Elite Trader Funding Review
Rating Breakdown
- 4/5
- 4/5
- 4/5
- 4.5/5
Introduction
Elite Trader Funding is a proprietary trading firm that offers funded accounts to skilled traders. Unlike traditional trading, prop firms provide capital, allowing traders to keep a significant portion of their profits. But is Elite Trader Funding worth it? In this review, we’ll analyze its legitimacy, payout rules, fees, and real user experiences to help you decide.
What is Elite Trader Funding?
Elite Trader Funding is a prop trading firm that evaluates traders through challenges before granting them funded accounts. Traders who pass the evaluation can trade with the firm’s capital and earn profit splits.
Key Features:
Flexible Trading Rules – No strict time limits or minimum trading days. One-Step Evaluation – Simplified challenge process. Scaling Plan – Account size increases with consistent profits. Multiple Payout Options – Weekly or bi-weekly withdrawals.
Elite Trader Funding Payout Rules
One of the most critical aspects of any prop firm is its payout structure. Here’s how Elite Trader Funding handles withdrawals:
Payout Aspect | Details |
Profit Split | Up to 90% (varies based on account size) |
Payout Frequency | Weekly or bi-weekly |
Minimum Withdrawal | $500 (for first payout), then no minimum |
Payment Methods | Bank Transfer, PayPal, Crypto (varies) |
Pros of Payout System:
High profit share (up to 90%) No maximum withdrawal limit Flexible payout schedule
Cons of Payout System:
First payout requires $500 minimum Some delays reported during high-volume periods
Is Elite Trader Funding Legit?
Yes, Elite Trader Funding is a legitimate prop firm with verified payouts. However, some traders have raised concerns:
Positive Feedback:
Transparent rules Fast customer support No hidden fees
Negative Feedback:
Strict drawdown rules (can lead to account breaches) Some traders report slow verification times
How Much is the Elite Trader Activation Fee?
Elite Trader Funding charges an activation fee instead of a monthly subscription. Here’s a breakdown:
Account Size | Activation Fee |
$25,000 | $99 |
$50,000 | $179 |
$100,000 | $299 |
Is the Fee Worth It?
- One-time payment (no recurring fees)
- Refundable if you pass the challenge
Pros and Cons of Elite Trader Funding
Pros:
Pros: Simple one-step evaluation No time limits on challenges High profit splits (up to 90%) No consistency rule (trade freely)
Cons:
Cons: Strict trailing drawdown rules First payout requires $500 minimum Limited educational resources
FAQ’s
1. How long does it take to get funded with Elite Trader Funding?
Most traders get funded within 2-4 weeks if they pass the evaluation.
2. Can I trade forex and crypto with Elite Trader Funding?
Yes, they offer forex, stocks, indices, and some crypto pairs.
3. What happens if I lose money in a funded account?
You won’t owe anything, but you’ll lose the funded account and must re-apply.
4. Does Elite Trader Funding allow scalping?
Yes, scalping and news trading are allowed.
5. Are there any hidden fees?
No, the activation fee is the only cost.
Final Verdict: Is Elite Trader Funding Worth It?
Elite Trader Funding is a solid choice for traders who want a straightforward funding process with high profit splits. However, the strict drawdown rules can be challenging for beginners. If you’re disciplined and can manage risk well, this prop firm is a viable option.
Best For:
Experienced traders Scalpers and swing traders Those looking for high profit splits
Not Ideal For:
Beginners with poor risk management Traders who dislike trailing drawdowns
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail CFD accounts lose money. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.