Are you considering joining the ranks of funded traders? If so, our detailed Elite Trader Funding review will help you make an informed decision.
What is Elite Trader Funding?
Elite Trader Funding is a proprietary trading (prop trading) firm located in Florida, USA, offering a unique opportunity to traders who wish to prove their skills in a simulated environment. Traders who are successful in these simulated conditions are then provided funding to trade in live markets. Notably, these traders retain a significant percentage of the profits they generate.
The company offers a 14-day free trial where potential traders are given a $250k Fast Track account to acquaint themselves with the platform and its workings. However, it should be noted that one cannot qualify for an elite account from this trial account and there’s a limitation of one trial per trader. For traders who fail the evaluation, they can simply purchase a reset and try again, though resets are not available for Elite accounts or Fast Track evaluations. If a trader qualifies for an elite account, payments are sent through Deel via ACH transfer.
It is significant to mention that Elite Trader Funding is one of the best prop trading firms recognized for profit share. The platform supports various trading interfaces, such as NinjaTrader, Rithmic, TradingView, and Tradovate. The company has a fairly risk-tolerant approach, permitting traders to keep 80 percent of their profits, which is comparatively high in relation to its competitors.
Despite being a rather young firm, it has gained considerable popularity and has thousands of partners worldwide, mainly due to its flexible selection of accounts and tariffs, minimum restrictions, and customizable trading tools.
Elite Trade Funding: Key Features
The platform is specifically designed to encourage trader flexibility, with the capacity to trade during preferred hours, including holidays, special events, and market-moving news events. One of their innovative offerings includes different trading exchanges and the addition of mobile trading capabilities. This approach focuses on the trader’s skill set and the ability to turn a profit instead of restrictive rules or prescribed trading styles, allowing traders to operate in their comfort zones.
The account sizes offered by Elite Trader Funding span from $10,000 to $300,000, with several evaluation types available for traders to choose from. Each evaluation type has its own specifics such as initial balance, maximum trading days, profit target, and drawdown limits. This large selection of accounts and tariffs, along with the minimal restrictions and flexible adjustment of trading tools, contributes to the firm’s appeal.
One standout feature is the platform’s profit-sharing model. Traders get to keep 100% of their first $12,500 in profits, which is considerably higher than many of its competitors. After reaching this target, traders retain 80% of all subsequent profits. Traders are also provided an option for an evaluation reset for a fee of $75 if they hit the maximum drawdown limit, allowing them to start over.
Elite Trader Funding is a fit for a broad range of traders, from novices to experts. Novice traders can use it as a stepping stone to acquire practical trading experience without risking their personal funds. They can also enhance their trading skills by managing multiple accounts under a single login from a company known as one of the best funded stock trading accounts. Experienced traders, on the other hand, may find the high-profit split ratio and the ability to leverage larger account sizes appealing. Swing and day traders can benefit from the prop trading model by exploiting daily market volatility.
Reviews and User Experiences
On Trustpilot, Elite Trader Funding is rated as ‘Excellent’ with a 4.3 out of 5 score, with many traders highlighting their positive experiences with the platform. Users praised the firm for their great customer service, as well as their lively interaction with traders. Elite Trader Funding reviews are generally positive for this platform.
The firm is a legitimate platform that listens to its users’ needs and provides a profitable partnership program. It also boasts positive reviews. It has gained popularity due to its minimum restrictions, flexible adjustment of trading tools, and high profit sharing.
Who Is Elite Trade Funding Best for?
There are many Elite Trader Funding pros and cons, but overall, the platform appeals to a wide range of traders, from beginners to seasoned traders. Novice traders can leverage this platform to gain practical trading experience without risking their personal funds. Experienced traders might find Elite Trader Funding appealing for its high-profit split ratio and the ability to leverage larger account sizes. Additionally, traders who prefer flexible trading schedules will appreciate the platform’s accommodating trading hours.
Elite Trader Funding Review: Summing It Up
Elite Trader Funding seems to be a reputable and user-friendly platform for both novice and experienced traders. With flexible trading hours, a free trial, various account sizes, and attractive profit splits, it is certainly worth considering. However, be mindful of some reported technical issues.
Hopefully, this Elite Trader Funding review has been helpful in understanding the firm better. If you’re interested in starting your trading journey with this unique platform, take advantage of the opportunity right now! Don’t forget to check out the Elite Trade funding promo code as well, which offers up to a 65% discount on the platform.
