Looking for a prop firm you can actually trust with your trading ambitions? Elite Trader Funding gives traders a shot at real capital through their evaluation programs.

Let’s break down what they’re offering, what it’ll cost, and whether it’s really worth your time. Maybe this is your next step toward trading success, or maybe not. Let’s see.

Features

Elite Trader Funding hands traders simulated accounts so they can prove their skills before getting funded. They offer several evaluation types to suit different trading approaches.

You can pick from account sizes ranging from $50,000 up to $300,000. That means newer traders can start small, while more experienced folks can go for the bigger pools of capital.

The evaluation process is pretty straightforward. Traders need to trade for at least 5 days and hit certain profit targets without breaking drawdown rules.

There are five main evaluation types:

  • One Step Evaluation uses an intraday trailing drawdown that follows your highest unrealized profit.
  • End of Day (EOD) Drawdown Evaluation tracks your balance at the market close, with both EOD trailing drawdown and daily loss limits.
  • Fast Track Evaluation gives you 5-14 calendar days to hit profit targets, and if you pass, you can get funded in as little as 72 hours.
  • Static Drawdown Evaluation sticks to a fixed minimum balance instead of a trailing drawdown.
  • Diamond Hands Evaluation lets you hold positions overnight and even over weekends, a rarity among prop firms.

If you pass, you get a funded account with the same capital and trading parameters. Traders keep 100% of their first $12,500 in profits, then 90% after that.

You can use a bunch of trading platforms: MetaTrader 4, MetaTrader 5, cTrader, NinjaTrader, Tradovate, and Rithmic. So, chances are, your favorite is covered.

Elite Trader Funding lets you trade all sorts of futures: equity futures (S&P 500, NASDAQ), interest rate futures, currency futures, agricultural, energy, metals, and even crypto like Bitcoin and Ethereum.

They’ve recently made some solid improvements more monthly payouts, higher withdrawal limits on first payouts, and no more news trading restrictions. The first payout needs 15 trading days and profits that cover your drawdown plus an extra 100%. After the third payout, you only need 10 trading days.

You can manage multiple accounts with just one login, which is great if you run different strategies. If you hit your drawdown, you can reset your evaluation for $75 instead of buying a new one.

Costs

Pricing depends on the account size and evaluation type. Here’s a quick look at the monthly costs:

For $50,000 accounts:

  • One Step Evaluation: $165/month
  • EOD Drawdown Evaluation: $295/month

For $100,000 accounts:

  • One Step Evaluation: $205/month
  • EOD Drawdown Evaluation: $430/month
  • Fast Track: $75/month
  • Static Drawdown: $135/month
  • Diamond Hands: $365/month

For $150,000 accounts:

  • One Step Evaluation: $295/month
  • EOD Drawdown Evaluation: $605/month
  • Static Drawdown: $300/month

For $250,000 accounts:

  • One Step Evaluation: $515/month
  • Fast Track: $175/month

For $300,000 accounts:

  • One Step Evaluation: $655/month

Once you pass and get a funded account, you pay a flat $80 monthly fee no matter your account size. This covers real-time data and platform access.

Hit your drawdown limit? You can reset your evaluation for $75 and try again. The Fast Track evaluation doesn’t allow resets, though.

They also offer a 14-day free trial with a 250K Fast Track simulation. It’s a risk-free way to test the platform, but you can’t get funding from the trial and you only get one shot per person.

There’s a “PriceSlash” add-on now pass your first evaluation and get 90% off future ones. It costs $4.99 for accounts up to $50K and $14.99 for accounts above $100K.

Summary

Elite Trader Funding is a real proprietary trading firm focused on futures. Founded in 2022 by traders who know their stuff, they’ve already paid out over $7 million to successful traders.

The variety of evaluation options stands out, making it easier to find something that fits your style. The profit split is pretty generous 100% of your first $12,500, then 90% after. That’s not bad at all if you ask me.

Rules are clear: close positions a minute before market close unless you’re in a Diamond Hands account. Drawdown limits depend on account size, somewhere between $2,000 and $7,500.

You get access to six major trading platforms and a wide range of futures markets. This flexibility makes it easy to stick with tools and markets you already know.

Costs scale up with account size, from $75 to $655 during evaluation. After passing, it’s a flat $80 per month. The $75 reset fee is reasonable if you need another shot.

They’ve been rolling out improvements: more payout options, higher withdrawal limits, and no more news trading restrictions. It feels like they’re actually listening to traders.

Consistent payouts, transparent rules, and solid support make Elite Trader Funding look legit. The educational resources and responsive customer service don’t hurt either.

Pros and Cons

Pros:

  • You can manage multiple accounts with just one login.
  • The profit-sharing model is generous 100% of the first $12,500, then 90% after that.
  • There are different evaluation types, so you can pick what fits your trading style best.
  • If you fail an evaluation, you can reset for $75, which isn’t too bad.
  • Daily payouts are available once you meet the requirements.
  • They support six major trading platforms, which covers most needs.
  • The trading rules and parameters are clear and upfront.
  • No restrictions if you want to trade during news events.
  • Customer support is actually responsive and helpful.

Cons:

  • Overnight positions aren’t allowed unless you’re on a Diamond Hands account.
  • You have to close positions one minute before the market closes no exceptions.
  • The trial account doesn’t offer the full experience.
  • If you want a larger account, you’ll pay higher monthly fees.
  • Fast Track evaluation doesn’t let you reset if you mess up.
  • Every evaluation requires at least five trading days, even if you’re quick.
  • They strictly enforce position size limits, so there’s not much wiggle room.
  • The monthly subscription fee keeps going even after you get funded.