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EliteTraderFunding Guide

Purchase ELITE

Use Code "SMART" For Exclusive Discounts

SmartPropFirm Review

Elite Trader Funding stands out as a highly versatile prop firm, catering to a diverse range of trading strategies with its comprehensive selection of account types. Whether you’re a regular trader, scalper, experienced trader, or a swing trader, Elite offers tailored trading accounts. This exceptional firm, with its myriad of account options, is poised to excel alongside you, seamlessly complementing your unique trading model.

Firm Overview

Elite Trader Funding aims to be the go-to destination for traders seeking funding, and they are committed to forging partnerships with successful traders. Identifying elite traders is a meticulous process that demands time and dedication.

For those seeking evaluation, there is a monthly subscription cost. Funded Accounts, on the other hand, offer the flexibility of either monthly or lifetime subscriptions. The monthly subscription for funded accounts is set at $80 while the one-time payment varies depending on the size of the account. Notably, Elite allows traders to upgrade from a monthly to a lifetime subscription at any point, prorating the one-time fee based on the duration already paid in monthly fees. Resets on evaluations incur a $75 fee for all accounts.

Elite Trader Funding initiates the transition to Live Funded status for traders who consistently demonstrate commendable performance and maintain sound risk management practices over an extended period. This approach ensures that traders are elevated to live market conditions when they have proven their capabilities over time. It’s worth noting that Sim Funded accounts execute orders in a simulated market, while Live Funded accounts direct orders to the actual live markets.

Objectives: For Evaluation Phase

  • Reach and maintain the profit target
  • Consistency Target: None 
  • Requires a minimum of 5 trading days

Failure:

  • Do not hit or exceed the Daily Loss Limit (Failed)
  • Do not allow your Account Balance to hit or exceed the Maximum Loss Limit

Maximum Evaluation & Funded

Unlimited evaluations | 3 Active Sim Funded per household

Additional evaluations passed beyond this limit can be reserved. Monthly charges for these evaluations are waived, and activation will require a manually paid fee when a slot becomes available.

Account Types

End Of Day Evaluation: Daily trailing drawdown calculated only after futures market closing time.

One-Step Trailing Evaluation: intraday unrealized profit trailing drawdown


Fast Track Evaluation: Same rules as One-Step with a twist built for experienced traders. It is lower cost and requires you to reach the profit target in 14 calendar days but waives 1-2 monthly subscriptions depending on the account size ($80 value per month).

Static Evaluation: No trailing drawdown. Static minimum balance.

Diamond Hands Evaluation: Hold positions overnight and weekends. Same rule structure as End of Day Evaluation.


Hitting daily drawdown will count as a failure

Payout Structure

Capped Payouts that vary depending on the account size and increase each month for the first 3 payout cycles. 4th Payout Cycle is uncapped.

Keep 100% of the first $12,500. 90/10 split after.

Minimum Payout Request is $100.

Can withdraw daily in increments up to the maximum capped payout.

Requirement for Payouts:

  • Threshold: Earn realized profits equal to drawdown + $100 to permanently remove max trailing drawdown.
  • Trading Days: Requires 15 minimum trading days for the first two payout cycles. 10 trading days after the third cycle.
  • Consistency Rule: Stay below 40% highest profitable day of total accumulated profits.

Specific Rules


Consistency Rule (ELITE 40% Starters only):  At the time traders submit a withdrawal request, the balance in the account cannot consist of more than 40% of the profit balance from a single trading day. Take your highest profitable day and divide it by .4 to calculate the net profits you need to adhere to the consistency rule.

Scaling Rule (ELITE None): Each trading account has a specific limit on the number of contracts you can buy or sell at once. Under a scaling plan, these maximum contract limits will increase as you accumulate net profits in your trading balance

News Trading (ELITE Allowed): Allows only if it’s your normal strategy and not a random windfall position.

Flipping Rule (MFFU Not Allowed): Flipping refers to the strategy of quickly entering and exiting trades within a day to manipulate the payout cycle and log a trading day. 

Disclaimer: Smart Prop Firm provides educational content and showcases future prop firm deals. We do not offer financial advice, and all trading involves risk. Rebates are subject to verification and are not guaranteed. See our Terms & Conditions and Privacy Policy for details.

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