Last Updated: January 26, 2025
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Key Takeaways:
Account Sizes - Offers a range of accounts from $50K to $300K.
Profit Share - 100% of first $12,500 profits, then 90% thereafter.
Trading Platforms Supported - MT4, MT5, NinjaTrader, cTrader, Tradovate, Rithmic.
Account Plan Costs (USD/Month) - Ranges based on account size, e.g., $165 for $50K, up to $655 for $300K.
Trailing Drawdown - $2k to $7.5K based on the account size and type.
Profit Target - $3K to $20K depending of the account size and type.
In this Elite trader funding review, one feature immediately caught my attention – the ability to manage multiple accounts through a single login. As someone who's analyzed various futures prop firms, I can tell you this is a game-changer for traders juggling different strategies. And from what I've seen in other reviews of this firm, I'm not alone in appreciating this convenience.
Their thoughtful approach to different trading styles sets Elite Trader funding apart. It could be that you're just starting out, or you’ve been in the futures trading game for many years, but the company’s evaluation options flex to match your experience level. But their profit-sharing model is what got me really excited. The company lets you keep 100% of your first $12,500 in profits, that's a serious incentive to hit the ground running. Once you cross that threshold, you still get to keep 90% of your earnings, which is pretty generous in the prop trading space.
Elite also added some trader-friendly features that show they understand what their
funded trader program's participants actually need. Take the $75 evaluation reset fee, for instance. Had a rough day and need a fresh start? It won't break the bank. Plus, if your account doesn't make the cut, you get an automatic reset with your monthly renewal—no extra hoops to jump through. These aren't just random perks; they're carefully thought-out features that make the whole experience more sustainable for traders.
Elite Trader Funding (ETF) has announced an exciting offer for aspiring traders. Here's what you need to know:
Introducing the PriceSlash Add-On!
Unlock incredible savings with their latest feature, PriceSlash! This add-on is designed to reward you with jaw-dropping discounts on future evaluations. Here’s how you can save big:
Exclusive Discount Details:
When you purchase your evaluation, add the PriceSlash option at checkout. With PriceSlash, your pathway to more evaluations becomes significantly more affordable, maximizing your savings as you advance!
Remember, the PriceSlash add-on is only available for a limited time, so don't miss out on this chance to supercharge your trading journey with Elite Trader Funding!
Elite Trader Funding, is a proprietary trading firm based in Delaware, USA. The company started operating in 2022 and is the brainchild of Clint Chaney, Kanwal Singh, and Eric. Like most businesses, this company was the result of intelligent people looking for solutions to problems that had saddled them for long. The founders were brought together by what they call an “Elite Vision,” which entails the desire to create a one-stop shop for traders looking to be funded.
One thing is already apparent: the founders were trading way before they thought about the prop firm. The other thing you should know is that these founders bring serious knowledge of the financial markets to the table: there is a CFA Charter holder, an Economics graduate, and an MBA holder. Add to that their combined 40 years of trading experience, 15 years in banking and energy trading, plus two decades of web development expertise, and you can see why the company’s members consistently praise its professional yet accessible approach.
It’s always good practice to weigh a company’s strengths and weaknesses when checking out a prop firm. So, what works, and what might you want to consider when checking out this firm?
Pros:
Cons:
Let's talk about what you can actually trade with this company’s money. Traders get access to quite a spread of markets—and we mean that in the best way possible!
Here's something straightforward about this prop firm: they keep their leverage simple at 1:1 for futures trading. What does this mean for you? You can trade with capital equal to your account balance—no more, no less.
That's pretty much it. No complicated tiers, no fancy conditions. Just clean, straightforward leverage that keeps things balanced and controlled.
Note: This is the kind of straightforward information traders need. For more detailed information about their leverage options and other trading conditions, you can visit their website.
Here's how the money flows at the firm. The first thing you'll love is keeping 100% of your first $12,500 in profits—yes, all of it. After that milestone, it's a solid 90% profit share.
Getting your first payout needs a bit of patience. You'll need:
For your next payout, you're looking at another 15 trading days. From the third payout onwards, it drops to 10 trading days.
A few other things to keep in mind:
Elite funded trader program's users in the US should know about the paperwork: you'll need to handle W-9 and 1099-NEC forms. If you need specifics about taxes, though, it's best to chat with a qualified tax accountant.
When it comes to trading platforms, this company keeps things flexible. They support six major platforms that most traders already know and trust:
Simple and effective—exactly what you need for serious trading.
This prop firm offers a 14-day test drive with a 250K Fast Track account. You can use this time to get comfortable with the platform and practice your trading strategy in simulation mode.
Just two things to remember:
That seems fair enough for checking out if the platform matches your trading style.
Want to know what it costs to trade with this prop firm? Let's break it down:
Account: $50K
1 Step Evaluation/month - $165
EOD Drawdown Evaluation/month - $295
Account: $100K
1 Step Evaluation/month - $205
EOD Drawdown Evaluation/month - $430
Fast Track Evaluations/month - $75
Static Drawdown Evaluations/month - $135
Diamond Hands Evaluations/month - $365
Account: $150K
1 Step Evaluation - $295/month
EOD Drawdown Evaluation/month - $605
Static Drawdown Evaluations/month - $300
Account: $250K
1 Step Evaluation - $515/month
Fast Track Evaluations/month - $175
Account: $300K
1 Step Evaluation - $655/month
Now, regarding trading hours, this firm has some clear rules. You need to close all positions one minute before the market closes. For example, ES trades must be closed by 3:59 p.m. CST, with trading resuming at 5 p.m. Different instruments have their own closing times, and these rules are extra important during holidays.
Breaking these rules could be costly. For starters, you could fail the evaluation. The company could also terminate your Elite account and impound any profits. The only exception is the Diamond Hands account, which lets you hold trades overnight. In case you need help, technical support is there from 8:00 to 16:00 CST for everyone
Examining this prop firm's evaluation process is the best way to get a sense of how it funds its traders. So, what is it all about?
For starters, it helps to understand that Elite Trader Funding appraises traders using five different approaches.
The 1 Step Evaluation process:
This is the company's basic evaluation route, and it is pretty straightforward. The key elements include:
End Day Drawdown Evaluation
This evaluation type is a little more advanced and follows a more structured approach when calculating drawdowns. It consists of the following:
Fast Track Evaluation
This route offers a quicker path to funding with some specific conditions. The key elements include:
Static Drawdown Evaluation
This evaluation keeps things simple with a fixed minimum balance approach. The key elements include:
Diamond Hands Evaluation
This evaluation sets itself apart with more flexible holding times. The key elements include:
Let's break down the various accounts this prop firm offers to traders. For clarity's sake, the company calls these accounts "challenges" because that's exactly what they are—you need to prove your trading skills by meeting specific targets and following certain rules before getting funded.
Think of these challenges as different paths to the same destination. Each has its own balance size, drawdown limits, profit targets, and, of course, costs. Let's explore each type.
This is for traders who like to move fast and trade frequently. There are no scaling rules to worry about, and if things go south, there's always the $75 reset option.
Account Size | Max Drawdown | Profit Target | Max Position (minis/micros) | Monthly Cost |
---|---|---|---|---|
$50K | $2,000 | $3,000 | 8 (8/80) | $165 |
$100K | $3,000 | $6,000 | 14 (14/140) | $205 |
$150K | $5,000 | $9,000 | 18 (18/180) | $295 |
$250K | $6,500 | $15,000 | 24 (24/240) | $515 |
$300K | $7,500 | $20,000 | 30 (30/300) | $655 |
This one's designed with two types of drawdown monitoring—one that tracks your end-of-day balance and another that watches your daily losses. Like the first option, there's no scaling rule to worry about, and you can reset for $75 if needed.
Account Size | Profit Target | Daily Loss Limit | Max Drawdown | Max Position (minis/micros) | Monthly Cost |
---|---|---|---|---|---|
$50K | $3,000 | $1,100 | $2,000 | 8 (8/80) | $295 |
$100K | $6,000 | $2,200 | $3,500 | 14 (14/140) | $430 |
$150K | $9,000 | $3,300 | $4,500 | 18 (18/180) | $605 |
Think of this as the express lane for confident traders. If you know what you're doing and want to hit your profit target quickly, this could be your path. It's cheaper than other options, but remember—no resets allowed here.
Account Size | Profit Target | Max Drawdown | Max Position (minis/micros) | Monthly Cost |
---|---|---|---|---|
$100K | $6,000 | $3,000 | 14 (14/140) | $75 |
$250K | $15,000 | $6,500 | 24 (24/240) | $175 |
This one keeps things simple with a fixed maximum loss—no trailing drawdown to track. Your minimum balance stays the same from start to finish. No scaling rules here either, and you can reset for $75 if needed.
Account Size | Profit Target | Max Drawdown | Max Position (minis/micros) | Monthly Cost |
---|---|---|---|---|
$100K | $2,000 | $625 | 2 (2/20) | $135 |
$150K | $4,000 | $1,250 | 4 (4/40) | $300 |
Here's what makes this one special—you can actually hold positions overnight and through weekends. It comes with end-of-day trailing drawdown and daily loss limits, no scaling rules to worry about, and yes, you can reset funded accounts for $75. You'll still need those minimum 5 trading days, though.
Account Size | Profit Target | Max Drawdown | Daily Loss Limit | Max Position (minis/micros) | Monthly Cost |
---|---|---|---|---|---|
$100K | $5,000 | $3,500 | $1,500 | 2 (2/20) | $365 |
After passing evaluation, traders move into what the company calls sim-funded Elite accounts. These accounts start with the same capital and drawdown limits used during the evaluation phase. A trailing drawdown tracks the highest unrealized profit, but here's a nice touch—once a trader achieves realized profits equal to the drawdown plus $100, that drawdown gets permanently removed.
The rules around trading positions and withdrawals are quite specific. For starters, there is no holding trades overnight—everything must close before the market's closing time. And speaking of closing times, they vary by market, so traders need to stay on top of when to exit their positions.
One interesting detail to note about the rules: the 40% rule only affects accounts purchased or activated before August 1, 2024. Under this rule, when requesting a withdrawal, no single day's gain could exceed 40% of the total profit. But if you're getting an account after August 1, 2024, here's some good news—this 40% consistency rule no longer applies to Elite sim-funded accounts.
This prop firm has built quite a name for itself on Trustpilot, sporting a solid 4.1-star rating from over 470 reviews. Breaking that down, you'll find an impressive 76% giving it five stars, 4% rating it at four stars, 2% settled for three stars, and 1% for two stars. The remaining 17% left one-star reviews. The message is resoundingly clear that traders (current and former) are happy with their experience with the company.
Many Elite Trader Funding reviews mention Instagram when discussing the company’s significant social media presence. And there is a reason. The prop firm has more than 1.4K followers, with whom it has shared over 240 posts. Here, you'll find everything from growth updates and payout news to exclusive discounts and trader reviews. Their DMs are also open to anyone with an inquiry.
However, it seems X (formerly Twitter) is where the company truly finds its A game. The X community is more than 13K strong, engaging with more than 1.6K posts. The firm’s X timeline is an excellent place to catch company updates, reviews, and special offers. Plus, you can jump into the conversation by commenting on their posts to stay in the loop.
The prop firm has rolled out some trader-friendly changes that are worth noting:
The company recently launched a blog called Elite Trader Funding Blog that's worth checking out. It's the first dropdown option under the “Resources” tab on their website, and it breaks down their funding programs in plain English.
The primary goal of the blog is to create a go-to spot for traders (both members of the Elite Trader Funding family and outsiders) to stay informed. The blog covers important rule changes, like the recent update to the 40% consistency rule for Elite sim-funded accounts. It walks you through how the funding system works, what it takes to qualify, and the ins and outs of different account types.
They also use the blog to announce special offers. For instance, if there are limited-time Elite Trader Funding discounts coming up, you'll know exactly when they start and lapse. You'll also find plenty of practical trading tips to help you make the most of your funded account. It's basically your handbook for navigating the company's funding options, keeping up with rule changes, and picking up useful trading strategies along the way.
This is the question that's probably been on your mind since you started reading this review. So, let’s tackle it. After all, in an environment where new firms pop up almost daily, it's crucial to separate the genuine opportunities from the questionable ones.
The short answer is that Elite is a legitimate business. Its consistent performance and transparent operations provide sufficient proof to this end. But don't just take our word for it—let's look at what evidence says.
In the first place, the company has successfully funded over 2,000 traders. That aside, the firm has so far disbursed over $10 million in profits to thousands of deserving members. This is a powerful move because, in this line of business, consistent payouts are the currency for legitimacy. It's one thing to promise payments; it's another to deliver them reliably and on time.
The success rates tell an interesting story, too. About 15-20% of traders make it through the evaluation process to earn funded accounts. A lot can be deduced from this particular percentage—it’s not so low that it seems impossible, but not so high that it raises suspicions of foul play. Instead, the transition rate suggests a fair system that rewards hard skills.
Their fee structure also adds to their credibility. Starting at $150 for evaluations, the pricing is transparent and competitive. There are no hidden charges or mysterious fees that suddenly appear—what you see is what you get.
A feature that raises the company's shoulders above any speck of doubt is the company’s approach to developing and improving members’ skills. They've built a comprehensive support system:
Their social media pages provide a platform to get in touch with traders fast and reliably. This open communication style is a typically a feature of legitimate operations that have nothing to hide. Moreover. Elite Trader’s recent platform improvements show that the company’s founders think about the long-term existence of the organization. It is evidence that they have chosen not to sit back and enjoy the current successes but continue to work towards the best. Another critical indicator of verifiable operations is the reviews on Trustpilot. We learned that most reviewers think positive about the company.
So, when you put all these pieces together, you get a clear picture of a legitimate prop firm. And while the company only started operating in 2022, making it relatively young in the prop trading space, this actually isn't a concern. Why? Because the founders bring decades of combined experience in trading, banking, and technology. Their expertise and professional background make the company's age a non-issue. Instead, what matters is how they've used their experience to build a trader-centric platform that delivers on its promises.
Let’s see how Elite Trading stacks up against the competition.
Elite Trader Funding | Apex Trader Funding | My Funded Futures | Bulenox | TopStep | |
---|---|---|---|---|---|
Account Sizes | $50K to $300K | $25K to $300K | $50K to $150K | $25K to $250K | $50K to $150K |
Profit Share | 100% of first $12,500; 90% thereafter | 100% of first $25,000; 90% thereafter | 100% up to $10K; 90% thereafter | 100% for up to $15,000; 80% thereafter | 100% of first $5,000; 90% thereafter |
Account Plan Costs (USD/Month) | $165 to $655 | $137 to $677 | $80 to $375 | $145 to $535 | $49 to $149 |
Profit Target | $3K to $20K | $1.5K to $20K | $3K to $12K | $1.5K to $15K | $3K to $9K |
This 2025 review reveals a prop firm that's hitting all the right notes. Their multi-account management under a single login is a standout feature that traders love, especially those running different strategies across various accounts. The platform flexes to match different experience levels, offering evaluation options that make sense for both new and seasoned traders.
Let's talk money—keeping 100% of your first $12,500 in profits and 90% afterward is pretty generous. Add to that the $75 evaluation reset option and automatic resets with monthly subscriptions, and you've got a system that gives traders real breathing room.
The founders—Clint Chaney, Kanwal Singh, and Eric—have built something comprehensive here. From equity and currency futures to crypto, the trading options cover all the major bases. Their combined background in banking, trading, and tech shows in how the platform handles. Whether you prefer MT4, MT5, NinjaTrader, or other platforms, you're covered. New to the scene? There's a 14-day free trial with a 250K Fast Track account to get you started.
Trading rules are clear-cut: close positions one minute before market close (except with Diamond Hands accounts), and know your market's closing times. Recent updates have made things even better for traders:
For traders looking for a solid prop firm in 2025, this one deserves serious consideration. It combines professional-grade features with trader-friendly policies, backed by a team that clearly understands what traders need to succeed.
You'll find quite a range here—the prop firm offers accounts starting from $10K all the way up to $300K. The size you get depends on which evaluation type you choose. Different challenges come with different sizes, so you can pick what matches your trading style and experience level.
Traders keep 100% of their first $12,500 in profits, and after crossing that threshold, it shifts to a 90/10 split, with traders keeping the larger share. This structure rewards early success while maintaining attractive profit-sharing for the long haul.
Daily payouts are possible once you've met the requirements. There's no long waiting period or complicated process—just hit your minimum trading days and profit targets, and you can request withdrawals daily. This quick access to profits is a practical feature that gives traders more control over their earnings.
Drawdown limits range from $1K to $7K, varying based on your account size and type. Each challenge comes with its own specific limits, designed to match the risk level with the account size you're trading. It's a straightforward system that helps keep your risk in check while giving you room to trade.
Yes, they offer a 14-day free trial period. You'll get access to a simulation account set up with a 250K Fast Track configuration, giving you time to explore the platform and test your strategies. Just keep in mind that this trial account won't qualify for an Elite account, and you're limited to one trial period per trader.
Trading Disclaimer: The information provided is for informational purposes only and is subject to change. We strive to keep it up-to-date and accurate. However, there may be instances where actual data differs from what's published on our website. Daytradinginsights.com operates as an independent platform, which may receive compensation for advertisements, sponsored content, or when you click on links on our site. Please note that the authors and contributors are not licensed financial advisors. Before making any financial decisions, it is recommended that you seek the advice of a professional.
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