Overview of Elite Trader Funding Forex Prop Firm
TheTrustedProp
Date: April 30, 2024
In the fast-paced world of trading, success depends on various factors, including access to funding, risk management, and profitability. Elite Trader Funding, led by CEO James Goff Jr., is a company that aims to provide traders with the support they need to thrive in the financial markets. Founded in October 19, 2023, and registered in Florida, USA, Elite Trader Funding offers a range of evaluation programs designed to help traders reach their full potential. In this article, we will take a closer look at Elite Trader Funding, its evaluation programs, and what sets it apart in the trading industry.
Company Details
- Name: Elite Trader Funding
- Legal Name: Elite Trader Funding LLC.
- CEO: James Goff Jr.
- Founded: October 19, 2023
- Location: Registered in Florida, USA
The Five Types of Evaluation Programs
Elite Trader Funding offers five distinct evaluation programs, each tailored to suit different trading styles and preferences. Let's delve into the details of these programs.
1-Step Evaluation
The 1-Step Evaluation is ideal for traders who prefer quick and frequent trading. Here are the key features of this program:
- Intraday unrealized profit trailing drawdown.
- Requires a minimum of 5 trading days.
- No scaling rule.
- Resets allowed: $75.00
- Free NinjaTrader license key on eval and Elite.
- Free real-time data.
- $80.00 per month once qualified or One-Time Activation.
Max positions: 1 1 minis, 10 micros Max Drawdown: $1,000.00 Profit Target: $1,250.00
10K Eval
- Price: $80.00 (Auto renews every 30 days)
- Max positions: 3 3 minis, 30 micros
- Max Drawdown: $1,500.00
- Profit Target: $1,500.00
50K Eval
- Price: $165.00 (Auto renews every 30 days)
- Max positions: 8 8 minis, 80 micros
- Max Drawdown: $2,000.00
- Profit Target: $3,000.00
75K Eval
- Price: $185.00 (Auto renews every 30 days)
- Max positions: 10 10 minis, 100 micros
- Max Drawdown: $2,500.00
- Profit Target: $4,500.00
100K Eval
- Price: $205.00 (Auto renews every 30 days)
- Max positions: 14 14 minis, 140 micros
- Max Drawdown: $3,000.00
- Profit Target: $6,000.00
150K Eval
- Price: $295.00 (Auto renews every 30 days)
- Max positions: 18 18 minis, 180 micros
- Max Drawdown: $5,000.00
- Profit Target: $9,000.00
250K Eval
- Price: $515.00 (Auto renews every 30 days)
- Max positions: 24 24 minis, 240 micros
- Max Drawdown: $6,500.00
- Profit Target: $15,000.00
300K Eval
- Price: $655.00 (Auto renews every 30 days)
- Max positions: 30 30 minis, 300 micros
- Max Drawdown: $7,500.00
- Profit Target: $20,000.00
Additional Details
- Keep 100% of your first $12,500 in profits!
- Elite Trader Funding allows traders to keep 90% of all profits after their first $12,500.
- Optional evaluation reset fee is only $75.
- Automatic free evaluation account resets on monthly subscription renewal if the account is failed.
Trade Your Way
Elite Trader Funding believes in minimal rules and more opportunities for traders. The focus is on proving your profitability, avoiding drawdowns, and trading for at least 5 days. This simple approach lets traders showcase their skills without unnecessary distractions.
Trade When You Want
One of the advantages of being a successful trader is the flexibility to choose when to trade. Elite Trader Funding understands this and allows traders to trade at their convenience, even during holidays and market-moving events. The company provides the leverage needed for potential profits, reducing the risk for traders.
About Us
Elite Trader Funding envisions becoming the One-Stop shop for traders looking to be funded. They aim to partner with successful traders and provide support without excessive expenses. The founders have experience and expertise in the trading industry, making them well-equipped to guide aspiring traders on their journey to becoming elite.
- CFA Charterholder
- BA in Economics, MBA
- 15+ years of experience in Banking, the Energy Industry, and Commodities Trade Shop
- 40+ years of trading experience
- 20+ years of web development and network engineering
Getting Started with Elite Trader Funding
If you're eager to join the ranks of successful traders and explore the opportunities provided by Elite Trader Funding, here's a step-by-step guide on how to get started:
- Visit the Website: Begin by visiting the Elite Trader Funding website.
- Explore Evaluation Programs: Take your time to explore the different evaluation programs offered by Elite Trader Funding. Consider your trading style, risk tolerance, and financial goals when choosing the program that suits you best.
- Sign Up: Once you've selected an evaluation program, sign up for an account on the website. You'll need to provide some basic information and agree to the terms and conditions.
- Complete the Evaluation: After registration, you'll have access to the evaluation account. Use this account to demonstrate your trading skills and meet the program's requirements, such as the minimum trading days and profit targets.
- Progress to Funded Account: If you successfully complete the evaluation, you'll have the opportunity to progress to a funded trading account. This is where you can trade with real capital provided by Elite Trader Funding.
- Trade Responsibly: Remember to adhere to risk management principles and follow the rules of your chosen evaluation program. Elite Trader Funding encourages responsible trading to protect your capital and maximize your profits.
- Enjoy the Benefits: As a funded trader, you'll benefit from keeping a significant portion of your profits, the flexibility to trade when you want, and the advantage of trading with leverage without risking your own money.
- Continuous Improvement: Elite Trader Funding supports traders in their journey towards becoming elite. Use the experience gained from trading in funded accounts to refine your skills and achieve even greater success.
Conclusion
Elite Trader Funding is not just a platform; it's a pathway to success for aspiring traders. Founded by professionals with extensive experience in the financial industry, the company understands the challenges faced by traders and provides a solution that empowers them to thrive.
With a range of evaluation programs catering to different trading preferences and a commitment to simplicity and flexibility, Elite Trader Funding stands out as a valuable resource in the trading world. It offers traders the opportunity to prove their abilities, gain access to funding, and ultimately achieve financial success.
Whether you're new to trading or an experienced hand, Elite Trader Funding can be your partner on the journey to becoming an elite trader. Don't miss the chance to explore their evaluation programs and take advantage of their free trial to experience firsthand what they have to offer.
FAQs
Do you have a free trial?
Yes. We offer a 14-day free trial, allowing traders to prepare for their evaluation by trading a simulation account. The trial provides a 250K Fast Track account, but it does not qualify for an elite account. Each trader is allowed only one trial.
Supported Countries?
While Elite Trader Funding serves customers in several countries worldwide, there are restrictions due to banking regulations. Stripe is available for US customers (ACH/Wire), and Wise is for international customers.
Evaluation Rules?
To qualify for an Elite Sim-Funded account, traders must meet two objectives: Trade a minimum of 5 days (consecutive days not required). Meet the profit target. Elite evaluation accounts do not need to adhere to the 40% rule, which applies only to Elite sim-funded accounts.
What is the Weekend Holding policy?
Traders are allowed to hold positions overnight and on weekends, providing flexibility in trading strategies.
How do I get started with Elite Trader Funding?
To get started, visit Elite Trader Funding and explore their evaluation programs. Sign up for the one that suits your trading style and start your journey towards becoming an elite trader.
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