Elites Funding offers an opportunity for aspiring traders to trade with a funded trading account. With two evaluation programs, flexible rules, and a generous 80% profit split which can be scaled up to 90%. Elites Funding caters to traders looking to access large capital or up to $200,000 and maximum capital of $300,000. 

Company Information

Company Name: Elites Funding
Company Legal Name: Masterlabs Limited
Company Registration No.: 440766
Country of Registration: Spain
Support Email: [email protected]

Challenge Details

Elites Funding provides two types of evaluations—Standard Evaluation and Express Evaluation.

Standard Evaluation

This is a two-phase challenge where traders need to hit specific profit targets across both phases to qualify for a funded account.

Pricing:

• $10,000 Account: $99
• $25,000 Account: $220
• $50,000 Account: $320
• $100,000 Account: $530
• $200,000 Account: $10,000

Rules:

• Profit Target (Phase 1): 9%
• Profit Target (Phase 2): 5%
• Total Loss: 10%
• Daily Loss: 5%
• Profit Share: 80%, scalable up to 90%
• Drawdown Type: Static drawdown
• Time Limit: Unlimited
• Leverage: 1:100
• Max Lot Size: No rule
• Payout Frequency: Every 14 days
• Allows Copy Trading: No
• Minimum Trading Days: 10

Express Evaluation

The Express Evaluation is a one-phase challenge, providing a quicker route to securing a funded account.

Pricing:

• $10,000 Account: $110
• $25,000 Account: $250
• $50,000 Account: $370
• $100,000 Account: $600
• $200,000 Account: $1,150

Rules:

• Profit Target: 10%
• Total Loss: 6%
• Daily Loss: 3%
• Profit Share: 80%, scalable up to 90%
• Drawdown Type: Static drawdown
• Time Limit: Unlimited
• Leverage: 1:100
• Max Lot Size: No rule
• Payout Frequency: Every 14 days
• Allows Copy Trading: No
• Minimum Trading Days: 10

Scaling Plan

Elites Funding offers the ability to increase your profit share to up to 90%. However, the specific details regarding the scaling rules have not yet been mentioned.

Spreads and News Trading Rules

Spreads:

• Spreads are not mentioned but they have partnered with NATlON FX broker to provide the most competitive spreads.

News Trading Rules:

• There is no mention of any rule related to News Trading. Traders are advised to contact elites funding before engaging in news trading

Other Important Rules

Daily Drawdown Calculation

The daily drawdown is calculated based on static drawdown, which means the drawdown limit does not fluctuate and will be set to a specific amount. 

Countries Banned from Purchasing

Elites Funding does not offer services to residents of OFAC sanctioned countries or FATF blacklisted countries. This means that if you're residing in these restricted regions, you won’t be able to participate in their evaluation programs.

Prohibited Trading Strategies

Elites Funding maintains a strict policy on certain trading strategies, with breaches leading to account termination or bans. Here are the key strategies that are prohibited:

• Grid Trading: Engaging in inverse buy and sell orders with similar risks is banned due to its potential for market manipulation.
• Tick Scalping: Trades held for just seconds or minutes can be considered abusive if they are used excessively to avoid meeting trading day requirements.
• Account Sharing/Selling: Sharing your funded account or selling it to others violates the platform’s Terms of Service.
• Martingale Trading: Increasing trade size after each loss, known for its high-risk nature, is prohibited.
• High-Frequency Trading (HFT): HFT algorithms that execute trades within milliseconds are not allowed, as they can distort market conditions.
• Collusion Between Users: Traders working together to place offsetting trades across accounts to create risk-free profit is considered manipulation.
• hedging across multiple accounts
• using a delayed data feed or trading based on delayed charts.

Payout Methods

When it comes to payouts, Elites Funding exclusively uses USDT ERC20 (Tether on the Ethereum blockchain). Make sure to double-check your wallet address before requesting a payout, as incorrect details can result in the loss of funds, and Elites Funding takes no responsibility for such errors.

Trading Commissions

Elites Funding has not mentioned the Commission rates for the tradable instruments but they have partnered with NATlON FX broker to provide the lowest commissions.

IP Rule

Elites Funding recommends avoiding this unless absolutely necessary. If you are using a VPS or trading from a different location, you must provide proof to Elites Funding to avoid complications. Sharing your account credentials is strictly prohibited and violations can result in account suspension or termination.