In this Elite Trader Funding review, I’ll dive into what makes this platform stand out and what to know before subscribing to Elite Trader Funding. The primary goal of Elite Trader Funding is to establish itself as the definitive destination for traders looking for funding opportunities. The platform is focused on identifying and collaborating with profitable traders, emphasizing the creation of a mutually beneficial relationship where success is shared.
Elite Trader Funding is particularly noted for its robust profit-split arrangements and a variety of evaluation options, catering to a diverse group of traders, including day traders, swing traders, and forex traders. The platform’s high level of transparency and the ability to customize trading settings have been key factors in its growing reputation as a transformative force in proprietary trading.
If you’re considering Elite Trader Funding as a means to enhance your trading endeavors, understanding the platform’s approach to trader collaboration and the specific features it offers is crucial in determining whether it’s the ideal fit for your trading goals.
Continue reading to find all you need to know to determine if a subscription to Elite Trader Funding is worth it for you.
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What to Know Before Subscribing to Elite Trader Funding
There are a few things you must know before being able to determine Elite Trader Funding’s value. You will need to know the pros, cons, and pricing to name a few, but let’s first be clear about what exactly Elite Trader Funding is and isn’t.
What is Elite Trader Funding?
Elite Trader Funding, established in Delaware, USA in 2022 by Clint Chaney, Kanwal Singh, and Eric, operates as a proprietary trading firm. This platform provides a unique opportunity for traders to demonstrate their skills in simulated environments. Successful traders are then given the chance to trade in live markets using the company’s capital, adhering to a prop firm structure.
In this model, the company funds traders and shares in the profits they generate.
What sets Elite Trader Funding apart is its flexibility and trader-centric approach. Unlike many other platforms with stringent rules, it allows traders to choose their working hours, offering the freedom to trade during preferred times, including holidays or significant market events. This flexibility is highly valued by traders who seek to capitalize on vital market shifts.
With access to up to 20 trading accounts, Elite Trader Funding also stands out for its responsive customer service, favorable profit split arrangements, and the provision of monthly sales and discounts. The firm caters specifically to futures traders, who can access funded trading accounts after passing a trading evaluation.
Elite Trader Funding Benefits
Now that we are clear on what Elite Trader Funding is, the next thing we need to do before deciding to subscribe, is discuss what Elite Trader Funding brings to the table. Here are the benefits I think users will find most powerful:
- Flexible Options: Provides five options for traders, including 20 account sizes, catering to a wide range of trading strategies and preferences.
- Multiple Accounts: Enables traders to manage up to 20 trading accounts, offering significant flexibility and risk diversification.
- Attractive Payouts: Features a generous payout structure where traders retain 100% of the first $12,500 earned and then 90% of any subsequent profits.
- Free NinjaTrader License: Grants traders free access to the NinjaTrader Platform, known for its advanced features and user-friendly interface.
- Trader-Centric Approach: Focuses on the success of traders by providing a platform to showcase skills and access to capital based on performance.
- Evaluation Types: Offers various evaluation types with unique parameters like profit targets and drawdown limits, tailored to different trading styles and risk tolerances.
- Flexible Trading Conditions: Allows trading at preferred times, including during news events, accommodating a variety of trading styles.
- Transparency and Trust: Maintains transparency in its evaluation process, clearly defining rules and expectations for qualifying for a funded account, fostering trust among traders.
Elite Trader Funding Drawbacks
Before deciding whether to subscribe to Elite Trader Funding, you must look at the drawbacks in order to gain a well rounded understanding. Here are the major drawbacks I found with Elite Trader Funding:
- Challenging for Novice Traders: The platform’s daily loss limit and maximum drawdown rules can be particularly challenging for novice traders who may not yet have the experience to navigate these constraints effectively.
- Mandatory Safety Net Requirement: Before making withdrawals, traders must adhere to a mandatory Safety Net, adding an extra layer of complexity to the trading process.
- No Overnight Trades: The platform prohibits traders from holding overnight trades, which may limit certain trading strategies, especially for those who rely on longer-term market movements.
- Lack of Educational Resources: Unlike some other platforms, Elite Trader Funding does not provide an education center, which can be a disadvantage for traders looking to learn and improve their skills.
- Absence of a Learning Community: The platform does not offer a community where traders can communicate and learn from each other, potentially hindering the exchange of ideas and strategies.
Elite Trader Funding Pricing
With 20 different account types with varying evaluations and account sizes, the price of Elite Trader Funding varies greatly. For the sake of brevity, we won’t get into all of the different prices. To help you get a better idea, I will provide you a range. The cheapest price is $45 for a fast track evaluation with an account size of 25k. The most expensive, at $745, is the end of day drawdown evaluation for a 250k account size.
I suggest checking out my Elite Trader Funding discount page for periodic discounts.
In this review of Elite Trader Funding, I’ve highlighted key aspects that are essential in understanding what to know before subscribing to Elite Trader Funding. The platform stands out for those searching for the best funded stock trading accounts, offering a variety of account options, attractive profit splits, and flexible trading conditions.
As you decide whether Elite Trader Funding aligns with your trading objectives, bear in mind these considerations. If you want to learn more or get started with Elite Trader Funding, Click Here.
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