Funded Elite
8.3

Funded Elite

Unlock the door to forex success with Funded Elite, offering unmatched funding opportunities, education, and support for traders of all levels.

Step into the world of Funded Elite, where every trader is given the tools and support to thrive in the forex market. Discover a prop firm that’s redefining success.

Step into the world of Funded Elite, where every trader is given the tools and support to thrive in the forex market. Discover a prop firm that’s redefining success.

Pros
  • Generous profit share up to 80%.
  • Realistic profit targets for one-step and two-step programs.
  • Excellent customer support with professional experts.
  • Diverse trading instruments available.
  • Partnership with reputable brokers for trust and security.
Cons
  • No scaling opportunities mentioned.
  • Higher entry cost compared to other prop firms.
  • Limitations on account merging.
  • Potential country restrictions.
  • All transactions required in USD, limiting currency flexibility.

Table of Contents

Funded Elite Review – A Comprehensive Overview

Funded Elite stands out as a beacon for those looking to make their mark in the forex trading world. This company dedicates itself to the success of traders by providing them with the capital needed to flourish after successfully passing a meticulous skill assessment challenge.

Funded Elite Review – Overview
Understanding that the journey of a trader varies from one individual to another, Funded Elite offers a diverse range of account sizes. This flexibility ensures that both novices and seasoned traders find options that align with their trading prowess and financial goals. Beginners have the luxury of starting with smaller accounts, which can be scaled up as they become more proficient in navigating the forex markets.

The evaluation process at Funded Elite is designed with traders’ success in mind, offering several attempts to ensure they have ample opportunity to demonstrate their trading skills. This supportive approach highlights the company’s commitment to understanding and mitigating the hurdles faced by traders in their pursuit of financial independence. One of the standout features of Funded Elite is their swift payout system, which facilitates quick access to funds. This efficiency not only accelerates the process of building a passive income stream but also reinforces the company’s dedication to supporting their clients’ trading endeavors.

Who Should Consider Joining Funded Elite?

Funded Elite is on the lookout for traders who are not only skilled but are also capable of showcasing their trading proficiency. The pathway to joining this elite group involves passing a platform test, designed meticulously to assess and evaluate your trading skills and strategies. This opportunity is best suited for individuals who already have a knack for trading or those with substantial experience in the forex market. It’s a call to arms for those confident in their ability to navigate the complexities of forex trading and eager to leverage their expertise for financial growth. In essence, if you believe in your trading talent and have the experience to back it up, Funded Elite could be your gateway to not just a funded account but a flourishing trading career.

The Founding Duo Behind Funded Elite

At the helm of Funded Elite are co-founders Christian Habibi and Artur Seriihovych Deshko, whose unique backgrounds and shared experiences have shaped the company’s vision and direction. Christian embarked on his trading journey back in 2016, at a time when he was also managing a pet product distribution chain in Italy. His foray into the forex market marked the beginning of a new venture that would eventually lead to the creation of Funded Elite.

Who Is The Founder Of Funded Elite?

Artur, on the other hand, brought to the table his expertise in IT and blockchain technologies, having started his trading career a year earlier in 2015. The intersection of their paths was not just professional but deeply personal, as the two have been childhood friends. Their venture into proprietary trading in 2020 was a testament to their shared passion for the financial markets, with each bringing their own insights and knowledge to propel their joint venture forward. Their continuous exchange of ideas and collaborative spirit has been a cornerstone of Funded Elite’s success, highlighting the power of partnership in navigating the complex world of forex trading.

Introducing Funded Elite: A New Horizon for Forex Traders

Funded Elite, a visionary entity founded in 2023, stands at the forefront of revolutionizing the forex trading landscape. With an inclusive approach, this organization opens its doors to an array of traders, from novices embarking on their journey to the seasoned experts commanding the trading arenas globally. At the core of Funded Elite’s mission is the unwavering commitment to fostering trader growth and success, a vision brought to life under the leadership of CEO Christian Habibi and COO Artur S. Deshko.

What Is Funded Elite?

The professional team at Funded Elite is dedicated not just to offering funding opportunities but also to ensuring that traders have access to a comprehensive suite of support and resources. This includes educational materials aimed at enriching your trading knowledge and a supportive community that encourages collaboration and mutual growth. The company’s ethos is deeply rooted in integrity and transparency, ensuring that every trader, irrespective of their experience level, is equipped with the necessary tools to expedite their trades and enhance profitability. By championing the belief that every trader deserves an equal shot at success, Funded Elite is not just providing a platform but is aiming to redefine the very journey of trading in the digital age, ensuring a fair and supportive path to online success for all involved.

Understanding How Funded Elite Operates

Funded Elite introduces a revolutionary approach to forex trading through its profit-sharing model. This innovative system allows you to leverage the company’s capital, offering you the opportunity to retain up to 80% of the profits generated from your trades. The essence of this model lies in fostering a symbiotic relationship between the trader and the company, where your trading performance directly influences your share of the profits.

Evaluation Stage: Your Gateway to Trading Success

The journey with Funded Elite begins at the evaluation stage, designed to gauge your trading acumen and ability to generate profits using company funds. This crucial phase serves as a proving ground for your trading strategies, execution skills, and adherence to the firm’s trading protocols. During this initial phase, you will engage in trading activities on a demo account equipped with virtual funds, thus eliminating the stress associated with the risk of losing real money.

The demo trading environment closely mirrors real market conditions, including latency, to provide a realistic trading experience. The primary objectives at this stage are to demonstrate your profitability, comply with the company’s trading guidelines, and maintain consistent trading performance. Achievement of the set profit targets and adherence to all trading rules are imperative for advancing to the next stage. The duration of the evaluation stage varies depending on the selected funding program, which may have different phases.

Funded Stage: Realizing Your Trading Potential

Upon successfully navigating the evaluation stage, you transition to the funded stage, where you commence trading with actual company capital. This stage not only allows you to earn real profits from the forex market but also empowers you to start building a passive income stream through strategic trading. Funded Elite emphasizes the importance of fast and accessible profit withdrawals, underscoring the firm’s commitment to motivating traders and facilitating their financial ambitions. However, continuing success in this stage requires strict adherence to the platform’s trading rules and maintaining high levels of profitability. Compliance with trading guidelines not only secures your trading position with Funded Elite but also opens the door to a lifelong trading partnership with the company.

This commitment to rule adherence and profitability underscores the dual focus of the program: empowering traders to succeed while ensuring responsible risk management. To embark on your trading journey with Funded Elite, the first step is selecting the appropriate funding program that aligns with your trading goals and experience level. This initial choice sets the stage for your evaluation and eventual progression to trading with real capital.

How Do I Get Started With The Funded Elite? Getting started with the Funded Elite is simple and can be done in the following steps:

Step One: Registration This is the first step that requires you to submit your personal details to join the Funded Elite Trading community. It will also allow you to get access to the Funded Elite funding programs, account sizes, and other services available on the platform. Step Two: Choose Your Funding Program There are two types of funding programs available in the Funded Elite platform as follows: The One Step Funding program.

The Two-Step Funding program. These funding programs are distinguished based on their number of evaluation phases. So, consider choosing the funding program with the evaluation phases you can easily pass to increase your chances of qualifying for a funded account. Step Three: Choose Your Account Size In this stage, choose the account size that you can easily purchase and trade with to achieve your financial freedom. For instance, if you are a beginner, you can choose a smaller account size that costs less and use it to test your trading skills.

However, if you are a professional trader, you can consider choosing an account size with a larger capital to maximize your profitability. Here are the available account sizes in the platform: $15,000 account size. $25,000 account size. $50,000 account size. $100,000 account size. $200,000 account size. Step Four: Make Your Payment After choosing your account, you must first make a payment for you to receive its credentials to enable you to get access to it.

The prop firm promises to make the processing of your payment as fast as possible to enable you to get started with your trading. According to the prop firm, it will take less than 24 hours to complete the payment process, and sent you the account credentials via your email. This will enable you to log in to your account and get started with your trading journey. Step Five: Take Your Challenge After receiving your account credentials, you’ll now log in to your account and get started with your trading journey. Your trading journey begins by first taking on your challenge in the platform and passing it to move to a funded account.

Step Six: Free trial In the case where you fail to pass your challenge, worry less, there is a second chance in the platform. In the second chance, you will get the opportunity to retake your challenge and try your best on the platform. You are free to restart your phase one or phase two evaluation and prove your trading skills to pass your evaluation. Note that failing this second chance will now put you at risk of losing your trading account on the platform. So, you are required to be very careful when you find yourself in a free trial on your second chance to prove your trading skills on the platform. Let us look at the challenges contained in the Funded Elite platform.

Getting Started with Funded Elite: A Step-by-Step Guide

 

Step One: Registration

Embarking on your journey with Funded Elite begins with a simple registration process. This initial step involves providing your personal details to become a part of the Funded Elite trading community. Upon completion, you’ll gain access to a variety of funding programs, account sizes, and other services offered by the platform.

Step Two: Select Your Funding Program

Funded Elite provides two distinct funding programs to cater to diverse trader needs and preferences:

  • The One Step Funding Program
  • The Two-Step Funding Program

These programs differ in the number of evaluation phases involved. Choose the program that aligns with your ability to pass its evaluation phases, thus enhancing your chances of securing a funded account.

Getting Started with Funded Elite: A Step-by-Step Guide

Step Three: Choose Your Account Size

Next, select the account size that best suits your trading strategy and financial goals. Beginners may opt for smaller account sizes, which are less costly and provide a platform to hone trading skills. Conversely, professional traders might prefer larger accounts to maximize their profitability. Funded Elite offers various account sizes:

  • $15,000
  • $25,000
  • $50,000
  • $100,000
  • $200,000

Step Four: Make Your Payment

After selecting your preferred account size, the next step is to complete your payment. This step is crucial for receiving your account credentials, enabling access to start trading. Funded Elite commits to processing payments swiftly, promising access within less than 24 hours of payment completion.

Step Five: Take Your Challenge

With your account credentials in hand, log into your account to begin your trading journey. The initial challenge awaits, and passing it is your ticket to transitioning to a funded account.

Step Six: Utilize the Free Trial (If Necessary)

If the initial challenge proves difficult, Funded Elite offers a second chance through a free trial, allowing you to retake the challenge. This is your opportunity to either restart phase one or two of your evaluation and showcase your trading expertise. Failing at this stage may risk your position within the platform, so it’s crucial to approach the free trial with diligence and strategy. As you navigate the complexities and challenges within the Funded Elite platform, each step brings you closer to realizing your trading potential and achieving financial freedom through forex trading.

Exploring the Funding Programs of Funded Elite

Funded Elite is distinguished by its two tailored funding programs, each designed to cater to the varying expertise and aspirations of traders. These programs are instrumental in nurturing your trading skills and steering you towards achieving your trading objectives.

One Step Funding Program: A Fast Track to Funding

The One Step Funding Program is characterized by its streamlined single-phase evaluation process. This program is specifically structured for traders to undergo one comprehensive evaluation phase, also known as the challenge. The challenge sets a higher profit target, requiring participants to exhibit a significant level of trading acumen to progress. Due to the elevated profit targets in this phase, this program is ideally suited for experienced traders seeking a swift transition to a funded account. Prior to opting for this program, it is essential to carefully consider the profit targets outlined for the one-phase evaluation.

Two-Step Funding Program: A Gradual Path to Success

On the other hand, the Two-Step Funding Program offers a more gradual evaluation process, making it an ideal choice for traders with less experience. This program encompasses two distinct phases: the challenge phase, which serves as an introduction to the evaluation process, followed by the verification stage, which completes the evaluation. Each phase is governed by its own set of trading rules, designed to assess and refine your trading strategy progressively. The dual-phase structure of the Two-Step Funding Program allows for a more measured approach to achieving funding, providing a supportive environment for traders to build confidence and enhance their trading skills. In conclusion, whether you are an experienced trader aiming for a rapid accession to a funded account through the One Step Funding Program, or a less experienced trader seeking a supportive pathway via the Two-Step Funding Program, Funded Elite offers a tailored approach to suit your trading journey.

Funded Elite Trading Rules: A Detailed Overview

Funded Elite has established a set of trading rules tailored to each of its funding programs. These rules are designed to provide clarity and guidance for traders, ensuring that they have a clear understanding of what is expected of them and how they can succeed within the platform.

One-Step Funding Program Rules

  • Profit Targets: The program features a single-phase evaluation with a profit target of 10%. No profit target is set for the funded account stage.
  • Maximum Trading Period: There is no limit on the trading period, allowing traders ample time to showcase their abilities.
  • Minimum Trading Days: Traders must trade for at least five days to complete a stage, meaning a minimum of six days is required to advance to a funded account.
  • Trading Leverage: A maximum leverage of 1:100 is provided to traders.
  • Maximum Daily Loss: The maximum daily drawdown is capped at 3% of the initial account balance.
  • Maximum Overall Loss: An 8% overall loss limit is set, calculated from the initial account balance.

Two-Step Funding Program Rules

  • Profit Targets: This program includes a two-phase evaluation, with the profit target set at 8% for the challenge stage and 5% for the verification stage. No profit target is set for the funded account stage.
  • Maximum Trading Period: Similar to the One-Step Program, there is no limit on the trading period.
  • Minimum Trading Days: A minimum of five trading days is required for each phase, totaling at least eleven days to complete the evaluation and advance to a funded account.
  • Trading Leverage: Traders are allowed a maximum leverage of 1:100.
  • Maximum Daily Loss: The daily drawdown limit is set at 5% of the initial account balance.
  • Maximum Overall Loss: A 10% overall loss limit is enforced, based on the initial account balance.

Common Rules for Both Programs

  • Weekend Holding: Traders are permitted to hold or open trades over the weekend.
  • News Trading: Trading during news releases is allowed.
  • Profit Share: Traders can withdraw up to 80% of their total profits, with the remaining 20% going to the company.

These comprehensive trading rules set by Funded Elite are designed to foster a disciplined trading environment while offering traders the flexibility to employ their strategies effectively. Understanding and adhering to these rules is crucial for success within the Funded Elite platform. What Is A Funded Elite Scaling Plan? The Funded Elite prop firm doesn’t mention any scaling opportunity on its website. For this reason, there is no guarantee that you will get a scaling plan on the platform.

What Trading Instruments Are Allowed In Funded Elite? Funded elite prop firm offers you a variety of trading instruments including the following: Forex pairs Indices Commodities Cryptocurrencies What Is Funded Elite Trusted Broker? Funded Elite has partnered with Think Markets, a reputable broker in the forex market, to safeguard your trading activities and funds. ThinkMarkets operates under regulatory authorities, ensuring compliance and security. Funded Elite’s platform utilizes the widely-used MetaTrader 4 and MetaTrader 5 platforms. Therefore, to begin your trading journey, you only need to ensure that your trading device supports these platforms.

An In-Depth Look into Funded Elite’s Offerings

 

Funded Elite Scaling Plan: What to Expect?

As of now, Funded Elite does not explicitly outline a scaling plan on its official website. This absence suggests that traders might not have predefined opportunities for scaling their accounts based on performance. However, it’s always advisable for traders to reach out directly to Funded Elite for the most current information regarding any potential for account scaling or future updates to their offerings.

Trading Instruments Available on Funded Elite

Funded Elite provides its traders with a broad spectrum of trading instruments, ensuring that they have ample opportunities to diversify their trading strategies. The variety includes:

  • Forex pairs for those interested in the dynamic currency markets,
  • Indices for traders looking to tap into global market trends,
  • Commodities, offering a chance to trade on goods ranging from precious metals to energy sources,
  • Cryptocurrencies, catering to the growing interest in digital currency markets.

This wide array of trading instruments is designed to meet the needs and preferences of traders with different interests and strategies.

Funded Elite’s Trusted Broker: Think Markets

To ensure the security and compliance of your trading activities, Funded Elite has partnered with Think Markets, a broker renowned for its reliability in the forex market. ThinkMarkets operates under strict regulatory oversight, offering traders peace of mind regarding the safety of their funds and the integrity of their trades. Moreover, Funded Elite leverages the advanced capabilities of the MetaTrader 4 and MetaTrader 5 platforms, widely recognized for their robust trading features. To start trading with Funded Elite, you simply need to ensure that your device is compatible with these platforms, setting the stage for a seamless trading experience.

Funded Elite Membership Costs and Payouts Explained

 

Joining Costs for Funded Elite

The specific cost to join Funded Elite varies depending on the funding program and account size you select. While the firm prides itself on offering a platform for skilled traders to showcase their talent, it is important to note that accessing these opportunities comes with a fee. This fee is an investment in your trading future, granting access to the firm’s capital and resources. For detailed pricing on each account size and funding program, prospective traders are encouraged to visit the Funded Elite website or contact their customer service.

What Is The Cost Of Joining The Funded Elite?

The Payout System of Funded Elite

Funded Elite has established a well-structured payout system that prioritizes the convenience of its traders. Here are the key components of this system:

  • Initial Withdrawal Timeline: Traders can request their first withdrawal after completing a minimum of 21 trading days since their initial trade in the funded account.
  • Processing Time: Upon making a withdrawal request, expect a maximum of 12 working days for the processing to complete and for the funds to be disbursed.
  • Subsequent Withdrawals: Following the initial withdrawal, traders can request subsequent payouts on a bi-weekly basis, aligning with their trading success and financial goals.

Funded Elite’s Legitimacy: Scam or Not?

Concerns regarding the legitimacy of trading platforms are common, but in the case of Funded Elite, it stands as a credible entity in the prop trading firm landscape. The company’s structured funding program, designed for proficient traders, and its partnership with the reputable broker Think Markets, are indicative of its commitment to fund security and trader success. However, it’s crucial to acknowledge that Funded Elite is tailored more towards traders with existing trading skills and experience. The firm’s entry costs may pose a barrier for novices or those without the capital to invest in their trading career. As such, while Funded Elite offers legitimate opportunities for growth and profit in forex trading, its model best serves traders who are confident in their trading abilities and ready to meet the challenges of its evaluation process.

My Assessment of Funded Elite Prop Firm

Funded Elite stands out in the forex market with an impressive profit share model, offering up to 80% to its traders. This generous split not only incentivizes trading success but also lays the foundation for building a passive income stream.

Profit Split: 9/10

The profit-sharing arrangement at Funded Elite is notably favorable, allowing traders to retain a significant portion of their earnings, thereby enhancing their ability to generate a sustainable income.

Scaling Opportunities: 0/10

However, one area where Funded Elite seems to lag is in providing clear scaling opportunities. The absence of such information on their website may leave traders guessing about their growth potential within the firm.

Profit Targets: 7/10

When it comes to setting profit targets, Funded Elite adopts a realistic approach. Both their one-step and two-step funding programs come with attainable goals, making success within reach for dedicated traders.

Affordability: 4/10

On the downside, the cost of entry into Funded Elite’s trading platform is slightly higher compared to other prop firms. This might pose a barrier for traders operating on a tight budget.

Trader Support: 7/10

Funded Elite prides itself on excellent customer support. The firm’s commitment to trader success is evident through the provision of professional expert guidance, aimed at ensuring traders receive the feedback they need to thrive.

Tradable Assets: 8/10

The variety of tradable assets available on the platform is commendable. This diversity not only broadens the trading horizon but also increases the likelihood of trader success.

Trustworthiness: 7/10

Trust is a cornerstone of Funded Elite’s operation. Through partnerships with trusted brokers and the accumulation of positive testimonials and ratings on credibility platforms, Funded Elite has established a solid trust foundation with its traders. In conclusion, my overall rating for Funded Elite is 7/10. While there are areas for improvement, particularly in scaling opportunities and affordability, the firm’s strengths in profit sharing, trader support, and asset diversity make it a commendable choice for forex traders.

Public Perception of Funded Elite on Trustpilot

The reputation of Funded Elite on Trustpilot is notably high, reflecting the satisfaction and positive experiences of its users. With an impressive sample of 121 reviews as of February 15, 2024, Funded Elite has managed to secure an excellent standing on this widely recognized review platform.

What Are People Saying
An overwhelming majority of 93% of reviewers have given Funded Elite a five-star rating. This level of acclaim highlights the firm’s ability to meet and exceed the expectations of its clientele, further solidifying its position as a trusted and reliable prop trading firm within the forex trading community.

What Are People Saying
This strong positive feedback on Trustpilot not only underscores Funded Elite’s commitment to providing superior trading conditions and support but also enhances its credibility among both current and prospective traders.

Concluding Thoughts on Funded Elite: A Comprehensive Review

In the competitive landscape of forex trading, Funded Elite has carved out a niche for itself as a prop firm that is deeply committed to empowering traders with the tools, capital, and support needed to succeed. With a robust framework designed to cater to both novices and experienced traders, Funded Elite stands as a beacon for those looking to navigate the forex market more effectively and profitably.

Final Considerations

The generous profit split, realistic profit targets, and an array of tradable assets highlight Funded Elite’s dedication to creating an environment where traders can thrive. Coupled with a partnership with a trusted broker and strong customer support, the firm not only ensures a high level of trust and security but also provides a foundation for traders to achieve their financial goals. However, the lack of scaling opportunities and the relatively higher cost of entry compared to other prop firms are points that potential traders need to consider. These factors, while not diminishing the firm’s overall value, do necessitate a thoughtful consideration of one’s trading strategy and financial readiness.

FAQ Highlights

The free trial offer for those who do not pass the initial evaluation phases is a testament to Funded Elite’s commitment to trader success. This, along with the firm’s global accessibility and streamlined payment system in dollars, underscores its user-friendly approach. Yet, the inability to merge accounts reflects a cautious stance towards trading capital and risk management, aligning with the firm’s prioritization of sustainable trading practices.

Solid Final Thoughts

Funded Elite emerges as a formidable prop trading firm that is certainly not a scam. It offers a legitimate and potentially lucrative platform for forex traders who are serious about leveraging their trading skills. The excellent Trustpilot ratings further validate the firm’s reputation and the high level of satisfaction among its traders. While the firm may be better suited for those with a certain level of trading proficiency and financial capability, its comprehensive support system, and transparent operating model make it a valuable partner for traders aiming to escalate their trading journey. With a careful consideration of its pros and cons, Funded Elite represents a noteworthy opportunity for traders aiming to capitalize on the forex market. As with any trading endeavor, success comes with understanding the nuances of the platform and aligning them with one’s trading goals and strategies. In conclusion, Funded Elite offers a promising avenue for those looking to expand their trading horizons, backed by a supportive and credible framework.

Funded Elite Details

Trading Platforms
Deposit Methods
Withdrawal Methods
Tradable instruments
Incorporation
Account Currencies
Brokers
Maximum Capital Allocation

Join Funded Elite and elevate your forex trading with our exclusive funding opportunities and expert guidance.

8.0
Fees
8.0
Easy of Evolution
8.0
Trading Conditions
9.0
Profit Sharing Model
8.3 Overall Rating

Leave a Reply

Your email address will not be published. Required fields are marked *

Funded Elite
8.3/10
The information provided on All Prop Trading Firms is for informational purposes only. We aim to provide comprehensive and unbiased reviews of various prop trading firms along with sharing valuable discount coupons and updates. However, we do not take responsibility for any decisions made based on the information presented on our site. Trading involves substantial risks and is not suitable for every investor. We highly recommend that you read the terms and conditions of each prop firm and conduct thorough research before engaging in any trading activities.
At All Prop Trading Firms, we believe in transparency and building trust with our audience. We would like to inform you that we have affiliate relationships with some of the prop firms listed on our site. This means that we may receive compensation if you click on affiliate links and make a purchase through these links. Please note that this does not incur any additional cost to you as a buyer. Our affiliate partnerships help us sustain our site and continue to provide valuable content to our readers.