Dive into the world of Elites Funding, where skilled traders find a haven for growth with substantial capital, flexible evaluations, and rewarding profit shares. Explore how this platform stands apart in supporting traders on their journey to forex mastery.

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Elites Funding Review: Elevating Your Trading to New Heights

Elites Funding stands out as a premier platform for skilled traders aiming to elevate their trading journey. This prop firm offers a substantial capital foundation, enabling traders to leverage more opportunities and aim for higher profits. With a commitment to offering exceptional features, Elites Funding ensures an optimized trading environment for its users.

By partnering with NATlON FX broker, Elites Funding promises the lowest spreads and commissions, setting the stage for potentially profitable trading conditions. The platform’s intuitive dashboard is designed to offer a user-friendly experience, allowing traders to easily monitor their progress and trades. Additionally, Elites Funding provides live chat support to promptly address any issues, ensuring a seamless trading experience.

How Elites Funding Works

Elites Funding has crafted a straightforward and transparent funding process aimed at unlocking traders’ full potential. Recognizing the importance of capital in achieving trading success, Elites Funding connects talented traders with the necessary capital to thrive. To access funding, traders undergo an evaluation process. Successful completion of this process results in a funded trading account, with up to 90% of profits kept by the trader. This process is characterized by its simplicity, with no hidden fees and the option for profit withdrawal at any time.

The Evaluation Process

The path to funding involves a two-step evaluation process, designed to assess a trader’s skills and profitability. Candidates can choose between the Standard Evaluation or the Express Challenge, each designed to match different trading styles and without any time limits. Upon passing, traders receive a funded account immediately, embarking on a journey of funded trading with a focus on consistent and responsible trading.

Key Benefits of Joining Elites Funding

Elites Funding aims to simplify trading while fostering a supportive community for its exceptional traders. The firm offers a low-risk environment with insured losses, various payment methods including digital currencies and traditional card payments, and a conducive environment for swing traders. Moreover, after three months of successful trading, traders are invited to scale their accounts, opening up further growth opportunities.

The payout system at Elites Funding features an attractive default ratio of 80:20, with the potential to increase to 90% through their scaling plan. Payouts are easily requested and are processed within 14 days, catering to both bank and crypto withdrawal options.

Why Opt for a Funded Account with Elites Funding?

Elites Funding offers a unique proposition for traders: a risk-free setup, ample capital for trading, and a model that fits various schedules and needs. This prop firm enables traders to focus solely on market performance without the stress of investing personal funds. With an affordable entry, Elites Funding provides traders the chance to prove themselves within a supportive community and potentially earn a monthly income through fully funded forex accounts. Choosing the right challenge type is made easy with Elites Funding, offering two distinct challenge options to cater to different trader preferences, ensuring the best trading conditions and a comfortable trading environment for all.

Maximizing Capital and Opportunities with Elites Funding

Elites Funding provides a variety of starting capital options for traders, including balances of $25k, $50k, $100k, or $200k. For those aiming higher, there’s the possibility to apply for accounts with larger balances. The firm encourages growth by offering to scale up account balances for traders who demonstrate consistency in strategy and risk management.

Trading During News Events: A Strategic Consideration

Elites Funding offers the flexibility to trade during news events across both demo and real phases in their Evaluation package. This presents a unique opportunity to capitalize on market movements. However, traders are advised to proceed with caution during such volatile periods. The rapid market movements caused by news events can lead to slippage, especially for those using large lot sizes or depending on market depth. Liquidity can be scarce during these times, increasing the risk of significant losses for those not managing their risks properly. It’s crucial for traders to adhere to drawdown rules and avoid any violations. To mitigate these risks, employing strategies such as reasonable lot sizing, cautious margin use, and avoiding news straddling is recommended. While trading the news can be lucrative, understanding and managing associated risks is key to long-term trading success.

Exploring Multiple Evaluation Accounts

Elites Funding caps the total funding a trader can receive at $300k. This limit can be reached through a single program or a combination of their Express and Evaluation programs, offering flexibility in how traders can maximize their funding potential.

Position Management Flexibility

Traders engaged in the Evaluation program with Elites Funding are not required to close their positions overnight or over the weekend, offering greater flexibility in trading strategies and holding periods.

Profit Sharing Insights

At Elites Funding, traders are positioned to receive up to a 90% share of the profits earned. Initially, traders receive an 80% profit share, but with successful scale-up, they can qualify for a 90% profit share, rewarding consistent performance and risk management.

Profit Sharing and Evaluation Targets at Elites Funding

Elites Funding offers an attractive profit-sharing model, starting with an 80% profit share for traders. As traders scale up and demonstrate their proficiency, they become eligible for a 90% profit share, maximizing their earning potential.

Aiming for Success: Evaluation Phase 1 Objectives

In the Evaluation Phase 1, Elites Funding sets a clear goal for its traders: achieve a 10% profit target. Remarkably, there is no time limit imposed, offering traders the flexibility to reach this target at their own pace, provided they adhere to the trading rules.

Unlimited Time for Phase 1 Completion

Traders undertaking Phase 1 of the evaluation have the advantage of time on their side. With no specific time frame to worry about, the focus is solely on meeting the 10% profit target by trading within the guidelines.

Advancing to Phase 2: The Automatic Transition

Upon successfully completing Phase 1, Elites Funding employs an automated system to review profits at the end of the trading day. Traders who close all trades and achieve the profit target over a minimum of five trading days will automatically progress to Phase 2, moving them closer to their funding goals.

Understanding the Consequences of the 5% Daily Loss Limit

Elites Funding enforces a strict rule to protect both the trader and the firm: a 5% daily loss limit. Breaching this limit leads to account suspension, underscoring the importance of risk management and discipline in trading activities.

Setting Goals: Evaluation Phase 2 with Elites Funding

In the journey with Elites Funding, Phase 2 of the evaluation presents traders with a new target: achieving a 5% profit. Similar to Phase 1, there is the advantage of having no time limit, allowing traders to methodically work towards this goal without the pressure of a deadline.

Timeline Flexibility in Phase 2

Continuing the trend of flexibility, Elites Funding imposes no time constraints on completing Phase 2 of the evaluation. This approach encourages a focus on strategic trading and rule adherence over racing against the clock.

Transitioning to a Funded Account

Upon fulfilling the criteria of Phase 2, including hitting the profit target and following all trading rules, traders are promptly eligible for a funded account. This milestone marks the beginning of real-world trading opportunities with Elites Funding.

Refunding the Evaluation Fee

The initial fee for participating in the evaluation challenge is refundable, but with conditions. Traders must progress to Phase 3, the Real Live account stage, and complete a minimum of 10 trading days in this phase. The refund is then processed alongside the first payout, aligning financial incentives with trading success.

Initiating Your First Payout

Payouts commence at the Phase 3 funded account stage. To be eligible for a payout request, traders must complete at least 10 trading days on their funded account. This structure ensures that traders are not only successful in their evaluation but also actively engaging and proving their strategies in the real market.

Payout Frequency and Process

At Elites Funding, once a payout is requested, the process takes approximately 14 days for the financial team to transfer the funds to the chosen withdrawal method. It’s important to note that traders must wait for one payout to be completed before requesting another, ensuring a systematic and orderly payment process.

Freedom in the Funded Account

Becoming an Elite crown trader by completing Phases 1 and 2 marks a significant transition at Elites Funding. With the real funds received, traders enter a stage where there are no set profit targets. This milestone allows for the freedom to trade and generate as much profit as possible without the constraints of predetermined goals.

Profit Sharing in the Funded Account

Upon entry into the funded account phase, traders start with an 80% profit share. The opportunity for financial growth doesn’t stop there; with the first account scale-up, traders become eligible for an even more lucrative 90% profit share, enhancing the rewards of successful trading strategies.

Maintaining Risk Management Rules

In the funded account phase, adherence to risk management rules remains crucial. Traders are required to follow the 5% daily loss limit to safeguard against significant downturns. Additionally, a 10% overall loss limit rule is in place to further enforce disciplined trading and risk mitigation, ensuring the longevity and sustainability of the trading account.

Verification Process for Elites Funding Traders

Before accessing a real account or receiving any payouts, Elites Funding mandates the submission of specific documents for identity verification. Required documents include a photo of a National ID, Passport, or Driving License, alongside a recent utility bill, phone bill, tax document, or bank statement. These documents can be sent to kyc@elitesfunding.com, facilitating a secure and efficient verification process.

Handling Profits from Suspended Live Accounts

In instances where a funded account is suspended while in profit, traders may be entitled to 50% of the profits earned, provided certain conditions are met. These conditions include ensuring all real account trades have a stop loss (SL) in place and not losing more than 1% of the account size on any single trade. Compliance with these criteria allows traders to request their 50% profit share within seven days of the account suspension.

Understanding DBDD Violations

DBDD, or Daily Balance Drawdown Detected, indicates a breach of the rule preventing more than a 5% loss of the day’s starting account balance. This rule also applies to equity, meaning if open trades drop to -5% of the starting balance, the account faces closure. Traders can monitor their permissible daily loss through the member area, ensuring adherence to this crucial risk management parameter.

Clarifying OEDD Violations

OEDD, or Overall Equity Drawdown Detected, signifies that the equity (including open trades) has declined to -10% of the initial account balance. Such a drop triggers the closure of both the trades and the account, underlining the importance of vigilant risk management to prevent reaching this threshold.

Explaining OBDD Violations

OBDD, or Overall Balance Drawdown Detected, occurs when the account balance falls to -10% of the initial deposit, leading to account termination for violating this rule. Understanding and avoiding OBDD violations is critical for traders looking to maintain their account’s longevity and success within Elites Funding.

Final Thoughts: Elites Funding Review

Elites Funding emerges as a distinguished platform within the forex prop trading landscape, catering to skilled traders seeking to amplify their trading prowess with substantial capital. Through its strategic partnership with NATlON FX broker, competitive spreads, and commissions, alongside an intuitive dashboard and robust live chat support, Elites Funding sets a high standard for trader support and engagement.

The prop firm’s evaluation process, characterized by its flexibility and absence of time limits, underscores a commitment to fostering trader success on an individual timeline. With up to a 90% profit share post-evaluation, Elites Funding not only incentivizes outstanding trading performance but also provides a clear path for traders to scale their operations and financial gains.

The policy of insured losses, various payment methods, and support for swing trading further exemplifies the tailored trading environment that Elites Funding aims to provide. However, it’s the rigorous adherence to risk management rules, including the DBDD, OEDD, and OBDD violations, that truly delineates the platform’s commitment to sustainable trading practices. Coupled with the requirement for document verification before accessing real accounts or payouts, Elites Funding maintains a high level of integrity and security within its operations. In conclusion, Elites Funding stands out as a beacon for traders looking to transcend the usual boundaries of forex trading through a well-structured, supportive, and growth-oriented platform.

Whether it’s through the provision of substantial trading capital, the freedom to trade without set profit targets in funded accounts, or the structured risk management policies, Elites Funding is poised to elevate the trading journeys of its members to new heights of success and profitability.