2-Step Standard Challenge

1-Step Standard Challenge

Elite Challenge

Elite Now (instant funding)

2-Step Standard Challenge

• Phase 1: Minimum of 3 trading days with a profit of 0.5% of the initial balance.
• Phase 2: Minimum of 3 trading days with a profit of 0.5% of the initial balance.

1-Step Standard Challenge

• Each Step: Minimum of 3 trading days with a profit of 1% of the initial balance.

Elite Challenge

• Phase 1: Minimum of 3 trading days with a profit of 1% of the initial balance.
• Phase 2: Minimum of 3 trading days with a profit of 0.5% of the initial balance.

The Instant Now Challenge is an instant funding program that does not require an evaluation. The program has a strict profit split policy, structured as follows:

• First Payout: The profit split starts at 60%.
• Second Payout: The profit split increases to 70%.
• Third Payout: The profit split further increases to 80%.
• Fourth and Subsequent Payouts: The profit split can reach up to 95% with a paid add-on.

Payouts are biweekly, provided that all program rules are properly respected.

If there is a serious violation of our rules, this is a violation that entitles us to remove you
from the ongoing challenge or live account, close all your accounts, and forfeit all your
profits.
We manually review each case after a user is flagged by the automatic system. An interview
or additional proof may be required from the user.

1. HFT and High-Frequency Scalping:

2. One-Sided Betting:

3. Tick Scalping:

4. Account Sharing and Account Management:

5. Hedging:

6. Latency Arbitrage:

7. Passing Services:

8. Server Spamming:

1. Use of EAs (Expert Advisors):

2. Grid Trading:

3. Hedging:

4. Martingale:

5. News Trading:

6. Copy Trading:

7. Weekend Holding:

2-Step Challenge Account

1-Step Challenge Account

Elite Challenge

Elite Now Challenge

Yes, you can check the available leverages in the table provided below. This should give you a clear overview of the leverage options we offer.
Yes, you can check the available leverages in the tables provided below.

Standard Challenge :

LEVERAGE

Elite Challenge :

LEVERAGE

Elite Now Challenge :

LEVERAGE

The live stage is a phase where traders no longer have specific profit targets. They only need to follow the drawdown rules and trading rules. To reach the live stage, traders must clear all previous phases: either 2 phases in the 2-step challenge or 1 phase in the 1-step challenge and Elite Challenge.

Once all phases are cleared, the trader will receive a congratulatory email indicating they have reached the live stage. To have their live stage account set up, they must:
1. Complete the KYC
2. Sign the Live Account Contract
Both tasks can be found on our dashboard.

All live stages have a trading cycle of either 21 days, 14 days, 7 days, or no trading cycle.
After completing the cycle and respecting all rules, the trader can request a payout, which is the payment of the demo profits made so far on the live account.

Examples:
1. Successful Completion:
Trader completes all phases, respects all trading rules, completes KYC, and signs the live contract. They receive the live stage account.

2. Rule Breach:
Trader passes all phases but breaks trading rules. The live account is not issued, and they must purchase another challenge.

3. Incomplete KYC or Contract:
Trader passes all phases but cannot complete KYC or the live contract. We cannot provide the live account.

4. Payout Request with Rule Breach:
Trader passes all phases, completes KYC and contract, receives the live
phase account, completes the trading cycle, and requests a payout. However, if they breach a trading rule, the payout will not be issued, and the live account
will be closed.

5. Change in Activity:
Trader reaches the live stage but changes their activity drastically (e.g., different IPs, trading devices, styles, and risk). They might be asked to complete a risk assessment interview before the payout is released. If all is in order, the payout proceeds; otherwise, the trader is asked to adhere to their usual trading style, or their account may be blocked.

Funded Elite is the first prop firm to offer the “second chance” feature for free to every participant, applicable exclusively during the evaluation phases of Standard Challenges (either 1-Step or 2-Step), and just once per challenge bought. If you breach your account during the first or second phase, you can start again fresh from the first phase. However, this second chance is not available during the elite/live trading phase. Each challenge you purchase includes this unique benefit, emphasizing our commitment to supporting and educating our traders.
Adjustments to Challenge Limits:

Two-Step Challenge Accounts:

One-Step Challenge Accounts:

Live Stage Adjustments:

Example 1: Two step
If you start with $100,000, the daily drawdown limit will be $3,000 instead of $5,000,
while the total drawdown limit remains $10,000 on the new account.

Example 2: Two step
Trader breaches during the second phase. They receive a second chance account starting
from phase 1 with a 3% daily drawdown. If they pass phase 1 and move to phase 2, the
second phase will also have the 3% daily drawdown. Upon reaching the live stage, the
adjusted drawdown limits will continue to apply.

Example 3: Utilizing Second Chance
Trader breaches their account during the first phase. They automatically restart from
the first phase with adjusted drawdown limits.

Example 4: Not Available in Live Phase
Trader breaches their account during the live phase. The second chance is not
applicable, and they must purchase a new challenge.

Trading Days refer to the minimum number of days a trader must be active in the market. To
count as a trading day, a trader must complete at least one trade during the course of the
day, with any position size.
Example 1:
To have 5 trading days, a trader must open at least one position on 5 different days.
For instance, a trader opens one trade on Monday, Wednesday, Friday, the following
Monday, and Wednesday. This satisfies the requirement of 5 trading days, even
though they are not consecutive.
Profitable Days are specific days where the trader achieves a certain profit target.
Example 2:
If the trader must have 3 profitable days of 1%, it means reaching 1% profit ($1,000
on a $100k challenge) on 3 different days. These days don’t have to be consecutive. If
the trader reaches $108k (8% profit) but never makes more than 0.7% in a day, they
must continue until they have 3 days with 1% profit each.
Example 3:
For a challenge requiring 5 profitable days at 0.5%, the trader must achieve 0.5%
profit ($500 on a $100k challenge) on 5 different days. These days don’t have to be
consecutive.

1 Step Challenge:

Phase 1: 3 profitable days at 1%
Phase 2: 3 profitable days at 0.5%
Live Phase: 3 trading days

2 Step Challenge:

Phase 1: 3 profitable days at 0.5%
Phase 2: 3 profitable days at 0.5%
Live Phase: 3 trading days

2 Step Elite Challenge:

Phase 1: 3 profitable days at 1%
Phase 2: 3 profitable days at 1%
Live Phase: 3 trading days

Elite Now:

Live Phase: 5 trading days

Daily Drawdown and Total Drawdown are critical parameters that traders must respect to
avoid disqualification.
Daily Drawdown: The maximum loss allowed in a single day.
Total Drawdown: The maximum loss allowed overall, calculated from the initial
balance.

Example 1: Initial Drawdown Limits
A trader starts with a $100,000 balance in a 2-Step Challenge with 5% daily drawdown and
10% total drawdown. The daily drawdown limit is $5,000, and the total drawdown limit is
$10,000.

Example 2: Profit During the Day
If the trader makes a $3,000 profit during the day, the daily drawdown remains at $95,000,
providing a buffer. The daily drawdown stays at $95,000 with an increased limit of $8,000
instead of $5,000.

Example 3: Profit After Daily Reset
If the trader ends the day with a running profit of $3,000, the new day’s drawdown limit will
be recalculated from the highest equity point. So, with $103,000 as the starting point, the new
daily drawdown will be $98,000, while the total drawdown remains at $90,000.

Profit Target is the profit that must be made on the demo accounts we provide for traders. To
be considered profit, all positions in positive must be fully closed, and the balance must
update to reach the correct profit target (e.g., 5%, 8%, 10%).

Example 1: Passing the Phase
A trader starts with $100,000 and reaches $108,000 (8% profit target) with all positions
closed and no running trades. Since all parameters are respected, the trader will receive the
second phase account.

Example 2: Not Passing the Phase
A trader reaches a $108,000 balance but still has positions running. The trader must close all
positions and maintain the $108,000 balance before progressing to the next stage.
The dashboard, accessible at tech.fundedelite.com, shows these parameters in real-time,
updating every 60 seconds.

To participate in the Funded Elite Trading Challenge, you must first understand whether your
challenge has one phase or two phases. Each challenge type has specific criteria for passing,
but all challenges require you to:
1. Achieve the Profit Target
2. Avoid Daily Drawdown and Total Drawdown
3. Complete Minimum Trading Days or Profitable Trading Days
4. Respect Our Trading Rules
These parameters can be easily monitored from your dashboard, updated live within a
maximum of 60 seconds.
Access the dashboard at tech.fundedelite.com using the custom login details you set up after
your first purchase.

1 Phase Challenge:

2 Phase Challenge:

The Funded Elite Trading Challenge is an evaluation program designed to assess and enhance
your trading skills using demo accounts. This structured program helps identify skilled traders
who can access demo accounts funded with virtual money and earn rewards based on their
performance.
We offer four types of Funded Elite Challenges:

The time on our platform server is based on UTC (Coordinated Universal Time). The dashboard’s countdown
and 24-hour reset occur at 22:00 UTC, which corresponds to 23:00 CET (Central European Time) during
standard time.
Examples of Different Time Zones:

UTC (Coordinated Universal Time):
– Countdown/24-hour reset at 22:00 UTC.

CET (Central European Time):
– During standard time, the reset is at 23:00 CET.
– During daylight saving time (CEST, Central European Summer Time), the reset is at 00:00 CEST (midnight).

EET (Eastern European Time):
– During standard time, the reset is at 00:00 EET (midnight).
– During daylight saving time (EEST, Eastern European Summer Time), the reset is at 01:00 EEST.

EST (Eastern Standard Time):
– During standard time, the reset is at 17:00 EST.
– During daylight saving time (EDT, Eastern Daylight Time), the reset is at 18:00 EDT.

Summary:

Winter Time:
CET: 23:00
EET: 00:00
EST: 17:00

Summer Time:
CEST: 00:00 (midnight)
EEST: 01:00
EDT: 18:00

These settings are used to ensure that the closing of a daily bar corresponds to the New York trading closing
time (17:00 EST). This alignment helps provide consistency and clarity for all users regardless of their local time
zones.

Account rolling is a form of trading that closely resembles gambling. In this approach, traders purchase multiple
trading challenge programs, trade aggressively or recklessly, and hope to complete some of them. The idea is
that whenever they blow up an account through such aggressive or reckless trading, they can switch to another
and continue in the same manner, believing that eventually, their “strategy” will pay off, leading to a huge
profit.
Reasons We Do Not Accept Account Rolling:
Principles of Sensible Trading:
-Account rolling goes against the principles of sensible and responsible trading that we promote. It encourages
reckless behavior rather than thoughtful and strategic trading.

Quality of Trading Data:
It is very hard for us to utilize any trading data from such an approach. The data derived from aggressive and
reckless trading does not contribute to the development of robust trading strategies.

Integrity of the Trading Environment:
Although this technique does not slow down our servers or harm other traders, it undermines the integrity of
our trading environment. We aim to foster a community of traders who engage in responsible and
well-planned trading activities.

Our Commitment:
We are committed to maintaining a high standard of trading practices and ensuring that our platform supports
the growth and success of traders who adhere to sensible trading principles. This is why we have implemented
an anti-gambling policy and do not accept account rolling.
By adhering to these principles, we ensure a fair and productive trading environment for all our users.

After purchasing your challenge, you will receive two important emails to help you set up and start your trading
journey.
Dashboard Access Email:

Trading Platform Account Details Email:

Yes, we have an inactivity rule. If your account remains inactive for 29 days without a single trade placed, it will
be terminated. This rule is in place to ensure active engagement and efficient use of resources.
Details:
We encourage regular account activity to keep your account operational. Make sure to open or close at least
one trade every 29 days to keep your account active.
We incur significant running costs for account opening, account maintenance, and hosting users on our dashboard servers. Therefore, we ask our traders to remain active or to contact us if they need to pause their
accounts for reasons such as health problems, personal reasons, or technical issues.
Account Recovery:
If no contact is made and the account is terminated due to inactivity, it cannot be recovered unless the trader
pays a small fee to cover the associated costs.
We appreciate your understanding and cooperation in maintaining active engagement with your account.

For the vast majority of users, we do not copy trades to live funds. However, we reserve the right to hedge
the positions of our traders on specific pairs to ensure proper risk management and coverage of trader
exposure.
Risk Management:
We implement stringent risk management practices to prevent bad actors from exploiting our services.
Our trading strategies are designed to minimize risk and do not rely excessively on any single trader. This allows
individual traders to execute their unique strategies while maintaining overall system integrity.
Data Usage and Privacy:
We may sell trading data or trading activities to third-party companies, while strictly maintaining privacy and
GDPR compliance.
Our commitment to privacy ensures that all data sharing is conducted within legal and ethical guidelines.
Opportunities for Traders:
We offer the possibility for consistently successful traders to join a live trading floor or transition to A-book live
capital accounts, provided they meet specific conditions.
Building a successful trading system requires extensive data collection, thorough analysis, and ongoing
refinement. By continuously expanding our trader base and data depth, we enhance our trading algorithms and
support the development of data-driven strategies.

Our risk department is dedicated to ensuring the integrity and security of our platform by thoroughly
investigating all our clients. We employ a combination of automated systems and manual reviews to monitor
and analyze various activities and behaviors.
Monitoring and Tracking:
Our automated system tracks all activities performed by our traders. This includes trading behavior, potential
trading cheating, risky practices, and prohibited practices.
We also monitor account sharing, IP sharing, IP activity, and device activity.
Compliance Checks:
We perform checks related to KYC (Know Your Customer) fraud, AML (Anti-Money Laundering) practices, and
detecting money mules.
These practices are standard in the financial industry and essential for adhering to strict KYC and AML
regulations.
Manual Review and Verification:
While the initial flagging is done automatically, our risk department manually reviews and confirms all flagged
activities.
We prioritize the presumption of honesty and engage with clients to gather additional information when
needed.
Decisions are made carefully, based on a comprehensive view and sufficient evidence.
Consequences of Fraudulent Activity:
Users caught cheating or committing fraud will face severe consequences, including account closure,
blacklisting from our services, and sharing of personal and activity details to relevant authorities.
Our commitment to maintaining a secure and compliant platform means we take these processes seriously to
protect our community and adhere to industry standards.

Due to international legal requirements and to maintain a secure trading environment, FundedElite imposes
restrictions on specific countries for our various trading accounts.

Restricted Countries:
Individuals residing in or trading from the following countries are prohibited from accessing any of our
accounts:
Iraq, Cuba, Iran, North Korea, Lebanon, Libya, Crimea, Donetsk and Luhansk regions of Ukraine, Somalia

Additional Restrictions for Specific Account Types:
MT5 Accounts:
In addition to the above, individuals from the USA are also restricted.
cTrader Accounts:
Individuals from the USA face additional restrictions.
FundedElite remains committed to adhering to all international legal requirements, ensuring a safe and
compliant trading environment for all our users

FundedElite operates exclusively with virtual capital in all our accounts, making us exempt from regulatory
requirements as we do not provide live funds to clients at any time.

We proactively track all relevant regulations to ensure compliance with necessary legal standards.

It’s important to note that FundedElite does not accept deposits from clients and does not offer financial
services.

The waiting period for commissions may vary, but it’s usually to ensure that referred clients don’t cancel or request refunds shortly after signing up. Once the waiting period is over, you’ll receive your commissions.

There is typically no limit to the number of referrals you can make. You can refer as many clients as you like and earn commissions on their activities.

Yes, we provide a range of promotional materials such as banners, text links, and marketing creatives that you can use to promote Funded Elite effectively.

Yes, there may be a minimum payout threshold that you need to reach before receiving your commissions. This threshold may vary based on your chosen payout method.

You can choose your preferred method through Rise. To check all available methods, please visit riseworks.io.

The commission structure may vary, and you can find the most up-to-date commission rates in your
affiliate dashboard or on our affiliate page. Typically, commissions are based on the referrals’
payments and activities.

You can refer clients by sharing your unique affiliate link through your website, blog, social media, email, or other promotional channels. When someone clicks on your link and signs up for a Funded Elite challenge, you’ll earn commissions.

To join the Affiliate Program, you can visit our Affiliate Program page on our website and sign up. Once registered, you will gain access to your affiliate dashboard, where you can find your unique referral link and promotional materials. If no dashboard is avaiable, please feel free to contact us to receive your unique referral link.

The Affiliate Program allows traders to earn commissions and offer discounts by referring clients to Funded Elite.

There are typically no restrictions on payouts. You have the flexibility to manage your payouts as needed, subject to any applicable withdrawal fees or processing times.

All your payouts will be accepted and processed as fast as possible as long as you have not violated any rules.

Funded Elite may offer special incentives or bonuses to traders who consistently perform well in their challenges. Keep an eye on our announcements and promotions for opportunities to earn extra rewards.

As a funded elite trader, you are treated as an independent contractor responsible for paying taxes based on your location and applicable tax laws.

We process all payouts through Rise, which offers many different methods, including but not limited to bank transfers, coins, and others. To check all available methods, please visit riseworks.io.

After meeting the payout requirements (minimum 21 days), we aim to process and issue rewards within 24 to 72 hours. After the first payout, you will be updated to bi-weekly payouts.

In our commitment to support our traders through every step of their journey, we’re excited to introduce an automatic and immediate Second Chance Account feature. This benefit is available once for each challenge purchased, at no additional cost to you! However, please note the following adjustments to the challenge limits:

1. Two-Step Challenge Accounts:
   • The daily loss limit will be adjusted from 5% to 3%. However, the total allowable drawdown will remain unchanged.
2. One-Step Challenge Accounts:
   • The total allowable drawdown will be adjusted from 8% to 6%. The daily loss limit will remain unchanged.

It’s important to note that these adjusted limits will apply not only to your Second Chance Account but will also continue through to the Elite Phase.

These changes are designed with your success in mind, aiming to provide additional opportunities while maintaining the integrity and sustainability of our trading community. We believe these adjustments will further support your trading strategy and risk management, enhancing your pathway to the Elite Phase.

In cases where we observe that a challenge has been passed through a very limited number of trades, which is often associated with a high risk of hedge trading between different proprietary firm accounts, or by utilizing trading strategies with not allowed Expert Advisors (EAs)—specifically, hidden EAs or high-frequency scalping EAs—we will transition the associated live account to an “evaluation” status. During this period, the leverage available to the trader will be reduced to 1:30. This measure is implemented to mitigate excessive gambling or risk to our company, as we are unable to replicate these trades on live accounts.

It’s important to note that when clients employ prohibited trading strategies, we directly close their accounts. However, when we find irregularities that don’t explicitly breach our rules but still present concerns, we adopt the evaluation approach.

A trader under evaluation is required to demonstrate consistent trading practices. Upon achieving this, and at the time of their third payout, the trader’s account will be reinstated to the normal leverage level. This policy is in place to ensure both the integrity of our trading environment and the safeguarding of our company’s interests.

Funded Elite is committed to transparency. There are absolutely no hidden rules when you join our program. Every essential detail you need to know can always be found right here in our FAQ section.

If you encounter technical issues, such as platform outages or data feed disruptions, please reach out
to our support team immediately. We will work to resolve the issue promptly and ensure it doesn’t
affect your challenge progress.

No, we do not impose a specific time limit on how long you can hold a trade in any of our programs. However, please note that excessively short holding times may be flagged as High-Frequency Trading (HFT) Ex- multiple trades under the 30 – 60 -120 -180 sec mark, which is strictly prohibited, depending on the trader account history and operation behavior.

While not mandatory, we strongly recommend using stop losses in the Sim environment. A stop loss helps safeguard your virtual capital, limits potential losses, and provides a predefined exit point. It’s a responsible risk management practice that promotes disciplined trading and long-term success.

Understanding our drawdown Challenge Parameters:

One-Phase Challenges:

• Daily Drawdown:> 3%
• Total Drawdown:> 8%

Two-Step Challenges:

• Daily Drawdown:> 5%
• Total Drawdown:> 10%

Please note the daily drawdown is dynamic and adjusts relative to your account’s performance, while the total drawdown is static and firmly set based on your initial balance.

Static Drawdown Example with a $100,000 Balance:

Imagine you start a Two-Phase Challenge with an initial trading balance of $100,000.

Daily Drawdown: In this challenge, your daily drawdown limit is 5%. For a $100,000 account, this means your daily drawdown limit is set at $95,000. You cannot lose more than $5,000 (5% of $100,000) in a single trading day. If your account balance decreases by $5,000 or more in a single trading day, you would reach the daily drawdown limit for that day.

Total Drawdown: Now, the total drawdown limit for this challenge is 8%, based on your initial balance of $100,000. This implies that you cannot incur losses exceeding 8% of your starting balance throughout the entire challenge. Your total drawdown limit is fixed at $8,000 (8% of $100,000). This limit ensures that you won’t lose more than $8,000 in total during the entire challenge period, irrespective of how your account balance fluctuates.

Profit Consideration: It’s crucial to understand that if you initially make a profit, for example, increasing your balance to $105,000, and then experience losses that bring your balance back to $100,000, these losses will count toward the daily dynamic drawdown limit. The total static drawdown limit is set at $90,000, ensuring the account maintains stability. Profits earned are subject to the dynamic daily drawdown limit, which adjusts based on the higher of the closing balance or equity.

Rest assured, we are committed to providing a transparent and fair trading environment for our traders. If you have any questions or need further clarification, feel free to reach out.

Here is our scaling plan:

1. Initial Funded Stage:
   • Eligibility: Only for traders in the funded stage, not during evaluation.
   • Initial Balance: Set at the start (e.g., $100,000).
   • Profit Split: 80% to the trader.
   • Payout Frequency: First payout after 21 days, then biweekly.
   • Maximum Drawdown: Defined initially (e.g., 10% of initial balance).
2. Balance Increase Stage:
   • Condition: Every 3 successful payouts.
   • Balance Increase: 10% after every 3 payouts (e.g., $100,000 becomes $110,000 after 3 payouts, $121,000 after 6 payouts).
3. Enhanced Profit Split Stage:
   • Condition: After 5 successful payouts.
   • New Profit Split: Increases to 90% for the trader.
4. Increased Payout Frequency Stage:
   • Condition: After 7 successful payouts.
   • New Frequency: Weekly payouts (previously biweekly).
5. Drawdown Increase:
   • Condition: Alongside balance increase.
   • Increase: 1% additional total drawdown after every 3 payouts, up to a cap (e.g., from 8%-10% to 14%).

Key Points:

• Scaling Limits: Conditional on maintaining performance and adhering to guidelines
• Drawdown Cap: A limit on maximum drawdown increase for risk management.
• Evolving Parameters: As balance grows, drawdown parameters adapt for larger position
  management.

Trading challenges are structured tasks with specific goals and metrics that traders must complete to advance in order to obtain simulated live accounts.

We do not restrict trading styles and allow various strategies, including edging, grid trading, Martingale, and more.

Some strategies are prohibited, such as account sharing, HFT, algorithmic trading and delayed data feed usage.

Yes, we enable weekend holding of positions in our trading challenges.

Yes, you can copy trade, but it’s important to ensure that you’re only copying from accounts that are owned by you, even if they’re across different platforms. This maintains compliance with our policies.

The accounts are not swap free

Yes, it is possible to use a VPS/VPN with our platform. Please make sure to inform us at support@fundedelite.com before using it so a team member can take note of your IP and tie it to your account. This is crucial for us to exclude IP breaches, account managing, and other security concerns.

Absolutely, we do allow all strategies, including the Martingale strategy. However, it’s important to note that we strictly prohibit any fraudulent use of our platform or any activities that violate our terms of service. We encourage responsible and ethical trading practices at all times.

Yes, you may use your own EA. However, please be aware of our copy trading rules and potential
server “hyperactivity.”

Yes, you are able to trade news events within our trading challenges.

Funded Elite provides you with access to a comprehensive dashboard where you can monitor your trading progress, view performance metrics, and track your journey toward becoming an Elite Funded Trader.

We’re committed to ensuring a secure and fair trading environment for all traders. To enhance simplicity and security, we recommend using a single device with a unique IP address.

For traders on the move, your account will reflect the IP address of your current location. Just provide a valid document validating your journey to a new location.

Caution is advised against maintaining multiple accounts from similar IPs or using similar trading strategies across multiple accounts with identical IP addresses – these actions violate our policies.

When using a VPS for trading and occasionally logging in with a personal device, make sure to verify ownership of the VPS IP address.

In the event of policy violations related to multiple IP addresses, consequences may include a warning accompanied by profit deduction. While an account reset may occur, if your account isn’t in profit, no reset will take place. In severe cases, account termination without profit share is possible.

Our measures aim to prevent copy trading, account sharing, arbitrage, and other exploitative activities. We envision a trading community where members refrain from using multiple devices or trading styles deemed unethical.

At Funded Elite, we prioritize platform security. We encourage all traders to adhere to our evolving policies and guidelines, contributing to a secure and ethical trading environment. For inquiries or concerns, reach out to the Funded Elite Support Team at support@fundedelite.com

Yes, there are distinctions based on the account type:

• Giveaway or Free Accounts: For any giveaway or other free accounts provided, there is a payout cap of 2%. This means traders can request a maximum payout of 2% of the initial balance at each payout interval.
• Purchased Accounts: Upon purchasing an account and reaching the Elite stage again, this payout limit is reset. Traders in the Elite stage enjoy the absence of a specific profit cap, aligning with the intended realistic trading experience.

Please be advised that an exception applies to the initial profit split for participants who successfully pass our evaluation and advance to the Elite stage by utilizing our ‘second chance’ feature. Under these circumstances, the first profit distribution will be allocated at a rate of 50%, in contrast to the standard 80% rate. Following this initial payment, the profit split will resume at the standard rate of 80%.
These rules are devised to propel traders towards sustainable growth, sharpening their focus on strategic trading, risk management, and the fulfillment of phase-specific requirements.

In the Elite phase at FundedElite, there is no specific profit target set for our traders. This stage is crafted to emulate real-world trading conditions, offering traders the opportunity to maximize their earnings potential without an imposed upper limit. Nonetheless, it’s important to adhere to the following guidelines:

Daily Drawdown Limit:

• For 2-step challenge accounts: Traders must not exceed a 5% daily drawdown.
• For 1-step challenge accounts: A more conservative 3% daily drawdown limit is applied.

Maximum Loss Limit:

• For 2-step challenge accounts: The maximum loss threshold is set at 10% of the account balance.
• For 1-step challenge accounts: The maximum loss cannot surpass 8% of the account balance.

Payout Period:

A minimum of 14 calendar days from the date of the first trade is required to pass before a trader can request the first payout.

Profit Split:

Traders are entitled to an 80% share of the net profits realized in their Elite phase account trading activities.

For Elite stage client accounts, traders can strive for unlimited profits as there are no specific profit targets imposed.

Please be advised that an exception applies to the initial profit split for participants who successfully pass our evaluation and advance to the Elite stage by utilizing our ‘second chance’ feature. Under these circumstances, the first profit distribution will be allocated at a rate of 50%, in contrast to the standard 80% rate. Following this initial payment, the profit split will resume at the standard rate of 80%.

During Evaluation Phase:

To successfully complete the evaluation phase, traders are required to engage in a minimum of 5 trading days. This entails opening positions on 5 distinct calendar days. While there are no specific constraints on position size or holding duration during these days, it is essential to ensure that trades are initiated across the stipulated 5 days. Even if the profit target is achieved before the completion of 5 trading days, the trader must fulfill the requirement of trading on 5 separate days.

During Elite Phase:

In the elite phase, traders are expected to demonstrate a higher level of consistency and strategic trading. To prevent one-sided betting, hedging across different proprietary firms and accounts, and to discourage high-frequency trading (HFT) or scalping, specific criteria must be met. Traders need to trade for a minimum of 5 days, and these days will only be considered valid if the maximum lot size used on the account is consistently employed. Holding positions for just a few seconds to close them will be categorized as HFT or scalping and is not permitted.

You can contact our customer support team through our contact page, writing an email to support@fundedelite.com, or by using the live chat feature on our website. Our dedicated support team is available to assist you with any questions or concerns.

To stay informed about our latest news, updates, and promotions, you can subscribe to our
newsletter or follow us on social media platforms like Facebook, Twitter or Instagram.

We take data security seriously and employ industry-standard security measures to protect your
personal and financial information. This includes encryption, secure payment processing, and regular
security audits.

No, Funded Elite is not a regulated broker, and we do not take capital from clients or offer investment services.

We are a technology company that provides digital credentials to trading challenges as our primary product. These credentials offer access to demo accounts provided by third-party partner brokers, which simulate real market conditions. We analyze, utilize, and may sell the trading data provided by our clients for various purposes, including possible replication in our own trading accounts and sharing with third parties.

Funded Elite (Quantum SRLS) is based in Latina, Italy. Our headquarters are situated in Latina, and we operate in accordance with the laws and regulations of Italy. We are proud to serve traders worldwide from our established base in Latina, providing opportunities and support for traders globally

Yes, we are committed to our business and aim to become a leading prop trading firm. We value our customers’ trust and support in building something innovative.

Please be careful not to create multiple accounts through various registrations, as this is not permitted. If we discover identically traded strategies, IPs, or wallets, we reserve the right to suspend those accounts in accordance with the terms of the contract. It is essential to adhere to our policies to maintain a fair and secure environment for all users. If you have specific concerns or require clarification, feel free to contact our support team for assistance.

Your initial account fee is eligible for a refund based on your performance in our trading challenges.

Without Second Chance: If you pass our challenges on your first try, your initial fee will be refunded with your third payout. With Second Chance: If you’ve used our “Second Chance” feature and received a free retry, the fee will not be refunded. This extended period allows us to ensure that your trading style and risk management are consistent with our standards.

We believe in rewarding our traders for their skill and dedication. Our refund policy is crafted to encourage and celebrate your success within our program.

You get a “second Chance” opportunity to retake the challenge and learn from any setbacks (Only valid for standard 1 & 2 step account).

To become an Elite Funded Trader, successfully complete both phases of your chosen trading
challenge to become an Elite Funded Trader.

Challenge Phase I & Phase II Accounts: Challenge Phase I and Phase II accounts cannot be merged.
Each phase represents a distinct stage of your trading journey.

Live Accounts: Live accounts can be merged up to a total capital limit of $600,000 USD.

After successfully completing Phase 1 of the challenge, you will receive a Phase 2 account immediately. This swift transition allows you to continue your trading journey without delay. In the case of passing Phase 2, you can expect to receive a live trading account within 1 business day.

Our team works diligently to ensure a seamless progression as you advance in the challenge. We
prioritize efficient account provisioning to minimize interruptions and empower you to demonstrate
your trading skills on the next level.

Should you have any questions or require further assistance during this process, our support team is
readily available to assist you

For security and compliance reasons, we advise to use credit cards that are registered in your own name.

Using a credit card in your own name ensures a smoother payment process and helps prevent potential complications with transactions. We prioritize the security and integrity of financial transactions to protect both our traders and our platform. We appreciate your understanding and cooperation in adhering to this policy to maintain a secure and transparent payment environment.

Currently, Funded Elite does not offer a free trial. However, we have plans to introduce a free trial option in the future.

We are committed to enhancing our services and ensuring our community members have the opportunity to experience Funded Elite firsthand.

Rest assured that once the free trial becomes available, we will promptly inform our community through notifications and updates.

The fee serves as a trader motivation to treat the account carefully as it should be. The fees also help us cover the website and technology expenses, which enable our clients to have track of all the account’s movements. It is a small percentage compared to the account size we give our clients; it is the only potential loss our traders have.

Once your payment for an evaluation plan is confirmed, you will receive login details via email to access the evaluation.

Please note that due to the program’s instantaneous nature, all sales are final upon receiving these login credentials, and refunds will not be issued.

In certain cases, if you contact us early, and no trading activity has occurred on the evaluation account, we may consider exceptions and work with you to provide a refund. Contact our live support for assistance in such scenarios.

To progress to Live Simulated Accounts and complete the verification process, you will need to provide the following documents:

• Proof of identity (front and back of I.D. card or passport)
• A selfie holding your ID or passport

Please ensure that you use your legal name, as it appears on your ID or Passport when signing up (no nicknames or call signs). Using your current address is also crucial, as KYC documents will be matched to what is on file.

It’s important to note that verification is not required until you reach the Simulated funded stage of your challenge.

No, the capital provided in the accounts is virtual, not real money. However, all trades are conducted under real market conditions.

Yes, you can sign up for multiple challenges, with a total account funds limit of $600,000 USD.

We accept all major method of payments, please see our checkout to select most suitable one fro you

At FundedElite, we offer our users the flexibility to purchase an unlimited number of challenges. This approach is designed to cater to a wide range of trading strategies and preferences. However, there are some important limitations and geographical restrictions you should be aware of:

Maximum Allocation for Live Funded Accounts: While you can purchase as many challenges as you wish, the total allocation for live funded accounts is capped at $600,000. This means that, regardless of the number or type of challenges you complete, the combined value of your live funded accounts cannot exceed this amount.

Geographical Restrictions: Due to specific regulatory and compliance requirements, traders from certain countries are subject to different limits or are not permitted to participate in our challenges. These are as follows:

Vietnam: Traders can only purchase challenges up to $100,000.
Pakistan: The limit for traders is set at $100,000.
Banned Countries: We do not allow participation from traders in Iraq, Cuba, Iran, North Korea, Lebanon, Libya, Crimea, Donetsk and Luhansk regions of Ukraine, and Somalia.

It’s crucial to manage your investments within the stipulated limits. If you exceed the $600,000 maximum allocation for live funded accounts, you will not face disruption to your existing accounts. However, you will not be able to add to these accounts until the total allocation is brought back within the limit.

The spread in our platform is virtually non-existent. We offer an extremely tight spread, with a maximum of 0.01 to 0.02 spread registered, which is among the best in the industry. This minimal spread ensures that traders can execute their trades with minimal cost impact,providing an advantageous trading environment.

We are delighted to provide you with our exceptionally competitive commission rates. Please review the table below for a comprehensive overview:

Commissions – Purple Trading

Commissions – ThinkMarkets

Yes, you can check the available leverages in the table provided below. This should give you a clear overview of the leverage options we offer.

LEVERAGE

We are partnering with Purple Trading, which offers raw spreads and low commissions for all our clients. Purple Trading is a Cypriot national trademark (no. 85981), National UK trade mark (no. UK00003696619), and European Union trade mark (no. 018332329) owned and operated by L.F. Investment Limited, 11, Louki Akrita, CY-4044 Limassol, Cyprus, a licensed Cyprus Investment Firm regulated by the CySEC lic. no. 271/15. The company is legally obligated to follow all laws of Cyprus and rules and conditions of its CySEC license.

No, Funded Elite, operated by Quantum Srls is not a broker and does not accept deposits. We provide credentials to join a third-party platform for traders to showcase their skills.