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.
2-Step Standard Challenge (second chance)
- 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.
1-Step Standard Challenge
- Phase 1: Minimum of 3 trading days with a profit of 1% of the initial balance.
1-Step Standard Challenge (second chance)
- Phase 1: Minimum of 3 trading days with a profit of 1% of the initial balance.
LITEChallenge
- 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.
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 70%.
- Second Payout: The profit split increases to 80%.
- Third 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.
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:
You will receive an email with instructions to set up a password for accessing our dashboard at
tech.fundedelite.com.
On the dashboard, you can monitor all statistics, track your challenge requirements, request payouts, find
account login details, view certificates, and edit your account settings.
Trading Platform Account Details Email:
For MT5: You will receive an email containing your account number, account password, and trading service
information. These details cannot be changed.
For Tradelocker: You will receive an email with your account email login, account password, and trading
service information. These details are fixed.
For cTrader: You will receive an email specifying your trading challenge account number and another email
from cTrader to set up a custom password. After setting up the password, you can access the cTrader platform
using your email and the password you created. If you use an email already registered with cTrader, the new
account will be added to your existing email.
For Edge by Axe (Axe Markets): You will receive an email with your trading challenge account number. You can access the platform from our dashboard in the “credentials” box or by going to
fundedelite.axesecurities.com and using the credentials for our dashboard at tech.fundedelite.com
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.
