Forex Prop Kings – Ftmo Forex Funding & Funded Elite Forex Funding

In the competitive landscape of proprietary trading firms, traders seek the most advantageous platforms to showcase their skills and maximize profitability. Two prominent firms in this arena are FTMO and Funded Elite. While both offer pathways to funded trading accounts, Funded Elite introduces unique features that may provide traders with more favorable conditions. This article shall aim to compare both, the FTMO Forex Funding accounts along with the Funded Elite Forex Funding accounts.

FTMO Forex Funding Program

FTMO’s funding program is structured into a two-step evaluation process:

FTMO Challenge:

Profit Target: Achieve a 10% profit without a time limit.
Maximum Daily Loss: Limited to 5% of the account balance.
Maximum Loss: Capped at 10% of the account balance.
Minimum Trading Days: At least 4 trading days.

Verification:

Profit Target: Achieve a 5% profit without a time limit.
Maximum Daily Loss: Limited to 5% of the account balance.
Maximum Loss: Capped at 10% of the account balance.
Minimum Trading Days: At least 4 trading days.

Upon successful completion, traders are offered an FTMO Account with a profit split of up to 90%.

Funded Elite’s Forex Funding Program

Funded Elite offers diverse challenge options tailored to various trading styles:

2-Step Standard Challenge:

Phase 1 Profit Target: 8% of the initial balance.
Phase 2 Profit Target: 5% of the initial balance.
Daily Drawdown Limit: 5%.
Total Drawdown Limit: 8%.
Leverage: Up to 1:100.
Minimum Trading Days: 3 per phase.
Time Limit: None.
Profit Split: Up to 95%.

1-Step Standard Challenge:

Profit Target: 10% of the initial balance.
Daily Drawdown Limit: 3%.
Total Drawdown Limit: 8%.
Leverage: Up to 1:100.
Minimum Trading Days: 3
Time Limit: None.
Profit Split: Up to 95%.

Lite Challenge:

Phase 1 Profit Target: 8% of the initial balance.
Phase 2 Profit Target: 5% of the initial balance.
Daily Drawdown Limit: 4%.
Total Drawdown Limit: 8%.
Leverage: Up to 1:100.
Minimum Trading Days: 3 per phase.
Time Limit: None.
Profit Split: Up to 95%.

Elite Now (Instant Funding):

Profit Target: None; immediate access to funded accounts.
Daily Drawdown Limit: 4%.
Total Drawdown Limit: 6%.
Leverage: Up to 1:50.
Minimum Trading Days:3
Time Limit: None.
Profit Split: Starts at 75%, increasing up to 95% with a paid add-on.

A standout feature of Funded Elite is the Automated Second Chance for its standard challenges, allowing traders to retake the challenge without additional fees if certain rules are violated during the evaluation phases.

Comparative Advantages of Funded Elite

When evaluating both firms, Funded Elite offers several advantages:

Lower Profit Targets: Funded Elite’s 8% target in Phase 1 is more attainable than FTMO’s 10%, easing the path to funding.
Flexible Drawdown Limits: With a total drawdown limit of 8%, Funded Elite encourages disciplined risk management.
Fewer Minimum Trading Days: Requiring only 3 trading days per phase allows for a quicker evaluation process.
Higher Profit Split: Funded Elite offers up to a 95% profit split, surpassing FTMO’s 90%, enabling traders to retain more earnings.
Automated Second Chance: This unique feature provides a safety net, allowing traders to retake challenges without extra costs.
Instant Funding Option: The Elite Now program grants immediate access to funded accounts, a feature not commonly found among competitors.

While FTMO has a well-established reputation in the prop trading industry, Funded Elite introduces innovative features and flexible terms that cater to a diverse range of traders. This makes Funded Elite’s forex funding challenge the better choice with lower profit targets, higher profit splits, and unique offerings like the Automated Second Chance and instant funding. Funded Elite positions itself as a compelling choice for traders seeking favorable conditions and support in their trading journey.

Join us today and elevate your trading journey! Connect with our dedicated support team at Funded Elite through our 24/7 Discord channel: Join our Discord. By registering on our website, you can purchase your challenge account, monitor your trading progress, participate in exciting monthly trading competitions, and engage with our dynamic online community. Don’t miss out on the chance to win giveaways by taking part in various activities at Funded Elite.

Twitter: https://twitter.com/FundedElite
Instagram: https://www.instagram.com/fundedelite_com