When picking a prop firm, traders must carefully choose one that aligns with their requirements and trading approach. While FTMO is undoubtedly one of the most recognized names in the prop trading industry, we at Funded Elite stand out by offering traders unique advantages, such as greater flexibility, relaxed rules, and more favorable terms, making us a compelling choice for traders seeking a more accommodating trading experience.
FTMO provides traders with a defined evaluation process that includes a two step challenge and a verification phase to showcase their trading abilities effectively. Traders need to achieve profit targets and follow risk management guidelines to qualify for funding opportunities. Account sizes vary from $10 000 to $200 000, at FTMO enabling traders to pursue a route toward achieving success in their trading endeavors.
On the other hand , Funded Elite provides a range of account options to traders. Traders can choose the traditional 2 step evaluation account but can also pick between the 1 step evaluation account and the elite now account which gives traders access to funded capital immediately without any evaluation phase. Traders can pick between these accounts based on how soon they want to trade with funded capital. Funded Elite also offers traders the elite challenge account which is similar to the 2 step evaluation account but with more difficult drawdown rules and a cheaper price. Traders who wish to opt for the cheapest option or who are confident in their trading skill can opt for this account type.
With us at Funded Elite, Traders are given freedom of choice to pick precisely the type of account best suited for them.
Once again, when compared directly to FTMO, Funded Elite stands triumphant! We offer higher profit sharing split potential while simultaneously offering cheaper prices and increased options in picking account sizes.
Proven traders with FTMO can earn the right to take home 90% of the profits they make from funded capital but with Funded Elite this figure can rise to as high as 95% which is among the highest in the industry.
Traders with FTMO can hold different accounts upto a total value of $400,000 but with us at Funded Elite, traders can enjoy consolidations of upto $600,000.
Traders with Funded Elite can also choose between different account sizes , starting at small as $7,000 and can go as high as $200,000. We also offer highly competitive prices compared to other top prop firms in the industry. For instance, the $100,000 account with FTMO costs $540 but with us it can be purchased for as little as $349.
We at Funded Elite, put ourselves in the shoes of the trader. We understand the pain of purchasing a prop account and being inches away from funded capital only to breach one of drawdown rules and lose the account. As an additional incentive to traders who decide to trade with us, we offer a second life in the form of our ‘Second Chance’ feature. This essentially means that traders who breach one of the conditions of the prop firm account can restart from phase 1 for free!
FTMO, while being the most well known prop firm, is also known for their stringent rules and regulations. Traders must carefully adhere to these regulations imposed or risk losing access to their funded capital.
At Funded Elite, we offer increased flexibility to our traders by permitting trading during news events and holding positions overnight without limitations. Traders can also freely hold positions over weekends. Both of these options are at least partially restricted with FTMO. Additionally, traders can make use of EAs ( Expert Advisors), Martingale trading strategies, Edging and Grid trading etc. While traders are encouraged to trade responsibly and to adhere to a good risk management strategy, the freedom to trade is with the trader and it is their responsibility to maintain good trading discipline and hygiene.
The choice between these 2 or any other prop firm lies entirely in the hands of the trader. Traders who would like to stick to the trodden path and go with a long term established prop firm might opt for FTMO as their prop firm of choice.
Conversely, traders who find the numerous advantages offered by Funded Elite enticing can sign up with us and become funded today. Traders can stay up to date with market developments by subscribing to our newsletters on either Facebook , X or Instagram.
What are you waiting for? Empower Your Trading Journey, Maximize and Realize Your Full Potential! Become a Funded Trader Today!