Elite Trader Funding Prop Firm Review – What You Need to Know in 2025

Elite Trader Funding, founded in 2022 and headquartered in Delaware, USA, is a futures-focused proprietary trading firm started by traders Eric Ho, Kanwal Singh, and Clint Chaney. Offering up to $300,000 in virtual capital, a 100% profit split on the first $12,500, and multiple evaluation models, it has funded over 2,000 traders and paid out over $10 million.

Elite Trader Funding Best suited for:

Beginners: Affordable evaluations and a 14-day free trial for the $250K Fast Track.
Experienced futures traders: High profit splits and flexible account types.
? Day and swing traders: Multiple evaluation models suit varied trading styles

Overall rating:

Pros & Cons of Elite Trader Funding

Pros

Generous Profit Splits: 100% of first $12,500, then 90% thereafter.
? Flexible Evaluations: Five models (1-Step, EOD Drawdown, Fast Track, Static, Diamond Hands).
? Low-Cost Fees: Evaluations start at $75, with frequent discounts.
? Multiple Accounts: Manage up to 20 accounts under one login.
? Fast Payouts: Daily for Live Elite accounts, weekly for Sim-Funded.
? Free NinjaTrader License: Included for all traders.

Cons

Weekend trading not available on most accounts:
Payout timelines may vary based on verification speed:

How Does Elite Trader Funding Work? (Step-by-Step Guide)

Choose an account size & evaluation type: 1-Step, EOD Drawdown, Fast Track, Static, or Diamond Hands ($10,000-$300,000).
Pass the evaluation: Meet profit targets (e.g., $1,000-$18,000) over 5-10 days.
Get funded: Trade a Sim-Funded or Live Elite account with partner firms.
Profit splits & payouts: 100% of first $12,500, then 90%, paid daily or weekly.

Elite Trader Funding Account Types & Funding Options

Account sizes: $10,000 to $300,000. Funding models: o 1-Step: One phase, profit target 6%-10%. o EOD Drawdown: End-of-day trailing drawdown. o Fast Track: 5-day evaluation, higher profit targets. o Static: Fixed drawdown, no trailing. o Diamond Hands: Allows overnight and weekend trading. Profit splits: 100% on first $12,500, 90% thereafter. Evaluation fees: $75-$655, monthly $80 post-evaluation
$75 reset fee.:

Profit Targets & Payouts

Profit targets: $1,000-$18,000, depending on account size and evaluation type.
Payouts: Via ACH (US) or PayPal/Wise/Stripe (international), minimum $100-$500.
Payout frequency: Daily (Live Elite, Monday-Friday), weekly (Sim-Funded, Wednesdays).
Maximum drawdown: $1,000-$7,500, trailing or static.
Daily drawdown limit: 1.5%-2.2% of morning balance.
Comparison: Elite’s 1.5%-2.2% daily drawdown is stricter than The 5%ers (5%) but aligns with Earn2Trade (2%). Daily payouts are faster than most.

Leverage & Trading Conditions

Leverage: 1:1 for futures, based on contract margins.
Lot size restrictions: Max 2 mini/20 micro contracts per account.
Commissions: Varies by platform (e.g., $2.67/side on NinjaTrader).

Allowed & Restricted Trading Strategies

Allowed Trading Strategies

Scalping: Short-term trades on small price movements.
Day Trading: Opening and closing positions within a day.
Swing Trading: Only on Diamond Hands accounts for overnight/weekend trades.
News Trading: Permitted with no restrictions.
Expert Advisors (EAs): Supported on NinjaTrader, Tradovate, and Rithmic.

Restricted Trading Strategies

High-Frequency Trading (HFT): Trades under 10 seconds flagged as erratic.
Arbitrage Trading: Exploiting price discrepancies.
Overnight Trading: Except for Diamond Hands accounts.
Overleveraging: Exceeding contract limits.
VPN Use: Can lead to payout denials due to IP conflicts.

How Long Does It Take to Get Funded by Elite Trader Funding?

Challenge duration: Minimum 5-10 trading days, no maximum.
Evaluation speed: Funding within 72 hours post-evaluation
Fast Track as quick as 5 days.
User experiences: Traders report quick approvals, but payout disputes arise over rule enforcement.

How Long Has Elite Trader Funding Been Around?

Elite Trader Funding has been operating since 2022, with over $10 million paid out to traders. Its rapid growth is attributed to Trader support and confidence in its services.

Who Owns Elite Trader Funding? (Founder & Company Background)

Founder(s): Eric Ho, Kanwal Singh, Clint Chaney, experienced traders aiming for fewer restrictions. Company headquarters: Wilmington, Delaware, USA. Mission & vision: Empower traders with capital and flexible conditions under a “Traders Helping Traders” philosophy. Regulatory status: Not regulated, operates as a prop firm with liquidity from SWOT, CME, COMEX, NYMEX, and SMFE.

What Can You Trade with Elite Trader Funding? (Supported Markets & Assets)

Markets offered: Futures on 76 contracts (equity indices, currencies, agricultural, energy, metals, crypto). Forex pairs: Not supported. Indices & commodities: E-Mini S&P 500, gold, oil, etc. Crypto trading: Bitcoin and Ethereum futures. Restrictions: No overnight positions (except Diamond Hands), HFT, or arbitrage.

Does Elite Trader Funding Offer Education & Trader Support? (Learning Resources & Coaching)

Basic resources via blog and YouTube channel. Trader development: Focus on platform tools and risk management guides. Coaching programs: None, support via community forums. Community & networking: Active Discord and forums for trader interaction.

How Good is Elite Trader Funding’s Customer Support? (Response Time & Availability)

Support channels: Live chat, email, Discord. Response times: Within hours, praised for speed. Operating hours: 24/5 during market hours. Trader feedback: Responsive but criticized for payout denials citing technicalities.

Is Elite Trader Funding a Scam or a Legit Prop Firm?

Elite Trader Funding is legitimate, with Delaware registration, over $10 million in payouts, and a 4.0/5 Trustpilot rating from 1,048 reviews.

User Reviews & Community Feedback on Elite Trader Funding

Elite Trader Funding is legitimate, with Delaware registration, over $10 million in payouts, and a 4.0/5 Trustpilot rating from 1,048 reviews.:

Alternatives to Elite Trader Funding – How It Compares

Earn2Trade: Similar futures focus, 80% split, but more educational resources. Topstep: Lower 70% split, stricter rules, but higher trust score. MyFundedFutures: 100% split on first $10,000, more flexible rules.

Final Verdict – Should You Trade with Elite Trader Funding?

Elite Trader Funding is best for futures traders seeking high profit splits, flexible evaluations, and fast payouts. Its multiple account types and low fees are appealing, but strict drawdown rules, no overnight trading (except Diamond Hands), make caution advisable. Research thoroughly before joining in 2025.

ELITE TRADER FUNDING