How to Trade the Big 3 News Events in Prop Firms
CEO Kanwal Singh
Date Created 2022
Elite Trader Funding
Years In Operation: 3
Date Created 2022
4 out of 5 Trustpilot

4

0 total reviews
5
36
4
11
3
3
2
1
1
1
4
50% Discount     5% Cashback
CODE
Claim Offer

Firm Overview

TRADABLE MARKETS:
Futures
PAYMENT METHODS:
Credit/Debit Card
Credit/Debit Card
PLATFORM:
ATAS
BookMap
EdgeProX
eSignal
Finamark
MotiveWave
NinjaTrader
Quantower
Rithmic
SierraChart
TradingView
Tradovate
Available Support Channels:
Discord
Discord
24/7 SUPPORT AVAILABLE
Payout Methods:

Leverage

Max Contract Size Allowed per Account Size
Beginner
1 (10 Micros)
2 (20 Micros)
4 (40 Micros)
Intermediate
1 (10 Micros)
Expert
8 (80 Micros)
14 (140 Micros)
18 (180 Micros)
24 (240 Micros)
Master
2 (2 Micros)
5 (5 Micros)

Commissions

Symbol Commission Per Side
M2K, M6A, M6B, M6E, MCD, MJY, MNQ 0.50
MET 0.46
QG 1.26
ZT 1.36
ZF 1.41
ZN, QI, QO 1.51
ZB 1.56
E7, J7, UB 1.61
ZQ 1.72
XC 1.79
GF, HE, LE 2.79
GC, HG, PA, PL, SI 2.31
6A, 6B, 6C, 6E, 6J, 6M, 6N, 6S 2.36
MCL 0.76
MGC 0.76
ETH 5.76
BTC 6.76
GE 2.01
YM, EMD, ES, NQ 2.04
RTY 1.99
NKD 2.88
CL, HO, NG, RB 2.26
10YR, 2YR, 30YR, 5YR, MYM, MES 0.56
QG (already grouped above if needed) 1.26
QM 1.96
MBT 2.76
ZC, ZL, ZM, ZR, ZS, ZO, ZW 2.81

Consistency Rules

  • Intermediate Evaluation – 40% Consistency, most profitable day cannot exceed 40% of the total profit.
  • Intermediate Sim-Funded Account – 30% Consistency, most profitable day cannot exceed 30% of the total profit.
  • There are no Consistency Rules on any other accounts with ETF.

Firm Rules

  1. News Trading – No restrictions on news during major economic news events.
  2. Drawdown –
    1. EOD Trailing Drawdown (Direct to Funded) – Max drawdown trails to your highest end-of-day balance. Locks when your realised profits = the account’s max drawdown + $100 (the safety net).
    2. Trailing Drawdown (1-Step, Intermediate Accounts) – Drawdown based on a highest unrealised profit basis. Locks when your realised profits = the account’s max drawdown + $100 (the safety net).
    3. Static Drawdown (Static Accounts) – Drawdown does not trail or move with unrealised profit.
  3. Overnight Holding Rule – Overnight trading is only allowed on the Direct To Funding Plan. On every other plan, trades must be closed one minute before market close.
  4. Inactivity Rule – Must place at least one trade per week to keep the account active. Failure to do so closes the account and voids any payouts.
  5. Loss Limit Rule – After earning 20% profit on your Funded Account, if you later lose more than 35% of said profits, ETF may remove your account from the Elite Sim and disqualify it from Live Elite.
  6. Reset Rule – Elite Sim-Funded accounts can be reset up to 3 times. This does not apply to the Direct To Funded accounts which cannot be reset.

Payout Policy

Static (Beginner)
  • Profit Split – Keep 100% of Simulated Profits up to $25,000.
  1. Active Trade Day (ATD) Requirement –
    1. Payout Cycle 1 – 8 ATDs.
    2. Payout Cycles 2-4 – 10 ATDs
  2. Qualifying ATD –
    1. Any day where a trade results in at least $200 realised profit.
    2. 23% Rule – Must earn at least 23% of your best trading day’s profit for that given day to qualify.
    3. Must satisfy both requirements for it to count as an ATD.
    4. Example: Best Day’s Profit = $1000. Must earn at least $230 on other days to qualify an ATD.
  3. Achieve Safety Net –
    1. Safety Net is when Realised Profits = Max Drawdown on the Account +$100.
    2. Once you do this, Max Drawdown and Daily Loss Limit (if applicable) are removed permanently.
    3. Note: Cannot withdraw from the safety net during any payout cycles.
  4. Payout Ranges –
    Funding Amount1st Payout Cycle (8 ATD)2nd Payout Cycle (10 ATD)3rd Payout Cycle (10 ATD)4th+ Payout Cycle (10 ATD)Payout Cap
    $10,000$100 – $500$100 – $500$100 – $500$100 – $1,000$25,000 & Live
    $25,000$100 – $750$100 – $1,000$100 – $1,250$100 – $1,500$25,000 & Live
    $50,000$100 – $1,250$100 – $1,500$100 – $1,750$100 – $2,000$25,000 & Live

KYC

  • Prior to receiving your first payout, traders must complete their KYC.

Frequently Asked Questions

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sed dignissim, tortor in convallis malesuada, augue est tincidunt libero, ut elementum lorem mi a est.

Elite Trader Funding

No, hedging on the same or correlated instruments is not allowed. 

No, multiple traders from the same household cannot hold an account on ETF, even if they are independent traders.

Yes, you can reset your evaluation as many times as needed. 

ETF can transition its traders from a Sim Account to a Live Account at their discretion. Your balance is based on your best performing Elite Sim-Funded account that has reached its safety net. 

No, the loss limit is assessed during audits or when a payout is requested. Traders are required to monitor this themselves and a failure to comply could lead to a removal of your account from the Sim Program. 

Elite Trader Funding Prop Firm Challenges

SIZE:
STEPS:
FIRM
PROFIT TARGET
DAILY LOSS
MAX LOSS
PROFIT SPLIT
PAYOUT FRE.
PRICE
$1,000
None
$500
100% Up To $25k i
8-10 Active Trade Days + Achieve Safety Net
$ 63.50
$ 127.00
Month
$2,000
None
$1,000
100% Up To $25k i
8-10 Active Trade Days + Achieve Safety Net
$ 118.50
$ 237.00
Month
$4,000
None
$2,000
100% Up To $25k i
8-10 Active Trade Days + Achieve Safety Net
$ 228.50
$ 457.00
Month
$2,000
None
$500
100% Up To $25k i
8-10 Active Trade Days + Achieve Safety Net
$ 28.50
$ 57.00
One Time
$2,000
None
$500
100% Up To $25k i
8-10 Active Trade Days + Achieve Safety Net
$ 38.50
$ 77.00
One Time
$3,000
None
$2,000
100% Up To $25k i
8-10 Active Trade Days + Achieve Safety Net
$ 83.50
$ 167.00
Month
$6,000
None
$3,000
100% Up To $25k i
8-10 Active Trade Days + Achieve Safety Net
$ 103.50
$ 207.00
Month
$9,000
None
$5,000
100% Up To $25k i
8-10 Active Trade Days + Achieve Safety Net
$ 148.50
$ 297.00
Month
-
None
$2,500
100% Up To $25k i
10 Active Trade Days + Achieve Safety Net
$ 298.50
$ 597.00
One Time
-
None
$2,500
100% Up To $25k i
10 Active Trade Days + Achieve Safety Net
$ 298.50
$ 597.00
One Time

Price History

Reviews

0
SORT BY

No reviews yet for this firm.

Offers

0
SORT BY
No offers are available for this firm yet.