We welcome skilled traders
At Elites Funding, we encourage traders to utilize their preferred trading styles and strategies. However, we strictly prohibit any form of cheating or abuse of the simulated (demo) environment, as it violates our Terms of Use. The purpose of the evaluation is to assess you as a trader and not as a robot or another individual.
Consistency and Risk Management Are Key
We welcome traders who bring their own trading strategies to the table, provided they are applied with reasonable risk management appropriate to the size of their funded accounts. It is crucial to demonstrate consistent, profitable trading strategies rather than engaging in gambling-like behavior. Unreasonable risk-taking may lead to account suspension, as we prioritize sustainability and responsibility in trading practices.
Respect for Minimum Trading Days
It is equally important that traders adhere to the minimum trading days requirement. These days are set to allow us to accurately track the consistency of traders, and any attempt to manipulate or cheat this process will not be tolerated. While you are allowed to open smaller positions to meet the trading day requirements, opening positions for just a few seconds or minutes, known as tick scalping, is prohibited. Such actions would be considered cheating and could also lead to account suspension.
We do not tolerate cheating
Strategies that are considered “cheating” or do not accurately represent real market conditions are not permitted and will result in a violation of our Terms of Use. Strategies that generate risk-free consistent profits only in a demo environment are not allowed, as they cannot be replicated in live markets. Funded Traders must treat their accounts as if they are live, and the use of such strategies will lead to account closure.
Account management by third parties is prohibited
The management of accounts by a third party, such as “pass your challenge” or copy trading services, is strictly prohibited. Any engagement in such activities will result in the rejection of accounts and a permanent ban from all Elites Funding services. Copying trades from other users present on the Elites Funding platform will also result in account closure. Copying trades from any of Basic Capital’s Discord groups and/or social media channels (including personal channels of the staff) will result in a reduction of the profit split to 50% and eventually in account closure if we conclude that the user is not capable of trading on their own with proper risk management and a profitable strategy.
Prohibited strategies
The following strategies are strictly prohibited, and engaging in these strategies will result in a breach of your account and potential banning from our platform:
Grid Trading: Involves placing inverse buy and sell orders of the same instrument with similar risks, leading to potential market manipulation and instability.
Tick Scalping: A high-frequency strategy involving trades held for just seconds or minutes to make small profits. This is not permitted and will be seen as an attempt to cheat the minimum trading days requirement.
Account Sharing or Account Sale: Sharing or selling funded accounts to others is a violation of our Terms of Service and will result in a ban.
Martingale Trading: Involves increasing investment size after each loss, a strategy we consider gambling and prohibit due to its high risk.
High-Frequency Trading (HFT): Relies on advanced algorithms for executing numerous trades within seconds, leading to unfair advantages and market manipulation.
Sanctioned Countries: Traders are prohibited from accessing and placing orders from OFAC-sanctioned countries.
Collusion Between Users: Cross-account trading or collusion is considered market manipulation and is strictly prohibited.
Hedging or Group Hedging Across Multiple Accounts: Opening opposite trades in multiple accounts to generate risk-free profits is not allowed.
Use of a Delayed Data Feed: Utilizing delayed market data to gain an unfair advantage is prohibited.
Trading on Delayed Charts: Trading based on delayed or lagging charts is unethical and inconsistent with real market operations.
Use of Guarantee of Compliance with Limit Orders: Using guaranteed limit orders to manipulate the market is non-compliant and prohibited.
Trading Activity: Soft Breaches/Warnings
The following behaviors may result in warnings, and repeated violations could escalate to account suspension or banning: