FAQ

You can start with a 25k, 50K, 100K, or 200K balance. You may apply if you wish to trade with a higher balance account. Elites Funding will scale up your account balance if you’re consistent with your strategy and risk management.

No. Elites Funding goal is to make sure you can trade freely. To ease your pressure, we’ll take responsibility for the loss.

To ensure an exceptional experience for our valued customers, we are using “NATlON FX” as our broker together with the MT4 trading platform. Our partnership with this broker ensures that our clients get the lowest possible spread and commissions.

We are committed to delivering the highest level of service and support to our customers, and we believe that our choice of broker reflects this commitment.

For all of the accounts we offer at Elites Funding you will get 1:100 leverage.

The server time of Elites Funding is in the GMT timezone. 

Trading View can be used for analysis purposes, but you need to use MT4 platform for trading with us.

You can find all the MT4 platforms here.

You are not allowed to change your MT4 Password.

Yes. You’re allowed to use your Mobile phone.

As we evaluate your trading skills, you are solely responsible for your trading account and are not allowed to share your password with others. Sharing your password is prohibited because it grants unauthorized access to your account for trading purposes. Violating this rule will be considered a breach of our terms of service, and Elites Funding reserves the right to take necessary action in such cases.

At this time there is no free trial account.

No. There is no limit with Elites Funding. However, it’s recommended to know your local regulations if there are any.

We do not hold clients money or trade for the public, nor are we brokers. Therefore, we are not required to be regulated.

Elites Funding Headquarters is located in Gibraltar.

To view the list of upcoming high-impact news events, go to the ‘News Calendar’ section of your dashboard. This will allow you to see the restricted pairs and times during which you will not be able to trade due to high-impact news. Please note that the news time displayed on your dashboard will be based on your device time.

When a trader holds an open position, the profit or loss they have is known as Floating Profit or Loss. This amount changes in accordance with the value of the open position(s) and is not yet realized until the position is closed. Tracking Floating Profit or Loss allows the trader to monitor the performance of their open positions and decide when to close them. This Profit/Loss is called floating because the value is constantly changing since the position is still open. The Maximum Loss section considers Floating Losses as part of the overall loss.

Profit withdrawal is just one click away. Make sure you’re in profit at the end of the trading cycle and send a withdrawal request from your client portal. We’ll ensure the fastest disbursement of your profit part from our end.

You can use the following to withdraw your profit: Bank Transfer or USDT

Your profit withdrawal process is really straightforward. When you are eligible for a withdrawal, you only need to click the profit withdrawal button on your dashboard and we will disburse the profit in your mentioned wallet without any hassle.

You will have to pay your own taxes based on your country’s tax policy.

Indicators are allowed. However Expert Advisors (EA’s) and any other Robots are NOT Allowed!

This includes Trade copiers, Auto Trading bots. The purpose of the evaluation is to evaluate you as a trader and not a robot or somebody else.

Using any of the following strategies is strictly forbidden:

– Use of Emulators.
– High-Frequency Trading (Manually or Using a Bot)
– Reverse Arbitrage Trading
– Hedge Arbitrage Trading.
– Latency Arbitrage Trading.
– Tick Scalping
– Grid trading
– One-sided Betting
– Copying trades from other traders.

If we conclude that you used any of these methods, your account will be closed and you will not receive a refund!

There is no restriction on using stop-loss (SL) on your every trade, so you are free to trade without using it.

There are no lot size restrictions on Elites Funding. You are free to trade using whichever lot size you prefer.

You can have an overall maximum loss limit of 10% of your initial account balance. Thus, your account balance or equity can’t go below 90% of the initial balance at any time during your whole trading journey. It implies that your account balance or equity should always be over 90% of the initial balance to avoid rule violations.

For example, for a 100k account, your maximum loss limit is $10k.So, as long as your balance/equity (whichever is lower) is over 90k, you will not violate the overall drawdown.

Do note that overall drawdown does not get reset like daily drawdown.

The daily drawdown is 5% of your account balance at the starting of the trading day (broker server time).

For example, if you have a $100,000 account, the maximum daily loss limit is $5,000, and you are not allowed to lose more than $5,000 in the first day. Suppose you have lost a total of $3000 in your closed trades. In such a case, you cannot lose more than $2000, including floating losses. Note that swap and commission rates are included in this calculation. It will be considered a violation if you lose more than $2,000.

Similarly, let’s say you gained $8,000 in profit on that $100,000 account and now you have $108,000.  In such case, you will be allowed to lose $5,400 in the next trading day before triggering the DBDD violation.

Another thing to keep in mind is that your daily loss limit will be reset at midnight according to the server time. 

In order to see easily how much you can lose in a single day, all you have to do is to login to your member area dashboard and look under the chart at the value “Today permitted loss”.  All you have to do is keep under that amount and you will be fine.

We recommend not to. If you are trading from a different location or using VPS, you need to show proof to us.

Elites Funding assures your freedom by allowing you to request a refund if you do not begin trading within 14 days of registering. However, please note that once the trader starts trading on the account, the fees become non-refundable.

No, we don’t charge any additional or hidden fees. There are absolutely no recurring fees with us.

Yes, you can use your withdrawable profits to purchase a new account as long as the amount of your profits is equal to, or more than the registration fee required for the new account.

To open a funded trading account with Elites Funding, you must be at least 18 years old. This is because trading involves significant risks and requires a certain level of maturity and responsibility. Additionally, individuals under 18 may not have the legal capacity to enter into contractual agreements, which is a requirement for opening a funded trading account.

You can start with a 25k, 50K, 100K, or 200K balance. You may apply if you wish to trade with a higher balance account. Elites Funding will scale up your account balance if you’re consistent with your strategy and risk management.

Elites Funding allows traders to trade during news events in both demo and real phases of Evalaution package. While this can be an opportunity to take advantage of market movement, it is important to exercise caution during such times. Due to the impact of news, the market may move very quickly, making it difficult to get fills at desired prices. This can result in slippage, which can be particularly problematic for traders using high lot sizes or relying on market depth.

Furthermore, due to the lack of liquidity during news events, it is possible for traders to face significant losses if they do not manage their risk effectively. It is important to note that traders are ultimately responsible for complying with drawdown rules and avoiding violations.

To minimize the risks involved in news trading, we advise traders to use their best judgement and take appropriate measures to manage risk. This may include using reasonable lot sizes, avoiding trading with all their available margin, and refraining from news straddling. All in all, while news trading can be profitable, it is crucial for traders to understand and manage the potential risks involved to achieve long-term success.

You can have a maximum of 300k funding from Elites Funding. You can reach this funding limit with a single program or a combination of Express and Evaluation programs.

No. You’re permitted to hold your trade overnight and over the weekend for the Evaluation program.

With Elites Funding, you’ll get up to a 90% profit split.

You’ll get an 80% profit share initially. With scale-up, you’ll be eligible for a 90% profit share.

With Elites Funding, you’ll get up to a 90% profit split.

You’ll get an 80% profit share initially. With scale-up, you’ll be eligible for a 90% profit share.

Yes, You have to reach a 10% profit target in evaluation Phase 1 with NO TIME LIMIT.

For Phase 1 there is NO TIME LIMIT. You can complete this phase as soon as you can by following the rules and reaching the 10% profit target.

Please keep in mind that the broker does delete all accounts that are inactive for more than 60 days. So even though we provide you with a no time limit to reach your trading objectives, your account could be closed if you have no trading activity on it.

Our system does an automatic profit check at the day’s end. If all of your trades are closed and you have hit the profit target while trading for a minimum of 5 days then the system will automatically issue your Phase 2 account.

If a trader violates the rules, his account will be suspended.

Yes, you have to reach a 5% profit target in evaluation Phase 2 with NO TIME LIMIT.

There is NO TIME LIMIT to complete evaluation Phase 2.

Please keep in mind that the broker does delete all accounts that are inactive for more than 60 days. So even though we provide you with a no time limit to reach your trading objectives, your account could be closed if you have no trading activity on it.

There is no restricted time limit to wait. If you hit the profit target by complying with all the rules, you are eligible for a funded account as soon as you pass Phase 2.

The fee which you pay to take part in a challenge is refundable only if you reach Phase 3, the Real Live account.

Once you reach Phase 3, you must also complete the minimum 10 trading days for this phase, until you can make your first payout request.

Your fee will be refunded together with your first payout.

The payouts are only available on the Phase 3 funded accounts. In order to request a payout, you must complete a minimum of 10 trading days on the funded account.

Once requested, the payouts are processed in 14 Days after which our financial team will send the money to your chosen withdrawal option. However, you are not allowed to request a new payout until the previous one has been paid. 

No. Once you have completed Phases 1 and 2, you will become one of our Elite crown traders and receive real funds!

At this point, there is no profit target at all. You’ll get a chance to trade freely and make as much profit as you want.

After receiving your funded account you will get a profit share of 80%. What’s even more exciting, with the first scale-up, you’ll be eligible for a 90% profit share.

Yes, you would have to follow this rule.

Yes, you would have to follow this rule.

Before receiving a real account or payout in any of our models, you need to provide us with the following documents so that we can verify your identity:

1. Photo of your National ID/ Passport/ Driving License.
2. Photo of your recent Utility Bill/ Phone Bill/ Tax Documents/Bank Statement.

You can send these at [email protected]

If your funded account has been suspended in profit, you will be eligible for 50% of the profits you made if your trades comply with the following two criteria:

1. All of your real account trades must have SL.
2. You must not lose more than 1% of your account size on any individual trade.

You must meet both of the criteria mentioned above. Then you will have seven days after the violation to request the 50% profit disbursement from the suspended real account.

DBDD stands for Daily Balance Drawdown Detected!

This means that you violated the rule that does not allow you to lose more than 5% of the account balance available at the begining of the trading day. 

Please keep in mind that this rule applies for equity as well, meaning that if your open trades will reach -5% of the account balance available at the beginning of the trading day, your account will be closed.

You can always check how much you are allowed to lose in a single day from your member area. Under the chart, there is a value “Today permited Loss”

OEDD stands for Overall Equity Drawdown Detected!

This means that your equity (including open trades) has reached -10% of the initial account balance.

At this point, the trades and the account will be closed. 

OBDD stands for Overall Balance Drawdown Detected!

This means that your balance has reached -10% of the initial deposit and your account has been closed for violating this rule.