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 third parties, including services such as “pass your challenge” or copy trading, is strictly prohibited. Any involvement in these activities will result in the immediate rejection of the account and a permanent ban from all Elites Funding services. Additionally, copying trades from other users on the Elites Funding platform will lead to account closure.

Furthermore, placing trades based on any opinions or analysis  from any of Basic Capital’s Discord groups, social media channels, or personal channels of our staff will result in a reduced profit share of 50%. Continued engagement in this behavior, particularly if it becomes evident that the user is unable to trade independently with appropriate risk management and a sustainable strategy, will lead to the permanent closure of the account. If it is determined that a user’s trading strategy is entirely dependent on inspiration from these sources, the account will be immediately closed without the option to withdraw profits, as this will indicate an inability to trade autonomously.

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. We see this practice used as a way to cheat the trading days as well. We can understand a few short trades among the whole trading history, but having multiple consecutive trades that are less than 30 minutes long will be considered a violation of this rule.

• 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:

• Exploiting Platform or Data Freezing Due to Demo Server Error: Taking advantage of platform issues to gain an unfair edge is prohibited. We monitor server issues closely and work with traders to resolve any legitimate problems. Abusing such situations could lead to a permanent ban