What is Elite Trader Funding?
Elite Trader Funding is a futures-focused prop trading firm founded in 2022 that's rapidly gaining traction with traders seeking affordable, flexible funding options. What sets Elite TF apart is their revolutionary profit split structure: you keep 100% of the first $12,500 in profits, then earn 90% of everything beyond that.
With over 1,170+ Trustpilot reviews averaging 3.7/5 stars and more than $20 million paid out to traders, Elite Trader Funding has established itself in the prop firm space. They offer five distinct evaluation programs - from the lightning-fast 14-day Fast Track Challenge starting at just $75, to the swing trader-friendly Diamond Hands program that allows overnight and weekend positions.
Unlike generic prop firms that force everyone through the same evaluation, Elite TF recognizes that different traders need different rule sets. Whether you're a scalper who needs tight intraday risk controls, a swing trader requiring multi-day holds, or an aggressive day trader chasing quick profits, there's a tailored program for your style.
Quick Facts
- •Profit Split: 100% on first $12,500 → 90/10 after
- •Account Sizes: $50K, $100K, $150K, $250K, $300K
- •Challenge Types: 5 programs (1-Step, EOD, Fast Track, Static, Diamond Hands)
- •Pricing: Starting at $75 (Fast Track 100K)
- •Payouts: Daily (Live Elite) or Weekly (Sim-Funded)
- •Platforms: NinjaTrader, Quantower, Rithmic
- •Markets: Futures only (ES, NQ, YM, CL, GC, etc.)
- •Reset Cost: $75 (industry's cheapest)
- •Monthly Fee: $80 for Sim-Funded accounts
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Key Advantages of Elite Trader Funding
1. Revolutionary 100% + 90/10 Profit Split
Elite Trader Funding's profit split structure is genuinely game-changing: you keep 100% of the first $12,500 in profits, then receive 90% of all profits beyond that threshold. This is significantly better than the industry standard 80/20 or even the "generous" 90/10 from competitors.
Real Example: If you make $20,000 in profits:
- • First $12,500: You keep $12,500 (100%)
- • Remaining $7,500: You keep $6,750 (90%)
- • Total: $19,250 vs $18,000 at FTMO (90/10) or $16,000 at 80/20 firms
For smaller account traders building up to larger payouts, that guaranteed 100% on the first $12.5K is massive. It means your early profits are maximized when you need them most.
2. Daily Payouts (Fastest in the Industry)
Elite Trader Funding offers daily payouts Monday through Friday for Live Elite Accounts, and weekly payouts (every Wednesday) for Sim-Funded accounts. This is unmatched in the prop firm space and absolutely destroys the competition:
For active traders generating consistent profits, daily access to your earnings means you can reinvest faster, cover living expenses more reliably, and compound your growth. The minimum withdrawal is just $100, making it accessible even for smaller profit days.
3. Industry's Cheapest Pricing ($75 Fast Track + $75 Resets)
Elite Trader Funding's pricing is aggressively competitive. The Fast Track Challenge starts at just $75 for a 100K account - that's 69% cheaper than FTMO's $245 for the same size. Even their standard 1-Step Evaluation at $235 undercuts most competitors.
But the real game-changer is their $75 reset policy - the cheapest in the industry. If you fail your evaluation, you pay just $75 to retry instead of buying a brand new challenge. For a $235 challenge, that's a 68% discount on your second attempt.
Cost to get funded (worst case scenario):
Challenge: $235 + Reset #1: $75 + Reset #2: $75 = $385 total
Compare with FTMO: $540 + $300 + $300 = $1,140 total
Savings: $755 (66% cheaper)
4. Five Tailored Challenge Types (Not One-Size-Fits-All)
Most prop firms force every trader through the exact same evaluation. Elite Trader Funding recognizes that scalpers, day traders, and swing traders need different rule sets. They offer five distinct programs:
- 1-Step Evaluation: Standard program, intraday trailing drawdown, most popular
- EOD Drawdown: End-of-day drawdown calculation, perfect for swing traders
- Fast Track: 14-day challenge for confident traders, cheapest at $75
- Static Drawdown: Fixed 8-10% limits, no trailing, easier to manage
- Diamond Hands: ONLY program allowing overnight/weekend holds
This flexibility means you can choose the evaluation that matches your actual trading style, rather than adapting your profitable strategy to fit arbitrary rules.
5. No Consistency Rule (Capitalize on Big Moves)
Elite Trader Funding does not enforce a consistency rule. This is huge. FTMO and other firms limit your "best trading day" to 40% of total profits, penalizing traders who excel at catching major market moves. Elite TF has no such restriction.
Example: If you need $6,000 profit to pass and you catch a massive NFP or FOMC move for $5,000 in one day, you're not penalized. Make the remaining $1,000 over the next few days and you pass. At FTMO, that $5,000 day would violate the consistency rule (83% > 40% allowed), causing you to fail despite being profitable.
This makes Elite TF perfect for news traders and breakout specialists who make the majority of their profits from a few explosive trades rather than grinding out small daily gains.
Disadvantages to Consider
1. $80 Monthly Fee for Funded Accounts
Elite Trader Funding charges an $80/month activation fee for all Sim-Funded accounts, regardless of size. This is true whether you have a $50K or $300K account. While some competitors (Apex, TopStep) don't charge monthly fees, this cost is partially offset by Elite TF's superior profit split.
Annual cost impact: $80 x 12 months = $960/year in fees before making a single trade. If you're a slower, more conservative trader who only makes a few trades per month, this fee can eat into profits. However, if you're active and consistently profitable, the 100% + 90/10 split more than compensates.
Silver lining: If you upgrade to a Live Elite Account (earned through strong performance), the monthly fee is waived. Plus, the daily payout option for Sim accounts means you can withdraw profits weekly to offset the fee.
2. No Overnight Holds (Except Diamond Hands)
Most Elite Trader Funding programs (1-Step, EOD, Fast Track, Static) require you to close all positions 1 minute before market close. This means no overnight or weekend holds, which limits swing trading opportunities and forces you to miss potential gap moves.
- •Can't hold ES through overnight gaps
- •Forced to exit positions even if your analysis expects continuation
- •Eliminates multi-day swing trade strategies
Workaround: Choose the Diamond Hands program if you need swing trading flexibility. It's specifically designed to allow overnight and weekend position holding, though it has different risk parameters.
3. Futures Only (No Forex, Stocks, or Crypto)
Elite Trader Funding focuses exclusively on futures trading. If you're a forex scalper, stock trader, or crypto enthusiast, you'll need to look elsewhere. They support popular futures contracts (ES, NQ, YM, CL, GC) through NinjaTrader, Quantower, and Rithmic, but that's it.
For context: FTMO offers forex, indices, commodities, and stocks. 4PropTrader covers forex and gold. If you want multi-asset diversification, Elite TF isn't the right choice. However, if futures are your primary market, their laser focus on futures means optimized rules and better support for futures-specific strategies.
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4 distinct evaluation types tailored to your trading style. From conservative static drawdowns to aggressive direct-to-funded options.
Fast Track EOD
Fast Track Static
Important Pricing Notes
- • All prices are in USD and subject to change
- • Activation fees may apply for sim-funded accounts
- • 1 mini contract = 10 micro contracts for scaling purposes
- • Reset fees allow you to retry evaluations at discounted rates
- • Some programs have account limits per user (see plan details)
Reset Policy: Second Chances for $75
Elite Trader Funding offers the cheapest reset option in the entire prop firm industry at just $75. A reset allows you to retry your evaluation from scratch after failing, without paying the full challenge fee again. This is available on all programs except Fast Track.
How Resets Work
- When to use: If you violate the drawdown limit or fail to hit the profit target within the time period
- Cost: $75 flat fee (vs $75-$300 at competitors)
- Unlimited attempts: You can reset as many times as needed until you pass
- Fresh start: Your account resets to starting balance with full 30 days again
- Exception: Fast Track challenges cannot be reset - you must purchase a new challenge
💡 Reset vs. New Challenge: When to Choose
Choose a $75 reset if: You were close to passing (hit 80%+ of profit target) or learned valuable lessons from your mistakes. The reset gives you another full 30-day period to apply what you learned.
Buy a new $235 challenge if: You want to try a different challenge type (e.g., switching from 1-Step to EOD) or if you violated rules early and need a completely fresh approach. However, for most traders, the $75 reset is the smarter financial choice.
Reset Cost Comparison
Trading Rules: What You Need to Know
Profit Targets
Elite Trader Funding requires a 6% profit target for most programs during the evaluation phase. This means on a $100K account, you need to make $6,000 in profits to pass and get funded.
Important: Static programs have higher targets (8-10%), while Diamond Hands has a lower 5% target. Once funded, there are NO profit targets - you trade at your own pace and withdraw whenever you want (minimum $100).
Maximum Drawdown Rules
Drawdown rules vary by program type. Elite Trader Funding uses trailing drawdown for most programs (1-Step, Diamond Hands) and end-of-day (EOD) drawdown for the EOD program.
- 1-Step Evaluation: Intraday trailing drawdown (no daily loss limit) - drawdown trails your high-water mark intraday
- EOD Drawdown: 3-4.5% max drawdown calculated at end of day + daily loss limit
- Static Drawdown: Fixed 8-10% drawdown limit that doesn't trail
- Diamond Hands: 3.5% trailing drawdown with overnight hold allowance
⚠️ Critical Rule
Violating the drawdown limit results in immediate account failure, regardless of your profit. On a $100K 1-Step account, if your balance drops below the trailing drawdown threshold at any point during the day, your evaluation ends. There's no "grace period" - protect your account at all costs.
Trading Restrictions & Requirements
- • News trading (volatility risk)
- • EAs/bots (10-sec minimum hold)
- • Copy trading
- • Hedging strategies
- • Overnight holds (Diamond Hands only)
- • High-frequency trading (HFT)
- • Trades under 10 seconds
- • Holding past market close (except DH)
- • Weekend positions (except DH)
- • Gambling/random entries
Mandatory Requirements:
- •Minimum 5 trading days: You must trade on at least 5 separate days during evaluation
- •1 trade per week minimum: Once funded, execute at least 1 trade weekly to keep account active
- •Close before market close: All positions must be closed 1 minute before session end (except Diamond Hands)
- •10-second minimum hold: Every trade must be held for at least 10 seconds to prevent HFT
No Consistency Rule (HUGE Advantage!)
Elite Trader Funding does NOT enforce a consistency rule. This means you can make 100% of your profit target in a single day if you catch a major market move. FTMO, by contrast, limits your best trading day to 40% of total profits.
Example: Need $6,000 to pass on a 100K account? You can make $5,500 on a massive NFP day and $500 over the next week. At FTMO, that $5,500 day (92% of total) would violate the 40% consistency rule and cause failure. Elite TF celebrates your big wins instead of penalizing them.
Common Mistakes to Avoid
Based on analysis of failed Elite Trader Funding evaluations, here are the top mistakes traders make - and how to avoid them:
Mistake #1: Rushing the Fast Track Without Preparation
The Issue: The $75 Fast Track challenge seems like an amazing deal (it is!), but the 14-day time limit causes traders to overtrade and force low-quality setups. With no reset option, one bad day ends the evaluation permanently.
The Fix:
- • Only attempt Fast Track if you trade daily and have a proven 60%+ win rate
- • Paper trade the strategy for 2 weeks before starting to verify you can hit 6% in 14 days
- • If you're part-time or swing trade, choose the 30-day 1-Step instead ($235 with $75 reset option)
Mistake #2: Forgetting to Close Before Market Close
The Issue: Most Elite TF programs require all positions closed 1 minute before market close. Traders get comfortable holding winners and forget this rule, resulting in automatic account termination.
The Fix:
- • Set a platform alarm for 15 minutes before close (3:45 PM EST for ES/NQ)
- • Use OCO (One-Cancels-Other) orders with auto-close times built in
- • If you need swing trading flexibility, choose Diamond Hands program instead
Mistake #3: Ignoring the Trailing Drawdown on Winning Days
The Issue: The 1-Step uses an intraday trailing drawdown. If you're up $2,000 at midday, your drawdown threshold moves up with you. Traders who give back profits can hit the trailing limit and fail, even if they're still net positive for the day.
The Fix:
- • Once you're up significantly, tighten stops and protect profits
- • Stop trading for the day after hitting 50% of your weekly profit goal
- • Use the EOD Drawdown program if you prefer end-of-day risk calculation instead
Mistake #4: Not Taking Advantage of the $75 Reset
The Issue: Some traders view a failed evaluation as a complete loss and give up. They don't realize Elite TF's $75 reset is the cheapest second chance in the industry.
The Fix:
- • Budget for 1-2 resets from the start ($235 + $75 + $75 = $385 total)
- • Review your trading journal after failing to identify exact mistakes
- • Most successful traders pass on attempt 2-3, not attempt 1
- • At $75 per reset, you can afford to learn and improve affordably
Mistake #5: Choosing the Wrong Challenge Type for Your Style
The Issue: A swing trader choosing 1-Step (must close daily) or a scalper choosing Diamond Hands (3.5% drawdown too tight for their style) sets themselves up for failure.
The Fix:
- • Scalpers/Day traders: 1-Step (no daily loss limit, trailing DD)
- • Swing traders: EOD or Diamond Hands (overnight holds allowed)
- • Conservative traders: Static (fixed DD, easier to manage)
- • Aggressive/confident traders: Fast Track (14 days, cheapest)
Key Takeaway: Most Elite Trader Funding failures are due to rule violations, not lack of trading skill. Study the program rules for your chosen challenge type, set platform alerts, and budget for 1-2 resets. The traders who pass are the ones who trade within the structure, not against it.
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After analyzing successful Elite Trader Funding traders, we've identified proven strategies that consistently lead to passing evaluations and getting funded:
Strategy #1: The Conservative Approach (Beginners)
Best for: New traders or those who've failed previous evaluations
Method:
- • Target 0.5-1% profit per week (not per day)
- • Risk 0.5-1% per trade maximum
- • Trade only A+ setups (your best 2-3 proven strategies)
- • Take 15-20 trades spread over 20-25 days
- • Stop trading after hitting 80% of profit target, coast the rest
Why it works with Elite TF: The 30-day evaluation period (or unlimited for some programs) gives you plenty of time. The 6% target means you only need $200/day average on a 100K account. No consistency rule means you can go slow and steady. Expected timeline: Pass in 3-4 weeks.
Strategy #2: The Balanced Approach (Intermediate)
Best for: Traders with proven track records and consistent win rates
Method:
- • Target 0.3-0.5% profit per day
- • Risk 1-2% per trade
- • Mix of scalping (60%) and swing trades (40%)
- • 25-35 trades total over 15-20 trading days
- • Capitalize on 2-3 "big move" days for 40-50% of target
Elite TF specific advantages: No consistency rule allows you to crush it on NFP/FOMC days. Intraday trailing drawdown (1-Step) gives flexibility for scalpers. Daily payouts mean you can withdraw profits quickly once funded. Expected timeline: Pass in 2-3 weeks.
Strategy #3: The Fast Track Blitz (Advanced Only)
Best for: Highly experienced traders with excellent win rates (65%+) and daily trading discipline
Method:
- • Use the $75 Fast Track Challenge (14 days only)
- • Target profit quickly within first 7-10 days
- • Risk 2-3% per trade maximum
- • High-probability setups only (A+ rated)
- • Fewer, larger trades (10-15 total)
⚠️ Warning: Only attempt if you have a verified 65%+ win rate, trade ES/NQ daily, and can handle pressure. No reset option means failure = lost $75. However, if you pass, you save $160 vs standard 1-Step. Expected timeline: Pass in 10-14 days or fail trying.
Universal Success Principles
Regardless of your chosen approach, follow these rules:
✅ Do:
- • Journal every trade with screenshots
- • Review daily performance before sleeping
- • Stick to your trading plan religiously
- • Use demo to practice platform first
- • Take mandatory breaks after 2 losses
❌ Don't:
- • Revenge trade after a loss
- • Increase position size when behind
- • Trade without stop-loss
- • Ignore the evaluation rules
- • Rush to hit profit targets early
MLS Score™ – Elite Trader Funding Rating
Our proprietary rating based on real trader data and performance metrics
Mixed reviews, some payout concerns
5 challenge types, multiple options
100% first $12.5K, then 90/10
$80/month fee, support varies
$75 reset, but monthly costs add up
Best For:
- •Budget-conscious futures traders
- •Active traders (daily/weekly trades)
- •News traders capitalizing on moves
- •Those wanting daily payout access
Avoid If:
- •You trade forex, stocks, or crypto
- •You want zero monthly fees
- •You prefer established brands
- •You make less than 10 trades/month
Our Verdict
Elite Trader Funding offers competitive pricing and an attractive profit split structure for futures traders. The 100% profit on the first $12,500 combined with the 90/10 split thereafter, plus the $75 reset option, makes it an accessible entry point for traders on a budget.
The variety of challenge types (1-Step, EOD, Fast Track, Static, Diamond Hands) allows traders to choose a program that fits their style. This flexibility is a genuine advantage.
That said, the 3.7/5 Trustpilot rating reflects mixed experiences. Some traders report issues with payout delays. The $80 monthly fee for funded accounts is also a consideration.
Looking for alternatives? For better reputation: Apex Trader Funding or TopStep. For forex: FTMO
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Frequently Asked Questions
1.How much does Elite Trader Funding cost?
Elite Trader Funding starts at just $75 for the Fast Track Challenge (100K account). Their 1-Step Evaluation for a 100K account costs $235. All funded accounts require an $80/month activation fee. This makes Elite TF one of the most affordable futures prop firms, especially with their industry-leading $75 reset option.
2.What is the profit split at Elite Trader Funding?
Elite Trader Funding offers an industry-leading profit split: you keep 100% of the first $12,500 in profits, then receive 90% of all profits beyond that (90/10 split).
3.How fast are Elite Trader Funding payouts?
Elite Trader Funding processes payouts incredibly fast. Live Elite Accounts receive daily payouts Monday through Friday. Sim-Funded Accounts get paid every Wednesday.
4.What challenge types does Elite Trader Funding offer?
Elite Trader Funding offers 5 distinct challenge types: 1) 1-Step Evaluation, 2) EOD Drawdown, 3) Fast Track, 4) Static Drawdown, and 5) Diamond Hands.
5.Can I hold positions overnight with Elite Trader Funding?
Yes, but only with the Diamond Hands challenge program. All other programs require you to close all positions 1 minute before market close.
6.Is there a consistency rule at Elite Trader Funding?
No! Elite Trader Funding does not enforce a consistency rule. You can capitalize on major market moves without artificial constraints.
Have More Questions?
Visit the Elite Trader Funding Help Center for detailed program rules, or reach out to their support team via email or live chat. Response times are typically under 24 hours.
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