It is important to take note of Elite trader funding supported and restricted countries, especially for traders looking to join the prop firm. Elite Trader Funding (ETF) is a prop trading firm that aims to provide traders worldwide with opportunities to earn live funding based on their performance in simulated accounts. While the ETF supports a global community of traders, certain restrictions exist due to regulatory requirements and compliance issues. This article explores the accessibility of Elite Trader Funding, detailing elite trader funding supported and restricted countries, trading platforms, and essential information for prospective traders.
Let's Pass Your Prop Firm Challenge
We take the burden of passing prop firm evaluations and handle your challenge passing of both phases within 1 month. Contact us today.
Overview of Elite Trader Funding
Elite Trader Funding offers traders the chance to manage accounts by demonstrating their skills in simulated trading environments. Successful completion of an evaluation program can lead to live funding. The ETF emphasizes assessing risk management, consistency, and the ability to meet profit targets.
Characteristics Of Elite Trader Funding
- Live Funding Opportunities: ETF provides traders with an opportunity to earn live funding based on their trading performance in simulated accounts.
- Simulated Accounts: Traders begin in a risk-free simulated environment.
- Evaluation Programs: ETF assesses risk management, consistency, and profit targets.
- Trading Instruments: ETF provides access to the 76 most popular futures contracts, including currencies, cryptocurrencies, stocks, agricultural commodities, metals, and energies.
- Trading Platforms: ETF partners with multiple platforms, including NinjaTrader, Rithmic, TradingView, and Tradovate.
- Profit Splits: Traders keep 80-100% of the profit. The ETF allows traders to keep 100% of their first $12,500 in profits.
Elite Trader Funding Supported Countries
Elite Trader Funding supports a global community of traders. However, specific information on all elite trader funding supported countries is not readily available.
Elite Trader Funding Restricted Countries
Due to regulatory restrictions imposed by U.S. Futures Commission Merchants (FCMs), clearing firms, and brokers, Elite Trader Funding is unable to accept traders from certain countries. Additionally, restrictions from the Office of Foreign Assets Control (OFAC) may prevent brokerage partners from providing accounts to residents of these countries.
The elite trader funding restricted countries are:
- Afghanistan
- Albania
- Algeria
- Angola
- Azerbaijan
- Bahamas
- Bangladesh
- Barbados
- Belarus
- Belgium
- Bosnia and Herzegovina
- Botswana
- Bulgaria
- Burma
- Burundi
- Cambodia
- Central African Republic
- Congo Free State
- CĆ“te DāIvoire
- Crimea
- Croatia
- Cuba
- Democratic Republic of Congo
- Ecuador
- Ethiopia
- Ghana
- Guyana
- Iceland
- Indonesia
- Iran
- Iraq
- Jamaica
- Kosovo
- Laos
- Lebanon
- Liberia
- Libya
- Mauritius
- Mongolia
- Montenegro
- Nicaragua
- North Korea
- North Macedonia
- Pakistan
- Panama
- Papua New Guinea
- Peru
- Russia
- Serbia
- Slovenia
- Somalia
- South Sudan
- Sri Lanka
- Sudan
- Syria
- Trinidad and Tobago
- Tunisia
- Uganda
- Ukraine
- Venezuela
- Vietnam
- Yemen
- Zimbabwe
It is important to note that this list is subject to change based on regulatory updates and restrictions from brokerage and clearing partners. It is the userās responsibility to understand and adhere to the laws of their country. There may be countries restricted from joining the Live Elite program that are not listed.
Evaluation Process
The evaluation process at Elite Trader Funding is designed to assess a traderās risk management skills, consistency, and ability to meet profit targets. The process involves:
- Choosing a Program: Selecting an evaluation program that fits the traderās style and goals.
- Trading in a Simulated Account: Trading risk-free to showcase strategies.
- Meeting Requirements: Hitting profit targets and following risk management rules in an evaluation and Elite Sim Funded account.
- Earning Live Funding: Demonstrating consistency in an Elite Sim-Funded account to receive live funds for trading in real markets.
Trading Platforms and Instruments
Elite Trader Funding offers access to a range of trading platforms, including NinjaTrader, Rithmic, TradingView, and Tradovate. This provides traders with flexible options for their trading needs. The firm offers 76 instruments, including futures on currency, cryptocurrency, agricultural commodities, energies, and metals.
Market Data
When purchasing an evaluation from Elite Trader Funding, traders receive essential market data as part of the package. Understanding the difference between Professional and Non-Professional market data is essential. These classifications determine the cost and usage of the market data provided.
Commissions
Elite Trader Funding is committed to providing clear information about commissions associated with trading and the exchanges it supports.
Advantages of Elite Trader Funding
- Multiple Account Options: Offers several types of accounts and tariffs with funding opportunities ranging from $10,000 to $300,000.
- Free Trial: New partners can use all services for free within a 14-day trial period.
- Profit Splits: A trader receives 80-100% of the profit.
- Variety of Instruments: Access to 76 popular futures contracts.
- No Restrictions on Strategies: Traders can use leverage, and there are no restrictions on strategies.
Conclusion
Elite Trader Funding offers a pathway for traders to access funding and trade various financial instruments. While the firm aims to offer opportunities globally, a significant number of countries are restricted due to regulatory and compliance considerations. Elite Trader Funding emphasizes providing opportunities to traders worldwide, but users must ensure they comply with all applicable rules and regulations. For traders residing in supported countries, Elite Trader Funding provides a platform to demonstrate their skills and potentially gain access to funded accounts.
Frequently Asked Questions
Why Do Elite Trader Funding Restrict Certain Countries?
- Restrictions are primarily due to regulatory compliance issues and legal standards that prevent foreign financial services firms from operating within certain jurisdictions.
How Can I Verify If My Country Is Supported By Elite Trader Funding?
- You can check your eligibility by visiting Elite trader funding official website or reviewing their terms of service for the most current list of supported and restricted countries.
What Should I Do If My Country Is Restricted?
- If your country is on the restricted list, consider exploring other proprietary trading firms that may offer similar opportunities without geographical limitations.
