Elite trader funding account types and differences offer a variety of account kinds to suit different trading methods and skill levels. By providing a variety of cutting-edge account types that are intended to suit a range of trading methods and ability levels, Elite Trader Funding (ETF) distinguishes itself in the proprietary trading market. The firm was established with the goal of offering flexible trading alternatives, and it has created a distinctive method for dealing with prop trading difficulties. This article will examine Elite trader funding account types and differences.
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Account Type Ecosystem
Elite Trader Funding sets itself apart by providing five different kinds of account challenges:
- 1 Step Challenge
- End of Day (EOD) Challenge
- The Fast Track Challenge
- Static Drawdown Challenge
- The Diamond Hands Challenge
Comparative Challenge Parameters
Challenge Type: 1 Step
- Profit Target: 12.5% ā 6.7%
- Max Daily Loss: 2.2% ā 1.7%
- Max Drawdown: 10% ā 2.5%
- Trading Days: Flexible
Challenge Type: End Of Day
- Profit Target: 7% ā 6%
- Max Daily Loss: 1.5%
- Max Drawdown: 6% ā 2.8%
- Trading Days: 5 minimum
Fast Track: Challenge Type
- Profit Target: 8% ā 6.%
- Max Daily Loss: Varies
- Max Drawdown: 3% ā 2.6%
- Trading Days: 5 minimum
Challenge Type: Static Drawdown
- Profit Target: 1.3% ā 2.6%
- Max Daily Loss: Varies
- Max Drawdown: 3.5%
- Trading Days: 5 minimum
Challenge Type: Diamond Hands
- Profit Target: 5%
- Max Daily Loss: Varies
- Max Drawdown: Flexible
- Trading Days: 5 minimum
Unique Account Features
Mechanisms for Tracking Drawdowns:
- In the majority of account types, trailing drawdown
- Static drawdown for particular challenges
- Drawdown reset potential with profit achievement
Leverage Options
Instrument-Specific leverage:
- Forex: Up to 1:100
- Indices: Up to 1:50Ā
- Metals: Up to 1:50
- Commodities: Up to 1:50
- Stocks: Up to 1:10Ā
- Cryptocurrency: Up to 1:3.3
Variety of Trading Instruments
CFD Products:
- Forex pairs
- Indices
- Metals
- Commodities
- Stocks
- Cryptocurrencies
Futures Products:Ā
- Equity Futures
- Foreign Exchange Futures
- Agricultural Futures
- Energy Futures
- Interest Rate Futures
- Metals Futures
- Cryptocurrencies Futures
- Bonds Futures
Sharing of Profits and Withdrawals
Structure of Profit Splitting
- 80% initial profit split
- Possibility of scaling to 90%
- Options for monthly payouts
Minimum Balance Rules
Unique Balance Management:
- Drawdown trails highest end-of-day balance.
- Minimum safeguards mechanism for balance
- Static balance maintenance requirements
Competitive Advantages
- Various kinds of challenges
- Comprehensive selection of instruments
- Flexible trading techniques
- Weekend and overnight trading is permitted.
- Absence of obligatory stop-loss conditions
Eligibility of Traders
- Risk-conscious traders
- Adaptable to various trading circumstances
- Experienced in diverse market instruments
- Capable of strategic risk management
Fee Schedules
Options for Activating an Account:
- One-time activation cost
- Monthly recurring plan
- Different prices depending on the size and kind of account
In conclusion
A comprehensive, multifaceted strategy for prop trading is provided by Elite Trader Funding. The firm builds a strong ecosystem for traders looking for funded account chances by offering a variety of account kinds, adaptable trading conditions, and extensive instrument access. Traders should carefully review specific challenge rules and personal trading capabilities before committing to any evaluation program.
Frequently Asked Questions
1. What Are The Account Size Range In Elite Trader Funding?
- Minimum account size: $10,000
- Maximum account size: $300,000
- Multiple funding levels available
2. What Platforms Are Supported In Elite Trader Funding?
- NinjaTrader
- TradingView
- Tradovate
- Rithmic
3. What Makes Elite Trader Funding Unique?
- Free 14-day trial period
- Account reset option for $75
- Multiple challenge types
- Flexible trading conditions
- Comprehensive instrument selection
4. Are There Any Position Limits On Elite Trader Funding?
- Yes, there are strict limits on the maximum number of simultaneous open positions. Exceeding these limits can result in account closure.
