Based on checking the website, Elitesfunding.com appears to be a proprietary trading firm offering individuals the chance to trade with simulated capital after passing a challenge.

It presents two main evaluation programs: a “Standard Evaluation” two-step challenge and an “Express Challenge” single-step challenge. The core proposition is to identify skilled traders through these evaluation phases and then provide them with access to significant simulated capital, aiming for a profit-sharing model where traders can earn a percentage of the virtual profits generated.

The platform emphasizes features like no time limits on evaluations, free retakes, competitive profit splits, and responsive customer support, positioning itself as a viable option for aspiring traders looking to scale their trading operations without risking their own substantial capital.

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IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

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Table of Contents

Understanding the Elitesfunding.com Model: Prop Firm or Something Else?

Elitesfunding.com operates as what is commonly known as a prop firm, or proprietary trading firm. However, it’s crucial to understand that they provide simulated capital, not actual direct investment capital in the traditional sense. This means you aren’t trading with their actual money, but rather a virtual account that mirrors real market conditions. Your success in the evaluation phases determines your ability to access these simulated larger accounts, and any virtual profits you generate are then shared with the firm, often with the initial challenge fee being refunded upon success.

What is a Prop Firm in This Context?

A prop firm like Elitesfunding.com essentially acts as a talent scout for traders. They set up rigorous evaluation processes designed to identify individuals who can consistently generate virtual profits while managing risk effectively.

Evaluation Phase: This is where potential traders demonstrate their skills on a simulated trading account. They must adhere to specific profit targets and strict loss limits daily and overall.
Funded Account Simulated: Upon successful completion of the evaluation, the trader is given access to a larger simulated trading account. This isn’t real money being deposited into your brokerage account, but rather a virtual allocation where your performance is tracked.
Profit Split: If you generate virtual profits on the funded account, a predetermined percentage of these profits e.g., 80% is paid out to you, while the firm retains the rest.

The Role of Simulated Capital

The concept of “simulated capital” is central to Elitesfunding.com’s model.

It allows traders to operate with larger account sizes than they might personally possess, without the firm taking on direct market risk from the trader’s individual performance.

Risk Management: For the firm, using simulated capital means they are not directly exposed to market losses incurred by individual traders. Their primary risk is the administrative cost of running the platform and processing payouts from the virtual profits.
Scalability for Traders: For traders, it offers an incredible opportunity to scale their trading operations significantly. Imagine being able to trade with a $200,000 account, even if your personal capital is only a fraction of that. This leverage, albeit simulated, can lead to substantially higher potential payouts if you’re consistently profitable.
Learning Environment: It also functions as a structured learning and proving ground. Traders are forced to adhere to strict risk parameters, which can instill disciplined trading habits.

Why Traders Opt for Prop Firms

Many aspiring and experienced traders turn to prop firms for several compelling reasons: Hrscleaning.co.uk Reviews

Access to Capital: The most obvious benefit is gaining access to substantial simulated capital, which is otherwise difficult or impossible for individual retail traders to acquire.
Risk Mitigation: Instead of risking your entire personal capital, you pay a relatively small fee for the challenge, effectively capping your initial financial outlay.
Psychological Edge: Trading with “other people’s simulated money” can alleviate some of the intense psychological pressure associated with trading your own life savings.
Structured Environment: The rules and parameters set by prop firms force traders to adopt a disciplined, risk-managed approach, which is crucial for long-term success in the markets.

Navigating Elitesfunding.com’s Evaluation Programs

Elitesfunding.com offers two distinct evaluation pathways: the “Standard Evaluation” and the “Express Challenge.” Each has its own set of rules, profit targets, and loss limits designed to assess a trader’s proficiency.

Understanding these differences is key to choosing the right path for your trading style and experience level.

Standard Evaluation: The Two-Step Challenge

The Standard Evaluation is a classic two-phase process, mirroring what many established prop firms offer.

It’s designed to thoroughly test a trader’s consistency and ability to navigate different market conditions over a sustained period.

Phase 1 Objectives: Relaytech.co Reviews
- Profit Target: Traders must achieve a profit target of 9% of the initial account balance. For a $10,000 account, this is $900. for a $200,000 account, it’s $18,000.
- Maximum Overall Loss: The account must not hit a maximum overall loss of 10% of the initial balance. This includes both open and closed trades.
- Maximum Daily Loss: A daily loss limit of 5% of the initial balance is imposed. This resets daily and is a crucial risk management metric.
- Minimum Trading Days: A minimum of 5 trading days is required to complete Phase 1. This ensures traders demonstrate consistency, not just a lucky streak.
- Time Limit: No time limit is specified, which is a significant advantage for traders who prefer to take their time and not rush trades.
- Trading Leverage: 1:100 leverage is available.
Phase 2 Objectives:
- Profit Target: The profit target for Phase 2 is 5% of the initial account balance. This is lower than Phase 1, focusing more on steady performance.
- Maximum Overall Loss: The maximum overall loss remains 10%.
- Maximum Daily Loss: The maximum daily loss remains 5%.
- Minimum Trading Days: A minimum of 5 trading days is again required.
- Time Limit: Similar to Phase 1, there is no time limit.
- Trading Leverage: 1:100 leverage.
Key Features of Standard Evaluation:
- Free Retake: Elitesfunding.com explicitly states that a free retake is included if you don’t breach any rules but fail to meet the profit target. This is a considerable benefit, offering a second chance without additional cost.
- Refundable Fee: Upon successful completion of both phases and obtaining a funded account, the initial challenge fee is typically refunded with the first payout. This effectively makes the challenge free if you succeed.

Express Challenge: The Single-Step Shortcut

For traders who prefer a faster route to a simulated funded account, the Express Challenge offers a single-step evaluation process.

While quicker, it also comes with tighter risk parameters.

Evaluation Phase Objectives: Drfone.wondershare.com Reviews
- Profit Target: A higher profit target of 10% of the initial account balance. For a $10,000 account, this is $1,000. for a $200,000 account, it’s $20,000.
- Maximum Overall Loss: A stricter maximum overall loss of 6% of the initial balance. This is notably tighter than the 10% in the Standard Evaluation.
- Maximum Daily Loss: A tighter daily loss limit of 3% of the initial account balance.
- Minimum Trading Days: A minimum of 4 trading days is required, slightly less than the Standard Evaluation.
- Time Limit: No time limit is specified.
Key Features of Express Challenge:
- Faster Access: The primary appeal is the single-step nature, allowing quicker access to a simulated funded account if successful.
- Higher Profit Target Initial: While only one step, the 10% profit target is higher than Phase 1 of the Standard Evaluation.
- Tighter Loss Limits: The 6% overall loss and 3% daily loss limits demand a more conservative and precise trading strategy. This means less room for error compared to the Standard Evaluation.
- Refundable Fee: Similar to the Standard Evaluation, the initial challenge fee is refundable upon success and first payout.

Choosing Your Path: Standard vs. Express

The choice between the Standard Evaluation and the Express Challenge largely depends on your trading style, risk tolerance, and confidence level.

Choose Standard Evaluation if:
- You prefer more breathing room with loss limits 10% overall, 5% daily.
- You are comfortable with a two-phase process that allows for more gradual progress.
- Your strategy might involve slightly larger drawdowns or longer periods to hit profit targets.
- You value the “free retake” option as a safety net.
Choose Express Challenge if:
- You are a highly consistent trader with a very tight risk management approach.
- You can hit higher profit targets quickly and efficiently.
- You prefer a single-step process to get to a simulated funded account faster.
- Your strategy inherently operates within very low drawdown parameters.

Understanding these parameters intimately before committing to a challenge is paramount. Printblur.com Reviews

Many aspiring prop traders underestimate the impact of daily and overall drawdown limits, leading to early exits from the challenges.

Account Sizes and Pricing Structure

Elitesfunding.com offers a range of simulated account sizes, catering to different levels of ambition and financial commitment.

The cost of entering a challenge directly correlates with the desired simulated capital, reflecting the potential payout opportunities.

Available Simulated Account Sizes

Elitesfunding.com provides several tiers of simulated accounts for both its Standard Evaluation and Express Challenge programs:

$10,000
$25,000
$50,000
$100,000
$200,000

These figures represent the simulated capital you would be trading with upon successful completion of the evaluation. The objective is to give traders experience with larger capital and the potential for greater virtual profits. Nirvanasystems.com Reviews

Pricing for Standard Evaluation Challenges

The fees for the Standard Evaluation 2-step challenge are as follows:

$10,000 Account: $95
$25,000 Account: $209
$50,000 Account: $299
$100,000 Account: $499
$200,000 Account: $949

It’s important to note that these fees are refundable upon successful completion of both evaluation phases and the first payout from the simulated funded account. This policy is a common incentive among prop firms, effectively making the challenge free if you prove your profitability.

Pricing for Express Challenge Challenges

The fees for the Express Challenge 1-step challenge are generally slightly higher than the Standard Evaluation for comparable simulated account sizes, reflecting the quicker path to a simulated funded account:

$10,000 Account: $105
$25,000 Account: $239
$50,000 Account: $349
$100,000 Account: $569
$200,000 Account: $1,090

Similar to the Standard Evaluation, these fees are also refundable once you successfully pass the single-step challenge and receive your first payout from the simulated funded account.

Cost-Benefit Analysis and Refund Policy

When considering the costs, it’s essential to factor in the refund policy. Capitalholdings.de Reviews

If you are confident in your trading abilities, the initial fee acts more like a deposit that you get back upon success.

Lower Risk Entry: Compared to self-funding a live account with $200,000 which would require substantial personal capital, paying a $949 or $1,090 fee for the opportunity to trade with that much simulated capital is a significantly lower financial risk.
Investment in Skill: View the fee as an investment in proving your trading skill. If you pass, not only do you get the fee back, but you also unlock the potential for consistent payouts from simulated profits.
Impact of Failure: If you fail the challenge by hitting a loss limit or not reaching the profit target within the rules, the fee is typically not refunded. However, the inclusion of a “free retake” for the Standard Evaluation can mitigate this risk, offering a second attempt at no extra cost if you haven’t breached rules.

For example, selecting a $100,000 Standard Evaluation account costs $499. If a trader successfully passes both phases and receives a payout, this $499 is returned.

This structure incentivizes traders to take the challenge seriously and strive for consistency.

The difference in price between the Standard and Express challenges, for example, a $100,000 Standard at $499 versus a $100,000 Express at $569, highlights the premium placed on the faster, single-step route.

Profit Split and Scaling Opportunities

One of the most attractive features of prop firms like Elitesfunding.com is the profit-sharing model. Primesty.com Reviews

This allows successful traders to receive a significant portion of the virtual profits they generate, while also providing a clear path for increasing their earning potential through a scaling plan.

Default Payout Ratio: 80:20

Elitesfunding.com clearly states its default profit split:

80:20 Payout Ratio: This means that once a trader successfully navigates the evaluation process and begins trading on a simulated funded account, 80% of the virtual profits generated belong to the trader, and 20% is retained by Elitesfunding.com.

This 80% share is quite competitive within the prop trading industry.

Many firms offer 70:30 splits, so 80:20 positions Elitesfunding.com favorably in terms of trader incentive.

Scaling Plan: Growing Your Profit Share to 90%

Beyond the default 80:20 split, Elitesfunding.com mentions a scaling plan that allows top-performing traders to increase their profit share: Branditright.co.uk Reviews

Up to 90% Profit Share: The website states, “However, if you meet our scaling plan, your share can grow up to 90%.” While the exact criteria for the scaling plan are not detailed on the homepage, such plans typically involve:
- Consistent Profitability: Demonstrating sustained virtual profitability over several payout cycles.
- Risk Management: Maintaining excellent risk management, staying consistently within drawdown limits, and showing discipline.
- Performance Metrics: Achieving specific profit targets over a set period e.g., generating X% profit over 3 months without a major drawdown.
- Account Growth: Some scaling plans might involve increasing the simulated capital size of the funded account as a reward for consistent performance, which naturally leads to higher absolute profit potential for the trader.

A 90% profit share is exceptionally high in the prop firm world and serves as a strong motivator for traders to perform consistently and manage risk effectively.

It underscores the firm’s desire to retain and reward their most skilled simulated traders.

Payout System and Processing

The process for requesting and receiving payouts is a critical aspect for any trader considering a prop firm.

Elitesfunding.com outlines a straightforward payout system:

Request Payout: Traders can request payouts from their dedicated “Member Area” once they have achieved virtual profits on their simulated funded account.
Processing Time: Payouts are stated to be processed within 14 days of the request. This timeframe is relatively standard for the industry. Some firms offer weekly or bi-weekly payouts, while others might have a monthly cycle. A 14-day window provides reasonable liquidity for traders.
Payout Method: The financial team will send the payment to the trader’s “chosen payout method.” While the website doesn’t specify the exact methods e.g., bank transfer, crypto, e-wallets, most modern prop firms offer a variety of options to accommodate a global user base.

Importance of Consistent Performance

The profit-sharing and scaling models inherently reward consistent performance. Aceable.com Reviews

Avoid Chasing Big Payouts: While the potential for large payouts can be alluring, the strict daily and overall loss limits mean that aggressive, high-risk trading often leads to failing the challenge or losing the funded account.
Focus on Process: Traders who focus on consistent, low-risk, and repeatable strategies are more likely to meet the scaling plan criteria and achieve the higher profit split. For example, if a trader manages to generate a consistent 5% virtual profit per month on a $100,000 simulated account, that’s $5,000 in virtual profit, leading to a $4,000 payout at an 80% split. Over time, this compounds into substantial earnings.

The opportunity to earn 80% or even 90% of significant simulated profits, coupled with the refund of the initial challenge fee, positions Elitesfunding.com as a potentially attractive option for disciplined traders seeking capital to scale their virtual operations.

Key Features and Benefits Highlighted by Elitesfunding.com

Elitesfunding.com emphasizes several features and benefits on its website, aiming to attract and retain traders.

These points often address common concerns and desires of individuals looking to join a prop trading platform.

Seamless Simulated Capital Access

The core offering of Elitesfunding.com revolves around providing traders with access to substantial simulated capital.

This is presented as a fundamental step for aspiring traders to realize their potential without tying up their own significant funds. Jobleads.com Reviews

Opportunity for Growth: For many retail traders, capital limitations are a major hurdle. Elitesfunding.com aims to remove this barrier by offering simulated accounts ranging from $10,000 to $200,000. This allows traders to operate with capital sizes that are typically out of reach for individual investors.
Thrive in Trading: The platform suggests that this access enables traders to “thrive,” implying that with larger virtual capital, traders can take advantage of more opportunities and potentially generate greater virtual profits, leading to higher payouts.

Free Retake Included in All Evaluations

This is a highly competitive and trader-friendly feature.

Many prop firms charge a fee for retakes or require traders to purchase a new challenge if they fail.

Mitigation of Initial Failure: If a trader fails to meet the profit target but does not breach any rules e.g., daily or overall loss limits, they are granted a free retake. This significantly reduces the financial pressure and encourages traders to learn from their experience without immediate additional cost.
Increased Chance of Success: It essentially offers a safety net, allowing traders to refine their strategy and try again without the immediate penalty of another challenge fee. This can be particularly beneficial for those who are new to prop firm challenges.

Lowest Commission Through TradeLocker

Elitesfunding.com partners with TradeLocker to offer what they claim are the “best possible simulated trading conditions,” including “lowest commission.”

Cost Efficiency: Lower commissions mean that more of the generated virtual profit remains with the trader. In simulated trading, while actual commissions aren’t paid out of real money, they are factored into the virtual P&L. A lower commission structure would mean that the virtual account balance is less depleted by trading costs, making it easier to hit profit targets and retain more virtual profit.
Trading Platform: The mention of TradeLocker indicates the trading platform used for their simulated accounts. Traders should investigate TradeLocker to ensure it meets their technical and analytical needs.

Intuitive Dashboard

A user-friendly interface is crucial for a smooth trading experience, especially when monitoring progress against strict challenge rules.

Progress Tracking: The dashboard is designed to allow traders to “keep track of your progress and your simulated trades very easily.” This likely includes real-time updates on:
- Current profit/loss.
- Distance to profit target.
- Proximity to daily and overall loss limits.
- Minimum trading days remaining.
User Experience: An intuitive dashboard helps traders stay compliant with the rules and manage their risk effectively, reducing the chances of accidental breaches due to a lack of clarity.

Live Chat Support

Responsive customer support is often a make-or-break factor for online platforms. 3chlorine.com Reviews

Fast Assistance: Elitesfunding.com offers “live chat to get fast support with any problem you have regarding our platform.” This suggests immediate assistance for technical issues, rule clarifications, or payout inquiries.
Problem Resolution: Good support can significantly enhance a trader’s experience, especially when dealing with the complexities of trading and specific prop firm rules. The testimonials also highlight positive experiences with customer service, mentioning “fast and very professional” support.

These features collectively aim to build trust and provide a supportive environment for traders to pursue their simulated funding goals.

The free retake, in particular, stands out as a strong incentive, lowering the entry barrier for those hesitant about the challenge fees.

Community and Support Infrastructure

Beyond the technical aspects of the challenges, Elitesfunding.com emphasizes its community and support infrastructure, aiming to create a comprehensive environment for its traders.

Building a Community: Social Media Presence

Elitesfunding.com actively promotes its presence on various social media platforms, indicating an effort to build a community around its brand:

Twitter: Often used for real-time updates, market commentary, and quick announcements.
Instagram: Visual content, perhaps success stories, platform updates, or lifestyle related to trading.
Telegram: A popular platform for instant messaging, often used by prop firms for live updates, support groups, or sharing trading insights among members. This could be a significant hub for active community interaction.
Facebook: A broader platform for news, announcements, and engaging with a wider audience.
YouTube: Likely used for educational content, platform tutorials, interviews, or success stories, providing visual learning and engagement.

A strong social media presence can be a positive sign, suggesting transparency and a willingness to engage with their user base. For traders, these channels can offer: Tieronecare.co.uk Reviews

Peer Support: Connecting with other traders undergoing the same challenges.
Information Sharing: Access to firm updates, rule changes, or tips.
Direct Communication: Another avenue to reach the firm for inquiries.

Live Chat Support: A Direct Line

As previously mentioned, the availability of live chat support is a significant benefit.

Immediate Assistance: In trading, timely information and problem resolution are critical. A live chat ensures that traders can get answers to urgent questions about their account, trades, or platform issues without lengthy delays.
Human Interaction: One testimonial explicitly mentions, “it’s a human not a robot behind the chat,” which is a crucial aspect for many users who prefer direct, empathetic support over automated responses. This suggests a commitment to personalized service.

FAQ Section: Self-Service Support

Elitesfunding.com points users towards its comprehensive FAQ section, which is a standard and essential component of good customer support.

Detailed Answers: The FAQ aims to provide “clear, detailed answers to the queries our traders ask the most.” This allows traders to quickly find solutions to common issues or understand complex rules without needing to contact support directly.
Empowerment: A well-structured FAQ empowers users to resolve their own issues, freeing up live support for more complex or unique problems. Topics typically covered include:
- Challenge rules and parameters.
- Account types and pricing.
- Payout procedures.
- Platform usage.
- Risk management guidelines.

Testimonials: Social Proof

The website prominently features testimonials from “satisfied traders.” While testimonials should always be taken with a grain of salt as they are curated by the firm, they can offer insights into common positive experiences.

Recurring Themes: In the provided testimonials, several themes emerge:
- Fast and Professional Support: Multiple traders praise the responsiveness and helpfulness of the customer service team.
- Good Profit Split: The 80/20 and potential 90% profit split is frequently highlighted as a positive.
- Fast Payouts: Traders mention receiving their first withdrawals quickly.
- User-Friendly Platform: Simplicity and ease of use are noted.
- Owner’s Involvement: One specific testimonial mentions the owner “helped them pass the challenges,” though this claim should be viewed with skepticism, as prop firms generally do not “help” traders pass challenges in an active trading sense. It might refer to guidance on rules or platform usage.

The combination of social media engagement, direct live support, a comprehensive FAQ, and positive testimonials suggests that Elitesfunding.com is actively working to build a supportive ecosystem for its traders.

However, always conduct your own due diligence, perhaps by searching for independent reviews beyond the firm’s website. Akusoli.com Reviews

Requirements for Traders and Risk Management Parameters

Succeeding with a prop firm like Elitesfunding.com is less about pure trading skill and more about consistently adhering to strict risk management parameters.

Understanding these requirements is paramount before attempting any challenge.

Minimum Trading Days

Both the Standard Evaluation and Express Challenge have minimum trading day requirements:

Standard Evaluation: 5 minimum trading days for each of the two phases Phase 1 and Phase 2.
Express Challenge: 4 minimum trading days for the single evaluation phase. Nookmart.com Reviews
Purpose: This rule isn’t about how much you trade, but how many days you trade. It prevents traders from getting lucky with one or two large trades and then stopping. It forces consistency over a short period.
Implication: Even if you hit your profit target on day 1, you still need to place at least one trade on subsequent days to meet the minimum trading day requirement. This trade can be minimal, just enough to register as a trading day.

No Time Limit

A significant advantage offered by Elitesfunding.com is the absence of a time limit for either evaluation program.

Reduced Pressure: Many prop firms impose time limits e.g., 30 days for Phase 1, 60 days for Phase 2. No time limit allows traders to:
- Wait for Optimal Setups: Avoid forcing trades out of a desire to beat the clock.
- Trade Naturally: Follow their established strategy without artificial time constraints.
- Manage Market Conditions: Sit out volatile periods or trade less frequently during holidays without penalty.
Focus on Rules: The focus shifts entirely to hitting profit targets and, critically, avoiding the maximum daily and overall loss limits, rather than a race against time.

Maximum Overall Loss

This is one of the most critical rules to understand and manage, as breaching it immediately fails the challenge.

Definition: The maximum overall loss is the total amount your account balance including open trades can drop from its initial balance or highest recorded equity level.
Standard Evaluation: 10% of the initial balance. For a $100,000 account, this means your equity cannot drop below $90,000 at any point.
Express Challenge: 6% of the initial balance. For a $100,000 account, this means your equity cannot drop below $94,000 at any point.
Crucial Point: This loss limit is static in the evaluation phases and does not “trail” after hitting a profit target. It’s based on the initial account balance. For a funded account, it typically trails your highest equity.

Maximum Daily Loss

Another critical and often misunderstood rule that leads to many failed challenges. Orientdig.com Reviews

Definition: The maximum daily loss is the maximum amount your account’s equity including open trades can drop within a single trading day, resetting at a specific time usually midnight server time. It’s calculated from the starting balance of the day or the highest equity achieved during that day.
Standard Evaluation: 5% of the initial account balance. For a $100,000 account, your daily loss cannot exceed $5,000.
Express Challenge: 3% of the initial account balance. For a $100,000 account, your daily loss cannot exceed $3,000.
Impact: This rule forces traders to manage their risk on a day-to-day basis. One large losing trade or a series of small losses that accumulate quickly can breach this limit and terminate the challenge, even if your overall balance is still well above the overall loss limit.
Calculation: The daily loss limit is typically calculated from the starting equity of the day. If your account starts the day at $100,000, and your daily loss limit is 5% $5,000, your equity cannot drop below $95,000 by the end of the day. If you open a trade and it goes into a $5,000 drawdown, even if you close it quickly, you’ve hit your daily loss limit.

Trading Leverage

Elitesfunding.com provides a trading leverage of 1:100 for all account sizes and evaluation phases.

Opportunity and Risk: Leverage amplifies both profits and losses. While it allows traders to control larger positions with less margin, it also means that a small price movement against a large position can quickly lead to hitting loss limits.
Responsible Use: Experienced traders understand that leverage should be used responsibly, not to open excessively large positions, but rather to manage margin efficiency.

Understanding and strictly adhering to these risk management parameters is more important than achieving the profit target.

Many traders fail challenges not because they can’t make a profit, but because they breach a daily or overall drawdown limit due to poor risk management or over-leveraging.

Comparative Analysis: Elitesfunding.com vs. Industry Standards

This allows for a clearer understanding of its competitive advantages and potential areas for consideration.

Key Comparison Points

When evaluating prop firms, traders typically look at several critical factors:

Challenge Structure Steps & Time Limits: How many phases and how long do you have?
Profit Targets: What percentage of profit is required to pass?
Loss Limits Daily & Overall/Trailing: How much drawdown is permitted?
Pricing & Refundability: How much does the challenge cost, and is it refunded?
Profit Split: What percentage of virtual profits do traders keep?
Scaling Plan: Are there opportunities to increase capital and profit share?
Trading Platform & Instruments: What software is used, and what can you trade?
Customer Support: How accessible and effective is assistance?
Reputation & Reviews: What do other traders say?

Elitesfunding.com’s Standing

Let’s break down how Elitesfunding.com stacks up:

1. Challenge Structure

Elitesfunding.com: Offers both a 2-step Standard and a 1-step Express challenge. No time limit on either.
Industry Standard: Many firms offer 2-step challenges with time limits e.g., 30-day Phase 1, 60-day Phase 2. Single-step challenges are becoming more common but often come with tighter rules.
Verdict: Strong advantage for Elitesfunding.com due to the “no time limit” policy, which is a major draw for disciplined traders who prefer to wait for optimal setups. The option of both 1-step and 2-step provides flexibility.

2. Profit Targets

Elitesfunding.com: Standard: 9% Phase 1 + 5% Phase 2 = 14% total. Express: 10%.
Industry Standard: Typically ranges from 8-10% for Phase 1 and 4-5% for Phase 2, with 1-step challenges often requiring 10-12%.
Verdict: Competitive. The 14% total for the Standard Evaluation is a bit higher than some combined targets, but the Express’s 10% is standard.

3. Loss Limits

Elitesfunding.com: Standard: 5% Daily, 10% Overall. Express: 3% Daily, 6% Overall.
Industry Standard: Generally 5% Daily, 10% Overall for 2-step challenges. 1-step challenges often have tighter limits e.g., 3-4% Daily, 5-8% Overall.
Verdict: Standard to Competitive. The 5/10 rules for the Standard Evaluation are typical and offer reasonable breathing room. The tighter 3/6 rules for the Express challenge are also common for single-step models, reflecting the increased risk for the firm.

4. Pricing & Refundability

Elitesfunding.com: Fees range from $95 to $1,090, with a refundable fee upon first payout for all challenges.
Industry Standard: Fees are comparable. Refundability is a key differentiator. many firms offer it, but not all.
Verdict: Strong advantage due to the comprehensive refund policy across all challenge types.

5. Profit Split

Elitesfunding.com: Default 80:20, with potential to scale up to 90%.
Industry Standard: Most firms start at 70:30 or 75:25. Some offer 80:20. 90% is rare for initial split but sometimes achievable through scaling.
Verdict: Highly Competitive. An 80:20 split is excellent, and the potential for 90% is a significant draw, placing Elitesfunding.com among the top tiers for profit-sharing.

6. Scaling Plan

Elitesfunding.com: Mentioned with potential for 90% profit share, implies capital increases.
Industry Standard: Common feature, often tied to consistent performance and hitting certain profit milestones.
Verdict: Standard, but the 90% target is appealing. More details on the specific scaling criteria would be beneficial.

7. Trading Platform & Instruments

Elitesfunding.com: Uses TradeLocker, 1:100 leverage. Focuses on Forex and commodities implied by typical prop firm offerings.
Industry Standard: MetaTrader 4/5 are dominant. cTrader and proprietary platforms are also used. Leverage varies but 1:100 is common. Access to diverse instruments Forex, indices, commodities, crypto CFDs.
Verdict: Acceptable. TradeLocker is a growing platform, but traders accustomed to MT4/5 might need to adjust. Leverage is standard.

8. Customer Support

Elitesfunding.com: Live chat, active social media, comprehensive FAQ. Testimonials praise support.
Industry Standard: Varies widely, from email-only to 24/7 live chat.
Verdict: Above Average. Live chat is a plus, and positive testimonials are encouraging.

9. Reputation & Reviews

Elitesfunding.com: Website displays positive testimonials. Limited independent reviews available.
Industry Standard: Highly variable. Transparency and consistent payouts build trust.
Verdict: Needs more independent verification. While the on-site testimonials are positive, a thorough external review of community forums and dedicated review sites would provide a more complete picture.

Overall Assessment

Based on the information provided, Elitesfunding.com presents a competitive and attractive offering within the prop trading firm space, particularly highlighted by:

No time limits on evaluations.
Free retakes on Standard Evaluation.
High profit split 80-90%.
Refundable challenge fees.

The tighter rules for the Express Challenge are typical for single-step models, and traders should carefully consider if their strategy aligns with the 3% daily/6% overall drawdown.

As with any financial endeavor, thorough personal due diligence, including checking recent independent reviews and understanding all terms and conditions, is essential before committing.

Conclusion: Is Elitesfunding.com the Right Fit for Your Trading Journey?

Elitesfunding.com positions itself as a gateway for aspiring and experienced traders to access simulated capital, scale their operations, and potentially earn significant payouts.

Based on the features and terms outlined on their website, the platform offers several compelling advantages that warrant consideration.

The inclusion of no time limits on evaluations stands out as a major benefit, removing an artificial pressure point that often trips up traders in other prop firm challenges. This allows for more disciplined, patient trading, focusing purely on risk management and hitting profit targets. Furthermore, the free retake for the Standard Evaluation provided no rules are breached is a highly trader-friendly policy, offering a valuable second chance without additional financial commitment.

The profit split of 80:20, with the potential to scale up to 90%, is exceptionally competitive in the industry, making it an attractive proposition for those looking to maximize their share of simulated profits. The refundable challenge fee upon first payout also mitigates the initial financial outlay, turning the challenge into an investment that can pay for itself if successful.

However, prospective traders must critically evaluate the risk management parameters, particularly the daily and overall loss limits. The Express Challenge, while faster, imposes stricter limits 3% daily, 6% overall compared to the Standard Evaluation 5% daily, 10% overall. It’s crucial for traders to understand their own trading style, average drawdown, and risk tolerance to determine which challenge aligns best with their capabilities. Overlooking these limits is the most common reason for failure in prop firm challenges.

While the website showcases positive testimonials and highlights responsive live chat support, prudent traders should always conduct independent research beyond the firm’s own marketing. Exploring external reviews on dedicated forums and consumer review sites can provide a broader perspective on user experiences, payout consistency, and support quality.

Ultimately, Elitesfunding.com presents a robust and attractive model for traders seeking simulated capital.

If you are a disciplined trader with a proven strategy, a firm grasp of risk management, and the ability to consistently adhere to strict drawdown rules, Elitesfunding.com could be a viable platform to elevate your simulated trading journey and potentially unlock substantial virtual profit opportunities.

However, as with any trading endeavor, success requires skill, discipline, and a thorough understanding of the rules of the game.

Frequently Asked Questions

What is Elitesfunding.com?

Elitesfunding.com is a proprietary trading firm that offers individuals the opportunity to trade with simulated capital after passing a structured evaluation challenge.

How does Elitesfunding.com work?

Traders select a challenge Standard Evaluation or Express Challenge, pay a fee, and attempt to pass a simulated trading test by hitting profit targets while adhering to strict loss limits.

Upon success, they gain access to a larger simulated trading account and share a percentage of the virtual profits generated.

What are the two main types of challenges offered by Elitesfunding.com?

Elitesfunding.com offers two main challenges: the Standard Evaluation, which is a 2-step challenge, and the Express Challenge, which is a single-step challenge.

Is there a time limit to complete the Elitesfunding.com challenges?

No, Elitesfunding.com explicitly states that there is no time limit for completing either the Standard Evaluation or the Express Challenge phases.

What are the profit targets for the Standard Evaluation?

For the Standard Evaluation, Phase 1 has a profit target of 9%, and Phase 2 has a profit target of 5%.

What is the profit target for the Express Challenge?

The Express Challenge has a single profit target of 10%.

What is the maximum daily loss for the Standard Evaluation?

The maximum daily loss for the Standard Evaluation is 5% of the initial account balance.

What is the maximum overall loss for the Standard Evaluation?

The maximum overall loss for the Standard Evaluation is 10% of the initial account balance.

What is the maximum daily loss for the Express Challenge?

The maximum daily loss for the Express Challenge is 3% of the initial account balance.

What is the maximum overall loss for the Express Challenge?

The maximum overall loss for the Express Challenge is 6% of the initial account balance.

Are the challenge fees refundable?

Yes, Elitesfunding.com states that the challenge fees are refundable upon successful completion of the evaluation and the first payout from the simulated funded account.

What is the minimum number of trading days required?

The Standard Evaluation requires a minimum of 5 trading days per phase, while the Express Challenge requires a minimum of 4 trading days.

What is the profit split offered by Elitesfunding.com?

The default profit split is 80% for the trader and 20% for Elitesfunding.com.

Can the profit split increase?

Yes, Elitesfunding.com states that your profit share can grow up to 90% if you meet their scaling plan criteria.

What simulated account sizes are available?

Elitesfunding.com offers simulated account sizes ranging from $10,000 to $200,000.

What trading platform does Elitesfunding.com use?

Elitesfunding.com partners with TradeLocker for its simulated trading conditions.

What leverage is offered on Elitesfunding.com accounts?

Elitesfunding.com offers 1:100 trading leverage on all its simulated accounts.

Is there a free retake option?

Yes, a free retake is included for the Standard Evaluation if you fail to meet the profit target but do not breach any other trading rules like daily or overall loss limits.

How long does it take to process payouts?

Payouts are typically processed within 14 days after they are requested from the Member Area.

How does Elitesfunding.com support its traders?

Elitesfunding.com offers live chat support, has an active presence on social media Twitter, Instagram, Telegram, Facebook, YouTube, and provides a comprehensive FAQ section for self-service.

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