2-Star Elite Trader Funding Reviews

Yet another prop firm that doesn't like to pay

This is a repost because this company keeps adding a response that is neither accurate nor relevant. The response claimed that they paid me $25000, which is way higher than the real number. They also kind of prove my point that the best traders get banned for making too much. I failed 2 live accounts in 2.5 years, yet they refer to "cycling live accounts" as an unsustainable practice. None of what I am saying is actually disputed, so you can make your decision based on this; you can get a few payouts, but ultimately once you fail a very restrictive live account that is the end of the road, so this is not a long term solution for traders who ever make mistakes or bad trades once in a while.

While I did get a few payouts, eventually they banned me for making too much. They called it an "unsustainable business practice" to keep traders around who make too much from the funded accounts. That should tell you everything you need to know. They change the rules all the time. They tried to withhold a bunch of my money until two weeks of insisting, then later they admitted it was owed to me.

Live traders get banned permanently after one or two attempts, but traders who repeatedly fail evaluations are allowed to keep blowing their money... Doesn't add up.

I emailed the CEO too, and he was rude, and didn't care at all for the feedback he asked for. To top it off they banned my IP from the website, so I can't even remove my personal details or check my own billing or payment details.

way too expensive

New website changes are confusing and tried to reset sim funded but dashboard still thought account was active.

Fasttrack elite was challenging compared to one step.

I passed 19 Evaluations, then canceled half of them. I blew the first 5 Elite accounts because I was so upset over the rule change that only allows you to trade 5 Elite accounts at one time that I could not focus.

I never knew about the rule change till after I passed 19 Evaluation.

I think that if you're not to allowing anyone to trade more than 5 ELITE accounts at one time then you should not allow them to buy more than 5 Evaluation at one time.

It feels a bit disingenuous to let traders purchase Evaluation accounts that they may never be able to use once they pass their Evaluation, unless they blow their Evaluation accounts or continue to renew their passed Evaluation accounts which only makes it a WIN WIN for ETF and not for the trader..

The only reason why I came to ETF was because you allowed traders to trade up to 20 Elite accounts and the EOD which seemed fair.

Now will have to reevaluate my relationship with ETF.

If having my accounts on standby means, I would have to continue to pay a monthly renewal fee for each account @$60.00 a piece until I blow my 5 Elite Sim Funded accounts, I'm going to PASS and find a new Prop Firm to do business with.

If that's not what you mean when you say that all passed Evaluation would be put on STANDBY Until activation and you are saying that once the Evaluations are passed there is NO monthly renewal fee, I would gladly change my review.

ETF is a decent prop firm. Their static accounts are very good. However, one of their rules is that they can take you live whenever they want. This is fine, but if you have a payout request pending when they decide to take you live they will not honor that pending payout.

I requested 4500 in payout and the next day I got email saying that they're taking me live. From what I read, I would get 6K in live account to trade with since I have 3 static accounts. So that 4500 is coming out of their pocket anyways so why not put in extra 1500 and take me live where they can get portion of the profit I make.

In my opinion, they do this to avoid paying you out. They'll probably respond by saying that the rules are on their website and I agreed to it, etc. However, I couldn't find where it said pending payout will be voided.

Upon doing more digging I did find, in Terms of Service, where it says, Upon conversion(to live), all active evaluations and Elite Sim-Funded Accounts and accompanying subscriptions will be closed and no payouts from those accounts will be owed.

Still this just doesn't seem fair to me but they are within their right to do so.

Another Update. Turns out they are only giving me 2000 in live account to trade with. So they deny my 4500 payout and give me 2000 to trade with. I had three 50k Static accounts with 6K profit on each.

Last Update. Make sure you read all the rules and understand them. I didn't because I didn't think that they would take me live this early. You'll find that their live program is not nearly as good as other firms as far as starting balance and what happens to your profits that you've earned in sim funded accounts.

Terrible rules on maintaining 23% consistency every day, costly evals, there are a lot of good firms out there that offer way better experiences. Shady new payout limits that won't even let you withdraw 15% of your total profit

accidental open orders after the close comparision:

Tradeify: autoclosed for you ~ 9/10
APEX: autoclosed for you ~ 9/10
Take profit: account closed but you keep 80 (if after 90 days) or 50% of your profit ~ 9/10
TicTic: you get a warning then liquidated on next violation 7/10
Blusky: autoclosed for you ~ 9/10
ETF: you lose everything for one mistake 1/10


I am awaiting liquidation of a 300k funded account that took me 1 year and 1000$ of investment to get, I had generated 2.5k in profit, had 7.2k in DD left... yet I will be liquidated because a single 1 MNQ micro short was left open yesterday... this is the first time I have made this mistake in 2 months of having the account.

I look my time and traded the account properly, sadly it now looks like I would have been much better off just doing a yolo where either I get paid in a month or nothing since everyday you have the account the risk of leaving an open order rises (something I am sure they had a quant figure out as a good way to remove otherwise profitable traders from the casino)

I am anticipating a reply of "well its in the rules, and we just want disciplined traders with attention to detail". Fair enough in some ways, but mainly gas lighting in this context if you ask me, I worked in professional trading before (a commodity ~ electricity). I know how pros do it, they mitigate all risk that can be done on an automated basis, like a small open position... as do other prop firms such as

Tradeify and Apex, say what you want about apex but atleast if you break the 30% rule you don't just totally lose your account, even at TicTic trader if you accidentally hold overnight once you can be forgiven once.

This is clearly just a way to avoid paying out traders hidden with the plausible deniability of "protecting the firm" or seeking "disciplined" traders , I won't spend any money with ETF again, if I want a firm that forces me to have my own auto liquidation safety check everyday I will use take profit which has a better offering regardless (you at least get half your profit worst case if this happens, at ETF you get nothing but regret)

Is holding a 1 mnq short on a 7.2k drawdown really a risk to the firm? so bad that the entirety of work put in to get here is just erased without question? MNQ would need to open limit down (0.01% chance if not lower) for this to have resulted in liquidation ~ even then it would be right at the drawdown... there is a reason other firms like tictic give you a second chance... its unfair to just totally screw someone first time it happens.

The CEO guy often sends emails saying he cares about traders, if you cared you wouldn't erase 7.2k in DD for at most a 500$ mistake ~ consequences are fine, disproportionate and wildly unfair consequences are not.

Did 2 stars since on paper this is still my fault, and by my fault I mean that

1) I should have closed the stupid 1 MNQ position that ruined a year of work despite not being a bad trade.

2) I should not have signed up for a firm with such unreasonable EOD policy. I thought the unfairness wouldn't affect me personally since I would just never make a mistake, it can happen to you as well!

TLDR: Mistakes happen in trading, its just usually the market that punishes us, not an all or nothing rule designed to unilaterally eliminate otherwise profitable traders from payout opportunities.

Forcing people to go to live account to avoid paying them, they pay you 10% of your total profits so if you make 5000usd of hard work they pay you 500usd.
Alot of complains about this be careful guys, idk why the shady rules..

Also 10 trading days of 200$ or more is insane, highest in profirm industry, higher than all other competitors

reviews have been mixed so be careful still hasn't received a payout yet let's see how it goes..

No info on dashboard and restrictive rules then delayed review after passing

Customer care support is very week compare to others. I have to wait for long time to get answers / days. My accountELITEEODETF1793730006 failed without any issue and still have balance in this. O think company want more money.

Should make scaling available

I experienced lagging and freezing with ETF's data provider. I got locked out of the account and wasn't able to manage an open trade, which became a loser costing me the account. When contacting customer service it took at least 2 day for a real person to respond. I'm not sure if I'll use them again because of the customer service. There's no recourse if you experience and tech issues.

I had an account with Elite Trader Funding, but unfortunately, it was banned without any prior communication or explanation. This lack of transparency is disappointing, and I expected better from a company in the prop trading space. Additionally, I used the code RP6YRDWPJQ4H, but it did not seem to work, which was frustrating. I would appreciate a proper response regarding this situation and some form of compensation for the inconvenience.

Ca-n t login to the website,no matter what browers I tried.
Every time Ihave to use the code received after requesting password reset

Je n'ai du tout pas aimé le faite que les comptes à End of Day drawdown ont un trailing qui vous suit. Normalement sur les autres propfirms, quand tu as traversé ta perte maximale en terme de gain, le EOD cesse de te suivre et c'est seulement la perte journalière qui te suis, par exemple avec le 150k, la perte Max c'est 4500$ et la perte journalière c'est 3300$. Si tu passes ton solde à 154500 normalement la perte maximale cesse de te suivre jusqu'à ce que tu atteignes les 9000$ de profit requise pour valider le compte, autrement dit, si tu gagnes 6000$, il faudra tous les perdres pour être éliminer, ce n'est pas le cas chez ElitraderFunding, car lorsque tu gagnes 6000$ sur le compte 150k, la perte maximale vient t'attendre à 151500. C'est très désavantageux pour un trader peut importe ce qu'il raconte, comme ils aiment souvent dire qu'ils veulent nous protéger. Somme nous des enfants ?
De plus lorsque vous passez le challenge et que vous êtes en compte live, pour demander le retrait, il faut 10jours de trading en positif de plus de 200$ et en plus votre plus petit jour de trading doit être au minimun 23% de votre meilleur jour de trading, cela signifie que si vous gagner 200$ aujourd'hui et que le lendemain vous gagnez 1000$, la journée de 200$ ne sera plus considéré comme une journée de gain car elle est plus petite que 230$ c'est à dire 23% de vos 1000$. Vous comprenez donc avec moi que tout ça vous oblige à être chaque jour sur les écrans pendant au moins un mois avant d'espérer un retrait puisque vous aurez aussi des journées de perte.
En gros chez ETF, tout est mise en place pour rendre difficile le passage de challenge et les paiements. ETF est une propfirm à fuir, je recommande Topstep à la place.

Dashboard hasn’t been working for any of my evals or live.
Support non existent.

End of day draw down account has deceitful rules. Daily loss limit is actually max loss limit. And there is a weekly loss limit that is the same as daily loss limit so daily loss limit is irrelevant. Pricing is fine but unclear rules are not

Crashes all the time has many issues beyond many issues so idk if that the props fault or could be that Tradovate is just very trash & dragging the props with them
Chat is very responsive tho & has try to help several times which is why it’s 2 stars & not one star, even though they have tried to help me until Tradovate fixes there’s issues it’s not really worth the money not just this prop firm but any prop using Tradovate currently

If your comfortable with ninjatrader they have that too & a few other options it’s just not for me but maybe it’s for you
I would just avoid the Tradovate option

Take a look at their schemey payout and funding rules hidden deep in the help links....

Overly complicated and wordy language; they have high activation fee, higher than others minimum trading days, weird 40%, 23% rules AND min. (10) winning days of $200, AND only after buffer is reached AND audited, AND no DCA

When I initially signed up, the rules were very trader-friendly. However, they have changed the payout rules to make it incredibly hard to get a payout, even if you are very profitable. You must cap your gains and chase daily minimums for a day to count towards a payout.

I have updated my review to two stars from one, as they seem to have reverted some rules for the better.
I was paid out before the rule changes; however, I have seen my friends denied since.

I have not used them since, as they broke my trust. Trust goes a long way when you dedicate time to prop trading.

Listen, if you want a futures prop firm, ETF is definitely a contender with the giants like Apex among others. Support team are good, the prices/promos are very attractive and the optional choice of tradovate/tradingview/rithmic platforms is VERY nice.

As someone who trades primarily (well, only) using Trading View, I must admit I am beyond disappointed with the lack of smoothness in operation while using Elite Trader Funding this way. Every time I place a trade, there is a 80-90% chance (I have recorded this actually, 83% chance) that you will NOT be able to close or manage your trade in anyway, it just says "Cannot Find TV Order...".

This can be EXTREMELY damaging to a trader, and it has bitten me on the backside more than once. I would like to think that they are, and if not, WILL investigate this, because it is a major turn-off and is making me consider using other prop firms. The operation on rithmic and tradovate seems to work okay, but Tradingview is just a shambles. Very disappointed, and I feel like my time is wasted sometimes, entering great trades and then not being allowed to manage it. And it has cost me not 1, but 2 evaluations. I am hesitant to trade my 2 funded accounts due to this issue, as I'm sure you, the reader, will understand. So just approach this method of trading with caution, if you are to trade with Elite Trader Funding.

No respetan el Max Drawdown! Ojo!
Es sobre el valor total, y la ganancia, aunque no se haya cerrado la operación la dan como ganadora.

I have just recently passed my evaluation and been offered a the elite account
However the elite account is another simulated account
They say the company will risk assess for several months for you actual get { live elite account}
This isn’t made clear on their site or maybe I completely missed it

This should’ve been make clear it just seem like the goal post is being moved

Buyers be aware of this

I am not saving the company is dodgy but it needs to be up front

Passing you evaluation does not give you a live trading account

It gives you and simulator account which you can get paid for

Simple

Constant lagging issues with tradeovate cause unnecessary losses over and over again. I have never had issues with topstep and lag with tradovate. Inquired multiple times to no avail always quick to blame the trader and had no solutions to the lag and the charts not matching the dom price. The dynamics make sense one step, no scaling plan, etc but the payout plan is one of the worst around you have to wait months as they limit your withdrawals for 6 months. Far better companies with less lag, live help better payout structure and a phone number to call not an email address waiting hours to be answered. Not recommended.