Better options out there. EFT will squeeze you dry with fees, and they lack transparency
Shady business practices without full transparency. Transparency is key in any situation really, person to person or business to person, and this company has failed to disclose information to hook traders in, paying to trade demo. Not only will you pay a fee to take a trading test on a demo account, you will be slapped with fees damn near every month. The reset fee for a “funded” account, which is demo of course, is $1250. Dont do it folks. Better businesses out there, like Topstep. Far more reputable.
Response from Elite Trader Funding
Thank you for sharing your feedback.
We understand the concerns regarding fees. Our charges stem from our role as an evaluation service. In order to equip our users with the tools they need for success, we must offset some operational costs. We believe in offering flexibility to our users, which is why we introduced a one-time fee option for sim-funded accounts. It's also worth noting that our agreement explicitly mentions the provision of a one-time reset option for sim-funded accounts. Hence, users are never obliged to pay for a reset; they can always opt to undergo the evaluation process again if they prefer.
Our goal is to provide maximum flexibility, allowing our users to hone their risk management skills and become proficient in the futures market without being constrained by rigid rules.
We appreciate your feedback and will always strive to better our services based on user insights.
We understand the concerns regarding fees. Our charges stem from our role as an evaluation service. In order to equip our users with the tools they need for success, we must offset some operational costs. We believe in offering flexibility to our users, which is why we introduced a one-time fee option for sim-funded accounts. It's also worth noting that our agreement explicitly mentions the provision of a one-time reset option for sim-funded accounts. Hence, users are never obliged to pay for a reset; they can always opt to undergo the evaluation process again if they prefer.
Our goal is to provide maximum flexibility, allowing our users to hone their risk management skills and become proficient in the futures market without being constrained by rigid rules.
We appreciate your feedback and will always strive to better our services based on user insights.