I would stay away.
Real final update, read my other review which I wrote earlier. Blew my live account as of December 12th. Although they were suppose to cut me off at $300 balance, they cut me off when I still had about $600 balance. Reason being I suck at trading, wonder why they put me into live program. Also, I had three accounts with about 6K in profit each and I lose those too and only way back to trading with ETF is to buy their direct to funded account, which are their most expensive accounts. I would recommend staying away from ETF. There are better prop firms out there where they will let you make withdraws when going to live and transfer all your remaining profit to your live account.
Response to ETF: Yes, read all the rules. What they said is true. Make sure you are ok with it before buying accounts with ETF. The transition to live is the bad compared to other prop firms. They only give you fraction of what you made in sim funded accounts. I don't think it's coincidence that they decided to move me to live the day after I requested $4500 payout and only put $2000 in live account.
Response to ETF: Yes, read all the rules. What they said is true. Make sure you are ok with it before buying accounts with ETF. The transition to live is the bad compared to other prop firms. They only give you fraction of what you made in sim funded accounts. I don't think it's coincidence that they decided to move me to live the day after I requested $4500 payout and only put $2000 in live account.
Response from Elite Trader Funding
Hi Chae,
We read your update and want to keep this grounded in facts. Our FAQ and Terms explain what happens when performance continues to decline, even after multiple adjustments have been made. At that point, we close the account to protect capital and limit further losses.
You also asked why you were moved into live. You were moved forward because your performance qualified you at the time and it also has to be maintained.
You also stated that the only way back is to purchase a Direct to Funded account and that it is our most expensive option. Did you review the FAQ before posting? The DTF pricing is listed there and is a much reduced entry option compared to the regular cost for that plan type.
You mentioned other firms that allow withdrawals when going live. For clarity, you have already received $7,500 in payouts through our program.
Also, our program is not designed for continuous withdrawals on the SIM side. The goal is to identify talent and invest in traders so they can work toward consistent, positive results, with the path to fewer limitations and restrictions as they demonstrate performance.
If you are open to it, we can address the specific points in your review directly, but we need to keep the details aligned with what is written in the FAQ and Terms.
Thanks,
We read your update and want to keep this grounded in facts. Our FAQ and Terms explain what happens when performance continues to decline, even after multiple adjustments have been made. At that point, we close the account to protect capital and limit further losses.
You also asked why you were moved into live. You were moved forward because your performance qualified you at the time and it also has to be maintained.
You also stated that the only way back is to purchase a Direct to Funded account and that it is our most expensive option. Did you review the FAQ before posting? The DTF pricing is listed there and is a much reduced entry option compared to the regular cost for that plan type.
You mentioned other firms that allow withdrawals when going live. For clarity, you have already received $7,500 in payouts through our program.
Also, our program is not designed for continuous withdrawals on the SIM side. The goal is to identify talent and invest in traders so they can work toward consistent, positive results, with the path to fewer limitations and restrictions as they demonstrate performance.
If you are open to it, we can address the specific points in your review directly, but we need to keep the details aligned with what is written in the FAQ and Terms.
Thanks,