FundedElite is the innovative platform, founded by Christian Habibi and Artur S. Deshko in 2023, is making waves in the trading world by putting traders first. FundedElite offers a unique blend of features designed to empower traders, including an impressive 80:20 profit split and the groundbreaking “Second Chance” feature, which allows traders to restart their challenges without losing hope. With ultra-low spreads, zero commissions, and a commitment to swift payouts, FundedElite ensures that both novice and experienced traders can maximize their potential and thrive in a supportive environment.
What is FundedElite all about?
FundedElite is all about empowering traders. They understand the challenges that come with trying to break into the world of professional trading, and they've crafted their platform to address these hurdles head-on. Here's what sets them apart:
| Detail | Information |
|---|---|
| Company Name | FundedElite |
| Legal Entity | Quantum srls |
| Founded | 2023 |
| CEO and Co-Founder | Christian Habibi |
| COO and Co-Founder | Artus S. Deshko |
| Location | Latina, Italy |
| Contact Email | support@fundedelite.com |
| Website | https://fundedelite.com |
| Social Media | Twitter: @ChristianFECEO |
| Registration | Registered in Italy |
| Main Services | Prop trading firm offering various trading challenges |
| Key Feature | Automated second chance on all challenges |
| Broker Partner | Purple Trading (for cTrader accounts) |
Account Types and Challenges
FundedElite offers a variety of account types and challenges to suit different trading styles and experience levels.
Let's break them down:
1. Two-Step Challenge
This is a great option for traders who want a structured path to becoming an Elite Trader.
| Rules | Phase 1 | Phase 2 | Elite Trader |
|---|---|---|---|
| Profit Target | 8% | 5% | N/A |
| Drawdown Type | Static | Static | Static |
| Daily Drawdown | 5% | 5% | 5% |
| Static Total Drawdown | 10% | 10% | 10% |
| Second Chance | Yes | Yes | N/A |
| Max Trading Days | No time limit | No time limit | No time limit |
| Min Trading Days | 3 Days | 3 Days | 3 Days |
| Challenge Leverage | Up to 1:100 | Up to 1:100 | Up to 1:100 |
| Weekend Holding | Yes | Yes | Yes |
| News Trading | Allowed | Allowed | Allowed |
2. One-Step Challenge
For those who prefer a quicker route to funded trading, the One-Step Challenge might be more your speed.
| Rules | Phase 1 | Elite Trader |
|---|---|---|
| Profit Target | 10% | N/A |
| Drawdown Type | Static | Static |
| Daily Drawdown | 3% | 3% |
| Total Drawdown | 8% | 8% |
| Second Chance | Yes | N/A |
| Max Trading Days | No time limit | No time limit |
| Min Trading Days | 3 Days | 5 Days |
| Challenge Leverage | Up to 1:100 | Up to 1:100 |
| Weekend Holding | Yes | Yes |
| News Trading | Allowed | Allowed |
| Profit Split | N/A | Up to 95% |
3. Elite Challenge
For the cream of the crop, FundedElite offers the Elite Challenge.
| Rules | Phase 1 | Phase 2 | Elite Trader |
|---|---|---|---|
| Profit Target | 9% | 5% | N/A |
| Drawdown Type | Static | Static | Static |
| Daily Drawdown | 3% | 3% | 3% |
| Total Drawdown | 6% | 6% | 6% |
| Max Trading Days | No time limit | No time limit | No time limit |
| Min Trading Days | 3 days | 3 days | 3 days |
| Challenge Leverage | Up to 1:50 | Up to 1:50 | Up to 1:50 |
| Payout | N/A | N/A | On-Demand |
| Weekend Holding | No | No | No |
| News Trading | Allowed | Allowed | Allowed |
| Profit Split | N/A | N/A | Up to 95% |
4. Elite Now Challenge
For those ready to dive straight into funded trading, there's the Elite Now Challenge.
| Rules | Elite Trader |
|---|---|
| Profit Target | N/A |
| Drawdown Type | Relative |
| Daily Drawdown | 4% |
| Total Drawdown | 6% |
| Max Trading Days | No time limit |
| Min Trading Days | 3 days |
| Challenge Leverage | Up to 1:100 |
| Weekend Holding | Yes |
| News Trading | Allowed |
| Baseline Profit Split | 70% – Scalable up to 95% |
Trading Platforms
FundedElite understands that different traders have different platform preferences. That's why they offer multiple options:
Each platform is fully integrated with FundedElite's systems, ensuring seamless trading and accurate performance tracking.
Payouts and Profit Splits
One of the most attractive features of FundedElite is its generous payout structure. As an Elite Trader, you can earn up to 95% of your profits.
Here's how it typically works:
It's worth noting that if you use the “Second Chance” feature to pass the evaluation and reach the Elite stage, your first profit distribution will be at a 50% rate. After this initial payment, the profit split will return to the standard 80% rate.
Inquiry Section
Is FundedElite a broker?
No, FundedElite is not a broker. It is operated by Quantum Srls and does not accept deposits. They provide credentials for traders to join third-party platforms to demonstrate their trading abilities.
What broker does FundedElite use?
For cTrader accounts, FundedElite uses Purple Trading as its broker. Purple Trading is a world-licensed broker offering low commissions and raw spreads. For Tradelocker accounts, they directly bridge them to their broker partners.
What is the “Second Chance” feature?
The “Second Chance” feature allows traders to retake the challenge if they breach a rule during their evaluation. This gives traders an opportunity to learn from their mistakes and try again from phase 1 of the challenge.
What are the profit splits for Funded Traders?
Funded traders can earn up to 95% of their profits. The initial profit split typically starts at 80% and can increase up to 90% or 95% based on consistent performance and completed payouts.
How often are Payouts Processed?
Standard challenges include biweekly payouts, starting 21 days after the first payout. With add-ons, payouts can be increased to weekly. FundedElite also offers on-demand payouts for every payout request.
What are The Maximum Account sizes available?
FundedElite offers challenges with maximum account sizes of up to 200K and 400K, depending on the chosen challenge type.
Does FundedElite allow weekend holding and News Trading?
Most challenges allow weekend holding and news trading. However, some specific challenges may have restrictions on these activities. It's important to check the rules for each specific challenge.
Is there a community for FundedElite Traders?
Yes, FundedElite has a Discord server where traders can join a community to share insights, participate in games with prizes, and interact with the CEOs.
Is FundedElite right for you?
FundedElite stands out as an innovative prop firm in the trading industry, offering unique features that cater to both novice and experienced traders. With its automatic “Second Chance” feature, low spreads, and commission-free trading on certain instruments, FundedElite provides an attractive platform for traders to showcase their skills.
The firm's dynamic scaling plan, which allows traders to grow their accounts and increase profit splits, demonstrates a commitment to long-term trader success. While some users have reported issues with payouts during site migrations, the overall sentiment remains positive, with many traders appreciating the easy evaluation process and reliable service. As with any financial venture, it's crucial for potential users to thoroughly review the terms and conditions before engaging with FundedElite's services.
