Elite Trader Funding, a proprietary trading firm, establishes structured guidelines to ensure orderly and risk-managed trading. These guidelines define the interaction between Elite Trader Funding and its traders, facilitating beneficial trading practices for all involved. Adherence to these guidelines is crucial for maintaining a disciplined and profitable trading environment.<\/p>\n\n\n\n
Elite Trader Funding sets specific trading rules for different evaluation accounts and Elite accounts. Evaluations include 1-step evaluations, Fast Track Evaluations, End-of-day drawdown Evaluations, Static Drawdown Evaluations, and Diamond Hands Evaluations. the Elite accounts include the Elite Sim-Funded account and the Live Elite account. Traders are required to meet defined trading objectives within these phases.<\/p>\n\n\n\n
The 6 core trading rules include maintaining positions within the Drawdown Limit, maintaining positions within the Daily Loss Limit, trading a minimum of 5 days, adhering to the 40% consistency rule, trading during authorized hours, and avoiding prohibited trading instruments. There is also a consistency rule for Elite Sim-Funded accounts, but there is no scaling plan rule.<\/p>\n\n\n\n
Elite Trader’s Funding Objectives include achieving the profit target without violating the rules.<\/p>\n\n\n\n
For payouts and withdrawal rules, Elite Trader Funding outlines terms for profit distribution, initial withdrawal conditions, frequency and timing of withdrawal requests, and the minimum account balance required for transactions.<\/p>\n\n\n\n
This article will delve into Elite Trader Funding’s rules, covering the Evaluation accounts phase, the Elite accounts phase, and rules and policies on payouts and withdrawals.<\/p>\n\n\n\n