Elite Trader Funding, a proprietary trading firm, has established structured guidelines that play a critical role in ensuring orderly and risk-managed trading. These guidelines, essential for both the firm and its traders, are designed to foster disciplined and profitable trading practices\u2014a key aspect we at Trading Funder emphasize when helping traders choose the right prop firm. Adherence to these rules is vital for maintaining a successful trading environment.<\/p>\n\n\n\n
The firm sets specific trading rules tailored to different evaluation accounts and Elite accounts. These evaluations include 1-Step Evaluations, Fast Track Evaluations, End-of-Day Drawdown Evaluations, Static Drawdown Evaluations, and Diamond Hands Evaluations. The Elite accounts consist of the Elite Sim-Funded account and the Live Elite account. Traders must meet clearly defined trading objectives within these phases, a process we at Trading Funder carefully review to ensure our clients are well-prepared.<\/p>\n\n\n\n
Among the six core trading rules are maintaining positions within the Drawdown Limit, adhering to the Daily Loss Limit, trading for a minimum of five days, following the 40% consistency rule, trading within authorized hours, and avoiding prohibited trading instruments. There is also a consistency rule for Elite Sim-Funded accounts, though no scaling plan rule is applied\u2014a nuance our consulting often highlights for traders to consider in their strategy.<\/p>\n\n\n\n
Elite Trader Funding’s objectives center around achieving the profit target while strictly adhering to these rules. Understanding and meeting these objectives is crucial, which is why Trading Funder thoroughly analyzes these guidelines to help traders make informed decisions.<\/p>\n\n\n\n
Regarding payouts and withdrawals, Elite Trader Funding outlines clear terms for profit distribution, initial withdrawal conditions, frequency and timing of withdrawal requests, and the minimum account balance required for transactions. Our Trading Funder team delves into these specifics to guide traders through the firm’s policies, ensuring they are well-informed and prepared to maximize their trading success.<\/p>\n\n\n\n
This article provides an in-depth exploration of Elite Trader Funding’s rules, covering the Evaluation accounts phase, Elite accounts phase, and the firm’s payout and withdrawal policies, all through the lens of Trading Funder’s expertise.<\/p>\n\n\n