Elite Trader Funding review

Elite Trader Funding (ETF) is a US-based futures prop firm offering various evaluation types (e.g., 1-Step, EOD, Static Drawdown, Fast Track) with one-time fees, no strict time limits on many plans, support for futures instruments (including equity index/ETF-related like ES, NQ), platforms such as NinjaTrader, up to multiple accounts, trailing or static drawdown rules (e.g., often trailing unrealized profits initially then stabilizing), minimum trade durations to prevent HFT, and risk management focused on overall max loss without a fixed separate daily loss limit in all cases.

Consistency & DLL features a 40% consistency rule applied only to Elite Sim-Funded (funded) accounts—no single Active Trading Day (ATD) profit can exceed 40% of total accumulated profits (including prior withdrawals) at payout time (not applicable during evaluations/challenges); an ATD requires at least 23% of the best day's profit plus a minimum realized profit (e.g., $200 or $100 depending on account size), with 8 ATDs needed for the first payout cycle and 10 thereafter; drawdown is typically trailing (based on highest unrealized or end-of-day balance until a buffer is met), with no universal fixed DLL but enforced via overall loss limits and potential post-20% profit protections (e.g., no more than 35% drawdown from peak profits in some scenarios).

Payout Policy allows traders to keep up to 100% of the first $12,500–$25,000 in sim-funded profits (varying by account/updates), then typically 90% thereafter with lifetime sim profit caps (e.g., around $150,000); payouts are requestable weekly (often processed Wednesdays) after meeting ATD minimums and consistency, starting from low minimums like $100, with quick approvals in many cases but possible monthly activation fees on funded accounts and no major hidden fees noted.