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FundedElite Review

The FundedElite, is established by CEOs and co-founders, Christian Habibi and Artus S. Deshko. The company is registered in Latina, Italy in 2023. FundedElite is unique as it is the first to introduce the “Second chance” feature for traders. This means you can retake your challenge.

FundedElite Review bestfxbrokers

Trading Platforms at FundedElite

FundedElite offers access to two user-friendly trading platforms with modern features: MT5 and CTrader.

Range of Instruments by FundedElite

Tradable InstrumentLeverage
Forex1:100
Metals1:20
Energies1:20
Indices1:30
Crypto1:2
Stocks

Cryptocurrencies

BCH/USDBTC/USDETH/USDLTC/USD

Commodities

XAG/USDXAU/USDXPD/USDXPT/USD
BRENTCLNGAS

Indices

ASXDAXDOWFTSE
STOXX50NSDQ SPNIKKEIHK50

Forex Pairs

AUD/CADAUD/CHFAUD/JPYAUD/NZDAUD/SGDAUD/USD
AUD/ZARCAD/CHFCAD/JPYCHF/HUFCHF/JPYCHF/ZAR
EUR/AUDEUR/CADEUR/CHFEUR/CZKEUR/GBPEUR/HUF
EUR/JPYEUR/MXNEUR/NOKEUR/NZDEUR/PLNEUR/RUB
EUR/SEKEUR/SGDEUR/USDEUR/ZARGBP/AUDGBP/CAD
GBP/CHFGBP/JPYGBP/NZDGBP/SGDGBP/USDGBP/ZAR
NOK/SEKNZD/CADNZD/CHFNZD/JPYNZD/SEKNZD/SGD
NZD/USDSGD/JPYUSD/CADUSD/CHFUSD/CZKUSD/HKD
USD/HUFUSD/ILSUSD/JPYUSD/MXNUSD/NOKUSD/PLN
USD/RUBUSD/SEKUSD/SGDUSD/ZARZAR/JPY

Payment Methods at FundedElite

FundedElite accepts deposits by:

Available Account Sizes at FundedElite 

Challenge type/size$7,000$7,000$15,000$15,000$25,000$25,000$50,000$50,000$100,000
Steps2-steps1-step2-steps1-step2-steps1-step2-steps1-step2-steps1-step2-steps1-step
Price$79$90$115$130$195$225$295$339$495$569$945$1085
Leverage1:1001:1001:1001:1001:1001:1001:1001:1001:1001:1001:1001:100
Profit split80%80%80%80%80%80%80%80%80%80%80%80%
Phase 1 profit target8%10%8%10%8%10%8%10%8%10%8%10%
Phase 2 profit target5%N/A5%N/A5%N/A5%N/A5%N/A5%5%
Phase 3 profit targetN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Max daily loss5%3%5%3%5%3%5%3%5%3%5%3%
Max total loss10%8%10%8%10%8%10%8%10%8%10%8%
Minimum trading days5 Days5 Days5 Days5 Days5 Days5 Days5 Days5 Days5 Days5 Days5 Days5 Days
Maximum trading daysN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Second Chance AccountYES (one time only)YES (one time only)YES (one time only)YES (one time only)YES (one time only)YES (one time only)YES (one time only)YES (one time only)YES (one time only)YES (one time only)YES (one time only)YES (one time only)
Commission per lot00$0$0$0$0$0$0$0$0$0$0

Profit Split Structure at FundedElite 

The profit split at FundedElite is 80%, but that actually doesn’t apply to all stages. If you pass the evaluation and reach the Elite stage with the “second chance” feature, your profit split is only 50%.

Targeting Profits with FundedElite 

The profit target in all challenge types is 8% in the first phase, and 5% in the second. The $7k account size is an exception. It has a profit target of 10% in the one-step challenge.

Daily Loss and Drawdown Rules at FundedElite 

For 1-step challenges, the permitted daily loss is 3%, while for 2-step challenges, it’s up to 5%. The allowed maximum total loss is 10% for 2-step challenges and 8% for 1-step challenges.

Minimum and Maximum Days for Trading at FundedElite

There is a minimum of 5 trading days at FundedElite. You have unlimited time to finish the evaluation.

FundedElite Challenge Pricing

Account Size$7,000$7,000$15,000$15,000$25,000$25,000$50,000$50,000$100,000$100,000$200,000$200,000
Steps2-steps1-step2-steps1-step2-steps1-step2-steps1-step2-steps1-step2-steps1-step
Price$79$90$115$130$195$225$295$339$495$569$945$1085

Fees and Commission Structure

Commissions at FundedElite vary depending on the trading instrument and the chosen broker.

BrokerFXIndicesAU, AG, OilXPD, XPT, NGASCryptoUS Stocks
Purple Trading$3$0$3$0$0
ThinkMarkets$7$0$7
$0$0

Refund Conditions at FundedElite

Fees are refundable. You’ll get a refund with your first payout after you pass the challenge on your first attempt. But, if you use the “Second chance”, the fee will be refunded with your 3rd payout. In the first phase you get a $90 refundable fee, in second $79.

FundedElite Review bestfxbrokers
FundedElite Review bestfxbrokers

Free Trials at FundedElite

There are no free trials at FundedElite. 

How Often Does FundedElite Prop Firm Pay Traders?

Bi-weekly. So you get your payout every 14 days after you get your trading profits on a funded account. 

The Good and Bad of FundedElite

Trustpilot reviews have a mixed sentiment. But FundedElite has a pretty high score overall. With 4.6/5 stars on Trustpilot from 168 reviews. 

Pros

  • Discounts
  • Second chance feature
  • Reliable and trustworthy
  • Easy evaluation process

Cons

  • Slow payout process during the migration
FundedElite Review bestfxbrokers

FundedElite FAQ

Can I sign up for multiple challenges?

You can. The highest combined sum allowed is $600k.


How does second chance work?

The “Second chance” feature can be used only once, and it works for evaluations only. With this feature, you can start over from the beginning if you fail any phase.


Are they a regulated company?

FundedElite isn’t regulated and doesn’t offer investment services or take money from clients.


Are there different payment limitations depending on the account?

Yes, there are differences based on the account type:
Giveaway or Free Accounts: For any giveaway or other free accounts provided, there is a payout cap of 2%. This means you can request a maximum payout of 2% of the initial balance at each payout interval.
Purchased Accounts: Upon purchasing an account and reaching the Elite stage again, this payout limit is reset. Traders in the Elite stage enjoy the absence of a specific profit cap, aligning with the intended realistic trading experience.


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