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.
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 Instrument | Leverage |
|---|---|
| Forex | 1:100 |
| Metals | 1:20 |
| Energies | 1:20 |
| Indices | 1:30 |
| Crypto | 1:2 |
| Stocks | – |
Cryptocurrencies
| BCH/USD | BTC/USD | ETH/USD | LTC/USD |
Commodities
| XAG/USD | XAU/USD | XPD/USD | XPT/USD |
| BRENT | CL | NGAS |
Indices
| ASX | DAX | DOW | FTSE |
| STOXX50 | NSDQ SP | NIKKEI | HK50 |
Forex Pairs
| AUD/CAD | AUD/CHF | AUD/JPY | AUD/NZD | AUD/SGD | AUD/USD |
| AUD/ZAR | CAD/CHF | CAD/JPY | CHF/HUF | CHF/JPY | CHF/ZAR |
| EUR/AUD | EUR/CAD | EUR/CHF | EUR/CZK | EUR/GBP | EUR/HUF |
| EUR/JPY | EUR/MXN | EUR/NOK | EUR/NZD | EUR/PLN | EUR/RUB |
| EUR/SEK | EUR/SGD | EUR/USD | EUR/ZAR | GBP/AUD | GBP/CAD |
| GBP/CHF | GBP/JPY | GBP/NZD | GBP/SGD | GBP/USD | GBP/ZAR |
| NOK/SEK | NZD/CAD | NZD/CHF | NZD/JPY | NZD/SEK | NZD/SGD |
| NZD/USD | SGD/JPY | USD/CAD | USD/CHF | USD/CZK | USD/HKD |
| USD/HUF | USD/ILS | USD/JPY | USD/MXN | USD/NOK | USD/PLN |
| USD/RUB | USD/SEK | USD/SGD | USD/ZAR | ZAR/JPY |
Payment Methods at FundedElite
FundedElite accepts deposits by:
- Credit/Debit Cards (Stripe)
- Crypto (Coinbase), Confirmo
- Google Pay, Cards, Apple Pay (Zen)
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 | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Steps | 2-steps | 1-step | 2-steps | 1-step | 2-steps | 1-step | 2-steps | 1-step | 2-steps | 1-step | 2-steps | 1-step |
| Price | $79 | $90 | $115 | $130 | $195 | $225 | $295 | $339 | $495 | $569 | $945 | $1085 |
| Leverage | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 |
| Profit split | 80% | 80% | 80% | 80% | 80% | 80% | 80% | 80% | 80% | 80% | 80% | 80% |
| Phase 1 profit target | 8% | 10% | 8% | 10% | 8% | 10% | 8% | 10% | 8% | 10% | 8% | 10% |
| Phase 2 profit target | 5% | N/A | 5% | N/A | 5% | N/A | 5% | N/A | 5% | N/A | 5% | 5% |
| Phase 3 profit target | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Max daily loss | 5% | 3% | 5% | 3% | 5% | 3% | 5% | 3% | 5% | 3% | 5% | 3% |
| Max total loss | 10% | 8% | 10% | 8% | 10% | 8% | 10% | 8% | 10% | 8% | 10% | 8% |
| Minimum trading days | 5 Days | 5 Days | 5 Days | 5 Days | 5 Days | 5 Days | 5 Days | 5 Days | 5 Days | 5 Days | 5 Days | 5 Days |
| Maximum trading days | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Second Chance Account | 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) | YES (one time only) |
| Commission per lot | 0 | 0 | $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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Steps | 2-steps | 1-step | 2-steps | 1-step | 2-steps | 1-step | 2-steps | 1-step | 2-steps | 1-step | 2-steps | 1-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.
| Broker | FX | Indices | AU, AG, Oil | XPD, XPT, NGAS | Crypto | US 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.
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.
- Discounts
- Second chance feature
- Reliable and trustworthy
- Easy evaluation process
- Slow payout process during the migration
FundedElite FAQ
You can. The highest combined sum allowed is $600k.
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.
FundedElite isn’t regulated and doesn’t offer investment services or take money from clients.
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.
