Risk Warning: Your capital is at risk. 74-89% of retail investors lose money when trading CFDs.
You should consider whether you can afford to take the high risk.
FundedElite is owned by Christian Habibi who is the CEO and Co-Founder, and Artus S. Deshko, who is the COO and Co-Founder. The company is registered in Latina, Italy in 2023. They are the first prop firm that offers traders a “Second chance” feature.
Platforms for Trading at FundedElite
FundedElite offers access to two user-friendly trading platforms with modern features: MT5 and CTrader.
What Instruments Does FundedElite Offer?
At FundedElite you can trade:
- Forex
- Indices
- Metals
- Energies
- Crypto
- Stocks
Options for Payment at FundedElite
FundedElite accepts payments via:
- Credit/Debit Cards (Stripe)
- Crypto (Coinbase), Confirmo
- Google Pay, Cards, Apple Pay (Zen)
Different Account Sizes at FundedElite
FundedElite offers six different account sizes ranging from $7k to $200k.
| Challenge type/size | $7,000 | $7,000 | $15,000 | $15,000 | $25,000 | $25,000 | $50,000 | $50,000 | $100,000 | $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 |
FundedElite Approach to Profit Sharing
The profit share at FundedElite is 80%, but it’s not the same for all stages. If you pass the evaluation and reach the Elite stage with the “second chance” feature, your profit split is 50%.
How To Contact FundedElite?
You can contact FundedElite via live chat on the website, or email: [email protected].
Profit Goals at FundedElite
The profit goal in all challenges is 8% in the first phase, and 5% in the second. The $7k account size is an exception, which has a profit goal of 10% in the one-step challenge.
FundedElite: Loss and Drawdown Limits
The daily loss limit for 2-step challenges is 5%, while for the 1-step challenges, it is 3%. When it comes to the maximum overall loss, the 2-step challenges are capped at 10%, and the 1-step challenges are capped at 8%.
FundedElite Minimum/Maximum Trading Day Requirements
You have unlimited time to finish the evaluation, but you need to trade for a minimum of 5 days.
Cost of Joining FundedElite Challenge
| 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 |
Understanding Fees and Commissions at FundedElite
Commissions at FundedElite depend on the broker and chosen trading instrument.
| 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 | – |
Are Fees at FundedElite Refundable?
Yes, they are. 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 third payout.
Trial Periods Available at FundedElite
FundedElite doesn’t offer trial periods.
Frequency of Payouts
FundedElite offers bi-weekly payouts.
Pros vs. Cons based on Trustpilot reviews
- Many Discounts
- Second chance feature
- Easy Evaluation Process
- Mostly Fast Payouts
- Slow Payout Process During The Migration Process
FundedElite FAQ
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.
How do I contact Funded Elite’s customer support?
You can reach customer support through live chat or email at [email protected].
