Funded Elite scores 62/100 in our review, thanks to its highly customisable challenge options and wide CFD market access, offset by strict risk rules and mixed payout feedback. It’s an option if you want flexible one step, two step, or instant funding accounts, and are comfortable managing tight drawdown and consistency limits.
Funded Elite Summary
Based on its overall structure, features, and trader experience expectations, Funded Elite earns a 62/100. This prop trading firm operates through licensed platforms and broker integrations like MT5 and TradeLocker, and it scores well on pricing fairness, clear rule structure, and strong payout execution.
Major perks include dynamic scaling, free second chance resets on selected models, discounts, realistic profit targets, instant funding options, and add ons that can improve profit split or payout frequency.
However, it has its downsides like strict risk rules, consistency requirements, and payout procedures that require careful management to avoid breaking daily risk limits or account violations.
Funded Elite offers structured challenge models, instant funding options, and clear trading rules that encourage various trading styles. While the firm also has enough addons and a wide market access, the strict rule limits can affect flexibility.
Funded Elite offers several challenge models with a Standard Challenge with One and Two-Steps, Lite Challenge with One and Two-Steps, Flash Challenge, and Flash Activation Challenge account, and each of the challenges have adjustable fees, account sizes, profit target levels, daily drawdown limits, and payout progression.
Funded Elite allows you to fully customize your challenge account plan on their web page. For example, you can set to allow scalping, weekend trading, your leverage to 1:30, 1:50, and 1:100, your profit split from 60%, 70%, 80%, and 95%, days between payouts from three days to one, two, or three weeks.
Each model includes defined profit target stages, max daily loss, max total loss, trading days, scaling conditions, and reset or second chance rules.
| Feature | Standard Challenge | Lite Challenge | Flash Challenge | Flash Activation Challenge |
|---|---|---|---|---|
| Steps | Two Step | Two Step | None, Instant Funding | One Step |
| Upfront Fees | $41 to $6,800+ | $13 to $5,200+ | $159 to $3,986+ | Starts from $5 with only one step, After passing goes from $159 |
| Account Size | $7K to $300K | $5K to $300K | $7K to $100K | $25K to $200K |
| Evaluation Process (Profit Target) | Step 1: 6-12%, Step 2: 5% | Step 1: 6-12%, Step 2: 5% | Single step, 10% target | Step 1: 2-6% |
| Max Daily Loss | 5% | 4% | 3% (Drawdown Trailing Equity) | 3% |
| Max Total Loss | 5-10% | 6-10% | 6% | 6-10% |
| Min Trading Days | 3 per step | 3 per step | 3 | 1 day on first step, 3 days Live |
| Profit Share | 60-95% | 60-95% | 70-95% | 60-95% |
| Second Chance Reset (Retry) | Available | No ‘second chance’ | No ‘second chance’ | No ‘second chance’ |
The standard challenge is a traditional two step evaluation process for MT5 and TradeLocker with static drawdown, fees starting from $41, and account sizes as low as $7K and large as $300K in which the profit targets for step one can be adjusted via the webpage while step two has a 5% target across the board towards a funded account.
The Standard Challenge is Funded Elite’s main evaluation model that’s specifically designed if you prefer a structured approach with adjustable trading rules and profit targets. After the second step, the Live step requires you to trade for at least 3 days, and it has no profit target for the entire step. You can also adjust the leverage, profit split, maximum loss limits, and allow scalping or weekend trading at an additional cost.
You can choose this model if you want to adapt and manage floating loss with a traditional two step evaluation process, though if you prefer fast payouts or rapid evaluation, the strict rules may be limiting.
| Account Size | One Off Fee | Profit Target | Max Daily Drawdown | Max Drawdown | Min Trading Days | Profit Split |
|---|---|---|---|---|---|---|
| $7K | $41 | Step 1: 6-12%, Step 2: 5% | 5% | 5-10% | 3 per step | 60-95% |
| $15K | $60 | Step 1: 6-12%, Step 2: 5% | 5% | 5-10% | 3 per step | 60-95% |
| $25K | $101 | Step 1: 6-12%, Step 2: 5% | 5% | 5-10% | 3 per step | 60-95% |
| $50K | $152 | Step 1: 6-12%, Step 2: 5% | 5% | 5-10% | 3 per step | 60-95% |
| $100K | $240 | Step 1: 6-12%, Step 2: 5% | 5% | 5-10% | 3 per step | 60-95% |
| $200K | $457 | Step 1: 6-12%, Step 2: 5% | 5% | 5-10% | 3 per step | 60-95% |
| $300K | $639 | Step 1: 6-12%, Step 2: 5% | 5% | 5-10% | 3 per step | 60-95% |
The Lite Two Step Challenge has the same two-phase evaluation rules as the Standard Challenge with access to MT5 and TradeLocker, except it has a daily loss limit of 4% at a lower fee structure, and you won’t lose access to most trading conditions and rules. It’s designed to make it easier for beginner-friendly starting accounts with a lower purchase fee, but there is no second chance available for the Lite challenge.
| Account Size | One Off Fee | Profit Target | Max Daily Drawdown | Max Drawdown | Min Trading Days | Profit Split |
|---|---|---|---|---|---|---|
| $5K | $13 | Step 1: 6-12%, Step 2: 5% | 4% | 6-10% | 3 per step | 60-95% |
| $10K | $21 | Step 1: 6-12%, Step 2: 5% | 4% | 6-10% | 3 per step | 60-95% |
| $15K | $33 | Step 1: 6-12%, Step 2: 5% | 4% | 6-10% | 3 per step | 60-95% |
| $25K | $49 | Step 1: 6-12%, Step 2: 5% | 4% | 6-10% | 3 per step | 60-95% |
| $50K | $110 | Step 1: 6-12%, Step 2: 5% | 4% | 6-10% | 3 per step | 60-95% |
| $100K | $165 | Step 1: 6-12%, Step 2: 5% | 4% | 6-10% | 3 per step | 60-95% |
| $200K | $324 | Step 1: 6-12%, Step 2: 5% | 4% | 6-10% | 3 per step | 60-95% |
| $300K | $495 | Step 1: 6-12%, Step 2: 5% | 4% | 6-10% | 3 per step | 60-95% |
The Flash Challenge is the fastest evaluation model with only a live phase with stricter rules via MT5 and TradeLocker, a fixed daily loss limit of 3%, fixed 6% max loss limit, and it’s the only one with a trailing drawdown type. It’s suitable if you want to skip multi-step processes for quicker access to payouts
You can choose this instant funding model if you prefer single step evaluations with a higher profit target, but to request your payout, you’re required to maintain 3 profitable trading days with a profit/loss of 0,5% of your account size.
You can use add ons to improve payout frequency or profit split, although consistency requirements still apply. There are no second chances and no multi-step support.
| Account Size | One Off Fee | Profit Target | Max Daily Drawdown | Max Drawdown | Min Trading Days | Profit Split |
|---|---|---|---|---|---|---|
| $7K | $159-$850+ | None | 3% | 6% | 3 | 70 or 95% |
| $15K | $319-$1,708+ | None | 3% | 6% | 3 | 70 or 95% |
| $25K | $419-$2,243+ | None | 3% | 6% | 3 | 70 or 95% |
| $50K | $819-$4,385+ | None | 3% | 6% | 3 | 70 or 95% |
| $100K | $1,489-$3,986+ | None | 3% | 6% | 3 | 70 or 95% |
The Flash Activation Challenge, also previously known as the Activation Challenge (Pay Later), is a fast adjustable evaluation model with a $5 fee to enter the 1-step evaluation, a 6% profit target, 3% static daily drawdown, 6% max drawdown, and no minimum trading days required.
Once you pass the first step, you immediately transfer to Live step trading after completing the KYC with trader agreement, and pay the activation fee within 29 days from passing the challenge.
The only first step costs a $5 fee with an activation fee paid only after passing, depending on the account size.
What makes it special is that it’s specifically designed if you want a ‘pay later’ structure and avoid a large upfront purchase fee and lower risk exposure, but it has strict trading rules, and there is no ‘second chance’ add-on.
| Account Size | Evaluation Fee | Profit Target | Max Daily Drawdown | Max Drawdown | Min Trading Days | Profit Split | Activation Fee |
|---|---|---|---|---|---|---|---|
| $25K | $5 | 6% | 3% | 6% | 3 per step | 60-95% | $159 |
| $50K | $5 | 6% | 3% | 6% | 3 per step | 60-95% | $329 |
| $100K | $5 | 6% | 3% | 6% | 3 per step | 60-95% | $499 |
| $200K | $5 | 6% | 3% | 6% | 3 per step | 60-95% | $989 |
Funded Elite offers a wide set of add ons that allow you to adjust your trading conditions, improve payout structures, or modify evaluation rules at a price. These add ons provide better customization, although some are restricted depending on the account type or whether the model uses activation fee or discounted pricing.
| Add on | Applies To | Notes |
|---|---|---|
| Profit Split Adjustment | All accounts | Changes the profit share from 60% and up to 95% at a cost depending on account size |
| Payout Accelerator (Days Between Payouts) | All accounts | Reduces payout frequency, with days between payouts from 3, 7, 14, and 21 |
| Maximum Loss Limit | All accounts except Instant Funding | Modifies loss limit, varies by challenge type and step |
| Profit Target | All accounts except Instant Funding | Modifies profit target, varies by challenge type and step (2-6% for Flash Activation, and 6-12% for others) |
| Second Chance Addon | Only on Standard | Allows a ‘second chance’ reset under |
| Allow Scalping | All accounts | Once enabled, you’ll be allowed to hold positions for more than 30 seconds |
| Weekend Trading | All accounts | Allows holding open positions over the weekend from Friday to Monday |
| Leverage Adjustment | All accounts | From 1:30, 1:50, or 1:100 |
Funded Elite state that they are committed to transparency and there are no hidden rules with their structured rule framework that applies across all challenges and funded accounts. The rules define trading via automation permissions, risk controls, consistency requirements, news restrictions, and drawdown calculations.
Funded Elite scores 8/10 in this category because it provides a wide range of evaluation models that are fully customizable with flexible account sizes, clear rules, free second chance options on selected accounts, and useful addons. The strict rules and floating loss enforcement, as well as the risk of fast breaches during news trading may not be suitable for most. But, there are only a few platforms who offer this type of flexibility in creating your own challenge requirements. In contrast to other prop firms like The Funded Trader, Funded Elite offers challenge diversity and clear rule structure, but requires careful risk management to avoid violations.
Funded Elite uses a straightforward pricing model built around raw spreads from 0 pips and a fixed $3 per lot per side commission on all forex pairs, gold, silver, and oil, while most other instruments like indices, crypto, stocks, and many futures, trade with no commission fees.
For forex, every symbol uses the same commission, whether you trade the standard pair or the recommended “.c” raw spread version. What changes is the spread itself, and the “.c” symbols (EURUSDc, GBPUSDc, USDJPYc, etc.) are Funded Elite’s raw feed instruments and typically show extremely tight pricing, often near 0.0 pips in liquid hours.
The non-c versions still use the same $3 per side commission, but spreads are naturally wider because they aren’t routed through the raw stream feed.
Gold, silver, and oil follow the same $3 per side commission as forex trading, but some futures-dated or alternative versions of these instruments trade spread-only with no added fee. In practice, it depends on the contract type: spot-style metals and oil usually carry the standard commission, while certain natural gas and precious-metal futures are listed as commission free.
| Asset Class | Commission | Spread Profile |
|---|---|---|
| Forex (all pairs) | $3 per lot per side | Tightest on .c symbols, wider on non-c |
| Gold, Silver, Oil | $3 per lot per side on core contracts | Raw or near-raw spreads; some futures versions are spread-only |
| Indices | None | Spread-only |
| Crypto CFDs | None | Spread-only; wider in low-liquidity periods |
| Equity CFDs | None | Spread-only |
| Futures | Mixed (0 or $3 depending on contract) | Varies by symbol family and liquidity |
Funded Elite scores 7/10 for its raw-style spreads, simple commission structure, and cost-effective pricing on major pairs. The lack of commissions on indices, crypto, and equities helps keep overall trading costs predictable. Some instruments, especially niche CFDs and crypto pairs, can show wider spreads at off-peak times, but the core pricing remains competitive. Overall, Funded Elite offers a solid balance of tight spreads and transparent execution for most day-trading styles.
Funded Elite provides access to a wide set of tradable instruments up to more than 300 CFD products, covering forex, commodities, indices, crypto, stocks, and futures with leverage custom-tailored to account types.
The prop firm structures its market coverage to encourage different trading styles, including intraday, swing, and multi asset strategies. The combination of diverse markets and structured leverage offers flexible trading conditions for most accounts.
Funded Elite offers over 50 forex pairs, several major indices, commodities, crypto on leading digital assets, along with stock for selected equities, all as CFDs. Futures are available for indices and commodities, matching underlying contract specifications but settling as CFDs.
| Asset Class | No. of Instruments | Notes |
|---|---|---|
| Forex Pairs | 50-70+ | Includes major pairs and minors |
| Metals | 5-10+ | Gold, Silver, Platinum, and others |
| Indices | 10-15+ | Includes NAS100, GER40, S&P 500, NASDAQ, Dow Jones |
| Commodities | 5-15+ | Energy and soft commodity like agriculture |
| Crypto CFDs | 10-30+ (may vary by platform) | BTC, ETH, and other digital assets |
| Stock CFDs | 100-150+ (may vary by platform) | Apple, Tesla, Amazon, Microsoft, Google, Meta |
| Futures CFDs | 50-100+ | Energy, metals, S&P, NASDAQ, currency futures |
On Funded Elite, the base leverage for all accounts is at 1:30, but you can buy add-ons to increase the leverage to 1:50 (+10%), or to 1:100 (+20%).
Most challenges offer 1:30 as the default setting across forex, stocks, metals, indices, commodities, and crypto CFDs. Stock CFDs may include lower leverage settings because of liquidity.
Leverage remains solid between evaluation and funded stages unless they’re modified by add ons or changes in account structure. Leverage is not adjusted based on the type of instrument or account balance; it remains fixed at the selected level, whether default or upgraded.
Even with higher leverage, there are still risk limits in place, as you can risk no more than 2.5% of your account on any single trade, and there are daily and maximum drawdown limits.
Funded Elite performs solidly in this category with a score of 7/10 due to its wide product range, realistic leverage settings, and flexible add ons that allow increased leverage on selected accounts. They have futures CFDs, crypto CFDs, metals, and global indices that improve market diversity. However, downsides include limited single stock selections and variable crypto availability. Compared to most prop firms, Funded Elite offers decent asset coverage and a competitive leverage structure.
Funded Elite lets you choose between common trading platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and TradeLocker, and the access fee to all these platforms is included in your evaluation fee which means there are no platform subscription charges. They offer their own webpage tools for the dashboards, data feeds, and analytics, and you get real-time market data for all platforms and asset classes without extra costs for the data feeds.
The MT4 and MT5 platforms are available for all accounts, but TradeLocker is not available on the Flash Activation Challenge. cTrader was previously available, but will be reinstated along with DXtrade in the future.
Funded Elite are officially licensed by MT5 and TradeLocker via MetaQuotes with direct broker bridging, and for cTrader, the firm uses broker backed connectivity through Purple Trading.
Traders residing or trading in Algeria, Cuba, Iran, Iraq, Lebanon, Libya, North Korea, Syria, USA, Somalia, Crimea, Donetsk, and Luhansk regions of Ukraine are prohibited from accessing MT5 and TradeLocker.
| Platform | Accounts | Notes |
|---|---|---|
| MetaTrader 4 (MT4) and MetaTrader 5 | All accounts | Good for forex trading. MT5 supports more asset classes, better charting tools and indicators than MT4. |
| TradeLocker | All except Flash Activation Challenge | Browser-based trading platform with indicators, drawing tools, and standard order types, Limited automation features compared to MT5 |
Supported for all accounts, MT5 is the general industry trading standard, and offers indicators, Expert Advisor compatibility, automated strategies, robust execution tools, and multi time-frame setups without additional surcharges.
MT5 offers support for forex, metals, indices, commodities, crypto CFDs, and selected stock CFDs. Algorithmic trading is enabled, but Funded Elite forbids any unsupported high frequency or manipulative strategies.
TradeLocker is a simplified trading interface that offers you indicators, drawing tools, and standard take profit and stop loss types, but automation features are limited compared to MT5. Both TradeLocker and MT5 show Level I prices on the feeds.
This browser-based, mobile friendly platform has support for forex, metals, indices, commodities, crypto, and CFDs futures, and it suits those who want quick access to trading.
We give Funded Elite a score of 6 in this category due to its support for MT5, and TradeLocker, all of which cover major markets and tradable instruments. Automation is fully available on MT5, while TradeLocker provides a lightweight alternative. The lack of automation support on TradeLocker and platform restrictions reduce the score. Funded Elite offers restricted, but standard platform variety with reliable environments.
Once you reach the first payout after the funded trader stage, you receive payouts without fixed withdrawal limits, and you can set the ‘days between payouts’ range from 3, 7, 14, or 21 days.
Funded Elite does not fund traders with real money, instead with virtual capital that’s traded under real-time market conditions. The profit split starts at 60%, and can be modified via paid addons up to 95%.
Funded Elite processes all funding via a third-party system called Rise that offers payment methods like debit and credit cards on Visa or Mastercard, PayPal, bank transfers, wire transfers, and a 500 USD maximum limit crypto payments via Confirmo.net.
Despite the flexibility with the tailored accounts, Funded Elite loses score points because of their online reputation for payout issues. There’s a concerning number of negative experiences found on forums and social channels where their clients complain that Funded Elite do not honor the 35-day waiting period. Some state that they have never received their funding even when promised by the firm they’ll receive the payment within the week.
Funded Elite scores 4/10 due to its flexible profit split upgrades, and withdrawal method through Rise. The structured timing and transparent payout rules support predictable earnings once funded. However, a major downside is the major number of trader complaints in regards to non-existent payments, as well as strict risk controls on payout eligibility, and limitations for the timing structure of specific models.
Funded Elite offers support through a ticket system, 24/7 email assistance, and a structured knowledge base for account rules, trading conditions, payouts, and platform details. They have very clear and tidy web documentation for evaluation rules, add ons, trading conditions, and platform setup.
Upon testing and contacting the team, the support met predictable response times and answered our questions. The help center offers articles on rule enforcement, activation fees, and account setup.
The educational resources have guides covering topics like consistency rules, floating loss calculations, max daily drawdown logic, and platform configuration. But, Funded Elite does not offer formal courses or mentorship programs.
Funded Elite scores 6/10 for its help center and multiple support channels. The documentation covers all key features, trading rules, and account types. Compared to other prop firms, Funded Elite offers fast tech-support, and clear rule explanations. However, the lack of courses, and interactive educational content reduced the score.
Funded Elite has a TrustPilot score of 4.5/5 from 562 reviews, and the feedback commonly refers to Funded Elite’s user-friendly system, customizable challenges, clear rules, and polite customer support.
Registered in Saint Lucia, Funded Elite is not backed by a regulated broker, but they have a solid operational framework supported by broker connectivity through Purple Trading which is a CySEC-regulated EU broker. They claim transparency for their drawdown rules, trading conditions, payouts, and platform access.
Public perception for FE is mixed because their primary Trustpilot page shows highly favorable reviews because of fast payouts but reviews from other socials complain of delayed payouts and connection to scam allegations. The firm has country restrictions (like excluding US and Canadian residents), but does not appear to have suffered a public operational pause.
Funded Elite scores a Goldilocks 5/10 score because of its clear public documentation, and transparent rule sets that are drastically lowered by their unfavorable reviews. In comparison to the newest prop firms, Funded Elite provides an open rule framework that reflects fair transparency, but the strict rule enforcement and country restrictions also negatively affect the score.
The firm earns a 62/100, due to its flexible account and challenge settings, trading conditions, transparency, platforms, spreads, and payout structure, with lower scores in trust and payout stability.
Funded Elite is arguably more restrictive in rule enforcement, but their key strengths are its tight documentation, highly customizable challenge formats, and stable pricing supported through partner broker connectivity. Some limitations appear in the strict consistency conditions, country restrictions, and the sensitivity of floating loss rules, which can reduce flexibility for certain strategies. A major negative factor is the consistent unfavorable reviews as well.
Yes, Funded Elite processes payouts for funded trading accounts. Payouts are handled via Rise, and you can request withdrawals once you successfully meet the required trading days on your funded account. The firm follows a structured schedule, beginning with a 21-day first cycle and then shifting to 14-day cycles. Profit splits start at 8%, and documentation shows consistent processing as long as you follow the established rules and drawdown conditions.
Funded Elite has a very customizable challenge model with accounts that offer several benefits like multiple challenge models, clear trading rules, quick payouts, and access to top trading platforms like MT5, and TradeLocker. You can choose between Standard, Lite, Instant Funding, and Flash Activation Challenge models, each with transparent targets and fixed drawdown limits.
Similarly to the prop trading firm FXIFY, the adjustable addons can offer profit split upgrades, extra flexibility, and payout acceleration. The raw spreads and clear rules make Elite Funded an attractive option for most traders looking for structured trading platforms.
Yes, funded accounts work as long as you follow the firm’s rules, conditions, and payout requirements. You receive real payouts when you generate profits within the firm’s defined parameters. These accounts rely on strict rules for risk management, and payouts are issued when you meet the quota. Funded accounts are generally used to access scale and structure without risking personal capital because they are a viable trading method.
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