Click here to view the Risk Disclosure
Disclaimer: Please note that Elite Trader Funding (ETF) offers a clear path to live funding (LIVE ELITE) through our partner, EdgeClear.
- Learn more about EdgeClear
- LIVE ELITE accounts do not have a consistency rule.
Minimum Trading Activity
All Elite Sim-Funded traders must execute at least one trade per calendar week. If you are unable to trade in a given week, please inform ETF’s customer service team. Failure to meet the weekly trade requirement, without prior notification or arrangement, may result in the closure of your account(s) and void any payouts due to you.
Flatten Trades
- Elite Sim-Funded traders must close all positions 1 minute before the market closes. Different instruments have different market closing times, especially when holidays are observed. It is your responsibility to know these and close your positions before the respective market closes.
- If you are not flat 1 minute before the market closes, your Elite Sim-Funded account will be closed and all profits forfeited (this hard breach also results in account failure for evaluations).
- This rule does not apply to Elite Diamond Hands.
Where do I find my P&L stats?
You click the 'View Stats' button from your ETF Trader Dashboard. You should see DT (days traded) column header along with 'Details.'
For more information, click here.
Maintain Proper Risk Management
In the event that a trader achieves a 20% (or greater) increase in the overall account size, and subsequently experiences a loss exceeding 50% intraday or in a single trading day of the total increase in the Elite Sim-Funded account, such account shall be deemed invalid for continued participation in the Elite-Sim program and for eligibility in the LIVE ELITE program. This determination will be made during audits conducted by the risk team or at the time of a payout request, based on the increased risk profile associated with such significant drawdowns, which renders the account unsustainable for these programs.
| Account Stage | Description | Account Balance | Change |
|---|---|---|---|
| Initial Balance | Starting account balance | $150,000 | - |
| After 20% Growth | Account increases by 20% | $180,000 | +$30,000 |
| After Significant Loss | Account experiences a loss exceeding 50% of the increase | $165,000 | -$15,000 (50% of $30,000) |
Summary:
- Initial Balance: The account starts with a balance of $150,000.
- After 20% Growth: The account grows by 20%, reaching $180,000.
- After Significant Loss: The account experiences a loss of more than 50% of the increase ($15,000 loss), resulting in a balance of $165,000, making the account invalid for continued participation in the Elite-Sim program.
- Do not hit or exceed the intraday trailing drawdown. (The drawdown follows your intraday highest unrealized gains.)
| Scenario | Description | Example |
|---|---|---|
| Starting Point | Initial account balance. | $150,000 |
| Intraday Highest Unrealized Gain | The highest gain was achieved intraday but has not yet been realized (not closed). | $10,000 |
| Trailing Drawdown | The drawdown limit follows the intraday highest unrealized gain. | Drawdown follows the $10,000 gain |
| Realized Gains + $100 | The drawdown stops trailing after you have realized gains equal to the drawdown amount plus $100. | If the drawdown is $5,000, after realizing $5,100 in gains, the drawdown stops trailing. |
| Exceeding the Drawdown | If the intraday losses hit or exceed the trailing drawdown amount, the account will be set to failed status. | If the drawdown limit is $5,000 and you lose $5,000 or more, the account will be set in liquidation-only mode. |
Summary:
- The trailing drawdown follows your highest unrealized gains during the day.
- The drawdown stops trailing once you've made your drawdown amount plus $100 in realized gains.
- Hitting or exceeding this drawdown can impact your account's eligibility in trading programs.
Elite Sim-Funded EOD & Elite Sim-Funded Diamond Hands
- Do not hit or exceed the static daily loss limit.
- Cash balance must stay above the max EOD drawdown by the market close.
| Scenario | Description | Example |
|---|---|---|
| Account Size | The starting account balance. | $150,000 |
| Static Daily Loss Limit (DLL) | The maximum amount you can lose in a single day. Exceeding this limit will trigger liquidation-only mode and account failure status. | Daily loss limit is set at $3,300. |
| End-of-Day (EOD) Max Drawdown | Your cash balance must stay above the maximum drawdown limit by the end of the trading day. Failure to do so will result in liquidation-only mode and failure status. | Max EOD drawdown is $4,500. |
| Trailing Stops After Realized Gains | The EOD drawdown and daily loss limit stop trailing once you have realized gains equal to the maximum drawdown amount plus $100. | If the max drawdown is $4,500, it stops trailing after $4,600 in realized gains. |
| Intraday Minimum Balance & Liquidation | If your balance hits the minimum intraday, your account will result in liquidation-only mode and failure status. | Balance drops to $145,500, triggering liquidation-only mode and failure status. |
Summary:
- Account Size: The account begins with a balance of $150,000.
- Static Daily Loss Limit (DLL): Exceeding the daily loss limit of $3,300 will result in your account being set to liquidation-only mode and flagged as failed.
- EOD Max Drawdown: Your cash balance must stay above the max drawdown limit of $4,500 by the end of the day to avoid liquidation-only mode and failure status.
- Trailing Stops: Both the EOD drawdown and daily loss limit stop after you've made the drawdown amount plus $100 in realized gains.
- Liquidation Mode: If your balance hits the minimum intraday, the account will automatically switch to liquidation-only mode and failure status.
- Do not hit or exceed the minimum static balance.
| Scenario | Description | Example |
|---|---|---|
| Account Size | The starting account balance. | $150,000 |
| Static Minimum Balance | The minimum account balance must be maintained. If this balance is hit or exceeded on the downside, the account will be set to liquidation-only mode and failure status. | Static minimum balance is $148,750. |
| Drawdown Mechanism | The drawdown is fixed and does not trail or move with your account growth. | Drawdown remains at the static minimum balance of $148,750 regardless of account gains. |
| Account Growth | As the account grows, the static drawdown level remains fixed, providing a stable threshold for risk management. | If the account grows to $160,000, the drawdown is still $148,750. |
| Liquidation Mode | If the account balance hits the static minimum balance, the account will switch to liquidation-only mode and failure status. | If the account balance drops to $148,750 or below, liquidation-only mode is triggered. |
Summary:
- Account Size: The account starts with a balance of $150,000.
- Static Minimum Balance: The account must not fall below the static minimum balance of $148,750. If it does, the account will be set to liquidation-only mode and marked as failed.
- Fixed Drawdown: The drawdown remains at the static minimum balance of $148,750 and does not change, regardless of how much the account grows.
- Account Growth: The static drawdown provides a stable risk threshold as the account balance increases.
- Liquidation Mode: If the balance hits the static minimum, the account will automatically switch to liquidation-only mode and failure status.
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For Elite Sim-Funded accounts only, at the time of any withdrawal request, your best profitable day cannot exceed forty (40) percent of the total profit, including withdrawals.
- (Best Day P&L / Total P&L) * 100 = % of P&L
- This policy does not apply to accounts purchased or activated on or after August 1, 2024.
If you experience any discrepancies with your Elite Sim-Funded account, please cease all trading activity and reach out to support.