Key Updates Effective May 20, 2024
- Grandfathering Previous Trade Data: Trades and performance metrics from Elite Sim-Funded accounts before May 20, 2024, are exempt from current policy requirements. However, the new pay cycle will apply all updated policies, including the 23% rule based on the best Active Trading day P&L.
- Realized Profit Thresholds for Active Trading Days:
A minimum $200 realized profit per day is required for Active Trading day credit.
Accounts of 10K 1 Step, 25K 1 Step, 25K EOD, and 100K Static only require $100 minimum realized profit.
Daily profits must be at least 23% of the best Active Trading day P&L.
| Day | P&L | Best Day P&L | Active Trade Day Credit | Total Trade Day Credit |
| 1 | $1,000 | $1,000 | √ | 1 |
| 2 | $230 | $1,000 | √ | 2 |
| 3 | $200 | $1,000 | X | |
| 4 | $700 | $1,000 | √ | 3 |
| 5 | $2,000 | $2,000 (New) | √ | 4 |
| 6 | $500 | $2,000 | √ | 5 |
| 7 | $400 | $2,000 | X |
Additional Compliance and Consistency Requirements
- Safety Net Requirement: Account safety net (max drawdown + $100) must be maintained for all payout requests. Withdrawals from the safety net are prohibited for the first three cycles.
- Trading Behavior: Martingale, high-frequency, and erratic trading are disallowed. Traders must place one trade per week or notify ETF of absence to avoid account suspension.
- Audit Compliance: Non-compliance in three consecutive payout audits will result in account termination.
Payout and Promotions
- Payouts: Elite Sim-Funded payouts are processed each Wednesday, while Live Elite payouts are daily at 3 p.m. EST.
- Special Offers: Active traders may use the code EVALRST for a 50% discount on evaluation resets and ELITERST for a one-time Sim-Funded reset fee discount.