To qualify for LIVE ELITE, traders must meet certain criteria. While some of these requirements are transparent, others are proprietary to our system and remain undisclosed. Here's what we can share:
Consistency in Trading
Demonstrated consistency in your session-to-session trading activities.
Post-Payout Consistency
Ability to maintain consistency even after receiving one or more payouts on any Elite-Sim funded account.
Background Check
All traders must pass a background check without any incriminating records.
Knowledge of Exchange Rules
A thorough understanding of the rules and regulations of the exchange you're trading in. Please review the CME Rules and Regulations.
Safety Threshold
Accounts that meet our safety threshold will be eligible for LIVE ELITE. In order to move from an Elite Sim-funded account to a LIVE ELITE funded account with EdgeClear, you must first earn realized profits equal to drawdown +$100.
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.