Q: Why does ETF monitor a Trader's activity?
ETF closely observes all trading activity to ensure traders follow the Terms of Service and maintain fairness and integrity in their trading practices.
Q: What does KYC mean, and do I have to do it?
KYC stands for "Know Your Client." It’s an industry standard that ETF uses to identify traders correctly for payouts. All traders must complete KYC before receiving their payout. For more information about our KYC please visit the article here.
Q: How soon can trading resume after requesting a payout from an Elite Sim-Funded account?
Traders must wait for an email from Payroll before resuming trading. Any trading activity on the day of the payout request will not be counted towards Active Trading Day totals.
Once you receive an email confirming your payout is approved, the requested funds are deducted from your account; you may immediately resume trading. Your Trader Dashboard will not be updated until you have new trading activity.
Q: How often do I need to trade my account?
You must satisfy the weekly trading requirement. Failure to execute a trade for a week will result in account closure and void any payouts.
Q: What behavior is expected of Traders with Elite Sim-Funded accounts?
Traders are required to maintain sustained trading activity and ensure a reasonable distribution of profits throughout their Elite Sim-Funded account’s life.
Q: What does ETF mean by sustained trading activity and reasonable distribution of profits?
Elite Sim-Funded accounts require traders to meet minimum trading activity, ensuring profits are distributed reasonably over time.
Q: What are hard policy violations that can cause my Elite Sim-Funded account to be closed?
Hedging against yourself using the same instrument on multiple accounts. Learn more.
Exceeding Position Limits: The maximum number of open positions allowed simultaneously is strictly limited. Exceeding the max position limit can result in account failure, profit forfeiture, and closure.
Triggering Max Drawdown: The drawdown follows your highest intraday gains and stops trailing once you realize gains equal to the drawdown amount plus $100. Triggering a daily loss limit on End of Day or Diamond Hands accounts will also cause your account to be liquidated.
Flatten Trades: All positions must be closed 1 minute before market close. Failure to do so will result in account termination and forfeiture of profits.
Diamond Hands and Direct To Funded (DTF) accounts are exempt from this rule.
Weekly Trading Requirement: Traders must execute at least one trade per week to maintain an active account. If you are unable to trade due to specific reasons, please notify ETF via the self-serve form available here. Failure to execute a trade for a week will result in account closure and void any payouts. This rule applies to all account types, including Diamond Hands.
Loss Limits: A new loss limit applies once a trader earns 20% profit on their Elite Sim-Funded account. Should you lose more than 35% of your total profit from that point forward, Elite Trader Funding reserves the right to remove the account from the Elite Sim program. The loss limit overrides the initial max drawdown of the account, and it may trigger intraday, in a single session, or over the account's lifetime; it also disqualifies a trader from being eligible for the LIVE Elite program. The loss limit policy is in place to promote responsible risk management and to protect capital.
This assessment occurs during routine risk audits or at payout requests, where ETF evaluates accounts for stability based on drawdown performance.
Note: If you are asked to trade additional days, the minimum requirement is 8 Active Trade Days.
Q: What happens if a Trader violates the Terms of Service?
Traders violating ETF’s Terms of Service may face delayed payouts, additional trading days, withheld payouts, or account suspension.