Why does ETF monitor a Trader's activity?

ETF closely observes the trading and IP activity of all Traders to ensure they comply with the Terms of Service and uphold the principles of integrity and fairness.

How soon after requesting a payout from an Elite Sim-Funded account can trading resume?

Any trading activity that occurs within the payout request window will not receive credit towards your active trading day total. After receiving email confirmation from the Payroll team that your payout request has been approved, denied, or delayed, traders with Elite Sim-Funded accounts will need to wait until the following session to resume trading and for an Active Trading Day to be credited.

What behavior is expected of Traders with Elite Sim-Funded accounts?

  • Consistency in earnings: At the time of any payout request, the Elite Sim-Funded account's most profitable active trading day cannot exceed forty (40%) percent of the total accumulated profit, including withdrawals. This can be calculated using: (Best Active Trading Day P&L / Total P&L) * 100 = % of P&L.
  • Traders are required to demonstrate sustained trading activity and a reasonable distribution of profits throughout the life of their Elite Sim-Funded account.
  • ETF strictly prohibits trading behavior that is intended to artificially manipulate and meet the payout criteria without genuine meaningful trading activity. This includes, but is not limited to:
    • Execution of 'scratch trades' whereby traders quickly enter a position with minimal risk and deviate from their established normal trading pattern.
    • Significant downsizing in the quantity and/or type of futures contracts that deviates from the clearly established trading pattern. (e.g. Minis to Micros or Minis (high leverage) to bare minimum futures contract size across several active trade days).
  • Trading practices such as martingale, high-frequency trading, or any form of erratic trading across several days are prohibited. 
    • Martingale clarification: strategy where a trader scales into a losing position by doubling (or oversizing) their quantity after each loss (or drawdown) to recover previous losses (or drawdown) with a single win. The Payroll team reviews trading activities, including the use of the Martingale strategy, during audits for payout requests. If an Elite Sim-Funded account is flagged for using this strategy, the Payroll team may require the trader to trade for additional days, remove any profits gained through the Martingale strategy, or even close the trader's account due to the unsustainable poor risk management.
  • 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.
  • Elite Sim-Funded traders must actively trade the required number of Active Trading days per payout cycle and maintain consistent trading behavior. If an Elite Sim-Funded trader's payout request is denied and/or delayed during an audit three times due to non-compliance, it will result in account closure. We seek to partner with dedicated traders, but continual non-compliance is a waste of valuable resources and hinders our ability to evaluate and promote Elite Sim-Funded traders to Live Elite.

What might happen to a Trader found violating the Terms of Service?

If a trader is found in violation of the Terms of Service, ETF might delay a payout and require the trader to meaningfully trade for additional days. However, ETF also reserves the right to withhold payouts, suspend service, and even terminate the trader's account.