FundedElite is a relatively new prop firm established in 2023. It’s registered in Latina, Italy. The CEO and Co-Founder of FundedElite is Christian Habibi, while the COO and Co-Founder is Artur S. Deshko. FundedElite states that they aim to give every trader a chance to succeed, no matter their background. They’re offering education and support to create a fair trading environment. FundedElite is the first prop firm to offer a “Second chance” feature.
Trading Platforms at FundedElite
FundedElite offers two trading platforms MT5 and CTrader. Both platforms have unique and modern features, and they’re easy to use.
Instruments Available with FundedElite
At FundedElite, you can trade Forex, Indices, Crypto, Metals, Energies, and Stocks.
How to Make Payments at FundedElite
FundedElite has several payment options:
- Google Pay, Cards, Apple Pay (Zen)
- Crypto (Coinbase), Confirmo
- Credit/Debit Cards (Stripe)
Account Sizes Available at FundedElite
There are six available account sizes at FundedElite ranging from $7k to $200k.
Profit Splits in FundedElite
FundedElite offers an 80:20 profit split. You’re keeping 80% of the profit, while they keep the rest. After you pass the evaluation and reach the Elite stage using the “second chance” feature, you will have a different profit split of 50%.
Contact FundedElite
You can contact FundedElite customer support via live chat or email: [email protected].
Profit Targets for FundedElite
The profit targets at FundedElite depend on the challenge and account size. The $7k account size, with the one-step challenge, has a profit target of 10%. All the other challenges have a profit target of 8% in the first phase, and 5% in the second.
Maximum Daily Drawdown and Loss at FundedElite
You can lose up to 3% daily for 1-step challenges, and up to 5% for 2-step challenges. The maximum total loss is 10% for 2-step challenges and 8% for 1-step challenges.
Minimum/Maximum Trading Days Required at FundedElite
The minimum number of trading days at FundedElite is 5 days for all challenges, while there is no limitation when it comes to maximum trading days.
FundedElite: Rules and Challenges
| Challenge type/size | $7,000 | $7,000 | $15,000 | $15,000 | $25,000 | $25,000 | $50,000 | $50,000 | $100,000 | $100,000 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Steps | 2-steps | 1-step | 2-steps | 1-step | 2-steps | 1-step | 2-steps | 1-step | 2-steps | 1-step | 2-steps | 1-step |
| Price | $79 | $90 | $115 | $130 | $195 | $225 | $295 | $339 | $495 | $569 | $945 | $1085 |
| Leverage | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 |
| Profit split | 80% | 80% | 80% | 80% | 80% | 80% | 80% | 80% | 80% | 80% | 80% | 80% |
| Phase 1 profit target | 8% | 10% | 8% | 10% | 8% | 10% | 8% | 10% | 8% | 10% | 8% | 10% |
| Phase 2 profit target | 5% | N/A | 5% | N/A | 5% | N/A | 5% | N/A | 5% | N/A | 5% | 5% |
| Phase 3 profit target | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Max daily loss | 5% | 3% | 5% | 3% | 5% | 3% | 5% | 3% | 5% | 3% | 5% | 3% |
| Max total loss | 10% | 8% | 10% | 8% | 10% | 8% | 10% | 8% | 10% | 8% | 10% | 8% |
| Minimum trading days | 5 Days | 5 Days | 5 Days | 5 Days | 5 Days | 5 Days | 5 Days | 5 Days | 5 Days | 5 Days | 5 Days | 5 Days |
| Maximum trading days | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Second Chance Account | YES (one time only) | YES (one time only) | YES (one time only) | YES (one time only) | YES (one time only) | YES (one time only) | YES (one time only) | YES (one time only) | YES (one time only) | YES (one time only) | YES (one time only) | YES (one time only) |
| Commission per lot | 0 | 0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Steps Available in FundedElite Challenge
FundedElite has 1-step and 2-step challenges.
Pricing for FundedElite Challenge
| Account Size | $7,000 | $7,000 | $15,000 | $15,000 | $25,000 | $25,000 | $50,000 | $50,000 | $100,000 | $100,000 | $200,000 | $200,000 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Steps | 2-steps | 1-step | 2-steps | 1-step | 2-steps | 1-step | 2-steps | 1-step | 2-steps | 1-step | 2-steps | 1-step |
| Price | $79 | $90 | $115 | $130 | $195 | $225 | $295 | $339 | $495 | $569 | $945 | $1085 |
Commissions and Fees at FundedElite
Commissions at FundedElite depend on the trading instrument and broker.
| FX | Indices | AU, AG, Oil | XPD, XPT, NGAS | Crypto | US Stocks | |
|---|---|---|---|---|---|---|
| Purple Trading | $3 | $0 | $3 | $0 | $0 | – |
| ThinkMarkets | $7 | $0 | $7 | $0 | $0 | – |
FundedElite: Refund Policies
Your fee can be refunded depending on how you perform in the trading challenges. If you pass on your first attempt, the fee will be refunded to you with your first payout. If you use the “Second chance” feature, and get a retry, the fee is refunded with your third payout.
Trial Offers at FundedElite
FundedElite doesn’t offer a trial period.
Payout Schedules of FundedElite
You can request a payout minimum of 14 days after your first placed trade.
Evaluating FundedElite: Advantages and Disadvantages
- Fair profit share
- Low commissions
- Six account sizes
- Transparent rules
- Second chance feature
- New prop firm
FundedElite FAQ Section
Yes, you can. The total account funds limit is $600k.
How does second chance work?
If you fail the first or second phase, you can start over from the beginning. You can use this feature only once. This only works for evaluations.
Are they a regulated company?
No, FundedElite is not a regulated broker. They don’t take capital from clients and they don’t offer investment services.
How do I contact Funded Elite’s customer support?
You can contact the support team via live chat or email: [email protected].
