FundedElite is a prop firm established in 2023. They offer a “second chance” that is a retry option feature. The CEO and Co-Founder of FundedElite is Christian Habibi, and the COO and Co-Founder is Artur S. Deshko. The firm is registered in Latina, Italy.
FundedElite Available Trading Platforms
FundedElite provides two trading platforms: MT5 and CTrader.
Trading Instruments Offered at FundedElite
Trading instruments offered at FundedElite are Forex, Indices, Metals, Crypto, Stocks, and Energies.
Payment Options at FundedElite
You can make your purchase at FundedElite via:
- Cards, Apple Pay (Zen), Google Pay
- Crypto (Coinbase), Confirmo
- Debit/Credit Cards (Stripe)
Account Size Varieties at FundedElite
FundedElite offers six account sizes:
- $7k
- $15k
- $25k
- $50k
- $100k
- $200k
| Challenge type/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 |
| 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 |
Profit Share Dynamics in FundedElite
At FundedElite, you’re keeping 80% of the profit, and they keep the 20%. After successfully passing the evaluation and if you reached the Elite stage with the “second chance” feature, your profit split changes to 50%.
Contact FundedElite
You can reach FundedElite customer support through live chat or by emailing: [email protected].
Profit Targets Across Challenges
All challenges have a profit target capped at 8% in the first phase, and 5% in the second. An exception is the $7k account size which has a profit target of 10% in the one-step challenge.
Max Daily/Total Loss and Drawdown Rules at FundedElite
For 1-step challenges, you can lose up to 3% daily, while for 2-step challenges, it’s up to 5%. The maximum total loss allowed is 10% for 2-step challenges and 8% for 1-step challenges.
Maximum/Minimum Trading Days Policy at FundedElite
The minimum number of trading days is 5 for all challenges. You’re not limited when it comes to the maximum number of days.
How to Pass FundedElite Challenges
To pass the FundedElite evaluation, you need a clear plan. Understand the profit targets, drawdown limits, and trading days. You should make sure to avoid any emotional decisions, and stick with your plan. The key is to meet the evaluation requirements and have consistent profits and trading strategy.
Challenge Participation Fees
| 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 |
FundedElite Fee and Commission Details
Commissions at FundedElite vary depending on the trading instrument and the chosen broker.
| 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 | – |
Are Fees Refundable at FundedElite
Yes. Your fee can be refunded based on your trading performance. If you pass on your first attempt, you’ll get a refund with your first payout. If you use the “Second chance” feature and get a retry, the fee is refunded with your third payout.
Does FundedElite Offer Free Trials?
No. There is no free trial option at FundedElite.
Payout Intervals at FundedElite
You can request your first payout at FundedElite at least 14 days after making your first trade. Every next payout can also be requested bi-weekly.
Breaking Down FundedElite Pros and Cons (According to Community Reviews)
- Discounts
- Second chance feature
- Reliable and trustworthy
- Easy evaluation process
- Slow payout process during the migration
FundedElite FAQ Section
Yes, the total account funds maximum is $600k.
How does second chance work?
The second chance feature gives you the opportunity to start over from the beginning if you fail the first or second phase. You can use it only once, and it only works for evaluations.
Are they a regulated company?
No. FundedElite is not a regulated broker, they don’t take capital from clients or offer investment services.
How do I contact Funded Elite’s customer support?
Contact FundedElite customer support via live chat or email: [email protected].
