Futures prop firm review

Elite Trader Funding review

Elite Trader Funding is a futures-focused evaluation firm that runs a one-step evaluation with a trailing drawdown. It publishes a broad set of account sizes from $10K through $250K, supports the standard futures platform stack, and advertises a 20/80 split after the firm's initial payout threshold. Traders pick ETF when they want a large tier range and frequent promos; traders avoid ETF when they want end-of-day drawdown or a lighter rule set.

United StatesFounded 2022Honors code PIPMain risk: Trailing drawdown follows unrealized profit intraday until y…

Elite Trader Funding

50% off with PIP

Up to 50% off with code PIP

Use code PIP for up to 50% off eligible evaluations. Applies to 6 eligible products.

Last checked: 6 days ago

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At a glance

Best-fit trader

Active intraday futures traders who want a wide account catalog, frequent discounts, and a trailing drawdown they are used to managing.

Main rule to understand first

Trailing drawdown follows unrealized profit intraday until you pass the initial balance by a firm-defined buffer, scaling inside a winning trade can move your drawdown line faster than expected.

Quick facts

Elite Trader Funding quick facts
Firm	Elite Trader Funding
Account sizes	$10,000 – $250,000
Drawdown type Trailing drawdown tracks unrealized profit during the evaluation. The line locks once equity is above the initial balance by a firm-defined buffer. Confirm the exact buffer per account tier against the current ETF rules page before purchase.	Trailing
Profit split	80/20
Payout cadence	bi-weekly
Min payout	$200
Platforms	Tradovate, NinjaTrader, Rithmic, Quantower
News trading	Restricted, check firm rules
Copy trading	Allowed
Minimum trading days	5 days
Country (HQ)	United States

Pricing and PIP discount

Full-price evaluations, the PIP-adjusted price estimate, reset and activation fees, and the minimum out of pocket to reach a first payout.

Account	Full price	With PIP	Reset	Activation	Min. out of pocket
$10K Evaluation Target $750 · Max loss $750 · Daily loss $400	$129	$65	$100	$130	$195
$25K Evaluation Target $1,500 · Max loss $1,500 · Daily loss $500	$175	$88	$100	$130	$218
$50K Evaluation Target $3,000 · Max loss $2,000 · Daily loss $1,000	$205	$103	$100	$130	$233
$100K Evaluation Target $6,000 · Max loss $3,000 · Daily loss $2,000	$325	$163	$100	$130	$293
$150K Evaluation Target $9,000 · Max loss $4,500 · Daily loss $3,000	$365	$183	$100	$130	$313
$250K Evaluation Target $15,000 · Max loss $6,500 · Daily loss $4,500	$605	$303	$100	$130	$433

PIP price applied to the evaluation only. Reset and activation fees shown at full price. Minimum out of pocket assumes you pass on the first attempt. Always confirm at checkout, offers change.

Run the true cost calculator Full Elite Trader Funding discount page

Rule summary

Plain-English rules pulled from the firm's published policies. Always verify on the firm's site before purchase.

Elite Trader Funding rule summary
Drawdown type Trailing drawdown tracks unrealized profit during the evaluation. The line locks once equity is above the initial balance by a firm-defined buffer. Confirm the exact buffer per account tier against the current ETF rules page before purchase.	Trailing drawdown
Profit target Targets and limits scale with the account tier, see pricing.	$750 on the $10K Evaluation
Max loss	$750 on the $10K Evaluation
Daily loss limit	$400 on the $10K Evaluation
Consistency rule Elite Trader Funding applies a consistency guideline on funded accounts at payout review. The firm publishes the current threshold on its rules page, check it before requesting a payout.	Yes, see firm's current policy
News trading	Restricted, check firm rules
Copy trading	Allowed
Scalping	Allowed
Overnight holds	Not allowed
Minimum trading days	5 days
Inactivity limit	10 days
Multi-account limits	ETF caps the number of concurrent evaluations and funded accounts per trader. Review the current policy before purchasing additional accounts.

Read the full Elite Trader Funding rules breakdown

Payouts

Elite Trader Funding payout rules
First payout eligibility	After 14 trading days
Minimum payout	$200
Maximum payout	Uncapped
Profit split	80% trader / 20% firm
Payout cadence	bi-weekly
Payout methods	Bank wire, Rise, Crypto

Conditions to satisfy on payout request

Minimum trading day count must be met before the first payout.
Consistency guideline must be satisfied at payout review.
All positions must be flat during the end-of-day window on payout-request days.

Common reasons payouts are rejected

Breaching the trailing drawdown after scaling into a winning trade.
Trading into news releases that ETF marks restricted.
Requesting a payout before the minimum trading day count.

Payouts are reviewed by ETF's compliance team before they are released. Expect a review window on top of the posted processing time.

Who it fits / who should avoid it

Who Elite Trader Funding fits

Intraday futures traders who are comfortable with a trailing drawdown.
Traders who want a wide range of account sizes from small tiers up to $250K.
Traders who can hit profit targets without holding contracts overnight.

Who should avoid Elite Trader Funding

You swing-trade and need to hold contracts overnight.
You want an end-of-day or static drawdown rather than trailing.
Your edge depends on a small number of outlier days (the consistency guideline will block payouts).

FAQs

Does Elite Trader Funding honor code PIP?

Yes. Elite Trader Funding accepts code PIP at checkout. The current PIP discount is 50% off eligible evaluation accounts, verified on the date shown on this page.

What kind of drawdown does ETF use?

ETF uses a trailing drawdown on evaluation accounts. The line follows unrealized profit until you exceed the initial balance by a firm-defined buffer, at which point it locks. Check ETF's current rules page for the exact buffer for your account tier.

How many accounts can I hold at Elite Trader Funding?

ETF caps the number of concurrent evaluations and funded accounts per trader. The exact cap is published on the firm's FAQ, review it before purchasing more than one account.

Can I hold positions overnight at ETF?

No. ETF requires all positions to be closed before the daily hard stop. Holding past the close is a violation and can fail the evaluation or the funded account.

When does ETF release the first payout?

The first payout is available once the minimum trading day count is met and the consistency guideline is satisfied. Payouts are reviewed by compliance before they are released, budget for a review window on top of the posted processing time.

Is copy trading allowed at ETF?

Copy trading between your own ETF accounts is generally allowed, but the firm's current policy and consistency guideline still apply. Review the current rules page before coordinating entries across accounts.

Alternatives worth comparing

Not sure Elite Trader Funding fits? Here are two other futures prop firms worth comparing on rules and cost.

Hybrid drawdown

MyFundedFutures

Code PIP

current offer

US futures prop firm offering three program tiers, Starter, Expert, and Milestone, with end-of-day drawdown on the Expert and Milestone tracks and a one-step evaluation.

Split: 90/10
Payout: $1000
Accounts: 6

Platforms/Tradovate, NinjaTrader, Rithmic

Read the full review

Trailing drawdown

Apex

80%

off with code PIP

High-profile US futures prop firm known for frequent promo cycles, trailing-drawdown evaluations, and a large catalog of account sizes.

Split: 90/10
Payout: $500
Accounts: 7

Platforms/Tradovate, NinjaTrader, Rithmic

Read the full review

Claim with code PIP