Hi and welcome to my Funded Elite Review.

Funded Elite claims to be the best company in the forex market that provides trading solutions to your challenges.

The prop firm claims to make your success their priority by offering you the best trading environment you deserve.

The prop firm promises to let you grow financially through its funding program to help you build your income stream.

Perhaps, you are a beginner looking forward to starting your trading journey with the Funded Elite for the first time.

Well, the Funded Elite promises to provide you with the opportunities and support you need to get yourself started.

This makes it stand out as the best platform to join for both beginners and experienced traders in the forex market.

However, you may not capitalize on all these claims alone to make your decision on the platform, you must know the truth behind the company.

Wondering if Funded Elite is a good prop firm for you?

This review will help you decide.

We’ll explore everything you need to know about Funded Elite, including its pros and cons compared to other options.

Skip the hype and get the facts to see if Funded Elite could be your path to trading success, or if it’s best avoided.

Let’s dive in!

Summary Of Funded Elite Review

Name: Funded Elite

Type: Proprietary Firm

Founders: Christian Habibi & Artur S. Deshko

Evaluation Fee: Starts from $115 depending on the account size you choose.

Official Website: fundedelite.com

Overall Rating: 7/10

My Recommendation: Not for everyone, kindly read my review to see why

Funded Elite Review – Overview

Funded Elite is a company focused on helping traders succeed in forex trading.

They offer funding opportunities to traders who pass their skill evaluation challenge.

They cater to both beginners and experienced traders, offering various account sizes to suit different needs.

Beginners can start with smaller accounts and grow as they gain experience.

The evaluation process gives traders multiple chances to succeed.

The company provides support and claims to understand the challenges traders face.

They offer quick access to funds through a fast payout system, allowing traders to build a passive income stream.

Now, let’s consider the pros and cons of this company.

Important: Dei Funded Review

Pros Of Funded Elite

• Offers free trial.
• Fast payout system.
• Best customer support.
• Offers a refund on the registration fee.
• Offers higher profit share of up to 80%
• Gives unlimited trading time.
• Allows news trading
• You can hold your trading over the weekend if you wish to do so.

Cons Of Funded Elite

• Not for everyone.
• Still new in the market.
• Slightly expensive.

Who Should Sign Up with Funded Elite?

Funded Elite seeks to collaborate with skilled traders who can demonstrate their abilities to qualify for a funded account.

To do so, the company evaluates your skills through their platform test, which you must pass to be eligible.

Therefore, to join Funded Elite, you need to either possess trading talent or have prior experience in the forex market.

Who Is The Founder Of Funded Elite?

Christian Habibi and Artur Seriihovych Deshko co-founded Funded Elite.

Christian initiated his trading journey in 2016 while overseeing a pet product distribution chain in Italy.

Meanwhile, Artur, possessing expertise in IT and blockchain, commenced trading in 2015.

Having been childhood friends, they delved into proprietary trading in 2020, continuously exchanging insights and progressing together.

What Is Funded Elite?

Funded Elite, established in 2023, aims to empower traders in the forex market, catering to both beginners and experienced traders globally.

Led by CEO Christian Habibi and COO Artur S. Deshko, the company’s professional team focuses on your growth and success.

They offer funding opportunities and support to enhance your trading journey, providing resources such as education and a supportive community.

Funded Elite equips you with tools to speed up your trades and increase profitability, emphasizing integrity and transparency.

The company believes all traders deserve a fair opportunity to succeed, regardless of experience, and aims to redefine your trading journey for online success.

Also Read: 1OF1 Funding

How Does Funded Elite Work?

Funded Elite operates on a profit-sharing model, enabling you to trade with their capital and earn up to 80% of the profits.

In the partnership program, you select your desired funding capital, which you use for trading in the forex market.

Your profit share is determined by your trading performance.

This process can be explained in two stages:

Evaluation Stage

This is the first stage that will determine your ability to trade with the company funds.

The evaluation stage tests your skills and experience in trading which determines your profitability in the market.

For these reasons, you MUST showcase your trading skills in this stage to enable you to pass the stage and move to the next stage.

During the evaluation stage, you’ll be trading on a demo account loaded with virtual funds to make you worry less about losing real funds.

However, your trading will mimic real trading with the same latency as in the case of the live-funded account.

The main mission in the evaluation is for the company to test if you can truly trade with their capital and earn profits as expected.

It also tests your ability to trade within their set of rules which will determine your trading journey with the platform.

Therefore, to pass the evaluation stage, you must hit the set profit targets which test your profitability.

You must also respect the other trading rules set in the platform and maintain good trading consistency.

Note that the time you will take to complete your evaluation stage depends on the funding program you choose during your registration.

For instance, Funded Elite has two types of funding programs distinguished by the number of phases of their evaluation changes.

Funded Stage

This is the final stage of your trading journey that makes use of a live account where you will be trading with the company capital.

By qualifying for a funded account, you’ll begin trading and earning real profits from the forex market.

The prop firm allows you to make withdrawals of your profits with its fast payout system to easily access your fund.

According to the Funded Elite, having fast and quick access to your funds motivates you more into your trading.

It also enables you to build a passive income stream from your trade to achieve your financial goals from your trading career.

However, this stage also requires you to respect the trading rules set in the platform in addition to maintaining high profitability.

Your ability to trade within the set of rules in the platform will determine your trading period with the prop firm.

According to the Funded Elite prop firm, respecting their trading rules will enable you to trade for your entire lifetime with their platform.

But how can you get started with your trading journey in the Funded Elite platform?

Well, that’s my next story for you.

Also Read: Funding Traders Review

How Do I Get Started With The Funded Elite?

Getting started with the Funded Elite is simple and can be done in the following steps:

Step One: Registration

This is the first step that requires you to submit your personal details to join the Funded Elite Trading community.

It will also allow you to get access to the Funded Elite funding programs, account sizes, and other services available on the platform.

Step Two: Choose Your Funding Program

There are two types of funding programs available in the Funded Elite platform as follows:

• The One Step Funding program.
• The Two-Step Funding program.

These funding programs are distinguished based on their number of evaluation phases.

So, consider choosing the funding program with the evaluation phases you can easily pass to increase your chances of qualifying for a funded account.

Step Three: Choose Your Account Size

In this stage, choose the account size that you can easily purchase and trade with to achieve your financial freedom.

For instance, if you are a beginner, you can choose a smaller account size that costs less and use it to test your trading skills.

However, if you are a professional trader, you can consider choosing an account size with a larger capital to maximize your profitability.

Here are the available account sizes in the platform:

• $15,000 account size.
• $25,000 account size.
• $50,000 account size.
• $100,000 account size.
• $200,000 account size.

Step Four: Make Your Payment

After choosing your account, you must first make a payment for you to receive its credentials to enable you to get access to it.

The prop firm promises to make the processing of your payment as fast as possible to enable you to get started with your trading.

According to the prop firm, it will take less than 24 hours to complete the payment process, and sent you the account credentials via your email.

This will enable you to log in to your account and get started with your trading journey.

Step Five: Take Your Challenge

After receiving your account credentials, you’ll now log in to your account and get started with your trading journey.

Your trading journey begins by first taking on your challenge in the platform and passing it to move to a funded account.

Step Six: Free trial

In the case where you fail to pass your challenge, worry less, there is a second chance in the platform.

In the second chance, you will get the opportunity to retake your challenge and try your best on the platform.

You are free to restart your phase one or phase two evaluation and prove your trading skills to pass your evaluation.

Note that failing this second chance will now put you at risk of losing your trading account on the platform.

So, you are required to be very careful when you find yourself in a free trial on your second chance to prove your trading skills on the platform.

Let us look at the challenges contained in the Funded Elite platform.

What is contained in Funded Elite?

The funded Elite platform contains two funding programs that aim at making you grow your trading skills and meet your success.

These are the Funding programs available on the platform:

One Step Funding Program

In the Step Funding program, there is only a single-phase evaluation process.

This means that the prop firm only requires you to pass the one-phase evaluation and move to a funded account.

However, the one-phase evaluation also called the challenge has a higher profit target as compared to the case of the two-phase evaluation.

Kindly take note of the profit target in the one-phase evaluation before you can consider choosing it.

In my opinion, a step funding program is much suitable for experienced traders who what to spend the shortest time possible to get a funded account.

Two-Step Funding Program

The two Step Funding is the most convenient option for most traders, with less trading experience.

The two-step funding program has a two-phase evaluation process with different trading rules.

The phases include the challenge that introduces you to the evaluation process and the verification stage that concludes the process.

What Are The Trading Rules Used In Funded Elite?

The trading rules in the Funded Elite depend on the funding program you choose:

The One-Step Funding Program

Profit Targets

The step funding program only has a single-phase evaluation with a profit target of 10%.

There is no profit target set for you in the funded account stage.

Maximum trading period

There is an unlimited trading period.

This means that you can spend much time to provide the best of your trading ability and pass a stage more conveniently.

Minimum Trading Days

The minimum trading days set for a step funding program is five days.

This means that you must take at least five days to complete a single stage of your trading in the one-step funding program.

Therefore, it will take you at least six days to move to a funded account when you go by the step funding program.

Trading leverage

Funded elite prop firm allows you to trade with a maximum leverage of 1:100.

Maximum Daily loss

The maximum daily drawdown set in the one-step funding program is at 3%.

The maximum daily drawdown is calculated based on the initial account balance.

For instance, if you are trading on a $100,000 account size, you are not permitted to lose more than $3,000 in a single day.

Maximum overall loss

The maximum overall loss in the one-step funding program is set at 8%.

The maximum overall loss is also calculated based on the initial account balance in the platform.

For instance, if you are trading on a $100,000 account size, you are not permitted to lose more than $8,000 in your trading journey.

The Two-Step Funding Program Trading Rules

Profit Targets

Two-Step funding programs have two-phase evaluations with a profit target as follows.

In the first phase also called the challenge stage, the profit target is set at 8%.

In the second phase also known as the verification stage, the profit target is lowered to 5%.

There is no profit target set for you in the funded account stage.

Maximum trading period

There is an unlimited trading period.

This means that you can spend much time to provide the best of your trading ability and pass a stage more conveniently.

Minimum Trading Days

The minimum trading days set for a two-step funding program is five days.

This means that you must take at least five days to complete a single stage of your trading in the two-step funding program.

Therefore, it will take you at least eleven days to complete your evaluation and move to a funded account when you go by two-step funding programs.

Trading leverage

Funded elite prop firm allows you to trade with a maximum leverage of 1:100.

Maximum Daily loss

The maximum daily drawdown set in the two-step funding program is at 5%.

The maximum daily drawdown is calculated based on the initial account balance.

For instance, if you are trading on a $100,000 account size, you are not permitted to lose more than $5,000 in a single day.

Maximum overall loss

The maximum overall loss in the two-step funding program is set at 10%.

The maximum overall loss is also calculated based on the initial account balance in the platform.

For instance, if you are trading on a $100,000 account size, you are not permitted to lose more than $10,000 in your trading journey.

Weekend Holding

Funded Elite prop firm allows you to trade or hold your trades during the weekend.

News Trading

The Funded elite prop firm allows you to trade news.

Profit share

In both the One Step and Two Step Funding programs, the default profit share is set at 80%.

This means that you will be able to withdraw up to 80% of the total profits you make from your trading.

For instance, if your total profits are $1,000, then you will withdraw a maximum of $800 while the company withdraws the remaining $200 as its share.

This reduces your profit balance to zero requiring you to continue trading and get more profits from the market.

What Is A Funded Elite Scaling Plan?

The Funded Elite prop firm doesn’t mention any scaling opportunity on its website.

For this reason, there is no guarantee that you will get a scaling plan on the platform.

What Trading Instruments Are Allowed In Funded Elite?

Funded elite prop firm offers you a variety of trading instruments including the following:

• Forex pairs
• Indices
• Commodities
• Cryptocurrencies

What Is Funded Elite Trusted Broker?

Funded Elite has partnered with Think Markets, a reputable broker in the forex market, to safeguard your trading activities and funds.

ThinkMarkets operates under regulatory authorities, ensuring compliance and security.

Funded Elite’s platform utilizes the widely-used MetaTrader 4 and MetaTrader 5 platforms.

Therefore, to begin your trading journey, you only need to ensure that your trading device supports these platforms.

What Is The Cost Of Joining The Funded Elite?

The cost of joining the Funded Elite prop firm depends on the account size you choose on the platform.

Here are the account sizes with their corresponding fee;

• $15,000 account size costs $115.
• $25,000 account size costs $195.
• $50,000 account size costs $295.
• $100,000 account size costs $495.
• $200,000 account size costs $945.

What Is The Payouts System Used by Funded Elite?

Funded Elite boasts a dependable payout system designed for traders’ convenience.

Here’s how it works:

• Initial Withdrawal Timeline

You can make your first withdrawal request after a minimum of 21 trading days from the date of your first trade on the funded account.

• Processing Time

Once you request a withdrawal, it will take a maximum of 12 working days for the process to be completed, and for you to receive your funds.

• Subsequent Withdrawals

After your successful initial withdrawal, subsequent withdrawal requests will occur on a bi-weekly basis.

Is Funded Elite A Scam?

In my opinion, Funded Elite prop firm is not a scam.

Funded Elite’s funding program is tailored for skilled traders looking to explore their potential, partnering with a reputable broker to ensure fund security.

However, it may be cost-prohibitive for beginners lacking capital, as the firm targets talented traders who can demonstrate their skills.

While some prop firms offer accounts starting from $50, Funded Elite prioritizes trading proficiency.

If you lack the necessary skills, you may fail the evaluation and miss out on funding.

Thus, while Funded Elite is a legitimate prop firm, it’s best suited for highly skilled forex traders rather than beginners.

My Assessment of Funded Elite Prop Firm

Profits Split: 80/10

Funded Elite prop firm has an excellent profit share of up to 80%.

This allows you to earn more to build a passive income from your trading journey.

Scaling Opportunities: 0/10

Funded Elite prop firm does not mention any scaling opportunity on their website.

Profits Targets: 7/10

The profit targets set by the prop firm are much more realistic for both one-step and two-step funding programs.

Affordability: 4/10

Funded Elite prop firm is slightly expensive compared with the other prop firms in the forex market.

You will have to spend slightly more to own an account with the Funded Elite platform.

Trader Supports: 7/10

The Funded Elite prop firm has the best customer support that aims at making all their traders achieve their success.

According to the platform, you will get support from their team of professional experts to ensure you get the best feedback you deserve.

Tradable Assets: 8/10

There are varieties of assets you can trade in the platform that increase your chances of success.

Trustworthiness: 7/10

The Funded Elite prop firm partners with a trusted broker to ensure they build trust with their traders.

The company also has several testimonies with confirmed payments and excellent ratings on credibility platforms online.

My Overall Rating is 7/10

I give Funded Elite a 7/10 rating.

What Are People Saying

The Funded Elite Trustpilot

Funded Elite has an excellent rating on the Trustpilot platform from a sample of 121 reviewers (February 15, 2024).

Up to 93% of the total reviewers awarded the company a five-star rating.

FAQs About Funded Elite

What Are The Conditions For Free Trial In Funded Elite?

Funded Elite offers free trials exclusively to traders who fail either phase one or phase two of the evaluation, not during the funded stage.

This trial is a one-time offer and cannot be extended to a third attempt.

Failing the free trial jeopardizes your trading account. Importantly, the free trial is accessible to all traders without any additional charges.

Is There Any Restricted Countries In Using The Funded Elite?

Funded Elite is operating worldwide targeting traders from different parts of the world.

However, by chance you may not find it available in your country for some reasons which include the;

Does Funded Elite Accept Other Currencies In Making Payments?

Funded Elite firm has all its payments made in dollars for both account purchases and withdrawals.

For this reason, it is important to change all your currencies to dollars to make your transaction much easier on the platform.

Check on the currency exchange rates and consider changing your currency to dollars.

Can I Merge My Trading Accounts In The Funded Elite?

Because the Funded Elite is still new in the forex market, it does not allow trading with a higher capital.

Merging your accounts will lead to an increase in the maximum trading capital which is still not valid in the platform.

For this reason, it is still not possible to merge your accounts in the Funded Elite prop firm.

Thank you for reading my Funded Elite Review.

If you’ve any feedback regarding this prop firm, feel free to leave a comment in the section below.