The FundedElite, is co-founded by Christian Habibi and Artus S. Deshko. The company is registered in Latina, Italy in 2023. FundedElite is unique as it was one of the first prop firms to introduce the “retry” feature for traders. This means you can retake your challenge and get a second chance at getting a funded account.
FundedElite: Exclusive Coupon Information
No coupons are available at this time.
Getting to Know FundedElite
- FundedElite’s Corporate Name is: Funded Elite (Quantum SRLS)
- Starting Year for FundedElite: 2023
- Business Location Registry for FundedElite: Quantum srls, Corso G. Matteotti 61 Latina 04100, Italy,
- FundedElite’s Ownership Explained: Christian Habibi and Artus S. Deshko are co-owners.
What Trading Platforms Does FundedElite Offer?
FundedElite offers 2 trading platforms. MT5 and CTrader.
Trading Instruments at FundedElite
| Tradable Instrument | Leverage |
|---|---|
| Forex | 1:100 |
| Metals | 1:20 |
| Energies | 1:20 |
| Indices | 1:30 |
| Crypto | 1:2 |
| Stocks | – |
Payment Methods at FundedElite
FundedElite accepts deposits from:
- Credit/Debit Cards (Stripe)
- Crypto (Coinbase), Confirmo
- Google Pay, Cards, Apple Pay (Zen)
Exploring Account Size Options at FundedElite
| 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 |
How FundedElite Shares Profits
80% is a profit share they offer. This doesn’t apply to all funding stages and situations. For instance, if you pass the stage by using a retry option on your challenge, your profit share will be just 50%.
Setting the Bar: Profit Targets at FundedElite
The profit target in all challenge types is 8% in the first phase, and 5% in the second. The $7k account size is an exception. It has a profit target of 10% in the one-step challenge.
Drawdown Rules and Loss Limits at FundedElite
For 1-step challenges, the allowed daily loss is 3%, while for 2-step challenges, it’s up to 5%. The maximum total loss is at 10% for 2-step challenges and 8% for 1-step challenges.
Number of Trading Days Allowed
5 trading days in a minimum set at FundedElite. You have unlimited time to finish the challenge and you can use the retry option in case you fail the first time.
Cost of Entry for FundedElite’s 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 |
Fees and Commissions: What to Expect at FundedElite
| 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 | – |
Information on Refunds at FundedElite
Fees are refundable. You’ll get a refund with your first payout after you pass the challenge on your first attempt. But, if you use the “Second chance”, the fee will be refunded with your 3rd payout.
Free Trials
Not available.
Payout Timeline at FundedElite
Every 14 days. When you start getting profits from trading, you can request payouts every 2 weeks.
Weighing the Pros and Cons of FundedElite (According to Trustpilot reviews)
Trustpilot reviews have a mixed sentiment. But FundedElite has a pretty high score overall. With 4.6/5 stars on Trustpilot from 168 reviews.
- Discounts
- Retry feature
- Safe and trustworthy
- Easy challenge rules
- Slow payout process during the migration
FundedElite FAQ Section
Yes. The highest sum on all accounts combined is $600k.
How does second chance work?
The “Second chance” feature can be used only once, and it works for challenges only. With this feature, you can start over from the beginning if you fail at any challenge phase.
Are they a regulated company?
FundedElite isn’t regulated and doesn’t offer investment services or take money from clients.
Are there different payment limitations depending on the account?
Yes, there are differences based on the account type:
Giveaway or Free Accounts: For any giveaway or other free accounts provided, there is a payout cap of 2%. This means you can request a maximum payout of 2% of the initial balance at each payout interval.
Purchased Accounts: Upon purchasing an account and reaching the Elite stage again, this payout limit is reset. Traders in the Elite stage enjoy the absence of a specific profit cap, aligning with the intended realistic trading experience.
