In the Elite phase at FundedElite, there is no specific profit target set for our traders. This stage is crafted to emulate real-world trading conditions, offering traders the opportunity to maximize their earnings potential without an imposed upper limit. Nonetheless, it’s important to adhere to the following guidelines:
Daily Drawdown Limit:
For 2-step challenge accounts: Traders must not exceed a 5% daily drawdown.
For 1-step challenge accounts: A more conservative 3% daily drawdown limit is applied.
Maximum Loss Limit:
For 2-step challenge accounts: The maximum loss threshold is set at 8% of the account balance.
For 1-step challenge accounts: The maximum loss cannot surpass 8% of the account balance.
Payout Period:
A minimum of 14 calendar days from the date of the first trade is required to pass before a trader can request the first payout.
Profit Split:
Traders are entitled to an 80% share of the net profits realized in their Elite phase account trading activities. For Elite stage client accounts, traders can strive for unlimited profits as there are no specific profit targets imposed. Please be advised that an exception applies to the initial profit split for participants who successfully pass our evaluation and advance to the Elite stage by utilizing our ‘second chance’ feature. Under these circumstances, the first profit distribution will be allocated at a rate of 50%, in contrast to the standard 80% rate. Following this initial payment, the profit split will resume at the standard rate of 80%.