Review Time
I followed all the DTF rules and submitted for my $2.5k payout. Payout denied and they moved me to live with a 5k static account and 20MES. Account took a week longer than they said it would to setup and it was setup with only 2 MES. Waiting another 5 days for this to get fixed. They emailed me and said it was fixed. I wait for my trade and execute only to find out the account is locked. I emailed them and they unlocked, but my trade had already played out. Missed trade due to ETF's incompetence. I start trading and take a payout. Payout is processed same day, but account remains locked. I am told it will be ready to go by next trading day. Next morning the account is still locked as I try to execute a trade and it doesn't work. Another missed win. Trade a few more days and take another payout and the same shit again. Told account will be ready and it wasn't. Another missed trade.
Today I lost 50% of the account balance and my so called 5k static they gave me in fact was a lie as well. They closed my account mid trade. Guess what happened. I never hit my stop and the account balance never went to zero and then profit targets hit. The email said they need to end the "partnership". What in any of my experience above leads them to believe this was a partnership. It is absolutely a one way street to protect themselves and their bottom line. I will absolutely never spend another dime with these incompetent fools again.
Edit based on their response. They want to address my experience "honestly" but then ignore the denied payout. If you incompetent crooks left my trade alone it ended up hitting profit but instead closed it for me taking the loss (only 6 points above my stop loss). It says nothing on your site about this 50% rule, which proves again that ETF does what they want and could care less about the trader. Denied payouts and made up rules on the fly. Clown prop firm.
Go ahead and address my denied payout (you won't) so you can admit this is what you do even though your chat bot said payouts will be processed during live transition.
Instead of coming on here running damage control for all the one star reviews (25% of your reviews are one star lol) actually work on being a better firm.
I’d wish you luck, but the industry would be better off if your firm were as liquidated as the accounts you prey on.
Yet another prop firm that doesn't like to pay
This is a repost because this company keeps adding a response that is neither accurate nor relevant. The response claimed that they paid me $25000, which is way higher than the real number. They also kind of prove my point that the best traders get banned for making too much. I failed 2 live accounts in 2.5 years, yet they refer to "cycling live accounts" as an unsustainable practice. None of what I am saying is actually disputed, so you can make your decision based on this; you can get a few payouts, but ultimately once you fail a very restrictive live account that is the end of the road, so this is not a long term solution for traders who ever make mistakes or bad trades once in a while.
While I did get a few payouts, eventually they banned me for making too much. They called it an "unsustainable business practice" to keep traders around who make too much from the funded accounts. That should tell you everything you need to know. They change the rules all the time. They tried to withhold a bunch of my money until two weeks of insisting, then later they admitted it was owed to me.
Live traders get banned permanently after one or two attempts, but traders who repeatedly fail evaluations are allowed to keep blowing their money... Doesn't add up.
I emailed the CEO too, and he was rude, and didn't care at all for the feedback he asked for. To top it off they banned my IP from the website, so I can't even remove my personal details or check my own billing or payment details.
They refused the payout because I and my girlfriend live in the same household. I trade my own account. She trades her own account. Our trading styles are completely different. We even trade in different rooms. If this violates your platform then everybody needs to know this and I don't want to associate with Elite Trader Funding.
This is my last update; please refer to my earlier review for more context. As of December 12th, I lost my live account. Despite being told my limit was a $300 balance, I was cut off while still having around $600. I struggled with trading, and I question why I was placed in the live program. I also had three accounts, each with about $6K in profit, which I lost. The only way to trade again with the service is to purchase their most expensive funded accounts. I advise steering clear of this platform. There are better options available where you can withdraw funds when transitioning to live accounts and transfer your remaining profits.
I encountered a situation very similar to what another user described. I had a funded account of 50k and had already received my first payout of $1,250. My account had grown to over 58k, which would have allowed me to make a second payout of $1,500. However, the service transferred me to a live account and wiped out over 8k in profits, leaving me with just 2k. This is extremely frustrating.
for dedicated futures traders in search of a scalable funded-account opportunity with various plan choices and strong payout potential, this service stands out as a competitive and credible option.
My recent payout got denied to the following reason.Account Closure Due to Risk Management ViolationYour account exceeded our 35% risk threshold after reaching 20% equity growth.As a result, your Elite account has been reset.ETF was very kind to reset my account and in most cases this kind of activity would’ve closed my account.To me, this rule feels a bit counterproductive, especially considering that it actually incentivizes traders to stay below the 20% profit mark until after their payout. That seems backwards.I feels like this rule penalizes successful traders who have done the hard work of building up their account. Again what’s the point of the drawdown and have this rule in place? Having a drawdown in place is already demonstrating traders proper risk management and I never hit my drawdown. Before submitting my payout request I finished my 10k static account at 11,615. Very disappointment that my stats and gains got completely wiped out and I’ll never see them again. I do have to say I’ve gotten some payouts with this prop firm but this rule raises a lot of concerns. It almost feels like I wasted my time trading to get my account back up above the safety net and never hit my drawdown of $500.
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At Elite Trader Funding (www.elitetraderfunding.com), we're passionate about helping retail traders and giving them the opportunity to make a career in trading.
We've created a welcoming community where traders of all levels can succeed, driven by our commitment to innovation and excellence. Our mission is simple: to give futures traders the tools, resources, and support they need to thrive in the exciting world of futures trading.
We specialize in giving traders access to a wide range of futures instruments across different asset classes. Our platform is designed to make trading user-friendly and intuitive, with advanced features and user insights that are perfect for futures trading.
What sets Elite Trader Funding apart is our unique evaluation process. It's a chance for traders to prove themselves and earn a funded futures trading account without risking their own money.
It's a low-risk way to turn your passion for trading into a successful career.
At Elite Trader Funding, we're always here to help. Our team of experts is dedicated to supporting traders at every step of their journey. Whether you're a seasoned pro or just starting out, join us today and showcase your skills. Be Elite.See more
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