FundedElite is a prop firm established in 2023. The owners are Christian Habibi who is a CEO and Co-Founder, and Artus S. Deshko who is the COO and Co-Founder. The company is registered in Latina Italy. They stand out as one of the first prop firms to offer a “Second chance” feature, meaning you can retake the challenge.
Community Feedback for FundedElite
FundedElite has a rating of 4.7 stars on Trustpilot from 168 reviews. Most reviews, about 89%, are positive, mentioning discounts, an easy evaluation process, reliability, and the second chance feature. About 6% rated it with 1 star, mentioning slow payouts during site migration.
Platforms Used by FundedElite for Trading
FundedElite offers access to two trading platforms: MT5 and CTrader.
FundedElite: Instruments You Can Trade
You can trade the following instruments:
- Forex
- Indices
- Crypto
- Metals
- Energies
- Stocks.
Payment Options at FundedElite
You can purchase a challenge at FundedElite with:
- Credit/Debit Cards (Stripe)
- Crypto (Coinbase), Confirmo
- Google Pay, Cards, Apple Pay (Zen)
Account Size Options in FundedElite
There are six available account sizes at FundedElite:
- $7k
- $15k
- $25k
- $50k
- $100k
- $200k
| 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 |
Understanding Profit Splits at FundedElite
At FundedElite, you keep 80% of the profit, while they get 20%. After passing the evaluation and advancing to the Elite stage with the “second chance” feature, your profit split shifts to 50%.
How To Contact FundedElite?
You can contact FundedElite via:
- Live chat
- Email: [email protected]
FundedElite Approach to Profit Targets
In all challenges, the profit target is limited to 8% in the first phase and 5% in the second. However, the exception is the $7k account size, which has a profit target of 10% in the one-step challenge.
Drawdown Rules and Daily/Max Loss Policy at FundedElite
For the 2-step challenges, you can lose up to 5% daily. The one-step challenges have a maximum of 3% daily loss. The maximum overall loss is 10% for two-step challenges and 8% for one-step challenges.
Minimum and Maximum Trading Days at FundedElite
There is a minimum of 5 trading days at FundedElite. You have unlimited time to finish the evaluation.
Step Challenges Available at FundedElite
FundedElite offers both 1-step and 2-step challenges.
Costs of Entry for FundedElite Challenges
| 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 |
Commissions and Fees at FundedElite
Commissions depend on the broker and trading instruments.
| FX | Indices | AU, AG, Oil | XPD, XPT, NGAS | Crypto | US Stocks | |
|---|---|---|---|---|---|---|
| Purple Trading | $3 | $0 | $3 | $0 | $0 | – |
| ThinkMarkets | $7 | $0 | $7 | $0 | $0 | – |
Refund Options at FundedElite
If you pass the challenge on your first attempt, you’ll get a refund with your first payout. If you use the “Second chance”, and get a retry, the fee will be refunded with your third payout.
Does FundedElite Offer a Free Trial?
No, FundedElite doesn’t offer free trials.
Payment Frequency at FundedElite
Payouts at FundedElite are done bi-weekly.
FundedElite FAQ
You can. The maximum merged amount is $600k.
How does second chance work?
You can start over from the beginning if you fail any phase with this feature. It can only be used once, and it only works for evaluations.
Are they a regulated company?
FundedElite is not a regulated broker. They don’t offer any investment services or take capital from clients.
How do I contact Funded Elite’s customer support?
You can contact customer support via live chat, and email: [email protected].
