If you have any unanswered questions simply email email@example.com and we’ll aim to reply within 24 hours.
The Daily Stop Loss is the maximum your account can lose in any given day. Daily Stop Loss is calculated using the
previous day balance which resets at 5 PM EST. Unlike other prop firms, we do NOT base our calculations on previous
day equity since the balance only model allows you to scale profits without fear of losing your account. The Daily Stop
compounds with the increase in your account.
Example: if your prior day’s end of day balance (5pm EST) was $100,000, your account would violate the daily stop loss
limit if your equity reached $95,000 during the day. If your floating equity is +$5,000 on a $100,000 account, your newday (5pm EST) max loss is based on your balance from the previous day ($100,000). So, your daily loss limit would still be
The Maximum Trailing Drawdown is initially set at 6% and trails (using CLOSED BALANCE – NOT equity!) your account
until you have achieved a 6% return in your account. Once you have achieved a 6% return the Maximum Trailing Drawdown no longer trails and is permanently locked in at your starting balance. This allows for more trading flexibility as you have proven yourself as a profitable trader and can now freely compound an account.
Example: If your starting balance is $100,000, you can drawdown to $94,000 before you would violate the Maximum Trailing Drawdown rule. Then for example let’s say you take your account to $102,000 in CLOSED BALANCE. This is your new high-water mark, which would mean your new Maximum Trailing Drawdown would be $96,000. Next, let’s say you take your account to $106,000 in CLOSED BALANCE, which would be your new high-water mark.
At this point your Maximum Trailing Drawdown would be locked in at your starting balance of $100,000. So, regardless of how high your account goes, you would only breach this rule if your account drew back down to $100,000 (note, you can still violate the daily drawdown). For example, if you take your account to $170,000, as long as you do not drawdown more than 5% in any given day, you would only breach if your account equity reaches $100,000.
We require all trades to be closed by 3:45pm EST on Friday. Any trades left open after this time will automatically be closed. Note, this is only a soft breach and you will be able to continue trading once the markets reopen.
In line with sound risk management practices, we require a stop loss on every trade. If you fail to place a stop loss at the
time of placing the trade/order, we will close the trade. This is a only soft breach rule, so you can continue trading in your account.
This is only considered a soft breach rule, so you will be able to continue trading your account.
Yes. If you do not place a trade at least once every 30 days on your account, we will consider you inactive and your account will be breached.
Upon passing your Assessment, you will receive an email from Deel with instructions on how to access and complete your Trader Agreement. Once the agreement is completed and supporting Know Your Customer documents provided, your Funded account will be created, funded and issued to you typically within 24-48 business hours.
Once you pass the Assessment, we provide you with a live account, funded with real capital.
The rules for the Funded account are exactly the same as your Assessment account. However, with a Funded account, there is no cap on the profits you can generate.
If you have profits in your Funded account at the time of a hard breach, you will still receive your portion of those
For example, if you have a $100,000 account and you grow that account to $110,000. Should you then have a hard
breach we would close the account. Of the $10,000 in profits, you would be paid your 75% portion ($7,500).
You can withdrawal your profits at any time, once per calendar month. At the time of any withdrawal request, we will
also withdraw our share of the profits made, as well.
Important Note: Once you request a withdrawal, your maximum trailing drawdown will be set at your starting balance.
This means that if you take a full withdrawal of your share of the profits made in your account, it will also serve as a
breach of your account.
When you are ready to withdraw your profits, please send an email to our support email with the amount you would like
to withdraw. We will then post your profit share into your Deel account, which you can withdraw via any of the
available methods they offer.
We have risk management software that is synced with the accounts we create. This allows us to analyze your performance in real time for achievements or rule violations. As such, you must use an account that we provide to you.
All countries, excluding OFAC listed countries, can take part in our program.
You must be at least 18 years of age to purchase an assessment.
Upon purchasing an Assessment, you will receive access to a trader dashboard where you can monitor your Assessment and Funded accounts. The dashboard is updated every time we calculate metrics, which occurs roughly every 60 seconds. It is your responsibility to monitor your breach levels.
Elite Traders Capital’s Trading Platform technology is powered by ThinkMarkets. These platforms, along with
pricing and execution are provided by our broker, ThinkMarkets.
You can trade any products offered by EightCap. This includes FX pairs and CFD Indices, Metals, Equity Shares, and Cryptocurrencies.
In line with sound risk management practices, we allow up to 10:1 leverage.
Forex, Metals, and Indices are 10:1. Equity Shares are 5:1. Cryptos are 2:1.
This can doubled with Leverage Add-on to 20:1.
We do not limit the capital that we extend traders.
Trading hours are set by ThinkMarkets. We do not have any control over the trading hours.
You can see the trading hours for each product by right-clicking on any product in the Market Watch window of the platform and selecting specifications from the dropdown menu.
Please note that holidays can have an impact on available trading hours.
Additionally, pursuant to the no holding trades over the weekend rule, we close all open trades at 3:45pm EST on Fridays.
We use the accounts from ThinkMarkets. These accounts have commission charges for Forex and Equity Share CFDs.
Yes, you can trade using an Expert Advisor.
Yes, you can trade during the news
No. trading styles deemed malicious include, but are not limited to:
There are a number of companies marketing and selling off-the-shelf EA’s aimed at passing Evaluations/Funded Challenges. This is NOT a representation of a profitable trader and falls under Malicious Practices.
Charges come across in the name of Dashboardanalytix.com.
When trading a Funded account for our firm, you are treated as an independent contractor. As a result, you are responsible for any and all taxes on your profit share.
No refunds will be offered after the first trade is placed