Elites Funding Review and Analysis
Overview
Elites Funding is a prop firm launched in 2023 and operated by Masterlabs Limited, registered in Spain. With a mission to fund disciplined retail traders globally, the firm provides two evaluation pathways — Standard and Express — that test a trader’s consistency, risk control, and profitability. While relatively new to the scene, Elites Funding is positioning itself as a rule-driven, no-nonsense firm with clearly defined trading parameters and a firm stance against high-risk and automated strategies. Its dual-platform support (MetaTrader and TradeLocker), consistent payout cycles, and drawdown transparency make it appealing to discretionary traders — though it may not be ideal for those who rely on automation or strategy flexibility.
Funded Accounts
The firm offers:
- Standard Evaluation: 2-phase challenge with 9% and 5% profit targets, 5% daily and 10% max drawdown.
- Express Challenge: 1-phase, 10% profit target, tighter risk limits (3% daily, 6% overall).
- Leverage: 1:100, no minimum days, refundable fees after funding.
Once either evaluation path is completed, traders receive a simulated funded account with the same size and structure as their evaluation. The drawdown rules remain identical to the challenge phase. Funded traders begin with an 80% profit split, which can increase to 90% based on performance consistency, payout history, and rule compliance. While exact criteria for this profit split upgrade are not publicly detailed, it’s presumed to be at the firm’s discretion.
Payouts are processed every 14 days and are made exclusively in USDT (ERC-20), a detail that is clearly emphasized on the website. This helps simplify international payout logistics, but may be a barrier for traders who don’t regularly use cryptocurrency. Additionally, all evaluations and funded accounts are paid for using crypto or credit/debit cards — no wire or fiat options are offered at this time.
Challenge Overview
Elites Funding offers two funding tracks: the Standard Evaluation (a two-phase challenge with lower profit targets) and the Express Evaluation (a more aggressive one-phase model). Both paths share common traits: no time limits, firm drawdown rules, and a minimum of 10 trading days to prevent shortcutting the system. Traders must demonstrate not only profitability but also trade frequency, risk stability, and an understanding of the firm's expectations. This firm makes it clear upfront: there is no room for shortcuts, account manipulation, or grey-area trading strategies.
Where Elites Funding excels is in its platform flexibility and tradeable asset variety. Traders can choose between MetaTrader 4/5 or TradeLocker, and execute trades across major forex pairs, indices, stocks, and commodities. However, the firm tightly restricts how those assets can be traded. There is zero tolerance for Expert Advisors (EAs), automated trading systems, hedging strategies, tick scalping, reverse copying, or account mirroring. All trades must be placed manually and must reflect what the firm considers "organic trading behavior." This makes Elites Funding a poor fit for tech-heavy traders, but a highly suitable environment for disciplined, human-executed strategies.
Traders looking to grow over time will notice that while Elites Funding offers a generous profit split (starting at 80% and scaling to 90%), it does not currently advertise a formal scaling plan. Unlike other firms with step-by-step funding increases based on performance metrics, Elites Funding appears to rely on internal discretion for such upgrades — which may limit visibility for traders planning a long-term roadmap with the firm.
Standard Evaluation (2-Phase): In Phase 1, traders must reach a 9% profit target without exceeding a 5% daily drawdown or 10% static overall drawdown. After passing Phase 1, Phase 2 reduces the profit target to 5% with the same risk constraints. The trader must execute a minimum of 10 active trading days in each phase. There is no time limit to reach these targets, giving traders full flexibility on pace — a significant advantage for swing traders or part-timers.
Express Evaluation (1-Phase): This model requires a 10% profit target but tightens the risk limits to a 3% daily and 6% total drawdown. A minimum of 10 trading days is still required, and rules regarding prohibited strategies and platform behavior remain equally strict. This challenge is geared toward experienced manual traders who want quicker access to funding but can still maintain consistent control over equity and risk.
Elites Funding Challenges
| Challenge | Price | Account Size | Steps | Profit target | Profit Split | Max Daily Loss |
|---|
| $10,000 Standard Evaluation | $79.2 | $10K | 2 | 9% / 5% | 80% | 5% |
| $25,000 Standard Evaluation | $176 | $25K | 2 | 9% / 5% | 80% | 5% |
| $50,000 Standard Evaluation | $256 | $50K | 2 | 9% / 5% | 80% | 5% |
| $100,000 Standard Evaluation | $424 | $100K | 2 | 9% / 5% | 80% | 5% |
| $200,000 Standard Evaluation | $800 | $200K | 2 | 9% / 5% | 80% | 5% |
| $10,000 Express Challenge | $88 | $10K | 1 | 10% | 80% | 3% |
| $25,000 Express Challenge | $200 | $25K | 1 | 10% | 80% | 3% |
| $50,000 Express Challenge | $296 | $50K | 1 | 10% | 80% | 3% |
| $100,000 Express Challenge | $480 | $100K | 1 | 10% | 80% | 3% |
| $200,000 Express Challenge | $920 | $200K | 1 | 10% | 80% | 3% |
Pros and Cons
Pros:
- No time limits
- Refundable challenge fees
- Up to 90% profit split
Cons:
- No Expert Advisors allowed
- Only MetaTrader 5 is supported
Evaluation Metrics
- Challenge difficulty: Moderate (tight drawdowns, no time limits)
- Customer support: Available via live chat and email
- Fee: From $90 to $999 depending on account/challenge
- Payout scheme: Bi-weekly, profit share up to 90%
Meet the CEO
No public information is currently available about the Elites Funding executive team.
Frequently Asked Questions (FAQs):
What challenges does Elites Funding offer?
Standard (2-phase) and Express (1-phase) evaluations.
Can I trade news or hold over weekends?
Is the fee refundable?
Yes — after your first successful payout.
How trusted is Elites Funding?
The trusted source of information on fintech matters SBO, gave Elites Funding a 3/ 5.00 rating based on analysing 20+ criteria and testing. Elites Funding is currently in 0th place in this ranking.
What is the Elites Funding fee?
Fees vary by account size and challenge type.
Does Elites Funding offer coupons for customers?
Yes, currently, there is one Elites Funding discount coupon LOCKER20 available for customers.
How can I find Elites Funding discount coupons and promo codes?
What is the profit split for Elites Funding?
What is Elites Funding evaluation process?
Offers 1-Step and 2-Step evaluations.
How do I become an Elites Funding Trader?
What is an acceptable max drawdown for Elites Funding?
5% daily / 10% total Maximum Drawdown is the Distance between the highest and lowest points (maximum and minimum peak).
What is Elites Funding Trading Duration / Time restriction?
What is Elites Funding leverage?
What financial instruments can be traded at Elites Funding?
Forex, Crypto, Indices, Stocks
Can I trade news at Elites Funding?
Can I hold trades overnight or over the weekend?
