Funding Program Rules
Learn about the requirements and rules for participating in our trader funding program.
Program Description and Requirements
Our trader funding program offers traders the opportunity to earn a profit share. Participants receive a funded trading account with a specified capital amount in a simulated trading environment. They are required to meet certain performance targets to qualify for payouts. The program consists of two stages: the Funding Challenge Account and the Performance Account. Traders do not manage actual capital, but they get paid out profits they generate in the simulated environment.
Funding Challenge Account
Traders begin in the Funding Challenge Account, where they must demonstrate their trading abilities by hitting profit targets without exceeding predetermined drawdown levels. Drawdown is the percentage decline from the highest point of the trading account to the lowest point. For example, if your account balance reaches $10,000 and then drops to $9,000, your drawdown is $1000.
To pass the Funding Challenge Account, you need to reach a profit target of, say, $3000 without exceeding a maximum drawdown of $2000. This means your account balance should not drop more than $2000 from its highest point during the challenge period.
Trades must be closed at the end of each trading day, and overnight trading is not permitted.
Traders must trade for at least 3 trading days and cannot go over the maximum allowed position size.
Performance Account
The Performance Account is designed for successful traders who have passed the Funding Challenge Account. In this account, traders earn a 90% share of the profits they generate.
For example, if you manage a $100,000 account and generate a 20% profit ($20,000), you will receive 90% of the profits ($18,000) as your share.
The drawdown in the Performance Account is trailing, and stops trailing at break-even. For example, if your starting balance is $50,000 and the maximum drawdown is $2,000, you cannot go below $48,000. If your account reaches $51,000, you cannot go below $49,000, and if it reaches $53,000, you cannot go below $50,000.
Traders can access leverage up to 4x for trading stocks and 10x for trading futures. The maximum position size is 98% of the account balance.
To activate the Performance Account after passing the Funding Challenge Account, there is a one-time $150 activation fee. This fee covers real-time data and account setup costs. There are no monthly fees.
Withdrawal Rules
Traders can request a withdrawal at any time, but each withdrawal must be at least 10 trading days apart. They must have traded actively during those 10 days, based on their typical amount of daily trades.
For the first 3 months, the maximum withdrawal per month is:
- $4,000 for the beginner account
- $6,000 for the intermediate account
- $10,000 for the advanced account
These withdrawal limits apply per account. If a trader has multiple accounts, they can withdraw the specified amount for each account during the first 3 months. After the first 3 months, traders are free to withdraw up to 80% of their current profits. The remaining 20% is kept as a drawdown cushion to help traders maintain consistent trading activity.
Applying for the Program
To apply for the trader funding program, prospective participants must visit Elevatetraderfunding.com/choose-plan and select a plan. They are then required to complete the onboarding account registration process and submit the applicable challenge account fee. Upon successful completion of these steps, participants will be granted access to the Funding Challenge Account, where they can commence trading activities.
Disclaimer
Please note that these rules are subject to change at our sole discretion. Additionally, if we discover any unusual activity on a trader's account, we reserve the right to terminate their participation in the program at any point without prior notice.