WHO CAN TRADE THE FUNDED ACCOUNTS?
Anyone who is above 18 years. Traders from any nationality from Europe, North America, South America, Africa, Asia, Australia, & New Zealand. The funded accounts are available for individual traders and companies to trade the CTI’s capital during both the Evaluation and Portfolio Manager Phases. ID as proof of identity. This is to prove that the trader is the only one trading the funded account.
THE TRADING PLATFORM & COMPATIBILITY
Elite Profits provides the trading platform MT4 to its funded traders. The funded trader will have full control of the trading platform. Elite Profits will not interfere with any funded trades unless the trader is not complying with the risk management policies. Elite Profits provides MT4 platform on Windows OS only. Any trader with a Mac IOS can install the MT4
The Evaluation Phase is the first stage of the Funded Trader Program, where it is provided for the practical part of their educational journey to become a Portfolio Manager
Hard Stop Loss Value of 1.5% per position
The funded trader must have a Stop Loss placed within the 1 minute after placing the order for every and each pending limit order, stop order, and/or market order and for all open trades. The funded trader must take into consideration that every market order, pending order, or stop order has a stop loss of a max of 1.5% risk of the initial account balance $. This means that if the funded trader’s account is $10,000, each position’s max risk should be no more than 1.5% x $10,000 = $150 per position. If the funded trader opens multiple positions on the same currency pair, each position's risk can be up to 1.5% of the initial account balance (not current recent balance). So, the funded trader can open multiple positions with 1.5% risk each. For example, the funded trader cannot risk 3% in one trade. However, he/she can open 2, or more, positions with 1.5% risk each on the same or different pairs.
Do You Have a Community I Can Join?
Yes, of course! We have a large community of funded traders on our Telegram. You are welcome to join and get in touch via the link below:
Do I Pay Any Fees After The Evaluation?
No. There are no fees whatsoever after the 1st payment at the beginning of the evaluation. Also, there are no monthly or hidden fees. We are 100% transparent in our fee structure.
How Long Can I Stop Trading During The Funded Trader Program?
The evaluation period starts from the day of issuing the funded account. The trader has up to 1 year to complete the evaluation and meet all the requirements. Once becoming a Portfolio Manager, the trader can stay up to 2 months without any trading activity, after which we will freeze your account. So, please make sure to email us to unfreeze your account once you’re ready to continue your journey with us.
What Is The Leverage?
The Leverage on the accounts is 1:10. It allows enough lots for all kinds of traders from scalping to swing trading. The more profit you make on the accounts the more lots you can open because of the buffer generated from the extra profits on the account. You can also scale into open positions.
Do I Get Disqualified Immediately If I Break Any of The Rules?
You do NOT get disqualified immediately if you make a genuine mistake. Elite Profits is flexible and does not try to catch you on genuine mistakes regarding the following rules. 1. Exceeding the max 1.5% max Stop Loss risk per position. 2. closing trades without a Stop Loss. When breaking any of the rules above, you will not get disqualified, but any profits you made, violating one of the rules above, will not be counted towards the final target.