Introduction:
In today’s blog post, we will delve into a detailed comparison between two renowned funded trading programs: Elite Trader Funding and FundedNext Funded Trading Program. As experienced traders who have had the opportunity to trade with both firms, we will provide you with an unbiased assessment of their key features, evaluation options, profit-sharing models, and overall trading experience.
| Prop Firm Details | Funded Next | Elite Trader Funding |
| Year Founded | 2022 | N/A |
| Maximum Balance | $4,000,000 | $300,000 |
| Tradeable Assets | Equity Futures Forex Energy Metals Interest Rate Futures |
Equity Futures Forex Futures Agricultural Futures Energy Futures Interest Rate Futures Metals Futures Crypto Futures |
| Challenge Type | One-Step Evaluation Two Step Evaluation |
One-Step Evaluation |
| Trading Platforms | MT4 | NinjaTrader Tradovate Rithmic |
| Trading Hours | Holding Overnight Holding Over Weekend |
❌ |
| Copy Trading | ✅ | ❌ |
| News Trading | ❌ | ✅ |
| EAs | ✅ | ✅ |
| Trust Pilot Rating⭐ | 4.6 / 5.0 | 4.0 / 5.0 |
| Trust Pilot Reviews | 3,923 | 82 |
| Payment Types | Wire Transfer Paylpal Crypto Payoneer Coinbase Revolut Wise |
Wire Transfer Paypal Crypto Credit Card Payoneer Coinbase Revolut Wise |
| One Step Rules | FundedNext | Elite Trader Funding |
| Profit Target | 25% | 12.5% – 6.7% |
| Max Daily Loss | 5% | ❌ |
| Max Daily Drawdown | ❌ | 10% – 2.5% |
| Max Loss | 10% | ❌ |
| Max Drawdown | ❌ | ❌ |
| Minimum Trading Days | 10 | 5 |
| Maximum Trading Days | ❌ | ❌ |
| Profit Split | 60%, up to 90% | 80% |
Evaluation Options:
Elite Trader Funding offers multiple evaluation options tailored to different trading styles and experience levels. Traders can choose from 1-Step Evaluations, EOD Drawdown Evaluations, and Fast Track Evaluations. FundedNext, on the other hand, provides traders with three distinct funding models: the Evaluation Model, the Express Model, and the Stellar Challenge. These models offer varying structures and flexibility, allowing traders to align with their preferred trading approach.
Profit-Sharing and Funding:
Elite Trader Funding adopts a generous profit-sharing model. Traders keep 100% of their first $12,500 in profits and retain 90% of all profits thereafter. FundedNext, on the other hand, offers profit-sharing options of up to 15% of the profit traders make during the challenge phases. Both firms provide traders with a strong incentive to achieve consistent profitability and offer the opportunity to trade larger accounts with increased profit targets.
Trading Rules and Conditions:
Elite Trader Funding keeps its trading rules simple, focusing on traders’ ability to profit, avoid excessive drawdown, and trade for a minimum number of days. FundedNext, on the other hand, emphasizes attractive profit-sharing options and reliable trading conditions. They calculate the maximum daily drawdown based on traders’ balance, ensuring a more reliable trading environment.
Supported Markets and Instruments:
Elite Trader Funding supports a wide range of markets, including futures trading. Traders can trade popular instruments within these markets. FundedNext, on the other hand, provides a comprehensive platform for traders worldwide, enabling them to pursue a full-time trading career. They offer flexibility in trading styles and instruments, allowing traders to choose the best fit for their goals and preferences.
Evaluation Resets and Fees:
Elite Trader Funding offers evaluation resets for traders who may face drawdowns or temporary setbacks. Traders can purchase a reset for a fee, allowing them to start fresh and continue their evaluation. FundedNext, however, does not explicitly mention evaluation resets in the provided information.
Community and Support:
Both Elite Trader Funding and FundedNext prioritize fostering a supportive community. Traders can share experiences, seek advice, and collaborate with fellow traders. Additionally, both firms offer dedicated support teams that are responsive, knowledgeable, and committed to assisting traders on their journey to success.
Conclusion:
In conclusion, both Elite Trader Funding and FundedNext Funded Trading Program offer unique features and opportunities for traders. Elite Trader Funding stands out with its variety of evaluation options, flexible trading rules, and generous profit-sharing terms. FundedNext, on the other hand, differentiates itself with its comprehensive funding models, attractive profit-sharing options, and commitment to providing reliable trading conditions.
Ultimately, the choice between these two funded trading programs depends on individual preferences, trading styles, and goals. We recommend carefully considering the features and benefits of each program to make an informed decision that aligns with your trading aspirations. Happy trading!
Disclaimer: This blog post is for informational purposes only and does not constitute financial advice. Traders should conduct their own research and due diligence before engaging with any funded trading program.
