Battle Between The Prop Firms – Blue Guardian Vs Futures Elite
Traders today are burdened with choice over which prop firm to pick for their trading journey! To address this issue several prop firms have come up with a wide array of account types so that they serve as a one stop shop for traders and all of our trading needs.
This article shall discuss two of these props firms, namely Blue Guardian and Futures Elite. Both of these firms offer a wide selection of account sizes and account types aimed at catering to all traders irrespective of where they are in their trading journey.
Traditional Vs Futures Based Prop Firms
Before we dive into the account types available for the above prop firms, traders need to first make note that Blue Guardian is a traditional prop firm whereas Futures Elite is a futures based prop firm.
A normal prop firm typically allows traders to trade various financial instruments like stocks, forex, or options using the firm’s capital after passing an evaluation or meeting certain performance criteria. These firms may offer a range of trading strategies and instruments, and traders are generally required to share a portion of their profits with the firm. In contrast, a futures prop firm focuses specifically on futures contracts, providing capital for traders to trade commodities, indices, or other futures markets.
Blue Guardian : Account Types
Futures Elite has made the journey towards trading with funded capital easier than before by offering trading accounts at a significantly cheaper rate compared to the competition.
For instance, a $100K account with TopStep is priced at a steep $325 monthly. The average price for a $100K futures account is between $250 and $350 but with us at Futures Elite you can purchase a $100K account for as little as $130!
Why Futures Elite?
- Unlimited Account: This account type serves as the traditional two step prop firm challenge account. Traders must pass two evaluation phases each with their own profit targets and drawdown limits before being granted to funded capital. Traders must hit a profit target of 8% and 4% in phase 1 and 2 respectively while simultaneously avoiding breaching the daily drawdown limit of 4% for both phases and a 8% overall drawdown limit for both phases. The price for a $100,000 account is $497.
- Elite Account: This account type is functionally identical to the Unlimited Account with one main difference; the difficulty of the challenge is made slightly easier increasing the odds of passing the evaluation phases and getting funded. Traders need to hit a profit target of 10% and 4% in phase 1 and 2 respectively. Drawdown limits for this account type are more relaxed with 4% in daily drawdown and 10% in overall drawdown. The price for a $100,000 account is $620.
- Rapid Account: This account type is directed at traders who want to gain funded capital quicker than the usual process of 2 evaluation phases. Traders need to only clear 1 evaluation phase with 10% being the profit target and 4% and 6% being the daily and overall drawdown limits respectively. The price for a $100,000 account is $497.
- 3 Step Account: This account is a more drawn out account type with 3 evaluation phases. Due to the increased amount of evaluation phases this account is priced cheaper. Profit target for all 3 phases is maintained at 6% while the daily and overall drawdown limits are similarly maintained at 4% and 8% respectively. The price for a $100,000 account is $367.
- Instant Account: This account type is for traders who wish to start trading with funded capital immediately without the hassle of going through any evaluation phase. Traders pay an upfront fee and immediately gains access to the firm’s capital. The price for a $100,000 account is $779.
Futures Elite : Account Types
- Evaluation Account – Starter Package: This account type is designed for futures traders who wish to go through the typical evaluation process before getting access to funded capital. Traders must hit a profit target of 6% before hitting daily and overall drawdown limits. The price for a $100,000 account is $130/ monthly and the account permits holding upto 7 contracts simultaneously.
- Evaluation Account – Pro Package: Similar to the Starter Package, the Pro Package increases the amount of contracts that can be open simultaneously and removes the daily drawdown limit criteria entirely. The profit target for the Pro Package is 8%. The price for a $100,000 account is $230/ monthly and the account permits holding upto 10 contracts simultaneously.
- Instant Account: Traders who wish to immediately dive into trading the futures market without dealing with the evaluation phase typically purchase the Instant Account Type. This ensures that traders can immediately trade any favourable market opportunity that they discover without delay. While trading with this account traders must avoid an overall drawdown limit of 5%. The price for an instant funding $100,000 account is $759.
Join Futures Elite Today
Futures elite offers one of the highest profit splits in the industry of upto 100%, no activation fees and flexible payment structures, making it an attractive choice for traders who want more capital and a transparent path to success. Traders can stay up to date with market developments by subscribing to our newsletters on either Facebook, X or Instagram.
What are you waiting for? Empower Your Trading Journey, Maximize and Realize Your Full Potential! Become a Funded Trader Today