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Process Explained in 5 Simple Steps
- 1
Choose Your Evaluation Challenge or Customize Your Rules
Select from a variety of account sizes, platforms, and trading rules.
- 2
Start Trading Immediately
Receive your account credentials instantly via email and in your dashboard.
- 3
Pass Your Challenge in as Little as 1 Day
No minimum trading days or consistency rules. Pass your challenge the same day if you meet the targets.
- 4
Upgrades Are Automated and Instantaneous
Our system checks all metrics in real time and upgrades your account in as little as 1 second once you pass.
- 5
Trade Funded
Start trading your funded account the same day you started your evaluation.
Pricing
Pricing table
FAQ
Evaluation accounts FAQ
The Maximum End of Day (EOD) Trailing Drawdown is a dynamic risk management tool designed to protect your profits by adjusting your loss limit only at the close of each trading day. This mechanism locks in gains based on your highest end-of-day balance, offering flexibility to trade during the day without worrying about real-time adjustments to the drawdown.
How It Works:
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The EOD Trailing Drawdown is recalculated at the end of each trading day. If your account balance at the close of the day exceeds any previous end-of-day high, the drawdown adjusts upwards to reflect this.
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The drawdown does not decrease intraday, meaning it stays fixed throughout the day even if your balance drops. It only moves up when a new end-of-day high is reached.
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If a trader successfully completes the 5 minimum profitable trading days before reaching the required profit percentage to adjust the drawdown, the drawdown will still lock at the initial balance, but only after the first payout request.
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Additionally, the trailing EOD drawdown will stop and lock at the initial balance of the challenge after either reaching the maximum drawdown percentage in profits or after the first payout request.
How It Works:
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For a $50K account with a 6% trailing drawdown:
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If your account balance reaches $52,300 by the end of the day, the drawdown locks at $50,000, preserving your gains and protecting against further losses.
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For a $100K account with a 3% trailing drawdown:
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If your balance reaches $103,300, the drawdown locks at $100,000. Even if your balance decreases the next day, the drawdown stays locked at $100,000 until a new high is reached.
Why is the Maximum EOD Trailing Drawdown Important?
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Locks in Profits: This mechanism locks in your highest end-of-day balance, preserving your profits and minimizing potential losses.
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No Intraday Adjustments: The drawdown only adjusts at the end of the trading day, giving you the freedom to trade without intraday restrictions.
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Encourages Long-Term Growth: By focusing on daily performance, this rule promotes steady growth and consistent risk management.
What Happens If You Hit the Maximum EOD Trailing Drawdown?
If your account balance drops below the locked EOD drawdown by the end of the trading day, your positions will be liquidated, and trading will stop for that phase. To resume trading, you will need to reset the account or start a new challenge.
This rule applies to both Evaluation Accounts and Instant Funded Accounts, ensuring that traders have the opportunity to lock in profits while managing their risk effectively.
If your account balance drops below the locked EOD drawdown by the end of the trading day, your positions will be liquidated, and trading will stop for that phase. To resume trading, you will need to reset the account or start a new challenge.
This rule applies to both Evaluation Accounts and Instant Funded Accounts, ensuring that traders have the opportunity to lock in profits while managing their risk effectively.
Our dashboard features a Reset Button that allows you to restart your challenge if your trading didn’t go as planned. When you use the reset button, the following will occur:
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Drawdown Removal: Any existing drawdown will be erased.
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Challenge Restart: Your challenge will be reset to the initial balance.
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Parameters Reset: Trading days, consistency rules, and all other parameters of your challenge will be reset to the starting point.
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Restart Flexibility: You can immediately start trading again.
Reset Cost and Eligibility
The reset option is available in both the Evaluation stage and once breached. Fixed prices apply based on your challenge type:
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150K Pro: $239
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150K Starter: $129
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100K Pro: $159
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100K Starter: $99
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50K Pro: $99
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50K Starter: $49
Subscription Cycle Note
Resetting your account does not change your subscription cycle. For instance, if your subscription is set to renew on the 10th and you reset your account on the 8th, you will be charged for the reset as well as the upcoming billing cycle on the 10th.
To participate in the Futures Elite Trading Challenge, it’s important to know whether your challenge consists of one or two phases. Each challenge has specific criteria for passing, but all challenges require you to:
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Achieve the Profit Target
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Avoid Daily and Total Drawdown
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Complete the Minimum Trading Days
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Follow All Trading Rules
You can easily track your progress on your dashboard, which updates live every 60 seconds. To access your trading dashboard, simply go to app.futureselite.com.
