Sounds good on paper with cheap…
Sounds good on paper with cheap evaluations but once you become largely profitable, they will cut you off and deny your payout.
I was funded with Elite Trader Funding and on my first payout, they sent me off to Live. I had $20k of buffer but they gave me restrictive sizing and forced me to trade on Rithmic. This so far is all understandable until I had lost about $2k, they kicked me off Live despite over $18k buffer they did not pay out to me.
What does this mean? They refused to pay me over $20k of payout, they transfer to you live and once you lose about 10% of YOUR hard earned money, they will kick you off from Live and instead of paying me $20k, they essentially got off with paying $2k. So their business model is not risking any money, with no clear rules of Live. You get disincentivized for moving to Live for traders who are actually doing good and they are taking all the bad traders' money away.
So yeah, they may advertise cheap evals since 90% of traders fail anyways, and then once (if you ever) become profitable, boom. You are off from their program because now you are losing them money. They only want to keep bad traders. Don't buy into their shady business.
EDIT to reply to the comment - You should've paid me then. Where is my 20k?
Also traders, look for other 1 star reviews on this shady company. They all had similar experience and agree with me.
EDIT 2 - Look at the number of 1 star reviews. 24 % of all reviews are 1 stars. I bet most of these 1 stars are from actual profitable traders. Why do you want me to let myself go on haunting you guys when you falsely advertised and avoided payouts with your scammy system? Maybe you should've paid out as you advertised and not screw over people.
I was funded with Elite Trader Funding and on my first payout, they sent me off to Live. I had $20k of buffer but they gave me restrictive sizing and forced me to trade on Rithmic. This so far is all understandable until I had lost about $2k, they kicked me off Live despite over $18k buffer they did not pay out to me.
What does this mean? They refused to pay me over $20k of payout, they transfer to you live and once you lose about 10% of YOUR hard earned money, they will kick you off from Live and instead of paying me $20k, they essentially got off with paying $2k. So their business model is not risking any money, with no clear rules of Live. You get disincentivized for moving to Live for traders who are actually doing good and they are taking all the bad traders' money away.
So yeah, they may advertise cheap evals since 90% of traders fail anyways, and then once (if you ever) become profitable, boom. You are off from their program because now you are losing them money. They only want to keep bad traders. Don't buy into their shady business.
EDIT to reply to the comment - You should've paid me then. Where is my 20k?
Also traders, look for other 1 star reviews on this shady company. They all had similar experience and agree with me.
EDIT 2 - Look at the number of 1 star reviews. 24 % of all reviews are 1 stars. I bet most of these 1 stars are from actual profitable traders. Why do you want me to let myself go on haunting you guys when you falsely advertised and avoided payouts with your scammy system? Maybe you should've paid out as you advertised and not screw over people.
Response from Elite Trader Funding
We want to address this directly because there's a lot here that isn't accurate.
You passed your eval, got funded in sim, and we paid you $13,500 in real money from simulated gains. That's not "cutting you off" or "denying your payout."
That's us literally paying you.
When you moved to Live Elite, you had the opportunity to trade with our real capital in real markets. When that first attempt didn't work out, you reached out to our CEO directly and he gave you a second chance.
You were grateful at the time. That second attempt also didn't work out.
Live trading is different than sim. Orders fill differently, emotions hit differently, the stakes feel different because they are different. This isn't unique to ETF. It's just the reality of trading.
You mention "no clear rules" but our FAQ, Help Center, Discord, and support team are all available before you ever purchase an eval. The information was there.
This happened over six months ago and you've continued to post about us repeatedly since then. At some point, we all have to move forward.
$13,500 in sim payouts plus two shots at trading live markets with ETF's real capital investment isn't a scam. We encourage anyone reading this to do their own research and look at the full picture.
We wish you the best.
ETF Team
You passed your eval, got funded in sim, and we paid you $13,500 in real money from simulated gains. That's not "cutting you off" or "denying your payout."
That's us literally paying you.
When you moved to Live Elite, you had the opportunity to trade with our real capital in real markets. When that first attempt didn't work out, you reached out to our CEO directly and he gave you a second chance.
You were grateful at the time. That second attempt also didn't work out.
Live trading is different than sim. Orders fill differently, emotions hit differently, the stakes feel different because they are different. This isn't unique to ETF. It's just the reality of trading.
You mention "no clear rules" but our FAQ, Help Center, Discord, and support team are all available before you ever purchase an eval. The information was there.
This happened over six months ago and you've continued to post about us repeatedly since then. At some point, we all have to move forward.
$13,500 in sim payouts plus two shots at trading live markets with ETF's real capital investment isn't a scam. We encourage anyone reading this to do their own research and look at the full picture.
We wish you the best.
ETF Team