The Hidden Trap of Elite Trader's Trailing Drawdown
For traders seeking a funded account, Elite Trader often seems like an attractive choice. They promise the opportunity to trade with company capital, which appears to be a win-win scenario. However, a closer look at their trailing drawdown policy reveals a system that disproportionately benefits the company at the expense of the trader.
The trailing drawdown is essentially a moving limit that follows your highest account balance. While this might sound reasonable at first, the way it’s structured can create a nearly impossible environment for long-term success.
The trailing drawdown is essentially a moving limit that follows your highest account balance. While this might sound reasonable at first, the way it’s structured can create a nearly impossible environment for long-term success.
Response from Elite Trader Funding
Thank you for your feedback. Our trailing drawdown rules are clearly disclosed and are one of the many plans that we offer.
You can trade as close to a personal brokerage account as possible by having a fixed minimum balance that doesn't adjust with profits via our Static account.
Or perhaps you'd like the benefit of holding positions overnight and through the weekend for larger moves in the market? You can do so with either our Diamond Hands or Direct to Funded accounts.
If you like to capitalize on daily moves intraday, then our End of Day accounts trail based on your highest end of day realized profit.
We understand trailing drawdown may not suit your trading style, which is why we offer multiple plans with different rules and risk parameters. Please carefully compare all of our plans to select which best aligns with your strategy.
ETF Team
You can trade as close to a personal brokerage account as possible by having a fixed minimum balance that doesn't adjust with profits via our Static account.
Or perhaps you'd like the benefit of holding positions overnight and through the weekend for larger moves in the market? You can do so with either our Diamond Hands or Direct to Funded accounts.
If you like to capitalize on daily moves intraday, then our End of Day accounts trail based on your highest end of day realized profit.
We understand trailing drawdown may not suit your trading style, which is why we offer multiple plans with different rules and risk parameters. Please carefully compare all of our plans to select which best aligns with your strategy.
ETF Team