!!!!TRADERS BEWARE!!!!
I’ve used this firm for over two years and can honestly say - in it’s current state - it’s a terrible prop firm. I suspect they’re facing insolvency issues.
Currently theyre getting desperate and trialing with “add-ons.” These add-ons are standard practice at other, reputable firms. Running the numbers will show you that it is a scam and not worth it:
ETF 50k EOD w/tradeshield add-on (basically makes the DLL a soft breech which is something ALREADY included with other firms such as topstep) + one day to pass add on = $295 + $20 + $15 = $330. Then you add an $80 activation fee upon passing. All in cost = $410 for a 50k account with ridiculously stringent payout rules including a 23% consistency rule and 15 days of 200$+ to qualify. They will do whatever is possible not to pay you out.
To the new traders considering this firm - you will regret it. I doubt they’ll be around much longer. This firm commits highway robbery. If you speak or ask any questions about it you’ll be banned in the discord as well.
Consider Topstep, Myfundedfutures, tradeday and even apex.
ETF 50k EOD all in cost = $410… temporary 50% off promo? Still nearly $300 all in.
Topstep 50k eod all in cost = $200
MFFU 50k starter all in cost = $76
Oh and with ETF you need over 15 days of $200 with 23% consistency + way more ridiculous rules to take a payout… the choice is clear. Stay away.
Currently theyre getting desperate and trialing with “add-ons.” These add-ons are standard practice at other, reputable firms. Running the numbers will show you that it is a scam and not worth it:
ETF 50k EOD w/tradeshield add-on (basically makes the DLL a soft breech which is something ALREADY included with other firms such as topstep) + one day to pass add on = $295 + $20 + $15 = $330. Then you add an $80 activation fee upon passing. All in cost = $410 for a 50k account with ridiculously stringent payout rules including a 23% consistency rule and 15 days of 200$+ to qualify. They will do whatever is possible not to pay you out.
To the new traders considering this firm - you will regret it. I doubt they’ll be around much longer. This firm commits highway robbery. If you speak or ask any questions about it you’ll be banned in the discord as well.
Consider Topstep, Myfundedfutures, tradeday and even apex.
ETF 50k EOD all in cost = $410… temporary 50% off promo? Still nearly $300 all in.
Topstep 50k eod all in cost = $200
MFFU 50k starter all in cost = $76
Oh and with ETF you need over 15 days of $200 with 23% consistency + way more ridiculous rules to take a payout… the choice is clear. Stay away.
Response from Elite Trader Funding
It's disappointing to see misleading claims like these, especially from someone who's been with us for over two years. Let's break this down:
Insolvency Accusation: Suggesting that we’re facing insolvency is baseless and reckless. Our firm is financially stable, with ongoing enhancements to offer our traders more value and flexibility.
Add-Ons and Costs: The add-ons we offer, such as TradeShield and one-day pass, are optional tools designed to enhance your trading experience, not mandatory fees. Comparing our unique product offerings to other firms without context is misleading. We provide options that many traders find valuable, and they are clearly listed to ensure transparency.
Payout Rules: Our payout rules are designed to promote consistent, disciplined trading—a principle that professional traders understand and appreciate. If you're struggling with our rules, it might reflect more on your trading approach than on our firm's integrity.
Discord Ban: We welcome constructive criticism and open dialogue. However, spreading misinformation or violating community guidelines will not be tolerated in any platform.
Comparing us to other firms is fine, but make sure you're comparing apples to apples. We're committed to supporting serious traders who are ready to thrive under clear, professional guidelines. If you're looking for a shortcut or unwilling to meet industry-standard requirements, we might not be the right fit for you. But calling us a "scam" without facts is not only inaccurate—it's irresponsible.
We encourage potential traders to do their own research and reach out with any questions. We're confident in the value we provide and the success of our traders.
ETF Team
Insolvency Accusation: Suggesting that we’re facing insolvency is baseless and reckless. Our firm is financially stable, with ongoing enhancements to offer our traders more value and flexibility.
Add-Ons and Costs: The add-ons we offer, such as TradeShield and one-day pass, are optional tools designed to enhance your trading experience, not mandatory fees. Comparing our unique product offerings to other firms without context is misleading. We provide options that many traders find valuable, and they are clearly listed to ensure transparency.
Payout Rules: Our payout rules are designed to promote consistent, disciplined trading—a principle that professional traders understand and appreciate. If you're struggling with our rules, it might reflect more on your trading approach than on our firm's integrity.
Discord Ban: We welcome constructive criticism and open dialogue. However, spreading misinformation or violating community guidelines will not be tolerated in any platform.
Comparing us to other firms is fine, but make sure you're comparing apples to apples. We're committed to supporting serious traders who are ready to thrive under clear, professional guidelines. If you're looking for a shortcut or unwilling to meet industry-standard requirements, we might not be the right fit for you. But calling us a "scam" without facts is not only inaccurate—it's irresponsible.
We encourage potential traders to do their own research and reach out with any questions. We're confident in the value we provide and the success of our traders.
ETF Team