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July 1, 2025
Dive deep into unbiased reviews of top forex prop firms — including funding rules, payout speed, trader support, and real performance.
FundedElite is one of the fastest-growing proprietary trading firms, known for its flexible funding models, affordable challenges, and high profit splits of up to 95%. Founded in 2023, the firm has quickly earned popularity among retail traders thanks to its “Second Chance” policy, time-unlimited challenges, and transparent payout system.
The firm offers multiple funding options — including 1-Step, 2-Step, Lite, and Instant Funding programs — designed for both new and experienced traders.
FundedElite was launched in 2023 under Quantum SRLS, headquartered in Latina, Italy. The company’s mission is to make prop trading accessible by offering realistic trading conditions, lower entry costs, and multiple challenge structures to suit every trader’s style.
Their slogan — “We grow together with our traders” — reflects their goal of long-term partnerships and sustainable scaling.
Founded: 2023
Headquarters: Latina, Italy
Legal Entity: Quantum SRLS
Website: www.fundedelite.com
Platforms: MetaTrader 5, TradeLocker
Focus: Forex, Indices, Metals, Commodities, and Crypto
Trustpilot Rating: ⭐ 4.6 / 5 (as of November 2025)
FundedElite offers four main programs, giving traders the freedom to choose between fast-track funding, low-cost entry, or full evaluations.
For traders seeking a simple and fast way to get funded.
Account Sizes & Fees:
$10,000 – $99
$25,000 – $179
$50,000 – $279
$100,000 – $449
Program Rules:
Profit Target: 10%
Max Daily Drawdown: 5%
Max Overall Drawdown: 10%
Minimum Trading Days: 3
Time Limit: None
Profit Split (Funded): Up to 90%
A two-phase process built for disciplined traders who prefer structured evaluation.
Phase 1:
Profit Target: 8%
Max Daily Loss: 5%
Max Loss: 10%
Phase 2:
Profit Target: 5%
Max Daily Loss: 5%
Max Loss: 10%
Account Sizes & Fees:
$10,000 – $89
$25,000 – $159
$50,000 – $259
$100,000 – $419
$200,000 – $689
Profit Split: Up to 95%
Time Limit: None
Scaling: Available every 3 months
The Lite Challenge is designed for traders who want to test their skills at a lower price point before committing to larger evaluations.
Account Sizes & Fees:
$5,000 – $19
$10,000 – $29
$25,000 – $49
Program Rules:
Profit Target: 8%
Max Drawdown: 10%
Daily Loss Limit: 4%
Profit Split: 80–85%
Lite accounts offer a low-risk way to experience the platform while still earning real payouts.
Traders can skip evaluations and access live accounts instantly with real capital.
Account Sizes & Fees:
$10,000 – $299
$25,000 – $499
$50,000 – $799
$100,000 – $1,199
Program Rules:
No evaluation
Max Drawdown: 10%
Daily Loss Limit: 5%
Profit Split: Up to 85%
Payout Frequency: Every 14 days
Leverage: 1:100
This option is best for experienced traders who want immediate access to capital without challenge delays.
Supported Platforms:
MetaTrader 5 (MT5)
TradeLocker
Tradable Assets:
Forex (Majors, Minors, Exotics)
Commodities (Gold, Silver, Oil)
Indices (US30, NAS100, SPX500, GER40)
Cryptocurrencies
Trading Rules:
✅ EAs, bots, and algorithmic trading allowed
✅ Scalping and hedging permitted
✅ No minimum trading days
✅ No time limits
✅ News trading allowed
⚠️ Daily loss and max drawdown rules strictly enforced
Leverage: Up to 1:100
FundedElite is praised for fast payouts, typically processed within 24–48 hours after approval.
Payout Details:
First Payout: 14 days after funded activation
Subsequent Payouts: Every 14 days
Processing Time: 24–48 hours
Minimum Payout: $100
Payment Methods: Bank Transfer, PayPal, Crypto (USDT / BTC / ETH)
Refund Policy:
Traders receive a 100% refund of their challenge fee with their first successful payout.
Second Chance Policy:
If a trader fails a challenge, FundedElite offers one free retry under its “Second Chance” rule — a rare feature in the prop industry.
FundedElite supports traders’ long-term growth through a structured scaling model.
Scaling Interval: Every 3 months
Performance Requirement: Minimum 10% profit with low drawdown
Scaling Cap: Up to $2,000,000
Profit Split Increase: 80% → 85% → 90% → 95%
Positive Feedback:
✅ “Got my payout in less than 48 hours — smooth process!”
✅ “The Lite challenge is perfect for beginners to test strategies.”
✅ “Second chance policy saved me from rebuying after one mistake.”
Critical Feedback:
⚠️ Some users mention dashboard glitches on TradeLocker.
⚠️ Instant funding plans are more expensive.
⚠️ Limited educational or analytics tools for traders.
Trustpilot Rating: ⭐ 4.6 / 5
✅ Pros:
Up to 95% profit split
Affordable Lite and 1-Step challenges
Second Chance policy (free retry)
Time-unlimited evaluations
Fast payouts (within 48 hours)
Scaling up to $2,000,000
⚠️ Cons:
New firm (launched in 2023) with limited long-term history
Higher cost for instant funding
Some dashboard performance issues
Limited platform options (no MT4 yet)
| Feature | FundedElite | Typical Prop Firm |
|---|---|---|
| Profit Split | Up to 95% | 80–85% |
| Challenge Types | 1-Step / 2-Step / Lite / Instant | 2-Step |
| Time Limit | None | 30 Days |
| Leverage | 1:100 | 1:50 |
| Payout Frequency | Every 14 Days | 30 Days |
| Scaling Cap | $2,000,000 | $300,000 |
| Refund Policy | Yes (100%) | Limited |
FundedElite has emerged as one of the most flexible and accessible prop firms for traders in 2025. With affordable entry costs, time-unlimited challenges, fast payouts, and a 95% profit split, it’s an excellent choice for traders who want flexibility and fairness.
While still new, FundedElite’s growing reputation and verified payout reports make it a strong contender among modern prop firms.
Final Verdict:
⭐ FundedElite offers real value, fast payouts, and generous splits — a firm built for traders who value flexibility and growth.
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