I had a very disappointing experience…
I had a very disappointing experience with Elite Trader Funding. I received one payout from ETF last year. This year, I spent months trading and thousands of dollars on evaluation fees to qualify for payouts on three funded accounts. On the day I became eligible to request my payout, I received an email stating that all of my accounts were being converted to Live Elite instead. The biggest issue for me is that I expected to receive the payouts I had worked toward. Instead, the sim-funded accounts were closed and I was transitioned to a Live Elite account under a completely different set of rules. While ETF's Terms now state they can move traders to Live Elite before, during, or after a payout request, that was not the outcome I was expecting after months of trading toward the published payout targets. In my experience with other prop firms like Tradeify and Lucid, they honored the earned payout before transitioning traders to a live account. ETF handled it differently. If your primary goal is receiving payouts from simulated funded accounts, I strongly recommend reading the Live Elite Terms carefully before purchasing multiple accounts. I wish I had fully understood how the transition could affect payouts before investing so much time and money. This review reflects my personal experience.