Looking to kickstart your trading journey with Funded Elite? Whether you’re a seasoned trader or just starting, getting a discount is always a bonus. Funded Elite, a growing prop trading firm, offers traders a chance to enhance their trading career by providing capital after passing their evaluation. And now, you can save 23% on your challenge fees by using the promo code “INVEST”. This guide will walk you through everything you need to know about applying the discount code, Funded Elite‘s challenges, and how it can benefit you in your trading journey.
What is Funded Elite?
Funded Elite is a prop trading firm designed to fund skilled traders who can prove their abilities through a set of challenges. Intending to provide traders with the capital they need to maximize their potential, Funded Elite has emerged as a reputable platform for those looking to make profits without putting up large amounts of their own money.
Founded by Christian Habibi (CEO) and Artur S. Deshko (COO), Funded Elite prioritizes trader success by offering comprehensive evaluation programs and quick payouts. By partnering with trusted brokers like ThinkMarkets, the platform ensures that traders have a secure and efficient environment to hone their skills.
Why Use the Funded Elite Discount Code?
Trading prop firms can come with substantial fees, especially for larger accounts. By applying the Funded Elite discount code “INVEST”, you get an immediate 23% off, making your trading journey more affordable. Here’s how this can benefit you:
- Reduced Challenge Fee: Save on your first purchase of any challenge, whether it’s the one-step or two-step evaluation.
- More Flexibility: With the savings, you can choose larger accounts or reinvest in other areas of your trading.
- Unlimited Uses: You can apply the discount code as many times as you need on different challenges, maximizing your savings.
Step-by-Step: How to Apply the Funded Elite Discount Code “INVEST”
Using the discount code is easy! Just follow these steps:
Visit the Funded Elite Website
Go to the official Funded Elite website and click on the “Join Now” button.
Select Your Challenge
Choose between the available challenge types such as the Knight Challenge, Royal Challenge, or other flexible trading conditions. Each challenge type comes with its own profit target, drawdown limits, and key features, giving you the flexibility to choose what fits your trading style best.
Fill Out Billing Information
Enter your details on the billing page. Be sure to fill in accurate information to ensure smooth processing of your purchase.
Apply the Discount Code “INVEST”
In the designated box for promo codes or coupon codes, type in “INVEST” and hit apply. You will see the 23% discount reflected in your total.
Proceed to Checkout
Complete your purchase and get ready to start your evaluation!
Funded Elite’s Challenges: What You Need to Know
Funded Elite offers two main types of evaluation programs: the One-Step Funding Program and the Two-Step Funding Program. These challenges evaluate your trading skills, consistency, and risk management.
1. One-Step Funding Program
This program involves a single evaluation phase with a higher profit target. It’s perfect for traders confident in their abilities and ready to prove their skills in one go. Traders must adhere to certain rules, including a maximum daily drawdown limit and a maximum overall drawdown of 8%.
2. Two-Step Funding Program
This program offers a more gradual evaluation, split into two phases: the challenge and verification. The profit target for the challenge is set at 8%, and for verification, it’s 5%. Traders must complete at least five trading days in each phase, with a maximum drawdown limit of 10%.
How Does Funded Elite Benefit Traders?
Funded Elite aims to support traders at various stages in their trading journey, offering benefits such as:
- Generous Profit Sharing: Traders can keep up to 80% of their profits, giving them the potential to grow their income significantly.
- Flexible Trading Conditions: Funded Elite offers flexibility in trading days, allowing you to hold trades over weekends and during news releases.
- Real Market Experience: The evaluation is done in a demo environment, mimicking real market conditions to give traders the most accurate experience without risking their own capital.
- Second Chance Option: Failed the challenge? No worries. Funded Elite offers a second chance to retake the evaluation and prove your trading skills without additional fees.
- Fast Payout System: Once funded, traders can enjoy quick access to their profits, with payouts available within 12 working days of making a withdrawal request.
Why Choose Funded Elite?
With so many prop trading firms available, what sets Funded Elite apart? Here are a few key features that make it a strong choice for traders:
- Support for All Trader Levels: Whether you’re a novice or an elite trader, Funded Elite caters to various skill levels, with smaller accounts available for beginners and larger ones for professionals.
- Risk-Free Trading Environment: The initial evaluation is done with virtual funds, allowing you to demonstrate your skills without the stress of losing real money.
- Unlimited Trading Time: Unlike some firms, Funded Elite does not limit your trading time. You have the flexibility to complete your challenge at your own pace.
- Strong Customer Support: Funded Elite boasts some of the best customer support in the industry, providing traders with answers and assistance when they need it.
Understanding the Drawdown Limits and Risk Management
A significant part of any prop firm evaluation is managing risk, and Funded Elite is no different. Drawdown limits are set to ensure traders maintain a healthy risk profile. Here’s what you need to know:
- Daily Drawdown Limit: Traders are capped at a daily drawdown of 3% for the One-Step Program and 5% for the Two-Step Program.
- Overall Drawdown Limit: The total maximum drawdown allowed is 8% in the One-Step Program and 10% in the Two-Step Program. Exceeding these limits will result in disqualification from the challenge.
By adhering to these limits, you can showcase your risk management skills and progress toward becoming a funded trader.
Unlocking Your Full Potential with Funded Elite
Funded Elite is more than just a prop firm. It’s an opportunity for traders to maximize their skills and reach their full potential without the need for significant upfront capital. With the right strategy, risk management, and adherence to the trading rules, you could find yourself on the path to your first payout and beyond.
Hypothetical Performance Results
While past performance is never a guarantee of future results, many traders have successfully navigated Funded Elite’s evaluations and secured funded accounts. These traders continue to grow their portfolios and make regular withdrawals, proving that the potential for success is within reach.
Start Your Trading Journey with Funded Elite Today
Ready to take on the challenge? Funded Elite offers a unique opportunity to get funded, trade with actual capital, and build a profitable trading career. With the added benefit of a 23% discount using the code “INVEST”, there’s never been a better time to start your trading journey.
Frequently Asked Questions (FAQs)
1. Can I use the discount code “INVEST” on multiple challenges?
Yes! The discount code can be used unlimited times on different challenges, allowing you to save 23% on each one.
2. What happens if I fail the evaluation?
Funded Elite offers a second chance for traders to retake their challenge and prove their trading skills, ensuring you have multiple opportunities for success.
3. How soon can I withdraw profits?
After completing your first 21 trading days, you can request your first withdrawal. Subsequent withdrawals can be made on a bi-weekly basis.
4. Can I trade during weekends and news releases?
Yes, Funded Elite allows traders to hold trades over weekends and trade during news releases, providing more flexibility in your trading strategy.
Conclusion: Maximize Your Savings and Trading Potential
Funded Elite offers traders a unique platform to unlock their full potential in the financial markets. With flexible trading conditions, generous profit sharing, and a supportive environment, it’s a top choice for those serious about their trading careers. And with the 23% discount using the code “INVEST”, getting started has never been easier.
Start your trading journey today and take advantage of Funded Elite’s top-notch features, strong support, and fast payouts. Your future as an elite trader begins here!
