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Forex prop firm· review & rules
An Italy-based sim-funder with 1-Step/2-Step (and Lite) challenges plus Instant Funding, news-friendly and EA-tolerant for analysis. The real teeth are in the fine print: a single-instrument risk cap that counts the WIDEST stop you ever set (even on winning trades), a static-eval-to-trailing-funded drawdown switch, and a live account that gets demoted back to evaluation if you pass with hidden/HFT EAs.
A flexible, news-friendly Italian sim-funder with EA tolerance — but the 'risk counts your widest stop' rule and the static→trailing funded drawdown switch are the traps to understand.
Pros
Watch out
Best for: Discretionary and news traders who want EA assistance and weekend holding — and who set fixed stops and size below the single-instrument risk cap.
Bottom line: Trader-friendly on news/EAs but strict on risk accounting; learn the widest-stop rule and the funded drawdown switch before committing.
| Account sizes | $5K – $300K |
| Profit split | 80% (Instant 70% → 95%) |
| Max scaling | Catalyst ladder to ~$1M (reported) |
| Platforms | MT5, Match-Trader, cTrader |
| Instruments | Forex, Indices, Metals, Stocks, Crypto |
| Payouts | First payout ~21 days; then bi-weekly; 24–72h processing |
| Plan | Type | Max DD | Daily | Targets | Min days |
|---|---|---|---|---|---|
| 2-Step Challenge | 2-Step | 8% static | 5% | 8% → 5% | 3 |
| 1-Step Challenge | 1-Step | 6% static | 3% | 10% | 3 |
| Instant Funding | Instant | 6% trailing | 3% | — | 3 |
Evaluation drawdown is STATIC (fixed on the initial balance, does not trail) — ~8% on standard 1/2-step, ~6% on Lite/Flash/Instant. On the funded stage (and Instant) it becomes a TRAILING equity drawdown updated end-of-day, tightening to ~5% from $50k accounts up.
Gotcha: You pass under a forgiving static drawdown, then the funded account switches to a tighter trailing EOD drawdown.
Present on all plans, ~3% (1-step/Lite/Instant) to ~5% (2-step) — sources conflict (3% vs 5%). The daily drawdown is dynamic/intraday and equity-based (it adjusts relative to performance within the day), while the total drawdown is static.
You may not risk more than 50% of your daily loss limit on a single instrument in one day (e.g., max 2.5% on a 5% daily limit). Risk is counted even on profitable trades; with no stop-loss, risk = the maximum adverse excursion; with a stop-loss, risk = the WIDEST stop you ever set during the trade's life.
Gotcha: Widening a stop mid-trade can retroactively breach this rule even if the trade closed in profit — risk is measured by your widest stop, not your final one.
Not universal — a consistency rule is applied to some accounts (a 60% consistency-score variant; a 30% daily-maximum variant cited for $300K and Flash live accounts), and on the Catalyst ladder it's optional (only if enabled at checkout). Where enforced it gates the payout rather than voiding the account.
Allowed with no blackout windows or news-hold caps; the only adjacent limit is the sub-3-minute scalping/HFT restriction.
Overnight and weekend holding are allowed (some plans require a weekend-holding add-on, and opening new positions over the weekend may be restricted).
EAs are allowed as analytical/risk-management/charting tools, but fully automated 'hidden' EAs and high-frequency-scalping EAs are prohibited. Copy trading is allowed between your own accounts; third-party/cross-account copying for risk-free profit is prohibited. HFT is prohibited.
Gotcha: If you pass a challenge using hidden/HFT EAs (or very few trades), the resulting live account is demoted back to evaluation status.
Prohibited: HFT and high-frequency scalping (trades under 3 minutes — or under 30 seconds if the scalping add-on was purchased), tick scalping, one-sided over-concentration (>50% of daily loss on one instrument), cross-broker/cross-prop-firm hedging, latency arbitrage, server spamming and account rolling. Account sharing only from a single consistent IP. Martingale/grid are tolerated if non-exploitative.
3 trading days for standard evaluation plans (Flash as low as 1). A valid day = at least one trade of any size; some plans add a ≥+0.5% profit requirement on counted days. The Catalyst ladder requires 5 days with a minimum PnL per stage.
29 consecutive days with no trade terminates the account (not described as reversible).
Base 80% split (1/2-step/Lite); Instant starts 70% and scales 70→80→95% (the 95% partly via add-on); the Catalyst ladder scales 80/85/90/95% by size. First payout after a minimum 21-day hold, then bi-weekly (configurable 3/7/14/21-day on some plans), processed in 24–72h via wire/crypto. KYC (Veriff) required before funding. Free/giveaway accounts are capped at a 2% payout per interval; the 'second chance' feature halves the split to 50%; reset fees escalate (~40% of cost, doubling for the 2nd/3rd).
Gotcha: Free/giveaway accounts cap payouts at 2% of initial balance per interval, and the 'second chance' option permanently halves your split to 50%.
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Informational and comparison content only — not financial advice and not affiliated with FundedElite. Rules change often; verify against FundedElite's official terms before relying on any detail. Last reviewed Jun 5, 2026.