Prop Firm Review · last checked 2026-07-02
FundedElite Review
FundedElite Review finds a prop-style firm offering challenge and funded accounts, with payouts through Rise or cryptocurrency. Because it operates without traditional broker regulation, the published programme terms warrant close attention before committing.
- Regulators listed: No current retail-broker regulation disclosed by the company, Official FAQ says it does not operate under regulation
- Platforms: MetaTrader 5, TradeLocker
- No standard broker-style minimum deposit publicly disclosed; public pages focus on...
In brief
Our FundedElite review verdict
FundedElite Review finds a prop-style firm offering challenge and funded accounts, with payouts through Rise or cryptocurrency. Because it operates without traditional broker regulation, the published programme terms warrant close attention before committing.
- 01Operating entity
- Quantum SRL operating under the trade name Funded Elite
- 02Trading setup
- MetaTrader 5, TradeLocker
- 03Entry cost
- No standard broker-style minimum deposit publicly disclosed; public pages focus on challenge pricing and...
- 04Main limitation
- Not a fit if you want a conventional regulated retail forex broker
Key facts about Fundedelite
The legal entity, local rules and available account terms may change with the client's country.
- ✓FundedElite says it does not operate under regulation.
- ✓FundedElite’s terms state it does not execute orders on any exchange or market, does not accept deposits of real funds, and does not provide investment advice.
- ✓FundedElite offers MetaTrader 5 and TradeLocker on some challenge pages.
Who this broker suits
- Readers specifically comparing prop-style funded trading programs
- Users who want to verify account rules, payout rails, and country restrictions before paying
- Traders comfortable with a non-broker, challenge-based model
- You want a conventional regulated retail forex broker
- You require clear client-money protections or deposit/withdrawal brokerage terms
- You are sensitive to payout-rule disputes or opaque eligibility conditions
Key facts
| Item | Publicly disclosed detail | Notes |
|---|---|---|
| Website | fundedelite.com | Official home page |
| Support pages | faq.fundedelite.com | Official FAQ knowledge base |
| Regulation status | States it does not operate under regulation | Do not infer broker license coverage |
| Funding model | Challenge accounts and instant funded-style products | Product terms vary by program |
| Platforms | MetaTrader 5, TradeLocker | Listed on FAQ pages |
| Payout timing | Some pages state first payout request is possible after 21 days; a general payout FAQ says payouts are processed through Rise | Eligibility depends on program type |
| Withdrawal methods | Rise and crypto | Fees may be deducted from payout amount |
| Country limits | Restricted countries apply | Check before purchase |
| Minimum deposit | No standard broker-style minimum deposit disclosed | Public materials focus on challenge pricing instead |
Public disclosure is product-based, not broker-account based.
FundedElite is an evaluation programme rather than a broker
FundedElite operates more like a funded-trading programme than a regulated forex broker. Its public questions describe several challenge types, MT5 and TradeLocker platform options, and payouts through Rise or cryptocurrency. The company states that it does not execute orders on exchanges or accept real deposits. It is therefore a trading evaluation platform rather than a conventional broker. FundedElite also confirms that it is not regulated, meaning the protections commonly associated with licensed brokers should not be expected.
What the public record shows in this FundedElite Review
Publicly available material outlines FundedElite’s account structures and payout routes, but does not place the firm on the same footing as a regulated forex broker. The absence of broker regulation, the simulated funding model and potentially complex challenge rules make this a high-risk trading programme. It may suit traders seeking prop-style evaluation accounts, while those seeking regulated broker safeguards may wish to consider alternatives first.
Entity and regulation table
| Entity / brand | Regulatory status | Regulator / register | Details |
|---|---|---|---|
| Quantum SRL | Operating entity — not regulated broker | Official terms and FAQ | Italy-based company trading as Funded Elite; P.IVA 03095010595. Terms say it is not a broker and not a regulated financial services provider. |
| FundedElite | Broker website / support centre | Official website | Brand website and FAQ/support portal for the Funded Elite prop-style simulated trading program. |
FundedElite is disclosed as a simulated trading/education program, not a licensed retail broker.
FundedElite’s published benefits and constraints
Available positives include detailed public questions, several challenge formats, support for MT5 and TradeLocker, published payout schedules and profit splits, and a stated approach to country restrictions. Set against this, FundedElite has no conventional broker regulation, does not accept real deposits, makes payouts conditional on strict rule compliance, and concentrates its disclosures on product details rather than regulatory compliance.
FundedElite status and programme-based protections
FundedElite states in its public questions that it operates without regulation. Its terms also say it neither executes orders on markets nor accepts real client deposits, and that it does not provide investment advice. This places the firm outside the usual retail-broker framework. Safety instead rests on understanding and accepting the programme rules, payout conditions and country restrictions before signing up, rather than on regulatory protections.
FundedElite challenge options, costs, MT5 and TradeLocker
The public questions describe one-step and two-step challenges, some with free retries, alongside a Lite two-step option and instant-funded offers. Account sizes vary by programme. Challenge pages identify MT5 and TradeLocker as supported platforms. Published conditions include profit targets, maximum loss limits, profit splits, leverage and payout frequency. There is no single minimum deposit comparable with a conventional broker; costs instead vary by programme and challenge.
Rise payouts under FundedElite instant-funded conditions
Payouts use Rise, with cryptocurrency available for some programmes. FundedElite warns that fees may be deducted from payout amounts. For instant-funded products, the initial profit split starts at 70%, then changes for later payouts according to the split chosen by the trader. This is not a standard deposit-and-withdrawal arrangement: payouts depend on programme compliance and eligibility.
FundedElite country restrictions and platform access
FundedElite identifies restricted countries and applies limitations to certain jurisdictions or platforms for some accounts. Access is not universal, so traders should confirm availability and consider local legal, platform and payment restrictions before signing up.
When a different provider may be more suitable
Traders looking for a conventional broker may prefer regulated retail brokers with clear licensing, client-fund protections and tailored onboarding rules. Those seeking a prop-style evaluation programme can compare FundedElite with other challenge firms by considering payout policies, drawdown limits, platform choices, and how breaches or retries are handled.
Alternatives to FundedElite
| Broker | Comparison score | Regulator signals | Platforms | Why compare | Review |
|---|---|---|---|---|---|
 Alpha Capital Group | 52 | UK Companies House (corporate registration only); no FCA authorization verified in the reviewed sources | MetaTrader 5, cTrader, DX Trade | Readers comparing prop-firm style operators, Traders who want clearly listed platform options, Users who value publicly documented payout/ru | Alpha Capital Group review |
 Funding Frontier | 47 | Not authorized or regulated by the Central Bank of the UAE, Not authorized or regulated by the Securities and Commodities Authority (SCA), Not authorized or regulated by the Dubai Financial Services Authority (DFSA) | cTrader, Match-Trader, DX Trade | Readers specifically comparing prop-firm style evaluation programs, Traders who want clear platform choices and public rule pages, Users who | Funding Frontier review |
 City Traders Imperium | 45.5 | No verified major retail-broker authorization found in current public sources reviewed. | MetaTrader 5 (MT5), Match-Trader | Readers specifically comparing proprietary trading firms, Traders who want MT5 or Match-Trader access within a funded-account program, Users | City Traders Imperium review |
 Toptier Trader | 41 | No clear public evidence found | MatchTrader, MetaTrader 5, A-Trader | Readers comparing prop-firm-style challenge models, Users who want publicly posted rules and payout-policy pages, Traders interested in Matc | Toptier Trader review |
| 41 | No clear public evidence found | Breakout Terminal, web app, mobile app | Traders specifically looking for crypto prop-trading evaluations, Users who want a public ruleset and on-demand payout framing, Readers comp | Breakout review |
Alternatives are sorted by the TopOnlineForexBrokers comparison score as of July 2, 2026. The score is not a safety guarantee.
Common questions
Is FundedElite a regulated forex broker?
No. According to its FAQ, FundedElite does not operate under any regulatory framework and should not be considered a regulated retail broker.
Is FundedElite safe?
No trading program is without risk. Here, the main safety concerns are the lack of regulation, the complex challenge rules, and the fact that payouts depend on meeting strict program conditions.
What platforms does FundedElite offer?
FundedElite supports MetaTrader 5 and TradeLocker, as stated in its public FAQ pages.
What is FundedElite’s minimum deposit?
There is no standard minimum deposit like a usual broker. Instead, costs vary by challenge program and account type.
How do withdrawals work?
Payouts are processed through Rise and sometimes cryptocurrency. Fees may be deducted from payouts, and timing depends on the specific account rules.
Does FundedElite accept real money deposits?
No. FundedElite’s terms specify that it does not accept real deposits, reinforcing its status as a prop-style funded trading program.
Can traders in every country use FundedElite?
No. The company publishes a list of restricted countries, so traders should confirm availability and local restrictions before applying.
Sources for this prop-firm review
Challenge rules and payout terms can change. Recheck the operating company and current agreement before paying a fee.