The drawdown levels in Eleven Funding are as follows:
• The maximum total loss allowed is 10%.
• The maximum daily drawdown permitted is 5%.

Our maximum drawdown is static, meaning that it remains constant regardless of your account balance fluctuations. The maximum allowable drawdown is set at 10% of the initial account balance. Consequently, your account balance or equity should never fall below 90% of the initial balance throughout your entire trading journey to ensure compliance with our rules. For instance, if you have a $100,000 account, your maximum allowable loss is $10,000. Even if your account balance increases to $110,000 due to profits, your drawdown limit remains at $90,000. Therefore, as long as your balance or equity (whichever is lower) remains above $90,000, you will not violate the overall drawdown rule.

There are no ongoing fees to use the platform.

We are partnered with Eightcap as our broker to offer industry leading spreads and commissions for traders. To simulate trading conditions we include their commissions and optimized market conditions including spreads.  

Here: https://www.eightcap.com/en/trading-platforms/metatrader-4/download-metatrader-4-platform/

Once you transition to a live funded trader, you must engage in trading with us for a minimum of 30 days to qualify for your initial payout. After that, you can request bi-weekly payouts.

No, Eleven Funding does not impose any time constraints on the assessment stage. Therefore, traders have an unlimited duration to successfully complete the challenge.

There are no profit targets required to be reached on the live funded account. However, the account must end in a positive balance at the end of the 30-day trading period to make a withdrawal.

Yes, you are allowed to use EA’s and indicators, including tools for managing risk and automated trading systems. However, certain strategies are strictly prohibited in the funded stage:

-High-frequency trading (manually or using a bot)

-Hedge arbitrage trading

-Tick scalping

-Grid Trading

-Martingale

-One-sided betting

-Latency arbitrage trading

-Reverse arbitrage trading

-Copying trades from other traders

If any of these strategies are detected in your live account, it will be considered a violation of the rules and Eleven Funding will terminate your account. 

The purpose of the evaluation is for us to make sure that you are a consistent trader without any capital risk. As our evaluation is set up to test your trading without risking capital, you cannot withdraw profits on this phase.

Eleven Funding was founded by experienced traders and liquidity risk managers. We see $200.000 as an optimal maximum amount of capital before excess levels of slippage and poor trade conditions not suited to retail traders will set in.

We classify our live traders as independent contractors. As such you invoice us for your earnings and must report this yourself to your relevant tax authority.

While we recommend that your account be registered in your name for ease of use and better customer support, it is not mandatory. Since we do not require Know Your Customer (KYC) verification and operate primarily through cryptocurrency p ayments, having the account in your own name is not a strict requirement. You can choose to use a different name if you prefer. However, please note that using your real name can enhance the overall experience and efficiency of our services.

Yes, traders are allowed to trade news. We would recommend being careful and using proper risk management.

Yes our program allows for weekend and overnight holding of trades.

Copying the trades of other users is not permitted. While you can use trade copiers to duplicate your own trades onto your Eleven Funding account, please exercise caution to avoid inadvertently mirroring other clients' trades. Your Eleven Funding account can either act as the primary account or receive trades from your other accounts.

However, it's essential to ensure that you do not place identical orders simultaneously with other traders on our platform. This situation can arise when using common Expert Advisors (EAs), account management services, or third-party signals. If our system detects consecutive identical orders from two or more users, it is considered a violation of our policies. This rule holds particular importance during the funded trading stage. Although EAs are allowed, we strongly recommend using a unique set of parameters or confirming that no other traders are using the same EA on our servers. This precaution helps prevent our system from flagging duplicate orders.

As we are evaluating the trading of individuals you are solely responsible for your account login details. If you share account passwords with others it will violate our terms and conditions and as such it is not permitted.

Currently, we exclusively accept payments through cryptocurrency. This method allows for a more streamlined and secure transaction process, catering to our tech-savvy customer base and ensuring privacy and efficiency in all financial dealings. Please ensure you are familiar with cryptocurrency transactions before making a p ayment.

The profit target in the challenge stage is 10%

Eleven Funding offers accounts with 1:100 leverage.

We apply 25% profit consistency rule in the live stage. To satisfy the Consistency Rule no single trade can account for 25% or more of your total Required Return or total Target Return. 

You can expect to receive your account login information within 5 minutes of your payment. Upon the successful creation of your account, you will be notified via email. If you do not locate our email in your inbox, kindly check your spam/junk folder.

Certainly, as an acknowledgment of your expertise and accomplishment, Eleven Funding  will provide you with a certificate.

No, you do not need to undergo a Know Your Customer (KYC) process before beginning the live phase. As our operations are based on cryptocurrency p ayments, KYC is not required. This approach allows for full privacy, ensuring a seamless and more private experience for our users. You can start the live phase immediately without any additional verification processes.

No, Eleven Funding does not offer refund upon withdrawal