FAQS
Frequently Asked Questions
Have any questions? We’re here to assist you.
Your Maximum Drawdown limit is calculated as a static value off the beginning simulated capital deposited into your trading accounts and evaluations
The Daily Drawdown limit is calculated as a percentage of the previous ending day’s equity. This means that if you end higher or lower than the previous day, you will have the same % Drawdown, but a different $ amount.
The Daily Drawdown limit is calculated as a percentage of the previous ending day’s equity. This means that if you end higher or lower than the previous day, you will have the same % Drawdown, but a different $ amount.
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.
At Eleven Funding, we utilize our in-house tech trading platform and receive real-time market data from trusted third-party providers. This allows us to offer competitive spreads and commissions, simulating actual market conditions to provide an optimal trading experience for our users.
Once you transition to a live funded trader, you can request a payout from your simulated profit after 2 weeks. After this initial period, you may continue to 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 for a live funded account. However, the account must end in a positive balance at the end of the 2-week trading period to be eligible for a withdrawal.
As Eleven Funding operates an in-house trading platform, it supports only manual trading. Automated trading systems, including Expert Advisors (EAs), are not permitted. The platform allows you to enter trades at market price, place pending orders, modify orders, and partially close positions.
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. However, we strongly recommend exercising caution and employing proper risk management. Please note that any trades resulting in profit due to platform lag during periods of high market volatility will not be counted.
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.
It is important to ensure that you do not place identical orders simultaneously with other traders on our platform. This can occur when using account management services or third-party signals. If our system detects consecutive identical orders from two or more users, it will be considered a violation of our policies. This rule is particularly important during the funded trading stage.
It is important to ensure that you do not place identical orders simultaneously with other traders on our platform. This can occur when using account management services or third-party signals. If our system detects consecutive identical orders from two or more users, it will be considered a violation of our policies. This rule is particularly important during the funded trading stage.
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.
No, there is no consistency rule.
You can expect to receive your account login details within 1 hour of your payment, depending on the blockchain confirmation. Once your account is successfully created, you will be notified via email. If you do not find the email in your inbox, please check your spam or 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
