Summary
The Elite Plan is MegaTrader’s single-phase evaluation designed to test traders under real-time risk parameters. Using a live Intraday Trailing Drawdown and strict performance goals, this plan is built for traders who value precision, short-term setups, and risk discipline. Once the challenge is passed, traders transition to a Simulated Funded Account with payout access.
How the Elite Challenge Works
Traders choose from four available account sizes. Each comes with preset trading objectives and limits that must be followed exactly:
Account Size | Profit Target | Intraday Trailing Drawdown | Max Position Size |
$25,000 | $1,500 | $1,000 | 1 Contract / 10 Micros |
$50,000 | $3,000 | $2,000 | 5 Contracts / 50 Micros |
$100,000 | $6,000 | $3,000 | 10 Contracts / 100 Micros |
$150,000 | $9,000 | $4,500 | 15 Contracts / 150 Micros |
The Intraday Trailing Max Drawdown adjusts upward as your account reaches new highs. If your real-time balance drops below this level during the session, the account fails immediately.
Subscription Terms
The Elite Plan runs on a monthly recurring subscription:
Automatically renews every 30 days until canceled
Failed accounts reset at renewal
Active accounts continue without resetting
Canceled subscriptions cannot be reactivated
Billing may occur 2 days after or 3 days before the previous date
Once the challenge is passed and the Simulated Funded Account is activated, the subscription ends automatically
Passing the Challenge & Activations
A $125 one-time activation fee is required after passing
You’ll receive an email notification 1–3 hours after market close
You must activate the Sim Funded account within 48 hours
Your subscription must be active at the time of passing — pending or canceled subscriptions are ineligible
Reset Credits
Using a Reset Credit:
Does not change your subscription billing date
Fully resets account balance and rules
Allows you to continue under the same subscription
Need Help?
Questions about the Elite Plan or your account? Contact [email protected] or message us using live chat inside your MegaTrader dashboard.