Brand new firm, live since April 2026. Eleonex offers three models: Instant (Ignite, one flavor), 1-Step (Pulse Core, Pulse Flex, Forge Core, Forge Flex), and 2-Step (Forge Core, Forge Flex, Forge Prime), plus the Velocity discount challenge covered below. This page is being built out actively, several open questions are sitting with Eleonex support right now, see the note in the sidebar.
"Flex" branding means two things change together: flatter leverage, and a softer news rule
Across the whole lineup, every Flex-named account shares identical daily and max loss percentages with its non-Flex counterpart, drawdown budget isn't what the name is about. What actually changes is leverage (see above) and what happens around high-impact news once funded. Core and Prime variants ban trading outright in a 6-minute window (3 minutes before and after a red-folder event, per ForexFactory), and trading inside it isn't a soft rule violation, it's an Eleonex Edge soft breach, the same permanent leverage cut and 50% split penalty as tripping the open-risk threshold, see above. Flex variants instead allow opening a trade in that same window, but the trade must stay open at least 2 minutes to count, otherwise the profit is stripped while any loss still stands, no Edge trigger either way. Flex's own product description frames this as built for "longer holding periods" and swing-style trading, that framing is backed by two real mechanics, not just marketing language.
Across the whole lineup, every Flex-named account shares identical daily and max loss percentages with its non-Flex counterpart, drawdown budget isn't what the name is about. What actually changes is leverage (see above) and what happens around high-impact news once funded. Core and Prime variants ban trading outright in a 6-minute window (3 minutes before and after a red-folder event, per ForexFactory), and trading inside it isn't a soft rule violation, it's an Eleonex Edge soft breach, the same permanent leverage cut and 50% split penalty as tripping the open-risk threshold, see above. Flex variants instead allow opening a trade in that same window, but the trade must stay open at least 2 minutes to count, otherwise the profit is stripped while any loss still stands, no Edge trigger either way. Flex's own product description frames this as built for "longer holding periods" and swing-style trading, that framing is backed by two real mechanics, not just marketing language.
Almost no independent track record exists yet
Eleonex has close to no reviews on Trustpilot, not a low rating, just a near-empty review count, which for a firm actively running paid challenges and a promotional discount funnel is itself notable. Coverage from other trading-industry publications exists but reads generic, the kind of write-up that could describe almost any prop firm without changing much beyond the name. Between the missing reviews and the thin, interchangeable coverage, there's currently no real independent way to check how Eleonex actually operates day to day, everything on this page is built from the company's own documents and marketing.
Eleonex has close to no reviews on Trustpilot, not a low rating, just a near-empty review count, which for a firm actively running paid challenges and a promotional discount funnel is itself notable. Coverage from other trading-industry publications exists but reads generic, the kind of write-up that could describe almost any prop firm without changing much beyond the name. Between the missing reviews and the thin, interchangeable coverage, there's currently no real independent way to check how Eleonex actually operates day to day, everything on this page is built from the company's own documents and marketing.
"Eleonex Edge" is the open-risk rule, and the first violation permanently guts both your leverage and your split
Eleonex names its open-risk mechanism: all open positions get automatically closed by the risk management system once combined floating loss reaches a threshold . That threshold isn't one fixed number firm-wide, confirmed at 2% on evaluation-based products (1-Step, 2-Step) but tighter, 1%, on Instant (Ignite) accounts. The first trigger is a "soft breach," the account survives, but leverage is permanently cut (Evaluation: FX 1:50, Indices/Commodities/Metals 1:10, Crypto 1:2; Funded: FX 1:25, Indices/Commodities/Metals 1:10, Crypto 1:2) and, on a funded account, the reward split is permanently reduced to 50%. Eleonex's own wording: "The Eleonex Edge is a one-time threshold. Once it has been reached, it remains in effect for the remainder of the account and cannot be reversed or reset." A second trigger is a "severe breach" and permanent account termination. The floating-loss threshold isn't the only way to trip it either: on Core and Prime products, simply trading inside the restricted news window (see below) is itself a soft-breach trigger, same permanent leverage cut, same permanent split cut to 50%, no floating loss required at all.
Eleonex names its open-risk mechanism: all open positions get automatically closed by the risk management system once combined floating loss reaches a threshold . That threshold isn't one fixed number firm-wide, confirmed at 2% on evaluation-based products (1-Step, 2-Step) but tighter, 1%, on Instant (Ignite) accounts. The first trigger is a "soft breach," the account survives, but leverage is permanently cut (Evaluation: FX 1:50, Indices/Commodities/Metals 1:10, Crypto 1:2; Funded: FX 1:25, Indices/Commodities/Metals 1:10, Crypto 1:2) and, on a funded account, the reward split is permanently reduced to 50%. Eleonex's own wording: "The Eleonex Edge is a one-time threshold. Once it has been reached, it remains in effect for the remainder of the account and cannot be reversed or reset." A second trigger is a "severe breach" and permanent account termination. The floating-loss threshold isn't the only way to trip it either: on Core and Prime products, simply trading inside the restricted news window (see below) is itself a soft-breach trigger, same permanent leverage cut, same permanent split cut to 50%, no floating loss required at all.
"Velocity" is a real, active product, unlinked from the main site
It isn't in the navigation, the help center, the Terms of Use, or the Terms and Conditions anywhere. We only found it because Eleonex's own official YouTube channel posted a video titled "Faysal's $3,000 Payout Story & The Truth About Eleonex," framed as a trader interview, that spends roughly half its runtime pitching Velocity: a one-time-per-trader offer hosted on its own subdomain (promo.eleonex.com), not eleonex.com itself. Strip away the "prove your ability" language and the real pitch is plain: you don't trust us yet, so here's a real challenge for free or 90% cheaper, so we can earn that trust. That's an ordinary customer-acquisition offer, nothing wrong with it on its own. The muddle is that Eleonex wraps it in skill-test language the mechanic doesn't back up, hit 2% inside 14 days with no minimum trading days and no maximum drawdown, and nothing stops a trader from sizing up hard and swinging for it in a single session. Read as a cheap trial, Velocity makes sense. Read as the ability test the pitch claims it is, it doesn't. Starting is confirmed free ($0), requires picking a challenge type and size upfront, and only 1-Step and 2-Step are offered, no Instant/Ignite option exists. Because no legal document covers Velocity at all, we can't confirm whether the Eleonex Edge mechanic or the forbidden-practices list even apply during a run. Taken on those terms, the 2% target is really just a game to get people signed up and let them poke around the platform, and there's a genuine benefit on the other side of it, a real discount toward an actual challenge, not a hollow reward. We traded it ourselves on a $100,000 Velocity account (ETH and BTC, 2.1% profit), and the account locked immediately on hitting the target, dashboard confirmation right away, followed by an email about 10 minutes later saying the review takes "up to 24 hours" before the discount code is issued. That test also settles the "up to 90%" question from the CEO's video: it isn't a flat 90% at all, the actual reward is 90% off a 2-Step challenge or 70% off a 1-Step challenge, your choice, confirmed directly from Eleonex's own reward screen. The CEO's on-camera claim of a flat "90% across all challenges" doesn't hold up against Eleonex's own numbers, and the video was already 13 days old at the time we tested this. We asked Eleonex support directly about the gap, and they confirmed it rather than disputed it: "the promotion has changed since [the video was published]... we've still kept the 90% discount on all 2-Step Challenges, while the offers on other account types have been updated." So this isn't a case of us misreading the promo page, Eleonex's own support is confirming the CEO's number is simply out of date.
It isn't in the navigation, the help center, the Terms of Use, or the Terms and Conditions anywhere. We only found it because Eleonex's own official YouTube channel posted a video titled "Faysal's $3,000 Payout Story & The Truth About Eleonex," framed as a trader interview, that spends roughly half its runtime pitching Velocity: a one-time-per-trader offer hosted on its own subdomain (promo.eleonex.com), not eleonex.com itself. Strip away the "prove your ability" language and the real pitch is plain: you don't trust us yet, so here's a real challenge for free or 90% cheaper, so we can earn that trust. That's an ordinary customer-acquisition offer, nothing wrong with it on its own. The muddle is that Eleonex wraps it in skill-test language the mechanic doesn't back up, hit 2% inside 14 days with no minimum trading days and no maximum drawdown, and nothing stops a trader from sizing up hard and swinging for it in a single session. Read as a cheap trial, Velocity makes sense. Read as the ability test the pitch claims it is, it doesn't. Starting is confirmed free ($0), requires picking a challenge type and size upfront, and only 1-Step and 2-Step are offered, no Instant/Ignite option exists. Because no legal document covers Velocity at all, we can't confirm whether the Eleonex Edge mechanic or the forbidden-practices list even apply during a run. Taken on those terms, the 2% target is really just a game to get people signed up and let them poke around the platform, and there's a genuine benefit on the other side of it, a real discount toward an actual challenge, not a hollow reward. We traded it ourselves on a $100,000 Velocity account (ETH and BTC, 2.1% profit), and the account locked immediately on hitting the target, dashboard confirmation right away, followed by an email about 10 minutes later saying the review takes "up to 24 hours" before the discount code is issued. That test also settles the "up to 90%" question from the CEO's video: it isn't a flat 90% at all, the actual reward is 90% off a 2-Step challenge or 70% off a 1-Step challenge, your choice, confirmed directly from Eleonex's own reward screen. The CEO's on-camera claim of a flat "90% across all challenges" doesn't hold up against Eleonex's own numbers, and the video was already 13 days old at the time we tested this. We asked Eleonex support directly about the gap, and they confirmed it rather than disputed it: "the promotion has changed since [the video was published]... we've still kept the 90% discount on all 2-Step Challenges, while the offers on other account types have been updated." So this isn't a case of us misreading the promo page, Eleonex's own support is confirming the CEO's number is simply out of date.
| Velocity at a Glance | |
|---|---|
| Trial Period | 14 days max |
| Profit Target | 2% |
| Minimum Trading Days | None |
| Daily Loss Limit | None |
| Consistency Rule | None |
| Cost to Start | Free ($0) |
| Reward on Pass | Confirmed firsthand: 90% off a 2-Step challenge or 70% off a 1-Step challenge, your choice, not the flat 90% the CEO stated on camera |
Leverage drops hard the moment you're funded, except on "Flex"-branded products
Pulse Core and every Forge account (Core, Flex, and Prime on 2-Step, Core on 1-Step) run the same pattern: FX leverage drops from 1:100 during evaluation to 1:50 once funded, Indices and Commodities from 1:25 to 1:10, Metals from 1:25 to 1:10, crypto stays flat at 1:2 throughout. Both Flex products (Pulse Flex and 1-Step Forge Flex) break that pattern, their own published leverage tables state one flat set explicitly applying "during both the Evaluation and Funded phases" (FX 1:30, Indices/Commodities/Metals 1:10, Crypto 1:2), closer to the other products' funded-stage numbers than their evaluation-stage ones. Ignite runs the same flat set too, for the obvious reason that it has no evaluation phase at all. Worth checking which family a product belongs to before assuming evaluation-phase leverage carries over once funded.
Pulse Core and every Forge account (Core, Flex, and Prime on 2-Step, Core on 1-Step) run the same pattern: FX leverage drops from 1:100 during evaluation to 1:50 once funded, Indices and Commodities from 1:25 to 1:10, Metals from 1:25 to 1:10, crypto stays flat at 1:2 throughout. Both Flex products (Pulse Flex and 1-Step Forge Flex) break that pattern, their own published leverage tables state one flat set explicitly applying "during both the Evaluation and Funded phases" (FX 1:30, Indices/Commodities/Metals 1:10, Crypto 1:2), closer to the other products' funded-stage numbers than their evaluation-stage ones. Ignite runs the same flat set too, for the obvious reason that it has no evaluation phase at all. Worth checking which family a product belongs to before assuming evaluation-phase leverage carries over once funded.
Copy trading and EA use looked contradictory on paper, support cleared it up directly
Every product's own "EA & Copy Trading" clause permits copying between your own Eleonex accounts, with an Eleonex account only allowed to act as the master to an external slave account. Separately, each product's Forbidden Practices list independently bans "commercially available... signal services, copy trading systems... specifically designed or marketed to pass proprietary trading evaluations," which reads different in scope from the own-account permission next to it. We put both the EA question and the copy-trading question to support directly, and got clear answers on each. On EAs: "Our policy is that EAs can be used, provided they receive prior approval from our team and comply with all of our trading rules. What is not permitted are commercially available EAs, copy trading systems, signal services, or similar strategies that are specifically created or marketed to bypass or pass proprietary trading evaluations." So EAs are allowed generally, with prior approval required, the forbidden-practices clause is narrowly about tools built to game an evaluation, not automation itself. On copy trading: "our policy is that it is only permitted when the Eleonex account is the master account. Using an Eleonex account as a slave account that mirrors trades from another account is not permitted," confirming the own-account, master-only reading. Support also confirmed read-only API connections, monitoring dashboards, analytics, services like Myfxbook, are fine, since they don't place, modify, or close trades. Worth noting: an Eleonex account acting as a master that an external slave account copies from isn't something Eleonex can actually detect or control from its side, so the "yes" here is really "we allow what we have no way to police anyway."
Every product's own "EA & Copy Trading" clause permits copying between your own Eleonex accounts, with an Eleonex account only allowed to act as the master to an external slave account. Separately, each product's Forbidden Practices list independently bans "commercially available... signal services, copy trading systems... specifically designed or marketed to pass proprietary trading evaluations," which reads different in scope from the own-account permission next to it. We put both the EA question and the copy-trading question to support directly, and got clear answers on each. On EAs: "Our policy is that EAs can be used, provided they receive prior approval from our team and comply with all of our trading rules. What is not permitted are commercially available EAs, copy trading systems, signal services, or similar strategies that are specifically created or marketed to bypass or pass proprietary trading evaluations." So EAs are allowed generally, with prior approval required, the forbidden-practices clause is narrowly about tools built to game an evaluation, not automation itself. On copy trading: "our policy is that it is only permitted when the Eleonex account is the master account. Using an Eleonex account as a slave account that mirrors trades from another account is not permitted," confirming the own-account, master-only reading. Support also confirmed read-only API connections, monitoring dashboards, analytics, services like Myfxbook, are fine, since they don't place, modify, or close trades. Worth noting: an Eleonex account acting as a master that an external slave account copies from isn't something Eleonex can actually detect or control from its side, so the "yes" here is really "we allow what we have no way to police anyway."
Hedging is banned even within the same account, and Martingale is banned outright, with no threshold for either
Eleonex's own Forbidden Practices list is explicit: "Hedging positions within the same trading account, between accounts owned by the same trader, or between accounts owned by different traders... regardless of position size" is prohibited. That's a real outlier, every other firm reviewed on this site (BrightFunded, AquaFunded, FundedNext) explicitly allows hedging within a single account and only restricts the cross-account version. We asked support directly whether that means offsetting risk by selling into an open buy position, or vice versa, is disallowed: "That's right, that is not allowed (Hedging)," confirmed in plain terms, no ambiguity left on this one. It also creates a real conflict with the firm's own "Eleonex Edge" open-risk rule above: a partial hedge is one of the standard ways a trader actively manages down floating exposure in real time, and Eleonex bans the one tool that would do that, while separately punishing the floating loss it can no longer be used to control. Martingale, anti-Martingale, and grid recovery systems are banned outright too, with no numeric threshold given for what counts as "systematically increases position size after losses," a stricter stance than firms like BrightFunded, which allows Martingale explicitly.
Eleonex's own Forbidden Practices list is explicit: "Hedging positions within the same trading account, between accounts owned by the same trader, or between accounts owned by different traders... regardless of position size" is prohibited. That's a real outlier, every other firm reviewed on this site (BrightFunded, AquaFunded, FundedNext) explicitly allows hedging within a single account and only restricts the cross-account version. We asked support directly whether that means offsetting risk by selling into an open buy position, or vice versa, is disallowed: "That's right, that is not allowed (Hedging)," confirmed in plain terms, no ambiguity left on this one. It also creates a real conflict with the firm's own "Eleonex Edge" open-risk rule above: a partial hedge is one of the standard ways a trader actively manages down floating exposure in real time, and Eleonex bans the one tool that would do that, while separately punishing the floating loss it can no longer be used to control. Martingale, anti-Martingale, and grid recovery systems are banned outright too, with no numeric threshold given for what counts as "systematically increases position size after losses," a stricter stance than firms like BrightFunded, which allows Martingale explicitly.
Belgrade-registered, and Serbia is on its own restricted-countries list
Eleonex d.o.o. is registered at Kralja Milana 6/1, 11000 Belgrade, Serbia, subject to Serbian AML/KYC law (identity verification, minimum 10-year record retention, reporting to Serbia's Administration for the Prevention of Money Laundering). Its own Terms and Conditions list Serbia itself in Appendix A's Restricted Countries, a Belgrade-registered firm technically barring its own home country's residents from using its service. Self-excluding a home jurisdiction isn't unusual on its own, plenty of firms do it for tax or trading-regulation reasons, and disclose exactly why. Neither explanation holds up here: Serbia taxes worldwide income with no foreign-revenue carve-out, so there's no tax incentive to exclude domestic clients, and Serbia is comparatively permissive on prop trading within the region, so it isn't a trading-regulation issue either. Only a small number of firms restrict Serbia at all, and the few that do are all foreign to it, blocking it the same way they'd block any other jurisdiction, not excluding their own home country. Our working theory, not confirmed by Eleonex: consumer protection. Serbia has real teeth on cancellation and refund rights, and Eleonex's own refund policy is "credited to funded account balance on pass," not a cash refund on failure, a structure that gets harder to defend domestically, where a local regulator has actual enforcement reach, than it does with foreign customers who have comparatively little recourse. Combined with Serbia likely being a small share of their client base, excluding it may simply not be worth the legal complexity, which would also explain why it's nowhere explained: that's not the kind of reasoning a firm puts in its own Terms.
Eleonex d.o.o. is registered at Kralja Milana 6/1, 11000 Belgrade, Serbia, subject to Serbian AML/KYC law (identity verification, minimum 10-year record retention, reporting to Serbia's Administration for the Prevention of Money Laundering). Its own Terms and Conditions list Serbia itself in Appendix A's Restricted Countries, a Belgrade-registered firm technically barring its own home country's residents from using its service. Self-excluding a home jurisdiction isn't unusual on its own, plenty of firms do it for tax or trading-regulation reasons, and disclose exactly why. Neither explanation holds up here: Serbia taxes worldwide income with no foreign-revenue carve-out, so there's no tax incentive to exclude domestic clients, and Serbia is comparatively permissive on prop trading within the region, so it isn't a trading-regulation issue either. Only a small number of firms restrict Serbia at all, and the few that do are all foreign to it, blocking it the same way they'd block any other jurisdiction, not excluding their own home country. Our working theory, not confirmed by Eleonex: consumer protection. Serbia has real teeth on cancellation and refund rights, and Eleonex's own refund policy is "credited to funded account balance on pass," not a cash refund on failure, a structure that gets harder to defend domestically, where a local regulator has actual enforcement reach, than it does with foreign customers who have comparatively little recourse. Combined with Serbia likely being a small share of their client base, excluding it may simply not be worth the legal complexity, which would also explain why it's nowhere explained: that's not the kind of reasoning a firm puts in its own Terms.
Forbidden-practices list is long, detailed, and names Martingale and All-or-Nothing without defining either precisely
Martingale, anti-Martingale, and grid recovery systems are explicitly banned ("any strategy that systematically increases position size after losses in an attempt to recover previous losses"), and so is "All-or-Nothing trading, where a single trade or a series of highly correlated trades places the account at an unreasonable risk of failure." Neither comes with a number. Scaling into a loss is common practice for plenty of disciplined day traders and isn't automatically Martingale, but nothing in either document draws that line. We've asked support directly where it sits; no answer yet. High-frequency trading is also banned, and this one does come with a number: 2 minutes per position, matching the same hold-time floor used in the news-trading rule above.
Martingale, anti-Martingale, and grid recovery systems are explicitly banned ("any strategy that systematically increases position size after losses in an attempt to recover previous losses"), and so is "All-or-Nothing trading, where a single trade or a series of highly correlated trades places the account at an unreasonable risk of failure." Neither comes with a number. Scaling into a loss is common practice for plenty of disciplined day traders and isn't automatically Martingale, but nothing in either document draws that line. We've asked support directly where it sits; no answer yet. High-frequency trading is also banned, and this one does come with a number: 2 minutes per position, matching the same hold-time floor used in the news-trading rule above.
The payout process itself is barely documented anywhere
Both the Terms of Use and the Terms and Conditions describe the risk rules in real detail (leverage tables, drawdown mechanics, forbidden-practice lists spanning pages), but neither says much about how a reward request is actually reviewed, verified, or paid out beyond "distributed on a weekly basis" and a raw 80/20 split. No documented review timeline, no documented verification step, no documented denial process. We've asked Eleonex support directly whether a separate payout-specific document exists; no answer yet. This section will get filled in once that lands, until then, treat the payout mechanics as unconfirmed rather than assume the raw split is the whole story.
Both the Terms of Use and the Terms and Conditions describe the risk rules in real detail (leverage tables, drawdown mechanics, forbidden-practice lists spanning pages), but neither says much about how a reward request is actually reviewed, verified, or paid out beyond "distributed on a weekly basis" and a raw 80/20 split. No documented review timeline, no documented verification step, no documented denial process. We've asked Eleonex support directly whether a separate payout-specific document exists; no answer yet. This section will get filled in once that lands, until then, treat the payout mechanics as unconfirmed rather than assume the raw split is the whole story.
Scaling exists, but it's a discretionary, multi-month process, not an automatic ladder
The published Scaling Framework tables look automatic (hit a balance, get a target, repeat up to $300K on 1-Step or 2-Step, $100K on Ignite), but eligibility itself is fully discretionary: a mandatory uninterrupted 3-month rolling trading period regardless of how fast the profit target is hit, at least 2 completed reward withdrawals first, a positive balance at the time of scale-up, and passing Eleonex's own "internal compliance and performance review process, at Eleonex's sole and absolute discretion." The table is real, but getting onto it isn't automatic.
The published Scaling Framework tables look automatic (hit a balance, get a target, repeat up to $300K on 1-Step or 2-Step, $100K on Ignite), but eligibility itself is fully discretionary: a mandatory uninterrupted 3-month rolling trading period regardless of how fast the profit target is hit, at least 2 completed reward withdrawals first, a positive balance at the time of scale-up, and passing Eleonex's own "internal compliance and performance review process, at Eleonex's sole and absolute discretion." The table is real, but getting onto it isn't automatic.
