When you pass, your account is upgraded once every rule was respected and your KYC is approved. Elite creates the funded account the moment you pass, with no activation fee. After the upgrade you sign the funded trader contract.
KYC rules
KYC is done in your dashboard and verified by Veriff.
It must be done by the person who bought the account and trades it, not a friend or family member.
KYC is reviewed every time an account is upgraded. If two or more people are involved, the account is breached.
If Veriff can't accept your document, the upgrade waits until you provide one it supports.