Below, in this review, we go over pros and cons of Earn2Trade and will talk about standout features, different challenges, and how Earn2Trade stands against other firms in the market. Whether you are a complete novice trying to educate yourself in this field or an experienced trader willing to get funded, this review will help you make the right choice about Earn2Trade.
Features of Earn2Trade
Earn2Trade is a prop firm offering traders a route to managing capital by completing their respective trading evaluation programs. Key highlights of Earn2Trade include:
Educational Resources
Earn2Trade has a strong emphasis on the education of traders, where they complete training through webinars, video lessons, even to courses for traders’ betterment.
Trader Career Path
With this on offer, it simply means that the trader will be able to scale his account progressively with each consistent success, thereby having opportunities to manage larger and larger amounts of capital.
Flexible Evaluation
Traders can choose between different sizes of accounts that best suit their trading preferences, ranging from $25,000 to $200,000.
No Time Limit on Funded Accounts
Once funded, traders do not have stress to meet profit targets within a certain timeline; therefore more freedom in trading.
Custom Risk Management
Earn2Trade has simple risk management rules such as daily loss limit, maximum drawdown and scaling plan to support trader discipline.
Trading Platforms
Trading via Earn2Trade involves multi-platform support; this includes but is not limited to NinjaTrader and R|Trader Pro, a factor that shall prove sufficient for traders who prefer certain tools over others.
Customer Support
The company has very responsive customer service that would also offer mentorship in case a trader required help with any aspect during the review process.
Pros of Earn2Trade Prop Firm
Free Trading Platforms & Analytics
The traders will be provided with free-of-cost trading platforms along with advanced analytics tools. These kinds of tools will surely help to make better decisions while trading and allow traders to maximize their strategies.
Access to CME: Earn2Trade can provide access to the world’s largest futures exchange, the Chicago Mercantile Exchange, for trading. This exposes them to a wide variety of futures contracts along with several trading opportunities.
Distribution of Profit
Earn2Trade keeps an 80/20 profit split wherein traders retain 80% of the profit, while the firm takes 20% because it provides the trading capital. In this manner, the profit-sharing model gives traders the ability to maximize their revenues.
Affiliate Program
It is offering an affiliate program that lets the traders earn a profit by referring to people. Various commissions structure is available that gives more income opportunities than trading.
Payouts on Profits
It allows withdrawal of 80 percent of his profit to a trader. It will keep a nice amount in the pocket and the remaining 20 percent will go to the company for capital
Sizes of Funded Accounts
With Earn2Trade, there are up to $200,000 funded accounts on offer, so essentially, one has great capital to work with and grow their portfolio by continued trading.
Quick Funding Option
Traders will have an opportunity to receive funding as quick as 15 days with a streamlined evaluation process and start trading with firm capital.
Customer Support
The support from Earn2Trade is available and transparent to clients in the resolution of problems and ensuring seamless usage of the trading platform.
Educational Resources
The prop firm provides training materials in video format, webinars, and tutorials that shall assist traders, both beginners and professionals, in perfecting their skills and strategies.
Minimized Financial Risk
The traders use Earn2Trade’s capital, meaning very little to no financial risk is involved on the personal level. If one has the right set of trading skills and performance, one can make huge profits with no risk of losing money from their pocket.
Cons of Earn2Trade Prop Firm
Funded Account Fees
Funded accounts have a $105 monthly fee per exchange the trader wants to trade on. That’s ongoing costs added onto the trading experience.
Strict Performance Monitoring
Earn2Trade does regular and strict performance monitoring of its traders. Failure to meet certain criteria leads to account closure or reduced funding.
Day Trading Only
Traders are limited to day trading. They cannot hold any positions overnight or longer, which restricts the usage of a certain kind of trading approach.
Instruments
Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy, Interest Rates Futures, Metals Futures.
Evaluation Metrics
To better score what Earn2Trade brings to the trading table, we decided to score each aspect of the Earn2Trade Challenge individually.
- Challenge difficulty: None of the funded account challenges are “easy”-after all, the idea is to filter out substandard traders and source excellence. What Earn2Trade offers in the Gauntlet, however, is flexibility-over-night positions, no daily loss limits-that would facilitate many traders.
- Customer Support: Similar to most of the prop firm platforms, Earn2Trade has four ways in which one can contact: WhatsApp, Telegram, Email, and internal Chat. The customer support is friendly and efficient; however, one wouldn’t mind a telephone number either.
- Cost: The Earn2Trade certainly isn’t the cheapest of the funded account challenges on the market: The Earn2Trade Bootcamp is $2,499. The Gauntlet Mini has a recurring subscription starting from $150, $170, $245, $315, or $350. The Gauntlet has a one-time fee of $429.
- Payout scheme: Earn2Trade has a very generous payout scheme and beneficial training materials for interested traders. For this reason, they score very high on this metric.
Frequently Asked Questions FAQs
What is Earn2Trade?
- Earn2Trade is a prop trading company that offers you the opportunity to trade using the company’s capital in return. Before trading with their capital, a trader has to be evaluated so that his or her trading skills and the risk management abilities can be tested. According to the results of this testing, successful traders get a fully funded trading account by the company, Earn2Trade. The trader will trade different financial instruments, such as stocks, forex, futures, etc., using the firm’s capital. The idea of proprietary trading firms, which Earn2Trade is one of those, is providing an opportunity for a trader to trade without risking one’s own capital. Instead, it will provide you trading with the firm’s capital and then divide the profit derived from successful trades with the trader.
What is Earn2Trade’s Profit Split?
- When you pass one of the Evaluations from Earn2Trade, you will be granted a live account. Funded accounts carry an 80/20 profit split for the trader.
How to get a funded account in earn2trade?
- To get a funded trading account, one must pass one of the Earn2Trade assessment challenges. You have in-store options of three: The Gauntlet, The Gauntlet Mini, and The Trader Career Path. Each challenge will test your ability to trade by following a set of rules, some of which are more strict than others. The latter, Gauntlet Mini and the Trader Career Path, will get you onto a funded trading account in as little as 15 days, while The Gauntlet will take at least 30 days minimum.
What Trading Platforms Does Earn2Trade Support?
- Earn2Trade supports many platforms. Inside Edge Trader, Investor RT, Motive Wave, MultiCharts, Bookmap, Photon, Sierra Chart amongst others. You’re supposed to provide the license for these platforms. Earn2Trade, however, has a few free supported platforms. Amongst these are NinjaTrader, Finamark, R / Trader & R / Trader Pro or Overcharts.
What Can You Trade With Earn2Trade?
- Earn2Trade is a prop firm that funds traders to trade Futures. You can trade all CME (CME, CBOT, NYMEX, COMEX) Futures assets, including the Micros.
