Earn2trade Review: Deep Dive into another PROP Firm!

Earn2trade Review: Deep Dive into another PROP Firm!

Please note that this article may contain affiliate links.

In this video I explore the company, Earn2Trade who are a US futures trading prop firm.

This Earn2Trade review includes their rules, how it works and what happens after you get funded…

• TEST YOUR SKILLS ON A $25,000.00 TRADING EXAM
• PASS THE EXAM, GET FUNDED AND JOIN A TRADING FIRM
• TRADE WITH THE FIRM’S MONEY, AND WITHDRAW YOUR PROFIT
• MEET TARGETS AND PROGRESS IN THE FIRM
• TRADE UP TO A $200,000.00 ACCOUNT WITH A FIXED DRAWDOWN!

These are the two different types of challenges you can do…

• GET FUNDED AFTER TRADING ONLY 15 DAYS
• SIGN UP TO TEST YOUR INTRADAY TRADING SKILLS
• INCLUDES THE BEGINNER CRASH COURSE
• ADVANCED JOURNALING WITH JOURNALYTIX
• ADHERE TO A STRICT RISK MANAGEMENT REGIME
• SUCCEED AND GET FUNDED BY A PROPRIETARY TRADING FIRM

 

 

THE GAUNTLET™

• SIGN UP FOR A 60 DAY TEST OF YOUR ABILITIES
• MINIMAL RULES TO PERMIT MAXIMUM TRADER FLEXIBILITY
• TRADE HOW YOU WANT; HOLD OVERNIGHT POSITIONS
• ADVANCED JOURNALING WITH JOURNALYTIX
• SUCCEED AND GET FUNDED BY A PROPRIETARY TRADING FIRM
• EXCEED EXPECTATIONS AND GET A FULL REFUND

 

To give you an example how one of these account challenges run. I am going to describe the process of running a $25K Gauntlet mini account.

The different account sizes that are available with the Gauntlet Mini are;

$25K, $50K, $75K $100K and $150K

Interesting to note that with all the account types, unlike other prop firms such as FTMO and MFF, with Earn2trade, it is a monthly fee rather than a one off fee for the challenge.

So it takes away any stress of deadlines. Phew!

With this account,

• You have a profit target to reach of $1750 / 7%
• A max end of day drawdown of 6% / $1500
• There is a maximum daily loss limit of $550 (just over 2%), which is calculated on open equity.
• Traders can have a maximum of 3 contracts open at any time.
• Monthly subscription rate of $150

 

Are there any restrictions for trading?

As US futures exchanges close everyday, you cannot hold trades overnight.

There are 3 goals to hit, in order to pass the evaluation, these are;

* reach the profit target
* trade a minimum of 15 days
* maintain consistency ( not allowed to make more than 30% of profits in a single day

 

Why join Earn 2 Trade?

In particular, I like their transparency. You can see on their website that they have a lot of reviews both on trustpilot (pop up of rating) and from funded traders.

There are many different account types based on your requirements and your budget.

Also you receive full access to Earn2Trades educational material during your subscription which is a great addition- lots of useful content for learning and developing your skills trading the futures market. This includes a 62 lesson trading course, over 60 webinar topics and over 50 hours of content.

 

WHAT HAPPENS ONCE YOU GET FUNDED?

Once you pass, there are no subscription fees for funded traders.

Traders who pass the Gauntlet mini have 2 options as funded traders…either a live sim account or a live account.

LIVESIM ACCOUNTS are paper trading accounts, which function the same as live accounts including profit withdrawals but they have a quicker setup. They also allow traders to get market data for their first exchange for free.

Livesim is only available until you make your first $5K, then you have to switch to a live account.

LIVE ACCOUNTS  can be started straight away. Once the paper work is completed.

There are also monthly data fees to consider with the LIVE ACCOUNTS which are $105 for each exchange.

Once traders pass the test and trade their funded trading account they can…

• Keep 80% of the profits they make on that account. The prop firm with take the remaining 20%.
•  There are no minimum trading days.
   There are no more monthly subscription fees.

 

To round up,

STAGE 1- Consists of the evaluation, where traders need to respect the rules and hit the goals to progress onto…

STAGE 2- building their career. Funded trading accounts are provided for traders to earn and keep 80% of the profits.

STAGE 3- The option to upgrade your live account.

Earn2Trade provide an interesting capital growth program, allowing traders to follow the progression ladder. This basically means that as traders continue to trade their funded accounts, respecting the rules and achieving growth on the account, they can slowly work their way up through different account types, allowing them to earn more capital. Until they access a senior live account of $200K.

 

So all in all they are a great prop firm for futures traders.

I hope you found this Earn2trade Review helpful. 

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