Earn2Trade Review 2024
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| Earn2Trade is a US-based futures prop trading firm that offers education packages alongside funded accounts. 80/20 profit splits are available. | ||
Proprietary trading firms invest their own capital with select traders to turn a profit. But getting accepted for a funded trading account can be difficult, especially for new traders. Earn2Trade offers an interesting solution through its educational facilities, with access to guaranteed funded accounts by passing evaluation assessments. In this review, we explain how Earn2Trade works, from trading rules and profit splits to withdrawal fees and more. Find out whether to pursue a funded trading account with Earn2Trade.
What Is Earn2Trade?
Earn2Trade was founded in 2016 in the United States and is run by fellow traders, educators and developers looking to help individuals get funded. Earn2Trade is both a recruitment firm for funded investors and an education provider that helps individuals learn to trade.
The company offers several different ‘challenges’ that assess investors’ trading skills and ability to make consistent profits over a set period. Earn2Trade’s funded profiles are offered via affiliate trading firms.
The brand also has an entry-level education course that teaches users about different instruments, understanding general market conditions, learning risk management skills and technical trading.
How Earn2Trade Works
Earn2Trade offers several challenges that assess traders’ skills. Investors that pass the challenges will be set up with a funded account from one of Earn2Trade’s proprietary firm partners (Helios Trading Partners and Appius Trading Limited).
These pre-funded accounts are loaded with a buying power of between $25,000 and $200,000 (depending on the initial challenge taken). Profits achieved via the funded profiles are split 80/20 in the traders’ favor.
Earn2Trade’s trading platform offers many features to educate and coach individuals whilst they tackle challenges. These include video lessons, webinars, trade tracking, customizable chart types, depth of market integration, and more.
Challenges
There are three challenges on offer; the Gauntlet, the Gauntlet Mini and the Trader Career Path.
Each Earn2Trade challenge comes with its own set of rules that traders need to abide by to pass. Commissions during each of the challenges are set at $2.02 per side for all assets. This can be changed to live commissions by contacting support through live chat or email.
The Gauntlet
The Earn2Trade ‘Gauntlet’ is a 60-day assessment. This evaluation has a one-time payment fee of $429.
The set rules applied to this assessment include:
- A 10% maximum drawdown
- A full trading plan must be submitted via the Dashboard
- Users must manage a $25,000 account over a 60-day period
- By the end of the valuation, you need to have reached a 10% profit target
- You must trade at least once per week and for a minimum of 30 calendar days during the period
Additional allowances include being able to choose pre-set stop losses, increasing daily and weekly loss limits, and setting your own extra rules.
Successful candidates of the Gauntlet program are presented with a conditional offer. Once you’ve acquired $5000 profit, the conditional offer will be met and you can join the proprietary firm as a limited partner. You will acquire a LiveSim profile in which you can withdraw profit as if it were a live account. Withdrawal fees apply for payment requests of less than $500.
The prop firm’s funding amount is $25,000, and the funds will be available to traders from the first day as margin.
The non-trailing drawdown is based on the trader’s drawdown during The Gauntlet challenge. Under 10% during the Gauntlet gives $1,000, while a drawdown under 2% gives $2,500.
Profit is split 80/20. The assets available to the trader may depend on their performance during the Gauntlet.
The Gauntlet Mini
Earn2Trade’s ‘Gauntlet Mini’ is a 15-day assessment. Account sizes for the Gauntlet Mini evaluation program vary between $25,000 and $150,000, each with its own profit goals, EOD drawdown, daily loss limit, progression ladder and monthly subscription price (ranging from $150 to $350).
The set of rules applied to this assessment include:
- Trade a minimum of 15 trading days
- Do not hit or fall below the daily loss
- Do not fall below the minimum account balance
- Only trade during the approved times (intraday trading)
- Do not exceed the maximum number of open contracts or position size as detailed by the progression ladder
- Maintain consistency – this means no single trading day can account for 30% or more of your total profit and loss
Successful candidates who complete the Gauntlet Mini program will receive a guaranteed offer of funding from Helios Trading Partners. This offer will correspond with the account type used in the Gauntlet Mini.
There will be an 80/20 profit split in the trader’s favor.
Daily loss limits are removed after the lower threshold of the trader’s maximum drawdown reaches the account’s starting balance.
The data feed comes with a monthly fee that must be paid by the trader. This costs $105.00 per month per exchange.
Note, the assessment will be terminated if you take five consecutive days of unscheduled absence.
Trader Career Path
Earn2Trade’s ‘Trader Career Path’ is a progression-based assessment with a funded account upon completion. The service costs $90 per month and comes with several features. This includes a free NinjaTrader and/or Finamark license, a simulator profile for practice, a 60-day Journalytix license and access to Earn2Trade’s full catalog of educational material during the evaluation phase.
This course starts with $25,000 in virtual buying power. The program lasts a minimum of 15 days, with an EOD drawdown of $1,500 and a daily loss limit of $550. The pre-defined progression ladder details the maximum number of contracts that traders can open. Making a set amount of profit allows you to open more contracts. You must also maintain consistency, meaning no single trading day can account for 30% or more of your total profit and loss.
After reaching your goal, your profile can be upgraded to either a $25,000 Junior LiveSim Account or a $25,000 Junior Live Account. Both profiles follow the scaling plan and come with a $1,500 EOD drawdown and a daily loss limit of $550. From this, the career path develops as per the below:
- Once goals have been hit within the Junior Account types, you can progress to the $50,000 Intermediate Live Account. This profile has a trailing drawdown of $2,000, a daily loss limit of $1,100, and follows the progression ladder.
- The next account up is the $100,000 Advanced Live Account, coming with a trailing drawdown of $3,500, a daily loss limit of $2,200, and follows the progression ladder.
- Hitting your goals in the last account upgrades you to the final level, the $200,000 Senior Live Account. This is the highest value account, with starting capital of $200,000 and a drawdown fixed to $194,000. The daily loss limit is set to $4,400 and follows the progression ladder.
This service provides a clear path for traders to follow, allowing them to open larger funded accounts as long as they are successfully making profits and following the rules.
Platforms & Markets
Earn2Trade supports several platforms including NinjaTrader, Finamark, R / Trader & R / Trader Pro, and Overcharts. Both NinjaTrader and Finamark are offered for free during The Gauntlet and Gauntlet Mini assessments.
Clients are permitted to trade all CME (CME, CBOT, NYMEX, COMEX) futures assets, including micros.
Education
As well as the three available challenges, Earn2Trade offers ‘The Beginner Crash Course’, a program consisting of 60 videos (roughly 6-10 minutes each) that cover the basic and advanced concepts required to start trading. Each video is followed up with a quiz to test your understanding of the material.
This course is offered alongside the challenge programs as well as separate, lifetime* access for a one-off payment of $199.20. It is designed to take on traders with little or no prior trading knowledge, applicable to any beginner.
You can ‘reset’ any of Earn2Trade’s packages for a fee. This will allow you to attempt the challenges again but will have to be paid on top of your monthly fee.
*Note that lifetime access may be canceled following four consecutive months of no activity (for example logging into the account).
Security & Reputation
As Earn2Trade is an educational firm, they do not need to be regulated like a traditional financial institution. With that said, they do have a strong reputation, with a 4.7-star rating on Trustpilot from over 1,000 reviews. They have also featured in several well-known publications including Forbes, ABC Money and Entrepreneur.
Furthermore, the professional trader mentors are qualified trainers who have passed their National Futures Association (NFA) Series 34 and Series 3 examinations.
With all that in mind, Earn2Trade is a reliable and trustworthy firm.
Customer Service
You contact the firm through e-mail, WhatsApp, Telegram and live chat, but the brand is also active on social media platforms such as Facebook, Twitter, YouTube, Instagram, and LinkedIn.
The firm offers tutorials and webinars within its educational packages, allowing for face-to-face online interaction with professional traders.
The Earn2Trade website hosts a range of additional support features, including a help section that covers frequently asked questions, a blog with educational materials, and a link to their active Discord community that allows users and staff to interact freely.
Pros Of Earn2Trade
- 80% profit on withdrawals for traders
- Funded portfolio size up to $200,000
- Options to get funded in as little as 15 days
- Transparent, comprehensive customer support
- Accessible educational resources – including videos, webinars and tutorials
Cons Of Earn2Trade
- Some popular platforms, such as MetaTrader 4 or 5, are not supported
- You can only trade CME futures assets, and this does not include crypto futures
- ‘Lifetime’ educational resources may be canceled if not used in four consecutive months
- Funded accounts require a $105 per month payment per exchange the user wants to trade on
- You cannot make a profit until you have opened an account with an affiliate prop firm
Earn2Trade Verdict
Earn2Trade offers beginners and experienced traders alike the educational facilities and the practical experience to get into proprietary trading. With heaps of training resources and support, even novices can become knowledgeable about futures trading and the advanced skills required to succeed and turn over profits.
The three ‘challenges’ offer individuals plenty of avenues to access a funded profile and begin investing. The 80/20 split in favor of traders is also competitive. On the downside, funded accounts can only reach up to $200,000 in starting capital which is lower than other prop trading firms.
Ultimately, if you are looking for a reputable and secure way of accessing a funded profile, going through one of Earn2Trade’s assessments could be a sensible route. Passing an evaluation program guarantees an account, and the experience along with access to Earn2Trade’s facilities could help you develop your skills further.
FAQs
What Is The Earn2Trade Profit Split?
After you pass one of Earn2Trade’s assessments, you will gain access to a live profile. These funded accounts offer an 80/20 profit split in favor of the trader.
How Do You Get A Funded Account Through Earn2Trade?
To get a funded trading account, you must pass one of Earn2Trade’s assessment challenges. There are three challenges on offer; The Gauntlet, The Gauntlet Mini and The Trader Career Path. Each challenge will test your ability to trade following a set of rules (some more strict than others). The Gauntlet Mini and Trader Career Path can get you onto a funded trading account in as little as 15 days, while The Gauntlet will take a minimum of 30 days.
What Trading Platforms Does Earn2Trade Support?
There are several supported platforms offered by Earn2Trade. These include the Inside Edge Trader, Investor RT, Motive Wave, MultiCharts, Bookmap, Photon, Sierra Chart, and more. For these platforms, you must provide a license. However, Earn2Trade offers a few platforms for free. These include NinjaTrader, Finamark, R / Trader & R / Trader Pro or Overcharts.
How Much Does Earn2Trade Cost?
The price will depend on the package you choose:
- The Trader Career Path costs $120 per month
- The Gauntlet costs $429 as a one-time payment
- The lifetime Beginner Crash Course price is $199.20
- The Gauntlet Mini ranges between $150 and $350 per month depending on the account type
Earn2Trade also offers occasional discount codes to reduce the price you pay for each of their packages, so make sure to keep an eye out for those.
Once you have passed and obtained a funded trading account, you will have to pay data fees. These are charged by the affiliate funding firm and not Earn2Trade. It costs $105.00 per month per exchange.
Is Earn2Trade Regulated?
Earn2Trade is classed as an educational firm, not as a broker-dealer or any other type of financial institution. As such, it is not regulated by any financial authority. Still, it is a reputable company with positive user reviews.
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| Earn2Trade is a US-based futures prop trading firm that offers education packages alongside funded accounts. 80/20 profit splits are available. | ||