Earn2Trade Review

What is Earn2Trade?

Earn2Trade is an educational platform founded in Wyoming, USA, in 2016. It assists individuals in navigating the intricate realm of financial markets. Earn2Trade offers customized solutions to fulfill the demands of experienced day traders, portfolio managers, and beginners in trading.

The platform’s distinctive challenges, referred to as gauntlets, evaluate members’ trading abilities within a set time. Moreover, there are fundamental courses offered that address crucial subjects like forex trading, risk management, and technical trading fundamentals. The classes are tailored for novice traders.

Earn2Trade Funding Programs and Challenges: Rules and Requirements 

Earn2Trade offers an initial assessment to evaluate the trading abilities of candidates and set a basis for efficient risk control. After being successful, candidates are incorporated into the proprietary trading firm and given funded accounts that match their requirements and trading goals. This career path is designed to develop traders from beginners to advanced levels, with the funded accounts growing in proportion.

Earn2Trade offers the Gauntlet Mini for beginner traders to showcase their intraday trading abilities in a 15-day competition. Upon successful completion, participants receive funding and authorization to trade on real markets. 

The Gauntlet Mini is designed to accommodate novice traders, offering a basic crash course as part of the assessment. Earn2Trade’s Gauntlet Mini, like other funded account challenges, allows traders to assess their success using advanced journaling and trading data.

Participants in the Gauntlet Mini can customize the content to suit their preferences. Traders choose their preferred account size between $25,000 and $150,000 when they sign up. Irrespective of the size of the account, candidates must show steady profitability for at least a 15-day trading period. 

Account restrictions are contingent upon the original capital amount, with criteria including profit targets, end-of-day drawdown limitations, and daily loss caps, including monthly subscription costs escalating as the trading capital increases.

Earn2Trade provides traders with increased flexibility through an additional evaluation option called the Gauntlet. This assessment offers traders the highest level of flexibility with few regulations and a 60-day trial period. Participants can select stop losses, daily loss limits, and weekly restrictions, and use their favorite trading techniques. 

The goal is to reach a 10% profit target and uphold a maximum drawdown of 10% within the 60-day timeframe. Traders who wish to participate in the Gauntlet must pay a single entry fee of $429 and are given 72 hours to establish their account.

Option	Account size	Daily Loss Limit	Drawdown	Contract Size
Gauntlet Mini	$50K	$1100	$2000	6 Contracts
Gauntlet Mini	$100K	$2200	$3500	12 Contracts
Gauntlet Mini	$150K	$3300	$4500	15 Contracts
Gauntlet Mini	$200K	$4400	$6000	16 Contracts
Trader Career Path	$50K scaling to $400K	$550	$1500	3 Contracts
Trader Career Path	$50K scaling to $400K	$1100	$2000	6 Contracts

What are Forex Prop Challenges?

Forex prop challenges are a form of evaluation procedure put up by proprietary trading businesses (prop firms) to find exceptional traders and provide them with the opportunity to trade with the firm’s funds. These challenges are intended to put a trader’s capacity to earn profits while properly managing risk to the test, with a set of trading rules and objectives to adhere to over a specific time.

A forex prop challenge normally has two primary stages:

1. The challenge phase: During this initial phase, traders are given a demo account with a fixed balance and are asked to meet a certain profit objective within a set timeframe, often a month or two, while adhering to maximum drawdown restrictions and other trading guidelines. This phase evaluates the trader’s capacity to earn profits within specified risk constraints.

2. The Verification Phase: Traders who successfully met their profit objectives and followed the regulations during the challenge phase advance to the verification phase. This stage is similar to the challenge phase, although it often lasts longer and may include somewhat different profit objectives or criteria. The goal of this phase is to confirm the trader’s consistency and expertise across a longer time frame.

After completing both steps, traders are often awarded a funded account. This implies that the prop business sets aside a portion of its funds for the trader to handle. The profit gained by trading this capital is split between the trader and the prop business according to a predetermined split.

Forex prop challenges need a cost, which varies for each prop business. This charge covers the expense of the review procedure and guarantees that traders are committed to the offer.

The particular criteria aim, and structure of prop challenges might differ significantly between businesses. Traders are expected to match the following common parameters:

• Profit targets: A predetermined proportion of the account balance that traders must meet.
• Drawdown limits: The maximum permissible percentage loss from the account’s peak amount, both daily and cumulatively.
• Minimum trading days: The number of active trading days required throughout the challenge period.
• Trade style restrictions: Some companies may have regulations about trading strategies, such as forbidding high-frequency scalping or overnight positions.

Aside from the initial challenge fee, forex prop challenges provide traders with access to considerable trading capital without putting their cash at risk. However, participants must carefully evaluate the terms and circumstances of these challenges, since the criteria established by prop businesses are stringent and intended to test traders’ discipline, risk management, and trading acumen.

Some popular names include E8 Markets, Fidelcrest and Surgetrader.

Earn2Trade Broker: Do They Use a Reliable Platform? 

Earn2Trade provides all account holders with free access to live data and a NinjaTrader license key for trading in the demo account. Earn2Trade provides support for several top futures trading platforms, such as

1. NinjaTarder is free during the evaluation period.
2. Finamark: Complimentary for evaluation and 90 days of actual trading. 
3. R | Trader & R | Trader Pro are both complimentary. 
4. Inside Edge Trader Investor RT
5. Motive Wave
6. MultiCharts
7. Bookmap
8. Photon
9. QScalp
10. QSI- Quick Screen Trading
11. ScalpTool
12. Trade Navigator
13. Volfix.net
14. Jigsaw Trading
15. ATAS Order Flow Trading
16. Sierra Chart
17. Quantower 

Earn2Trade Fees: How Much Do They Charge? 

Traders in Earn2Trade have different investment possibilities depending on the package they select. The Trader Career Path plan incurs a monthly charge of $120. The Gauntlet bundle necessitates a single payment of $429. The Beginner Crash Course bundle is available for a one-time fee of $199.20 for a lifetime membership. The Gauntlet Mini package contains monthly prices that vary between $150 and $350, depending on the chosen account type. 

It is recommended to watch for discount codes from Earn2Trade to optimize the savings. It is important to mention that after the challenge phase, and once a paid trading account is obtained, data fees amount to $105.00 per month per exchange. These fees are enforced by the affiliate funding firm, not Earn2Trade. 

When assessing the total cost of Earn2Trade, take into account the following breakdown: The Trader Career Path package is priced at $120 per month, The Gauntlet package requires a one-time payment of $429, The Beginner Crash Course package costs $199.20 for a lifetime membership, and The Gauntlet Mini package offers monthly prices ranging from $150 to $350, depending on traders account type.

Thus, Forex prop trading fees refer to the costs associated with participating in a proprietary (prop) trading firm’s program, particularly those that offer traders the opportunity to trade the firm’s capital. These fees are a critical aspect of the business model for many forex prop firms, especially those that run challenge or evaluation programs to vet potential traders. Here’s a breakdown of the types of fees that traders might encounter:

1. Challenge Fees

These are upfront fees paid by traders to enter into a trading challenge or evaluation program. The challenge is essentially a test that evaluates a trader’s ability to generate profits while adhering to specific risk management rules. If successful, the trader is usually offered the opportunity to trade with the firm’s money. Challenge fees can vary significantly depending on the firm, the size of the demo account provided for the challenge, and the complexity of the challenge itself.

2. Account Setup or Administration Fees

Some prop firms may charge a one-time setup fee for creating and managing a trader’s account. This fee might cover the administrative costs associated with setting up the trading infrastructure, account monitoring, and other backend services necessary for the trader to begin trading.

3. Monthly Desk Fees

Desk fees are akin to rental fees for the physical or virtual space and resources (like software, data feeds, and trading tools) provided by the prop firm. While more common in traditional prop firms that offer physical trading desks, some online forex prop firms might also charge a monthly fee for access to premium trading platforms or tools.

4. Profit Split

While not a fee per se, the profit split arrangement is a significant financial consideration in prop trading. After successfully passing a challenge, traders are allowed to trade with the firm’s capital, and any profits generated are split between the trader and the firm according to a predetermined ratio. Common splits might be 70/30 or 80/20, favoring the trader. It’s essential to understand the profit split terms as they directly affect the trader’s potential earnings.

5. Software or Data Fees

In some cases, traders might need to pay additional fees for access to specialized trading software, real-time data feeds, or analytical tools that are not included in the basic package offered by the prop firm.

6. Education or Training Fees

Some prop firms also offer educational courses, mentoring programs, or trading workshops. These might be optional or required parts of the trading program, with fees varying widely based on the content’s depth and duration.

Key Considerations

– Value for Money: Traders must assess whether the fees charged by a prop firm offer good value for the services provided, especially in terms of the trading capital access, technology, and support offered.

– Transparency: Reputable prop firms are transparent about their fee structure, with no hidden charges. Traders should thoroughly review all terms and conditions before committing.

– Risk: While paying fees for a chance to trade with significantly more capital can be appealing, traders should consider the risk of not passing the challenge and the potential loss of the fee paid.

Forex prop trading offers a unique opportunity for traders to leverage more substantial capital than they might otherwise access. However, understanding the fee structure is crucial to making an informed decision about which prop firm to engage with.

Earn2Trade Proof of Payment:

Earn2Trade has an 80/20 profit share arrangement, with the trader getting 80% of the earnings and the proprietary firm keeping the remaining 20%.

Earn2Trade Customer Support: 

Traders focus on customer service quality and community involvement while evaluating a trading platform. Earn2Trade acknowledges this and aims to cultivate a robust support structure and promote engagement among traders. Earn2Trade provides multiple opportunities for traders to receive support and interact with their colleagues.

1. Earn2Trade offers responsive customer service through several means.

2. Traders can receive instant help using the live chat function on the Earn2Trade website.

3. Earn2Trade offers email help for users to address non-urgent issues or more complex concerns.

4. The site includes a comprehensive FAQ section that addresses frequent questions about the platform, programs, and trading laws.

Contact Details: 

• Location: 30 N Gould St STE 4000, Sheridan, WY 82801 
• Contact Number: +1 337-606-6535 
• Email Address: [email protected]

What Makes Earn2Trade Unique? 

Earn2Trade is a distinctive proprietary trading company that provides a comprehensive teaching platform to equip traders for success in the futures market. Earn2Trade offers more than just financial support; they also provide significant educational resources such as classes, webinars, and tutorials. The programs are carefully designed to assist retail traders in becoming skilled professionals in the industry.

Earn2Trade offers the Gauntlet Mini and Trader Career Path options as outstanding features. The funding options consist of virtual trading simulations and progression ladders, providing traders with both funds and a structured framework to improve their abilities and move up to larger trading limits.

Earn2Trade also provides partnership opportunities after passing the trading exam. Successful traders obtain access to funded accounts through partnerships with Helios Trading Partners or Appius Trading Limited. Retail traders can access substantial funds through these partnerships, ranging from $25,000 to $200,000.

Earn2Trade provides adaptable pricing options to accommodate traders with different financial constraints. Earn2Trade offers a range of subscriber fees from $90 to $429, providing affordability and versatility that may be unique compared to other proprietary firms.

Earn2Trade Reviews: What Do Their Customers Say?

Earn2Trade has a rating of 4.7 out of 5 stars on Trustpilot. It also has been reviewed by 1,989 people. 

#1. Sergio stated that he had two TCP50K accounts but he wishes to concentrate on only one. He intended to terminate the most recent transaction but instead canceled the one with a higher profit. After contacting the Earn2Trade support chat, they promptly reinstated the canceled account so he could proceed with the TCP50 account that he had selected. He is profoundly thankful to this exceptional firm and the fantastic individuals who are part of it. Long live E2T!

#2. Dcav reported that the team is very helpful and professional. He consistently received responses and felt like he was always the top priority.

If he were in charge, he would eliminate the 15-day minimum requirement. If it takes 4 days to achieve the profit objective, there are essentially 11 days of inactivity, which does not effectively demonstrate trading abilities. For the next 11 days, simply open and close a trade to fulfill the 15-day minimum. There are extremely few individuals capable of achieving the targets within 4 days.

#3. consumer alleges He generally enjoys E2T, but only after passing the evaluation. The commission for micros is $1.86, making it costly for traders. They must decide between trading minis or micros before setting up live sim accounts. Opting for micros means they cannot trade bonds and will face high commission fees. He requested assistance to speak with management regarding this matter, but no one contacted him after 2 weeks.

#4. The cryptobillionaire stated that the FIFO rule is truly the account killer. The technique cannot involve hedging and existing trades must be closed before fresh deals may be opened. He is dissatisfied with them because none of these requirements were conveyed to him before enrolling in the Gauntlett program.  He will contemplate utilizing them again, taking into account all the limitations.

#5. Renato warned to avoid this dubious firm in his reply. He had come to some negative evaluations about them, but he foolishly disregarded them. His account deliberately failed due to a cross-order that exceeded the contract limits. He engaged in spread trading for approximately 5 weeks without any issues. However, they deliberately sabotaged his evaluation by placing a cross-order in his account. 

After he complained, they rectified the issue and prohibited me from engaging in commerce again. Please indicate in the regulations that it explicitly states that spreading trading is prohibited. 

Subsequently, unusual occurrences began affecting his account. He had 6 orders executed more than 100 ticks out from the bid and ask price, causing my evaluation to fail immediately. He filed a complaint with the CFTC to investigate this company. Avoid them. A warning has been sent to him.

Conclusion

Earn2Trade is a comprehensive trading education platform that can significantly help several prospective traders. Its organized advancement routes and diverse account options offer traders many chances to enhance their skills, making it a great option for individuals pursuing a trading career.

It is crucial to acknowledge that Earn2Trade has certain limits. Customer help is unavailable on weekends, and the platform lacks licensing or regulatory data. These considerations should be considered when evaluating their choices.