Earn2Trade Review

Earn2Trade has one of the best funded trader programs for futures, to get you to your goals fast. The main benefit is you learn to trade without risking your capital. Earn2Trade offers full trading education to help you succeed.

Instead traders who trade the trading simulator well during the evaluation phase with futures trading in the financial markets get funded with real-money accounts provided by prop trading firms.

This Earn2Trade review explains the programs available and how it works.

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What is Earn2Trade?

Earn2Trade is a prop trading firm that offers a full educational platform to help you develop your trading skills and get funded trading accounts. This is an opportunity for you to show case your skills and earn a good income without risking your own capital. With a focus on futures trading and risk management Earn2Trade will help you improve your performance and get to your financial goals. By offering structured programs and full educational resources Earn2Trade will take your trading to the next level.

How Earn2Trade Works

Earn2Trade works by giving you a simulated trading account and full educational resources to develop your trading skills. You can choose between two main funding paths: Trader Career Path and Gauntlet Mini. The Trader Career Path is a structured progression ladder that gives you a framework and capital to improve your skills and graduate to higher trading limits. The Gauntlet Mini is a 15 day challenge for traders who want to prove their intraday trading skills. Once you complete the evaluation phase you may be eligible for a funded trading account with Earn2Trade and trade with real money and make good profits.

About Earn2Trade

Earn2Trade was founded by two registered Commodity Trading Advisors and a university professor. Over time the founders sold their shares in the company and now it’s run by a team of traders and educators who have a passion for helping traders get funded.

The company has two funded trader programs where you can prove your skills and strengths. If you achieve the goals you can get a funded account from a prop trading firm whose account size is between $50,000 and $400,000. Earn2Trade has a strong trading community where you can share and support each other.

Currently Earn2Trade has the Trader Career Path and Gauntlet Mini program. Below is a breakdown of both, features, costs and pros and cons.

Education and Training

Earn2Trade offers full educational program that includes a beginner crash course, webinars, online lessons and a trading simulator. The beginner crash course is designed to help you build a solid foundation in futures trading, covering topics such as risk management, technical trading and trading strategies. The trading simulator is a realistic trading environment where you can practice your skills using real time market data and customizable charting tools. Earn2Trade also offers various educational resources such as video tutorials, trading courses and market analysis to help you on your journey to become proficient and successful.

Security and Reputation

Earn2Trade is a prop trading firm with a good reputation for a secure and transparent trading environment. Not regulated by any financial authority but has a 4.7 star rating on Trustpilot with over 2,000 reviews. Earn2Trade pays profits on time and has excellent customer support so it’s a good experience for the users. The proprietary trading platform is user friendly and intuitive with advanced security measures to protect your account and personal data so you can have a trusted trading environment.

Account Types and Funding Requirements

Earn2Trade has various account types to suit traders of different experience and risk tolerance. Before you can get a funded trading account you must go through an evaluation process where you trade a small risk free account to prove your profitability and risk management skills. Once you complete the evaluation you may be eligible for a funded trading account with Earn2Trade and have access to many trading instruments and markets. The company has multiple funding options, the Trader Career Path and Gauntlet Mini which are structured framework and capital to help you improve your skills and graduate to higher trading limits.

Earn2Trade Gauntlet Mini Review

The Earn2Trade Gauntlet Mini gives you a funded trading account after 10 trading days if all goals are met while following the rules. The evaluation process is to test your trading performance, so beginner traders can progress to become professional traders by improving their trading skills while in the Gauntlet program.

Gauntlet Mini Rules

Any funded trading account challenge has rules. They are there to make sure you meet specific trading objectives and to see if you can trade by a set of rules. Would you give someone $400,000 of your money to trade if you haven’t proven yet that he is a good trader?

No! You wouldn’t do this!

So that’s why rules exist. Luckily the rules are easy to understand and similar to Topstep. They are just a few nuances different.

As you can see on the picture below the max positions size notes “up to n contracts.” This is because there is a rule behind this rule called “Progression Ladder”. Earn2Trade is transparent here and with a click on the “*” you can see the details behind the progression ladder rules.

For example trading the $50,000 account you start with 2 contracts max until you are up at least $1,500 in your account. Once you meet the criteria and are between $1,500 and $2,000 in profits you can trade 4 futures contracts at once and above $2,000 in profits you can trade 6 contracts.

You must understand this rule because it’s one of the more complex ones. Also Earn2Trade’s competitors like OneUp Trader have similar rules so it’s not a plus nor a minus. But worth mentioning.

Gauntlet Mini Progression Ladder

Trading and risk management require strict trading discipline which is important when trading real money accounts and when using the virtual trading simulation tool during evaluation.

Gauntlet Mini Costs

The pricing per month depends on the trading capital you want to aim for. The pricing starts at $170/month for the 50k account, $315/month for $100k, $350 for $150k and $550/month for the $200,000 account.

Once you pass the evaluation phase you get a funded trading account from Earn2Trade’s proprietary trading partner. The following additional features are included in the price:

• Beginner Crash Course (value $249)
• Trading simulator
• Journalytix reporting tool

Earn2Trade Trader Career Path Review

The Earn2Trade Trader Career Path (TCP) is a funded trader program to help traders on their trading journey by building their trading career with a scaling plan. Instead of choosing one specific account size, traders start by testing their skills on a $25,000, $50,000 or $100,000 trading exam. Once the exam is passed they already get funded and join a prop trading firm.

From here on traders can trade the firm’s capital and withdraw their profits. The unique thing here is that traders who meet the targets also progress in the firm and trade bigger and bigger accounts up to $400,000. That’s unique in the industry and allows traders to invest a small amount for the smallest trading challenge but the better they become the bigger accounts can be traded.

The TCP is a good choice for people who want to minimize expenses with a realistic chance to manage a big portfolio in the long term.

Trader Career Path Evaluation Process

The TCP starts with the evaluation process and a $25,000, $50,000 or $100,000 account with virtual starting capital which will be traded in a trading simulator. Traders participating in the TCP evaluation have to trade for at least 10 days, are allowed to trade during approved times and follow the progression ladder.

• The profit goal for the $25,000 TCP is $1,750, the EOD drawdown is $1,500 and the daily loss limit is $550.
• The $50,000 TCP has a profit goal of $3,000, an EOD drawdown of $2,000 and a daily loss limit of $1,100.
• The $100,000 TCP has a profit goal of $6,000, an EOD drawdown of $3,500 and a daily loss limit of $2,200.

There is one important rule to consider during the Evaluation process. It’s the Consistency Rule. The consistency rule states that one single day’s profit can only account for up to 30% of the total profit and loss. The prop firm wants to see that traders can make consistent profits instead of making one lucky homerun.

So you have to make profits day by day consistently. Notably you can still pass the Evaluation process if you make a huge daily profit. But you have to keep showing more days than you can generate trading profits until your best trading profit day doesn’t account for more than 30% of the overall profits. This consistency rule ensures traders show trading consistency.

Trader Career Path Live Account

OOnce the Evaluation Process with virtual starting capital is passed, the trader can continue with a Junior Livesim Account or Junior Live Account and potentially earn trading profits. The profit goal, drawdown and daily loss limit rules are the same as during the Evaluation process but now funded with real money and the profit split enabled.

Benefits:

• 80% of the profits can be withdrawn once Step 2 is completed
• Funded trades don’t pay a monthly Earn2Trade subscription fee
• No minimum days to trade rule

Traders can withdraw their profits from the account. Payouts will be made every Tuesday. Withdrawals above $500 can be made without withdrawal bank fees.

Example TCP25 Scaling Plan

Once a trader has withdrawn a minimum of $1,400 trading profits (80% of the $1,750 profit goal) from the $25,000 live- or sim-account challenge, the account will be upgraded to a $50,000 live account. This scaling plan shows the trading goals for each account upgrade.

The drawdown for the $50,000 account is $2,000 now and the profit goal is $3,000. Once a trader has withdrawn a minimum of $2,400 (80% of the $3,000 profit goal), the account will be upgraded to the $100,000 live account. The profit goal is now $6,000 and the drawdown is $3,500. The next and last upgrade will be once the trader withdraws a $4,800 minimum from the $100,000 account.

In this Senior Live Account the trader will control a $200,000 account with a profit goal of $12,000 and a fixed drawdown of $194,000. Traders who complete this challenge can negotiate a custom account with the prop firm.

Also those who start with the $50,000 or $100,000 virtual starting capital account can reach a senior live account funded up to $400,000.

The funding partners are Helios Trading Partners and Appius Trading Limited.

Trader Career Path Costs

The monthly subscription price for the TCP Evaluation is $150 for the 25k account and $190 for the 50k account which includes trading fees. The 100k TCP100 evaluation costs $350 per month. There is no monthly membership fee once the Evaluation is completed and the live account is funded.

The Evaluation can be reset for $100. But you can’t reset a live-trading account. So if you already traded a live account and hit for example the drawdown maximum you will have to start a new evaluation and begin the Trader Career Path again.

Micro asset commissions are between $.0.74 and $1.00 per side, regular futures market contracts are calculated with $2.02 commissions per side to trade on futures exchanges. Commissions are taken from the simulated or live-trading account balance.

To read more about the trading platforms go here. Below you’ll find the trading platform features.

Trading Platforms

Trading platforms are important for retail traders and experienced traders. Even if you trade virtual funds during evaluation the trading platform is always important. And it’s even more important to know how the trading platforms work once you get funded with a live account after passing evaluation.

So use the time while trading virtual funds to gain trading knowledge and use trading education and educational materials. Only talented traders are the ones prop firms want to hire to make more money in the trading business. The funded trading sector has already helped many trading careers and the payouts of the top firms speak for themselves.

Earn2Trade offers two trading platforms – NinjaTrader and Finmark Systems both of which have various trading tools to help you succeed.

Journalytix Trade Tracking

During your subscription period your trades can be sent to your Journalytix tool. There you can categorize your trades and also see which strategy works best for you. You can also export the data to analyze it in MS Excel. The tool has trading analytics to help you evaluate your performance.

Bottom Line

Earn2Trade offers a full trading experience and is a pioneer in the funded trading programs space with high payouts and funded accounts up to $800,000 for a reasonable participation cost. Customer friendly EOD drawdown limits and low recurring cost makes it a top choice for futures traders. Their Trustpilot rating is 4.7/5 based on 1,586 reviews.

FAQs

Is Earn2Trade Worth It?

Earn2Trade is worth it and perfect for aspiring traders to develop their skills and become professional traders. The Gauntlet Mini and Trader Career Path programs are for those with a working strategy looking for more trading capital to fund their trading and realize their trading potential.

What Is the Difference Between a Live Account and a Trading Simulator?

A funded trader program usually starts with a simulator to provide a risk-free trading environment where traders prove their skills once they pay a participation fee. Once a trader passes the evaluation phase, they get to control part of a live account called a funded account to trade in the financial markets. Here, the trader trades real money and can withdraw a certain percentage of profits.

What Is a Proprietary Trading Firm?

Proprietary trading firms are privately held companies that let others manage their funds to make money. In return for successful trading and growing the company account, traders can withdraw a certain percentage of profits to their personal accounts. Professional traders can also get a monthly fixed income if their performance is good and consistent.