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Earn2Trade offers innovative funded trader programs for the futures market to help traders achieve their goals fast. The main benefit is that investors learn to trade without risking their capital.
Instead, traders who successfully trade the trading simulator 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 goes into detail about the available programs and explains the features and the process of how to get funded.
Earn2Trade was founded by two registered Commodity Trading Advisors and a former university professor. Over time, the founders sold their shares in the company, and now it is run by a team of traders and educators who have a collective passion for helping traders get funded.
The company offers two funded trader programs where participants can prove their skills and strengths. Those who achieve the goals can access a funded account provided by a prop trading firm, whose account size ranges between $50,000 and $400,000.
Currently, Earn2Trade offers the Trader Career Path and the Gauntlet Mini program. Below is a detailed description of both, including features, costs, and pros and cons.Special Offer: 70% Discount on all account sizes
Earn2Trade Gauntlet Mini Review
The Earn2Trade Gauntlet Mini enables traders to get a funded trading account after 15 trading days if all goals have been achieved while maintaining the rules. Beginner traders can progress to become professional traders by improving trading skills while participating in the Gauntlet program.
Gauntlet Mini Rules
Any funded trading account challenge has its rules. They exist to evaluate whether you can trade by a rule set. Would you give someone up to $400,000 in capital to let him trade your money if you have yet to prove that he is a good trader?
No! You would not do this!
So that’s why rules exist. Luckily, the rules are easy to understand and comparable to those from Topstep. They differ in a few nuances.
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 a maximum of 2 contracts until you are up at least $1,500 in your account. Once you meet the criteria and remain between $1,500 and $2,000 in profits, you can trade 4 futures contracts at once and above $2,000 in profits up to 6 contracts.
It is essential to 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 neither a plus nor a downside. But it’s worth mentioning it.
Gauntlet Mini Progression Ladder
Trade and risk management are important aspects of the trading rules, which are 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 funded trading account you 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 made it trought 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 designed to help traders build their trading career with a scaling plan. Instead of selecting one specific account size, traders always start by testing their skills on a $25,000 or $50,000 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 worth 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 an excellent choice for people who want to reduce expenses to a minimum with a realistic chance to manage a big portfolio in the longer term.
Trader Career Path Evaluation Process
The TCP starts with the evaluation process and a $25,000 or $50,000 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 15 days, are allowed to trade during approved times and follow the progression ladder.
- The profit goal for the $25,000 TCP is set to $1,750, the EOD drawdown is defined at $1,500, and the daily loss limit is set to $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.
There is also one important rule to consider during the Evaluation process. It is the Consistency Rule. The consistency rule defines 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.
Therefore, it’s essential to make profits day by day consistently. Notably, you can still succeed in the Evaluation process if you make a huge daily profit. Still, you have to keep showing on more days than you can generate trading profits until your best trading profit day does not account for more than 30% of the overall profits:
TCP 25k Account:
TCP 50k Account:
Trader Career Path Live Account
Once the Evaluation Process with virtual starting capital is passed, the trader can continue with a Junior Livesim Account or Junior Live Account. 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.
- 80% of the generated profits can be withdrawn once Step 2 is accomplished
- Funded trades do not pay a monthly Earn2Trade subscription fee
- There is no longer a rule for a minimum of days to trade
Traders can withdraw their profits from the account. Payouts will be made every week on Tuesday. Withdrawals above $500 can be made without withdrawal bank fees.
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.
The trailing drawdown for the $50,000 account is $2,000 now, and the profit goal is set to $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 trailing drawdown is $3,500. The next and last upgrade will occur 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 set to $194,000. Traders who master this challenge can negotiate a custom account with the proprietary trading firm.
Also, those who start with the $50,000 virtual starting capital can reach a senior live account funded with up to $400,000.
The funding partners are Helios Trading Partners and Appius Trading Limited.
Progression Ladder TCP25
Progression Ladder TCP50
Trader Career Path Costs
The monthly subscription price for the TCP Evaluation is $150 for the 25k account and $190 for the 50k account. There are no monthly membership fees once the Evaluation is complete.
The Evaluation can be reset at any time for a $100 fee. However, it is not possible to reset a live-trading account. That means those who already traded a live account and hit, for example, the drawdown maximum will have to start a new evaluation and begin the Trader Career Path again.
Micro asset commissions are typically between $.0.74 and $1.00 per side, while regular futures market contracts are calculated with $2.02 commissions per side to trade on futures exchanges. The commissions are charged from the simulated or live-trading account balance.
To learn more about the trading platforms, please go ahead and read the final part of the Earn2Trade review. Below, you find insights into the trading platform features.
Trading platforms are a crucial component for retail traders and experienced traders. Even if you trade virtual funds during evaluation, the trading platform is always important. And it is even more important to know exactly how the trading platforms work once you get funded with a real-money account after passing evaluation.
So, it’s a good idea to use the time while trading virtual funds to gain trading knowledge and make use of trading education and educational materials. Only talented traders are the ones prop firms want to hire to help them make more money in the trading business. The funded trading sector has already helped improve multiple trading careers, and the payouts of the market-leading firms speak for themselves.
Earn2Trade currently offers two trading platforms – NinjaTrader and Finmark Systems.
Journalytix Trade Tracking
During your subscription period, your trades can be sent to your Journalytix tool. There, you can categorize your trades and also evaluate which strategy works best for you. You can also export the data to analyze it in MS Excel.
Earn2Trade Review Summary
Earn2Trade is an innovator in the funded trading programs business with high payouts and funded accounts of up to $800,000 for reasonable participation costs. Customer-friendly EOD drawdown limits and low recurring costs make it a top choice for futures traders. Their Trustpilot rating is currently at 4.7/5 based on over 1,586 reviews.
Is Earn2Trade Worth It?
Earn2Trade is worth it and perfect for aspiring traders looking to develop their skills and become professional traders. The Gauntlet Mini and Trader Career Path programs offer opportunities for those with a successful strategy looking for additional trading capital.
Live Account vs. Trading Simulator
A funded trader program typically begins with a simulator, where traders prove their skills once they pay a participation fee. Once a trader passes the evaluation phase, he controls part of a live account called a funded account to trade within the financial markets. Here, the trader trades real money and can withdraw a certain percentage of profits.
Proprietary Trading Firm Explained
Proprietary trading firms are privately held companies that let others manage their funds to grow wealth. In exchange for successful trading and growing the company account, traders can withdraw a certain percentage of profits to their private accounts. Professional traders can also receive a monthly fixed income if their performance is exceptional and consistent.