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Looking for a straightforward review of Earn2Trade? You’ve come to the right place. With so much talk about Earn2Trade and its promises of turning you into a professional trader in just 15 days, you might wonder: does it live up to the hype? Today, we’ll delve into that very question. This Earn2Trade Review provides detailed answers.
Pros and Cons
Pros
- Defined progression with clear goals
- Abundance of educational programs
- Inclusion of Level 2 data
- Zero monthly fee for funded traders
Cons
- Might be challenging for complete beginners
- No Forex market support
- $100 is the minimum withdrawal
What Is Earn2Trade?
Earn2Trade has been on the scene in Wyoming, United States, since 2016. This educational entity has been helping folks like you navigate the financial markets.
Regardless of whether you’re a day trader, managing a portfolio, or even if you’re just starting on your trading journey, Earn2Trade has something for you.
Through its various “challenges” or gauntlets, they test those aiming to prove their trading skills over a set period.
Additionally, the company provides foundational courses on forex trading, risk management, and technical trading basics if you’re a beginner trader.
How Does Earn2Trade Work?
The method behind Earn2Trade is pretty straightforward. The company uses challenges to gauge your trading skills. Show them you’ve got what it takes, and you could earn a funded trading account.
This account, backed by Appius Trading Limited and Helios Trading Partners, could range from $25,000 to $200,000. And here’s the cherry on top: successful traders keep 80% of their profits.
To break it down in simpler terms, If you want a shot at their bigger funded trading accounts, you must first ace their $25,000 evaluation challenge. You have a minimum of 15 trading days to prove yourself.
But Earn2Trade isn’t just about challenges. The company offers a plethora of tools to aid you. From online courses to trade monitoring webinars to diverse market integration – they’ve got quite a lot under their belt.
Once you surpass the initial test, you can opt for the Gauntlet program, the Gauntlet Mini, or the Trading Career Path. Each comes with its own set of rules. But remember, always trust your gut and your knowledge. Some experiences just can’t be bought or found in courses.
Would I Recommend Earn2Trade?
Without a doubt, I would. Here’s why: Earn2Trade has earned the trust of many prop traders, boasting a commendable 4.7 rating on Trustpilot.
Their vast educational resources ensure you’re well-prepared for the challenges of the trading world. Moreover, with backing from Helios Trading and other partners, they offer ample opportunities to reach your financial goals.
Notably, the company’s mentors aren’t just any traders. They’ve cleared the challenging Series 3 and 34 exams from the National Futures Association (NFA). Also, recognized media outlets like Money, ABC, and Entrepreneur have given them a nod.
What Does Earn2Trade Offer You?
Are you curious about what Earn2Trade brings to the table? Well, let’s break it down. Earn2Trade presents two paths for folks like you who aim to become professional traders.
First, there’s the Gauntlet Mini. Next, there’s the Gauntlet. And if you’re thinking about the long haul, they’ve got a Trader Career Path, too.
Before diving deep, there’s something else you should know. If you’re just starting, Earn2Trade suggests a beginner crash course.
It’s packed with the basics, from technical tidbits to crucial courses and webinars. These resources give you hands-on experience and set the foundation for your trading journey.
Now, about the Gauntlet and Gauntlet Mini – think of them as your trading simulator. They are there to see how you’d fare under real market conditions.
You get some rules, sure, but you also get the freedom to follow any trading plans you fancy.
It’s advised, though, to take a shot at them after you’ve completed the beginner crash.
Succeed, and your results will be handed over to partner firms for review. If they like what they see, you’re in as a prop trader!
What is the Earn2Trade Trader Career Path?
Are you keen to jump straight into the world of professional trading? The Trader Career Path might be your ticket. It starts with an evaluation program.
This is where your trading skills, risk management, and discipline come under the spotlight. Pass, and a prop firm awaits you, ready with a trading account. Your task, then? Grow that account while sticking to certain profit targets and trading rules.
The Gauntlet and Progression Ladder – What Are They?
The Gauntlet is pretty straightforward. Pay a one-time fee of $429 and get 60 trading days with a $25K account. Your goal? A 10% profit. As for the progression ladder, it’s all about contract control.
You’ve got to keep a lid on how many contracts you handle. Yet, if you’re a successful trader, you could increase your open positions as your account balance grows.
And the Gauntlet Mini?
Think of the Gauntlet Mini as a quickfire test of your intraday futures trading exam skills. It lasts 15 days, and depending on your account size, you could be paying a monthly subscription price ranging from $150 to $350.
Each account type has its daily loss limit, EOD drawdowns, profit goals, etc. Do well, and Helios Trading Partners might offer you funded trading accounts. And a cherry on top? You get to keep 80% of the profits you make.
Can You Have More Than One Earn2Trade Account?
Yes, indeed! Earn2Trade doesn’t limit you to one account. But remember to use a different email for each. Helios, their trading partner, permits up to three accounts for each client.
However, you can only get funding for one Junior LiveSim or Junior Live account. Holding many accounts could make it tough to follow the firm’s rules, so think hard before you leap.
How Do You Get Your Payouts?
Each Tuesday, the prop trading firms working with Earn2Trade process payouts. If you want yours, request it by 2:00 PM on the prior Friday. You’ve got options for getting paid – Bank Wires, PayPal, Payoneer, and even cryptocurrencies.
Wrapping Up: Is Earn2Trade a Legitimate Funded Program?
Absolutely! Earn2Trade has been around for over half a decade. The brainchild of two university professors, it’s now managed by a team of dedicated professionals refining the platform’s tools daily.
The company has garnered positive reviews from traders all over the world. Their trading account programs are top-notch, and their educational resources ensure you grasp the complexities of your trading career. Bonuses include access to Journalytix and a bustling free trading community.
In your journey to becoming a successful trader, tools like trading simulators, understanding daily loss limits, setting a profit goal, and having hands-on experience are all crucial.
With Earn2Trade, you get a trusted partner to guide you, immerse yourself in a community of seasoned traders, get access to top-notch trading platforms, and so much more. Click here to sign up for an account and get started. Happy trading!
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