Earn2Trade Review: All Pros and Cons of the Prop Firm
- Comprehensive educational resources
- Access to advanced trading platforms
- Flexible program options
- High profit share of 80%
- Opportunity to manage up to $200,000
- Strong customer support
- Available to international traders
- Leverage is available
- No hidden fees
- Responsive live chat support
- Monthly subscription fees
- Challenging profit targets
- No guaranteed refunds
- Learning curve for beginners
- Strict trading rules
- Requires significant time investment
- Limited to futures trading
- Limited capital for initial challenges
- Requires thorough record-keeping for taxes
- Dependency on market conditions for success
In our in-depth review of Earn2Trade, we’ve tested and analyzed the proprietary trading firm’s offerings to provide potential traders with a clear picture of its pros and cons. Earn2Trade primarily focuses on educating and financing traders. Our evaluation is based on firsthand experience with their educational courses, trading tools, and funding options. Read on to find out more about Earn2Trade.
Summary of Our Expert:
5 Earn2Trade Customer Reviews And Ratings
What Is Earn2Trade?
Earn2Trade is a proprietary futures trading firm founded to empower and finance traders. According to our detailed review, Earn2Trade stands out by offering a unique blend of educational tools and trading challenges designed to simulate real-world trading environments.
Founding and History
Established in 2016 by professional traders and educators, Earn2Trade started to make professional trading accessible. The founders recognized the need for a comprehensive training program beyond theoretical knowledge, focusing on practical skills vital for success in financial markets.
Business Model
Earn2Trade operates on a business model that integrates education with real trading experience. The firm offers various programs, such as the “Trader Career Path” and “The Gauntlet Mini,” where participants learn trading strategies and risk management while trading simulated accounts. Successful completion of these programs can lead to opportunities to manage significantly funded accounts.
Services and Offerings
At Earn2Trade, traders can access:
- Educational Courses: A range of courses covering everything from the basics of futures trading to advanced technical analysis and risk management.
- Trading Simulations: Practical challenges that mimic trading in the fundamental markets, designed to test the traders’ skills under monitored conditions.
- Funding Opportunities: Traders who prove their proficiency can qualify to trade with the firm’s capital, where they keep a percentage of the profits generated.
Is Earn2Trade Legal?
Earn2Trade operates legally and takes security measures seriously to ensure the safety of its users. Here’s what we found about the platform:
Regulation and Compliance
Earn2Trade is an educational institution that is not regulated or licensed by any financial authority. However, it is still controlled by all the same laws that non-finance-related companies must follow. There are no laws or regulations that forbid prop trading.
Safety and Security Measures
In terms of data and transaction security, Earn2Trade employs several advanced measures:
- Encryption: All user data on Earn2Trade’s platforms are encrypted using industry-standard SSL (Secure Socket Layer) technology, ensuring that personal and financial information is protected from unauthorized access.
- Account Safety: Two-factor authentication (2FA) is available for all user accounts, providing an additional layer of security against unauthorized access.
- Continuous Monitoring: The firm uses state-of-the-art cybersecurity protocols to monitor and protect its systems from potential cyber threats and breaches.
Reputation
Since its establishment, Earn2Trade has maintained a solid reputation among its users. It is known for its comprehensive educational content, transparent operations, and responsive customer support. Online reviews and testimonials frequently highlight the effectiveness of its training programs and the professionalism of its approach, adding to its credibility as a trusted educational provider in the trading domain.
Currently, Earn2Trade has a Trustpilot score of 4.7 stars from over 2,100 reviews.
Prop Trading Account Types With Earn2Trade
Earn2Trade offers various account types to suit different levels of trader expertise and financial goals. Our review details each account’s specific features, costs, and benefits, providing you with the information needed to choose the best option for your trading career.
Trader Career Path
This program is designed for those serious about building a career in trading. It comes with two challenge types: TCP25 and TCP50. TCP25 starts with a $25,000 virtual account and allows traders to scale up to a $200,000 account based on performance. The cost to enrol in this program begins with a monthly subscription of $150, which includes access to all educational materials and simulations.
| Aspect | Trader Career Path |
|---|---|
| Starting Capital | $25,000 to $50,000 |
| Contracts | 3 to 6 |
| Profit Goal | $1,750 to $3,000 |
| Trailing Threshold | $1,500 to $2,000 |
| Daily Drawdown | $550 to $1,100 |
| Scaling | Yes |
| Challenge Price | $150 to $190 each month |
The Gauntlet Mini
The Gauntlet Mini™ is a shorter and more intensive challenge, offering traders a fast track to trading with natural capital. It comes in various account sizes ranging from $50,000 to $200,000. The enrollment fee varies by account size, starting at $170 for the smallest and going up to $550 for the largest. This one-time fee covers the challenge period, during which traders must meet specific profit targets and manage risk effectively to qualify for funding.
| Aspect | The Gauntlet Mini |
|---|---|
| Starting Capital | $50,000 to $300,000 |
| Contracts | 6 to 16 |
| Profit Goal | $3,000 to 11,000 |
| Trailing Threshold | $2,000 to $6,000 |
| Daily Drawdown | $1,100 to $4,400 |
| Scaling | Yes |
| Challenge Price | $170 to $550 each month |
The Challenge and Costs of Earn2Trade Explained
During our review, we examined Earn2Trade’s challenge mechanisms and associated costs. You need to know about these challenges and receiving a funded account here.
Challenge Costs
The Gauntlet Mini and Trader Career Path both require monthly subscriptions to attempt the trading challenge. The cost varies based on the account size and potential size of the funded account. Therefore, if you want a larger starting capital, consider going for the more expensive challenge.
What Happens After Passing the Earn2Trade Challenge?
After completing Earn2Trade’s trading challenges, such as The Gauntlet or The Gauntlet Mini, traders undergo a verification process to confirm adherence to all trading rules and achieve set profit targets.
Once verified, traders are awarded a certificate of completion. This certification leads to a funding offer, where traders receive access to a tangible capital trading account, starting with amounts ranging from $25,000 to $400,000, depending on the challenge completed.
Traders manage these funded accounts under Earn2Trade’s guidelines, retaining up to 80% of the profits generated. The program supports ongoing professional growth by providing continuous access to educational resources, trading tools, and performance monitoring.
Successful traders have opportunities to scale up their trading capital, enhancing their potential for higher earnings as they prove their profitability and risk management over time.
Promo Codes for Rebates
Earn2Trade occasionally offers promo codes that provide rebates on enrollment fees for their trading challenges. These promo codes are designed to make it more affordable for new traders to start trading and to encourage ongoing learning among current participants.
Accessing Promo Codes
Traders can find these promo codes through various channels:
- Official Website: Earn2Trade regularly updates its promotions on its website, where traders can directly apply promo codes during checkout.
- Partner Sites: Collaborations with educational blogs and trading forums often feature exclusive promo codes.
- Live Chat: Earn2Trade’s live chat feature showcases promotions you can click on to get the offer.
Utilizing the Rebates
Once obtained, promo codes can be applied during the payment process for any of Earn2Trade’s programs. These rebates can significantly reduce the initial cost, making trading education and challenge participation more accessible.
Payouts on Earn2Trade
Earn2Trade offers a structured weekly payout system that allows traders to access their profits efficiently. Here’s an in-depth overview of the withdrawal process, including critical details and options presented in a table format.
Withdrawal Process and Timing
To ensure timely processing of withdrawals, traders need to follow the specified timeline:
- Submission Deadline: Withdrawal requests must be emailed by 2 PM on the preceding Friday.
- Processing Day: Withdrawals are processed on Tuesdays.
Detailed Withdrawal Table
| Feature | Details |
|---|---|
| Minimum Withdrawal Amount | $100 for live and LiveSim® accounts |
| Withdrawal Fees | No fee for withdrawals over $500; $10 pass-through fee to Rise for withdrawals under $500 |
| External Fees | Banks and crypto withdrawals may charge additional transaction fees |
| LiveSim Account Activation Fee | $139 one-time fee deducted from the first withdrawal; minimum $239 in profits required |
| Withdrawal Methods | Bank Wire, Crypto Withdrawal via Rise |
| Gauntlet Mini LiveSim Cap | Maximum withdrawal of $4,000; must reach $5,000 in profits (20% deducted by the prop firm) |
| Trader Career Path LiveSim Cap | Withdrawal up to the profit target minus 20% deducted for the prop firm; no monthly deductions. |
Trading Platforms of Earn2Trade
Earn2Trade provides access to a variety of powerful trading platforms. Here’s an in-depth look at the primary platforms used during the Trader Career Path and Gauntlet Mini, along with additional trading software options available.
Main Trading Software
NinjaTrader
NinjaTrader is highly recommended for participants in Earn2Trade’s programs and is available for free during the Trader Career Path and the Gauntlet Mini. Known for its comprehensive charting capabilities, market analysis tools, and simulation features, NinjaTrader is ideal for traders who need advanced technical analysis and automated trading capabilities. Its user-friendly interface and robust functionality make it a top choice.
Finamark
Finamark is free during the Trader Career Path and Gauntlet Mini. This platform offers a seamless trading experience with features that support multi-asset trading, including stocks, futures, and forex. Its analytical tools and customizable workspace cater to traders who require flexibility and detailed market insights.
R | Trader & R | Trader Pro
R | Trader and R | Trader Pro are free to Earn2Trade users. These platforms are known for their ease of use and powerful execution capabilities. They support multiple indicators, charts, and different trading tools to help challenge participants to succeed.
Overcharts
Overcharts offers 60 days of free access to new users through Earn2Trade. It is a versatile platform allowing traders to use and organize charts and indicators in a single workspace. Overcharts supports trading directly from the chart and is compatible with various data feeds, making it a flexible option for technical traders.
Additional Trading Software
Earn2Trade also provides access to a broader range of specialized trading software. These include:
- Inside Edge Trader
- Investor RT
- Motive Wave
- MultiCharts
- Bookmap
- Photon
- QScalp
- QSI- Quick Screen Trading
- ScalpTool
- Trade Navigator
- Volfix.net
- Jigsaw Trading
- ATAS Order Flow Trading
- Sierra Chart
- Quantower
Which Broker Is Used by Earn2Trade?
Earn2Trade utilizes EdgeClear as its brokerage partner to provide liquidity and market access for its traders. This partnership ensures that participants in Earn2Trade’s programs, such as the Trader Career Path and Gauntlet Mini, can directly apply their learned strategies in live market conditions using platforms like NinjaTrader and Finamark.
Taxes on Earn2Trade
At Earn2Trade, traders operate as independent contractors responsible for their tax affairs. This setup requires traders to issue invoices to the platform to receive their payouts, which are treated as business income rather than capital gains.
As such, earnings are subject to the trader’s standard income tax rate, not the potentially lower rates applied to capital gains. Traders must maintain detailed records of all transactions, payouts, and other expenses related to their trading activities to ensure accurate tax reporting.
Support and Education
During our review of Earn2Trade, the responsiveness and helpfulness of the customer support team stood out as a significant advantage for traders using the platform. Earn2Trade’s support system is not only accessible but also highly efficient, ensuring that traders receive timely and effective assistance.
The support team is reachable through multiple channels, making it easy for traders to get help whenever needed. Traders can contact the support staff via phone for immediate queries, particularly during trading hours when quick decisions impact trading outcomes.
Email support is available for more detailed inquiries or issues that require thorough documentation and proves to be exceptionally responsive. Additionally, the platform’s live chat feature provides instant communication, which we found to be extremely efficient for resolving quick questions or technical issues directly from the trading interface.
Contact Details
- Phone: No call support, but offers help via Telegram and WhatsApp – +13376066535
- Email: support@earn2trade.com
- Live Chat: Available on the platform during market hours.
Alternatives to Earn2Trade
When considering a career in proprietary trading, choosing the right firm is important to your success and growth as a trader. While Earn2Trade offers comprehensive programs and resources, exploring other options is essential to ensure you find the best fit for your trading style and objectives.
We’ve tested and analyzed several proprietary trading firms that are viable alternatives to Earn2Trade. Our evaluation focuses on each platform’s unique offerings, trading conditions, and educational support, providing you with insights to make an informed decision.
The Trading Pit
The Trading Pit offers a strong community focus, providing webinars and podcasts where traders can interact in real-time. During our review, we found that this setup enhances learning by allowing traders to share strategies and receive immediate feedback. The platform’s straightforward challenges provide a structured approach to obtaining a funded account.
Apex Trader Funding
Our review of Apex Trader Funding revealed that it excels in accessibility and flexibility. The firm offers various account sizes with affordable entry costs, making it ideal for traders with different risk tolerances and capital levels. Apex’s frequent discounts on evaluation programs further lower the barrier to entry. We found that their straightforward profit-sharing structure and support for trading futures and forex provide traders with a practical and accommodating environment.
5%ers
5%ers impressed us with its unique approach to forex trading. Unlike traditional prop firms, 5%ers allocates capital upfront based on a trader’s performance history, which we found beneficial for experienced traders. The generous profit splits of up to 90% and the instant funding programs make this platform appealing for those looking to scale their trading operations quickly. The continuous educational support provided by 5%ers further enhances its value for serious forex traders.
Leeloo Trading
In our evaluation of Leeloo Trading, we appreciated its simplicity and transparency. The platform offers immediate funding after a straightforward assessment, ideal for traders confident in their skills. Leeloo’s minimal restrictions and competitive profit retention rates make it an attractive option for experienced traders seeking autonomy. The precise terms and cost-effective structure further add to its appeal, providing a flexible and trader-friendly environment.
Conclusion
Earn2Trade offers solid educational programs and access to sophisticated trading platforms like NinjaTrader and Finamark, which are provided free of charge. The platform supports its traders with responsive customer service accessible via multiple channels.
Traders can manage accounts up to $400,000 and keep 80% of the profits, making Earn2Trade a practical choice for those committed to advancing their trading careers with focused education and hands-on market experience.
Frequently Asked Questions on Earn2Trade:
What Is Earn2Trade?
Earn2Trade is an educational platform that offers traders training and the opportunity to qualify for funded accounts. It provides structured courses and challenges designed to enhance trading skills.
How Much Does It Cost to Join Earn2Trade?
Costs vary by program, with monthly fees starting at $150 and challenge fees up to $550. These fees grant access to educational resources and the simulation challenges.
What Types of Trading Can I Learn With Earn2Trade?
Earn2Trade focuses on futures trading and provides a comprehensive education in various trading strategies and risk management.
How Does Earn2Trade’s Funding Work?
After completing a challenge like the Gauntlet Mini, traders qualify to manage a funded account, starting from $25,000 up to $200,000, keeping 80% of the profits they generate.
What Countries Is Earn2Trade Available In?
Earn2Trade is available to take on European, Asian, US clients, and more. Earn2Trades has a dedicated page showing which countries are unavailable on their website.
