Can you trust EARN2TRADE?
Updated on: 2022.02.18
Hello and welcome back!!
Let’s go through this review of EARN2TRADE to understand if they have the characteristics you are looking for to start becoming a true professional in the trading world.
It is a futures contract trading prop firm that trains, teaches, and matches its successful students with trading finance companies. Their mission is immediately evident: to hire and prepare traders by offering personalized training, mentoring sessions and courses, as well as practical experience to generate professionals. If you successfully complete one of their evaluation programs, you will receive a guaranteed offer from their partner.
I could not find the names of the founders rather than those who are part of it.
Searching on Linkedin, various members appeared who are part of the staff, as a matter of fact we have interviewed Chris, the lead educator for our blog.
Watch this short video to get a good idea about Earn2trade: the company, the online presence, the rules and evaluation programs.
The company provides its address located at 30 N Gould Street, STE 4000, Sheridan, Wyoming. Most of those who are part of EARN2TRADE work remotely throughout the United States and collaborate with freelancers around the world.
They also made available a technical support office based in Budapest in Hungary.
Publishing the address already gives you an indication of how serious the company is.
They provide worldwide customer support around the clock and every day of the week. You can reach out to them via email at firstname.lastname@example.org or call them at 1-888-502-2260.
On social networks such as Facebook, Twitter, Instagram, YouTube and LinkedIn they are very present and you can find a lot of information about them.
There are several evaluations programs that you can choose from.
The most popular Gauntlet Mini program has a range of prices depending on the type of account. Prices range from $ 150 up to $ 350 per month; the Gauntlet program has a cost of $ 429 lasting 60 days which is the only competition phase.
A new plan called Trader Career Path appeared on the site just a few days ago.
We will talk about all of their courses in detail later.
The flagship product of the company is the 6-month Bootcamp at $ 2,499.
Does EARN2TRADE pay well?
There are no restrictions on withdrawing your profits after you are funded. Their partner companies will not require you to make a certain amount of profit, make a certain number of trades, or trade for a certain period of time, before allowing you to withdraw.
All withdrawals are processed once a week on Tuesdays via bank transfer or PayPal. Make sure you enter your withdrawal request at least one day in advance.
The minimum withdrawal amount is $ 100 and there is no withdrawal fee over $ 500.
Is it difficult to get capital to trade with EARN2TRADE?
Let’s get to the heart of this EARN2TRADE review and understand which program is right for you.
You have three programs to choose from, well structured and will require a lot of effort but will be a source of satisfaction once completed with a work foresight worthy of a few prop houses.
Info, account management and restrictions.
The EARN2TRADE competitions concern the trading of futures contracts offered by CME. When you qualify for a tender, you are guaranteed an offer of financing for a real account from the commercial partner who finances the company. The goal is to teach traders to become real professionals.
These programs suit those like you who want to learn, who have skills, but who lack the capital. The challenge you will choose is aimed at evaluating your trading performance by achieving the result, yet following some rules.
Trade for a minimum of fifteen to sixty days depending on the challenge you choose.
Do not reach the daily loss and work within the approved hours.
EARN2TRADE offers a maximum loss limit known as “trailing drawdown”: it means that the amount below which your account must never go down continues to go up every time you make a profit.
When the market moves and hits your maximum loss limit, whether you are in the race or if you are funded.
Both in the race and in the LiveSim account unrealized and realized losses are considered, in regards to the profits only those actually realized will be valid.
The distinction occurs when we talk about a funded account: in this case the unrealized profits are counted and, to be honest, I don’t like it very much because it differs from the tender.
The company does not allow the use of programs that copy trades on multiple accounts. If you complete the evaluation phase and find that you have used them, you will not receive any refunds for the accounts you have used with that method and the tender will fail.
The Gauntlets Mini have no time limit: being monthly subscriptions, you can take as long as you need to reach the profit target.
The Gauntlet Classic, on the other hand, requires a one-time payment, and offers a limited duration of 60 days: you cannot start a Gauntlet Classic and ask for a leave or a break.
Breaking this rule once a week or 30 days out of 60 will cause you to fail regardless of the reason.
If you express your intention to take a few days off EARN2TRADE could be flexible and put your account on hold for the period of time you previously communicated. However, they reserve the right to grant or refuse such requests.
EARN2TRADE, with its prop house Helios, allows you to have up to five multiple accounts, but you can only be financed with one LiveSim account (we’ll see what it is later).
However, I suggest that you trade only one account to get better results and avoid management and concentration problems.
You can trade only when the markets are open, consult the opening and closing times of the markets for your assets.
Typically markets open at 5pm CT, but it can vary; all positions and orders must be closed by 3:10 pm CT until 5:00 pm CT.
HE / LE must be closed by 13:05 CT until 17:00 CT.
ZC / ZW / ZS / ZM / ZL must be closed between 7:45 am and 8:30 am CT and then again between 1:20 pm and 5:00 pm CT.
You can work throughout the day, except on holidays and when the bags are closed.
Let’s start now by seeing in detail the programs that EARN2TRADE makes available to you starting from the newborn: Trader Career Path.
Trader’s Career Path.
I’ll start by telling you that this is the only challenge that offers progressive capital growth: start from $ 25K up to $ 200K in just 5 steps. Your evolution will go through a series of Live accounts ($ 25,000, $ 50,000, $ 100,000 and $ 200,000) as you reach the goal for each step.
When you hit the $ 200K account, the maximum loss becomes static at $ 6K.
You also have Journalytix available for 60 days, and NinjaTrader for the duration of the challenge, as per all the other programs.
The rules are very similar to the other programs: you pay the monthly fee which is $ 150.
You must trade for a minimum of 15 consecutive days at the permitted times, to pass each step without falling below the permitted daily loss.
There are limits to the contracts you can use: you will start with two contracts and then work your way up to fifteen. You will need to self-regulate and as your account grows you will be able to have more available.
If you use more contracts than allowed by the account size and profit levels you will not pass the test.
For example, if you have a $ 25,000 account, you can only use two contracts. The opening of a third contract (of the same property or other) will immediately cause the exam to fail.
If you have a $ 25,000 account, you can open a third contract when you have an account equal to or greater than $ 1,501 in profit ($ 26,501 or more). However, you must make sure that your profits do not fall below this limit while you have three open contracts, otherwise you will fail the test.
When you are funded and you reach the profit target you can withdraw the entire profit (80/20) and move on to the next level: here the max trailing drawdown, the profit target, the maximum daily loss are calculated on the new account and the value will increase.
Do not reach or fall below the minimum account balance (EOD Drawdown).
Unfortunately: there is no option for resetting this challenge if you are struggling with your performance.
The Gauntlet Mini
This tender is a trading exam that, when completed successfully, guarantees the funding of a real trading account with one of Earn2Trade’s trading partners. Gauntlet Mini evaluates your trading performance using a set of rules that you will follow until you have traded for at least 15 days, at the times indicated, and reached the profit target specified by your account size.
The rules include some limits on your daily and total losses, as well as the number of traded contracts. However, there is no time limit imposed. The Gauntlet Mini exam is based on a paid subscription and lasts until you reach your goal or cancel the plan.
You can choose from different account types starting at $ 25,000 for $ 150 up to $ 150,000 for $ 350.
Obviously, for each plan, there are the daily losses not to be exceeded, as the maximum loss of the account. You will have from three contracts up to a maximum of 15.
Do not exceed the maximum order size : follow the scaling plan.
Candidates can reset the Gauntlet Mini at any time for $ 100. This simply restores your account to its original starting balance.
When you pass this evaluation program you will receive an offer for a funded trading account with their partner company. The size of that account is the same as the initial size of the Gauntlet Mini ™ account you used to pass the evaluation.
The Gauntlet Classic
The Gauntlet Classic is a futures trading assessment tool tailored to help you determine if you are ready to make trading your profession.
It is also the final stage of the company’s training program: The Bootcamp.
The company establishes some strict rules to allow the trader maximum flexibility in pursuing their preferred trading strategy.
EARN2TRADE recommends that you try this program only after completing the Beginner Crash Program which I will tell you about later.
The fee to enroll in this challenge is $ 429: actually, it’s just 343,20 with our exclusive discount.
The challenge is to manage a $ 25.0000 trading account in SIM for 60 days. You must trade a minimum of 30 calendar days and at least once a week. In addition, you must reach a 10% profit goal by the end of the program and a maximum drawdown of 10% on your account.
The best features of The Gauntlet Classic are the fact that the max drawdown is static, not trailing.
And it’s well suited to swing traders, as you will be allowed to hold trades open overnight and the week-end.
You have 72 hours to set up and start your account after which the evaluation period will start automatically regardless of your preferences.
You will be able to choose preset stop losses, daily losses and weekly loss limits. You can also set up your own additional rules for the 60-day trial period. However, if you choose to set them you will also have to respect them 🙂
After successfully completing the Gauntlet, EARN2TRADE sends the results to its trading partner who reviews them and will propose you to become a funded trader of his company with a certificate of completion issued by EARN2TRADE.
This program gives you free access to the company’s training and webinar library, and if you exceed expectations you can even get a full refund.
If during your Gauntlet you make a withdrawal equal to or less than 2% of your initial balance you will be entitled to a full refund of your current share.
You will receive this compensation in your LiveSim or Live account and can withdraw it immediately at your discretion or choose to add it to your trading balance.
Once you pass the tender, two types of funded trading accounts are available:
the LiveSim account and the Live account.
LiveSim is a simulated trading account where traders can continue to hone their skills in a simulated environment, having the advantage of being able to withdraw their profits. The simulated environment is populated by a live data feed (provided by Rithmic) and can be traded using a wide variety of trading platforms that integrate with it.
LiveSim is like an optional intermediate step for successful candidates and is intended as a bridge between trading on a simulator and on a real account, with lower fees for the live market data; these can easily rump up to hundreds of dollars per month.
After reaching the $ 5K profit on LiveSim, you will be moved to a real account. Of the profit level of $ 5,000.00, 80% or $ 4,000.00 is withdrawable.
I point out that the main mission of ERN2TRADE is to find traders who can be profitable and, although LiveSim is offered as an option, the lending trading companies, depending on your performance, may decide to provide you with a Live account instead of a LiveSim.
This type of account works in the same way as a real account, including withdrawing profits, but with some additional benefits: LiveSim has a faster setup. you will be able to start working on this account within two days of accepting the funding agreement.
You will be able to get the market data for free for your first exchange. Additional exchanges will cost you $ 105 (seconds and up).
You also need to know that this type of account is only available until you earn your first $ 5,000 (minus the 20% profit split). Next, you will switch to a live account.
Traders who choose to start trading on a Live account cannot return to a LiveSim account later.
Live accounts take longer to set up because they require you to submit some documents pertaining to the company that will fund you.
The monthly fees for live account are higher: data are $ 105 for each exchange.
Beware: Live accounts calculate intraday loss based on both unrealized profits and losses.
For your information, the financing companies that will propose you to work for them and that are EARN2TRADE partners are: Helios ( http://www.heliostp.com/ ) e Appius Trading Limited ( http://appiustrading.net/ )
What about the trading platform?
Here is a list of platforms that can be used:
NinjaTrader® – Recommended;
Finamark (free during competitions, includes a 90 day live trading license)
R | Trader & R | Trader Pro (free)
Overchart (60 days free for new users)
So is EARN2TRADE on your side for real?
As part of your training, you will have personalized educational programs, tutoring sessions and webinars, as well as hands-on experience with a trading simulator.
Lenders always want to know that traders are receiving training from experts who are active in the trading field. Active involvement ensures that you stay up to date with market trends and strategies.
Beginner Crash Course: the intensive course for beginners.
The Beginner Crash Course consists of 60 videos, each lasting between six and ten minutes. They cover the basic and advanced concepts needed for trading and each video ends with a quiz to ensure full understanding of the course
It is a basic program that teaches you the main notions of the market and the general conditions it adheres to, risk management and technical trading. Lessons provide complex concepts in an easy-to-understand format and illustrate topics with simple examples.
Trading training spans a wide variety of topics, including but not limited to trading methodologies, indicators, fundamental and technical analysis, proper psychological conditioning, platforms, and good trading habits are all covered in the video lessons.
EARN2TRADE is serious about teaching you the best practices that should work across a broad spectrum of trading strategies. In this regard, there are countless trading strategies and their functioning (or not) can depend on a multitude of variables. They teach you to identify trends and understand all the options available for your experience to be successful. They will train you on how to do fundamental and technical analysis and, above all, how to stay calm and approach trading with the seriousness it requires.
This is a comprehensive trading course that educates you in the markets, trains you in risk management and technical training. Additionally, upon completion, the course associates you with a lending company.
The course includes a personal mentor who guides you through videos and a webinar catalog of weekly individual sessions after which you will start operating with a trading simulator in which the tutor will supervise your performance.
The Bootcamp is designed to last 6 months.
Your instructor will be able to guide you through any problems you are having with the course material, explain general trading strategies, and educate you on technical analysis. Think of him as a tutor who can give you a deeper insight into the understanding of the lessons or help you understand the material in a more effective way.
Although all tutors have passed the Series 3 (Future) and / or Series 34 (Forex) exam and most are registered with the National Futures Association (NFA), they are unable to trade for you or give you specific trades to carry out.
They will help you with any educational topics you are struggling with. You can book them for 30 minutes or more if you need them.
Our Bootcamp package includes weekly mentoring sessions: it costs $ 2,499 and starts with an introduction to your personal tutor… they don’t waste any time 🙂
The Bootcamp consists of three parts:
Educational, practical, and the challenge.
In the first part you will have video lessons, personal sessions with your mentor, access to the library with all the contents and a simulator;
In the second practical part, you will start trading with a simulator, you will increase your knowledge and the various methods of trading, you will learn to manage and contain risks, you will continue to receive weekly sessions with your tutor and you will start preparing to face the competition.
The third part gets to the heart of your path: overcoming the race.
Can we vouch for EARN2TRADE?
In addition to being recognized by Forbes, its TrustPilot contains 501 reviews, of which 85% have awarded five stars. The overall rating on TrustPilot is 4.6 (where “5” is the highest), which is an extremely high score.
TrustPilot reviews praise the resources available on the site, some even write: “If you are an aspiring future trader, Earn2Trade is an excellent service where you can’t go wrong”. I believe this can make you feel confident about investing and trusting them.
Our final opinion about EARN2TRADE?
Overall, this company is very solid. They are transparent about who they are and provide the physical address of their location. The services they provide are undoubtedly very interesting and it is rare to find them elsewhere. Their site really teaches you everything you need to know about trading in a fun and easy way.
In my opinion, there are however some downsides to Earn2Trade: the high cost of the Bootcamp and the lack of a free trial.
However, even if the price is high, it is certainly a worthwhile investment. To cut costs, I highly recommend visit our page about Special Offers as they offer seasonal discounts exclusive for our readers.
I would recommend any serious beginner trader to invest in Earn2Trade! The resources are excellent, and the lessons teach you things you can’t easily learn in the forums.
With the newest addition: the Trader’s Career Path, they have finally strengthened their weakness: having a program that offers a generous capital growth plan.