The road to becoming a successful trader is not for the faint of heart. The challenge tends to prove more difficult for new traders. However, wherever you are on the journey, it’s important to remember that this is a marathon, not a sprint.
But we are forgetting one key ingredient: capital. No one can launch a trading career without some dough. Recognizing this, you should probably look into prop trading firms.
But knowing where to start can be its own challenge with all the different platforms out there. Which is the best bang for your buck?
This is where the Earn2Trade Review what you are reading is at center stage. In this review, we’ll cover everything you need to know about the platform so you can make money from it–literally.
Earn2Trade Review and Overview
Founded in 2016, Earn2Trade is built by educators and traders with a mission to help individuals get funded. The strategy is two pronged–they are an education provider that trains people in trading as well as a recruitment firm for funded investors.
Earn2Trade is one of many trading education platforms, teaching trading strategies from the most basic level to the more advanced, technical aspects. Traders can use what they’ve learned for personal trading or take a stab at fundraising through the virtual trading simulation tool within the Earn2Trade platform.
Most users choose the latter–they sign up to the service with the goal of passing the evaluation program at the end of their training. Earn2Trade connects passers to one of their proprietary partner trading firms (Helios Trading Partners or Appius Trading Limited).
How to Get Funding
Earn2Trade offers three paths to help traders get funded: the Trader Career Path, the Gauntlet and the Gauntlet Mini. All three use the aforementioned virtual trading simulation tool.
Each track comes with a unique set of program challenges, rules and limitations. Additionally, they all include video sessions, webinars, news feeds and charting tools for educational purposes.
While education is how Earn2Trade markets its platform, it shouldn’t be lost on you for what it is. still business. Clients rely on Earn2Trade to bring them skilled traders who can succeed in the financial markets.
Intro to the Gauntlet
Earn2Trade clearly wants to make sure potential traders are serious about a program with a name like “Gauntlet.” But, for those with the grit and grind, the Gauntlet can be used to see big profits.
Here are the nuts and bolts: the Gauntlet is a 60-day trial that comes with a one-time payment of $429. The set of policies that come with the program include:
- A trading plan must be submitted to the Dashboard
- A $25,000 account must be managed within 60 days
- Maximum 10% drawdown
- 10% profit should be reached at the end of the review
- Trades must be made at least once per week for a minimum of 30 calendar days
Sorry for sounding like an infomercial but it’s not just that! Additionally, those successful in the program are given a conditional offer: if you reach $5,000 in profit, you are eligible to join the prop firm as a limited partner.
The Gauntlet Mini
The mini version of the Gauntlet is a 15-day assessment where account sizes are between $50,000 and $200,000. The price per month for this program is between $170 and $550.
Like its big brother, the Gauntlet Mini has its own profit goals, daily loss limit and EOD drawdown. Other details include:
- No one trading day can give 30% or more of the total profit or loss
- Users must trade for at least 15 days
- Trades must be made at the approved times
- Do not lower the minimum account balance
The Trader Career Path
Finally, the Earn2Trade Trader Career Path is a progression-based analysis you are given a funded account at the time of completion. For $150 per month, this program includes a Ninja Trader or Finamark license, access to the Earn2Trade educational catalog, a 60-day Journalytix license and a simulator profile for training.
This program is best for beginners who don’t want the hassle of a time constraint. Traders start with $25,000 to use on future exchanges and, although this program offers more freedom, it still comes with a set of rules:
- A profit goal of $1,750
- An EOD drawdown of $1,500
- Traders must trade for at least 15 days to be eligible for funding
- A daily loss limit of $550
The Bottom Line–Can You Get Funded?
You should know by now that getting a Account funded by Earn2Trade is no walk in the park. Although it’s not easy, the goal couldn’t be more honest: learn, do well, pass the exam and then get funded.
But don’t let that discourage you. At Earn2Trade’s educational resource and life-like virtual simulators, all it takes to finance is a little desire, dedication and discipline.
If this is you, click here to get started with Earn2Trade today!