Choosing the right Futures prop firm can make (or break) your journey to funded futures trading. This Earn2Trade review will help you decide if it’s the perfect launchpad to achieve your prop firm dreams faster. As a seasoned futures trader, I’m sharing this Earn2Trade review to give those considering their prop firm program a clearer picture of what to expect – from signup and onboarding to platform access, educational resources, and trading requirements.
Background
Established in 2016, Earn2Trade (E2T) in Wyoming, USA, has carved a niche in helping aspiring traders like you reach the professional level. They offer two primary paths: The Gauntlet Mini and The Gauntlet, along with a comprehensive Trader Career Path. Earn2Trade understands the importance of a solid foundation. Their beginner crash course equips you with the essentials – technical analysis basics, crucial courses, and live webinars. These resources provide hands-on experience, preparing you for the challenges ahead.
Fast Facts
- Cost: $89 – $580 (with discount code)
- Max Funding: Unlimited (scale as you grow)
- Days to Qualify: 10 Trading Days
- Profit Share: 80% (standard for prop firms)
- Best Value: Starter Package ($89)
Who is Earn2Trade For?
Earn2Trade caters to aspiring futures traders who want:
- A clear path to prop firm funding with achievable evaluations.
- Access to high-quality educational resources to hone their skills.
- The flexibility to trade multiple accounts and strategies.
- A supportive community of traders (through forums or social media).
Signup & Setup
Forget lengthy applications. Earn2Trade’s signup process is a breeze. In minutes, you’ll be navigating a user-friendly platform thanks to clear instructions and a seamless login process. Choose your program, enter your details, and checkout. You’ll receive login information and setup instructions within minutes.
Gauntlet & Gauntlet Min
Think of these programs as your simulated trading arena. Here, you experience real market conditions, honing your skills before venturing into live trading.
The Gauntlet Mini: A quicker, 15-day intensive testing your intraday futures trading skills. The monthly subscription ranges from $150 to $350, depending on your chosen account size. Each account comes with specific daily loss limits, end-of-day drawdowns, and profit targets. Pass with flying colors, and Helios Trading Partners might offer you a funded account, plus the chance to keep a whopping 80% of your profits!
The Gauntlet: Ready for a deeper dive? This program provides you with a $25,000 virtual account for 60 trading days. Your mission? Achieve a 10% profit target. Here, the focus is on contract control. You’ll need to manage the number of contracts you handle strategically, with the ability to increase open positions as your account grows.
Trader Career Path: Your Path to Prop Firm Glory
Craving a direct route to professional trading? The Trader Career Path might be your answer. It starts with an evaluation program that rigorously assesses your trading skills, risk management, and discipline. Pass this test, and a prop firm awaits, ready to equip you with a live trading account. Here, your challenge is to grow the account while adhering to specific profit targets and trading rules. Success means a lucrative career as a funded trader!
The Progression Ladder: Mastering Contract Control
The Gauntlet integrates a unique progression ladder. This system emphasizes contract control. You’ll learn to manage your open positions strategically, with the ability to increase them as your account balance grows. This instills discipline and teaches you to size positions appropriately for optimal risk management.
Evaluation Pricing
Earn2Trade offers a variety of evaluation packages to fit your risk tolerance and experience. Here’s a breakdown to help you decide:
|
Package
|
Cost
|
Micro Contracts Traded
|
Profit Target
|
Drawdown Limit (Estimated)
|
|---|---|---|---|---|
|
Starter
|
$89 (Discount Available)
|
5
|
$900 (10% of Capital)
|
$700 (8% of Capital)
|
|
Advanced
|
$160
|
6 (30 Total)
|
$2,500 (5% of Capital)
|
$2,000 (4% of Capital)
|
|
Elite
|
$315
|
12 (50 Total)
|
$6,000 (6% of Capital)
|
$3,000 (3% of Capital)
|
|
Pro
|
$580
|
20 (80 Total)
|
$10,000 (5% of Capital)
|
$5,000 (2.5% of Capital)
|
Notice the balance? Starter and Advanced packages have lower profit targets but require less capital at risk. This makes them ideal for beginners to test the waters.
Payout
Earn2Trade goes beyond standard prop firm structures. Here’s what sets them apart:
- 100% Profit Bonus: Earn every penny of your first $15,000 in profits! This is a massive confidence booster for new traders. 80/20 profit share kicks in after that, putting more money directly in your pocket. (For example, if you make $10,000, you keep $8,000 after the profit share).
- Competitive Micro Contract Commissions: Save on trading costs compared to industry averages. Imagine keeping more of your hard-earned profits!
Trading Platforms
Earn2Trade integrates with Rithmic Data feed, a robust platform compatible with numerous trading platforms, including the free NinjaTrader 8. This ensures a smooth trading experience and access to the tools you need to succeed.
Commissions
Earn2Trade offers competitive micro contract commissions, some of the lowest you’ll find among prop firms:
- Micro E-mini contracts: $1 per round trip (significantly lower than most)
Withdrawals
Earn2Trade allows frequent withdrawals (every trading day) if you meet their minimum requirements:
- No minimum withdrawal amount for profits exceeding $15,000.
- $50 minimum withdrawal for profits below $15,000.
Maximum Account Size
Earn2Trade offers unlimited account scaling as you progress. However, your starting funded account size will depend on your evaluation package and performance.
Multiple Accounts
Earn2Trade allows you to trade multiple accounts simultaneously, enabling you to:
- Spread risk across different strategies.
- Scale your trading capital efficiently.
Funded Account Costs
Earn2Trade charges a one-time data fee upon activation of your funded account. This fee varies based on your chosen package:
- Starter Package: $50
- Advanced Package: $100
- Elite Package: $150
- Pro Package: $200
Evaluation Profit Targets
Earn2Trade’s profit targets are achievable, especially on their Starter and Advanced Packages. Here’s a breakdown:
- Starter Package: Target profit of $900 (10% of starting capital)
- Advanced Package: Target profit of $2,500 (5% of starting capital)
- Elite Package: Target profit of $6,000 (6% of starting capital)
- Pro Package: Target profit of $10,000 (5% of starting capital)
Evaluation Drawdown Limits
Earn2Trade utilizes a trailing drawdown rule, meaning your drawdown limit adjusts throughout the evaluation day. Here’s a simplified explanation:
- Imagine your starting capital is $10,000.
- Your maximum allowable drawdown is typically 10% ($1,000).
- If your account value falls to $9,500, your new drawdown limit becomes $500 (10% of $9,500).
This approach allows for some breathing room during inevitable losing trades.
Here’s a breakdown (estimated):
- Starter Package: Starts with a $700 drawdown limit (8% of starting capital)
- Advanced Package: Starts with a $2,000 drawdown limit (4% of starting capital)
- Elite Package: Starts with a $3,000 drawdown limit (3% of starting capital)
- Pro Package: Starts with a $5,000 drawdown limit (2.5% of starting capital)
Educational Resources
Forget cookie-cutter education! Earn2Trade provides a treasure trove of resources, including:
- In-depth video lessons covering a wide range of futures trading concepts and strategies.
- Live webinars hosted by experienced traders, offering valuable insights and market analysis.
- Downloadable trading guides providing comprehensive explanations of essential trading topics.
Customer Support
Need help navigating the platform or have a trading question? Earn2Trade’s responsive customer support team is readily available through various channels, including live chat and email ticketing.
The Final Verdict
Earn2Trade is a strong contender for aspiring futures traders:
- For Beginners: Earn2Trade shines with its affordable Starter and Advanced packages, achievable profit targets, and generous 100% Profit Bonus. The extensive educational resources and supportive community provide a solid foundation to launch your trading journey.
- For Experienced Traders: The flexibility of multiple accounts and strategies, competitive commissions, and potential for unlimited account scaling make Earn2Trade a compelling option.
Here’s a quick comparison of Earn2Trade vs. Uprofit:
|
Feature
|
Earn2Trade
|
Uprofit
|
|---|---|---|
|
Evaluation Pricing
|
More affordable, especially Starter Package
|
Generally lower costs, but Freedom $150K skews the average.
|
|
Evaluation Days
|
10 days
|
5-7 days (varies by program)
|
|
Profit Target Ratios
|
More achievable for beginners
|
Freedom $150K shines here, others are similar.
|
|
Drawdown Limits
|
Trailing drawdown
|
End-of-day (EOD) drawdown (advantage)
|
|
Educational Resources
|
Extensive library of resources
|
Focuses more on webinars and live support
|
|
Best Value
|
Starter Package
|
Freedom $150K (if you can consistently pass the evaluation)
|
While Uprofit offers a unique static drawdown option (Freedom $150K) that might be appealing to experienced traders, Earn2Trade stands out for beginners with its comprehensive approach.
Here are some areas for Earn2Trade to consider improvement:
- Providing more transparency on trailing drawdown limits during evaluations.
- Offering a wider range of markets beyond just futures (some prop firms include stock or options trading).