In the world of futures trading, where knowledge, discipline, and risk management are paramount, Earn2Trade stands out as a reputable company that offers flexible funded trader evaluation programs and a wealth of educational content. Whether you’re a novice trader looking to embark on a professional trading journey or an experienced trader seeking to refine your skills, Earn2Trade claims to have the tools and programs to help you achieve your trading goals. In this in-depth review, we will explore every facet of Earn2Trade, including their mission, educational offerings, evaluation programs, pricing, and more.
Introduction to Earn2Trade
The Mission
At its core, Earn2Trade has a noble mission: to connect aspiring traders with proprietary trading firms. They achieve this mission by offering single-step evaluations on simulated accounts designed to assess candidates’ proficiency, discipline, and risk management abilities. Successful traders who pass the evaluation receive a guaranteed funding offer from Earn2Trade’s partner trading firms. The company also goes the extra mile by providing access to a treasure trove of free educational materials and advanced trading tools, aiming to support traders throughout their journey.
Earn2Trade Educational Content
Earn2Trade sets the stage for success by emphasizing comprehensive trader education. They seem genuinely committed to ensuring that their users are well-equipped with knowledge before stepping into the volatile world of futures trading. Here’s a closer look at their educational offerings:
Educators
Earn2Trade proudly claims that they’ll “hold your hand” throughout your trading education journey. While this might sound like a bold statement, it reflects their commitment to helping traders succeed. Their team of educators likely plays a pivotal role in this process, guiding traders through the intricacies of futures trading.
Developers
The company also promises to provide traders with a “playground” to practice and, ultimately, a “proving ground” to make the transition from being a hobby trader to a professional. This approach is commendable because trading can be a brutal endeavor for the unprepared, and the opportunity to practice in a simulated environment is invaluable.
Educational Resources
Now, let’s delve into the core of Earn2Trade’s educational content. Their website boasts a plethora of materials designed to cater to traders of all skill levels. From beginners to advanced traders, there’s something for everyone:
1. Video Lessons
Earn2Trade offers a library of video lessons covering various aspects of trading, including technical analysis, chart patterns, risk management, and trading psychology. These lessons provide a visual and engaging way for traders to absorb essential knowledge.
2. Trading Manuals
For those who prefer written materials, Earn2Trade provides comprehensive trading manuals. These guides likely serve as essential references for traders, offering in-depth explanations of trading concepts and strategies.
3. Live Webinars
Webinars provide an excellent opportunity for traders to interact with experts, ask questions, and gain insights in real-time. Earn2Trade appears to offer live webinars, which can be invaluable for staying updated with market trends and strategies.
4. Trading Simulators
Simulators are indispensable for practice. They allow traders to execute trades in a risk-free environment, honing their skills without the fear of real financial loss. Earn2Trade’s trading simulators are likely to be crucial tools for traders at all stages of their development.
Earn2Trade Evaluation Programs
The heart of Earn2Trade’s offering is their trader evaluation programs, which serve as a gateway to professional trading. Let’s explore the two primary evaluation programs they offer:
1. Trader Career Path®
The Trader Career Path® program is designed for traders who want to build a long-term career in the industry. Here’s how it works:
- Virtual Account: You begin by testing your trading skills on a virtual account with a balance of $25,000 or $50,000. This virtual account serves as a safe space to practice and develop your trading strategies.
- Pass the Exam: The next step is passing an evaluation exam. Once you successfully demonstrate your trading prowess and meet specific criteria, you’ll receive a funding offer from Earn2Trade’s partner trading firms.
- Trade with Firm’s Money: Upon acceptance, you’ll get to trade with the firm’s capital, which is an exciting opportunity. This means you can potentially scale up your trading without risking your own funds.
- Withdraw Profits: As you trade with the firm’s capital, you can withdraw your profits, further solidifying the financial benefits of this program.
- Meet Targets: To maintain your funded trading account, you must meet certain targets set by the firm. This incentivizes traders to perform well and grow their accounts.
- Gradual Scaling: Successful traders can gradually progress to a funded trading account of $400,000 with a fixed drawdown. This is a significant milestone and offers ample room for growth.
2. The Gauntlet Mini™
The Gauntlet Mini™ program is for traders seeking a quicker path to becoming a funded trader. Here’s how it differs from the Trader Career Path®:
- Fast-Track Evaluation: With this program, you can get funded after just 15 days of trading. This accelerated timeline can be appealing for traders who are confident in their skills.
- Intraday Focus: The Gauntlet Mini™ program is specifically designed for intraday traders. If you prefer shorter-term trading strategies, this program caters to your style.
- Journalytix Integration: An intriguing feature of this program is the integration with Journalytix, a tool likely designed to help traders maintain meticulous trading journals and enhance their performance.
- Strict Risk Management: As with all trading programs, risk management is crucial. The Gauntlet Mini™ program enforces a strict risk management regime, ensuring that traders do not expose themselves to excessive risks.
- Proprietary Trading Firm Funding: Just like the Trader Career Path®, successful Gauntlet Mini™ traders receive funding from proprietary trading firms. This allows them to trade with substantial capital and potentially profit from their trading endeavors.
Earn2Trade Pricing
Earn2Trade’s pricing for their evaluation programs is competitive and flexible, catering to traders with varying budgets and commitment levels. The starting prices of $150 per month for the Trader Career Path® and $170 per month for The Gauntlet Mini™ are reasonable, considering the potential rewards and access to funding opportunities.
However, it’s essential to remember that these are subscription-based services, and traders need to factor in these costs when evaluating the overall value proposition. The ability to recoup these costs through profitable trading makes the programs enticing, but success is by no means guaranteed.
Earn2Trade Customer Support
Quality customer support is crucial for any educational and evaluation service, especially in the realm of trading. Earn2Trade appears to be attentive to this aspect, as they claim to “hold your hand” through the trading journey.
However, it’s important for potential users to thoroughly assess the level of customer support they receive. This includes evaluating the responsiveness of their support team, the availability of educational resources, and the clarity of communication. Additionally, the community aspect of support, such as forums or chat groups, can be beneficial for traders seeking peer interaction and assistance.
Earn2Trade Pros and Cons
Pros:
- Comprehensive Education: Earn2Trade’s commitment to trader education is evident through their extensive library of video lessons, trading manuals, webinars, and simulators. This can greatly benefit traders at all skill levels.
- Flexible Evaluation Programs: The availability of two distinct evaluation programs, each catering to different trading styles and timelines, allows traders to choose the one that aligns best with their goals.
- Competitive Pricing: The pricing for Earn2Trade’s programs is reasonable, and the potential to access funding from proprietary trading firms can outweigh the subscription costs.
- Risk Management Focus: The emphasis on risk management in their programs is a responsible approach, ensuring that traders are not exposed to excessive risks.
- Integration with Journalytix: The integration of Journalytix into The Gauntlet Mini™ program can be a valuable tool for traders looking to maintain detailed trading journals and improve their strategies.
Cons:
- No Guarantee of Success: It’s important to recognize that even with the evaluation programs, success in trading is not guaranteed. Traders must meet specific criteria and perform well to access funding.
- Subscription Costs: While the pricing is reasonable, the subscription model means ongoing expenses for traders. Those who do not succeed in the evaluation may find these costs burdensome.
- Market Risk: Futures trading carries inherent market risk, and traders should be aware of the potential for losses, especially when trading with real funds.
- Customer Support Evaluation Needed: The quality of customer support can vary among companies, and potential users should assess Earn2Trade’s support to ensure it meets their expectations.
Earn2Trade Coupon Codes & Discount
One way to get discounts on Earn2Trade is by using coupon codes that are available online. Coupon codes are special codes that can be entered at the checkout page to get a percentage off or a fixed amount off the original price of the product or service. Coupon codes can be found on various websites that specialize in finding and sharing deals, such as Wethrift, CouponBirds, Helpineedhelp, and Upgradedreviews.
Using coupon codes is a smart way to save money on Earn2Trade and get access to quality education and funding opportunities. However, coupon codes are subject to change and expiration, so make sure to check the validity and terms of each code before using it. You can also subscribe to newsletters or follow social media accounts of Earn2Trade and the coupon websites to get notified of the latest deals and offers.
Conclusion
Earn2Trade presents a compelling offering for traders looking to enter the world of futures trading professionally. Their focus on education, risk management, and evaluation programs is commendable. However, it’s crucial to approach their services with realistic expectations.
While the potential to access funding from proprietary trading firms is an enticing prospect, it comes with its own set of challenges. Trading is inherently risky, and success is never guaranteed. As such, prospective users of Earn2Trade should be prepared to invest time, effort, and capital in their trading journey and thoroughly evaluate their own trading abilities before committing to the evaluation programs.
In conclusion, Earn2Trade appears to be a reputable company with a strong commitment to trader education and development. For those who are serious about pursuing a career in futures trading, their programs may offer a valuable pathway to success. However, like any endeavor in the financial markets, it requires dedication, discipline, and a well-thought-out strategy to navigate the challenges and seize the opportunities that futures trading presents.
FAQ
What is Earn2Trade’s maximum drawdown?
Based on the web search results, the maximum drawdown on The Trader Career Path® and The Gauntlet Mini™ challenges offered by Earn2Trade depends on the account type you’re subscribed to. The drawdown is pegged to your positive account performance and is adjusted at the end of the day and updated after market close.
What is Earn2Trade’s profit target?
Based on the web search results, it seems like Earn2Trade’s profit target is $1,750 within the first month.
What are Earn2Trade’s minimum and maximum trading days?
Based on the web search results, it seems like Earn2Trade requires a minimum of 15 trading days, but no specified maximum number of days.
What are Earn2Trade’s challenge fees?
Based on the web search results, it seems like the fee structure for Earn2Trade’s Live or LiveSim® accounts varies depending on the platform you use.
Does Earn2Trade offer a retry?
Based on the web search results, it seems like Earn2Trade offers a retry.
Does Earn2Trade offer a fee refund?
Based on the web search results, it seems like Earn2Trade does not offer a fee refund.
What is Earn2Trade’s profit split?
Earn2Trade offers an 80% profit split.
Does Earn2Trade offer a scaling plan?
Yes, Earn2Trade offers a scaling plan.
Does Earn2Trade allow expert advisors?
Based on the web search results, it seems like Earn2Trade’s policy on expert advisors is unclear.
Does Earn2Trade offer a free trial?
Based on the web search results, it seems like Earn2Trade does not offer a free trial.
What is Earn2Trade’s minimum deposit?
Based on the web search results, it seems like Earn2Trade’s minimum deposit is unclear.
What are Earn2Trade’s brokers?
Based on the web search results, it seems like Earn2Trade has partnered with Interactive Brokers, TD Ameritrade, and other popular service providers to let users trade a broad spectrum of assets.
What are Earn2Trade’s platforms?
Based on the web search results, it seems like Earn2Trade supports several platforms including NinjaTrader, Finamark, R / Trader & R / Trader Pro, and Overcharts.
What is Earn2Trade’s leverage?
Based on the web search results, it seems like Earn2Trade does not offer a fixed leverage ratio, but instead, it varies depending on the trader’s account size and profit.
Is Earn2Trade legit?
Earn2Trade is a company that provides educational courses and trading simulations for futures traders who want to get funded by a proprietary trading firm. The company claims to be legit and transparent, and it has many positive reviews from satisfied customers who have passed the challenges and received funding. However, there are also some negative reviews and complaints from customers who have failed the challenges or encountered technical issues. Therefore, the legitimacy of Earn2Trade may depend on your personal experience and expectations.
Earn2Trade’s alternatives
If you are looking for alternatives to Earn2Trade, here are some options that you may want to consider: TopstepTrader, The Funded Trader, OneUp Trader, Maverick Trading, FundedNext, FTMO, and so on.
It’s always a good idea to thoroughly research and compare different options before making a decision.
Earn2Trade
$90
Pros
- Very reasonable subscriber fees
- Quality teaching by professional and approved traders
- Access to free trading platforms and powerful analytics
- Trading on the Chicago Mercantile Exchange (CME), which is the world’s largest futures exchange
- Distribution of profits in favor of the trader who receives 80%; the firm whose capital is used in trades gets 20%
- An affiliate program with different types of commissions
Cons
- Clients of Earn2Trade can only trade on futures exchanges
- Restricted to certain trading platforms
- Requires lots of time to study and practice
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
