Earn2Trade Review 2024

What is Earn2Trade?

Earn2Trade is a futures trading education and evaluation company. It was founded by Ryan Masten and David Lojko in 2016 in Sheridan, Wyoming. The company offers flexible funded trader evaluation programs and extensive educational content. This provides a pathway for traders of all levels to start trading futures professionally and achieve their goals. The platform teaches various fundamental and technical trading techniques. These techniques can be applied to personal trading outside of the platform, as well as in the trader programs themselves. Most people using Earn2Trade sign up for the service with the intention of passing one of its evaluation programs. Upon completion of a trading plan, Earn2Trade connects traders with one of the proprietary trading firms it works with. However, it’s important to note that Earn2Trade doesn’t support forex trading. The platform focuses on futures trading, making its trader programs less appealing to those who want to gain experience trading different asset types. Earn2Trade offers two main programs: the Trader Career Path and the Gauntlet Mini. The Trader Career Path is more beginner-friendly, while the Gauntlet Mini is essentially a futures trading exam program. Traders are required to follow the specific rules of the trader programs. Trading accounts are required to abide by a number of different limitations, such as the daily loss limit or the drawdown limit. Funded accounts are different from other types of trading accounts because they’re not reliant on your own capital. Instead, you’re able to navigate the financial markets using company funds, which often greatly exceed your own funds. This allows one to make large profits despite not having a lot of their own capital. For a trader who can meet the profit goal and qualify for an Earn2Trade funded account, becoming a funded trader is an excellent way to become a professional trader.

What is the Review Rating of Earn2Trade?

What are the Pros of Earn2Trade?

Earn2Trade is a proprietary trading firm that offers a range of benefits for traders, particularly in the context of futures trading. Here are some of the key advantages:. Educational Resources: Earn2Trade provides a vast repository of educational tools ranging from beginner courses to advanced strategies. Regular webinars provide insights into market trends, while interactive courses help traders master complex concepts. Trading Platforms: Earn2Trade boasts a selection of advanced trading platforms tailored to suit the preferences and needs of diverse traders. These platforms provide real-time market data and user-friendly dashboards, ensuring users have the best tools to navigate the financial markets. Practical Trading Simulations: Earn2Trade offers realistic trading simulations, allowing traders to apply their learning in a risk-free environment. Trader Career Path: Earn2Trade offers a clear and progressive career path, allowing novices to start with basic evaluations. This makes it one of the best prop trading firms for beginners. High User Ratings: Earn2Trade receives positive feedback and high ratings from users, especially on platforms like Trustpilot. Convenience: Earn2Trade is convenient to work with. The subscriber fee can be paid with a bank card or via PayPal. Clients get virtual deposits and detailed instructions on the conditions for making trades. Quality Teaching: Quality teaching by professional traders is provided, approved by the National Futures Association (NFA), which is the most reputable regulator in the futures market. Access to Capital: The best students who trade successfully under set parameters are given access to capital of proprietary trading companies in amounts from $25,000 to $200,000. Please note that while Earn2Trade offers many benefits, it’s important for potential users to thoroughly analyze the pros and cons before opening an account with this firm.

What are the Cons of Earn2Trade?

Earn2Trade is a well-known proprietary trading firm that offers a platform for traders to engage in high-level trading activities. However, like any platform, it has its share of drawbacks. Here are some of the cons associated with Earn2Trade:. Time and Effort Requirement: Success within the packages offered by Earn2Trade requires significant effort and time. This might be challenging for some users who are unable to dedicate the required amount of time. No Free Trial: Unlike some other platforms, Earn2Trade does not offer a free trial. This means potential customers have to commit financially before experiencing the platform. No Forex Market Support: Earn2Trade does not support Forex market trading. This could be a disadvantage for traders interested in foreign exchange markets. Data Fees: Once funded, traders have to pay data fees. This is fairly normal amongst prop firms, but it is still a cost that traders have to bear. Lengthy Evaluation Period: The firm requires 15 trading days to pass the evaluation, which is one of the longest in the industry. Limited Platform Support: Some popular platforms, such as MetaTrader 4 or 5, are not supported. This could limit the options for traders who prefer these platforms. Restrictions on Holding Positions: Traders cannot hold positions overnight. This restriction might not suit the trading strategies of all traders. . While Earn2Trade offers a wealth of educational content and practical experience for aspiring traders, especially in the field of futures trading, the cost and focus of its offerings may only align with the needs or interests of some traders.

Is Earn2Trade Regulated and who are the Regulators?

Earn2Trade is an educational institution that provides trading education and evaluation services. As such, it does not require licensing by any financial regulatory authority. However, it is important to note that Earn2Trade is still regulated by all of the same laws that any non-finance related companies must follow. While Earn2Trade is not directly regulated by financial authorities, it adheres to industry-standard security measures to protect user data and transactions. This ensures that while the company itself is not a broker or an exchange, it still maintains a high standard of safety and security for its users. Furthermore, Earn2Trade partners with regulated brokers to provide traders access to secure and reliable trading platforms. This partnership allows Earn2Trade to offer its users the opportunity to trade in a secure environment, while also benefiting from the company’s educational services. In conclusion, while Earn2Trade is not directly regulated by a financial authority due to its nature as an educational institution, it still adheres to all relevant laws and regulations. It also partners with regulated brokers to ensure the safety and security of its users.