Trade consistently until every trading day accounts for 30% or more of your overall earnings. The trading industry may sometimes be challenging, and every trader’s initial schooling in the sector is no exception. Numerous trading courses and offers are available, but which one is the finest and which organisation has moral goals to teach you how to become a better trader? Earn2trade is one of the few businesses that act as headhunters looking for true talent. It offers top-notch futures-sponsored trader programmes to assist traders in quickly archiving their objectives. The most significant advantage is that investors may practice trading without putting their own money in danger.
Earn2Trade debuted a brand-new Trader Career Path at the beginning of 2022. Through this path, traders can scale their careers by trading accounts up to $200,000 with a set drawdown. The Gauntlet Mini, an exam designed exclusively for intraday traders, and The Gauntlet, a software for maximum trader flexibility, are two of their other products. This one is an excellent addition to both of them. This Earn2Trade review thoroughly examines all three Earn2Trade-supported trader programmes and outlines their similarities and distinctions.
What is Earn2Trade?
Earn2Trade is a trading education provider that supports traders in their learning process. They also serve as a hiring agency for proprietary trading companies, picking out the finest traders and allowing them to trade funded accounts up to $200,000 in value. Two licenced commodity trading advisors and a former university professor started Earn2Trade initially. The firm is currently handled by a group of traders and instructors who have a passion for assisting traders in obtaining funding after the founders eventually sold their shares in the business.
Career Path for Trader:
Compared to other funded account providers, Earn2Trade is unique. To give traders and investors the broadest range of options, they constantly enhance their offerings, modify their programmes in response to customer requests, and roll out new offerings.
It is also true for the recently launched Trader Career Path, the best prop trading firms, a financed trader programme created to aid traders in developing a scaling strategy for their careers. Therefore, traders always begin by evaluating their abilities on a $25,000 trading exam rather than choosing a particular account size. After passing the test, they immediately receive funding and join a proprietary trading business.
Investors can swap the company’s capital and cash out their gains from this point forward. The distinctive feature of the Trader Career Path is that traders who achieve their goals advance within the company and trade increasingly larger accounts valued up to $200,000. It is unique in the market and enables traders to put up little money for the lowest trading challenge, but as they get better, they may trade more fabulous accounts.
1-Trader Career Path Evaluation Process:
The screening procedure and a $25,000 account with virtual starting money are the first steps in the Trader Career Path. The Trader Career Path assessment requires traders to trade for at least 15 days, are only permitted to change during certain hours, and follow a progression ladder that allows them to sell up to three futures contracts. The daily loss cap is $550, the EOD drawdown is specified at $1,500, and the profit target is $1,750.
2: Live Account for the Trader Career Path:
The daily loss cap, profit target, and drawdown restrictions are all the same as during the evaluation phase. After passing the evaluation process with virtual beginning capital, the trader has two options: continue with a junior lives account or open a junior live account with $25,000 as funding. Both are accessible for profit withdrawal.
Traders that made it through the evaluation procedure gain considerably from the following:
Once Step 2 has been completed, 80% of the earned money may take.
Funded transactions do not have to deposit a monthly subscription fee to Earn2Trade.
There is no longer a requirement to trade for a minimum number of days.
Profits made by traders might take out of the account. Weekly payouts will be paid on Tuesday.
Resets, Trading Platforms, and Commissions:
For a price of $100, the Evaluation may reset at any time. However, an account used for live trading cannot reset. It implies that people who have already traded on a live performance and reached certain milestones, including the drawdown maximum, will need to start over with their Evaluation and the Trader Career Path.
While regular futures contracts are computed with $2.02 fees per side, micro asset commissions are generally between $.0.74 and $1.00 per side. The simulated or actual trading account balance is used to pay the commissions