Earn2Trade is a prop firm (proprietary trading firm) that empowers aspiring traders with the opportunity to earn funded accounts and access valuable educational resources. Established in 2012, they’ve carved a niche in the market, specifically catering to futures traders.
Established Year: 2012 Headquarters: Chicago, USA Website Link: https://www.earn2trade.com/ Regulatory: National Futures Association (NFA) member (ID: 0441409)
Trading Platform: Earn2Trade utilizes a proprietary platform designed for efficiency and ease of use. It integrates seamlessly with the CME Globex electronic trading platform, offering access to a vast array of futures contracts.
Tradable Assets: Earn2Trade focuses solely on futures contracts traded on the Chicago Mercantile Exchange (CME), including popular options like stock indices, currencies, metals, and agricultural products.
Deposits and Withdrawals: Earn2Trade facilitates deposits and withdrawals through various methods, including bank wire transfers, ACH transfers, and credit/debit cards (fees may apply). Processing times vary depending on the chosen method.
Educational Resources: Earn2Trade boasts a comprehensive library of educational resources, including video tutorials, webinars, and written guides, covering various aspects of futures trading, from fundamental analysis to technical strategies. Additionally, they offer a dedicated mentorship program for funded traders.
Customer Support: Earn2Trade provides email and live chat support options. While response times may vary, they strive to address inquiries promptly and professionally.
Pros:
- Funding Opportunities: Earn2Trade offers a unique path to acquire a funded trading account by successfully completing their evaluation challenges (Gauntlet™ Mini or Standard).
- Educational Resources: The extensive educational library caters to both novice and experienced traders, empowering them to hone their skills and develop a sound trading strategy.
- Competitive Profit Split: Funded traders enjoy an attractive 80/20 profit split, incentivizing successful trading performance.
- NFA Membership: Earn2Trade’s NFA membership provides an added layer of trust and transparency for users.
Cons:
- Limited Asset Selection: Earn2Trade’s focus on futures contracts might not be suitable for traders seeking broader asset diversification.
- Evaluation Challenges: Passing the Gauntlet™ challenges can be demanding, requiring discipline and risk management skills.
- Platform Specificity: The proprietary platform, while user-friendly, may require some adaptation for traders accustomed to alternative platforms.
Features:
- Gauntlet™ Challenges: Earn2Trade’s unique evaluation process allows aspiring traders to showcase their skills and potentially secure a funded account.
- Mentorship Program: Funded traders gain access to dedicated mentors who offer guidance and support throughout their trading journey.
- Community Forum: Earn2Trade fosters a community forum where traders can connect, share experiences, and learn from each other.
Final Thoughts:
Earn2Trade presents a compelling proposition for aspiring futures traders seeking funding and educational support. With its structured evaluation process, comprehensive learning resources, and competitive profit split, Earn2Trade empowers individuals to take the leap into the world of prop trading. However, the limited asset selection and platform specificity might not be ideal for all traders. Carefully consider your risk tolerance, skill level, and asset preferences before embarking on your journey with Earn2Trade.
FAQs:
Q: Is Earn2Trade a scam?
A: Earn2Trade is a legitimate prop firm regulated by the National Futures Association (NFA). However, as with any financial venture, it’s crucial to conduct your own research and understand the inherent risks involved in futures trading.
Q: How much does it cost to join Earn2Trade?
A: Earn2Trade charges fees associated with their Gauntlet™ challenges, which vary depending on the chosen option. They also offer discounts and promotions periodically.
Q: Is Earn2Trade suitable for beginners?
A: While Earn2Trade provides educational resources, futures trading is generally considered complex and carries significant risk. Beginners might benefit from gaining experience in other asset classes before venturing into futures markets.