Earn2Trade Review 2023 - Is this Prop Trading Firm Still Worth It?

Earn2Trade Overview

What is Earn2Trade?

Earn2Trade is an educational platform that trains traders for futures market success. It provides virtual trading simulations through two funding paths: the Trader Career Path and the Gauntlet Mini.

After making their monthly payment, excelling in the markets on trading days, and passing their trading exam, traders can partner with Helios Trading Partners or Appius Trading Limited. This partnership grants them access to funded trading accounts.

External Earn2Trade Review & Ratings

Here are some reviews from traders who have experienced the platform firsthand:

Features

Earn2Trade offers subscribers a wide variety of essential tools and features to assist them on their trading journey. In addition to the trading simulator (which offers one-click trading), members will have access to the “Beginner Crash Course,” the blog, webinars, online lessons, and the calendar.

It also provides traders with news feeds, economic calendars, and tools for charting. The platform supports various volume chart types (such as range style charts and the normal candlestick chart).

The reporting tool “Journalytix” can be used for trade tracking by recording, categorizing, and analyzing your trades for effective risk management and strategy implementation.

Pricing & Plans

Earn2Trade offers a few different plans, and each one allows traders to take advantage of different funding options. While working through the program, traders will have access to plenty of educational content to learn from. All Earn2Trade plans are billed monthly, with the billing period lasting 30 days.

Free

The Earn2trade platform doesn’t offer any free membership plans. However, various free perks—such as Level 2 data and a NinjaTrader license—are included with the paid evaluation programs.

Trader Career Path

The Trader Career Path is the best option for retail traders who feel like they need a beginner crash course with no specific time restraints. Costing $150 per month, this trading plan allows subscribers to use the trading software to make trades with virtual funds.

Traders begin with $25,000 in virtual capital to use in the futures exchanges. They aren’t limited in which trading styles they can use, but they must meet specific trading goals before graduating to a funded account (listed below).

• Traders must trade for at least 15 days before becoming eligible for a funded account
• Traders must follow the “consistency rule,” a rule that states that a single trading day can’t account for more than 30% of their total profits and losses
• If a trader can reset their Evaluation at any time for $100
• They have a daily loss limit of $550
• The EOD drawdown is $1,500
• The profit goal is $1,750

Upon successful completion of the evaluation period, traders will be able to upgrade to a funded account. They will be able to redeem 80% of the profits they make from their funded account on a weekly basis.

Traders can continue to upgrade their account until they reach $200,000 in funding. As they reach higher levels, the trading program requirements change, making it vital to pay attention to the requirements at each stage.

The Gauntlet Mini

The Gauntlet Mini is similar to the Trader Career path, but these trading accounts allow you to choose your initial starting capital. As before, the starting capital affects your trading goals, so be sure to double-check the specific account objectives. Virtual starting capital ranges from $50,000 to $200,000.

Here are the current costs of each plan:

• $50,000 Virtual Starting Capital: $170 per month
• $100,000 Virtual Starting Capital: $315 per month
• $150,000 Virtual Starting Capital: $350 per month
• $200,000 Virtual Starting Capital: $550 per month

Earn2Trade claims that talented traders will be able to complete the Gauntlet Mini in as little as 15 days. Once completed, traders will be connected to prop firms for funded trading opportunities.

Transition to Funded Trading

Upon successful completion of the Gauntlet Mini, traders are connected with a proprietary trading firm for funded trading opportunities. This transition marks the start of a trader’s professional career.

With the funded account, traders continue to have access to Earn2Trade’s education and support, while they can start earning from their trades. Importantly, traders do not risk their own capital in the funded account—instead, they share in the profits they generate.

Earn2Trade’s evaluation programs and the transition to funded trading are notable features of the platform. They provide a clear pathway for aspiring traders to prove their skills and begin their professional trading careers, without risking their own capital. This sets Earn2Trade apart from many other trading education platforms and makes it a compelling choice for serious traders.

Beginner Crash Course

Earn2Trade offers a comprehensive educational program named the “Beginner Crash Course” to help traders establish a solid foundation in futures trading. This course is ideal for traders who are just starting out and looking to understand the basics, as well as for more experienced traders who may want to refresh their knowledge or pick up new insights.

Course Content

The Beginner Crash Course spans over a wide variety of topics, all intended to offer an understanding of futures trading from the ground up. These topics include:

• Introduction to Futures Trading: This section gives an overview of what futures are, how they work, and why they are an important part of the global financial system.
• Trading Basics: In this segment, learners will be introduced to the essential concepts and terminologies in trading, such as orders, margins, and leverage.
• Technical Analysis: This part of the course covers the crucial aspects of technical analysis. You’ll learn about chart patterns, indicators, and how to use them to make trading decisions.
• Fundamental Analysis: In this section, you’ll understand how macroeconomic data and news events can affect the futures markets, and how to incorporate this information into your trading strategies.
• Risk Management: One of the most vital components of successful trading, this portion of the course teaches the principles of risk management and how to apply them in trading.
• Trading Psychology: This segment of the course covers the psychological aspects of trading, including managing emotions, developing discipline, and cultivating a winning mindset.

Interactive and Flexible Learning

The Beginner Crash Course is an interactive learning experience that allows traders to learn at their own pace. The course is fully online, and you can access the materials at any time that suits your schedule. It consists of a combination of video lessons, written content, quizzes, and practical exercises to ensure that learners get a well-rounded understanding of the subject matter.

Importantly, while the Beginner Crash Course is part of the Trader Career Path program, it’s also accessible to all subscribers of Earn2Trade, even those who are working through the Gauntlet Mini.

This means that regardless of your path to becoming a funded trader, you’ll have the opportunity to strengthen your understanding of futures trading.

Customization and Compatibility with Trading Platforms

When choosing a trading education and funding platform, it’s essential to consider the level of customization and compatibility with various trading platforms. Earn2Trade excels in this area, offering flexible options and integration with popular trading software to enhance the user experience and accommodate different trading styles.

Customization Options

Earn2Trade’s trading simulator allows users to customize their trading environment to better suit their preferences and strategies. Some of the customization options include:

• Chart Types: Users can choose from various chart types, such as candlestick, bar, and range charts, to display market data in a way that best suits their analysis.
• Indicators: Earn2Trade supports numerous technical indicators, allowing traders to apply their preferred tools to analyze market trends and make informed decisions.
• Workspace Layout: Traders can arrange their workspace by resizing and organizing charts, watchlists, and other tools to create an efficient and personalized trading environment.

Compatibility with Trading Platforms

Earn2Trade understands that traders may have preferences when it comes to trading platforms, so they offer compatibility with some of the industry’s most popular software:

• NinjaTrader: Earn2Trade includes a free NinjaTrader license for users who sign up for an evaluation program. NinjaTrader is a widely-used trading platform that offers advanced charting, market analytics, and trade management tools.
• R|Trader Pro: R|Trader Pro, developed by Rithmic, is a comprehensive trading platform that provides users with direct market access and a vast range of tools for trading futures. Earn2Trade offers integration with R|Trader Pro for seamless trading and analytics.
• Other Platforms: Earn2Trade supports connections with several other trading platforms via API, allowing traders to use their preferred software in conjunction with Earn2Trade’s resources.

Earn2Trade’s focus on customization and compatibility with popular trading platforms sets it apart from competitors and ensures that traders can utilize the tools and resources they need for success. This flexibility makes Earn2Trade an attractive choice for traders with varying levels of experience and different trading styles.

Earn2Trade Customer Support and Community

One aspect that potential traders may look for when evaluating a platform is the quality of customer support and community engagement. Earn2Trade understands the importance of a strong support system and the value of learning from other traders. They provide several ways for traders to get the help they need and interact with their peers.

Customer Support

Earn2Trade offers responsive customer support to assist traders with any questions or issues they may encounter while using the platform. Support is available through multiple channels, including:

• Live Chat: Traders can access live chat support directly from the Earn2Trade website for real-time assistance.
• Email Support: For less urgent matters or more detailed inquiries, users can reach out to Earn2Trade’s support team via email.
• Frequently Asked Questions (FAQ): The platform features an extensive FAQ section, where traders can find answers to common questions about the platform, programs, and trading rules.

Community Engagement

Earn2Trade fosters a sense of community and encourages traders to learn from each other. They provide various avenues for traders to connect, discuss strategies, and share their experiences, such as:

• Webinars: Earn2Trade regularly hosts webinars that cover various trading topics, led by experienced professionals. These webinars offer valuable insights and allow for interaction between attendees.
• Forum: The Earn2Trade forum is a platform where traders can discuss strategies, share experiences, and seek advice from fellow users. This community-driven space is an excellent resource for learning and networking.
• Social Media: Earn2Trade maintains an active presence on social media platforms like Facebook, Twitter, and LinkedIn. These channels provide updates, news, and opportunities for traders to engage with the brand and each other.

Earn2Trade’s commitment to providing robust customer support and fostering a strong community sets it apart from many competitors. The platform ensures that traders have the resources they need to succeed and grow, making it an attractive option for those looking to develop their trading skills and pursue funded trading opportunities.

Earn2Trade User Reviews

According to the user reviews aggregated from Trustpilot, Earn2Trade enjoys a high overall rating of 4.7 out of 5 stars, based on 1,429 reviews. This impressively strong rating suggests a high level of satisfaction among the platform’s users.

Many reviewers speak favorably of Earn2Trade as a “company made for traders”, describing the firm as a steadfast partner right from the initial evaluation and throughout their trading journey. Users particularly appreciate the firm’s swift and effective communication channels and the friendliness of its team.

Several reviews highlight the significant learning experience they had with the firm. Users report gaining valuable skills in trading discipline, risk management, and patience. They credit Earn2Trade’s team for being incredibly helpful, facilitating their learning process, and ensuring an enjoyable experience.

Furthermore, Earn2Trade’s platform receives praise for its role in establishing a robust foundation for new traders. Users report a smooth and clear process to get funded, with only a few simple rules to adhere to. The company’s helpdesk is also highly praised for providing prompt responses to issues, adding to the platform’s user-friendly experience.

The Trader Career Path program, a unique offering of Earn2Trade, has also received positive feedback. Users describe the program as challenging but very rewarding. They appreciate the readily available support from the team, which enhanced their learning journey.

Users appear to be thankful for the opportunity provided by Earn2Trade, with several looking forward to continuing their trading journey with the company. The overall sentiment in these reviews indicates that Earn2Trade offers a comprehensive and supportive program for traders at all levels.

Key Tips for Success with Earn2Trade

Now that we’ve thoroughly reviewed Earn2Trade, it would be beneficial to discuss some key tips to enhance your experience and increase your chances of success on the platform.

• Use the Educational Resources: Earn2Trade provides an abundance of learning resources, including webinars, a blog, and the Beginner Crash Course. Use these resources to improve your knowledge and trading skills. The trading world is dynamic, so constant learning is vital for sustained success.
• Practice Risk Management: One of the main reasons traders fail the Gauntlet or Trader Career Path programs is because of poor risk management. Avoid risking too much on a single trade and understand how to manage your trading capital wisely. Make use of stop loss orders to protect your trading capital and maintain a positive risk-reward ratio in your trading strategy.
• Follow the Rules: This may seem obvious, but many traders get caught out by not following the rules laid out by Earn2Trade. This includes meeting the minimum trading days requirement, staying within the daily loss limit, and adhering to the maximum drawdown limit. Failure to abide by these rules can lead to disqualification from the program.
• Utilize Journalytix: This trade tracking and analysis tool can provide valuable insights into your trading performance. It helps identify areas of strength and areas needing improvement, enabling you to refine your strategies effectively.
• Engage with the Community: Learning from others can accelerate your trading development. Earn2Trade offers various channels, such as forums and webinars, to connect with other traders. Share experiences, ask questions, and learn from those who are on the same journey.
• Be Patient: Remember that trading is not a get-rich-quick scheme. It takes time, practice, and patience to become proficient. Don’t rush through the program – take the time to fully understand and apply the concepts you’re learning.
• Customize Your Trading Environment: Earn2Trade allows you to customize your trading platform to suit your needs. Experiment with different chart types, indicators, and workspace layouts to find a setup that best facilitates your trading strategy.
• Start Small: If you’re new to futures trading, consider starting with the Trader Career Path and a lower amount of virtual capital. As your confidence and skill level grow, you can progress to higher levels or opt for the Gauntlet Mini program.

With these tips, you can maximize your experience with Earn2Trade and increase your chances of successfully completing the program and becoming a funded trader. Remember, successful trading is a journey, and platforms like Earn2Trade are tools to help you along the way.

Pros and Cons of Earn2Trade

Like all trading platforms, Earn2Trade has its strengths and areas for improvement. Here are some of the pros and cons based on user experiences and platform features.

Pros

• Comprehensive Education: Earn2Trade provides a robust educational suite, including a beginner crash course, webinars, and a variety of educational resources. This makes the platform excellent for traders looking to expand their knowledge base.
• Clear Path to Funded Trading: The Gauntlet and Gauntlet Mini programs offer a clear, tangible pathway to trading with a funded account. This gives traders a defined goal and an opportunity to start a professional trading career.
• Compatibility and Customization: Earn2Trade is compatible with a variety of trading platforms, and the level of customization available to traders enhances the user experience.
• Risk-Free Trading Environment: The platform’s use of simulated trading accounts allows traders to practice and refine their skills without risking their own capital.
• Interactive Community and Support: Earn2Trade fosters an interactive community and provides excellent customer support, including live chat, email support, webinars, and an active forum.

Cons

• Subscription Cost: The monthly cost for Earn2Trade’s programs can be a hurdle for some traders, especially beginners. While the value offered by the platform is substantial, the upfront financial commitment may be significant for some.
• No Free Trial: Earn2Trade does not offer a free trial, which means potential users cannot test the platform before committing to a subscription.
• Demands Time and Commitment: While Earn2Trade provides the tools and resources needed for success, the onus is still on the individual trader to commit time and effort to learning and trading.
• Limited Product Focus: Currently, Earn2Trade focuses primarily on futures trading. While this is not a downside for those interested specifically in futures, it may not appeal to traders interested in other instruments like stocks, forex, or options.

Is Earn2Trade Right for You?

Earn2Trade isn’t the only virtual trading program that allows users who prove their trading experience to be connected with prop firms for funded trading. However, after a full review of Earn2Trade, it is one of the best value-for-money funded trading opportunities that we’ve seen.

Many competitors constantly change their requirements, making becoming a funded trader harder and harder. Earn2Trade, on the other hand, only appears to make requirement revisions that are beneficial to traders. The transparency is certainly appreciated.

If you’re looking for a straightforward, clearly-defined path to becoming a funded trader then Earn2Trade could be a great opportunity for you. Offering educational materials, a variety of plan options, and a bunch of free perks, we think that Earn2Trade provides subscribers with more than enough to justify the monthly expense.

Click here to take your first step toward becoming a funded trader with Earn2Trade!