Earn2Trade vs Topstep 2023
|By: Jeremy Biberdorf|
For an investor or trader, having access to up-to-the-minute financial data to make informed decisions is essential. Even deciding which one to use can be challenging with the available platforms.
That’s why companies like Earn2Trade and Topstep teach education courses and offer traders the chance to become professional traders with a trading firm. Earn2Trade’s platform equips aspiring traders with the fundamental and technical training skills to apply in their trading and the traders program itself.
Topstep is known for providing prospective traders a simulated trading environment to demonstrate their trading skills. Their primary program, the trading combine, allows traders to practice with simulated funds in real-time market conditions.
Each platform has its advantages, but which one offers more value? This Earn2Trade vs Topstep review is tailored to walk you through both services.
|Earn2Trade is Better for:||Topstep is Better for:|
|Professional futures trading||Futures trading|
|For those looking for a more hands-on approach||Educational resources|
|Experienced traders||Less experienced traders|
Before choosing between Earn2Trade and Topstep, assessing both platforms’ unique tools and features is essential. Both platforms are trading education and evaluation companies.
However, some distinctions may make one more appealing to you than the other. So, one platform may be more satisfactory based on your investment goals.
Factor 1: Evaluation
Topstep Has a Easier Evaluation
- Topstep has a lower loss limit
- Earn2Trade has a steeper loss
- Topstep makes the process easier for beginner traders
The concept of Topstep is for traders to create accounts and compete within simulated trials on the trading combine. The trading combine provides an insightful experience for the traders, personal risks are minimized, and in-depth knowledge of future trading is gained. Traders are held to certain restrictions, and those that are successful get access to founded accounts and get to trade with real money.
Getting access to a funded account is the aim of traders coming to Earn2Trade. The platform helps traders build on their knowledge and showcase their skills in the futures market.
Once traders make their monthly payments, succeed in the financial market, and pass their training exams, they can connect to firms to access funded trading accounts. We recommend you read about the Earn2Trade Funded Account to better understand how it works.
Factor 2: Features
Earn2Trade offers Standout Features
- Earn2Trade has a reporting tool called “Journalytix”
- Topstep’s Trading Combine only supports futures trading
- Earn2Trade trading simulator offers offers one-click trading
One thing that makes Topstep stand out among other platforms is its no-fee trading platform TSTrader. TSTrader is the best beginner trading platform, and it doesn’t charge any fee for combined trades. It also includes all the basic charts needed to manage your day trades. It works on any device and also supports third-party add-ons.
Another great feature of Topstep is the different coaching opportunities available. You can ask questions live and have it answered by an industry expert. It offers group coaching so that you can learn without the one-on-one pressure.
Topstep offers its users a thriving community where they may ask questions in an interactive chatroom. The chatroom contains simulated users and funded traders happy to help answer your questions.
You should also go through our Topstep Funded Account to help you know the platform’s strengths and weaknesses.
Earn2Trade offers their customers access to a wide range of essential tools and comprehensive educational programs that covers everything from basic trading concepts to advanced strategies. Their programs include webinars, video lessons, and other educational materials.
The platform also features an analytic tool called Journalytix. This reporting tool enables traders to effectively track their trades by recording, categorizing, and analyzing them. Jornalytix also helps in implementing trading strategies and managing risks efficiently.
Another great feature of Earn2Trade is that it provides traders with economic calendars, news feeds, and tools for charting. The platform supports numerous volume chart types, such as the regular candlestick and range style charts.
Check out our Earn2Trade review to understand its strengths and weaknesses before deciding.
Factor 3: Costs
Earn2Trade Offers Value for Money
- Topstep is more economical
- Earn2Trade offers a 14-day free trial
- Topstep’s lowest plan is slightly more expensive
Earn2Trade offers two payment plans; the trader career path and the gauntlet mini.
The trader career path plan costs $150 per month. Traders get $25000 in virtual capital to use in futures exchanges. This plan has a daily loss limit of $550, and the profit goal is $1750. The EOS drawdown of this subscription is $1500. It also allows traders to reset their evaluations for $100.
To proceed into a funded account, traders must trade for a minimum of 15 days to be regarded for promotion, more so there is a consistency rule which states that “a single trading day can’t account for more than 30% of their total profit or losses”.
The gauntlet mini is akin to the trader career path. However, the gauntlet mini allows traders to choose their starting capital. Starting capital choices affects your trading goals, and traders should be sure to crosscheck the objectives. The virtual starting capital of the gauntlet mini ranges from $50000 to $200000. The four plans under the gauntlet mini are
For traders trading on simulated accounts, Topstep offers three membership options. They also offer a 14-day free trial that doesn’t require the addition of a credit card. Membership fees are paid monthly, and targets are to be met to be promoted to funded status. There are stipulated maximum positions, buying power, weekly loss limit, and maximum drawdowns to be adhered to. The membership options are listed below:
- $50k buying power: this has a monthly price of $165 and is the most popular. The maximum profit target (per step) is $3000, and the daily loss limit is a thousand dollars. Also, it has a trailing max drawdown of $5000 and a maximum position size of FIVE.
- $100k buying power: this plan has a monthly price of $325. The trailing max drawdown of this plan is $6000, and a maximum contract position of TEN. The profit target per step is $6000, allowing a daily loss limit of $2000.
- $150k buying power: this is the most expensive plan offered by Topstep for $375 a month. The trailing max drawdown is $4500, and its maximum position size is 15 contracts. This plan boasts a profit target (per step) of $9000 and a daily loss limit of $3000.
Earn2trade vs Topstep: Our Summary
Choosing between Earn2Trade and Topstep isn’t easy. If you are looking for a straight path to becoming a funded trader, Earn2Trade is your go-to. The educational materials offered and the variety of plans available for you to choose from makes it ideal for someone hoping to become a funded trader. Funded traders pay no monthly fee on Earn2Trade.
Topstep offers similar products to Earn2Trade. However, the membership fees are pretty high, which can discourage traders. The bar for getting a funded account is relatively high compared to Earn2Trade.
The educational range of Topstep supersedes that of earn2trade. For introductory traders, Topstep would be ideal, and for more experienced traders, Earn2Trade would do the trick.
Click here to check out Earn2Trade for yourself.
Earn2Trade Comparison Posts
- Earn2Trade vs OneUp Trader
- Earn2Trade vs Topstep
- Uprofit vs Earn2Trade
- Is Earn2Trade Legit?
- Is Earn2Trade a Scam?
- Earn2Trade Reviews & Ratings
- Earn2Trade Funded Account
Related Prop Trading Firm Reviews:
- Apex Trader Funding Review
- BluSky Trading Review
- Bulenox Review
- City Traders Imperium Review
- E8 Funding Review
- Earn2Trade Review
- Elite Trader Funding Review
- Fidelcrest Review
- FTMO Review
- Funded Trading Plus Review
- FundedNext Review
- InstantFunding.io Review
- OneUp Trader Review
- Smart Prop Trader Review
- SurgeTrader Review
- The 5ers Review
- The Funded Trader Review
- The Trading Pit Review
- TickTick Trader Review
- TopStep Trader Review
- TradeDay Review
- Trader Career Path Review
- Traders With Edge Review
- UProfit Review
- Best Prop Trading Firms
- Best Forex Prop Trading Firms
- Best Funded Stock Trading Accounts
- Best Funded Forex Trading Accounts
- Best Crypto Prop Trading Firms
- Best Futures Prop Trading Firms
- Best Instant Funding Prop Firms
- Best Options Prop Trading Firms