Earn2Trade Review: The Inside Scoop to Help You Choose

I've spent time trading with Earn2Trade, going through their Trader Career Path program. In this Earn2Trade review I'll tell you everything you can expect. From exploring their platform, speaking with support, hanging out in their Discord, navigating the rules, checking out their educational resources, and more, I'll give you the inside scoop so you can decide if it's right for you.

Earn2Trade Review: Fast Facts

• Go from a small $50k evaluation account, up to a $400k+ account (with $20K static loss limit) without risking anything more than your evaluation fee, using their Trader Career Path program.
• Earn2Trade rules, goals, and drawdown limits help set you up for success rather than trapping you with "gotcha" rules that will fail your account. I'll go through all of this below.
• They make it easy for you to take withdrawals, and they pay out 80% of your profits. While not the highest in the industry, it's competitive, and the total package is a good value.
• Their trader dashboard features a vast wealth of training resources for new and experienced traders, containing over 60 training videos and 50+ hours of helpful content.
• The only online prop firm that offers a $20K static drawdown on a funded futures account, means Earn2Trade consistently ranks at or near #1 among the best online prop firms.

Earn2Trade Review: Signup & Setup

Earn2Trade onboarding was very quick and easy. I signed up, paid, and I received the below and they automatically sent all my connection and login details. That email and the welcome email below came within seconds. I plugged everything in to Overcharts and NinjaTrader 8, and I was ready to go in less than 10 minutes. 

The next morning, I opened everything up and began trading. Easy peasy.

Rating: 10/10

Earn2Trade Review: Price

When shopping around, I found E2T wasn't the absolute cheapest out there, but they're very close, and based on the other factors you'll read below, they're a top pick.

The $25k Trader Career Path costs $150, and the 50k TCP costs $190. It's not a direct path to a $200k+ or 400k+ account, but it's the lowest-priced way I'm aware of to get there. Plus, it will allow you to get used to the rules and risk parameters on a smaller evaluation and funded account before graduating to larger funded accounts. Using the buttons on this page, it's 20% off or more.

The

Their Gauntlet Mini program offers four tiers of accounts:

• $50k account: $170/mo until pass
• $100k account: $315/mo until pass
• $150k account: $350/mo until pass
• $200k account: $550/mo until pass

These prices are all attractive, especially when you consider what you're getting in risk. With the $50k account, you're paying $170/mo to be able to risk $2,000. 

If you fail your evaluation by blowing up the account with a rule violation, you can reset it for a fee. That's a one-time $100. The TCP comes with a free reset on each subscription renewal, and you can accrue resets like tokens, good until you cancel.

You can also buy as many resets as you want, there's no limit. But, if you find yourself resetting, I recommend you fix the source of the problem so that you don't have to keep resetting over and over.

Rating: 10/10

Earn2Trade Review: Payout

Your profit split is how much you get paid, and with Earn2Trade, that's 80% of your profits. Earn2Trade is banking on you becoming a successful trader so that they can earn 20% of everything you earn while you're with them. 80% isn't the highest profit split available, but it's close. 90% is the most offered anywhere, and of course that may come with other trade-offs. 

This number is important for our long-term earnings, and we have to make it one of our priorities in choosing a prop-firm partner. 

If you've been trading a while and don't like any of the other benefits offered by earn2Trade, you may look for a program that pays 90%. But don't jump to conclusions yet. There are many pieces of this service that may benefit you, and 80% is still a great split.

Ultimately, it's up to you and how this adds up with the other factors we'll discuss, to fit your preferences, strategy and style of trading.

Rating: 8/10

Earn2Trade Review: Platforms

Platform choice is important, and Earn2Trade gives you plenty of options. You can use anything seen in the list below, and you should be able to use any platform that connects with Rithmic. If it connects with Rithmic but isn't on this list, you might want to contact support to ask if you can use your platform with earn2trade.

Some of my favorites from the list include:

• Quantower
• Overcharts
• Bookmap
• NinjaTrader 8
• SierraChart

I would stay away from Finamark, it's still pretty awful as of Jan 1, 2023.

Although none of this software is perfect, there are some great options and you have a lot of freedom to choose. You won't get much better options unless you go to a traditional prop firm that has their own proprietary software, which tends to be a more involved process. More on that in my article on proprietary trading jobs if you're interested.

Rating: 9/10

Earn2Trade Review: Discord

The Earn2Trade discord server is as good as a trading discord server can be. How do I define that?

1. Activity: Earn2Trade has members active in the trader chat almost any time of the day or night. If you're looking to share ideas or talk about the market, there is probably going to be someone there to chat with.
2. Moderation: The moderators are active and keep spam to a minimum, and pounce on it quickly when it happens
3. Automation: There are automated commands you can type in to get information on a number of topics. If you go to their site and sign up for the discord community (link at bottom of home page), you'll be introduced to those commands upon joining.
4. Quality of users: This is subjective and varies depending on who is online, but the discord members seem to be active traders and serious about trading. There are a few other trading desk pros who pop in occasionally as well.
5. Employee participation and support: Employees of Earn2Trade, and Helios (partner prop firm) are active in the community. You can find them in the Staff Introduction Channel.

It's important to remember that traders in Discords are just people like you. Treat them with the respect you want for yourself, but don't follow their advice blindly.

You can get some good ideas from others, and some bad ones too. you aren't always seeing the whole picture - just what they want to share. So take it all with a grain of salt.

Rating: 10/10

Earn2Trade Review: Commissions

In your Earn2Trade evaluation, you have two options:

•  The default commission of $4.04 per roundtrip, regardless of the contract - including micros.
• Live commissions which vary with each instrument.

Live commissions may be more or less than default. For example, Nasdaq 100 e-mini (NQ) is $3.88 per roundtrip, while the micro Nasdaq 100 e-mini (MNQ) is $1.76 per roundtrip. ES and MES are priced the same, respectively. As you can see, these are both lower than the default commission you would have seen in the evaluation. 

Crude (CL), on the other hand, is a little more expensive, at $4.32 per roundtrip, which is more than the default.

I recommend you opt for live commissions. As you see, these may be higher or lower than $4.04 per RT, depending on what you trade. But they'll be consistent with what you'll see once you have a funded account, and that's what's important. 

To choose that, send them an email after you sign up, saying you want live commissions. When I emailed them, they had me set up with live commissions by the next morning.

All that said, these commissions are competitive but not the best. They're not expensive, not cheap either. 

Rating: 7/10

Earn2Trade Review: Withdrawals

Fortunately for you, Earn2Trade withdrawal policies are some of the best out there.

Earn2Trade processes withdrawals every Tuesday. To get your withdrawal on Tuesday, you need to request it by 2pm Friday. No other requirements, but you must have enough profits to withdraw, of course. This is a simple requirement compared to many other firms, and simple is good. 

The minimum withdrawal is $100, but there will be a processing fee unless you withdraw over $500.

Note: Since Earn2Trade only charges a setup fee on funded accounts if you withdraw, your first withdrawal will also include that fee. That will make the minimum for the first withdrawal $239

As with all other prop firms, you still have to maintain your minimum account balance threshold. Don't withdraw so much that you put yourself close to your max drawdown where you risk losing your account.

Rating: 9/10

Earn2Trade Review: Withdrawal Methods

Earn2Trade processes withdrawals through Deel, which is a third-party payout and withdrawal method. From Deel, you can withdraw through:

• Bank Transfer (ACH or SWIFT)
• Revolut
• PayPal
• Wise
• Payoneer
• Coinbase (5 cryptocurrencies)
• Binance (BUSD)

I've never had any problems with Earn2Trade, or with Deel. PayPal, as you know, can be difficult to deal with sometimes, so I'd recommend setting up ACH to withdraw from Deel.

You might want to be thoughtful about withdrawing into crypto, since you're basically making a new trade with that money. And you won't have control over the time or price at which you purchase the crypto. Is that something you want to do? Probably not.

Rating: 10/10

Earn2Trade Review: Max Account Size

Earn2Trade's max account size is 400k, but you can get more. In the Trader Career path, when you've reached the 400k level and reach your profit target there, you may be offered a larger custom account at their discretion. If you've performed consistently with good risk management, you might receive a custom offer, but that's entirely up to the firm.

If you look at how this 400k account size compares to other futures trading evaluations out there, it's currently the highest. This factor isn't as important as the drawdown limits and rules on the account, though. Those will have more effect on what you can and can't do in the account, and ultimately your success or failure.

Rating: 10/10

Earn2Trade Review: Multiple Accounts

Earn2Trade doesn't allow multiple accounts traded simultaneously, so your best bet for maxing out your capital with them is to go through the TCP and get a custom offer as described above.

Having multiple accounts isn't for everyone. This may be important to you, or you may be better off with just one account - at least until you've proven yourself for a while. Up to you.

Rating: 4/10

Earn2Trade Review: Evaluation Profit Target

Earn2Trade makes this as easy or easier than all the other firms out there.

Your Earn2Trade evaluation profit target is how much you have to get funded and/or progress to the next level (TCP) or to earn your funded account (Gauntlet Mini). It's a percentage of your starting balance.

For the Trader Career Path (TCP,) it's 7%. For the Gauntlet Mini (GM), it's 5-6% depending on your tier. All of these are reasonable profit targets compared to the rest of the industry. In fact, 5% is the lowest (best) currently offered anywhere.

It's important to note that after passing the first level of your Trader Career Path, every subsequent level allows you to withdraw profits. You progress to the next level when you've withdrawn 80% of your profit target.

The ability to keep taking withdrawals while leveling up makes the TCP unique and valuable for traders looking to grow their trading into a career.

Rating: 10/10

Earn2Trade Review: Evaluation Drawdown Limits

Earn2Trade evaluation drawdown limits are fair and competitive.

They have a daily loss limit and a max drawdown limit, in both their Trader Career Path and Gauntlet Mini programs.

TCP gives you a 2.2% daily loss limit and 6% trailing max drawdown. Both are calculated based on your starting balance.

So, in the 25k TCP, your daily loss limit is $550 and is the same every day. max drawdown of 6% = $1500. This puts your max drawdown threshold at $23,500. 

If you never make a profit and just lose every day, you'll fail your evaluation when the account value hits $23,500. If you make a profit, that threshold trails, or adjusts, up by the amount of your (EOD) end-of-day profit. So, if you earn $500 on day one, your new account balance is $25,500, and your new max drawdown moves to $24,000.

Unrealized profits during the day will not cause your max drawdown threshold to rise. Closed profits during the day won't either. It's only your EOD profit that can adjust it. Be aware that this does change at the 100k level in Trader Career Path, where there is an intraday trailing threshold.

In the Gauntlet Mini, the trailing max drawdown threshold works the same way, but the percentages are a little different. The daily loss limit is still 2.2%. The max drawdown percentages range from 3.5% - 6%, with lower percentages at higher account values. 

Rating: 8/10

Earn2Trade Review: Funded Account Drawdown Limits

For percentages and an explanation of how the trailing max drawdown threshold works, see Earn2Trade Evaluation Drawdown Limits above. The percentages are the same as in that section.

In the funded account, there's one main difference - where the threshold stops trailing. In the TCP program, at each level, the trailing threshold stops trailing when it reaches your starting account value.  In the $200k level, it's a fixed max drawdown at $194,000. At the $400k level, it's a fixed max drawdown to $380,000

In the Gauntlet Mini program, the threshold stops trailing when it reaches whatever account level you started at, (i.e., $50k, $100k, $150k, $200k). For example, when a $50k account with a $2,000 max drawdown: when you profit $2,000 and your account balance is $52,000, your max drawdown threshold is at $50,000 and will stay there for the life of your account.

Rating: 8/10

Earn2Trade Review: Rules

Earn2Trade rules are on the simple side of what's out there. Although they're not as easy to find on the web site as I'd like, they're all on the site. They're not hiding anything, no "gotcha" fine print. I asked all the questions, to the point of being slightly annoying, I'm sure.

Earn2Trade Evaluation Hard Rules (breaking will fail the account):

1. Don't hit drawdown limits, daily or max (pay attention to net loss including commissions)
2. Don't exceed max contract size. The TCP has a progression ladder for this (shown in the next section). For the Gauntlet Mini, it's whatever is stated in the account tier you choose.
3. See rules about holding overnight, weekends, holidays, and news trades - covered below

E2T Eval Soft Rules:

1. Consistency: 30% rule. If you have a day that makes up more than 30% of your profits, you have to trade (and make more) until that day no longer makes up 30%. Example: My target is $6k to pass my evaluation. I make 3k one day, and then over the next 9 days I reach 6k. Although I've reached my goal, I'm not done, because $3,000 is 50% of $6,000. I have to get it down to 30% of my total, so I have to make a total of $10,000 to pass.

Some people complain about these consistency goals, and I get it. It's a pain in the butt. However, I know exactly why they do it...and I hate to break it to you, but they're right to do it.

Over all my years of trading in prop firms, for myself, or managing client accounts, I can tell you that consistency is key. Consistent returns over time add up, but it's not just that. Consistency means much lower risk. Firms don't want traders swinging for the fences or gambling. Traders with wild Profit/Loss swings are a red flag. They're unpredictable, and that exposes the firm to large potential losses. 

And it's good for you, too. Consistent profits make your life easier and less stressful. Treat trading like a business. Consistent, disciplined trading lets you grow your business over time, which is exactly how it should be.

Rating: 9/10

Earn2Trade Review: Sizing & Scaling

Earn2Trade does sizing and scaling the right way. That was one of the first things I looked into with them, because one of their top competitors...doesn't.

What do I mean, by doing it right? Let's look at an example.

Say you're trading a $100k account.  Your loss limit is $3,500. You trade the e-mini Nasdaq 100 futures (NQ), and you open a position with one contract (minimum size). You're risking 40 points (roughly .35% as of this writing) to make 80 points. Your trade doesn't work, and you lose 40 points. That's a loss of roughly -$804 after commission. One loss, no big deal. But if you have just three more losses like that before getting a win, you'll be less than $300 from blowing up your account, and you can't even take that next trade properly. In volatile markets, this situation could easily unfold in one day.

How do you avoid this? Simple. Trade micros.

Micro contracts are just like they sound. It's a smaller version of the e-mini. 1/10 the size of one e-mini, to be exact. Using our example above, you'd be risking $81.76 in that trade rather than $804. If you want to risk a little more, you can use more micros. 2 of them gives you ~$164 in that trade. At that rate you could have three losses in a day, and you'd be down less than $500. That gives you 7 days like that (heaven forbid) before you blow up your account.

Sizing your trades correctly is the foundation of risk management, and if you want to succeed long term, it's required.

How does Earn2Trade handle sizing and allow you to manage risk properly? Simple - they treat micros correctly, as 1/10 of an e-mini, so you can adjust your risk like I described above. 

That said, you'll have no problem taking enough e-mini OR micro contracts to reach your goal or to blow up your account, so it's still up to you. But that's a good thing. Earn2Trade is giving you what you need to do it correctly.

For the Gauntlet Mini, their sizing is:

• $50k: max 6 contracts (60 micros)
• $100k: max 12 contracts (120 micros)
• $150k: max 15 contracts (150 micros)
• $200k: max 16 contracts (160 micros)

For the TCP, it's based on a progression, shown here (for micros, just multiply the contracts # by 10):

Rating: 10/10

Earn2Trade Review: Trading News

Earn2Trade news rules are great. There aren't any. It's up to you how you trade.

I can elaborate on this a little, but it's straightforward. If you lose money because you're trading news, that's on you, of course. Earn2Trade isn't going to protect you from that. If you have a news strategy that makes money and isn't overly risky, you should be fine. I'm guessing they might have an issue if you took on big positions trying for windfall profits on data releases, or something like that, but I haven't tested that theory.

I do have a few news strategies that I use with good R/R, and I've traded them, and they haven't had any issue with that.

Manage your own risk, and make sure you understand the risks you're taking. For example, you probably don't want to hold large positions into an FOMC Statement release during volatile times. That would be a gamble, and if it goes against you, you'll have more slippage than you might like. But that's in your hands.

Rating: 10/10

Earn2Trade Review: Holding Overnight, on Weekends, & Over Holidays

Earn2Trade (and most prop firms) say NOPE on this one. If you want to swing trade, consider getting a separate swing trade account with a brokerage.

Earn2Trade doesn't allow overnight swings of any kind, meaning when the futures markets are closed, you have to be flat: 

• All positions and working orders must be closed by 3:10pm CT until 5pm CT.
• HE/LE must be closed by 1:05pm CT until 5pm CT.
• ZC/ZW/ZS/ZM/ZL must be closed between 7:45am-8:30am CT and then again between 1:20pm-5pm CT.

You can trade again as soon as markets reopen (5p CT for index contracts, for example). So you can technically hold overnight through the globex session. Or you can do what I do and enjoy your evening, spend time with loved ones, get some exercise, relax, refresh, get some good sleep and come back ready to trade again in the morning.

If for whatever reason something happens and you're not able to close your trades and cancel orders, you can contact support and they'll help you.

Earn2trade doesn't place additional restrictions on Holiday trading, but you have to follow the adjusted market hours, early closures, etc..

Rating: 7/10

Earn2Trade Review: Education

Earn2Trade Education is one of the most organized and thorough offerings available among trader funding firms. Full disclosure, I haven't watched most of the educational material, because it's nothing new to me, but I've watched enough to verify the quality of it.

Nobody can promise you the things you learn will lead you to profitable trading. But if you're relatively new to trading, or you feel like you need some direction, they provide plenty of information. In fact, this is one reason their proprietary firm partners (Appius and Helios choose to work with Earn2Trade). 

The trader dashboard has 62 webinars, over 50 hours of video content, and written guides on everything from fundamentals to technical patterns to risk management and psychology.

If you're still searching for a trading strategy, a quick note: The most important factor in your education as a trader is that you pick a measurable, repeatable and profitable strategy and stick to it. Focus on your plan and follow that plan in each trade, and don't change your plans or strategy just because a few trades didn't work out well.

Rating: 10/10

Earn2Trade Review: Markets Traded

Earn2Trade allows you to trade futures (CME, NYMEX, COMEX, & CBOT). You have access to micro e-mini contracts at their normal ratio of 10 micros = 1 e-mini contract.

This is pretty standard for futures trading evaluation firms. Tradable futures assets include indices like the Nasdaq and S&P 500, crypto, metals like gold and silver, treasuries, bonds, and currencies.

Rating: 10/10

Earn2Trade Review: Support

Every time I've contacted support with Earn2Trade, I've received a timely response that answered my questions. 

They offer live chat support (within a few minutes), email support, WhatsApp support, and Telegram support.

Their Discord server also provides support, both from admins and other users.

Rating: 10/10

Earn2Trade Review: Final Verdict

Coming from the traditional prop firm world, it's rare that I find a newer prop firm I like and want to recommend. Earn2Trade is one of the rare, good ones. I feel they have a win-win approach and make trader success a priority, so that the trader and prop firm can have a long, profitable relationship.

Earn2Trade is ranked as my favorite prop firm for beginners, but it's a solid choice for experienced traders, as well.

Overall Rating: 8.95/10

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