Earn2Trade is a well-known prop trading firm from the United States.
But is Earn2Trade a scam?
No, it isn’t!
Our review and experience show that Earn2Trade is a safe proprietary trading firm.
You can share your experiences with Earn2Trade within our comment section.
Table of Contents
Key Takeaways
- Earn2Trade is a legit prop trading firm with a generous 80/20 profit split and maintains a strong reputation of regular, on-time payouts to traders
- Trade Futures and stocks with Earn2Trade, and learn the ins and outs of prop trading through their comprehensive Beginner Crash Course
- Get the full picture with our review of Earn2Trade – features, pros, cons, discounts, and everything you need for an informed decision
About Earn2Trade
Our research, first-hand experience, and the feedback of other users all indicate that Earn2Trade is a safe and reliable prop trading firm. It is focused on training new futures traders. Not only Earn2Trade offers traders a reliable way to make a living, but also helps them learn to trade with this platform’s extensive resources.
It uses the evaluation program to find skilled traders through a simulated account. And once you pass the test, you’ll receive a funded account from a partner prop firm like Helios Trading Partners or Appius Trading Limited.
| Name | Earn2Trade |
|---|---|
| Website | www.earn2trade.com |
| Company | Earn2Trade LLC (for US traders); EDX Education Services LLC (for non-US traders) |
| Address | 30 N Gould St Ste 4000, Sheridan, Wyoming, 82801, United States (for US traders); Churchill Executive Tower, Office no. 3013, PO Box 3808, Business Bay, Dubai, United Arab Emirates (for non-US traders) |
| CEO | Osvaldo Guimarães |
| Founder | Ryan Masten |
| Founded | 2016 |
| Contact | Live Chat, Mail, WhatsApp, Telegram |
| [email protected] | |
| Phone Number | not available |
| Starting Capital | $25,000 to $400,000 |
| Profit Share | 80% |
| Evaluation | at least 10 days |
| Fee | $150 to $550 per month |
| Payment Methods | Credit Card, PayPal, bitpay |
| Instruments | Futures |
| Platform | NinjaTrader, Finamark |
| Withdrawals | once per week |
| Languages | English, Spanish, Portuguese, French, Arabic |
The prop firm partners with the highly regarded Universiapolis International University of Agadir in Morocco, which increases its credibility as a prop firm. The firm was founded in 2016 by Ryan Masten in Wyoming, USA. Currently, Osvaldo Guimarães is the CEO of the company.
Users from the USA are handled by the USA headquarter, while traders from other countries are handled by EDX Education Services LLC in Dubai for legal reasons.
Safety and Regulation
After using the product, we can say with confidence that Earn2Trade is an entirely legit company. Though they are not regulated due to not being a brokerage company, they have taken serious measures to ensure trader safety. They have several regulations in place to protect the traders and are completely transparent about their operations.
They have been operating since 2016 and have earned a good reputation among the trader community. Their goodwill is reflected in the reviews their users left on Facebook and Reddit.
Accepted Countries
Usually there’s no restrictions for countries from the end of Eearn2Trade. However, prop trading is banned in some countries and that’s why you might be unable to access their service in those countries. Here’s the list of the most important countries based on availability.
- Australia: Yes, registration is possible
- Canada: Yes, registration is possible
- Ghana: Yes, registration is possible
- Hong Kong: Yes, registration is possible
- India: No, registration isn’t possible
- Ireland: Yes, registration is possible
- Kenya: No, registration isn’t possible
- New Zealand: Yes, registration is possible
- Nigeria: Yes, registration is possible
- Pakistan: Yes, registration is possible
- Philippines: Yes, registration is possible
- Singapore: Yes, registration is possible
- South Africa: Yes, registration is possible
- United Kingdom: Yes, registration is possible
- United States: Yes, registration is possible
Evaluation Process
Our team discovered through using this product that Earn2Trade has two career paths for traders: Trader Career Path and The Gauntlet Mini Path. The trader career path is a gradual path to becoming a trader and is suitable for beginners who want to adapt to the rules and trading strategies.
The Gauntlet Mini Path is a one-step process for becoming a trader and is perfect for experienced traders.
Trader Career Path
It’s best for retail traders who don’t have much experience in prop trading. There are two trader career path programs for you: TCP25, TCP50 and TCP100. The starting capital balance for TCP25 users will be 25k USD, for TCP50 users, it will be 50k USD, and for TCP100 users, it will be 100k USD. Remember, it’s not real money, and these are virtual funds. The profit target for TCP50 will naturally be bigger than TCP25. Also, the monthly pay for TCP50 is bigger than that for TCP25.
However, the loss limit for TCP25 will be lower than TCP50, and you will enjoy less flexibility.
| Starting Capital | $25,000 | $50,000 | $100,000 |
|---|---|---|---|
| Profit Target | $1,750 | $3,000 | $6,000 |
| Maximum Daily Loss | $550 | $1,100 | $2,200 |
| Maximum Loss | $1,500 | $2,000 | $3,500 |
| Minimum Trading Days | 10 | 10 | 10 |
| Fee (per Month) | $150 | $190 | $350 |
| Discount | Check now | Check now | Check now |
Suppose you chose a TCP25 account. You’ll be given an account with a virtual balance of 25k USD in the trading simulator. If you meet the required profit target following all the trading rules and regulations, you’ll receive a virtual live SIM account.
In this account, you’ll get real-time financial market condition to trade in and make profits. You’ll receive a live account with 25k USD to trade in if you meet the profit target. If you continue to hit the profit targets, you’ll continue to climb up the progression ladder until you get an account with 200k USD.
The TCP50 account holders can scale up their account to a maximum of 400k USD.
For TCP25 Accounts:
| Progression Stage | Account Type | Initial Capital |
|---|---|---|
| Level 1 | Virtual | $25,000 |
| Level 2 | Virtual Live SIM or Live Account | $25,000 |
| Level 3 | Live Account | $50,000 |
| Level 4 | Live Account | $100,000 |
| Level 5 | Live Account | $200,000 |
For TCP50 Accounts:
| Progression Stage | Account Type | Initial Capital |
|---|---|---|
| Level 1 | Virtual | $50,000 |
| Level 2 | Virtual Live SIM or Live Account | $50,000 |
| Level 3 | Live Account | $100,000 |
| Level 4 | Live Account | $200,000 |
| Level 5 | Live Account | $400,000 |
For TCP100 Accounts:
| Progression Stage | Account Type | Initial Capital |
|---|---|---|
| Level 1 | Virtual | $100,000 |
| Level 2 | Virtual Live SIM or Live Account | $100,000 |
| Level 3 | Live Account | $150,000 |
| Level 4 | Live Account | $200,000 |
| Level 5 | Live Account | $400,000 |
The Gauntlet Mini
This Gauntlet Mini program is for professional traders who are already skilled in the prop trading business. Unlike the TCP models, there’s no progression ladder here. Drawing from our experience, we can confirm that you can become a trader quickly by passing the one-step evaluation test if you have the required trading skills.
You must hit the specified profit target within the given trading days while following all the trading rules to do so.
| Starting Capital | $50,000 | $100,000 | $150,000 | $200,000 |
|---|---|---|---|---|
| Profit Target | $3,000 | $6,000 | $9,000 | $12,000 |
| Maximum Daily Loss | $1,100 | $2,200 | $3,300 | $4,400 |
| Maximum Loss | $2,000 | $3,500 | $4,500 | $6,000 |
| Minimum Trading Days | 10 | 10 | 10 | 10 |
| Fee (per Month) | $170 | $315 | $350 | $550 |
| Discount | Check now | Check now | Check now | Check now |
Challenge Trading Rules
Here are the challenge rules you’ll need to follow:
- Profit Target
- Profit Split
- Trading Period
- Minimum Trading Days
- Maximum Daily Loss
- Maximum Loss
- Maximum Position Size
- Maximum Capital Allocation and Multiple Accounts
- Trading Types
- Leverage
- Trading Style
- Trading Hours
- News Trading
- Weekend and Overnight Trading
- Expert Advisor
- Copy Trading
Profit Target
The profit targets for TCP25 and TCP50 are $1750 and $3000, respectively. While using the program, we found that as you succeed at each level, a bigger funded trader account is unlocked for you with a larger profit goal.
Profit goals vary for different gauntlet mini accounts.
| Gauntlet Mini | Profit Target |
|---|---|
| GAU50 | $3,000 |
| GAU100 | $6,000 |
| GAU150 | $9,000 |
| GAU200 | $11,000 |
To reach the profit goal, you need to maintain consistency. So, no single trading day can account for more than 30% of your total profit during the evaluation. That’s to identify skilled traders, and ensure you avoid being reliant on lucky trades, and build a habit of responsible and consistent trading with the virtual trading simulation tool.
Profit Split
The firm keeps 20% of your profit, while you take home the rest of 80%. The profit-sharing ratio is quite generous compared to other prop trading firms.
Trading Period
There’s no trading duration limit, as you can take as many days as you need to reach the profit target. However, you must ensure you don’t take maximum or maximum daily loss to prevent failing the evaluation test.
Minimum Trading Days
There’s a minimum trading period of 10 days. So, even if you hit the required profit target before that, you’ll need to continue trading. The rule is intended to encourage consistent and safe trading and discourage reckless and emotional decisions.
Maximum Daily Loss
There’s a daily loss limit for all the evaluation tests:
For TCP25:
| TCP25 Level | Account Type | Initial Capital | Daily Loss Limit |
|---|---|---|---|
| Level 1 | Virtual | $25,000 | $550 |
| Level 2 | Virtual Live SIM | $25,000 | $550 |
| Level 2 | Live | $25,000 | $550 |
| Level 3 | Live | $50,000 | $1,100 |
| Level 4 | Live | $100,000 | $2,200 |
| Level 5 | Live | $200,000 | $4,400 |
For TCP50:
| TCP50 Level | Account Type | Initial Capital | Daily Loss Limit |
|---|---|---|---|
| Level 1 | Virtual | $50,000 | $1,100 |
| Level 2 | Virtual Live SIM | $50,000 | $1,100 |
| Level 2 | Live | $50,000 | $1,100 |
| Level 3 | Live | $100,000 | $2,200 |
| Level 4 | Live | $200,000 | $4,400 |
| Level 5 | Live | $400,000 | $8,800 |
For TCP100:
| TCP100 Level | Account Type | Initial Capital | Daily Loss Limit |
|---|---|---|---|
| Level 1 | Virtual | $100,000 | $2,200 |
| Level 2 | Virtual Live SIM | $100,000 | $2,200 |
| Level 2 | Live | $100,000 | $2,200 |
| Level 3 | Live | $150,000 | $3,300 |
| Level 4 | Live | $200,000 | $4,400 |
| Level 5 | Live | $400,000 | $8,800 |
For Gauntlet Mini:
| Gauntlet Mini | Daily Loss Limit |
|---|---|
| GAU50 | $1,100 |
| GAU100 | $2,200 |
| GAU150 | $3,300 |
| GAU200 | $4,400 |
Maximum Loss
Maximum loss is an important risk management strategy that can help you become a responsible trader. On the platform, there are two kinds of maximum drawdown.
The first is for traders in the evaluation phase, with an end-of-day drawdown, where your account balance must be a minimum amount at the end of the day. For example, if your peak balance is 100k, your EOD drawdown limit is 10%, and your ending balance must remain above 90k.
The live accounts have a dynamic trailing drawdown, where the maximum loss limit adjusts upward as your account balance increases.
The higher live accounts have a fixed drawdown, where a certain amount becomes your fixed drawdown no matter how much profit you make.
For TCP25:
| TCP25 Level | Account Type | Initial Capital | Maximum Loss Type | Maximum Loss Amount |
|---|---|---|---|---|
| Level 1 | Virtual | $25,000 | EOD Drawdown | $1,500 |
| Level 2 | Virtual Live SIM | $25,000 | EOD Drawdown | $500 |
| Level 2 | Live | $25,000 | Trailing Drawdown | $1,500 |
| Level 3 | Live | $50,000 | Trailing Drawdown | $2,000 |
| Level 4 | Live | $100,000 | Trailing Drawdown | $500 |
| Level 5 | Live | $200,000 | Fixed Drawdown | $194,000 |
For TCP50:
| TCP50 Level | Account Type | Initial Capital | Maximum Loss Type | Maximum Loss Amount |
|---|---|---|---|---|
| Level 1 | Virtual | $50,000 | EOD Drawdown | $2,000 |
| Level 2 | Virtual Live SIM | $50,000 | EOD Drawdown | $2,000 |
| Level 2 | Live | $50,000 | Trailing Drawdown | $2,000 |
| Level 3 | Live | $100,000 | Trailing Drawdown | $3,500 |
| Level 4 | Live | $200,000 | Fixed Drawdown | $194,000 |
| Level 5 | Live | $400,000 | Fixed Drawdown | $380,000 |
For TCP100:
| TCP50 Level | Account Type | Initial Capital | Maximum Loss Type | Maximum Loss Amount |
|---|---|---|---|---|
| Level 1 | Virtual | $100,000 | EOD Drawdown | $3,500 |
| Level 2 | Virtual Live SIM | $100,000 | EOD Drawdown | $3,500 |
| Level 2 | Live | $100,000 | Trailing Drawdown | $3,500 |
| Level 3 | Live | $150,000 | Trailing Drawdown | $5,250 |
| Level 4 | Live | $200,000 | Fixed Drawdown | $194,000 |
| Level 5 | Live | $400,000 | Fixed Drawdown | $380,000 |
For Gauntlet Mini:
| Gauntlet Mini | Initial Capital | Maximum Loss Type | Maximum Loss Amount |
|---|---|---|---|
| GAU50 | $50,000 | EOD Drawdown | $2,000 |
| GAU100 | $100,000 | EOD Drawdown | $3,500 |
| GAU150 | $150,000 | EOD Drawdown | $4,500 |
| GAU200 | $200,000 | EOD Drawdown | $6,000 |
Maximum Position Size
Your account type and profit will decide your maximum position and how many contracts you can have open. As you trade and earn a profit, you can trade more contracts. If you violate this rule, your account will be blocked for that day, and you can resume only the next day.
For TCP Accounts:
| Account Size | Profit Range | Number of Contracts |
|---|---|---|
| $25,000 | $0 – $1,500 | 2 |
| $25,000 | $1,501 + | 3 |
| $50,000 | $0 – $1,500 | 2 |
| $50,000 | $1,501 – $2,000 | 4 |
| $50,000 | $2,001 + | 6 |
| $75,000 | $0 – $1,500 | 3 |
| $75,000 | $1,501 – $2,500 | 5 |
| $75,000 | $2,501 – $3,500 | 7 |
| $75,000 | $3,501 + | 9 |
| $100,000 | $0 – $1,500 | 3 |
| $100,000 | $1,501 – $3,000 | 6 |
| $100,000 | $3,001 – $4,500 | 9 |
| $100,000 | $4.501 + | 12 |
| $150,000 | $0 – $1,500 | 4 |
| $150,000 | $1,501 – $3,000 | 6 |
| $150,000 | $3,001 – $4,500 | 8 |
| $150,000 | $4,501 + | 15 |
For Gauntlet Mini:
| Gauntlet Mini | Number of Contracts |
|---|---|
| GAU50 | 6 |
| GAU100 | 12 |
| GAU150 | 15 |
| GAU200 | 16 |
Maximum Capital Allocation and Multiple Accounts
You can have up to 3 funded accounts with Earn2Trade’s partner. However, only one LiveSim account can be funded at a time. You can have multiple live accounts, but you will need to inform Earn2Trade and go through some extra procedures.
The maximum available amount depends on your account type and contracts.
Trading Types
Earn2Trade offers Futures trading and stock trading mainly. There are enough varieties in trading instruments to earn a substantial income.
Leverage
There’s no leverage at Earn2Trade, and you only have the capital amount to trade with.
Trading Style
There’s no restriction on trading style as long as you follow the trading rules.
Trading Hours
You can trade your asset when the exchange opens. Some assets have specific closing periods.
- GF/HE/LE: 1:05 pm – 5:00 pm CT
- XC/XK/ZC/ZL/ZM/ZS/ZW: 7:45 am – 8:30 am CT and 1:20 pm – 5:00 pm CT
News Trading
There’s no restriction on news trading, and you can place new trades based on the news and volatile phases.
Weekend and Overnight Trading
Earn2trade doesn’t allow overnight or weekend trading. All trades must be closed before the specified closing time for the asset.
Expert Advisor
EAs are not allowed at Earn2Trade. Prop traders are supposed to learn to trade independently. Automated programs are not permitted. However, those who use external modules to professionalize their trading, such as adhering to stop-loss limits, can do so. Additionally, all functions available on the NinjaTrader and Finamark platforms are available to the prop trader.
Copy Trading
Copy trading is banned in both the evaluation stage and after getting the funded account.
Trading Platforms
Earn2Trade highly recommends NinjaTrader, and offers a free Ninjatrader license as well. It also offers a free license for Finamark during the evaluation and the first 90 days once funded. R | Trader & R | Trader Pro are also good and free options. Overcharts is free for first 60 days. Other available options are:
- Inside Edge Trader
- Investor RT
- Motive Wave
- MultiCharts
- Bookmap
- Photon
- QScalp
- QSI- Quick Screen Trading
- ScalpTool
- Trade Navigator
- Volfix.net
- Jigsaw Trading
- ATAS Order Flow Trading
- Quantower
Trading Instruments
Earn2Trade allows you to trade all CME (CME, CBOT, NYMEX, COMEX) Futures assets, including the micros. However, you can’t do forex trading, and Bitcoin futures are no longer allowed on live accounts due to volatility concerns.
We listed Earn2Trade as Best Prop Trading Firm for Beginners.
Brokers
Earn2Trade works with brokers, but they are not involved in the evaluation stage. Once you showcase your trading skills and pass their trading exam, you receive a funded trading account from their partners. They haven’t made the full list of brokers public yet, but the two known brokers are Helios and Appius.
Other Products
They have some amazing products to help the new traders get up and running. These resources can also be helpful for experienced traders to brush up their knowledge.
Beginner Crash Course
The Beginner Crash Course comprises of 60 short, focused videos (6-10 minutes each) that discuss the fundamentals of prop trading and easily explain the complex aspects of the trade. It’s best for new traders and traders with a little bit of knowledge, as it will help them get the basics right and avoid costly mistakes. Once you purchase the course, you’ll have lifetime access to it.
Blog
The blog section of Earn2Trade has articles explaining trading strategies, indicators, concepts, and effective risk management and strategy implementation. They also report on current market trends, crucial trade-related news, and events related to futures market. You’ll also find tips for traders to become a successful trader.
Prices and Challenge Fees
The cost is a monthly recurring payment and depends on the account type and initial capital.
| Plan | Price |
|---|---|
| TCP25 | $150 |
| TCP50 | $190 |
| TCP100 | $350 |
| Gau50 | $170 |
| Gau100 | $315 |
| Gau150 | $350 |
| Gau200 | $550 |
Also, before you enroll for the monthly cost, you can purchase the crash course for a one-time payment of 249 USD. It will come in handy when you start the evaluation test.
Payment Methods and Payout System
Withdrawals are processed once a week on every Tuesday. You have to submit a request on Friday at 2 pm for the payout on Tuesday. The minimum withdrawal amount is 100 USD. You can withdraw through either crypto or bank.
Remember that there’s a $10 withdrawal fee for each transaction, waived for withdrawals over $500.
Also, for LiveSim® accounts, a one-time $139 setup fee is deducted from your first withdrawal. So, you’ll need at least $239 in profits for your first withdrawal. For Gauntlet Mini™ LiveSim® and Trader Career Path® LiveSim®, you can withdraw minus 20% of the profit share, which goes to the firm.
To make payments, you can use crypto and PayPal.
Registration and KYC
Registration is quite easy and doesn’t take much time. Here’s how to register:
- Go to the Earn2Trade website.
- Find the program that interests you Gauntlet Mini™, Trader Career Path®). Each has different account sizes and costs.
- Click “Start Now” for your chosen program.
- To create an account, click “Create a new account.”
- Enter your first and last name, country, phone number, and email.
- Create a password, agree to the terms, and then complete the signup
- Next, process the payment for the first month
You’ll need to verify your identity once you pass the evaluation test.
Voucher and Promo Code
At the time of this article’s writing, there’s a 50% discount on all subscriptions. The discounts are usually for a very limited time, so you should hurry before they end the offer.
Free Trial and Demo Account
Right now, Earn2Trade doesn’t offer any free trial or demo accounts.
Mobile App
Sadly, Earn2Trade doesn’t have a mobile app for iOS or Android. They partner with trading platforms like NinjaTrade, which have their own mobile apps.
Customer Service and Support
They have excellent customer service, and I found them very helpful and friendly. Earn2Trade customer support is available in English, Spanish, Portuguese, and Arabic.
You can contact the supporting agents via WhatsApp, Telegram, email, or live chat.
Taxes
Earnings on Earn2Trade are considered regular income in the USA. However, they don’t offer any advice on tax filing. So, you’ll need to contact a tax advisor to help you deal with this. Learn more in our dedicated guide about “Prop Trading Taxes“.
Alternatives to Earn2Trade
Here are a few alternatives for you:
Apex Trader Funding
Apex Trader Funding allows you to keep the 100% profit share of the first 25k profit and, after that, take only 10% of the profit. The evaluation process is also easy and takes very little time.
UProfit
UProfit offers excellent resources to develop and become a professional trader. The first 15k profit goes entirely to the traders. After that, UProfit takes a 20% cut from the profit.
FTMO
FTMO is one of the most renowned prop firms in the world and is available in many countries. The profit share is good, and the trader takes 90% of the profit home.
Conclusion
Earn2Trade is a legitimate and reputed company and can be trusted completely. It is upfront about rules, fees, and its profit-sharing model, which fosters an environment of trust.
Not only does Earn2Trade allow you to trade, but it also provides resources like its Beginner Crash Course to mold you into a responsible trader. Earn2Trade has earned positive reviews from traders and excellent ratings on Trustpilot. Our own experience is also extremely positive and we high recommend the programme for both newbies and experienced traders.
Frequently Asked Questions
We answered these popular questions about Earn2Trade:
Is Earn2Trade legit or a scam?
Earn2Trade is a safe company to trade with. 700+ active users are making a living by trading with them. Learn more about this in the “Safety and Regulation” section.
Is Earn2Trade Regulated?
No, Earn2Trade trading firm isn’t regulated. Learn more about this in the “Security and Regulation” section.
What is Earn2Trade?
Earn2Trade is a proprietary trading firm and a training and educational company that helps new traders learn the business. Learn more about this in the “About Earn2Trade” section.
Which broker does Earn2Trade work with?
There are multiple brokers, and not all brokers are publicly disclosed. Helios and Appius are only confirmed brokers used by the firm. Learn more about this in the “Brokers” section.
How many Earn2Trade Accounts can I have?
You can have three live accounts but with limitations. Though, it’s better to run a single account with Earn2Trade. Learn more about this in the “Maximum Capital Allocation and Multiple Accounts” section.
Where is Earn2Trade based?
Earn2Trade has two headquarters. One is in Wyoming, which is responsible for US users. The other is in Dubai, which is responsible for all users except US customers. Learn more about this in the “About Earn2Trade” section.
Does Earn2Trade allow the use of an Expert Advisor or Copy Trading?
Earn2Trade doesn’t allow copy trading, and its stance on expert advisors isn’t completely clear. Learn more about this in the “Expert Advisor” and “Copy Trading” sections.
Is Earn2Trade Legal in the United States?
Earn2Trade is completely legal in the United States. Learn more about this in the “Accepted Countries” section.
How long has Earn2Trade been around?
Earn2Trade has been operating since 2016. Learn more about this in the “About Earn2Trade” section.
How much does Earn2Trade cost?
The cost depends on the trading account type and your chosen initial capital amount. Learn more about this in the “Prices and Challenge Fees” section.
How often does Earn2Trade pay out?
You can get payouts once a week. Learn more about this in the “Payment Methods and Payout System” section.
Having more than eight years of trading experience, I know how hard it is to find a good and reliable Prop Trading Firm and not to choose the wrong one. With PropTradingScam.com I want to help you to pick the right one, stay safe, and share your experience.
