After passing the Earn2Trade evaluation, traders receive a live or LiveSim® account. They can request payouts of their earnings following Earn2Trade’s withdrawal policy. They earn a share of the profits they generate.
Earn2Trade’s payout rules allow traders to request payouts after achieving profits. As soon as a trader makes his first $100 profit, he can withdraw it. Traders retain 80% of the profits from their payouts, reflecting an 80:20 profit split in the trader’s favor.
Withdrawal requests at Earn2Trade are processed weekly, on Tuesdays. Traders need to email their request to the proprietary trading firm by 2 PM on Friday. Traders can withdraw from prop firms via Bank Wire or Crypto, facilitated by Rise platform partnership, with a $10.00 withdrawal fee.
This article offers an in-depth exploration of the withdrawal and payout policy at Earn2Trade, It covers essential elements such as payment methods, timing, charges, restrictions, and tax implications.
What is the Earn2Trade Withdrawal policy?
The Earn2Trade payout policy outlines clear requirements traders must meet to request a payout. Here are the key aspects of the policy:
- Withdrawal Frequency: Earn2Trade processes withdrawals once a week, specifically on Tuesdays.
- Withdrawal Request Deadline: Traders must request withdrawal by 2 pm on the preceding Friday.
- Profit Share: Traders retain 80% of the profits from their payouts
- Minimum Withdrawal Amount: The minimum amount that can be withdrawn is $100.
- Withdrawal Fees: There is a $10.00 withdrawal fee. However, there are no withdrawal fees are applied for amounts over $500.
- Special Considerations for LiveSim® Accounts: To make a first withdrawal, non-professional CME status traders need at least $239 in profits to cover both the minimum withdrawal amount and the one-time setup fee.
- Restrictions: There are no restrictions on withdrawing profits after getting funded, allowing traders the flexibility to access their earnings.
What’s the minimum withdrawal amount at Earn2Trade?
The minimum withdrawal amount at Earn2Trade is $100 for both live and LiveSim® accounts. However, for the first withdrawal, this amount increases to $239 due to the inclusion of the setup fee: $100 + $139. This setup fee is only charged once, so for subsequent withdrawals, the standard $100 minimum will apply.
What’s the maximum withdrawal amount at Earn2Trade?
The maximum withdrawal amount at Earn2Trade varies depending on the account type obtained after completing the evaluations:
- For a LiveSim® obtained after any size Gauntlet Mini™ evaluation, the maximum withdrawal amount is $4,000. To withdraw the full $4,000, a trader must reach a profit of $5,000, as the proprietary trading firm deducts 20%.
- For a LiveSim® obtained after a Trader Career Path® evaluation, the maximum amount a trader can withdraw is the corresponding profit target with 20% deducted for the proprietary trading firm. There is no monthly deduction on LiveSims® obtained in the Trader Career Path® program .
What’s Earn2Trade’s Minimum Balance For withdrawal?
There is no minimum balance to request a withdrawal at Earn2Trade, and no minimum balance to keep after a withdrawal.
What are Earn2Trade’s withdrawal methods?
Earn2Trade offers the following withdrawal methods via Rise:
- ACH transfers and Bank Wire (only for US banks)
- Paypal
- Crypto withdrawal
These withdrawal methods are provided through a partnership with Rise, an international contract and payment management platform.
When traders can withdraw from Earn2Trade?
Traders can withdraw from Earn2Trade once a week, specifically on Tuesdays. To ensure the withdrawal is processed on the next Tuesday, the withdrawal request must be emailed to the proprietary trading firm by 2pm on the prior Friday.
How fast is Earn2Trade’s payout process?
Once processed on the scheduled Tuesday, the speed at which traders receive their funds from Earn2Trade depends on the chosen withdrawal method:
- Bank Wire: Funds typically arrive in 1-2 business days.
- Crypto Withdrawal: Funds may appear almost immediately; network conditions can delay.
- PayPal: Funds usually in account a few hours post-processing.
- ACH: Funds appear in 3-5 business days, slower than other methods.
How does the payout process work at Earn2Trade?
To receive withdrawals from Earn2Trade, traders must follow a structured process. The payout process at Earn2Trade works as follows:
- Accumulate Profits: Your account balance must be at least $100.
- Request Withdrawal: Email the request to the trading firm.
- Processing Day: Withdrawals are processed on the next Tuesday.
- Select Withdrawal Method: Choose between bank wire and crypto.
- Receive Funds: After processing, funds are transferred.
- Repeat: For more withdrawals, repeat the process.
what are Earn2Trade’s payout restrictions?
Earn2Trade has the following payout restrictions:
- Prohibited Countries: Earn2Trade prohibits countries where their services violate local laws, and it’s the user’s responsibility to ensure compliance with their local regulations.
- Account Type: Payouts are only possible from live and LiveSim® accounts, not from evaluation accounts.
- Minimum Payout: Payout requests under $100 are not permitted.
- Profit Split: Traders retain 80% of the profits from their payouts.
What is the Earn2Trade profit share?
The Earn2Trade profit share arrangement is that traders and Earn2Trade engage in an 80/20% profit split in favor of the trader. This means traders receive 80% of the profits generated from their trading activities, while Earn2Trade receives the remaining 20%.
What to know about taxes on Earn2Trade payouts?
For Earn2Trade payouts, the key points regarding taxes are:
- USA-Based Traders:
- Classification: Traders are treated as 1099 contractors by trading firms.
- Tax Reporting: Traders receive Form 1099 for the total amount paid.
- Deductible Expenses: Traders can deduct trading-related expenses.
- Non-USA-Based Traders:
- Income Treatment: Payouts are treated as business income, not subject to U.S. capital gains tax.
- No U.S. Tax Forms: Non-US traders don’t receive U.S. tax forms like 1099.
- Form W-8BEN: Trades need to complete a W-8BEN form, declaring tax responsibilities lie in their own country.
- Tax Responsibility: Traders must report and pay taxes in their home country.
does Earn2Trade apply withdrawal fees?
Earn2Trade charges a $10.00 withdrawal fee for each withdrawal. This fee is for using Rise, a payment platform. But, if you withdraw more than $500.00, this fee is not charged.
Does Earn2Trade Pay Out?
Yes, Earn2Trade does pay out its traders. Founded in 2016, Earn2Trade has been offering educational and trading opportunities to traders. The company processes withdrawals once a week, with traders able to use bank wires and crypto withdrawals. With a significant presence on Trustpilot, Earn2Trade reviews have a high overall rating of 4.7 out of 5 stars based on more than 2,000 reviews, reflecting its reliability in payouts and the high level of trader satisfaction.
Verified Withdrawal Proofs from Earn2Trade Traders
There are a few actual proofs of Earn2Trade payouts, here are some proof:
- Some Trustpilot reviews confirm payouts.
- A video by Eslam Rafaat showing the process and proof of withdrawal.
- The images below are screenshots of withdrawals made by the trader:
Will withdrawals alter Earn2Trade’s trading rules?
Withdrawals do not alter Earn2Trade’s trading rules. These rules, like daily loss limits and maximum position sizes, remain constant. Withdrawals impact the account balance but not the trading rules themselves.
