Earn2Trade, founded by Ryan Masten and David A. Lojko in 2016, is a proprietary trading firm based in Sheridan, Wyoming. Verified by over 2,000 day traders on Trustpilot, Earn2Trade is recognized for its comprehensive education, fast and transparent support, and the ability to trade in both Live and LiveSim accounts.
Trading Funder’s review highlights that Earn2Trade offers a straightforward payout system, a free Journalytix license, and a trading course called ‘The Beginner Crash Course.’ However, it’s important to note that there is no free trial, and traders who violate the rules are immediately disqualified.
Earn2Trade provides two funded trading program options: The Trader Career Path® and The Gauntlet Mini™, each with different pricing structures. The Trader Career Path features two evaluation account sizes with a Scaling Plan, while The Gauntlet Mini™ offers four evaluation account sizes. Additionally, Earn2Trade periodically offers discounts and coupon codes for its traders.
Day traders can secure an Earn2Trade funded account by purchasing an evaluation, logging into Rithmic, and selecting a trading platform like NinjaTrader or Finamark. Upon successfully passing the evaluation, traders receive a funded account.
Trading Funder’s analysis also notes that Earn2Trade enforces 7 key rules during the evaluation phase, including the End-Of-Day drawdown, minimum trading days, daily loss limit, Progression Ladder, and a 30% consistency rule. Traders are also required to trade specific instruments during designated trading hours.
In this article, we provide a detailed review of the Earn2Trade prop firm, offering essential insights to help you begin an evaluation with Earn2Trade.
what is Earn2Trade?
Earn2Trade is a proprietary trading firm founded by Ryan Masten and David Lojko in 2016 in Sheridan, Wyoming. It helps good futures traders get their own funded accounts. They have to pass a tough test first. The firm teaches traders with courses like the Beginner Crash Course. Traders in the test must make money and not lose too much. If they do well, they get to trade with Earn2Trade’s money and keep some of the profits. Earn2Trade gives traders tools and advice to get better.
who are Earn2Trade’s founders?
The founders of Earn2Trade are Ryan Masten and David Lojko. They established the company together in 2016. Ryan Masten departed from the company in July 2020, and since April 2019, David Lojko has been managing Earn2Trade. David Lojko has a background in business administration and management, with a degree from Johnson & Wales University, and is experienced in futures and options trading.
In January 2023, Osvaldo Guimaraes became the CEO of Earn2Trade. He started working there as a Customer Service Agent. Later, he worked as a Translator, SEO Specialist, and Marketing Manager. As CEO, he works on making the company more known online. He has helped with important projects like ‘The Trader Career Path’.
The team also includes Christopher Gray, who leads education, and Csaba Francis Nahoczky, who manages educational content. Orianna Foucault is in charge of support and talking to the community.
What makes Earn2Trade Legit?
Earn2Trade is seen as a legitimate platform because it has clear rules, offers real trading accounts, and focuses on educating its traders. The company is known for its good customer service and for treating its traders well, which helps build trust. It provides tools and programs that are suitable for different kinds of traders. People talk positively about Earn2Trade, It has a high rating of 4.7 out of 5 from more than 2,000 reviews. It gives traders a fair share of the profits they make. These points all add up to make Earn2Trade a trustworthy choice for traders.
Some users claim Earn2Trade is a scam, citing technical issues, unfair evaluation rules, and poor customer service in online reviews. However, such claims require careful scrutiny to determine their validity.
Does Earn2Trade send payouts to its traders?
Yes, Earn2Trade pays its traders. Withdrawals are processed every Tuesday. To receive a payout, traders need to request it by the previous Friday at 2 pm. The payment options are Bank Wire and PayPal withdrawal. The smallest amount traders can withdraw is $100, and for withdrawals above $500, there’s no additional $10 fee from Earn2Trade. However, banks or crypto exchanges might have their own fees.
Does Earn2Trade have good User Reviews and Testimonials?
The user reviews and testimonials for Earn2Trade are overwhelmingly positive. On Trustpilot, Earn2Trade has a rating of 4.7 out of 5 stars, based on over 2,000 reviews. 86% of these reviews are 5-star ratings, 6% are 4 stars, and only 5% of reviews claim that Earn2Trade is a scam.
Does Earn2Trade have good Customer Support?
Earn2Trade generally offers good customer support, available 24/7 through various channels like email (support@earn2trade.com), social media, and live chat options. While it receives positive feedback, there have been instances of delayed responses, indicating room for improvement in speed. Despite the lack of direct phone support, their team usually resolves queries within 24 hours.
what are Earn2Trade’s advantages?
Earn2Trade has 17 advantages. Here is a list of Earn2Trade’s advantages:
- Robust Education: Offers a wide range of comprehensive lessons, quizzes, and webinars.
- Generous Profit Sharing: Traders keep 80% of profits after passing evaluations.
- Flexible Withdrawals: Withdrawals can be made on the first day.
- Efficient Trading Days Requirement: Only requires 10 trading days for evaluation.
- Streamlined Evaluation Process: Just one step needed for evaluation.
- Dynamic Funding Scalability: The Trader Career Path allows for scalable funding.
- Flexible News Trading: Permits trading during news events.
- Premium NinjaTrader Access: Provides a free NinjaTrader license.
- Advanced Finamark Platform: Access to Finamark Systems for enhanced trading.
- Innovative Journalytix Tool: Automated analytics and journaling tool included.
- Clear Progression Path: Well-defined goals and advancement paths.
- Comprehensive Level 2 Data: Essential for informed trading decisions.
- No Monthly Fee for Funded Traders: A significant financial advantage.
- Optimized for Futures Trading: Specifically tailored for futures traders.
- Excellent Industry Reputation: Renowned for its reliability and effectiveness.
- Rapid Funding Options: Quick access to funding after evaluation.
- Cutting-Edge Technology: Employs technology to empower traders.
what are Earn2Trade’s disadvantages?
Earn2Trade has 11 disadvantages. Here is a list of Earn2Trade’s disadvantages:
- Restrictive Consistency Rule: Traders face limitations on profit consistency, hindering large gains.
- Harsh Rule Enforcement: Rule violations result in immediate account closure, offering no leniency.
- Lacking Free Trial: Absence of a trial period makes it hard for newcomers to acclimate.
- Limited Gauntlet Mini™ Features: The program doesn’t offer a reset-at-rebill option, unlike its alternatives.
- Unregulated Environment: The trading funding sector, including Earn2Trade, lacks regulation, raising concerns about exaggerated claims.
- High Risk of Financial Loss: Significant chances of losing money, particularly in the testing phase.
- Additional Data Fees: Post-funding, traders are burdened with extra data fees.
- Burdening Monthly Costs: The Gauntlet Mini program comes with substantial monthly fees.
- Capped Funding Potential: Compared to rivals, Earn2Trade offers a lower maximum in funded accounts.
- Stringent TCP Demands: The Trader Career Path imposes rigid trading rules and goals.
- Constraining Evaluation Rule: The evaluation process limits profit potential per day, enforcing excessive consistency.
What are Earn2Trade’s pricings?
Earn2Trade pricing varies from $150 to $550 depending on the chosen option and account size. The table below lists the fees for each account size:
| Option | Account size | Price |
|---|---|---|
| Gauntlet Mini™ | $50K | $170 |
| Gauntlet Mini™ | $100K | $315 |
| Gauntlet Mini™ | $150K | $350 |
| Gauntlet Mini™ | $200K | $550 |
| Trader Career Path® | $25K scalling to $200K | $150 |
| Trader Career Path® | $50K scalling to $400K | $190 |
Does Earn2Trade offer price discounts?
Yes, Earn2Trade offers discounts on their prices, ranging from 40% to 80%, including a 40% sale option. To access the latest discounts, traders should use this Earn2Trade discount link; When the link is used, the most recent discount coupon code available will be applied automatically. The discount link is dynamic, as it automatically reflects the most recent discount available upon use. Earn2Trade applies the discount instantly upon purchasing the evaluation.
Does Earn2Trade allow multiple accounts?
Earn2Trade lets traders have up to three accounts with Helios, their partner firm. Traders can only use one LiveSim® account at a time but can have several Live Accounts. Keep in mind, having multiple accounts might need extra approval time, and traders can’t copy trades between these accounts.
what is Earn2Trade Gauntlet Mini™?
The Gauntlet Mini™ by Earn2Trade is a well-known challenge that offers participants the opportunity to qualify for a live futures trading account with Earn2Trade’s proprietary trading firm partners. The challenge varies in account sizes, ranging from $50,000 to $200,000, each with different numbers of allowed contracts and corresponding prices. Successfully passing the Gauntlet Mini™ demonstrates a trader’s proficiency and discipline in futures trading, paving the way for a career with a live trading account through Earn2Trade’s partners.
what is Earn2Trade Trader Career Path®?
The Trader Career Path by Earn2Trade is a futures trading evaluation program, similar to the Gauntlet Mini™, but with notable features. It offers a scaling funding offer, allowing traders to upgrade their funded account to higher amounts, with increased contract limits and more lenient drawdown and daily loss rules. Additionally, it includes a unique benefit of a free reset after every rebill, which subscribers can use immediately or save for later. The program comes in two versions: TCP25, starting with a $25,000 account that can scale up to $200,000, and TCP50, starting with a $50,000 account with the potential to upgrade to a $400,000 account after funding.
How does Earn2Trade work?
Earn2Trade has a clear step-by-step process for users. It starts when a user buys either the Trader Career Path® or Gauntlet Mini™. First, the user confirms their email. Next, they go to Earn2Trade’s online dashboard to choose their data services and trading markets. They get an email with data feed details, which they use to connect to their chosen trading software. Traders get an evaluation account which is a simulator account for testing. If they do well in the test, Earn2Trade checks if they qualify for funding from a trading firm. Successful users get a funded account from this firm, which lets them trade professionally, following certain rules.
What are Earn2Trade Rules?
There are 7 Earn2Trade rules and restrictions for their trading challenges, including The Gauntlet Mini™ and Trader Career Path®, are as follows:
- The Drawdown:
- End-of-Day Drawdown: Uses closed positions for minimum balance calculation.
- Trailing Drawdown: Includes open and closed positions in live accounts.
- Fixed Drawdown: Sets a constant minimum balance for certain funded accounts.
- The daily loss limit: Daily loss includes open and closed trades, calculated from 5:00 pm to 5:00 pm CT.
- Minimum Trading Days: Candidates must trade a minimum of 10 trading days.
- The trading hours: Begin trading when the exchange opens, usually 5 pm CT. Close all trades by 3:50 pm CT daily.
- The consistency rule: No trading day should contribute more than 30% to total PnL during the evaluation.
- The Progression Ladder: Limits contract numbers based on account size and profit. Exceeding limits results in examination failure.
- Allowed Instruments: Participants can trade all CME (CME, CBOT, NYMEX, COMEX) Futures assets, including Micros.
Earn2Trade implements trading rules to ensure disciplined trading, risk management, and consistency, crucial for success in professional trading.
One main trading objective is to follow: reaching the profit goal.
The table below shows the Drawdown value, the daily loss limit, and the contract size of every account size:
| Option | Account size | Daily Loss Limit | Drawdown | Contract Size |
|---|---|---|---|---|
| Gauntlet Mini™ | $50K | $1100 | $2000 | 6 Contracts |
| Gauntlet Mini™ | $100K | $2200 | $3500 | 12 Contracts |
| Gauntlet Mini™ | $150K | $3300 | $4500 | 15 Contracts |
| Gauntlet Mini™ | $200K | $4400 | $6000 | 16 Contracts |
| Trader Career Path® | $50K scaling to $400K | $550 | $1500 | 3 Contracts |
| Trader Career Path® | $50K scaling to $400K | $1100 | $2000 | 6 Contracts |
How does Earn2Trade’s Drawdown work?
In Earn2Trade, the drawdown is a rule that sets the minimum balance required in a trading account. It works differently depending on the trading program and account type. Here are the simplified explanations:
- End of Day Drawdown (EOD): This is used in TCP25, TCP50, and LiveSimⓇ accounts. It calculates the minimum balance at the end of each trading day, using only the closed positions. If the account makes a profit, the minimum balance increases. For example, if an account’s balance increases from $100,000 to $102,000, the minimum balance will rise from $96,500 to $98,500.
- Trailing Drawdown: This is for live accounts. It uses both open and closed positions during the trading day. If the account earns a profit, the minimum balance increases by the same amount. For example, if an account gains $100, the trailing drawdown also increases by $100.
- Fixed Drawdown: This sets a constant minimum balance level for specific funded accounts ($200,000 and $400,000). The fixed minimum balances are $194,000 and $380,000, respectively.
What are Earn2Trade’s Trading Hours?
At Earn2Trade, for The Gauntlet Mini™ and Trader Career Path® programs, trading hours are set with specific rules. Generally, you can begin trading at 5pm Central Time (CT), but this start time might change based on the type of asset you’re trading or if it’s a holiday. All trades need to be closed by 3:50pm CT and can’t be reopened until 5pm CT. For specific assets like GF/HE/LE, you must close your trades by 1:05pm CT, but you can start trading again after 5pm CT. For other assets, namely XC/XK/ZC/ZL/ZM/ZS/ZW, you have to close your trades during two periods: between 7:45am-8:30am CT and from 1:20pm-5pm CT. Remember, trading isn’t allowed on public holidays or when the exchanges are closed. Following these trading hours is important to stay in line with Earn2Trade’s guidelines.
What are Earn2Trade’s Instruments?
At Earn2Trade, you can trade futures assets from major exchanges like the Chicago Mercantile Exchange (CME), Chicago Board of Trade (CBOT), New York Mercantile Exchange (NYMEX), and Commodity Exchange (COMEX), including Micro futures. However, there are some exceptions: Forex trading is not allowed in the Trader Career Path® or Gauntlet Mini™ programs. Also, as of December 5th, 2019, Bitcoin futures are not permitted due to high margin requirements, and trading Ether Futures is disallowed because of their extreme volatility.
Earn2Trade uses which trading platforms?
Earn2Trade uses the 19 trading platforms listed below:
- NinjaTrader®
- Finamark
- R | Trader & R | Trader Pro
- Overcharts
- 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
- Sierra Chart
- Quantower
How To Set Up Rithmic RTrader for Earn2Trade?
To set up Rithmic (RTrader) for Earn2Trade’s evaluation programs, follow these 7 steps:
- Verify Email: Check for a verification email from Earn2Trade and verify your email address.
- Dashboard Setup: Log into the Earn2Trade dashboard and click on “Account Setup”.
- Data Feed Provider: Choose your data feed provider in the dashboard.
- Select Exchanges and Commission: Pick the exchanges you’ll trade on and set your commission plan.
- Get Rithmic Credentials: Wait for an email with “Rithmic Data Feed Credentials” from Earn2Trade.
- Accept Exchange Agreements: Agree to Rithmic exchange agreements, selecting ‘non-professional’ to avoid extra fees.
- Login to Trading Platform: Use the provided Rithmic credentials to log into your trading platform.
Recommended platforms include NinjaTrader® (free during evaluation) and Finamark. R|Trader Pro is advised as a backup platform. Use Journalytix in the Earn2Trade dashboard to track your progress.
How To Set up NinjaTrader with Rithmic for Earn2Trade?
To set up NinjaTrader with Rithmic for Earn2Trade, follow these 4 steps:
- Log In or Create a NinjaTrader Account:
- If already registered, log in at NinjaTrader Login.
- If not, register at NinjaTrader Registration.
- Migrate License Key:
- Log into your NinjaTrader Dashboard.
- Go to Settings > Plans.
- Choose ‘Import a License Key’.
- Find the license key in Earn2Trade’s dashboard under the NinjaTrader tab.
- Paste the key on NinjaTrader’s site and click ‘Import’.
- Enable Multi-Provider Mode:
- Open NinjaTrader 8.1.
- In the Control Center, go to Tools > Options.
- Enable Multi-provider mode and click OK.
- Connect Earn2Trade Account:
- Start NinjaTrader® 8.1 and log in.
- On the launch screen below ‘Simulation’, press the launch button.
- In Control Center, go to Connections > Configure (ensure Multi-Provider Mode is enabled).
- Select ‘Rithmic for NinjaTrader Brokerage’ and press ‘Add’.
- Enter your Rithmic Username and Password (found in your inbox).
- Select ‘Rithmic Paper Trading’ as the system and the closest location.
- Press OK.
- Click ‘Connect’ and select your connection name. Once the green light appears, you can select your account from the dropdown menus and enter trades.
Remember, Earn2Trade does not provide platform-related assistance or technical support for NinjaTrader.
Does Earn2Trade allow Trade Copier?
No, Earn2Trade doesn’t allow the use of Trade Copiers.
Conclusion Regarding Earn2Trade
Earn2Trade offers a well-structured pathway for traders seeking funded accounts, with distinct options like The Trader Career Path® and The Gauntlet Mini™. While the firm is praised for its comprehensive education, transparent support, and effective trading tools like Journalytix, it has some strict rule enforcement that can lead to immediate disqualification for violations. Trading Funder’s review highlights the straightforward payout process, clear evaluation rules, and accessible discounts, though the lack of a free trial and rigid consistency requirements may be challenging for some. For traders who can navigate these hurdles, Earn2Trade remains a solid choice, as noted by our team at Trading Funder, which helps traders choose the best prop firms and offers consulting on the best fit for their needs.
