With hundreds of new education companies, forex and futures prop firms and mentors popping up out of thin air, it’s becoming increasingly harder to figure out whether or not a company is legitimate.
Earn2Trade is a reputable forex education school that teaches futures and forex trading. They offer mentoring sessions, webinars, and personalized education to students. And after completion of the course, they match their successful students to trading firms. The team consists of educators, experienced traders, and outstanding developers. So, is this program legit? Here is a detailed Earn2Trade review.
What Is Earn2Trade?
This program was created by Ryan Masten, to help traders learn forex and futures trading. He created the Gauntlet program with the help of educators with lots of experience in the field. The team consists of professional traders, developers, and educators.
The traders have passed the National Futures Association series 3 and 34 examinations. Furthermore, the educators know how to trade successfully. This can be a playground to practice before making a transition from a hobby to a pro.
Their offices are in Florida, Texas, Hungary, and Wyoming. Not only that, Earn2Trade have been featured in a number of HUGE publications around the world – which is great to see. These publications include ABC Money, Forbes, Babypips and Entreprenuer.
What Products Does Earn2Trade Offer?
The Gauntlet Mini Program
Gauntlet Mini is the latest product from Earn2Trade. It enables you to get a funded trading account within two weeks after meeting all the criteria.
The Gauntlet Mini allows traders to test their intraday skills and includes a beginner crash course. You’re also required to adhere to strict risk management.
After you pass the course, you can advance to the Gauntlet maximum trader flexibility course. Once you complete a 60-day test, you can trade the way you want. For instance, you can hold overnight positions. And after you exceed the expectations, you get a full refund.
Beginner Crash Course
This is an entry-level education course that teaches students about general market conditions, technical trading, and risk management.
The comprehensive four-month course features the gauntlet and weekly mentorship. This is a mentoring-based education program that combines the support of professional traders and educators. You can test yourself in a realistic environment to see what works for you. And after you complete the education program, you get an offer from the support company.
The mentor guides you through the video and webinar catalog through the weekly sessions. Upon finishing the course, you can start a trading simulator while the mentor will oversee the performance.
What Do You Receive After Successful Completion Of The Course?
Once a candidate completes the course, he’s guaranteed funding from the proprietary partners. And the funding is not limited to split profit or maximum drawdown. All funds are available for traders.
Becoming A Professional Trader
After you complete the course, you can start a career in the financial markets and enjoy the freedom that comes with it. You’ll be your own boss, make your own schedule, and become part of a respectable community. The support team will help you refine your trading with mentorship.
Can you reset the gauntlet mini? You can reset for $100, but this doesn’t restart the billing period. This will only bring the account back to the original balance. Once you subscribe to the program, you get complimentary access to webinar and lesson library and an entire video. The 62-lesson trading course includes over 50 hours of content and 60 detailed webinar topics.
Gauntlet Mini Pricing
You pay a small penny to start this program. For a beginner crash course, you pay $250 (lifetime access). In addition to that, you can access a Journalytic reporting tool and a trading simulation tool. The pricing will depend on the trading account you aim for. It starts from $150 per month to $350 if you’re aiming for a higher account.
If you’re a beginner, you should start from the lower subscription. You can also go for lifetime access of $249. The subscription works on a paid basis until you meet your target. This continues until you cancel, change a plan, or break the rules. Keep in mind no subscription is required after you’ve funded the account.
At the time of this company review, the commission charged in the Gauntlet mini is $2.00 per side. If you want to have the commissions changed, you should contact the customer service team via live chat.
Prop Firm Trader Funding
With Earn2Trade, you can start a trading account without relying too much on a broker. The program provides traders with access to funds for a percentage they earn from it. You can choose several account types to qualify for funding.
The virtual trading capital starts with $25,000 to $150,000. We have reviewed ALL of the top Forex and Futures Prop Firms Here, so feel free to have a look and see how this offering compares to others in the market.
Earn2Trade Gauntlet Mini Features
Once you register, you can do all your transactions on the dashboard. The platform comes with essential tools to make your trading experience seamless.
Depth of the market
The monthly subscription price integrates the depth of the market. If you want to trade right from the chart, you should turn the right-click tab on.
Chart with news mark
The platform offers basic charting options with important dates. Some of the major events you should pay attention to include FOMC, central bank rates, interest rates, etc. There are also a few widgets for navigation.
Types of chart
You can differentiate a normal candlestick chart from a tick or volume chart. If you want to see the news events and charts reactions, you can use a long list of indicators.
Journalytic trade tracking
During the subscription period, you can evaluate your trades and determine what works best for you. After that, you can export the data in excel.
Gauntlet Trading Rules
Would you give someone over $100,000 to trade with if he’s not a competent trader? This is where the trading account challenge rules come in. These rules are simple to understand –only differ in a few nuances.
When you click on the star, you can see the details behind the progression rules.
When trading the $25,000 account, you get two contracts until you get at least $1,500 in the account. Once you meet the criteria, you can add two contracts at once. You must understand this rule to maximize your odds of success.
How does the progression ladder work?
If you select a competition of $25,000, you should trade for 15 days. However, you cannot go beyond the maximum daily limit of $550. But again, you must not go below the daily drawdown of $1500. This is something that is calculated at the end of the day.
This progression is great for traders looking to scale up their trading careers. A lot of the Top Prop Firms are now offering progression, so it’s nice to see what Earn2Trade are also offering this to retail traders.
What happens when you get funded?
Candidates that pass the exam will receive an offer from the proprietary trading partner firm. There’re two types of accounts available: live accounts and LiveSlim accounts.
It functions the same as a live account, including the withdrawal of funds. Upon accepting the agreement, you can start to trade. This account is available if you fund it with at least $5000. After that, you can switch to a live account.
A live account takes longer to set up, and you have to pay $105 as monthly data fees. The drawdown is based on open equity gains, intraday, and losses.
Recommended Trading Platforms
This is one of the popular trading platforms that feature third-party apps and add ons. It allows for advanced analytics, and you get free historical data replay.
This is a web-based platform that allows you to log in anywhere – no download or installation is needed. And because of the low computing requirements, you get robust performance. Even better, the modular interface can be tailored to meet your personal needs.
Is Earn2Trade For Me?
If you want to start a gimmick-free educational course, then Earn2Trade is for you. This professional course deals with all the pain points of your trading career. And depending on your needs, you can choose program modules like Gauntlet, Boot Camp, Gauntlet Mini, and Crash course or beginners.
What Does Earn2Trade Offer Compared To Other Educators?
The Bootcamp program provides new traders with a webinar course and a rigid mentorship program. After that, the candidates go through a simulator and receive weekly mentorship sessions. Upon successful completion of the program, the candidates get funding from the proprietary trading firms.
This is a 360-degree course that allows you to trade within the shortest time. It features a unique gauntlet examination and an online video course.
Earn2Trade Reviews – What Are Traders Saying?
When we are looking at prop firms and educators, if you’ve read other articles on our Top Prop Firms List, you’ll know that we like to look at the opinions of other traders around the world to see if they’ve had the same experiences as us.
Earn2Trade has an Excellent reputation on Trustpilot, with nearly 600 reviews, which is great to see! This makes them a very well trusted company that is clearly delivery good value to customers and traders around the world.
As you can see here, Lucas and Peter are very happy with the service being offered in terms of the education but more important the prop funding side too. The reviews are praising the funding options, education and support being offered by the team.
The company offers amazing customer service like email, phone, and live chat service. Their physical address is Wyoming 82801, which is a good indication the company is not afraid to be tracked down. You can reach out to the customer service team 24/7.
Besides, the company has a strong social media presence. They have provided links to Twitter, Facebook, YouTube, and Instagram.
Final Thoughts – Is Earn2Trade a scam?
Overall, the course appears legit and comes at a low cost. The company is run by transparent individuals with verifiable trading performances. And after successful completion of the course, you get guaranteed funding.
This service is great if you adhere to the rules of gauntlet mini. Their training materials and documentation are helpful if you put the effort to learn them. If you’re an inspiring forex trader, you can’t go wrong with E2T.
Are you ready to start your new career? This program allows you to test, practice, and become a professional trader.
- The rules of gauntlet mini are straightforward
- You access a catalog of educational material during the subscription
- You get ongoing support and mentorship
- The platform offers basic charting and indicators
- This program is supported by outstanding educators
- You get a chance to build a solid foundation of your finances
- Applies to both forex and futures market
- They don’t feature any verifiable results of their trading mentors
- No free trial, but you get discounted special offers
If you have any experience with Earn2Trade I’d love to hear about how it went, in the comments down below.