Earn2trade Is Gauntlet and Gauntlet mini worth trading

To make money, proprietary trading companies put their own money into partnerships with specific traders. However, it might be challenging to be approved for a funded trading account, especially for novice traders. Through its educational resources, Earn2Trade provides an intriguing solution. By passing evaluation tests, users can access guaranteed funded accounts. In this study, we go through Earn2Trade’s operational details, including trading guidelines, profit splits, withdrawal costs, and more. Decide if you want to open an Earn2Trade financed trading account.

How Does Earn2Trade Work?

Earn2Trade was established in 2016 in the United States by traders, educators, and developers who wanted to assist others in obtaining funding. Earn2Trade is a company that helps people learn how to trade as well as a recruitment agency for funded investors.

The business presents a variety of ‘challenges’ that judge investors’ trading prowess and capacity for generating consistent profits over a certain time. The financed profiles from Earn2Trade are made available by affiliate trading companies.

The company also offers a basic education programme where users may learn about various instruments, general market conditions, risk management techniques, and technical trading.

Challenges The Gauntlet, the Gauntlet Mini, and the Trader Career Path are the three challenges that are available. Each earn2trade challenge has a specific set of guidelines that participants must follow to succeed. For all assets, commissions for each challenge are set at $2.02 per side. By contacting support by live chat or email, you can change this to live commissions.

The Gauntlet

The Earn2Trade “Gauntlet” evaluation lasts for 60 days. The one-time payment for this evaluation is $429.

The established guidelines that this assessment was subjected to include:

  • A maximum drawdown of 10%
  • The Dashboard is the only place to submit a complete trading plan.
  • Users are required to handle a $25,000 account for 60 days.
  • You must have met the 10% profit target by the end of the valuation.
  • During the term, you must invest at least once a week for at least 30 calendar days.

Additional options include the ability to select pre-set stop losses, raising daily / monthly loss caps, and establishing your own unique additional rules.

Successful Gauntlet programme applicants are given a conditional offer. The conditional offer will be satisfied once you have earned $5000 in profit, at which point you can become a limited partner of the proprietary company. You will receive a LiveSim profile that allows you to withdraw money just like a real account would. For payments of less than $500, withdrawal fees apply.

The funding amount for the prop business is $25,000, and the money will be available to traders as margin on the first day. Based on the trader’s drawdown during In the Gauntlet challenge, the non-trailing drawdown is calculated. A Gauntlet drawdown under 10% awards $1,000, while one under 2% awards $2,500. 80/20 is the profit split. Depending on how well they do in the Gauntlet, the trader’s resources may change. As it is one of the best prop trading firms.

The Gauntlet Mini

The Gauntlet Mini is a 15-day evaluation offered by Earn2Trade. The Gauntlet Mini evaluation programme has accounts with different profit goals, EOD drawdowns, daily loss limits, advancement ladders, and subscription costs (varying from $150 to $350) that range from $25,000 to $150,000.

The set of guidelines used for this assessment consists of:

  • Trade for at least 15 trading days.
  • Do not exceed or decrease the daily loss.
  • Keep your account balance above the minimum required.
  • Trade only during the designated periods (intraday trading)
  • Do not exceed the progression ladder’s specified maximum for open contracts or position size.
  • Maintain consistency, which implies that none of your trading days should account for more than 30% of your overall profit or loss.

After completing the Gauntlet Mini programme, successful candidates will be given a promise of investment from Helios Trading Partners. The account used with the Gauntlet Mini is compatible with this offer.

  • The trader will benefit from an 80/20 profit share.
  • After the lower limit of the trader’s maximum loss reaches the account’s opening amount, daily loss caps are lifted.
  • The trader is required to pay a monthly charge for the data feed. Each exchange will cost you $105.00 per month.
  • Please be aware that if you miss 5 consecutive days of class without permission, the assessment will be discontinued.

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