Earn2Trade vs Topstep - full comparison
| Feature | Earn2Trade | Topstep |
|---|---|---|
Overall |
4.08 |
4.28 |
4.2 |
4.4 |
|
4.4 |
4.1 |
|
3.8 |
3.6 |
|
3.7 |
4.5 |
|
Benefits for Prop-trader |
3.8 |
4.4 |
4.6 |
4.7 |
|
|
Your capital is at risk.
|
Your capital is at risk.
|
Earn2Trade vs Topstep: pros and cons
Earn2Trade provides three distinctly funded trading programs. The Gauntlet Program, The Gauntlet Mini, and the all-new Trader Career Path are all available. A one-time payment is required for the Gauntlet program. Traders manage a $25,000 virtual account for 60 days, during which they must trade at least 30 calendar days and once every week. If they follow the guidelines and meet the 10% profit target, successful candidates will receive a guaranteed funding offer from Helios Trading Partners or Appius Trading. Topstep Futures and Topstep Forex are similar programs to the Gauntlet Mini. Traders pay a monthly fee and must follow the guidelines. The monthly fee includes trading classes, webinars, and access to Journalytix (TM). Traders will then receive an offer for a funded trading account. Earn2Trade's newest program is the Trader Career Path. Traders begin with a $25,000 virtual capital account and are funded with a $25,000 account if they pass the Evaluation. After the Evaluation, traders can develop their trading careers and handle assets worth up to $200,000 without paying a monthly subscription fee. Earn2Trade has the largest variety of trading platforms to choose from, coming close to 20 options. NinjaTrader and Finamark, R|Trader, and Overcharts are the most common, however, Agena Trader, MultiCharts, and many other platforms are also supported.
Topstep has the brand strength and reputation that traders rely on as an industry leader and one of the Inc. 5000 fastest-growing companies in the United States. To engage in their funded account program, every trader begins with the Trading Combine. You can open a real-time virtual futures account with $50,000, $100,000, or $150,000 in purchasing power. After the Trading Combine, you will receive a funded trading account if you demonstrate consistent profitability and risk management. Topstep sends funds to your account and allows you to trade in real-time with their capital without taking any personal risks. After only eight trading days, traders can earn a funded account. The amount funded is equal to the plan chosen for the Trading Combine. Topstep is also extremely efficient in processing payouts daily, completing payouts requested before 10 a.m. CT the same day.
| Earn2Trade | Topstep | |
|---|---|---|
| Overall Pros | Cooperation with this company is possible after the payment of a $90 subscriber fee | Real trading accounts are financed by a broker, there is no need to invest your funds in trading |
| Quality teaching by professional traders, approved by the National Futures Association (NFA), which is the most reputable regulator in the futures market | The company provides a wide range of free training materials, including free group coaching | |
| Access to free trading platforms and extended analytics | You can contact the support team using several convenient methods | |
| Trading on the Chicago Mercantile Exchange (CME), which is the world’s largest futures exchange | The broker offers a referral program for extra income | |
| Distribution of profits in favor of the trader who receives 80%; the firm whose capital is used in trades gets 20% | ||
| An affiliate program with different types of commissions | ||
| Overall Cons | Strict requirements for drawdowns and profits. If a trader doesn’t meet them in certain terms (15 or 60 days depending on the rate plan), his progress is annulled and he has to start anew | The company doesn’t offer bonuses, automated trading, or other passive income options |
| Earn2Trade is not a brokerage and, therefore, doesn’t make or guarantee withdrawals of funds from real accounts | The support service works only on weekdays during set hours | |
| Clients of Earn2Trade can only trade on futures exchanges. Other markets (Forex, CFDs, real stocks, cryptocurrencies) are not available |
Earn2Trade vs Topstep - regulation and safety
| Earn2Trade | Topstep | |
|---|---|---|
Regulators |
No |
No |
Country of registration |
USA |
USA |
Year of establishment |
2017 |
2012 |
Reliability of a prop trading company largely depends on its registration and regulation. The most reliable companies operate in compliance with laws of countries with high legal culture, such as the U.S., the UK, EU countries, Australia and Singapore.
A long period of operation in the global markets and awards can also provide additional information about the company. TU compared regulation and reliability of Earn2Trade and Topstep by the above criteria.
Earn2Trade vs Topstep - trading conditions, costs and leverage
Earn2Trade
| Trading Plan | Managed amount, USD | Min trading days / Trading period | Profit target, USD | Daily loss | Max total loss | Max leverage | Price, USD |
|---|---|---|---|---|---|---|---|
| Trading plan 1 | 50 000 | 15/no limitations (under conditin of monthly payment of subscription) | 3 000 | 1100 USD | 2000 USD | not allowed | 170/month |
| Trading plan 2 | 100 000 | 6 000 | 2200 USD | 3500 USD | 315/month | ||
| Trading plan 3 | 150 000 | 9 000 | 3300 USD | 4500 USD | 350/month | ||
| Trading plan 4 | 200 000 | 11 000 | 4400 USD | 6000 USD | 550/month |
Topstep
| Trading Plan | Managed amount, USD | Min trading days / Trading period | Profit target, USD | Daily loss | Max total loss | Max leverage | Price, USD |
|---|---|---|---|---|---|---|---|
| Trading plan 1 | 50 000 | 5/no limitations (under conditin of monthly payment of subscription) | 3000 | 1000 USD | 2000 USD | 1:100 | 165/month |
| Trading plan 2 | 100 000 | 6000 | 2000 USD | 3000 USD | 325/month | ||
| Trading plan 3 | 150 000 | 9000 | 3000 USD | 4500 USD | 375/month |
Prices of offered trading plans, minimum and maximum amount under management are the most interesting aspects of a prop trading company. Risk management levels for maximum losses and profit targets also play the key role.
Earn2Trade vs Topstep - profit split
| Profit split | Earn2Trade | Topstep |
|---|---|---|
Managed amount |
up to USD 200,000 (start from USD 25,000 ) |
n/a |
% Profit split |
80% |
90% |
Profit split is one of the most interesting criteria for traders. Learn about the share of trading profit you can earn by traders with Earn2Trade and Topstep.
Earn2Trade vs Topstep - trading restrictions
| Trading restrictions | Earn2Trade | Topstep |
|---|---|---|
Scalping |
Allowed |
Allowed |
News trading |
There are limitations |
Allowed |
Algorithmic trading |
Allowed |
Allowed |
Mandatory Stop Loss |
No |
No |
Mandatory position closing before the weekend |
yes |
Yes |
Other limitations |
Some prop trading companies have limitations for certain trading strategies. There can also be limitations for trading without Stop Loss, trading position rollover to weekend, etc.s
Earn2Trade vs Topstep - trading assets
| Asset Name | Earn2Trade | Topstep |
|---|---|---|
Forex |
No |
No |
Stocks |
No |
No |
Metals |
No |
No |
Cryptocurrencies |
No |
No |
Energy |
No |
No |
Indices |
No |
No |
ETFs |
No |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes |
Yes |
Others |
No |
No |
Most prop trading companies focus their trading on specific markets: stock, Forex, futures and options, and in some cases cryptocurrency. If you have a preference of a specific market, compare Earn2Trade and Topstep trading assets to make a better informed choice.
Earn2Trade vs Topstep - trading platforms
| Earn2Trade | Topstep | |
|---|---|---|
МТ4 |
No |
No |
МТ5 |
No |
No |
cTrader |
No |
No |
NinjaTrader |
Yes |
Yes |
Other |
Finamark System |
TSTrader , TradingView , MotiveWave, ATAS |
|
Your capital is at risk.
|
Your capital is at risk.
|
Trading platform is very important to many traders, particularly those who already have experience of working with trading bots and strategies on one of them. Prop trading companies mostly offer to work with MT4, MT5 and cTrader Forex trading platforms as well as proprietary platforms of large brokers. Compare trading platforms of Earn2Trade and Topstep to make the best choice.
FAQs
How to choose a prop trading company
Choose one of the top prop trading companies for analysis.
Compare it with its key competitors using the criteria developed by TU experts.
Select the company that perfectly fits your trading strategy and style.
Submit an application and fulfill the conditions of a prop company.
What are the main benefits of working with a prop company?
Firstly, you will be able to raise a substantial amount for trading, which will greatly improve your possibilities and potential profit. You will be able to use less risky strategies and earn decent income. Also, prop trading companies help traders to improve their professional level by offering educational courses, seminars, and exchange of experience.
Can anybody become a prop trader?
You don’t need special education and status to become a prop trader. The main selection criterion is the ability to trade successfully and meet company’s risk/reward requirements.
How to get funded as a trader
You need to select one or several companies that seem interesting to you, review their conditions, submit an application and pass the primary selection of traders. As a rule, prop trading companies offer educational courses or organize competitions on demo accounts, based on the results of which you can receive financing.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).