Earn2Trade vs Maverick Trading - full comparison
| Feature | Earn2Trade | Maverick Trading |
|---|---|---|
Overall |
4.08 |
3.97 |
4.2 |
4 |
|
4.4 |
3.7 |
|
3.8 |
4.1 |
|
3.7 |
4.3 |
|
Benefits for Prop-trader |
3.8 |
3.8 |
4.6 |
3.9 |
|
|
Your capital is at risk.
|
Earn2Trade vs Maverick Trading: 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.
Founded in 2020, My Forex Funds is a proprietary trading firm based in Toronto, Canada. More than 40,000 traders from 120 countries were funded by this firm in one year, making it one of the fastest growing firms in the industry. There are a variety of programs available that can be adapted to different profiles of traders, even one does not require prior evaluation and you start with a real funded account. A profit sharing account can reach up to 85%, with a maximum size of $2,020,000 at your disposal. There are three different programs offered by My Forex Funds available on a one-time payment basis without recurring monthly fees. Rapid accounts offer 12% profit on day one while you pass the evaluation process. A range of $10,000 to $100,000 is available for funding. There are two stages in the evaluation process for the Evaluation account (the first stage targets 8% profit, and the second stage targets 5% profit). A range of $10,000 to $100,000 is available for equally funded accounts. There is no evaluation process in the Accelerated program, where you trade with a live account from day one. Account balances range from $2,000 to $50,000 and can reach $2 million. In general, the rules for complying with this prop firm vary based on the program selected, but the most common are: Maximum drawdown of 5% per day An overall drawdown of up to 12% is allowed Minimum of one trade per day for a minimum of three days per week is required
| Earn2Trade | Maverick Trading | |
|---|---|---|
| Overall Pros | Cooperation with this company is possible after the payment of a $90 subscriber fee | The company doesn’t set limits on the maximum purchasing ability, so you can increase it as your professionalism grows |
| Quality teaching by professional traders, approved by the National Futures Association (NFA), which is the most reputable regulator in the futures market | Maverick offers terms for testing trading strategies without financial risks | |
| Access to free trading platforms and extended analytics | Trading in Maverick Trading is carried out at the expense of the company's capital, not the trader's funds | |
| Trading on the Chicago Mercantile Exchange (CME), which is the world’s largest futures exchange | ||
| 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 cooperate with novice traders without trading experience |
| Earn2Trade is not a brokerage and, therefore, doesn’t make or guarantee withdrawals of funds from real accounts | ||
| Clients of Earn2Trade can only trade on futures exchanges. Other markets (Forex, CFDs, real stocks, cryptocurrencies) are not available |
Earn2Trade vs Maverick Trading - regulation and safety
| Earn2Trade | Maverick Trading | |
|---|---|---|
Regulators |
No |
No |
Country of registration |
USA |
USA |
Year of establishment |
2017 |
1997 |
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 Maverick Trading by the above criteria.
Earn2Trade vs Maverick Trading - 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 |
Maverick Trading
| Trading Plan | Managed amount, USD | Min trading days / Trading period | Profit target, USD | Daily loss | Max total loss | Max leverage | Price, USD |
|---|---|---|---|---|---|---|---|
| Qualification Program | 25 000 | Individual conditions | Individual conditions | Individual conditions | Individual conditions | Individual conditions | Depending on the experience of the trader |
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 Maverick Trading - profit split
| Profit split | Earn2Trade | Maverick Trading |
|---|---|---|
Managed amount |
up to USD 200,000 (start from USD 25,000 ) |
up to USD 800,000 |
% Profit split |
80% |
up to 80% |
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 Maverick Trading.
Earn2Trade vs Maverick Trading - trading restrictions
| Trading restrictions | Earn2Trade | Maverick Trading |
|---|---|---|
Scalping |
Allowed |
All conditions are agreed upon individually |
News trading |
There are limitations |
|
Algorithmic trading |
Allowed |
|
Mandatory Stop Loss |
No |
|
Mandatory position closing before the weekend |
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 Maverick Trading - trading assets
| Asset Name | Earn2Trade | Maverick Trading |
|---|---|---|
Forex |
No |
Yes |
Stocks |
No |
Yes |
Metals |
No |
Yes |
Cryptocurrencies |
No |
No |
Energy |
No |
Yes |
Indices |
No |
Yes |
ETFs |
No |
No |
Bonds |
No |
Yes |
Mutual funds |
No |
No |
Stock options |
No |
Yes |
Futures Trading |
Yes |
No |
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 Maverick Trading trading assets to make a better informed choice.
Earn2Trade vs Maverick Trading - trading platforms
| Earn2Trade | Maverick Trading | |
|---|---|---|
МТ4 |
No |
No |
МТ5 |
No |
No |
cTrader |
No |
No |
NinjaTrader |
Yes |
No |
Other |
Finamark System |
Affiliate Trading Platforms |
|
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 Maverick Trading to make the best choice.
FAQs
Do prop trading companies operate legally?
Prop trading companies operate in the market for many years and value their reputation, therefore organizing their activities in compliance with the law. Companies from the U.S., the UK, Australia and other countries with a high legal culture are considered the most reliable.
What percentage of trading profit can I withdraw?
As a rule, upon expiry of an established trading period, traders can withdraw from 50% to 90% of profit. Everything depends on the conditions of a specific trading plan. Prop companies often incentivize successful traders by offering them a higher percentage of payouts and additional bonuses.
What amount can I get as a funded trader?
Trading plans of prop companies are developed taking into account individual financial abilities and needs of traders. As a rule, beginners are offered plans from $10,000 to $25,000. Successful traders can attract up to $1 million in management.
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.
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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).