How to open an Earn2Trade account?
If you're looking to open your Earn2Trade account, you can do so by following these steps:
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Visit the website Earn2Trade and click on the signup button.
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Select the package options.
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Create your account.
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Fill in all your required personal information.
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Take the quiz (consisting of 50 MCQ) and score 70% to pass the evaluation.
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Pay for the selected package.
Founded in 2017, Earn2Trade is an educational portal that offers retail traders a simulated trading program and a funded trading account program, allowing them to trade futures with virtual and real funds. The portal is also a recruitment firm that connects professionally trained and funded investors with trading websites.
But, to access all these features, a user needs to have an active Earn2Trade account. In this blog, we will guide you through the answers to how to open a Earn2Trade account, explaining Earn2Trade trading rules and other details a user must know.
Best Prop Trading FirmsHow do I become a funded trader?
To become a funded trader with Earn2Trade, users or investors need to follow the given steps:
Choose a program
Earn2Trade offers its users three programs: Trader Career Path, the Gauntlet Mini and Beginner Crash Course. With Trader Career Path, users can prove their strategic trading skills and increase the virtual fund amount. With Gauntlet Standard and Mini accounts, traders must begin with an initial deposit and meet the profit targets with smaller maximum dropdowns.
Pass the evaluation tests
After selecting the program, the following step is to qualify for the funded trading account. An evaluation process is decided to measure the trading performance, which will be evaluated based on profit and loss, risk management and drawdowns.
Since the evaluation process is different for each account type, it is advised to go through the details before selecting one.
Meet the requirements
Once you have passed the evaluation tests, the next step is meeting specific requirements like maximum drawdown limits, minimum profit limits, and other performance criteria. Furthermore, a trader must know that all these requirements vary depending on your chosen accounting program.
Get the funding
Now that you have selected the program, passed the evaluation tests, and met all the pre-set requirements, you can get the real-money funding. Each account will have different rules and risk parameters that traders must follow to trade and generate long-term profits.
How to Become a Prop Trader? A guide for beginnersWho can join Earn2Trade?
Since Earn2Trade is designed to help and train traders through a combination of funded trading programs, simulation and education, the portal is open to all. So, whether you’re a beginner or an advanced trader, you can join the portal. However, some of the facts that you must be aware of before joining the portal are:
You must be 18 years old or above to join Earn2Trade.
Although Earn2Trade is available for most countries, some may be excluded due to legal or other regulatory reasons. Make sure to check the list of all the eligible countries before signing up for the portal.
Since it is an educational portal, no minimum trading experience is required. But, it is still recommended to possess some basic knowledge about financial markets and trading before signing up for the program.
The traders will pay a minimum amount to enroll on the program and get a funded trading account.
Each program has some basic trading rules and risk parameters to limit the risk. Please go through the details to get an idea before starting trading with the website.
Trading rules
To maintain eligibility for a funded trading account, traders must follow specific rules and risk parameters. Earn2Trade trading rules ensure a disciplined approach to trading and risk management, which is essential for long-term success in the financial markets.
Maximum daily loss limit: Each program and account type in Earn2Trade has a maximum daily loss limit. If a trader exceeds this limit, their account is suspended for the following day. The maximum daily loss limit for TCP25 varies from $550 to $440, and for TCP50 - from $1100 to $8800. Gauntlet Mini's maximum daily loss limit is $1100, $2200, $3300 and $4400, depending on the account type.
Maximum trailing dropdown: The maximum trailing dropdown is the maximum percentage drop in an account’s value since its last inception. If the trader accidentally reaches the maximum trailing dropdown limit, their account is suspended for the following day. The EOD dropdown limit for TCP25 is $550; for TCP50, the EOD dropdown limit is $1100. For Gauntlet Mini, the EOD dropdown limit varies from $2000 to $4400, depending on the account type.
Profit target: The profit target is the daily profit requirement that needs to be met to maintain eligibility for a funded account. The profit goal for TCP25 is $1750, for TCP50 is $3000, and for Gauntlet Mini, it varies from $3000 to $11000, depending on the account types.
Position size limits: Position size limits or progression ladder is the limit of contracts a trader can trade. The progression ladder for TCP25 is up to 3 contracts, for TCP50- up to 6 contracts and in Gauntlet Mini, it starts from up to 6 contracts and lasts till 16 contracts.
Apart from these figures from the pre-decided rules, each instrument has specific trading hours and limited exposure to a single sector or instrument.
Can I make money in prop trading?Earn2Trade account opening guide
Visit the website and click on the signup button given in the top right corner of the webpage.
Image: Earn2Trade website
Select the package options that best suit your needs.
Image: Earn2Trade website
Create your account with your name, password and email address to get the updates.
Fill in all your required personal information and upload a photo of your government-approved identity.
Take the quiz (consisting of 50 MCQ) and score 70% to pass the evaluation.
Pay for the selected package. Earn2Trade accept payments in credit cards and cryptocurrencies.
After completing all these steps, you can begin trading and meet the eligibility for a funded account.
FAQs
How long does it take to open an Earn2Trade account?
It usually takes only a few minutes to complete the Earn2Trade account opening process. However, evaluation and other processes before getting the funded account may take some time, varying from 15 to 30 days.
Can I fund my Earn2Trade account with cryptocurrencies?
The Earn2Trade account can be funded with a credit card and cryptocurrencies.
What documents need to be submitted to open an Earn2Trade account?
Government-issued photo ID is required to complete the account opening process.
Do I need to have any prior experience with the Earn2Trade account?
Traders need no prior experience to begin trading with the Earn2Trsde account. However, getting a basic overview of financial markets is advised for better clarity.
Team that worked on the article
Upendra Goswami is a full-time digital content creator, marketer, and active investor. As a creator, he loves writing about online trading, blockchain, cryptocurrency, and stock trading.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.