FTMO vs Earn2Trade - full comparison
| Feature | FTMO | Earn2Trade |
|---|---|---|
Overall |
4.22 |
4.08 |
4.5 |
4.2 |
|
4.3 |
4.4 |
|
3.7 |
3.8 |
|
4.7 |
3.7 |
|
Benefits for Prop-trader |
3.9 |
3.8 |
4.2 |
4.6 |
|
|
Your capital is at risk.
|
Your capital is at risk.
|
FTMO vs Earn2Trade: pros and cons
To qualify for a funded trading account at FTMO, you must go through a rigorous three-step process: Enter the FTMO Challenge, where you must meet the profit targets within 30 days. Begin the 60-day Verification Procedure, during which you must demonstrate that you can repeat your FTMO Challenge success. After completing the two-step review procedure with the FTMO Challenge and Verification, you will be contacted by FTMO with an offer to trade their capital on accounts ranging from $10,000 to $400,000. A great fact to note is that FTMO’s stronghold is its currencies. This is the best place to consider a forex funded account, if you enjoy trading currencies. You can trade 44 currency pairs as well as 10 cryptocurrencies. Furthermore, cash indices, commodities, and stock CFDs are available for trading. The free versions of the three most popular forex trading platforms, MetaTrader 4, MetaTrader 5, and cTrader, are accessible.
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.
| FTMO | Earn2Trade | |
|---|---|---|
| Overall Pros | Quite low testing cost is €155 | Cooperation with this company is possible after the payment of a $90 subscriber fee |
| Classic platforms such as MT4, MT5, and Ctrader are familiar to many traders. For these platforms, hundreds of indicators, scripts, and advisers have been developed | Quality teaching by professional traders, approved by the National Futures Association (NFA), which is the most reputable regulator in the futures market | |
| The starting reward is 80% | Access to free trading platforms and extended analytics | |
| Diversification of tariff plans. Candidates can choose a demo deposit from 10 thousand to 200 thousand US dollars. There are tariff plans that span from standard to aggressive trading | Trading on the Chicago Mercantile Exchange (CME), which is the world’s largest futures exchange | |
| Leverage is up to 1:100 | 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 the test period. The allowable maximum loss is 10% of the deposit amount. The target profit is 10%, for which 1 month is provided | 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 |
| Strict requirements for the test period. The allowable maximum loss is 10% of the deposit amount. The target profit is 10%, for which 1 month is provided | Earn2Trade is not a brokerage and, therefore, doesn’t make or guarantee withdrawals of funds from real accounts | |
| There is no information about how the company is funded | Clients of Earn2Trade can only trade on futures exchanges. Other markets (Forex, CFDs, real stocks, cryptocurrencies) are not available |
FTMO vs Earn2Trade - regulation and safety
| FTMO | Earn2Trade | |
|---|---|---|
Regulators |
No |
No |
Country of registration |
Czech Republic |
USA |
Year of establishment |
2014 |
2017 |
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 FTMO and Earn2Trade by the above criteria.
FTMO vs Earn2Trade - trading conditions, costs and leverage
FTMO
| Trading Plan | Managed amount, USD | Min trading days / Trading period | Profit target, USD | Daily loss | Max total loss | Max leverage | Price, USD |
|---|---|---|---|---|---|---|---|
| Normal | 10 000 | 10/30 (Stage 1) 10/60 (Stage 2) | 1000 (Stage 1) 500 (Stage 2) | 5% | 10% | 155 EUR (one-time payment) | |
| 25 000 | 2500 (Stage 1) 1250 (Stage 2) | 5% | 10% | 250 EUR (one-time payment) | |||
| 50 000 | 5000 (Stage 1) 2500 (Stage 2) | 5% | 10% | 345 EUR (one-time payment) | |||
| 100 000 | 10000 (Stage 1) 5000 (Stage 2) | 5% | 10% | 1:100 | 540 EUR (one-time payment) | ||
| 200 000 | 20000 (Stage 1) 10000 (Stage 2) | 5% | 10% | 1080 EUR (one-time payment) | |||
| Aggresive | 10 000 | 2000 (Stage 1) 1000 (Stage 2) | 10% | 20% | 250 EUR (one-time payment) | ||
| 25 000 | 5000 (Stage 1) 2500 (Stage 2) | 10% | 20% | 345 EUR (one-time payment) | |||
| 50 000 | 10000 (Stage 1) 5000 (Stage 2) | 10% | 20% | 540 EUR (one-time payment) | |||
| 100 000 | 20000 (Stage 1) 10000 (Stage 2) | 10% | 20% | 1080 EUR (one-time payment) |
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 |
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.
FTMO vs Earn2Trade - profit split
| Profit split | FTMO | Earn2Trade |
|---|---|---|
Managed amount |
up to USD 400,000 |
up to USD 200,000 (start from USD 25,000 ) |
% Profit split |
80% (with a possibility of an increase to 90%) |
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 FTMO and Earn2Trade.
FTMO vs Earn2Trade - trading restrictions
| Trading restrictions | FTMO | Earn2Trade |
|---|---|---|
Scalping |
Allowed |
Allowed |
News trading |
Allowed (for Swing Account). For other account, the limitations is +/-2 minutes |
There are limitations |
Algorithmic trading |
Allowed |
Allowed |
Mandatory Stop Loss |
No |
No |
Mandatory position closing before the weekend |
No (for Swing Account) |
yes |
Other limitations |
For traders who received real equity to manage after passing the exam, there are restrictions on daily / total loss of 5% / 10% |
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
FTMO vs Earn2Trade - trading assets
| Asset Name | FTMO | Earn2Trade |
|---|---|---|
Forex |
Yes |
No |
Stocks |
No |
No |
Metals |
Yes |
No |
Cryptocurrencies |
Yes |
No |
Energy |
Yes |
No |
Indices |
Yes |
No |
ETFs |
No |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
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 FTMO and Earn2Trade trading assets to make a better informed choice.
FTMO vs Earn2Trade - trading platforms
| FTMO | Earn2Trade | |
|---|---|---|
МТ4 |
Yes |
No |
МТ5 |
Yes |
No |
cTrader |
Yes |
No |
NinjaTrader |
No |
Yes |
Other |
No |
Finamark System |
|
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 FTMO and Earn2Trade to make the best choice.
FAQs
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.
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.
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.
Is prop trading a scam or not?
Prop trading is not a scam, although scam companies do sometimes operate in this market. Choose the leaders of the TU rating, which passed several stages of preliminary selection. This will help you to reduce your risks.
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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).