Navigating the intricacies of the proprietary trading world is no small feat. One crucial step for beginners is selecting the right educational course to help build a solid foundation in trading—an endeavour made challenging by the sheer number of programs available. What aspiring traders need is a firm that functions like a talent scout, identifying and nurturing top trading talent.
Earn2Trade fits this role well, offering a futures-funded trader program known as The Trader Career Path Gauntlet. This program provides participants with the opportunity to trade using a LiveSim account from Helios Trading Partners, giving them a realistic and immersive experience as they hone their trading skills.
The Trader Career Path
Earn2Trade recognized that traders who completed the Gauntlet Mini™ evaluation often felt the absence of a sense of progression, and in response introduced the ideal product to address this need and provide their customers with a clear route to a full-time trading career – the Trader Career Path. This evaluation program offers a detailed scaling plan and includes a free reset each month with each rebill, providing a supportive framework for continuous growth. Explore below to learn more about how this unique evaluation program can serve as a springboard for ambitious traders.
Evaluation
Earn2Trade offers two distinct paths within their Trader Career Path program, the TCP25 and the TCP50. Each version is designed with unique starting account sizes, reflecting their namesakes, but they both share two key characteristics that appeal to traders.
- Traders who successfully complete the evaluation can unlock a funding offer featuring a structured scaling plan.
- Active subscribers receive a complimentary reset once every 30 days, timed with their billing cycle.
TCP25
TCP50
TCP100
How To Get Funded
To be eligible for funding, traders must meet three objectives concurrently while adhering strictly to predefined rules. Unlike other platforms, there’s no imposed deadline for evaluation, granting traders the freedom to progress at their preferred pace, ensuring thoroughness and meticulousness in their approach, provided they maintain their subscription.
Changes After the Test
Once traders have successfully completed the evaluation, they earn the opportunity to manage a funded trading account with one of Earn2Trade’s affiliated prop trading firms. The profit-sharing structure allocates 80% of the earnings to the trader, while the remaining 20% is retained by the firm as the provider of the trading capital. A funded account introduces several key features that enhance the trading experience, such as:
- No consistency rule
- No minimum trading day requirement
- No monthly subscription
- Traders cannot reset
- Traders can withdraw a portion of their profits
- Monthly data fees of up to $105 per exchange
Brokers and Prop Trading Firm
Earn2Trade has partnerships with two prominent proprietary trading firms, Appius Trading Limited in the United Kingdom and Helios Trader Group in the United States. Helios Trader Group engages Edge Clear as its introducing broker and Phillip Capital as its Futures Commission Merchant (FCM). Meanwhile, Appius Trading Limited partners with Advantage Futures as its Futures Commission Merchant. This network of partnerships positions LEarn2Trade to offer its traders a versatile array of brokerage services in both regions.
While the prop trading firm maintains discretion over their trader selection, Earn2Trade ensures that their partnering firms will accept qualified candidates.
After successfully passing the evaluation phase of the Trader Career Path, the first decision traders are faced with is whether to proceed with a LiveSim account or a Live account.
Live Account VS. LiveSim Account
The Trader Career Path redefines the funding program by providing a route for users to trade on live futures markets with a registered broker. Unlike traditional funded trading programs that restrict activity to simulated environments, this model creates a direct link between a trader’s success and the funding firm’s success. By placing traders in a live market setting, the funding firm has a vested interest in supporting their progress. This structure fosters a mutually advantageous relationship, encouraging collaboration and shared goals between traders and the firm.
Withdrawal
Traders are entitled to claim 80% of the profits they make, while the prop trading firm keeps the other 20% as compensation for taking on the financial risk. The specific terms for withdrawing profits are as follows:
- $100 minimum withdrawal
- No bank fees for withdrawals over $500
- Withdrawals are processed weekly, on Tuesdays
- The prop firm retains 20% of profits, but these are only withdrawn when the trader makes withdrawals (as opposed to on a monthly basis)
- Withdrawals can be processed through bank transfer, instant card transfer, Coinbase, PayPal, Payoneer, Revolut, or Wise.
Upgrade To Your Live Account
TCP25 Scaling Plan
The $25,000 virtual trading account serves as a proving ground for traders to showcase their trading acumen. Though it mirrors the structure of real-capital accounts, no actual futures contracts are executed on the open market.
For a monthly fee of $150, traders can test their skills, adhering to a daily loss limit of $550. This subscription includes a complimentary account reset each month upon renewal, providing flexibility for traders who may need a fresh start.
Traders who pass the evaluation stage in the Trader Career Path have the option to transition to either a LiveSim account or a Live account, offering a pathway to real-market trading based on their preferences and performance.
LiveSim Account OR Live Account
$25,000 LiveSim Account
The $25,000 LiveSim account sets clear guidelines for traders, with an End-of-Day (EOD) drawdown limit of $1,500 and a daily loss cap of $550. Traders progress through a structured ladder system, allowing them to scale up as they achieve milestones. Once traders grow their account balance to $1,750, they’re eligible to withdraw $1,400, representing 80% of their earnings, while also upgrading to a $50,000 Live Account.
It’s worth highlighting that the LiveSim stage is an optional step on the Trader Career Path. After completing the initial phase, traders can choose to move directly to a live account, bypassing the simulation. This flexibility can be appealing for those confident in their skills. However, if a trader needs to reset the evaluation due to a misstep, there’s a $100 fee for the reset.
$25,000 Live Account
The $25,000 Live Account sets a clear structure for traders, with an End of Day (EOD) drawdown capped at $1,500 and a daily loss limit of $550. This account uses a progression system that offers a tangible path for advancement.
Once traders hit an account balance of $1,750, they’re eligible to withdraw 80% of their profits, taking home $1,400, and can then upgrade to a $50,000 Live Account. Further along this progression ladder, after withdrawing $2,400 (or 80% of $3,000), traders unlock access to a $100,000 Live Account, which introduces a trailing drawdown of $3,500 and a daily loss limit of $2,200.
The next milestone allows traders to withdraw 80% of $6,000, providing them with $4,800 and enabling an upgrade to a $200,000 Live Account. This account offers a more substantial fixed drawdown at $194,000 and a daily loss limit of $4,400.
The final step involves withdrawing $8,800, at which point traders are presented with a custom offer, offering additional flexibility and opportunities for growth.
Overall, this progression ladder provides a clear roadmap for traders, with each step offering increased capital and expanded risk management parameters.
TCP50 Scaling Plan
The $50,000 Evaluation with virtual capital is a paper trading account where participants trade with simulated funds. Although it mirrors the tracking process used for real-capital accounts, it does not involve actual trading on the futures market.
This simulated account comes with a monthly fee of $190 and includes a daily loss limit of $1,100. Subscribers can benefit from free account resets with each monthly renewal. After completing the evaluation stage of the Trader Career Path, traders can choose to continue with either a LiveSim or a Live account, offering different levels of exposure to real-market trading.
LiveSim Account OR Live Account
$50,000 LiveSim Account
The $50,000 Evaluation with virtual capital is a paper trading account where participants trade with simulated funds. Although it mirrors the tracking process used for real-capital accounts, it does not involve actual trading on the futures market.
This simulated account comes with a monthly fee of $190 and includes a daily loss limit of $1,100. Subscribers can benefit from free account resets with each monthly renewal. After completing the evaluation stage of the Trader Career Path, traders can choose to continue with either a LiveSim or a Live account, offering different levels of exposure to real-market trading.
$100,000 Live Account
The $100,000 Live Account has a trailing drawdown of $3,500 and a daily loss limit of $2,200. Traders follow the progression ladder and upon withdrawing $4,800 (i.e. 80% of $6,000) can upgrade to a $200,000 Live Account.
$200,000 Live Account
The $200,000 Live Account has a fixed drawdown of $194,000 and a daily loss limit of $4,400. Traders follow the progression ladder and after withdrawing $8,800 (i.e. 80% of $11,000) can upgrade to a $400,000 Live Account.
$400,000 Live Account
The $400,000 Live Account has a fixed drawdown of $380,000 and a daily loss limit of $8,800. Traders follow the progression ladder and after withdrawing $32,000 (i.e. 80% of $40,000) will receive a custom offer.
Appendix
LiveSim Account
The Trader Career Path LiveSim account, offered by one of Earn2Trade’s partner firms, is a virtual account designed to simulate the trading experience with an important distinction—traders can withdraw their earnings just like they would from a live account. From the trader’s perspective, it closely mirrors the dynamics and expectations of real-world trading. The LiveSim account has a number of noteworthy advantages, including:
- Traders certified as non-professionals can make their first exchange for free
- Setup is completed quickly
- Earn2Trade includes a free NinjaTrader license
LiveSim accounts significantly reduce the stress typically linked with live trading, while still allowing successful traders to earn profits.
Live Account
The Trader Career Path’s Live Accounts engage directly with the Chicago Mercantile Exchange (CME), executing orders by transmitting them to specified exchanges. While the setup process for Live Accounts tends to be lengthier, traders using these accounts immerse themselves in actual futures trading at a broker, using the proprietary trading firm’s capital.
Minimum Balance
The Minimum Balance is the lowest amount of capital required to keep an account open. For the $400,000 Live account, this requirement is set at $380,000, establishing a clear threshold. In contrast, the Minimum Balance for other accounts varies depending on the specific drawdown experienced.
EOD Drawdown
The End of Day (EOD) Drawdown offers a straightforward way to assess an account’s minimum balance. It works by subtracting the drawdown amount from the highest recorded end-of-day balance. This method applies consistently to both the evaluation stage and LiveSim accounts within the Trader Career Path, providing a clear and reliable measure for tracking performance.
Trailing Drawdown
The Trailing Drawdown mechanism offers a dynamic evaluation of your account’s Minimum Balance, adapting in real-time as it deducts the drawdown from your peak account balance. It factors in both open and closed equities, providing a comprehensive assessment. This system is integral to the $25,000, $50,000, and $100,000 Live accounts in the Trader Career Path.
Fixed Drawdown
A fixed drawdown establishes a baseline for account balances, requiring traders to maintain a certain minimum level to avoid account failure. This baseline does not shift with market changes, ensuring it remains constant regardless of gains or losses in equity. The rule mandates that the account balance, including both open and closed positions, must never drop below the set threshold. For example, the $200,000 and $400,000 Live accounts come with fixed drawdowns of $194,000 and $380,000, respectively. This mechanism serves as a stringent safeguard against excessive risk-taking and helps traders maintain a disciplined approach.
Pros
- Access to a range of educational materials, including webinars and eBooks
- The Trader Career Path is unparalleled by other funding programs in the prop trading industry
- Continuous mentoring and support provided for traders
- Basic charting and indicators are available on the platform
- The firm is well-regarded in the industry
- Regularly features discounted offers for users
- Ideal for Futures traders
Cons
- No free trial
- Focused solely on futures trading
- Minimum requirement of 15 trading days to pass the evaluation, which is among the longest in the industry
Conclusion
Earn2Trade stands out in the prop trading world by providing some of the industry’s most compelling funded programs. It offers traders a suite of top-notch benefits, including access to Journalytix and the ability to connect with a vibrant trader community. With its newly launched Trader Career Path, Earn2Trade opens doors to significant funded trading opportunities, offering initial capital of up to $400,000 and an attractive profit-sharing structure where traders keep 80% of their earnings.
The variety of funded programs available ensures that there is an option to meet the diverse needs and trading approaches of every participant. This flexibility is complemented by the firm’s reputation for reliability and its array of excellent additional resources. Earn2Trade is an ideal platform for traders at any stage of their career, providing them with the support and opportunities they need to thrive in the competitive world of prop trading.
Please refer to the following pages of our website to read about similar other Futures Prop Firms in the industry: Take Profit Trader Review