On June 13th ET sent us members a 3rd party offer to take the the 60 day"Gauntlet" trading test from Earn 2 Trade for $349. It is very intriguing and I was wondering if any ET members have taken this in the past. Their "come on" is that if you make 10% profit you will get an investment to trade and keep up to 80% of the profits.
Haven't tried and strongly recommend not to do that. This is just another promo to lure beginners are you one of those?
I don't think I would be so quick to dismiss this offer. If I was considering this, I would want in writing if there are additional metrics for passing the Gauntlet. https://www.earn2trade.com/gauntlet Also, I would want to know how much capital would be made available assuming I passed the Gauntlet.
Nice office they have, they operate from a kindergarten ? And their proprietary trading partner, Helios Trading... what a joke. Where is their office, who is trading there, for how long have they been in the business ? A big joke. Better go and spend the money on a good evening with blackjack and hookers
Don't do blackjack (worse odds than trading even) and don't do hookers either. So I might just take my wife out for a steak and pocket the rest. Thanks for digging out this info. I wonder why ET partnered with them?
No, and I don't want to, don't fall into such trap, they are not better than waste. Find some other!! Trading JP Morgan
Hi all, Thank you for the interest shown towards our product. To clarify: the Gauntlet, our evaluation tool, has two hard requirements: you need to be able to post a 10% profit by the end of the 60th day and you also need to place at least 1 trade per week. If you pass these requirements, you will get an offer, no further metrics apply and receiving the offer is guaranteed. We do ask Gauntlet customers to do one more thing, in order to get a better funding offer: describe their trading strategy as clearly and detailed a manner as possible. This includes setting their own drawdown limit, daily targets, etc… This is to be done before the Gauntlet starts. Throughout the challenge, our proprietary trading partner, Helios is monitoring whether or not customers are able to stay within the limits of their own strategy - which is considered to be a hallmark of an experienced and conscious trader. Failing to do so will not end the challenge, but will probably result in a more “careful” funding offer. But again, as long as the two requirements above are fulfilled, customers WILL get a funding offer. Regarding the location: Being that our founders and team are all around the US and telecommute, we only need a mailing address. We do have a physical office for our international team. Helios is in a similar situation. All traders work from their own location. The “traditional” prop firm has a physical office sure, but they do not typically accept traders with a small performance record and many require traders to put up some of their own money. In fact, some require tax returns demonstrating $500k/yr in trading income before they’ll consider you. Helios is building a virtual team of traders with the belief that there is still great talent untapped in new as well as experienced yet under funded traders. Funding is generally between 10-25k. All of that is available for the traders from day one of their trading with Helios and is not “unlocked” gradually or anything like that. This is available margin. Helios generally allows a 20% drawdown from these funds, but if your Gauntlet performance shows that you regularly dip below 50% even and still are profitable, Helios will be able to allow you that. The amount above is the initial funding, Helios traders can request reviews and an increase in funds, based on their performance. Helios indeed is a new company, as well as Earn2Trade, which was founded in 2016. We haven’t had a lot of people passing the 60-day mark and the 10% profit target, but that doesn’t change the experience of the team and the fact that they guarantee the funding offer to those who pass. You can read about our team more here: https://www.earn2trade.com/who-we-are One final thing.... Earn2Trade is focused heavily on educating traders and using our flexible testing methodology to help grow our partner trading firms. While we do generate revenue from traders who fail the gauntlet, it’s not our primary revenue model. We hope that through our Gauntlet flexibility and education for those who choose to participate, we can lower the percentage of failed attempts. We are always happy to help with any questions you might have for us! Thank you for your time and inquiries.