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Understanding the advantage of a competitive product,what are your competitive advantages over LeeLoo, Top Step, 5%ers, Uprofit, Apex, Top Tier?
not a sound to be heard. I only expect a dismissive response - at best. For example here is a valid comparison: UProfit is $145/mo for $25K; Apex $147; One Up $145; Try2B Funded $100, and Earn2Trade $90.
1. As far as I know, only Top Step and E2T lets you trade an actual account. Meaning your trades actually go to the market. This takes care of any potential conflict of interest that arises in those other firms where a trader can make a ton of money and for the firm to pay out that money it's money out of their pocket. Simply put: Earn2Trade does NOT lose money if you win. In fact, it's a win-win since they take a 20 % cut of your profits (which comes from the market). It's called a win-win situation. If you win with LeeLoo, Apex, OneUp, they LOSE - as it's money out of their pocket. One could argue as much as one want that losing traders pay for this, but it's still a loss for the company as you're never really funded. Anyone please correct me if there are other companies that let you trade real money. 2. In my mind - this alone eliminates all those bucket shop companies as serious options and leaves E2T / TopStep as the only serious options. I don't know TopStep in detail, but last I heard they imposed restrictions on pay-outs. Meaning you can't withdraw a full amount at any time. As far as I know, E2T is the only company that effectively lets you withdraw pretty much from day one. 3. Another benefit over those other companies is that many of them require you to "build a cushion" on your live account before you can withdraw money. Not the case with E2T. I also looked up UProfit a while back and they require an additional assignment fee if you succeed. Meaning the cost is easily the double. 4. With Apex/LeeLoo, you can't withdraw your full profits for a LONG time. Meaning your profits are locked up for up to 6 months. TL;DR - The get funded route is debatable as a serious option these days as you can fund your own account with micros these days, BUT, if you want to go down that path, E2T seems like the only serious option as far as I can tell and unless I missed something.