Dear Elite Traders, Earn2Trade is proudly announcing the all-new Trader Career Path, a trader funding program with a Scaling Plan! Pass the Test Trade Your Live Account Withdraw 80% of Your Profit Scale up to $200,000 with a $6,000.00 Fixed Drawdown! We’re launching this new product with a 50% discount. Grab the deal and start for a $75 introductory price! The discount will be applied to your subscription every month until you pass, cancel or change your plan. This offer is available until February 28, end of day CST. Sign up here
Okay so these actually give you a live account later on after being on live Sim for the first funding round. The gauntlet mini gives a higher funding option for a price but after you get funded you are still live Sim. Hopefully they move the live Sim people on the gauntlet mini to a live account at some point.
Hello Damanuelman, Once you pass a Gauntlet Mini™ you are given the option to select between a LiveSim or Live account. If you decide to do a LiveSim you are still upgraded to a Live account after you meet the maximum profits allowed ($5,000 - 20% from the profit split). Earn2Trade takes trader choices very seriously. If you opt for a live account, you receive a live account with Advantage Futures or Phillip Capital as the FCM.
Will your business model ever allow to be competitive with all these fake FX "prop-firms" in terms of risk capital a trader gets? In other words, will we ever see you offering a $40,000 risk capital for a fee of around $2,500 like some FX "prop-firms" do?
If non-American source income is not to be taxes AND Americans buying royalty content are not to be taxed, we amend 2020 and do 2021 accordingly. It is a very timely question, thank you. I think ultimately one of the goals of the TCP is moving this direction. Scaling up from one account to the next, while taking profits and showing consistency, is a good way to make sure people who deserve the capital you are describing rise to the top. We can't really promise that after the $200,000 account that was introduced, the next step is $40,000 risk capital, but a custom account past that is a step in this direction.
What is the first sentence of your reply about? What is TCP? Custom account - what can be its parameters?
We have just launched the product. It is basically a scaling plan that allows traders to upgrade to larger account sizes. It will be a short while before we see people get that high up on the career path and consequently the prop firms haven't funded anyone with a 200k account or beyond, so we can't speak from experience. The plan is to look through the user's trading history across the accounts and see what the trader feels is necessary for better results. Is it more buying power? Maybe fewer contracts but bigger drawdown? The prop firm and the trader would try to find an account setup where risk is acceptable, but the parameters bring out the best of the trader.