We have to give it to them, Earn2Trade have a slick offering. The firm’s site exudes confidence and promise and the “Enroll Now” button is highly inviting. Do read the small print, however. Only 18.58% of traders passed the Gauntlet and Gauntlet Mini last year. That means a whopping 81.42% of traders failed – losing both the challenge and the nonrefundable entry fee. Moreover, the Earn2Trade site proudly features some big players – Forbes, BabyPips, and ABC Money. The logos suggest that they have endorsed Earn2Trade but this is intelligently misleading. If you click on the links they will have a negligible connection, the BabyPips one was simply a forum comment from a user who works at Earn2Trade. The Forbes link simply doesn’t work.
In sum, when looking for the best proprietary trading firm bear these key qualities in mind: payout scheme, challenge difficulty and rules, reset and refund status, and leverage. From a purely methodological perspective, Earn2Trades scores highly. Having said that traders truly wishing to be funded may wish to set their sights elsewhere.
Founded in Malta in late 2022 by a group of traders and investment managers, FunderPro was born out of the need to provide an opportunity for traders to be judged on their merit without pressure or unnecessary rules. FunderPro traders can trade in their own time, for as long as they want or need, there are no deadlines looming down nor petty restrictions to trip over.
FTMO is the latest in a burgeoning series of scouting programs. Propriety trading firms or “prop firms” put traders to the test (for a fee) through evaluations and challenges. The lucky few who pass are then funded with capital, and successful trades are split down a percentage with the broker. As scouting firms go, FTMO is an excellent all-rounder. Alongside a decent 80% payout for successful traders, FTMO equips users with webinars, workshops, and coaching.
Lack of real funds aside, there is much to love about the Funded Trader. If you enjoy a gamified approach to trading, then you will find plenty to appreciate on this platform. In summary, traders can leverage the highly realistic simulations of the Funded Trader Challenges to prepare themselves for a live market scenario and the risk of their own real funds. There is also a Kingdom of interactive and entertaining tools and features that will see you building up your traders’ portfolio of skills and strategies without feeling like classroom learning!