Traders always look for an edge in the Forex trading space. As a result, many solutions have come up. One of these solutions is Earn2Trade, a company that offers online training in Forex trading.
Two individuals, Ryan Masten and David Lojko, run this company. They claim to have the ability to redefine what trade education looks like. Additionally, the company promises to match successful students to proprietary trading firms.
Overall, this company seems legit, and the course appears attractive. However, it does not come at a low price. In this review, we will be assessing the company to see whether the training is worth investing in.
Many companies will promise to transform you into a professional trader in no time. However, they cannot deliver on what they promise. Hence, thorough research is needed. There are many aspects to look out for to see whether a company is worth your money.
The company needs to be transparent and run by experienced individuals. Additionally, they need to have verifiable trading performances.
This is the only way you can be sure you are buying a product worth your money. To save yourself some trouble, only invest with the top Forex trading solutions in the market. Only such companies can deliver what they promise.
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Earn2Trade’s website has a professional look and is aesthetically pleasing. The team makes its mission clear from the beginning. They aim to produce professional traders: the firm recruits and trains Futures traders with personalized education.
Additionally, the company offers mentoring sessions and live webinars and hands-on experience with a trading simulator. Students who pass the Gauntlet evaluation program receive a guaranteed offer from the company’s partner.
Luckily, the company reveals who is behind its operations. The founder of the company is known as Ryan Masten. Additionally, the website features several names of its trading mentors. However, they do not feature any verifiable trading results of their trading mentors.
Investors always want to know they are getting training from experienced active traders. Active involvement in Forex trading ensures one stays up to date with market trends and strategies. Moreover, the mentors featured on the website mostly have educational backgrounds. We feel like they need more than that.
This paints a bad image of the company. With no Forex trading experience, why are they offering the training? Moreover, what strategies are they going to teach traders?
These are important questions because they show that the company is teaching strategies they have not tried yet. Therefore, the company cannot assure traders they will be profitable after taking the course.
This company features some of the most expensive investment plans we have seen. There are several investment plans that clients can adopt. The Beginner Crash Course costs a one-time payment of $249, and the Gauntlet program costs a one-time fee of $429.
The Gauntlet Mini program has a range of prices depending on the account type. The prices vary from $150 to $350 per month. Additionally, the company offers a 6-month Bootcamp at $2,499.
The Beginner Crash Course
This course is a 66 ten minute video package that covers both classic and advanced concepts. Each video is followed by a quiz to ensure students grasp the course content.
This course is best suits beginners. The course is understandable and is animated heavily with plenty of examples.
This is a six-month comprehensive trading course that teaches about markets, risk management, and technical training. Additionally, the course pairs you with a proprietary trading firm upon completion.
The course involves a personal mentor guiding you through a video course and webinar catalog in weekly one-to-one sessions. Upon finishing the course, you will begin a trading simulator where the mentor will oversee your performance.
The Gauntlet Program
The Gauntlet program is a custom developed futures trading evaluation tool. The tool helps students determine if they are ready to trade live in the futures market. It is the final step of the company’s education program.
The company sets a few hard rules to enable the maximum trader flexibility in pursuing their preferred trading strategy. The company advises its clients to only attempt this program after finishing the Beginner Crash Program.
The challenge is to manage a $25 0000 virtual trading account over 60 days. You have to trade a minimum of 30 calendar days and at least once per week. Additionally, you have to reach a 10% profit target by the end of the Gauntlet program. Moreover, you have to have a maximum of 10% drawdown on your account.
Candidates can choose preset stop losses, daily losses, and weekly loss limits. They can also set their own additional rules for the 60-day evaluation period. However, if a candidate chooses to set their own rules, they have to abide by them.
Upon successfully completing the Gauntlet, Earn2Trade sends your results to their proprietary trading partner. The trading partner reviews these results and brings you as a funded trading partner of their firm. Additionally, Earn2Trade issues you with a completion certificate.
This program gives you free access to the company’s education and webinar library. Moreover, you get a full refund if you exceed expectations.
The Gauntlet Mini
The Gauntlet Mini is an intraday futures trading exam that guarantees a funding offer for a live trading account by the company’s trading partner. The goal of this scheme is to offer futures traders to become professional traders.
This program best suits traders with skills but lack the capital. The program evaluates your trading performance using a set of rules you have to follow. The set of rules is as follows.
- Trade a minimum of 15 trading days.
- Do not reach or dip below the daily loss.
- Only trade during approved times.
- Do not exceed the maximum position size.
- Do not reach or dip below the trailing drawdown.
- Follow the progression ladder.
- Maintain consistency.
This program also gives you complimentary access to the entire Beginner Crash Course. Candidates can reset the Gauntlet Mini at any time for $100. However, the reset will not restart your billing period. The reset simply reverts your account back to its original starting balance.
Physical Address and Customer Support
The company gives its physical address as 30 N Gould Street, STE 4000, Sheridan, Wyoming 82801. It’s a good indication as it shows the company is not afraid to be tracked down.
Additionally, the company offers customer support. They vow to provide world-class customer support to their customers 24/7. You can get in touch with the company via its email at [email protected] or call them on 1-888-502-2260.
Further, the company has a social media presence. They have provided links to their Facebook, Twitter, Instagram, YouTube, and LinkedIn accounts.
Overall, this company seems legit. They have remained transparent on whom they are and have given the physical address of their headquarters. Moreover, the services they provide seem very interesting.
However, the firm seems to be lacking experience in trading. They have not provided any evidence to show that their trade mentors have experience in trading. This would go a long way in making the purchasing decision easier.
For these reasons, we cannot place this company among the best Forex trading solutions. They still have a few details they need to polish before we can recommend them to you. You should invest with the best Forex trading brokerages in the market.
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