If you were successful then you will receive a certificate from Earn2Trade congratulating you on passing. Your results will then be submitted to our partners and they will review your results and send you a customized offer based on your performance. The offer contains, but is not limited to three main points, including the funding amount, the maximum drawdown and the profit split.
Owing to the high volume of traders who passed the Gauntlet™ and failed shortly after on their live account, a conditional offer is provided to the trader to lower risk to the proprietary trading firm. After successfully completing the Gauntlet™, the trader will acquire a LiveSim account in which profit can be withdrawn as if it were a live account. This account reduces the risk to the prop firm and provides the full benefits of a live trading account for the trader. Upon acquiring $5,000.00 profit, the conditional offer will have been met and the trader will join the proprietary trading firm as a limited partner.
Funding is 25,000.00 and all of the funds are available for the traders from day one as available margin.
The non-trailing maximum drawdown is based on the trader's drawdown during the Gauntlet™. See the chart below for details.
It's 80% profit share for the trader.