This article will give you an overview of what happens when candidates pass The Trader Career Path® or The Gauntlet Mini™ trader funding evaluations.
Earn2Trade periodically screens if active candidates qualify to pass our evaluations. Then, we check to confirm that the candidate meets all three requirements. If you believe you’ve passed, you can contact us, and we’ll check for you.
After we confirm that you meet the requirements, we will send you a certificate to congratulate you on passing, and we’ll forward your results to our proprietary trading partners.
Our partner firm will reach out to you to ask if you’d prefer to be funded on a Live or LiveSim ® account and send you your offer. You will need to sign the offer and send them documents to verify your address and identity to continue.
Our partner firm will forward your documents to the brokerage to create your trading account, deposit their capital, and send you the login information for the account.
The broker may request a certified translation of the address/ID proof from customers whose primary language is not English. In cases where the document is entirely in Arabic, the broker will undoubtedly require a translation.
You are free to trade your funded trading account as you see fit as long as you follow the rules, and you will be able to withdraw your share of any profit you start making from it.
In our experience, this entire process takes 5-7 business days on average. However, since it depends on both the trader who passed the test and the third parties mentioned above, the exact time it takes to get set up may vary.
Note:
Funded traders who choose a LiveSim® account and have a Non-professional CME status will have a one-time per-account activation fee of $139 deducted from their first withdrawal amount, covering all four CME exchanges, and the costs associated with setting up and maintaining a funded account. This fee only gets deducted if they make profits and it is exclusively applicable to their first withdrawal and not to subsequent ones. In practical terms it means that for the first withdrawal only, their profits must be sufficient to cover both the minimum withdrawal amount and the one-time setup fee. They need at least $239 in profits ($100 + $139 setup fee) to make their first withdrawal.
Those with Professional status will be charged $135/month/exchange. Traders who choose to trade on a Live account will also pay $135/month/exchange.