Earn2Trade is an established prop trading firm that has been operating since 2016. This firm offers a Funded Trader Program that appeals to traders specializing in commodities. With account sizes starting from $10,000, Earn2Trade caters largely to entry-level traders aiming to step into the realm of proprietary trading.
Deposits can easily be made using credit and debit cards, a convenience for most traders. Once profits are generated, withdrawals can be executed via bank wire transfer, which though reliable, might not be the fastest option available in today's trading landscape.
One significant downside to Earn2Trade, based on the context provided, is the limited range of tradeable instruments. Specializing in commodities might appeal to niche traders but could be a deal-breaker for those looking for wider market exposure.
Newly incorporated in July 2023, Forex Capital Funds is an upcoming player in the prop firm field. Its competitive edge lies in its transparent trading conditions coupled with competitive pricing, and a progressive scaling strategy that allows for unlimited trading duration. Additionally, traders can benefit from a generous profit share, staggered from 80% to 90%, depending on performance.
On the operational side, flexibility is demonstrated by permitting news trading as well as overnight and weekend holding positions – a stark contrast compared to many traditional prop firms. The firm allows for a variety of deposit methods, including crypto, which is becoming increasingly popular among modern traders. Withdrawal of funds is managed through Deel, suggesting an attempt to streamline payouts possibly across various currencies.
Forex Capital Funds also offer a diverse range of tradeable instruments, including commodities, crypto, forex, indices, and metals, catering to traders with varied interests and strategies. However, the leverage is capped at 1:30, which might be seen as conservative by those traders seeking higher risks and rewards. The limited community feedback available presents a challenge for potential users in gauging the firm's reliability and track record.
When comparing the two firms, Forex Capital Funds stands out for its broader market access and modern approach to trading conditions and payment processing. On the other hand, Earn2Trade holds ground with its longer history and focused commodity trading option which may still appeal to specific trader demographics.
Prospective traders should consider the trade-off between the traditional, yet potentially more trusted Earn2Trade, and the innovative, albeit newer, Forex Capital Funds. The choice might ultimately boil down to the individual's trading style, risk appetite, and the specific markets they wish to engage with.
In summary, for the proprietary trader seeking diversity and progressive terms, Forex Capital Funds might be the more attractive option. Conversely, those looking for a more established firm with a narrowed focus on commodities might prefer Earn2Trade.
Ultimately, both firms present opportunities with different advantages, and traders are encouraged to assess their personal preferences in relation to the pros and cons each firm offers.