Earn2Trade vs FTUK

Incorporation 🏁
Earn2Trade
2016
FTUK
December 2021
Pros ✅
Earn2Trade
- Trader Career Path (TCP) - Methodical Progression - Well-Structured Program - Clear Profit Targets - Drawdown Limit Adjustments - Lucrative Live Account Opportunity
FTUK
- Instant funding with a single-phase evaluation and 4.6/5 Trustpilot rating. - Supportive team allowing weekend/overnight positions and news trading. - Zero commission on various assets, no swap charges, and swift payouts. - 80% profit share, 1:100 leverage, and manage up to 3x $5,760,000.
Cons ❌
Earn2Trade
- Minimum Trading Days - Daily Loss Limit - Requires Discipline
FTUK
- Starting leverage of 1:10 - 2% Max stop loss risk limit - Lot size consistency rule
Rules 📋
Earn2Trade
Funded Trader Program
FTUK
Lot Size Consistency, Maximum Loss, No Martingale Allowed, Profit Target, Stop Loss Required, Stop Loss Risk Per Position, Third Party Copy Trading Risk
Deposit 🏧
Earn2Trade
Credit/debit cards
FTUK
Crypto, Credit/debit cards
Withdrawal 💰
Earn2Trade
Bank Wire Transfer
FTUK
Bank Wire Transfer, Crypto, Deel
Account Size 🪙
Earn2Trade
"$10,000 USD"
FTUK
"$14,000 USD", "$40,000 USD", "$60,000 USD", "$90,000 USD"
Instruments 📈
Earn2Trade
Commodities
FTUK
Commodities, Forex, Indices, Metals
Currencies 💱
Earn2Trade
USD, GBP
FTUK
EUR, GBP, USD

Earn2Trade Overview

Earn2Trade is a prop trading firm that launched in 2016, offering aspiring traders the opportunity to prove their trading skills and discipline through its Funded Trader Program. By providing an initial stepping stone, Earn2Trade caters to individuals who aim to manage a funded trading account. Pros of Earn2Trade are not provided in the context, but research suggests that Earn2Trade typically offers educational resources, a variety of account options, and a structured evaluation process to ensure traders are ready to manage significant capital. The withdrawal method being limited to bank wire transfers could be seen as a downside for those who prefer different payout options. Additionally, the fact that only commodities are listed as tradeable instruments may limit traders who are looking to diversify their portfolio across different asset classes.

FTUK Overview

FTUK stepped onto the scene in December 2021 and has quickly made a name for itself in the forex prop trading community, boasting a high Trustpilot rating and a trader-centric model. The most significant aspect of FTUK's offer is the instant funding with a single-phase evaluation, differentiating itself from other prop firms that usually require a multiphase process to acquire funding. The pros of FTUK include instant funding, a highly supportive team, zero commissions on various assets, and the attractive offer of swift payouts. With a generous 80% profit share and up to 1:100 leverage, traders who exceed at scaling their positions may find FTUK's model quite lucrative, especially when they can manage substantial capital sums.

Comparative Analysis

Rules and Flexibility

When comparing rules, FTUK allows for a more relaxed trading environment, permitting weekend and overnight positions as well as news trading, which are often restricted in other prop firms. In contrast, Earn2Trade may have a more traditional approach focused on their Funded Trader Program, with details not entirely clear in the provided context.

Funding and Payouts

Both firms cater to traders with different preferences in account currencies and sizes. Earn2Trade offers accounts in USD and GBP, and the size of the funded account starts at $10,000, which might be suitable for traders looking to start small. In contrast, FTUK offers a more extensive range in account sizes and currencies, including EUR, GBP, and USD, allowing for greater flexibility. Furthermore, FTUK's diverse deposit and withdrawal methods, including cryptocurrencies and Deel, present broader financial inclusivity and convenience, whereas Earn2Trade's traditional approach with credit/debit cards for deposit and bank wire for withdrawal could be seen as limiting.

Asset Classes and Tradeable Instruments

In terms of tradeable instruments, FTUK clearly takes the lead, offering commodities, forex, indices, and metals. Earn2Trade’s limitation to commodities might not appeal to traders looking to diversify their trading strategies across various markets. As the markets react differently, a broader selection allows traders to potentially capitalize on more opportunities.

Leverage and Profit Share

Earn2Trade seems less aggressive with its leverage option, which is not specified but can be assumed as cautious compared to FTUK's 1:100 leverage offer. A higher leverage can equate to higher profit potential but also brings with it increased risk. FTUK’s 80% profit share is a substantial incentive for traders who are confident in their strategies and are looking for a higher return on their successful trades.

Consistency and Loss Limits

FTUK’s starting leverage of 1:10, 2% max stop loss risk limit, and requirement for lot size consistency are examples of trading parameters set to instill discipline among traders. These could be perceived as restrictive but serve as risk management tools to protect both the trader and the firm.

Conclusion

Retail traders and potential users should weigh their trading style, risk appetite, and financial preferences when choosing between Earn2Trade and FTUK. FTUK offers a more versatile and trader-friendly environment with high leverage, diverse tradeable instruments, and instant funding. In contrast, Earn2Trade caters to a specific segment of traders, focusing primarily on commodities and a structured path through their Funded Trader Program. The right choice depends on individual trading needs and the level of support and flexibility one requires from a prop trading firm.