Earn2Trade vs Funded Trading Plus

Earn2Trade Overview

Earn2Trade is a prop trading firm established in 2016 that specializes in commodities trading. The firm offers traders an opportunity to join their Funded Trader Program, under which, upon successful completion of the evaluation process, traders are granted access to a funded trading account. The firm operates through well-established funding protocols to ensure that traders who make the cut are responsible and skilled.

Funded Trading Plus Overview

Funded Trading Plus, launched in November 2021, enters the scene with a broader array of trading instruments, including forex, commodities, indices, metals, and cryptocurrencies. Boasting four different funding programs with capital allocations that can extend up to $2,500,000, this firm sets itself apart by offering aggressive growth potential for its traders. The company's Trustpilot score of 4.9/5 underlines a strong reputation for quality service and trader satisfaction.

Account Options and Trading Instruments

When comparing Earn2Trade and Funded Trading Plus, it is apparent that the latter offers a more expansive selection of the tradeable instruments. While Earn2Trade focuses on commodities alone, Funded Trading Plus caters to a more diversified portfolio, including crypto, forex, and indices—options that cater to a wider breadth of trading styles and preferences.

Capital Growth and Profit Splits

Funded Trading Plus holds an attractive draw for traders who are looking to scale their careers with up to 90% profit splits, which is on the higher end compared to industry standards. This presents a substantial incentive for high performers. Earn2Trade's profit split and growth opportunities are not stipulated here and would need further analysis to benchmark its competitiveness.

Funding Rules and Flexibility

In terms of trading flexibility, Funded Trading Plus allows for overnight and news trading and imposes no trading day restrictions. This provides traders with the ability to take advantage of a 24/5 market on their terms. Conversely, while Earn2Trade's rules are not detailed here, they are known for their 'Funded Trader Program’ which includes a set structure and guidelines designed to support responsible trading.

Deposits and Withdrawals

On the administrative side, both firms accept credit and debit cards. However, Funded Trading Plus further accommodates its international clientele with deposits in cryptocurrencies, adding a layer of convenience. For withdrawals, Earn2Trade conducts transfers via bank wire, emphasizing security and traditional banking, while Funded Trading Plus again scores on flexibility by using crypto and Deel—a modern platform for global payments.

Trading Support and Education

Although not specified for Earn2Trade, Funded Trading Plus is praised for its excellent support system. Accessibility to assistance is crucial for traders, and Funded Trading Plus seems to take this seriously. Additionally, the firm's high Trustpilot rating hints towards a solid foundation of user satisfaction in communications and support.

Leverage and Costs

Cost remains an essential factor for retail traders where Funded Trading Plus offers up to 1:30 leverage. However, it's also noted for high commission costs on forex pairs, which could eat into a trader's profits if not carefully managed. Traders need to weigh the potential for higher leverage against the greater cost per trade.

Conclusion and Critical Perspective

In the comparative review of Earn2Trade vs. Funded Trading Plus, it’s clear that the latter offers a diverse range of instruments and trading conditions that might appeal to the modern trader seeking versatility and growth opportunities. That said, Earn2Trade's targeted commodities trading could still be attractive to specialists in that field. While Funded Trading Plus offers a more liberal trading environment and potentially higher capital growth, it comes with its own set of rigorous rules including a Maximum Daily Loss and Trailing Drawdown, which require strict risk management adherence. The final decision for a retail trader choosing between these two firms should come down to personal trading style, instrument preferences, cost considerations, and the level of support they expect from their prop firm.