At this time, the pros and cons for Earn2Trade have not been furnished, thus limiting the depth of comparison to Goat Funded Trader. That said, it's important to note that Earn2Trade, established in 2016, is a well-recognized firm within the industry. This tenure in the market could suggest an established reputation and possibly a more proven infrastructure for supporting traders.
Conversely, Goat Funded Trader looks like the new kid on the block, incorporated in May 2023. While this could raise concerns about its track record, it certainly comes in strong with compelling offerings such as hefty capital allocation of up to $800,000 and a generous profit share ranging between 75% to 95%. The flexible leverage options up to 1:100, along with a vast array of tradeable instruments that include commodities, cryptocurrencies, forex, indices, metals, and stocks, make it an attractive option for traders looking for diversity in their trading strategies.
Each firm has its own set of rules that traders must adhere to in their funded trader programs. Earn2Trade has not provided details beyond the mention of a Funded Trader Program. Goat Funded Trader imposes a series of parameters like maximum daily loss, maximum loss, profit targets, and restrictions on third-party copy trading and EA risks. These stipulations are designed to mitigate risk for both the trader and the firm. Notably, Goat Funded Trader also allows for news trading and provides a flexible evaluation period for traders to qualify for their program.
Both firms accept credit/debit cards for deposit methods, but Goat Funded Trader extends its payment options to include cryptocurrencies, which could be an advantage for traders who prefer digital currencies. For withdrawals, Earn2Trade offers bank wire transfers, which is a standard in the industry. Goat Funded Trader, opting for modern payment solutions, uses Deel—a global payroll and compliance service.
Earn2Trade offers a standard $10,000 trading account, trading primarily commodities, while Goat Funded Trader provides flexibility not only in account sizes but also in the variety of instruments available. This could be especially advantageous for traders looking to diversify their portfolio or utilize a multi-asset trading strategy. Additionally, Earn2Trade allows for trading in USD and GBP, which may appeal to traders operating with British currency. Goat Funded Trader, however, limits its account currency to USD, which might restrict certain traders but simplifies the process for those trading largely in USD.
For retail traders and potential users, both firms present a different set of advantages that will align variably with individual trading strategies and preferences. Earn2Trade, being more established, might provide a sense of stability and reputation for those wary of newer entities, while Goat Funded Trader sharpens the edge with its versatile offerings and modern approach. Importantly, users should take into account factors such as company longevity, community feedback, and scaling plans when making their choice.
Ultimately, the decision will come down to what fits best with a trader's specific goals and how comfortable they feel with the firm's structure, support, and longevity in the industry. Traders should perform thorough due diligence, seeking out additional community feedback, and understanding the detailed nuances of each firm's rules and offerings before committing to a prop trading partnership.