Earn2Trade vs Leveled Up Society

Earn2Trade Overview

Earn2Trade is a prop firm that's established a solid reputation since its incorporation in 2016. Regarded for its Funded Trader Program, it targets individuals looking to trade mainly commodities. Participants are obliged to trade with USD or GBP as the account currencies. For those looking to begin their trading journey, funding options are convenient via credit or debit cards, and when it's time to cash out, Earn2Trade processes withdrawals through bank wire transfers. This platform could appeal to traders who prefer simplified and traditional trading scenarios with a focus on commodities.

Leveled Up Society Summary

A newer entrant in the prop trading league, Leveled Up Society, founded in April 2021, has swiftly captured the attention of traders with its high account balance potential of up to $1,000,000. The firm stands out for offering a hefty profit share of 80-90%, distributed every two weeks—an appealing trait for serious traders looking to maximize earnings. The accessibility of holding positions open overnight and during weekends, along with the chance to apply 1:100 leverage, presents a flexible trading environment. In terms of instruments, they offer an impressive range including forex, commodities, crypto, indices, and metals, catering to diverse trading interests. Besides traditional deposit methods, they accept cryptocurrency as well, and provide payouts through Deel, a modern payout platform.

Comparing Pros

Earn2Trade's foremost advantage is its streamlined approach, focusing solely on commodities trading, which might appeal to specialist traders. However, precise details of the benefits it offers are not provided in the supplied context. In contrast, Leveled Up Society's multiple advantages edge out competition with its generous account size, frequent profit payouts, allowance for overnight positions, and scaling capabilities. Their expansive asset classes cater to a broader audience.

Assessing Cons

Unfortunately, the provided context does not include specific cons for Earn2Trade, a necessary component for a fair comparison. On the other hand, Leveled Up Society faces some limitations, such as a trailing drawdown for single-step accounts, a ban on martingale strategies, and restrictions on trading during news releases, which could dampen strategies used by aggressive or news event traders.

Understanding the Rules

Earn2Trade's rules center around its Funded Trader Program, emphasizing a structured pathway for traders to get funding. More details on the specific rules would be beneficial to provide a comprehensive analysis. Leveled Up Society enforces a range of rules, including a Maximum Daily Loss, Minimum Trading Days, and a Profit Target. These are fundamental guardrails for risk management but could be perceived as restrictive compared to competitors.

Transaction Methods

Both Earn2Trade and Leveled Up Society offer credit/debit card options for deposits, while Leveled Up Society also accepts cryptocurrencies, indicating a modern approach to finance. Withdrawal methods are also divergent, with Earn2Trade relying on conventional bank wire transfers as opposed to Leveled Up Society's use of Deel, which may offer more flexibility and speed in payouts.

Available Account Sizes and Currencies

Earn2Trade's approach contrasts with Leveled Up Society's, offering a clear, single $10,000 USD account size and supporting both USD and GBP currencies. This may provide a straightforward path for traders. On the flip side, Leveled Up Society's account sizes are not specified but the option to scale to a staggering $1,000,000 represents an attractive proposition for ambitious traders.

Tradeable Instruments Selection

The scope of tradeable instruments is significantly broader with Leveled Up Society, accommodating commodities, crypto, forex, indices, and metals. This range surpasses Earn2Trade's offer of solely commodities, presenting a more dynamic and versatile trading environment that caters to traders interested in various markets.

Final Critical Perspective

Retail traders and potential users should weigh the structured commodity-centric approach of Earn2Trade against the dynamic and comprehensive offerings of Leveled Up Society. Key deciding factors will likely stem from one's preference for specialization versus variety, aspirations for account scaling, risk tolerance aligned with trading rules, and the importance of modern withdrawal methods. The comprehensive features of Leveled Up Society, combined with its flexibility and modern approach, make it a compelling choice for traders pursuing significant growth and diversity. However, for those more comfortable in a commodity-focused and potentially less complex trading environment, Earn2Trade may present an attractive route. An all-encompassing decision should consider personal trading strategy, comfort with the rules set forth by each firm, and the desired level of capital investment and risk.