- Trader Career Path (TCP)
- Methodical Progression
- Well-Structured Program
- Clear Profit Targets
- Drawdown Limit Adjustments
- Lucrative Live Account Opportunity
Nations Trading
- Evaluation accounts up to $250,000
- Funding up to $1,000,000 per account
- Comprehensive trading instruments availability
- Permission for overnight and weekend position holding
- News trading is permissible
- Generous 80% profit sharing
Cons โ
Earn2Trade
- Minimum Trading Days
- Daily Loss Limit
- Requires Discipline
Nations Trading
- Insufficient community feedback
- Robot-assisted live chat
- Absence of a free trial
Rules ๐
Earn2Trade
Funded Trader Program
Nations Trading
Maximum Daily Loss, Maximum Loss, Maximum Trading Days, Minimum Trading Days, No Copy Trading Allowed, No EAs Allowed, Profit Target
Earn2Trade is a prop trading firm that has been making a name for itself since its incorporation in 2016. It presents traders with the opportunity to get funded by participating in their Funded Trader Program. Once you successfully pass the evaluation, you can trade with a firm-funded account while adhering to certain rules. The account sizes start at a $10,000 USD threshold, which can be a comfortable starting point for many retail traders.
A notable benefit of Earn2Trade is the variety of deposit methods it accepts, including credit/debit cards, which are widely used by traders across the globe. Withdrawals are processed via bank wire transfers, ensuring a reliable albeit somewhat traditional means of fund transfer. Its tradeable instruments are limited to commodities which might be seen as a limitation for traders looking to diversify across different market sectors. Nevertheless, commodities are a staple for many traders, and focusing on them exclusively could be considered an advantage in terms of specialized expertise.
Nations Trading Overview
Nations Trading, despite being a relatively new player in the market with its incorporation in June 2022, extends some compelling features that set it apart. They offer evaluation accounts up to a staggering $250,000 with the potential for funding up to $1,000,000 per account. This alone can be quite attractive for serious traders looking to manage substantial capital.
Furthermore, Nations Trading provides a wide array of trading instruments, including commodities, crypto, forex, indices, metals, and stocks. This level of diversity allows traders to spread their risks and take advantage of a multitude of markets. The firm also permits overnight and weekend position holding and is friendly towards news trading, thus offering more flexibility in trading styles and strategies.
Profit sharing is generous, with the firm offering traders an 80% cut of the profits they generate. This, combined with the flexible trading conditions provided, makes Nations Trading an appealing choice for traders aiming to maximize their earning potential.
Payment Methods
Both Earn2Trade and Nations Trading support credit and debit card payments, ensuring ease of access for the majority of their users. Additionally, Nations Trading accepts crypto deposits, which can be beneficial for the increasing number of traders who prefer to transact in digital currencies. When it comes to withdrawals, it's important to note the difference in the methods; Earn2Trade offers bank wire transfers, which, while traditional, might be seen as more stable and secure for some. Nations Trading, on the other hand, sticks with crypto for withdrawals, which might suit traders looking for potentially faster and more private transactions.
Trading Rules and Guidelines
The rules surrounding trading are crucial for potential users when comparing prop firms. Earn2Trade's Funded Trader Program comes with its set of guidelines, which are vital for maintaining the integrity of the account and aligning with the firm's risk management policies. Nations Trading enforces a more extensive rule set, including a maximum daily loss limit, an overall maximum loss threshold, and bounds on maximum and minimum trading days. These rules suggest that Nations Trading places significant emphasis on managing risk and ensuring that trading practices fall within defined parameters.
Community Presence and Support
Community feedback and support are oftentimes indicative of a prop firm's reputation and reliability. While Earn2Trade has been around for several years, allowing it to establish a presence and gather feedback from a community of traders, Nations Trading's recent inception means it may not have a significant track record or ample user reviews to back its services. Although Nations Trading provides live chat support, the automation behind it might not satisfy users looking for personalized assistance.
Conclusion
In conclusion, both Earn2Trade and Nations Trading propose distinct advantages that cater to different trader needs and preferences. Earn2Trade is a seasoned firm with specific withdrawal methods and a narrowed focus on commodities, while Nations Trading impresses with high account funding potential, a wide range of instruments, and preferable profit sharing terms. However, Nations Trading's lack of extensive community feedback and the absence of a free trial may deter some potential users. Traders would be well-advised to consider their trading style, instrument preference, payment method convenience, and the importance of community-backed credibility when choosing the prop firm that best suits their needs.