Earn2Trade Review: this is the name of a Forex education institute that helps train traders. Is earn2trade.com a scam or legit?
This outfit offers online trading education to traders of differing degrees of experience to help improve profit. It is totally in character for Forex educators to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.
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However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.
We found that the institute is run by Ryan Masten and David Lojko. No address is provided but it claims to be based in US. Students are said to be matched with “proprietary trading firms” if they are successful.
Other things offered by this website are listed below:
Quizzes & Assignments
How Earn2trade Works
Since this is a Forex trading institute, it is designed to help traders learn how to improve their strategies. Also to help them make consistent profits. These educators believe that with their help, traders can become professionals.
Like EA Forex Academy we reviewed in the past, this institute also has a 4-member team. One is the main teacher, two are day-traders and the other is a developer. Three packages are offered to clients: Classic, Basic and Gauntlet. The Gauntlet plans are explained below.
The Gauntlet is like an opportunity for experienced traders to earn more. How The Gauntlet works is that a $25,000 SIM account would be created and the traders are given 60 days to trade with it. After this period, they are to submit their results which would be passed to a propriety trading firm.
In effect, if the firm is satisfied with the trading history and strategies used, the trader would be recruited. Thus, the firm will supply them with real funds while they trade with it keeping 80% of the profit as well.
The Gauntlet Mini is almost like the one explained above. But this takes only 15 days during which the trader must play by the rules which includes: not going lower than the daily loss, not exceeding a maximum position size, not going below the trailing max DD, only trading at approved times, and following the progression ladder.
Earn2Trade Pricing Structure
Classic Plan – $299/month
Live Plan – $699/month
Gauntlet Plan – $349/2 months
Clients Feedback on Earn2Trade
We do not find much by way of feedbacks from clients. Although this is still a new development and we will be looking at how traders fair with this trading education academy.
To reach the customer care agent or the educators, clients are to call: +1-888-502-2260 or email: email@example.com
We find the institute transparent and the ideas are innovative as well. That clients will get funds from Earn2trade is good and even better as there are tools provided. However, the prices are high and may not be affordable for many.