The Gauntlet Mini Evaluation
| Prop Firm | Account Size | Max. Position Size | Profit Split | Profit Target | Max. Daily Loss | Trailing Drawdown | Price | Discount |
|---|---|---|---|---|---|---|---|---|
 |
50K | 6 Contracts | 80% | $3,000 | $1,100 | $2,000★ | $170 | No |
|
100K | 12 Contracts | 80% | $6,000 | $2,200 | $3,500★ | $315 | No |
|
150K | 15 Contracts | 80% | $9,000 | $3,300 | $4,500★ | $350 | No |
|
200K | 16 Contracts | 80% | $11,000 | $4,400 | $6,000★ | $550 | No |
Trader Career Path
| Prop Firm | Account Size | Max. Position Size | Profit Split | Profit Target | Daily Loss Limit | Trailing Drawdown | Price | Discount |
|---|---|---|---|---|---|---|---|---|
|
25K | Progression Ladder | 80% | $1,750 | $550 | $1,500★ | $150 | No |
|
50K | Progression Ladder | 80% | $3,000 | $1,100 | $2,000★ | $190 | No |
Notice: The Earn2Trade Trader Career Path uses a progression ladder to determine the number of futures contracts that can be traded. New traders start with two contracts, and the number of tradeable contracts increases with the profits made.
Prop Firm
Name of the prop firm.
Account Size
Buying power of the account. Example: 50K equals $50,000.
Max. Position Size
The maximum position size of futures contracts (e.g., E-Mini S&P 500) allowed in the prop firm account challenge. Example: 5 Contracts = five futures contracts can be held at any given time.
Profit Split
The percentage of profits a trader can withdraw to his bank account. Example: 90% means the trader can withdraw 90% of the profits.
Profit Target
The defined profit target has to be reached to complete the challenge successfully and get funded. Example: A 50K account needs to get up to $52,000 in order to reach the profit target.
Daily Loss Limit
The daily loss limit value, which is based on the balance of the account on the morning of a trading day. Example: If the account balance in the morning is $53,500 and the daily loss limit is $1,000, then the account should stay above $52,500 on that day.
Trailing Drawdown
There are three types of "trailing drawdown" calculation methods:
End-of-day calculation (★): Whenever the account value at the end of a trading day (EOD) was higher than the value ever before in a challenge, the trailing drawdown value increases. Example: You trade a 50K account with an EOD trailing drawdown of $2,000. At the beginning, the drawdown level is at $48,000 ($50,000-$2,000). After successful trading, you end the day with $1,000 in profits. Your account balance should now always stay above $49,000 ($50,000 starting balance + $1,000 profits - $2,000 trailing drawdown).
Real-time intraday calculation (★): Whenever a new account balance high is reached (including unrealized profits), the trailing drawdown level increases. Example: You trade a 50K account with a trailing drawdown live limit of $2,000. At the beginning, the drawdown level is at $48,000 ($50,000-$2,000). You open a position that goes $1,000 into profits intraday (no matter if it is realized or unrealized profit). Now your real-time trailing drawdown moves to $49,000 intraday ($50,000 starting balance + $1,000 profits - $2,000 trailing drawdown).
Note: The drawdown trailing typically ends once the drawdown level reaches the account's initial balance. Example: Initial Balance = $50,000, drawdown amount = $2,000. The trailing of the drawdown amount stops once the account balance reaches $50,000 + $2,000 (EOD or real-time, depending on your prop firm). In some cases, the prop firm adds another $100 to the level. Make sure to check the exact parameters before you start trading.
Static (★): Static Accounts never trail the drawdown value. They remain at the level where you begin. Example: You start at a $100,000 static account with a max loss limit of $625. In the static account, your maximum drawdown level will stay at $99,375 at any given time, independently from your performance.
Profit Split Details of Funded Accounts
Traders can withdraw 80% of the profits made with Earn2Trade funded accounts.
Payout Details and Consistency Rules in Funded Accounts
Payout requests can be made daily, and withdrawals can be processed once a week on Tuesdays. The withdrawal methods available are Bank Wire and Crypto.
If you hold a LiveSim account with a non-professional CME status, a fee of $139 will be deducted from the first withdrawal.
The minimum withdrawal amount is $100. For the first withdrawal, the minimum withdrawal request is $239 ($100 in profits + $139 in the first withdrawal fee). From the second withdrawal on, the minimum withdrawal request is $100, and the prop firm charges $10 for each withdrawal. If you withdraw more than $500, there are no withdrawal fees.
There are no consistency rules for LiveSim and Live accounts (funded accounts).
Example: You trade for 10 days. One day, you make $4,550 in profits, and the other nine days, you make $50 in profits. The total profit is 1*$4,550 + 9*$50 = $5,000. Let’s say you want to withdraw the $5,000 now. In this case, the $5,000 profit day represents 91% of the profits you want to withdraw. With Earn2Trade, you are good to go. The prop firm will deduct 20% of the profit split, and you’ll receive 80% ($4,000).