A Comprehensive Comparison of Two Prominent Proprietary Trading Firms
Proprietary Firms Overview
In this exploration, we delve into the realms of two distinguished proprietary trading firms, Earn2trade and Uprofit, unraveling their intricacies for potential traders.
General Insights
Let’s initiate our journey by examining fundamental details about these firms, such as their inception year, geographical presence, and trading capital allocations.
Earn2trade commenced its venture in 2017, establishing its roots in the serene lands of Sheridan, Wyoming, USA, while Uprofit emerged slightly later in 2019, calling Texas, USA its home base.
When it comes to trading capital, Earn2trade offers a maximum balance of $400,000, whereas Uprofit provides up to $200,000, with an initial profit retention of $8,000.
Instrument Variety
Diving deeper, let’s explore the range of financial instruments these firms support, categorized into CFDs and Futures.
Under the CFDs umbrella, both firms accommodate Forex, Indices, Metals, Commodities, Stocks, and Crypto trading. Moving to the Futures domain, offerings include Equity, Foreign Exchange, Agricultural, Energy, Interest Rate, Metals, and Crypto Futures.
Funding Programs
The pathway to obtaining a funded trading account varies between these firms, with distinct program structures.
Earn2trade presents options like the One-Step Evaluation and Instant Funding, while Uprofit offers the Two-Step Evaluation alongside Instant Funding.
Instant Funding Criteria
Instant funding programs streamline the process of acquiring a funded account, sans any rigorous evaluations.
Parameters such as Profit Target, Max Daily Loss, Drawdown Limits, and Trading Duration are pivotal considerations for both Earn2trade and Uprofit.
Program Evaluation
One-Step and Two-Step programs entail distinct evaluation criteria, each with its set of challenges and prerequisites.
Earn2trade‘s One-Step options, namely Trader career path and Gauntlet mini, differ from Uprofit‘s offering, providing unique profit targets, loss thresholds, and trading durations.
Trustpilot Ratings
For insights into customer satisfaction, we turn to Trustpilot, a reputable platform for user reviews.
Both Earn2trade and Uprofit boast commendable ratings, with Earn2trade securing a 4.7/5.0 rating from 1,290 reviews, while Uprofit stands strong with a similar rating from 5,617 reviews.
Perks and Freebies
Exploring additional benefits, let’s unravel the complimentary offerings from these firms, including trial periods, repeat opportunities, and account resets.
Earn2trade and Uprofit both extend generous free trials, repeats, and resets to aid traders in their journey.
Trading Styles and Hours
Understanding the compatibility with diverse trading styles and timings is crucial for traders.
Both firms accommodate a range of trading styles, including scalping, day trading, swing trading, copy trading, news trading, and algorithmic trading. Regarding trading hours, policies on overnight and weekend positions vary.
Supported Platforms
Traders often prefer familiar trading platforms. Let’s explore the array of platforms supported by Earn2trade and Uprofit.
From popular choices like MT4 and MT5 to proprietary platforms and a plethora of web-based options, both firms offer a comprehensive selection catering to diverse preferences.
Leverage and Payments
Leverage and payment options are pivotal factors influencing trading decisions.
Comparing the leverage ratios and payment methods reveals nuanced differences between Earn2trade and Uprofit, affecting traders’ operational flexibility and financial transactions.
Additional Resources
For further exploration and comparison, utilize resources like prop firm comparison tools and curated lists of top proprietary trading firms.
Delve into the intricacies of prop trading to make informed decisions and embark on a successful trading journey.
