Earn2Trade-Ryan
Sponsor
Hello Times,
Thank you for your question, it is a good one.
We've not specified the reason because we've honestly believed it to be self explanatory, although perhaps we were mistaken on that account. The ability to hold overnight depends simply on whether the trader holds overnight positions or not. Many overnight traders have been funded through Earn2Trade, but the truth remains that the vast majority of our candidates are intraday traders and the average hold time for our candidates hovers around three hours. Our concept has always been to limit our rules as much as possible to provide a flexible trading experience for the candidate. By that logic, we expect that candidates who don't hold overnight, take an extremely small ratio of overnight trades opposed to intraday trades, or simply not profitable with their overnight trades would not be qualified to hold overnight positions in the live account. The same logic also applies to what assets the candidate is trading. If they only ever traded three assets during the course of their Gauntlet™, they are likely to only be allowed to trade those three contracts, although exceptions have been made in the past. You are right that holding overnight requires the full maintenance margin and that money has to be in the account. Our competitors limit their accounts to intraday trading primarily for that reason, and it's an understandable one. We believe that this is one of our unique services and are proud of how it differentiates us in the market.
Regarding your last question, for competitive reasons we don't want to release much information about our upcoming service although we can say that it will certainly be geared towards intraday traders.
