Earn 2 Trade the gauntlet

[DevBru]

There is no contract signed upon taking up the Gauntlet, therefore one day this Wyoming-registered LLC company behind it could just close down, website stop working, emails stop being replied to and people who signed up for it would be left with nothing but false promises.

As a not-naïve adult I want to know more before deciding to go ahead. I have serious doubts about the capital for traders being real, especially with the Gauntlet Mini. I just do not believe they give someone $150,000 to trade with - therefore I was asking for statements showing this.

I sent an email to Helios Trading Partners and we'll see what their reply will be.

Of course you do not get $150,000 to trade with, the $150K account has a drawdown limit of $4,500 so that i what you get. Not sure about how the E2T/Helios funded structure works but with other funding companies your trades get linked to the funded partners live account so you get nothing at all, after you reached the $4,500 you broke the rule and your contract will be terminated.

I do assume there is some kind of contract to sign before you can trade for the live account.

 

[bpj]

By the way, both Earn2Trade, LLC and Helios Trading Partners, LLC failed to pay a $50.00 "tax" (or rather a license fee) to the Wyoming Secretary of State. I hope it is only by negligence and does not imply the companies are going out of business?

 

[Earn2Trade-Ryan]

By the way, Earn2Trade, LLC failed to pay a $50.00 "tax" (or rather a license fee) to the Wyoming Secretary of State. I hope it is only by negligence and does not imply the company is going out of business?

This was very recent (early this month). We just got the notice Wednesday. Our CPA handles all communication with the state somehow our annual report didn't get sent. It should be resolved by the end of next week and is absolutely in no way any indication of us going out of business.

 

[bpj]

That is fantastic. Ryan, please do not get me wrong. I appreciate what you do and the effort you put into creating this opportunity for prospective traders. It is just that both my age and life experience gave me a hard lesson and made me a "cynical bastard" that doubts everything that seems too good to be true. It may also be called "due diligence". I wish you were registered with some regulatory authority, like NFA, or at least apply for a LEI like Patak Trading Partners, LLC (unless you do not trade on EU exchanges). That would be a convincing point.

 

[Earn2Trade-Ryan]

That is fantastic. Ryan, please do not get me wrong. I appreciate what you do and the effort you put into creating this opportunity for prospective traders. It is just that both my age and life experience gave me a hard lesson and made me a "cynical bastard" that doubts everything that seems too good to be true. It may also be called "due diligence". I wish you were registered with some regulatory authority, like NFA, or at least apply for a LEI like Patak Trading Partners, LLC (unless you do not trade on EU exchanges). That would be a convincing point.

We do not offer trading on EU exchanges at this time. CME only. I am personally registered with the NFA, which is why I take everything my companies like E2T do very, very seriously as I do not want to jeopardize my registration in any way. Unfortunately there is not a regulation for testing companies like E2T (yet) although I hope one day there will be. That said, how some in the industry have the funded side set up does present regulatory issues for traders. Helios has gone to great lengths to make sure their set up is OK traders.

 

[bpj]

FYI, I confirm I have received a sample of a trader contract with Helios. Also, a trader can get a statement from the FCM if they want to. Top class - it looks very good.

 

[SamB123]

We do not offer trading on EU exchanges at this time. CME only. I am personally registered with the NFA, which is why I take everything my companies like E2T do very, very seriously as I do not want to jeopardize my registration in any way. Unfortunately there is not a regulation for testing companies like E2T (yet) although I hope one day there will be. That said, how some in the industry have the funded side set up does present regulatory issues for traders. Helios has gone to great lengths to make sure their set up is OK traders.

Ryan,
I'm a new member here and I'm looking into the Gauntlet mini. One of its rules is to close all contracts by 15:10 CST. Can new positions be opened in the evening session after the reopen at 5pm CST?
Another question regarding the daily loss limit of $550, Is that for the end of day or is it dynamic? If I hit the $550 loss limit during the day but I recover later in the day, have I broken the rule? If a position goes against me and I go below the $550 limit, but the position reverses and I close it with a profit, have I broken the rule?

 

[Earn2Trade-Ryan]

Ryan,
I'm a new member here and I'm looking into the Gauntlet mini. One of its rules is to close all contracts by 15:10 CST. Can new positions be opened in the evening session after the reopen at 5pm CST?
Another question regarding the daily loss limit of $550, Is that for the end of day or is it dynamic? If I hit the $550 loss limit during the day but I recover later in the day, have I broken the rule? If a position goes against me and I go below the $550 limit, but the position reverses and I close it with a profit, have I broken the rule?

Hello! Absolutely! You can open positions back at 5pm CST.

Regarding the daily loss limit, you break the rule if at any time the PNL falls below the daily loss limit (open/closed).

 

[bpj]

Can you hold a position overnight in the Gauntlet (the 60-day version)? If so, why does the offer that a trader receives after completing the Gauntlet state "no overnight allowed" (based on the example on your website)?

 

[Earn2Trade-Ryan]

Can you hold a position overnight in the Gauntlet (the 60-day version)? If so, why does the offer that a trader receives after completing the Gauntlet state "no overnight allowed" (based on the example on your website)?

Yes you can. Helios will determine based on your trading stats if Overnight trading is beneficial to your trading. For instance, if the offer says no, it's likely that their overnight trading only ended in losers.