Earn 2 Trade the gauntlet

So all these other firms are operating incorrectly and traders there may have the tax man at their front door?

ES

Earn2Trade-Ryan said:
Earn2Trade and Helios have gone to great lengths with our legal counsel as well as MANY discussions with the regulatory authorities as to what is required. I don't have all of the legal details but from my understanding from my own discussions with the NFA, if you're trading a clients money (which if you're a contractor to them, they are your client), you have regulatory responsibilities with the NFA/CFTC.

The way Helios is structured, you are actually a limited owner, which means you are trading your own firm money, not a clients. I am sure there are similar registration requirements to manage a clients money in other countries as well.
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ElectricSavant said:
So all these other firms are operating incorrectly and traders there may have the tax man at their front door?

ES
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I'm not talking about tax issues...
 
Hello Ryan

Question regarding the mini gauntlet...I see it says "complete the examination in as little as 15 days, or take as long as you need"...that implies if a trader has signed up for the 25k account with a target of $1750 and only earns, say, $1200 during that time, they can pay another $150 and continue the examination with their $1200 profit still intact heading towards the goal of $1750...(not breaking any of the rules, of course)...just wanted to make sure this is the case.
 
Lniner said:
Hello Ryan

Question regarding the mini gauntlet...I see it says "complete the examination in as little as 15 days, or take as long as you need"...that implies if a trader has signed up for the 25k account with a target of $1750 and only earns, say, $1200 during that time, they can pay another $150 and continue the examination with their $1200 profit still intact heading towards the goal of $1750...(not breaking any of the rules, of course)...just wanted to make sure this is the case.
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Yes, if you renew your monthly subscription, your current progress is left untouched. The only time your day count / pnl resets is if you actually reset the Gauntlet™.
 
does anyone know what account scale there is for the mini . mean based on DD how much of an account do you get ? the regular Gauntlet now spells this out.
 
GuyCL said:
does anyone know what account scale there is for the mini . mean based on DD how much of an account do you get ? the regular Gauntlet now spells this out.
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You get an offer for the same account size / rules as the mini you passed.
 
A question on the professional data fees once you are trading as a professional with Helios.

1. Do you need to inform your personal brokers(stocks, futures) that you're now a professional and might be required to pay professional data rates at these brokerages?

2. If you don't inform the brokers, is there a mechanism by which they will eventually learn of your professional status(via signing exchange agreements with Helios) prompting a shift to professional rates then.

3. If no such mechanism exists, can you just carry on paying the non-professional rates at your personal brokerages.

The potential of having to pay professional data fees at other personal broker accounts kinda has me hesitant to go with the Gauntlet.
 
Curious, do you pay commissions or just exchange fees when trading? How much if you are paying commissions on top of fees? Also are you paying member exchange fees on trades or retail exchange fees?
Thanks
 
If anyone hesitates between TopstepTrader and Earn2Trade's Gauntlet, then I would like to provide yet another reason to go with Earn2Trade without any doubt.

When I asked TST support for evidence of payments made to traders and a copy of the trading agreement, they referred me to the traders themselves on their FB group and refused to reveal the trading agreement because it is a legal document. If they are not transparent in this regard, then why do business with them?

Meanwhile, Earn2Trade had no problems providing a copy of the trading agreement - honest and transparent. I hope more people will go with them and they will steal TST market share. Best traders join Earn2Trade and leave TST for losers!
 
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