There are many of you who are asking me about the financing process with Earn2trade.
As you already know, in trading you have to prove to be profitable with proper risk management.
The companies that finance trader want you to be profitable and the best way to prove it is by passing the evaluations.
Financing process with Earn2trade
Once you have reached the minimum objective of days and operations and when you have reached your profit target, you have to contact Earn2trade.
Data exceeded in Rithmic
Remember that after giving you the validation they will observe your results in Rithmic. Once they verify that you have completed the evaluation process, you will receive an email with a certificate that reflects that you have passed the evaluation test with the account size and the date on which you passed it.
Can the Earn2trade evaluation be put to a particular name or to the name of a company?
Without any problem! Everything will depend after how you want to pay taxes, for this, you can read the post on “trading taxation” where we talk about how to pay taxes depending on whether you have a financed account or your own account.
Cancel your monthly trial subscription
Something very important that you have to take into account in this email where the certificate is attached is that Earn2trade explains to you that it is the moment in which you can cancel your evaluation. Don’t do it until they tell you to. After you have an ok, you go to your personal area and click cancel the evaluation so that you are not charged the monthly subscription.
In addition, in this email you will be informed that the company dedicated to financing traders who pass the evaluation with Earn2trade, this company is called HELIOS, will contact you soon.
Fill in the Helios offer and the online form
On the same day, you receive an email from Helios where they attach a .pdf with an offer of the same conditions of the financed account that you have passed.
In this file they also explain that you have to continue to respect the approved times and that you have to continue to carry that scale of contract numbers that you can continue to use.
In the online form there is a section that talks about taxes. The first section is for the United States and the second for residents outside the country. Choosing this second option you just have to fill in the fields:
- Name and surname
- The postal address
- The city, province, postal code and country.
- The date of birth (point number 8)
- Sign the document
The next document it asks for is proof of identity and address. You can attach a photo of the driver’s license and an invoice from where you live. The important thing is that both data match. Finally, you also have to attach that offer that you received in the email.
Finally, they will send you an email with your username and password for Helios and you can start operating.
What financing conditions do you have with Earn2trade?
It has the same conditions that you had during the evaluation with Earn2trade but you have some associated advantages. You do not have the rule of 30% maximum per day and also, Helios only allows you to trade micro-futures or futures. You can change it at any time, you just have to talk to Helios and they will change it for you. Until when? until the Trailing Drawdown reaches the starting capital.
What happens when the trailing drawdown reaches the initial capital?
At this time they allow you to trade futures and micro-futures and also the maximum daily loss rule disappears. Because it is important? Because if we can manage to operate with up to 6 contracts, if the maximum loss is $1,100, there is no room for maneuver.
This allows us to start slowly, little by little, with common sense and to be able to go up until the moment where the account is bigger.
When can the money be withdrawn?
You can make withdrawals from 100 dollars at any time and from 500 dollars of withdrawal they do not charge transfer commission. You can withdraw and they will make those transfers every Tuesday.
I hope you liked this video. You already know what the process is like, what conditions it has and the papers you have to send and once you are financed the conditions you have to respect.
If you are starting to invest in the stock market but you are not yet profitable enough to have a funded account start by doing the free trading course Settle the basic concepts and start being profitable from scratch. It will help you throughout the process so that you begin to have financial freedom.