Earn2Trade VS OneUp Trader

Earn2Trade VS OneUp Trader

Overview

This article compares Earn2Trade and OneUp Trader, two of the prop trading industry’s major firms.  Both platforms allow potential traders to demonstrate their skills and qualify for funded trading accounts, but each has different criteria and accommodates different degrees of expertise. We’ll examine the key differences between the two and what to consider when determining which firm will work better for you.

Earn2Trade, based in the US, has over seven years of experience in the prop trading sector, led by CEO Osvaldo Guimarãe. The firm offers access to a variety of platforms, including NinjaTrader, Overcharts, Trader Pro, and Finamark, to accommodate a wide range of trading strategies. Its relationships with brokerages such as EdgeClear, Advantage Futures and Phillip Capital are evidence of the firm’s commitment to providing their traders with the best possible trading infrastructure.

Earn2Trade’smallest account provides you with $25,000 in capital and the largest $200,000 – in other words, they cater to a variety of different traders, from the fairly risk-averse through to more uncompromising traders with a significant amount of experience. The simplified evaluation only has one phase, making it particularly attractive to traders who want to receive funding quickly. Profit targets increase with account size (starting at $1,750 and reaching $11,000) as do maximum total drawdowns (starting at $1,500 and reaching $6,000).

The firm caters specifically to futures traders, offering access to all of the CME Group’s assets, including CME, CBOT, NYMEX, and COMEX. This focus solely on futures trading is proof of their commitment to providing a high quality offering, with the addition of Micros simplifying matters for those traders who prefer lower contract sizes.

 

OneUp Trader, a prop trading firm situated in Wilmington, Delaware, recognises competent traders and enables them to access funds for trading through an evaluation process. Those that succeed will be able to trade with capital of between $25,000 and $250,000, with monthly fees varying by plan – but no initial expenditure required.

The structure of OneUp Trader’s evaluation process is fairly simple: they just require traders to achieve a specified profit target. Having done so, you get to keep 100% of the first $10,000 generated in profits, following which you’ll benefit from a 90/10 profit split. Withdrawals can be made straight away, and there are no extra feeds charged, though they are subject to a $1,000 minimum requirement. Drawdown restrictions are implemented on a daily and trailing basis, not with an overall cap.

OneUp Trader supports 15 different trading platforms and provides lots of help for you to improve your trading skills. A range of useful performance analytics can be found on your trading dashboard, and there’s a generous two-strike policy for account violations, as well a substantial referral program.

Screenshot 168 Earn2Trade VS OneUp Trader
Screenshot 169 Earn2Trade VS OneUp Trader
Earn2Trade is better for: OneUp Trader is better for:
Traders who want to choose between a number of different challenges. Traders who want to access funding fast.
Traders with more experience who want autonomy in how they trade. Those seeking a variety of account sizes.
Traders valuing the ability to exchange ideas with peers. Traders who don’t want to pay data fees.
Traders who’ll appreciate the firm’s different approach to profit sharing. Traders valuing a supportive trading community.

Key Features OneUp Trader and Earn2Trade

Both Earn2Trade and OneUp Trader offer access to funding to traders who can meet their trading requirements, but they don’t offer all the same features and rules. The table below sets out the differences and similarities between the two firms.

Feature OneUp Trader Earn2Trade
Challenge Types 1-Step Evaluation 1-Step Evaluation
Challenge Account Sizes $25,000, $50,000, $100,000, $250,000 "Trader Career Path" (TC) Program with two entry points $50,000 to $200,000 for Gauntlet Mini, $25,000 to 200,000 TC25 & $50,000 to $400,000 TC50
Profit Target $1,500 to $15,000 $1,750 up to $11,000
Challenge Cost $125 - $650/month $150 - $550/month
Minimum Trading Days 15 days 15 days
Payout Split 90/10 (trader/firm) Keep 100% on first $10,000 profits 80/20 (trader/firm)
Maximum Trading Days 15 days 15 days

Additional Points:

OneUp Trader: The firm lets you reset your balance as often as you want. If you opt for the Trader Express Account, you’ll be able to qualify for funding in just five trading days. This is ideal for traders with a reasonable amount of experience who don’t need to go through a lengthy evaluation process in order to prove their abilities.

Earn2Trade: Those who successfully complete the Trader Career Path evaluation will benefit from a scaling plan that enables them to trade incrementally larger sums of capital, depending on how they perform. There are two levels: the TCP25 ($25,000 in starting capital that can scale up $200,000) and the TCP50 ($50,000 in starting capital that can scale up to $400,000).

Earn2Trade’s scaling approach automatically gives more funds to traders who meet predefined profit objectives and withdraw their profits.  Do bear in mind that while lots of firms offer scaling plans, the specifics are important: they will all differ, and it’s critical to choose one that matches your chosen trading techniques and objectives.

Deeper Dive into OneUp Trader vs. Earn2Trade

Next up, we look at all the details of how the two firms operate.

Rule Category OneUp Trader Earn2Trade
Allowed Instruments Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy Futures, Interest Rate Futures, Metals Futures. Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy Futures, Interest Rate Futures, Metals Futures.
Scalping Allowed Allowed
Day Trading Allowed Allowed
Swing Trading Allowed Allowed
Holding Positions Overnight Not Allowed Not Allowed
Holding Positions Over Weekends Not Allowed Not Allowed
News Trading Allowed Allowed

Max Daily Loss:

  • OneUp Trader:There’s no daily loss limit for either evaluation or funded accounts.
  • Earn2Trade: The trailing drawdown rule is a risk management strategy used by the firm that aims to protect trading accounts from significant losses by setting a maximum acceptable decrease in the account’s value from its peak. Every program and account size has its own trailing drawdown threshold. Daily profit and loss are calculated using both realised and unrealised trades, including commissions, and are continually monitored. If your cumulative daily P&L reaches or exceeds the negative trailing drawdown limit, it’s considered a rule violation.

Withdrawal:

  • Earn2Trade: For both Live and LiveSim® accounts, withdrawals are processed every Tuesday, and must be received by the firm by 2pm on the Friday before in order to be processed the following Tuesday. There’s a minimum withdrawal requirement of $100.

Non-professional LiveSim® traders are required to pay a one-time activation fee of $139 per account, which includes access to all four CME exchanges. Professional traders, on the other hand, incur a monthly fee of $130 per exchange, which is paid by the trader rather than Earn2Trade.

Withdrawals can be made through wire transfer or cryptocurrency and are facilitated by Rise, an international contract and payment management platform. Rise charges a $10 fee for withdrawals up to $500 (and no fee for withdrawals above this).

  • OneUp Trader: Once you’ve qualified for funding, you can withdraw an unlimited amount, with requests processed on the same day. However, there is a minimum withdrawal requirement of $1,000.

Leverage:

Leverage Futures OneUp Trader Earn2Trade
Futures 1:1 1:1

Additional Points:

  • Earn2Trade: The Trader Career Path® and Gauntlet Mini™ evaluations implement an end-of-day drawdown rule to monitor the minimum allowable balance of funded accounts, which adjusts based on daily closing profits or losses from completed trades, with realised profits increasing the minimum account balance at the end of each trading day. The evaluation programs have seven rules:
  1. Drawdown regulations: End-of-day drawdown is calculated using closed positions to determine the minimum allowable balance; trailing drawdown includes both open and closed positions in live accounts; and for particular funded accounts a fixed drawdown establishes a consistent minimum balance.
  2. Daily loss limit: Includes both open and closed trades, calculated from 5.00pm to 5.00pm (CT) the next day.
  3. Minimum trading day requirement: 15 days.
  4. Trading hours: When the exchange opens – normally from 5.00pm to 3.50pm (CT) the following day.
  5. Consistency rule: No single trading day should be more than 30% of total profit and loss during the evaluation period.
  6. Progression ladder: This limits the number of contracts according to account size and profit. If you exceed this limit, you’ll fail your evaluation.
  7. Tradeable assets: All CME (CME, CBOT, NYMEX, COMEX) futures assets, including Micros.

Earn2Trade vs. OneUp Trader: Pros and Cons

OneUp Trader:

Pros

Cons

Earn2Trade:

Pros

Cons

Conclusion

Both Earn2Trade and OneUp Trader offer pathways for aspiring traders to demonstrate their trading skills and qualify for funding. Both operate on a subscription basis, with discounts available for longer commitments, yet they differ fundamentally in their operational approaches.

Whereas OneUp Trader only has one evaluation program (that includes scaling possibilities), Earn2Trade provides two different funding programs, each with various account sizes, and emphasises strong customer support and comprehensive educational resources. This makes the firm particularly appealing for traders aiming to refine their skills and expand their knowledge while also pursuing funding opportunities. What’s more, the flexibility of choosing between different funding programs caters well to traders who value options.

However, it’s essential to note that this overview serves as a starting point, and further research is important so you can make an informed decision between the two firms. Careful consideration of how each firm fits with your personal preferences will help you the most suitable option for you.

Earn2Trade VS OneUp Trader
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