It is important to take note of Earn2trade supported and restricted countries especially for traders looking to join the prop firm. Founded in 2017, Earn2Trade is an educational organization that offers virtual accounts and learning classes to novice traders who want to pursue careers in futures trading. Earn2Trade, which has its headquarters in Wyoming, USA, gives traders access to cash from proprietary trading firms, with amounts ranging from $25,000 to $200,000, provided they meet certain trading requirements. Earn2Trade offers paid learning courses, some of which include one-on-one mentoring, and support for multiple languages. This article will examine Earn2trade supported and restricted countries.
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An Overview Of Earn2Trade
In order to use Earn2Trade, market participants must first register, pay a subscriber fee to use an account, and then start trading virtual money. Real money for trading may be made available to traders by an Earn2Trade partner if they fulfill the standards.Ā
By using a prop firmās funds to trade, retail traders can become professionals and earn 80% of their profits, with the capital providing firm keeping the remaining 20%.
To support traders, Earn2Trade partners with top trading service providers. Brokers like Phillip Capital, EdgeClear, and Advantage Futures are part of these alliances, demonstrating a strong trading infrastructure.
Earn2trade Supported Countries
Earn2Trade provides its services to traders across the globe. Australia, Canada, Ghana, Hong Kong, Ireland, New Zealand, Nigeria, Pakistan, Philippines, Singapore, South Africa, the United Kingdom, and the United States are among the numerous Earn2trade supported countries.
Earn2trade Restricted Countries
Earn2Trade has a list of Earn2trade restricted countries which it is unable to provide funding because of sanctions or other factors, despite its global presence. citizens of the following Earn2trade restricted countries are unable to get funded:
- Afghanistan
- Albania
- Azerbaijan
- Burma (Myanmar)
- Central African Republic
- Cuba
- Gibraltar
- Iran
- Iraq
- Libya
- Mali
- Nauru
- Nigeria
- North Korea
- Pakistan
- Russia
- Somalia
- South Sudan
- Sudan
- Syria
- Turkmenistan
- Ukraine
- Venezuela
- Yemen
Users from nations recently added to the restricted list are unable to reset their evaluation or continue using Earn2Trade. Refunds for purchases or resets made from these Earn2trade restricted countries will cease on May 15. Earn2Trade cautions that any attempt to go around this rule by giving false information about the address or country of origin will be immediately banned and removed from their services without a refund.
Managing Palestineās Restrictions
Palestine is not listed as one of the Earn2Trade supported countries in Earn2tradeās data feed source. When registering, users from Palestine are prompted to choose Israel as their region so that Earn2Trade can link them to their data feed.
Conditions for Non-US CitizensĀ
After passing the Trader Career PathĀ® / Gauntlet MiniTM and receiving a financing offer, non-US citizens are needed to complete a W-8BEN form. This form requires their Foreign Tax Identifying Number (FTIN), which is provided by their nationās tax authority, and identifies them as the owner of a financial account in the US. This enables them to profit from possible tax advantages and guarantees proper involvement in accordance with the Internal Revenue Service (IRS).
How Earn2Trade Operates
Earn2Trade provides tasks to evaluate tradersā abilities. A funded account from one of Earn2Tradeās proprietary firm partners, such as Helios Trading Partners or Appius Trading Limited, is provided to those who successfully complete the challenges. Depending on the initial challenge, the purchase capacity of these pre-funded accounts might range from $25,000 to $200,000. The traders receive an 80/20 cut of the profits from these financed accounts.
As long as traders successfully turn a profit and abide by the guidelines, Earn2Trade offers a clear route to opening higher financed accounts.
Earn2Trade Trading Tools and Platforms
NinjaTrader, Finamark, R/Trader & R/Trader Pro, and Overcharts are among the platforms that Earn2Trade supports. The Gauntlet and Gauntlet Mini tests offer free access to NinjaTrader and Finamark. All CME (CME, CBOT, NYMEX, and COMEX) futures assets, including micros, are available for trading by clients.
Benefits of Using Earn2Trade
- Educational Resources: The National Futures Association (NFA)-approved professional traders at Earn2Trade provide high-quality instruction.
- Trading Platforms: Extended analytics and free trading platforms are available.
- Profit Sharing: Eighty percent of profits are distributed to traders.Ā
- Community Support: Having access to a group of people who can talk, learn, and develop in a controlled setting.
- Funding Opportunities: Get up to $200,000 for management by becoming a trader at a big company.
- Simple Registration: A prospective clientās paperwork are reviewed quickly and registration is made simple.
Obstacles and Things to Think About
- Subscriber Fees: In order to cooperate, you must pay a subscriber fee.
- Restricted Countries: Because of restrictions, services are limited in several nations.
- Only Trading Futures: Only futures products listed on the CME, COMEX, NYMEX, and CBOT exchanges may be traded by Earn2Trade exam takers.
- No Trading Suggestions: The role of instructors is to teach educational content; they do not offer trading advice or suggest specific financial instruments.
Other Options Besides Earn2TradeĀ
There are other prop firms to take into consideration if Earn2Trade is not available in a traderās country or does not suit their trading preferences.
In conclusion
Earn2Trade gives traders all around the world a place to hone their abilities and possibly get money to trade futures. Although its services are accessible in many nations, some are limited because of economic and legal penalties. Through its partner companies, Earn2Trade provides a way for both novice and seasoned traders to hone their techniques and maybe handle substantial sums of money. Earn2Trade wants to give traders the skills and information they need to be successful in the futures market by offering a variety of trading platforms and educational materials.Ā
Frequently Asked Questions
Why Do Earn2Trade Restrict Certain Countries?
- Restrictions are primarily due to regulatory compliance issues and legal standards that prevent foreign financial services firms from operating within certain jurisdictions.
How Can I Verify If My Country Is Supported By Earn2Trade?
- You can check your eligibility by visiting Earn2Trade official website or reviewing their terms of service for the most current list of supported and restricted countries.
What Should I Do If My Country Is Restricted?
- If your country is on the restricted list, consider exploring other proprietary trading firms that may offer similar opportunities without geographical limitations.
