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Haven't tried either but reviewed their terms. Looks attractive aside from the rather big fee to sign up for a gauntlet trial which will last for 60 days.
Been waiting for someone else to post about it here, but seems no one has tried it either?
Noticed they had a promo code for 50% off in another forum posted months ago. Wish I knew about it...
Would have been definitely tried them instead of OneUP if I had known since the terms are more to my liking.
ps: Promo code is not working anymore btw. hope they have more attractive promo for members of this forum too!
I am going to start The Gauntlet in next few days.
I was TST funded trader for past 4 month until today.
It just didn't work out for me. Daily loss limit, trailing stop and many more restriction didn't allow me to be successful with TST with the way "I" trade.
We will be creating a new AMA thread for Earn2Trade in the next few days. Please look for that if you have any questions you want to ask about their products and services.
As always, nexusfi.com has made special arrangements with these companies to provide discounted services for FIO Elite Members. These discounts are only offered to Elite Members.
Note: nexusfi.com does NOT receive compensation for these referrals, we simply worked out these special deals to help our Elite Members who have chosen to support the site. Even though we believe these are great products and services, you should always do your own research before doing business with a company.
Yes hope it goes well buddy. I thought I would ask my questions here so we can all benefit from any fresh info.
Ok so I like that you can confirm your own risk parameters that fit your own style. That's great and should promote more success. The profit target is also very achievable in the timeframe, great.
Questions:
What is the cost of wire transfers on withdrawals ? Topstep is free over $250
Ok so profit split can range from 70%-80% which is trader dependant. Lets say 80%, so Helio takes 20% of profits at the end of each month. Do they also take 20% on withdrawals ? or is it just the 20% of end of month profits regardless of withdrawals.
Are there any other hidden costs traders need to be aware of.
Hey Adam - Wire transfers are $15-35, depending on domestic or international. You can also elect for a direct bank payment (ACH), which is free.
Helios takes their cut at minimum once per month. If a trader requests a withdrawal more frequently, then they take their cut when the trader gets theirs.
Please remember that your trading profits will flow through on a K1 statement which means you'll keep the capital gains rates rather than 1099 ordinary income. This can be a huge savings if you're profitable.
Earn2Trade www.earn2trade.com Become a Professional Trader. Decisions That Can Change Your Life Forever.