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so to confirm...if a trader withdrawals once a month Helio take only the initial 20% of end of month profit. But if a trader makes more than one withdrawal in a month, Helio take an extra 20% of the withdrawal amount on any withdrawals thereafter.
And the $25 wire fee, does that include international transfers to the UK?
Lastly what are the per round turn total costs per contract (not including data) for ES & NQ?
Thank you for your time
Can you help answer these questions from other members on NexusFi?
Think of it this way - Whenever the trader gets their share, Helios gets theirs. If the trader doesn't withdraw, Helios is getting their share once a month. Helios only ever gets their proper share, nothing more. If the trader decides to withdraw every week, then Helios is getting their cut every week too.
I spoke too soon regarding wire transfers and I edited my prior post. As of today, it's now $15 for domestic and international is $35. These are straight pass through fees from the bank. No additional tacked on fees to it.
If you're using Rithmic data feed add an additional $0.25/side/contract. If you use TT, then replace the Rithmic fee with theirs. If you use Finamark it's $0.20 instead of $0.25.
Earn2Trade www.earn2trade.com Become a Professional Trader. Decisions That Can Change Your Life Forever.
Ok thanks for the info Ryan. If there is anything else you can share to build confidence it would be greatly appreciated. Like the number of traders you have funded through Gauntlet, a traders experience with Helio etc
We’ve just launched earlier this year and at this rate we’re on track to reach 100 traders who will pass the Gauntlet™ by the end of the year. We plan on having an AMA thread here soon as well as a webinar where we believe we can help answer some more questions. As always, anyone is more than welcome to come chat with us live on our website if they have any additional questions.
Earn2Trade www.earn2trade.com Become a Professional Trader. Decisions That Can Change Your Life Forever.
@Earn2Trade, some questions:
1. Do you give additional rules after passing the gauntlet (like topstep or 1up)?
2. Do we have to trade the whole 60 days even we pass it before?
3. 1 trade min / week?
4. What if we just can't trade for whatever reasons for extended period time? Can we stop paying the professional data while we're out and still get funded when we're back?
5. Can the elite member keep using the 25% discount after failing? or is it ongoing subscription thing monthly until the goal is reached?
6. Is there a restriction on how many lot we use?
For the community here:
I thought the gauntlet fee is reasonable especially for elite member. The 10% goal is also doable in 2 months time. I will give it a try early next year since it's been awfully busy year work wise and just wanted a break from future trading.
1) No. Helios will explain in their offer what the restrictions are. This typically is just telling you what your drawdown/loss limit is (it's not trailing), making sure you trade the same way you did in the Gauntlet, and making sure you use stops.
2) Yes, you must continue to trade the account at least once per week until the 60 days is up. As a note, if you hit your 10% and completely change your trading style to limit your trading until the 60 days it up, this will reflect poorly and you are likely to receive a lower funding offer. To receive the best possible offer you should continue trading with the same style and frequency throughout the entire 60 day period.
3) Yes, that's the only minimum trade requirement.
4) Yes! Just let Helios know of your extended leave and they will make the arrangements.
5) It's a one time offer per user. Unlike others, this is not a subscription service and there is no auto-renewal. We do not suggest attempting The Gauntlet™ until you're confident you can pass. We believe that discounted fees lead to poor trading choices. If people know it's just a low re-entry cost if they mess up, they may take risk they maybe wouldn't normally take in order to pass. This is another reason we don't have cheap "reset" fees. We do our best to make sure the experience is as "realistic" as possible.
6) The only limit is by your balance. Whatever you have available, you can use.
I hope that answers your questions!
Earn2Trade www.earn2trade.com Become a Professional Trader. Decisions That Can Change Your Life Forever.