Yes. That's how I interpreted LeeLoo's rule as well.

So, believe it or not, I actually signed up for Earn2Trade as I received an email about 50% discounts on their tryouts. I have very low expectations for reasons that probably have been repeated too many times by now, but for $175 I can use it as a practice account with the possibillity of a smaller pay-out eventually. I don't have any illusions about being "funded", but I figure I have a reasonable chance at getting some money out of them.

Main focus will still be my live account.

Howard Roark 

So, believe it or not, I actually signed up for Earn2Trade as I received an email about 50% discounts on their tryouts. I have very low expectations for reasons that probably have been repeated too many times by now, but for $175 I can use it as a practice account with the possibillity of a smaller pay-out eventually. I don't have any illusions about being "funded", but I figure I have a reasonable chance at getting some money out of them. Main focus will still be my live account.

I thought they had problems with funding partners? I saw a post that the traders who passed the evaluation were not getting their "live" accounts. If I can find the post, I'll give you the link.

Howard Roark 

So, believe it or not, I actually signed up for Earn2Trade as I received an email about 50% discounts on their tryouts. I have very low expectations for reasons that probably have been repeated too many times by now, but for $175 I can use it as a practice account with the possibillity of a smaller pay-out eventually. I don't have any illusions about being "funded", but I figure I have a reasonable chance at getting some money out of them. Main focus will still be my live account.

Read the last couple of posts here:

Earn2Trade - Orianna Foucault (Director of Support) - Ask Me Anything (AMA) Orianna Foucault, Director of Support and Candidate Relations at Earn2Trade will be monitoring this thread so that she may answer any questions that you post here relating to Earn2Trade's products and services. Please keep in mind that some customer …

Posted on September 16th:

"I passed my Gauntlet Mini around August 20th. Still waiting on a Live account to be set up, it has been a while now. I have asked for estimated time line but have not received a clear response to that question. Earn2Trade is mentioning that they are switching FCMs and still trying to finalize details.

I see from posts earlier in this thread (winter / spring 2021) that Earn2Trade was experiencing delays in setting up people with Live accounts but it sounded like for the most part that was resolved after they switched to Advantage Futures to clear trades. Does this mean that relationship with Advantage didn't work out and a new FCM is now needed?

Has anyone else who has passed the Gauntlet Mini lately experienced these delay issues? Perhaps Earn2Trade if they are monitoring could comment and provide more clarity - a ballpark estimate of when the new FCM will be up and running - and if possible, the reasons why FCMs are getting switched again?

Thank you."

MR79 

Good morning, maybe Leeloo or Apex can be a solution for this problem. Both have no daily drawdown if you are in the Performance account. The trailing stops after it’s past the “threshold”. Then you are able to work with your own parameters. Sent using the NexusFi mobile app

I read through the Leeloo website. Their withdrawal policy is ridiculous. They work with your money for a month before you can withdraw. In other words, if you're profitable, you're funding other traders.
Their rules are more than a little confusing as well. I wouldn't trust them.

Never heard of Apex. Will look them up.

phantomtrader 

Read the last couple of posts here: Earn2Trade - Orianna Foucault (Director of Support) - Ask Me Anything (AMA) Orianna Foucault, Director of Support and Candidate Relations at Earn2Trade will be monitoring this thread so that she may answer any questions that you post here relating to Earn2Trade's products and services. Please keep in mind that some customer … Posted on September 16th: "I passed my Gauntlet Mini around August 20th. Still waiting on a Live account to be set up, it has been a while now. I have asked for estimated time line but have not received a clear response to that question. Earn2Trade is mentioning that they are switching FCMs and still trying to finalize details. I see from posts earlier in this thread (winter / spring 2021) that Earn2Trade was experiencing delays in setting up people with Live accounts but it sounded like for the most part that was resolved after they switched to Advantage Futures to clear trades. Does this mean that relationship with Advantage didn't work out and a new FCM is now needed? Has anyone else who has passed the Gauntlet Mini lately experienced these delay issues? Perhaps Earn2Trade if they are monitoring could comment and provide more clarity - a ballpark estimate of when the new FCM will be up and running - and if possible, the reasons why FCMs are getting switched again? Thank you."

Yikes. Seems like the problem was resolved, though?

phantomtrader 

I read through the Leeloo website. Their withdrawal policy is ridiculous. They work with your money for a month before you can withdraw. In other words, if you're profitable, you're funding other traders. Their rules are more than a little confusing as well. I wouldn't trust them. Never heard of Apex. Will look them up.

Since you mentioned looking up others, you could consider looking up T3, too. They provide funding for traders, but I believe they also require you deposit your own money. I know that's been common with serious prop firms, but it stopped me from moving further at that point in time. It's something I may consider later on if I see a reason for doing it.

They have a different business model than the 'get-funded' companies discussed here, so it's possible they actually want to fund you long term if you prove yourself.

With futures I'm already fairly leveraged, so I'm not sure if there would be a benefit to be trading through a prop firm if I have to deposit my own money. Equities would be different.

They seem to offer full funding if you have a track record or a 'first loss capital'.

They seem to be a bit more serious/professional than these other companies, but I wouldn't know for sure.

https://www.t3trading.com/

Howard Roark 

Yikes. Seems like the problem was resolved, though? Since you mentioned looking up others, you could consider looking up T3, too. They provide funding for traders, but I believe they also require you deposit your own money. I know that's been common with serious prop firms, but it stopped me from moving further at that point in time. It's something I may consider later on if I see a reason for doing it. They have a different business model than the 'get-funded' companies discussed here, so it's possible they actually want to fund you long term if you prove yourself. With futures I'm already fairly leveraged, so I'm not sure if there would be a benefit to be trading through a prop firm if I have to deposit my own money. Equities would be different.

Well, my original intent was to see if I could scale up to 15 contracts and let them worry about the margin requirements. Turned out it isn't possible.

I've seen the T3 website. I know they require a deposit but how much they're willing to fund isn't clear.
Also, they don't list their rules for funded accounts. That means you need to ask a lot of questions before trading with them.

Transparency isn't a big attribute of any of these companies.

Not sure if Earn2Trade has resolved their problems. Probably should ask them.

phantomtrader 

I read through the Leeloo website. Their withdrawal policy is ridiculous. They work with your money for a month before you can withdraw. In other words, if you're profitable, you're funding other traders. Their rules are more than a little confusing as well. I wouldn't trust them. Never heard of Apex. Will look them up.

It’s possible to see this from this side, personally It’s not an issue for me. In Germany it’s normal to become your paycheque on a monthly basis. Coming from this, it’s not a problem at all.


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SBtrader82 

I think Leelo system is not viable, it is clearly designed so that a trader will break the rules no matter what. The trailing drawdown is computed intraday on the open profits. So you must always remember what your open equity peak was. Trading is hard enough without having to remember this. Most of other companies, for instance Earn2trade or topstep remove the trailing drawdown once it reaches a certain level plus they don't compute intraday and they don't compute it using open profits. When I see leelo's condition I wonder if they have ever traded a single day in their life and if they could pass the evaluation. Sent using the NexusFi mobile app

For the trailing drawdown in the evaluation you are right to keep this in your mind.
My personal key was to keep you losses small 5-12tick and take the TP, don’t let the market come back to you.

But after passing the evaluation the trailing stops once it reaches the “account size” + 100$, after that you are free and have to apply your own money management system.


Sent using the NexusFi mobile app