Updated July 19, 2024
E2T offers 2 programs
Trader Career Path (TCP): Build a career with a scaling plan
Gauntlet Mini (GM): Focused on Intraday Traders
Minimum 10 trading days to pass
Reach profit target to move to live sim or live funded
End of Day drawdown in evaluation and live sim. Intraday Live Trailing drawdown in Live Funded account. Account balance must be maintained above drawdown limit at any time.
Do not exceed the maximum number of contracts allotted for each trade as per your account balance (evaluation & funded).
Hitting the daily loss limit in evaluation closes the account (refer E2T)
Best day cannot be more than 30% of profit target
Must close orders /positions before 4:50 p.m. EST, New York, for most products.
You can trade news
Progression Ladder: Maximum contracts in evaluation (& funded) is based on your account balance (open and closed equity intraday). Build a cushion of balance before sizing up. Exceeding the limit results in liquidation and shuts the trading for the day. Intentionally violating this rule leads to termination. 10 Micros are equivalent to 1 Mini
TCP: Get a free reset upon renewal. This reset can be used anytime. Can accumulate resets. Immediate reset can be done for $100
GM: No free reset on monthly renewal. Immediate reset $100
Trading Platform: Free: Ninja Trader recommended (free in eval & Live Sim), Finamark (90 day license in Live), RTrader Pro. Overcharts (60 days free for new users). Other platforms compatible with Rithmic data feed can be used (refer E2T)
Live / Live sim: Sample commission costs each way. ES $2.04, MES $0.93
Free: Journalytix license after contacting support (once per user). Educational Material ($249 value). Trading Simulator including Data Feed
Multiple accounts: Only 1 Live Sim account. Can have up to 3 Live accounts. Need to use separate email for each account (refer E2T)
Caution / Prohibited: Copy trading. Gambling practices. Rule evasion. Unrealistic order executions. Taking advantage of delayed price updates. Being disruptive, spoofing. Trading unrealistic number of contracts. Manipulating trading environment (trading between connected accounts, multiple accounts across different parties, hedging, ultrafast software / AI). Bypassing geographical restrictions. Letting others use your account (refer E2T)
Trader Career Path (TCP)
Follow the path as per the evaluation passed. As traders reach each phase profit target and withdraw 80% of eligible profits traders are moved to the next phase. After finishing all phases traders receive a custom offer.
*Note: Drawdown type for evaluation and Live Sim is EOD. For Live, it is intraday live trailing. In the final phase, the drawdown limit is fixed at 194,000 for 200k and 388,000 for 400k accounts. Daily loss limit for 400k is at 8,800. For maximum contracts, drawdown and daily loss see the table above under the respective account size.
After you qualify you can choose either live sim or live funded account.
Live Sim: One-time fee of $139 will be deducted from your first payout amount. This covers data for all 4 CME exchanges
Live / Professional Trader: Market Data fees $135/month/exchange is charged at the end of each month for the following month. Monthly data fees must be paid by the trader, unless they already have their own data feed (refer E2T).
Same rules of drawdown, daily loss limit, closing times and max contracts like in evaluation
Optional: Daily loss can be removed after drawdown reaches initial balance in live funded (refer E2T).
No resets
Unscheduled absences of five consecutive trading days will result in account termination.
Can register as business entity (LLC)
Ninja Trader in Live funded: Receive $100 discount for single broker lifetime license ($300 multi broker)
Traders receive 80% of the profits accumulated
To have the payout be processed on Tuesdays, submit a request by Friday 3:00 p.m. EST, New York
Minimum withdrawal amount is $100
Live Sim: First payout you would have to accumulate $239 ($100 + $139 activation fee) before submitting request
Maximum GM: $4000
Maximum TCP: As per the path payout structure. Withdraw and move to the next phase.
A withdrawal fee of $10 will be applied (waived if above $500)
Receive payouts through bank transfer, cryptocurrency, Riseworks
Free educational resource in evaluation ($249 value)
Live sim activation fee deducted from the first payout
No minimum or maximum payout restrictions
Scale up to 400k in TCP (Trader Career Path)
