EARNMAX Funding Prop Firm Review – Automated Prop Trading

Launched in 2022, EARNMAX is a newer entry to the global prop trading market. The firm offers a wide variety of affordable funded accounts, as well as a comprehensive knowledge base.

Additionally, EARNMAX offers an active automated trading community, the “Alpha Bot Trading”, which includes futures trading chat rooms and bot trading webinars.

Traders on EARNMAX have the opportunity to get access to NinjaTrader and keep up to 90% of the profits generated, keeping 100% of the first $25,000 in profits.

Drawdowns on EARNMAX are generally low, which is offset by relatively low profit targets.

This review will look at the many terms and features offered by EARNMAX to see how the prop firm scores on a variety of criteria.

Pros & Cons of EARNMAX Proprietary Trading Firm

EARNMAX Quick Overview

FPA Score	NOT RATED
Year founded	2022
Headquarters	Kitchener, Canada
Minimum audition fee	$19.95
Fees on withdrawals	none
Minimum funded amount	$25,000
Maximum funded amount	$750,000 (three $250,000 accounts)
Allowed daily loss	5% (varies between accounts)
Profit target	6% (varies)
Maximum trailing drawdown	5% (varies)
Profit sharing (Payouts)	90% (100% for the first $15,000)

Safety of EARNMAX – 1.5

EARNMAX’s primary trading partner is NinjaTrader, which is regulated by top-tier regulatory bodies, such as the CFTC.

It must be noted that EARNMAX is not rated on the Forex Peace Army, as it does not offer forex trading.

Aside from the standard KYC features and two-factor authentication, EARNMAX’s security features are vague and not available for review on the website.

The firm was officially registered in 2022, which means that EARNMAX does not have a long performance track record.

Vague security rules and lack of additional safety measures docks points in the safety department, giving it a score of 1.5/5.

Funding and Maximum Capital Allocation – 2

EARNMAX offers a wide variety of funding packages, which come with different trailing drawdowns and profit targets.

In general, EARNMAX’s packages can be divided into full funding and bundle accounts, as well as a special trading championship.

The full funding packages offer funding amounts of $50,000, $100,000, $150,000, and $250,000.

As for the bundle accounts, traders can obtain $25,000, $50,000, $100,000, or $250,000 in funding, with the bundle including three identical accounts, amounting to a total funding of $75,000, $150,000, and $300,000, $750,000, respectively.

Another funding option is the $150,000 limitless account, which can be obtained with a one-time payment and does not charge monthly fees.

The EARNMAX Trading Championship is a trading challenge that offers traders the opportunity to win $5,000 dollars and a $50,000 funded account.

The maximum funding amount available is $750,000 through the $250,000 bundle

Due to a high minimum funding option of $25,000, EARNMAX loses points on capital allocation and scores a 2 out of 5.

Assets – 1.5

EARNMAX does not offer a wide variety of assets for trading, being solely focused on futures trading.

Forex, stocks, CFDs, and other assets are not available, which docks points in the asset department.

Among the futures offered by EARNMAX are:

• Nasdaq-100 Futures
• E-mini Dow Jones Industrial Average Index Futures
• E-mini S&P 500 Index Futures
• Crude Oil Futures
• Gold Futures

In addition to this, traders can also access futures of assets such as treasury securities, live cattle, currencies, etc.

While the offerings of EARNMAX are limited to futures and metals, traders are allowed to use automated trading on the platform. EARNMAX scores 1.5/5 on available assets.

Trading Rules and Limitations – 2.3

EARNMAX upholds a consistency requirement for all of its traders, which is a measure against irregular trading patterns, such as sudden lot size changes.

Traders can calculate their Consistency Target using the formula below:

Best Day Profit ÷ Profit = Best Day % of Profit

This allows traders to control their performance to make sure they meet the criteria of the trading challenges, which include:

• Minimum number of trading days is 10
• All positions must be closed by 3:15 PM CST. The trading day resumes at 5 PM CST and ends at 3:15 PM CST (not counting holidays or weekends)
• The maximum position sizes is limited based on the funding size chosen by the trader

It must be noted that daily drawdowns and scaling are not factors for traders at EARNMAX. Rather, the most important two metrics to keep track of are the trailing drawdown and the profit target.

The contract size limitations by account are as follows:

• 5 contracts (10 micros) for the No-Live 50K accounts ($3,000 maximum loss limit)
• 10 contracts (20 micros) for the 50K Full accounts ($2,500 trailing drawdown)
• 14 contracts (28 micros) for the 100K Full accounts ($3,000 trailing drawdown
• 17 contracts (34 micros) for the 150K Full and 150K Limitless accounts ($5,000 trailing drawdown)
• 27 contracts (52 micros) for the 250K Full accounts ($6,500 trailing drawdown)
• 3 contracts (6 micros) for the 25K Bundle accounts ($1.500 trailing drawdown)
• 8 contracts (16 micros) for the 50K Bundle accounts ($2,500 trailing drawdown)
• 12 contracts (24 micros) for the 100K Bundle accounts ($3,000 trailing threshold)

While the drawdown thresholds are low at EARNMAX, the profit goals are also comparatively low, ranging from 6 to 7%, based on the size of the account.

Due to the time limitations and a minimum trading day requirement, EARNMAX loses out on some points in trading rules, giving it a 2.3 out of 5.

Platforms – 3.5

The primary broker partner of EARNMAX is NinjaTrader, which is a regulated broker that comes with all the necessary features for a seamless trading experience.

Since EARNMAX is a futures-only prop firm, MetaTrader and cTrader are not available, which docks some points to the firm.

Conversely, EARNMAX has a robust automated trading community, called the “Alpha Bot Trading”, which allows traders to use a variety of EAs and other automated tools, while exchanging ideas and strategies with the rest of the community in the Discord server.

Profit-Sharing and Withdrawals – 3

Traders on EARNMAX can keep up to 90% of their trading earnings, and 100% of the first $15,000.

Traders need to have 25 active trading days before requesting their first withdrawal. The general rules and procedures for withdrawals are as follows:

• First withdrawal payments are paid out on the last Friday of each month
• 3 to 4 business days for a withdrawal request to be reviewed and confirmed
• Withdrawals beyond Friday are processed on the 15th and last day of the month
• Payments must be requested on the 20th and 25th day of each month, along with the withdrawal amount. Identification is required for this step
• Payouts are made using PayPal, wire transfer, or mailed-in check

The first three withdrawals must have a minimum amount of $1,000 and no more than $3,000 can be withdrawn at this stage. From the fourth withdrawal onwards, there are no maximum withdrawal limits.

Because withdrawals are not the fastest, EARNMAX gets a funding and withdrawal score of 3 out of 5.

Fees – 2.5

EARNMAX offers affordable fees for its funded accounts, which are broken down into the following tiers:

• $82.50/month for the 50k Pro No Live Drawdown account
• $50/month for the 50k Full account
• $110/month for the 100k Full account
• $140/month for the 150k Full account
• $189 for the $150k Limitless account
• $160/month for the 250k Full account
• $48.75/month for the 25k Bundle account
• $78.45/month for the 50k Bundle account
• $112.68/month for the 100k Bundle account
• $19.95 for the Trading Championship

EARNMAX does not charge fees for withdrawals, but the withdrawal amount is limited for the first three requests. The accounts on EARNMAX often go on sale, with the current sale offering the $750,000 funding route of three $250k accounts going for as low as $25.50/month.

Education at EARNMAX – 1.8

EARNMAX offers a comprehensive Knowledge Base for its traders, which includes articles regarding fees, technical details, subscriptions and billing, automated trading, and various other topics.

The platform does not offer any additional educational content for beginners, such as webinars and trading courses, which docks points for education. Video guides and other evaluation tools are also unavailable.

Customer Support at EARNMAX – 3.6

Customer support details are readily available on the EARNMAX website, such as the support hotline and official email address.

The prop firm also has a fairly comprehensive FAQ section, as well as a special Help blank for additional questions and issues.

Live chat is also available and quick and easy to use.

Frequently Asked Questions