Introduction:
In this blog post, we will compare two prominent trading firms, FTMO Prop Trading Firm and E8 Funding Trading Program. As traders who have experienced both of these firms, we aim to provide an unbiased analysis of their key features, benefits, and overall trading experience. Let’s dive into the comparison and explore what each firm has to offer.
| Prop Firm Details | E8 Funding | FTMO |
| Year Founded | 2021 | 2014 |
| Maximum Balance | $1,000,000 | $2,000,000 |
| Tradeable Assets | Forex Indices Metals Commodities Stocks Crypto |
Forex Indices Metals Commodities Stocks Crypto |
| Challenge Type | Two Step Evaluation | Two Step Evaluation |
| Trading Platforms | MT4 MT5 |
MT4 MT5 cTrader |
| Trading Hours | Holding Overnight Holding Over Weekend |
Holding Overnight Holding Over Weekend |
| Copy Trading | ❌ | ✅ |
| News Trading | ✅ | ✅ |
| EAs | ✅ | ✅ |
| Trust Pilot Rating⭐ | 4.7 / 5.0 | 4.9 / 5.0 |
| Trust Pilot Reviews | 814 | 4,408 |
| Payment Types | Wire Transfer Paylpal Neteller Crypto Payoneer Coinbase Revolut Wise |
Wire Transfer Skrill Crypto Credit Card Google Pay Nuvei Checkout.com Confirmo |
| Two Step Rules | E8 Funding | FTMO |
| Profit Target Step 1 | 8% | 10% |
| Profit Target Step 2 | 5% | 5% |
| Max Daily Loss | ❌ | 5% |
| Max Daily Drawdown | 5% | ❌ |
| Max Loss | 8% | 10% |
| Max Drawdown | ❌ | ❌ |
| Min Trading Days Step 1 | ❌ | 10 |
| Min Trading Days Step 2 | ❌ | 10 |
| Max Trading Days Step 1 | 30 | 30 |
| Max Trading Days Step 2 | 60 | 60 |
| Profit Split | 80% | 80%, up to 90% |
Evaluation Process:
FTMO Prop Trading Firm boasts a rigorous two-step evaluation process consisting of the FTMO Challenge and Verification stages. Traders are required to showcase their trading abilities and meet specific Trading Objectives. On the other hand, E8 Funding Trading Program implements an evaluation process tailored to each account type, including profit targets, trading days, and drawdown limits. Both firms prioritize evaluating traders’ skills and discipline before granting them access to capital.
Account Types and Capital:
FTMO offers traders the opportunity to manage an FTMO Account with a balance of up to $400,000. They do not restrict trading styles, instruments, or position sizes, allowing traders the freedom to trade according to their preferences. E8 Funding, on the other hand, provides three distinct account types with varying capital sizes, ranging from $25,000 to $250,000. Traders can choose an account size based on their trading goals and experience, with the potential for scaling up to $1.0 million or more.
Trading Platforms and Instruments:
Both FTMO and E8 Funding offer access to popular trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are renowned for their user-friendly interfaces, advanced charting tools, and extensive range of technical indicators. Traders can leverage the power of these platforms to execute trades efficiently. In terms of trading instruments, both firms provide a wide range of options, including Forex, Indices, Crypto, Commodities, and more.
Risk Management and Profit Split:
FTMO emphasizes risk management by requiring traders to meet Trading Objectives that demonstrate their risk management capabilities. They provide a payout system with a default profit split ratio of 80:20, which can increase to an impressive 90:10 if traders meet the conditions of the Scaling Plan. E8 Funding implements innovative risk scaling, allowing traders to balance risk and reward by scaling their overall drawdown up to 14%. They offer an enticing 80/20 profit split arrangement, with traders keeping 80% of their profits.
Scaling and Growth Opportunities:
FTMO offers traders the potential for account growth through their Scaling Plan, where the account balance increases by 25% every 4 months. E8 Funding’s ELEV8 Account provides traders with an exciting opportunity to scale their funded account balance to $1,000,000 or more within a year. Both firms provide scaling and growth opportunities, rewarding traders for their consistent performance.
Additional Benefits and Support:
FTMO Prop Trading Firm offers custom trading apps, account analysis, unbiased feedback, and support from their customer support team. They also provide educational resources through their Trading Academy, including tutorials, webinars, and collaborations with experienced traders and mentors. E8 Funding demonstrates a strong commitment to customer support, offering live customer support and a comprehensive Help Center to assist traders.
Conclusion:
FTMO Prop Trading Firm and E8 Funding Trading Program are both reputable firms that empower traders with capital and provide growth opportunities. FTMO stands out with its two-step evaluation process and potential account balance of up to $400,000. On the other hand, E8 Funding offers flexible account types and the potential for scaling the funded account balance to $1,000,000 or more within a year. Ultimately, both firms offer comprehensive trading experiences, and the choice between them depends on individual trader preferences and goals.
