Introduction:
Welcome to our comprehensive comparison of two renowned funded trading programs: Traders With Edge and E8 Funding. As traders who have experienced both programs, we aim to provide you with valuable insights to help you make an informed decision. Join us as we delve into the key features, benefits, and potential considerations of these programs.
| Prop Firm Details | E8 Funding | Traders With Edge |
| Year Founded | 2021 | 2022 |
| Maximum Balance | $1,000,000 | $3,000,000 |
| Tradeable Assets | Forex Indices Metals Commodities Stocks Crypto |
Forex Indices Metals Commodities Stocks Crypto |
| Challenge Type | Two Step Evaluation | One-Step Evaluation Two Step Evaluation Instant Funding |
| Trading Platforms | MT4 MT5 |
MT4 MT5 |
| Trading Hours | Holding Overnight Holding Over Weekend |
Holding Overnight Holding Over Weekend |
| Copy Trading | ❌ | ❌ |
| News Trading | ✅ | ✅ |
| EAs | ✅ | ✅ |
| Trust Pilot Rating⭐ | 4.7 / 5.0 | 4.6 / 5.0 |
| Trust Pilot Reviews | 814 | 150 |
| Payment Types | Wire Transfer Paylpal Neteller Crypto Payoneer Coinbase Revolut Wise |
Wire Transfer Paylpal Crypto Credit Card Google Pay Payoneer Binance Wise |
| Two Step Rules | E8 Funding | Traders With Edge – Hare Standard |
| Profit Target Step 1 | 8% | 10% |
| Profit Target Step 2 | 5% | 5% |
| Max Daily Loss | ❌ | ❌ |
| Max Daily Drawdown | 5% | 10% |
| Max Loss | 8% | ❌ |
| Max Drawdown | ❌ | 10% |
| Min Trading Days Step 1 | ❌ | 5 |
| Min Trading Days Step 2 | ❌ | 5 |
| Max Trading Days Step 1 | 30 | 60 |
| Max Trading Days Step 2 | 60 | 60 |
| Profit Split | 80% | 80% |
Account Types and Capital:
Both Traders With Edge and E8 Funding offer multiple account types tailored to traders’ needs. Traders With Edge provides Turtle (1 Phase) and Hare (2 Phase) challenges, while E8 Funding offers E8 Account, E8 Track, and ELEV8 Account options. The account sizes range from $5,000 to $1,000,000 in Traders With Edge and $25,000 to $250,000 in E8 Funding. E8 Funding allows for larger initial deposits, providing traders with substantial capital to work with.
Profit Split and Account Scaling:
Traders With Edge follows an 80% profit split model, where traders retain 80% of their profits, while E8 Funding offers an enticing 80/20 profit split arrangement. Both programs reward traders for their trading performance, allowing them to keep a significant portion of their profits. Additionally, E8 Funding’s ELEV8 Account offers traders the opportunity to scale their funded account balance to $1,000,000 or more within a year, based on their consistent performance.
Evaluation Process and Risk Management:
To become a funded trader with Traders With Edge, traders need to complete the challenge phase, demonstrating their trading skills and adherence to the program’s rules. E8 Funding also employs an evaluation process tailored to each account type, which involves meeting profit targets, trading days, and drawdown limits. Both programs prioritize risk management, striking a balance between risk and reward.
Trading Platforms and Tradable Assets:
Traders With Edge offers a wide range of over 1,172 tradable assets, allowing traders to diversify their portfolios. The program provides access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5), renowned for their user-friendly interfaces and advanced charting tools. Similarly, E8 Funding grants traders access to MT4 and MT5, enabling efficient trade execution and leveraging the platforms’ technical indicators.
Customer Support and Feedback:
Both Traders With Edge and E8 Funding demonstrate a commitment to customer satisfaction. Traders can access live customer support through their respective websites. Additionally, they provide comprehensive Help Centers with frequently asked questions and additional resources. Traders’ feedback for both programs highlights transparency, support, and growth opportunities as positive aspects.
Conclusion:
Traders With Edge and E8 Funding are both reputable trading programs that offer aspiring traders the opportunity to access capital and trade professionally. Each program has its unique features and benefits. Traders With Edge stands out with its structured challenge phases, profit-sharing model, and diverse range of tradable assets. On the other hand, E8 Funding impresses with its account scaling opportunities, larger initial capital, and innovative risk scaling. When considering these programs, it is essential to evaluate your trading goals, risk appetite, and preferences to make the right choice for your trading journey.
Remember, whether you choose Traders With Edge or E8 Funding, both programs provide a platform to unlock your trading skills and pursue financial success in the dynamic world of Forex and CFD trading.
