Introduction:
In today’s blog post, we will delve into a comparative review of two prominent funded trading programs: LuxTrading Funded Trading Program and E8 Funding Trading Program. As traders who have experienced both programs, we at WhichFunded have gained valuable insights into their features, benefits, and overall performance. Join us as we explore the similarities and differences between these programs to help you make an informed decision.
| Prop Firm Details | E8 Funding | Lux Trading Firm |
| Year Founded | 2021 | 2020 |
| Maximum Balance | $1,000,000 | $10,000,000 |
| 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 |
| Trading Hours | Holding Overnight Holding Over Weekend |
Holding Overnight Holding Over Weekend |
| Copy Trading | ❌ | ❌ |
| News Trading | ✅ | ✅ |
| EAs | ✅ | ✅ |
| Trust Pilot Rating⭐ | 4.7 / 5.0 | 4.5 / 5.0 |
| Trust Pilot Reviews | 814 | 406 |
| Payment Types | Wire Transfer Paylpal Neteller Crypto Payoneer Coinbase Revolut Wise |
Wire Transfer Crypto Credit Card Wise |
| Two Step Rules | E8 Funding | Lux Trading Firm |
| Profit Target Step 1 | 8% | 6% |
| Profit Target Step 2 | 5% | 4% |
| Max Daily Loss | ❌ | ❌ |
| Max Daily Drawdown | 5% | ❌ |
| Max Loss | 8% | ❌ |
| Max Drawdown | ❌ | 5% |
| Min Trading Days Step 1 | ❌ | 29 |
| Min Trading Days Step 2 | ❌ | 29 |
| Max Trading Days Step 1 | 30 | ❌ |
| Max Trading Days Step 2 | 60 | ❌ |
| Profit Split | 80% | 75% |
Program Structure and Trading Rules:
Both LuxTrading and E8 Funding follow structured approaches with clearly defined stages. Traders progress through these stages based on their ability to demonstrate consistent profitability and risk management. Both programs prioritize responsible trading and set specific profit targets and maximum loss limits to ensure a disciplined trading approach.
Account Sizes and Growth Potential:
LuxTrading offers different account sizes ranging from $25,000 to $200,000, with the opportunity to scale up to $10,000,000 in multiple stages. On the other hand, E8 Funding provides three distinct account types with varying capital sizes, ranging from $25,000 to $250,000. E8 Funding’s ELEV8 Account allows traders to scale their funded account balance to $1,000,000 or more within a year. Both programs offer substantial growth potential, providing traders with the opportunity to achieve their financial goals.
Real Money Trading:
LuxTrading distinguishes itself by exclusively trading with real capital, allowing traders to experience the challenges and rewards of trading with actual funds. Similarly, E8 Funding emphasizes trading professionally by providing traders with access to substantial capital. Both programs recognize the importance of real-money trading in enhancing traders’ learning and skill development.
Trading Platforms and Technology:
LuxTrading utilizes the MetaTrader 4 (MT4) platform, known for its stability, functionality, and comprehensive features. E8 Funding, on the other hand, offers access to both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), renowned for their user-friendly interfaces and advanced charting tools. Traders in both programs can leverage these platforms to execute trades efficiently.
Evaluation Process and Risk Management:
LuxTrading and E8 Funding employ evaluation processes tailored to each account type. Traders must meet specific profit targets, and minimum trading days, and maintain drawdown limits to qualify for funding. LuxTrading emphasizes consistent profitability and risk management, while E8 Funding implements innovative risk scaling to strike a balance between risk and reward.
Profit Split and Withdrawals:
LuxTrading allows traders to keep 75% of their profits, providing a significant incentive for performance. E8 Funding offers an attractive 80/20 profit split, where traders keep 80% of their profits and receive a full refund of their evaluation fees. Both programs provide favorable profit split arrangements, rewarding traders for their success.
Customer Support and Feedback:
LuxTrading and E8 Funding prioritize customer satisfaction by offering live customer support and comprehensive help centers. Traders can find answers to frequently asked questions and access additional resources to support their trading journey. Positive feedback from traders highlights the transparency, support, and growth opportunities provided by both programs.
Conclusion:
In conclusion, both the LuxTrading Funded Trading Program and the E8 Funding Trading Program offer aspiring traders the opportunity to access capital and trade professionally. LuxTrading’s focus on responsible trading, real-money trading, and transparent program structure makes it a reputable option for traders seeking a supportive environment. E8 Funding’s transparent evaluation process, risk scaling, and attractive profit split arrangement provide compelling features for traders to showcase their skills and achieve their financial goals. We at WhichFunded encourage you to carefully consider your trading goals and preferences before choosing the program that aligns best with your needs.
