Introduction:
As traders, we understand the importance of choosing the right funded trading program that aligns with our goals and provides the necessary support for profitable trades. In this blog post, we will compare two popular programs, TakeProfitTrader and E8 Funding, to help you make an informed decision about which program may be suitable for your trading journey.
| Prop Firm Details | E8 Funding | Take Profit Trader |
| Year Founded | 2021 | 2022 |
| Maximum Balance | $1,000,000 | $150,000 |
| Tradeable Assets | Forex Indices Metals Commodities Stocks Crypto |
Equity Futures Forex Futures Agricultural Futures Energy Futures Interest Rate Futures Metals Futures |
| Challenge Type | Two Step Evaluation | One-Step Evaluation |
| Trading Platforms | MT4 MT5 |
NinjaTrader Rithmic InsideEdge Trader Volfix ATAS Medved Trader Quantower TradeNavigator SierraChart Photon MotiveWave RInvestor Bookmap X-Ray Jigsaw Daytradr |
| Trading Hours | Holding Overnight Holding Over Weekend |
❌ |
| Copy Trading | ❌ | ❌ |
| News Trading | ✅ | ❌ |
| EAs | ✅ | ❌ |
| Trust Pilot Rating⭐ | 4.7 / 5.0 | 4.3 / 5.0 |
| Trust Pilot Reviews | 814 | 317 |
| Payment Types | Wire Transfer Paylpal Neteller Crypto Payoneer Coinbase Revolut Wise |
Paylpal Credit Card |
Account Types and Capital:
Both TakeProfitTrader and E8 Funding offer multiple account types with varying capital sizes. TakeProfitTrader allows traders to select their preferred asset class, whether it’s Futures Markets or Stocks, and define the capital size they will manage. On the other hand, E8 Funding provides three distinct account types: E8 Account, E8 Track, and ELEV8 Account, with a range of account sizes from $25,000 to $250,000. E8 Funding also offers the opportunity to scale the funded account balance to $1,000,000 or more within a year through their ELEV8 Account.
Trading Platforms:
TakeProfitTrader and E8 Funding both provide access to reliable and widely used trading platforms. TakeProfitTrader offers a streamlined trading experience without any frills, while E8 Funding offers access to industry-leading platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are known for their user-friendly interfaces, advanced charting tools, and extensive range of technical indicators, enabling traders to execute trades efficiently and effectively.
Evaluation Process and Risk Management:
Both programs have an evaluation process that traders must pass to become funded traders. TakeProfitTrader requires traders to reach a profit target and demonstrate their ability to follow a set of risk rules. E8 Funding also has an evaluation process tailored to each account type, which typically involves meeting specific profit targets, minimum trading days, and maintaining drawdown limits. Both programs emphasize risk management and provide guidelines to help traders stay disciplined during their trades.
Profit Split and Withdrawals:
TakeProfitTrader offers a profit split where 80% of the profits go directly into the trader’s pocket. On the other hand, E8 Funding provides an 80/20 profit split, allowing traders to keep 80% of their profits and receive a full refund of their evaluation fees. Withdrawals can be made after meeting certain requirements, such as successful account management for a specified period. E8 Funding also allows subsequent withdrawals to increase the trader’s drawdown limit by 1% with each withdrawal, up to a maximum of 14% overall.
Community and Education:
TakeProfitTrader and E8 Funding both foster a sense of community among traders. TakeProfitTrader offers a private Discord channel where traders can connect with like-minded individuals, share insights, and access free education provided by experienced head traders. E8 Funding demonstrates a commitment to customer satisfaction by offering live customer support and providing a comprehensive Help Center where traders can find answers to frequently asked questions and access additional resources.
Conclusion:
As traders ourselves, we have experienced the benefits of both TakeProfitTrader and E8 Funding trading programs. TakeProfitTrader stands out for its streamlined approach, risk management system, and opportunity to trade with sufficient funds. On the other hand, E8 Funding offers a comprehensive solution with its range of account types, access to trusted trading platforms, and the potential for substantial growth through their scaling program.
Ultimately, the choice between TakeProfitTrader and E8 Funding depends on your preferences, trading goals, and the specific features that resonate with you. We encourage you to carefully evaluate both programs and consider your individual needs before making a decision. Remember, finding the right funded trading program can significantly enhance your trading skills and contribute to sustainable profitability.
