Introduction:
As traders who have had the opportunity to experience both the Funded Trading Plus Program and the E8 Funding Trading Program, we at WhichFunded understand the importance of choosing the right platform to enhance your trading skills. In this blog post, we will provide a detailed comparison of these two programs, highlighting their key features, benefits, and overall trading experiences.
| Prop Firm Details | E8 Funding | Funded Trading Plus |
| Year Founded | 2021 | 2021 |
| Maximum Balance | $1,000,000 | $2,500,000 |
| Tradeable Assets | Forex Indices Metals Commodities Stocks Crypto |
Forex Indices Metals Commodities 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 |
| Copy Trading | ❌ | ✅ |
| News Trading | ✅ | ✅ |
| EAs | ✅ | ✅ |
| Trust Pilot Rating⭐ | 4.7 / 5.0 | 4.9 / 5.0 |
| Trust Pilot Reviews | 814 | 1,455 |
| Payment Types | Wire Transfer Paylpal Neteller Crypto Payoneer Coinbase Revolut Wise |
Crypto |
| Two Step Rules | E8 Funding | Funded Trading Plus |
| Profit Target Step 1 | 8% | 10% |
| Profit Target Step 2 | 5% | 5% |
| Max Daily Loss | ❌ | ❌ |
| Max Daily Drawdown | 5% | 5% |
| Max Loss | 8% | ❌ |
| Max Drawdown | ❌ | 10% |
| Min Trading Days Step 1 | ❌ | ❌ |
| Min Trading Days Step 2 | ❌ | ❌ |
| Max Trading Days Step 1 | 30 | ❌ |
| Max Trading Days Step 2 | 60 | ❌ |
| Profit Split | 80% | 80%, up to 90% |
Capital Funding and Account Types:
Both the Funded Trading Plus Program and the E8 Funding Trading Program offer traders access to funded trading accounts. Funded Trading Plus provides a specified capital allocation based on the trader’s qualification, while E8 Funding offers three distinct account types: E8 Account, E8 Track, and ELEV8 Account, with varying capital limits. This allows traders in both programs to trade with real money and take advantage of market opportunities.
Trading Platforms:
Both programs provide access to popular and trusted trading platforms. Funded Trading Plus supports trading across various financial instruments, including stocks, forex, commodities, and indices. Meanwhile, E8 Funding offers access to industry-leading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), renowned for their user-friendly interfaces and advanced charting tools. These platforms empower traders to execute trades efficiently and effectively.
Evaluation Process and Audition:
To qualify for a funded trading account, both programs have evaluation processes tailored to each account type. Funded Trading Plus evaluates traders based on their trading performance, profitability, risk management, and consistency. E8 Funding, on the other hand, assesses traders through specific profit targets, minimum trading days, and drawdown limits. Both programs aim to identify traders with the potential to generate consistent profits.
Account Tiers and Growth Opportunities:
Funded Trading Plus offers multiple account tiers, including the Starter Account, Advanced Account, and Professional Account. These tiers cater to traders with varying experience levels and provide increasing capital allocation and profit-sharing percentages as traders progress. E8 Funding’s ELEV8 Account offers an exciting opportunity for traders to scale their funded account balance to $1,000,000 or more within a year, rewarding them for their consistent performance.
Risk Management and Support:
Both programs prioritize risk management to protect traders and the program itself. Funded Trading Plus implements strict risk controls, including maximum drawdown limits and position sizing guidelines. E8 Funding employs innovative risk scaling, allowing traders to balance risk and reward by scaling their overall drawdown up to 14%. Additionally, both programs offer support and resources to traders, including educational materials, personalized feedback, and a supportive community.
Profit-Sharing and Withdrawals:
In terms of profit-sharing, Funded Trading Plus operates on a profit-sharing model, where traders receive a percentage of their trading profits. E8 Funding offers an enticing 80/20 profit split, enabling traders to keep 80% of their profits and receive a full refund of their evaluation fees. Both programs provide opportunities for traders to withdraw their profits after meeting specific requirements.
Conclusion:
In conclusion, both the Funded Trading Plus Program and the E8 Funding Trading Program offer unique opportunities for traders to enhance their skills and access capital. Funded Trading Plus stands out with its flexible trading instruments, rigorous audition process, and multiple account tiers, catering to traders at different experience levels. E8 Funding impresses with its innovative risk scaling, attractive profit split arrangement, and scaling program for substantial growth potential. Ultimately, the choice between these two programs depends on individual preferences, trading goals, and risk appetite.
At WhichFunded, we aim to provide comprehensive insights and information to help traders make informed decisions in their trading journey. Remember to carefully evaluate your options and choose the program that aligns with your needs and aspirations.
