Introduction:
As traders who have experienced the Apex Trader Funding and E8 Funding trading programs, we at WhichFunded understand the importance of finding the right opportunity to access capital and trade professionally. In this blog post, we will provide you with a detailed comparison of these two firms, highlighting their key features, benefits, and considerations. Let’s dive in!
| Prop Firm Details | E8 Funding | Apex Trader Funding |
| Year Founded | 2021 | 2021 |
| Maximum Balance | $1,000,000 | $300,000 |
| Tradeable Assets | Forex Indices Metals Commodities Stocks Crypto |
Equity Futures Forex Futures Agricultural Futures Energy Futures Interest Rate Futures Metals Futures Crypto Futures |
| Challenge Type | Two Step Evaluation | One-Step Evaluation |
| Trading Platforms | MT4 MT5 |
Web NinjaTrader Tradovate Rithmic Volfix ATAS Quantower Sierra Chart MotiveWave Bookmap X-Ray Jigsaw Daytradr |
| Trading Hours | Holding Overnight Holding Over Weekend |
❌ |
| Copy Trading | ❌ | ❌ |
| News Trading | ✅ | ❌ |
| EAs | ✅ | ❌ |
| Trust Pilot Rating⭐ | 4.7 / 5.0 | 4.8 / 5.0 |
| Trust Pilot Reviews | 814 | 2,122 |
| Payment Types | Wire Transfer Paylpal Neteller Crypto Payoneer Coinbase Revolut Wise |
Credit Card |
Account Types and Capital:
Both Apex Trader Funding and E8 Funding offer multiple account options to cater to traders’ diverse needs. Apex Trader Funding provides traders with various starting capital and profit goals, allowing them to choose an account that aligns with their objectives. On the other hand, E8 Funding offers three distinct account types, each with different capital requirements, enabling traders to select an account size based on their trading goals and experience.
Trading Platforms:
When it comes to trading platforms, both firms offer access to popular and reliable platforms. Apex Trader Funding allows traders to trade full-sized contracts using their platform, allowing them to take advantage of larger market moves. E8 Funding provides access to the widely recognized MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, known for their user-friendly interfaces and advanced charting tools.
Evaluation Process and Risk Management:
The evaluation process plays a crucial role in both programs. Apex Trader Funding emphasizes a quick qualification process, allowing traders to start trading with the provided capital promptly. E8 Funding implements an evaluation process tailored to each account type, ensuring traders meet specific profit targets, trading days, and drawdown limits. Both firms prioritize risk management, providing traders with structured approaches to minimize potential losses.
Profit Sharing and Withdrawals:
Upon successful evaluation, traders in both programs become eligible for profit-sharing arrangements. Apex Trader Funding offers traders the opportunity to receive funding and keep a significant portion of their profits, with the potential to receive 100% of the first $25,000 per account. E8 Funding provides an enticing 80/20 profit split, allowing traders to keep 80% of their profits and receive a refund of their evaluation fees. Withdrawal processes differ between the two firms, with each having specific timeframes and conditions.
Considerations:
While both programs offer compelling opportunities, it’s essential to consider certain factors. Apex Trader Funding requires traders to pay a monthly subscription fee, adding to the overall cost of participation. Additionally, Apex Trader Funding restricts certain news trading strategies, which may limit trading approaches. On the other hand, E8 Funding automatically increases a trader’s drawdown with each withdrawal, which may affect risk management strategies.
Conclusion:
In conclusion, both Apex Trader Funding and E8 Funding trading programs provide appealing opportunities for traders to access capital and trade professionally. Apex Trader Funding stands out for its simplicity, flexibility, and emphasis on risk management. E8 Funding offers innovative risk scaling, attractive profit-sharing arrangements, and growth opportunities. As traders, it’s crucial to evaluate your trading goals, preferences, and risk tolerance when deciding which program aligns best with your needs.
