Introduction:
As traders, we understand the importance of finding the right funded trading program that aligns with our goals and provides the resources and support necessary to succeed. In this blog post, we will compare two prominent trading programs, E8 Funding and FundedNext, to help you make an informed decision about which program is best suited for your trading aspirations.
| Prop Firm Details | Funded Next | E8 Funding |
| Year Founded | 2022 | 2021 |
| Maximum Balance | $4,000,000 | $1,000,000 |
| Tradeable Assets | Equity Futures Forex Energy Metals Interest Rate Futures |
Forex Indices Metals Commodities Stocks Crypto |
| Challenge Type | One-Step Evaluation Two Step Evaluation |
Two Step Evaluation |
| Trading Platforms | MT4 | MT4 MT5 |
| Trading Hours | Holding Overnight Holding Over Weekend |
Holding Overnight Holding Over Weekend |
| Copy Trading | ✅ | ❌ |
| News Trading | ❌ | ✅ |
| EAs | ✅ | ✅ |
| Trust Pilot Rating⭐ | 4.6 / 5.0 | 4.7 / 5.0 |
| Trust Pilot Reviews | 3,923 | 814 |
| Payment Types | Wire Transfer Paylpal Crypto Payoneer Coinbase Revolut Wise |
Wire Transfer Paylpal Neteller Crypto Payoneer Coinbase Revolut Wise |
| Two Step Rules | FundedNext | E8 Funding |
| Profit Target Step 1 | 10% | 8% |
| Profit Target Step 2 | 5% | 5% |
| Max Daily Loss | 5% | ❌ |
| Max Daily Drawdown | 5% | 5% |
| Max Loss | 10% | 8% |
| Max Drawdown | 10% | ❌ |
| Min Trading Days Step 1 | 5 | ❌ |
| Min Trading Days Step 2 | 5 | ❌ |
| Max Trading Days Step 1 | 30 | 30 |
| Max Trading Days Step 2 | 60 | 60 |
| Profit Split | 80%, up to 90% | 80% |
Account Types and Capital:
Both E8 Funding and FundedNext offer multiple account types to cater to traders with varying levels of experience and trading goals. E8 Funding provides three distinct account types: E8 Account, E8 Track, and ELEV8 Account, while FundedNext offers funding models such as the Evaluation Model, Express Model, and Stellar Challenge. These different account types and funding models allow traders to choose the one that best suits their trading style and objectives.
Evaluation Process and Risk Management:
When it comes to the evaluation process, E8 Funding and FundedNext have their unique approaches. E8 Funding requires traders to pass through an evaluation process tailored to each account type, which involves meeting specific profit targets, minimum trading days, and maintaining drawdown limits. On the other hand, FundedNext’s evaluation process consists of a two-phase approach where traders showcase their skills and meet realistic profit targets. Both programs emphasize risk management by implementing drawdown limits and innovative risk scaling techniques.
Profit Split and Withdrawals:
Profit sharing is an important aspect of funded trading programs, and both E8 Funding and FundedNext offer attractive profit split arrangements. E8 Funding provides an 80/20 profit split, allowing traders to keep 80% of their profits. FundedNext, on the other hand, offers profit sharing of up to 15% from the profit traders make during the challenge phases. Withdrawal policies differ slightly between the two programs, with E8 Funding allowing withdrawals after successful account management for 8 days, while FundedNext has no time limit for withdrawals.
Scaling and Growth Opportunities:
E8 Funding’s ELEV8 Account presents an exciting opportunity for traders to scale their funded account balance to $1,000,000 or more within a year. Traders can steadily increase their account balance based on their profits, even after withdrawing their profit split. FundedNext also provides opportunities for growth and progress, with traders having the potential to increase their profit split based on performance. Both programs offer scalability and rewards for consistent performance.
Trading Platforms and Support:
E8 Funding and FundedNext offer access to trusted trading platforms, such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), known for their user-friendly interfaces and advanced charting tools. Traders can leverage these platforms to execute trades efficiently. In terms of support, both programs demonstrate a commitment to customer satisfaction. E8 Funding offers live customer support through their website and provides a comprehensive Help Center. FundedNext also provides support and resources to traders through their platform.
Conclusion:
In conclusion, both E8 Funding and FundedNext are reputable funded trading programs that offer traders the opportunity to access capital and pursue their trading careers. The choice between the two programs depends on individual preferences, trading style, and goals. We recommend thoroughly evaluating the account types, evaluation processes, profit sharing arrangements, growth opportunities, trading platforms, and support services offered by each program to make an informed decision. Remember, finding the right funded trading program is crucial for your trading journey, and both E8 Funding and FundedNext provide comprehensive platforms to empower traders worldwide.
