Introduction:
As experienced traders who have had the opportunity to trade with OneUp Trader and E8 Funding, we at WhichFunded understand the importance of choosing the right funded trading program. In this blog post, we will provide a comprehensive comparison of these two firms, highlighting their key features, benefits, and overall trading experiences. Let’s dive in!
| Prop Firm Details | E8 Funding | OneUp Trader |
| Year Founded | 2021 | 2017 |
| Maximum Balance | $1,000,000 | $250,000 |
| 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 | 4.7 / 5.0 |
| Trust Pilot Reviews | 814 | 419 |
| Payment Types | Wire Transfer Paylpal Neteller Crypto Payoneer Coinbase Revolut Wise |
Wire Transfer Crypto |
Evaluation Process:
Both OneUp Trader and E8 Funding offer clear and attainable evaluation processes. Traders are provided with transparent guidelines and targets to showcase their trading skills. However, OneUp Trader’s evaluation process is simple and straightforward, allowing traders to demonstrate their abilities easily. On the other hand, E8 Funding’s evaluation process is tailored to each account type, ensuring a personalized approach for traders.
Account Options and Capital:
OneUp Trader offers a range of funded trading accounts, allowing traders to choose the account size that aligns with their goals. From $25,000 to $250,000, traders have flexibility in selecting the right account for their risk tolerance and trading strategies. On the other hand, E8 Funding provides three distinct account types, including the E8 Account, E8 Track, and ELEV8 Account, with varying capital sizes and growth opportunities. E8 Funding also offers the possibility of scaling the funded account balance to $1,000,000 or more within a year, providing traders with substantial growth potential.
Trading Platforms:
Both OneUp Trader and E8 Funding offer access to industry-leading trading platforms. OneUp Trader provides traders with a feature-rich trading platform, including a complimentary NinjaTrader license and advanced tools for informed trading decisions. E8 Funding offers access to the widely used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, known for their user-friendly interfaces and extensive range of technical indicators. Traders can leverage these platforms to execute trades efficiently and effectively.
Fees and Profit Split:
OneUp Trader stands out for its transparent fee structure, with no data fees or hidden charges. Traders can fully benefit from their profits without any additional costs. On the other hand, E8 Funding offers an attractive profit split arrangement, with traders keeping 80% of their profits and receiving a full refund of their evaluation fees. Additionally, E8 Funding allows for withdrawals after successful account management, with subsequent withdrawals increasing the trader’s drawdown by 1% with each withdrawal, up to a maximum of 14% overall.
Customer Support and Feedback:
Both OneUp Trader and E8 Funding prioritize customer satisfaction and provide reliable customer support. OneUp Trader offers 24/7 availability through phone, live chat, and email, ensuring prompt assistance for traders. E8 Funding also offers live customer support and a comprehensive Help Center. Traders have provided positive feedback for both programs, highlighting their transparency, support, and growth opportunities.
Conclusion:
In conclusion, both OneUp Trader and E8 Funding are reputable trading programs that empower traders with capital and support. OneUp Trader stands out for its user-friendly evaluation process, flexible account options, and comprehensive trading platform features. On the other hand, E8 Funding offers personalized evaluation processes, attractive profit splits, and the potential for substantial account growth. As traders, we have had positive experiences with both programs, and we encourage you to carefully consider your trading goals and preferences when choosing between them.
