Introduction:
In this blog post, we will provide a comprehensive comparison between two prominent funded trading programs: The Funded Trader Program and E8 Funding Trading Program. As traders who have experienced both programs, we aim to provide an unbiased analysis of their key features, benefits, and overall trading experience. Let’s dive into the details.
| Prop Firm Details | E8 Funding | The Funded Trader |
| Year Founded | 2021 | 2021 |
| Maximum Balance | $1,000,000 | $1,500,000 |
| Tradeable Assets | Forex Indices Metals Commodities Stocks Crypto |
Forex Indices Metals Commodities Crypto |
| Challenge Type | Two Step Evaluation | One-Step Evaluation Two Step Evaluation |
| Trading Platforms | MT4 MT5 |
MT4 MT5 |
| Trading Hours | Holding Overnight Holding Over Weekend |
Holding Overnight Holding Over Weekend |
| Copy Trading | ❌ | ❌ |
| News Trading | ✅ | ✅ |
| EAs | ✅ | ✅ |
| Trust Pilot Rating⭐ | 4.7 / 5.0 | 4.6 / 5.0 |
| Trust Pilot Reviews | 814 | 5,709 |
| Payment Types | Wire Transfer Paylpal Neteller Crypto Payoneer Coinbase Revolut Wise |
Paylpal Crypto Payoneer Coinbase Revolut Wise |
| Two Step Rules | E8 Funding | The Funded Trader |
| Profit Target Step 1 | 8% | 10% |
| Profit Target Step 2 | 5% | 5% |
| Max Daily Loss | ❌ | 6% |
| Max Daily Drawdown | 5% | ❌ |
| Max Loss | 8% | 12% |
| Max Drawdown | ❌ | ❌ |
| Min Trading Days Step 1 | ❌ | 3 |
| Min Trading Days Step 2 | ❌ | 3 |
| Max Trading Days Step 1 | 30 | 35 |
| Max Trading Days Step 2 | 60 | 60 |
| Profit Split | 80% | 80%, up to 90% |
Account Types and Capital:
Both programs offer multiple account types to cater to traders’ diverse needs. The Funded Trader Program provides trading accounts ranging from $5,000 to $400,000, while E8 Funding Trading Program offers three distinct account types: E8 Account, E8 Track, and ELEV8 Account, with account sizes ranging from $25,000 to $250,000. E8 Funding also allows for potential scaling of the funded account balance up to $1,000,000 or more within a year.
Evaluation Process:
Both programs implement an evaluation process to assess traders’ skills and suitability for funding. The Funded Trader Program follows a three-phase evaluation process, whereas the E8 Funding Trading Program tailors its evaluation process to each account type. Both programs set profit targets and impose certain trading requirements to progress through the evaluation phase successfully.
Risk Management:
Both programs emphasize the importance of risk management. The Funded Trader Program requires traders to maintain their equity above 90% of the initial account balance, while the E8 Funding Trading Program implements innovative risk scaling, allowing traders to balance risk and reward by scaling their overall drawdown up to 14%.
Profit Split and Withdrawals:
The Funded Trader Program offers up to a 90% profit split for funded traders, depending on their performance and scaling plan. E8 Funding Trading Program, on the other hand, provides an enticing 80/20 profit split, allowing traders to keep 80% of their profits. Both programs offer refundable evaluation fees, and traders can make withdrawals after meeting specific criteria.
Trading Platforms:
Both programs provide access to popular and trusted trading platforms. The Funded Trader Program supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while the E8 Funding Trading Program offers access to MT4 and MT5 as well. These platforms are known for their user-friendly interfaces, advanced charting tools, and extensive range of technical indicators.
Customer Support and Feedback:
Both programs demonstrate a commitment to customer satisfaction. The Funded Trader Program offers 24/7 access to a supportive community through Discord, where traders can interact with fellow traders and seek guidance. E8 Funding Trading Program provides live customer support through its website and offers a comprehensive Help Center. Both programs have received positive feedback from traders, highlighting their transparency, support, and growth opportunities.
Conclusion:
Both The Funded Trader Program and E8 Funding Trading Program offer aspiring traders the opportunity to access substantial trading capital and establish themselves as professional traders. While the Funded Trader Program follows a three-phase evaluation process and offers a profit split of up to 90%, the E8 Funding Trading Program tailors its evaluation process to each account type and provides an 80/20 profit split. Both programs emphasize risk management and provide access to popular trading platforms. Ultimately, the choice between these programs depends on individual preferences and trading goals.
Disclaimer: The information provided in this blog post is based on our experience and research. Traders should conduct their due diligence and consider their circumstances before choosing a funded trading program.
