Introduction:
In the competitive world of funded trading programs, traders often seek reliable and reputable platforms that offer them the opportunity to access capital and trade professionally. In this comparison blog post, we will explore the key features, benefits, and overall experiences of two prominent firms: TopTier Trader Funded Trading Program and E8 Funding Trading Program. Join us as we delve into these programs and provide insights based on our knowledge and expertise at WhichFunded.
| Prop Firm Details | E8 Funding | TopTier Trader |
| Year Founded | 2021 | 2021 |
| Maximum Balance | $1,000,000 | $300,000 |
| Tradeable Assets | Forex Indices Metals Commodities Stocks Crypto |
Forex Indices Metals Commodities Crypto |
| Challenge Type | Two Step Evaluation | Two Step Evaluation |
| Trading Platforms | MT4 MT5 |
MT4 |
| Trading Hours | Holding Overnight Holding Over Weekend |
Holding Overnight Holding Over Weekend |
| Copy Trading | ❌ | ❌ |
| News Trading | ✅ | ✅ |
| EAs | ✅ | ✅ |
| Trust Pilot Rating⭐ | 4.7 / 5.0 | 4.8 / 5.0 |
| Trust Pilot Reviews | 814 | 2,575 |
| Payment Types | Wire Transfer Paylpal Neteller Crypto Payoneer Coinbase Revolut Wise |
Crypto Credit Card |
| Two Step Rules | E8 Funding | TopTier Trader |
| Profit Target Step 1 | 8% | 10% |
| Profit Target Step 2 | 5% | 5% |
| Max Daily Loss | ❌ | ❌ |
| Max Daily Drawdown | 5% | 5% |
| Max Loss | 8% | 10% |
| Max Drawdown | ❌ | ❌ |
| Min Trading Days Step 1 | ❌ | 4 |
| Min Trading Days Step 2 | ❌ | 4 |
| Max Trading Days Step 1 | 30 | 40 |
| Max Trading Days Step 2 | 60 | 60 |
| Profit Split | 80% | 80%, up to 90% |
Evaluation Process and Funding Opportunities:
Both TopTier Trader and E8 Funding employ a rigorous evaluation process to identify experienced traders who possess the desired expertise. These evaluations involve meeting specific trading objectives, growing the trading account to reach target amounts, achieving targets within set time limits, and adhering to trading rules. Successful completion of the evaluation grants traders a placement in their respective proprietary trading firms.
Account Flexibility and Growth:
TopTier Trader offers flexibility and continuous growth opportunities for traders through their scaling plan. Traders can remotely manage funds and steadily increase their trading accounts as they maintain profitability, minimize losses, and demonstrate trading consistency and discipline. On the other hand, E8 Funding provides traders with three distinct account types, allowing them to choose an account size based on their trading goals and experience. They also offer the exciting opportunity to scale their funded account balance to $1,000,000 or more within a year through their ELEV8 Account.
Trading Platforms:
TopTier Trader provides access to their proprietary trading platform, which is designed to meet the specific needs of their traders. E8 Funding, on the other hand, offers access to the industry’s most trusted trading platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are renowned for their user-friendly interfaces, advanced charting tools, and extensive range of technical indicators, enabling traders to execute trades efficiently and effectively.
Risk Management and Profit Split:
Both programs prioritize risk management. TopTier Trader emphasizes maintaining drawdown limits, while E8 Funding implements innovative risk scaling, allowing traders to scale their overall drawdown up to 14%. When it comes to profit split arrangements, TopTier Trader and E8 Funding offer enticing packages. TopTier Trader provides a profit split arrangement based on a trader’s performance, while E8 Funding offers an attractive 80/20 profit split, where traders keep 80% of their profits and receive a full refund of their evaluation fees.
Supportive Community and Resources:
TopTier Trader fosters a supportive community for traders through its Discord channel, blog, comprehensive FAQ section, and dedicated help center. E8 Funding also demonstrates a commitment to customer support by offering live customer support through their website and providing a comprehensive Help Center. Both programs aim to provide traders with the resources and guidance they need to succeed.
Conclusion:
In conclusion, both the TopTier Trader Funded Trading Program and E8 Funding Trading Program offer driven traders the opportunity to access significant funding and trade professionally. While TopTier Trader emphasizes flexibility, continuous growth, and their proprietary trading platform, E8 Funding provides a range of account types, access to trusted trading platforms, and the opportunity for substantial account scaling. Traders can choose the program that aligns best with their trading goals and preferences. Whether you seek a supportive community, transparent evaluation process, or attractive profit split arrangement, both TopTier Trader and E8 Funding have their unique offerings for traders to thrive in the dynamic world of trading.
