Introduction:
Welcome to WhichFunded’s comprehensive comparison of two renowned funded trading programs: The Trading Pit Program and E8 Funding Trading Program. As experienced traders, we have had the opportunity to trade with both firms and gain valuable insights into their features, benefits, and overall trading experiences. In this blog post, we will delve into the key aspects of each program, highlighting their similarities and differences to help you make an informed decision about which program aligns best with your trading goals.
| Prop Firm Details | E8 Funding | The Trading Pit |
| Year Founded | 2021 | 2021 |
| Maximum Balance | $1,000,000 | $5,000,000 |
| Tradeable Assets | Forex Indices Metals Commodities Stocks Crypto |
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 Two Step Evaluation |
| Trading Platforms | MT4 MT5 |
MT4 MT5 Rithmic Volfix ATAS Quantower SierraChart Bookmap 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 | 98 |
| Payment Types | Wire Transfer Paylpal Neteller Crypto Payoneer Coinbase Revolut Wise |
Wire Transfer Crypto Credit Card Binance |
| Two Step Rules | E8 Funding | The Trading Pit |
| Profit Target Step 1 | 8% | 6% |
| Profit Target Step 2 | 5% | 4% |
| Max Daily Loss | ❌ | 3% + 2% |
| Max Daily Drawdown | 5% | ❌ |
| Max Loss | 8% | ❌ |
| Max Drawdown | ❌ | 8% + 6% |
| Min Trading Days Step 1 | ❌ | 7 |
| Min Trading Days Step 2 | ❌ | 7 |
| Max Trading Days Step 1 | 30 | 90 (total) |
| Max Trading Days Step 2 | 60 | 90 (total) |
| Profit Split | 80% | 60%, up to 80% |
1. Account Types and Capital:
Both The Trading Pit and E8 Funding offer multiple account types to cater to traders with different experience levels and trading goals. The Trading Pit provides futures and forex accounts, while E8 Funding offers E8, E8 Track, and ELEV8 accounts. Both firms allow traders to choose their account size within specific ranges, granting access to substantial capital for trading.
2. Trading Platforms:
The Trading Pit and E8 Funding prioritize providing traders with access to reliable and popular trading platforms. The Trading Pit offers a proprietary platform with advanced technology and a robust infrastructure. On the other hand, E8 Funding grants access to the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, known for their user-friendly interfaces and comprehensive trading tools.
3. Evaluation Process and Risk Management:
To become a funded trader with either program, traders must pass through an evaluation process that assesses their trading skills and ability to manage risk. The Trading Pit and E8 Funding have their evaluation criteria, which may include meeting profit targets, maintaining drawdown limits, and fulfilling minimum trading requirements. Both firms employ risk management techniques to strike a balance between risk and reward for their traders.
4. Profit Split and Withdrawals:
Once traders complete the evaluation process, they become eligible for a profit split arrangement. The Trading Pit offers a profit split of up to 80%, while E8 Funding provides an enticing 80/20 profit split. Both firms have specific rules for withdrawals, allowing traders to withdraw their profits after a certain duration. Additionally, E8 Funding implements a drawdown increase with each withdrawal, up to a maximum limit, providing traders with scaling and growth opportunities.
5. Tradable Assets:
The Trading Pit and E8 Funding offer traders a diverse range of tradable assets. The Trading Pit covers currency, commodity, stock market, and interest rate instruments, allowing traders to access popular assets across these categories. Similarly, E8 Funding provides traders with opportunities to trade Forex and CFDs, enabling access to a wide range of currency pairs, commodities, and other financial instruments.
6. Fees and Restrictions:
Both programs have transparent fee structures, with The Trading Pit and E8 Funding charging evaluation fees based on the chosen account type. The Trading Pit does not impose additional fees for payments or withdrawals, while E8 Funding may have intermediary transaction fees. Regarding trading restrictions, both firms allow traders to engage in various trading activities such as hedging, scalping, and utilizing Expert Advisors (EAs), albeit with certain guidelines and expectations.
Conclusion:
In conclusion, both The Trading Pit Program and E8 Funding Trading Program offer compelling opportunities for traders seeking funded trading options. While The Trading Pit excels in providing advanced technology, comprehensive resources, and a supportive community, E8 Funding stands out with its innovative risk scaling and scaling and growth opportunities. Ultimately, the choice between these programs depends on your specific preferences and trading style. We encourage you to thoroughly evaluate their features and consider your trading goals before making a decision.
