Introduction
Welcome to WhichFunded, where we provide unbiased reviews and comparisons of funded trading programs to help traders make informed decisions. In this blog post, we will compare and contrast two popular trading programs: the Topstep Funded Trading Program and the E8 Funding Trading Program. As traders who have experienced both programs, we will provide insights into their key features, benefits, and overall effectiveness. Let’s dive in!
| Prop Firm Details | E8 Funding | TopStep |
| Year Founded | 2021 | 2010 |
| Maximum Balance | $1,000,000 | $150,000 |
| 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 | Two Step Evaluation |
| Trading Platforms | MT4 MT5 |
Web NinjaTrader Tradovate Rithmic Volfix ATAS Quantower TradeNavigator SierraChart MultiCharts MotiveWave RInvestor Bookmap |
| Trading Hours | Holding Overnight Holding Over Weekend |
❌ |
| Copy Trading | ❌ | ✅ |
| News Trading | ✅ | ✅ |
| EAs | ✅ | ✅ |
| Trust Pilot Rating⭐ | 4.7 / 5.0 | 4.9 / 5.0 |
| Trust Pilot Reviews | 814 | 1,558 |
| Payment Types | Wire Transfer Paylpal Neteller Crypto Payoneer Coinbase Revolut Wise |
Wire Transfer Paylpal Crypto Payoneer Coinbase Revolut Wise Credit Card |
| Two Step Rules | E8 Funding | TopStep |
| Profit Target Step 1 | 8% | 6% |
| Profit Target Step 2 | 5% | 6% |
| Max Daily Loss | ❌ | 2% |
| Max Daily Drawdown | 5% | ❌ |
| Max Loss | 8% | ❌ |
| Max Drawdown | ❌ | 3% – 4% |
| Min Trading Days Step 1 | ❌ | 5 |
| Min Trading Days Step 2 | ❌ | ❌ |
| Max Trading Days Step 1 | 30 | ❌ |
| Max Trading Days Step 2 | 60 | ❌ |
| Profit Split | 80% | 90% |
Program Structure and Evaluation Process
Both the Topstep Funded Trading Program and the E8 Funding Trading Program employ evaluation processes to assess traders’ skills and risk management abilities. Topstep’s Trading Combine® offers a simulated trading evaluation, while E8 Funding tailors its evaluation process to each account type. Both programs aim to identify talented traders and provide them with the opportunity to trade professionally.
Account Sizes and Capital
Topstep offers three different Trading Combine® account sizes, ranging from $50,000 to $150,000 in buying power. On the other hand, E8 Funding provides three distinct account types, allowing traders to choose an account size ranging from $25,000 to $250,000. E8 Funding also offers the ELEV8 Account, which allows traders to scale their funded account balance to $1,000,000 or more within a year.
Profit Split and Payout Policy
An attractive feature of both programs is the profit split arrangement. Topstep offers a 90/10 profit split, allowing traders to keep 100% of their first $10,000 in profits and 90% thereafter. E8 Funding offers an enticing 80/20 profit split, where traders keep 80% of their profits. Additionally, both programs have straightforward payout policies, ensuring traders receive their earnings on time.
Trading Platforms
Topstep provides access to a variety of trading platforms, including popular options like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). E8 Funding also offers access to the industry’s trusted trading platforms, such as MT4 and MT5. Traders in both programs can leverage these platforms’ advanced features and user-friendly interfaces to execute trades efficiently.
Risk Management and Support
Both programs emphasize risk management and provide support to their traders. Topstep encourages disciplined trading strategies and offers coaching sessions with experienced professionals. E8 Funding implements innovative risk scaling, allowing traders to balance risk and reward effectively. Both programs also offer customer support channels and educational resources to assist traders in their journey.
Conclusion
As traders who have experienced both the Topstep Funded Trading Program and the E8 Funding Trading Program, we have found that both programs have their strengths. Topstep stands out with its well-structured evaluation process, flexible account sizes, attractive profit split, and fast payouts. E8 Funding impresses with its innovative risk scaling, scaling opportunities, and comprehensive solution for traders. Ultimately, the choice between the two programs depends on individual preferences, trading goals, and the desired level of capital and support.
At WhichFunded, we aim to provide you with the necessary information to make an informed decision. We recommend thoroughly researching and considering your trading needs before choosing a funded trading program. Happy trading!
