Introduction:
In today’s blog post, we will compare two renowned funded trading programs: Elite Trader Funding Program and E8 Funding Trading Program. As traders who have experienced both programs, we will provide an unbiased analysis of their key features, benefits, and overall trading experience. Let’s dive in!
| Prop Firm Details | E8 Funding | Elite Trader Funding |
| Year Founded | 2021 | N/A |
| Maximum Balance | $1,000,000 | $300,000 |
| Tradeable Assets | 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 |
| Trading Platforms | MT4 MT5 |
NinjaTrader Tradovate Rithmic |
| Trading Hours | Holding Overnight Holding Over Weekend |
❌ |
| Copy Trading | ❌ | ❌ |
| News Trading | ✅ | ✅ |
| EAs | ✅ | ✅ |
| Trust Pilot Rating⭐ | 4.7 / 5.0 | 4.0 / 5.0 |
| Trust Pilot Reviews | 814 | 82 |
| Payment Types | Wire Transfer Paylpal Neteller Crypto Payoneer Coinbase Revolut Wise |
Wire Transfer Paypal Crypto Credit Card Payoneer Coinbase Revolut Wise |
Evaluation Options:
Elite Trader Funding Program offers a range of evaluation options, including 1 Step Evaluations, EOD Drawdown Evaluations, and Fast Track Evaluations. These options cater to different trading styles and experience levels, providing flexibility for traders to choose what aligns with their goals and risk tolerance. On the other hand, E8 Funding Trading Program implements an evaluation process tailored to each account type, ensuring traders meet specific profit targets, minimum trading days, and drawdown limits.
Trading Rules:
Elite Trader Funding Program keeps its trading rules simple. Traders are primarily required to prove their ability to profit, avoid excessive drawdown, and trade for a minimum number of days. This approach allows traders to focus on honing their trading skills and seizing opportunities in the markets. Similarly, the E8 Funding Trading Program emphasizes risk management by implementing innovative risk scaling, striking a balance between risk and reward for traders.
Supported Markets and Instruments:
Elite Trader Funding Program offers support for a wide range of markets, including futures trading. Traders can trade popular instruments within these markets, as listed on the program’s website. However, it’s important to note that instrument availability may vary across different trading platforms. E8 Funding Trading Program focuses on Forex and CFD trading, providing traders with access to capital and the industry’s most trusted trading platforms, such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
Profit-Sharing and Scaling Opportunities:
Elite Trader Funding Program stands out with its generous profit-sharing model. Traders keep 100% of their first $12,500 in profits and retain 90% of all profits thereafter. This arrangement incentivizes consistent profitability and offers traders the chance to trade larger accounts with increased profit targets once qualified. On the other hand, the E8 Funding Trading Program offers an enticing 80/20 profit split, allowing traders to keep 80% of their profits and receive a full refund of their evaluation fees. Moreover, the ELEV8 Account in E8 Funding provides traders with the opportunity to scale their funded account balance to $1,000,000 or more within a year.
Evaluation Resets and Support:
Both programs acknowledge that traders may face temporary setbacks or drawdowns, offering evaluation resets for a fee. Elite Trader Funding Program allows traders to purchase a reset for $75, providing them with the flexibility to recover and improve their performance. E8 Funding Trading Program focuses on customer satisfaction by offering live customer support through its website and providing a comprehensive Help Center with frequently asked questions and additional resources.
Conclusion:
In conclusion, both the Elite Trader Funding Program and the E8 Funding Trading Program offer unique opportunities for traders to access capital and trade professionally. Elite Trader Funding Program excels with its variety of evaluation options, flexible trading rules, and generous profit-sharing terms. On the other hand, the E8 Funding Trading Program stands out with its transparent evaluation process, innovative risk scaling, and attractive profit split arrangement. Whether you are a seasoned trader or just starting your trading journey, both programs provide comprehensive solutions to empower traders to thrive in their respective markets.
Disclaimer: The opinions expressed in this blog post are based on our experience as traders and should not be considered financial advice. We recommend conducting thorough research and seeking professional guidance before making any investment decisions.
