This article delves into a detailed comparison between two significant players in the forex proprietary trading firm arena: E8 Funding and Fidelcrest. We aim to present a thorough analysis, focusing on what these firms offer to forex traders globally.
Company Profile Insights
An overview of the foundational aspects of E8 Funding and Fidelcrest:
- Incorporation: E8 Funding was established in November 2021, while Fidelcrest has been operational since September 2018.
- Leadership: Dylan Elchami leads E8 Funding, with Jussi Hallikas at the helm of Fidelcrest.
- Headquarters: E8 Funding is based in Dallas, Texas, contrasting with Fidelcrest’s location in Nicosia, Cyprus.
- Capital Allocation: Maximum allocation with E8 Funding reaches $300,000, whereas Fidelcrest extends up to 2x $1,000,000 for traders.
Both firms are recognized for their trustworthiness and robust funding programs.
Funding Program Varieties
A look at the funding programs offered by each firm:
- E8 Funding features both two-step and three-step evaluations.
- Fidelcrest, on the other hand, focuses solely on the two-step evaluation.
Next, we compare the specifics of their two-step evaluation processes.
Two-Step Evaluation: A Comparative Overview
Breaking down the trading rules and objectives for each firm:
- Profit Targets: Both firms set diverse profit targets in their standard and aggressive plans.
- Drawdown Limits: Daily and overall drawdown limits are in place, with Fidelcrest offering more aggressive options.
- Leverage: Leverage ranges from 1:50 to 1:200, varying between the firms and plans.
- Minimum Trading Days: E8 Funding and Fidelcrest provide different requirements, enhancing trader flexibility.
- Profit Splits: The firms offer attractive profit splits, with Fidelcrest going up to 90% in certain scenarios.
This detailed comparison gives an insight into each firm’s trading conditions.
Pricing Structure for Account Sizes
Examining the pricing for different account sizes:
- Account sizes range from $15,000 to $1,000,000, with each firm offering distinct pricing models.
- Both E8 Funding and Fidelcrest cater to a wide array of trader preferences through their pricing strategies.
Brokers & Trading Platforms
Exploring the broker partnerships and trading platforms:
- E8 Funding works with Purple Trading Seychelles, while Fidelcrest collaborates with Foreign Exchange Clearing House.
- MetaTrader 4 and MetaTrader 5 are the common platforms used by both firms.
Available Trading Instruments
Comparing the trading instruments offered by E8 Funding and Fidelcrest:
- Both firms provide a variety of instruments including Forex pairs, commodities, indices, stocks, and cryptocurrencies.
Community Feedback and Ratings
Assessing community feedback based on Trustpilot reviews:
- E8 Funding has secured a rating of 4.7/5 from 1,376 reviews.
- Fidelcrest follows closely with a rating of 4.6/5 from 1,260 reviews.
This feedback positions E8 Funding slightly ahead in terms of popularity within the trading community.
Conclusion
In summary, both E8 Funding and Fidelcrest present as excellent choices for proprietary trading firms, each with its unique strengths. The comparison showcases notable differences in trading rules, objectives, pricing, and community feedback. The choice of funding program options is a key differentiator, with E8 Funding offering both two-step and three-step evaluations, whereas Fidelcrest focuses on the two-step model. This comprehensive analysis serves as a valuable guide for traders in making an informed decision between these two firms.
