In this comprehensive review, we delve into a detailed comparison between two prominent proprietary trading firms: E8 Funding and Finotive Funding. Our focus will be on their offerings, operational specifics, and overall value proposition for forex traders globally.
Company Overview: E8 Funding and Finotive Funding
E8 Funding, established in November 2021, and Finotive Funding, which began in April 2021, are both reputable proprietary trading firms. Dylan Elchami leads E8 Funding from Dallas, Texas, while Oliver Newland helms Finotive Funding in Budapest, Hungary. In terms of maximum allocation capital, E8 Funding offers up to $300,000, whereas Finotive Funding provides up to 3x 200,000, both with scaling plans.
Funding Program Options Comparison
E8 Funding and Finotive Funding cater to global forex traders with various funding programs. E8 Funding offers two-step and three-step evaluations, while Finotive Funding extends its offerings to include one-step evaluation and instant funding, in addition to the two-step evaluation.
Two-Step Evaluation: A Detailed Comparison
When comparing the two-step evaluation programs of E8 Funding and Finotive Funding, it’s crucial to consider trading rules and objectives. Key aspects include profit targets for phases 1 and 2, daily and overall drawdown limits, leverage options, minimum trading days, and profit split percentages. Both firms provide diverse options catering to different trading styles and risk appetites.
Pricing Structure for Account Sizes
The pricing for various account sizes under E8 Funding and Finotive Funding’s programs range significantly. It’s essential for traders to align their choice with their budget and trading strategy.
Brokers and Trading Platforms
Both firms offer access to renowned brokers and platforms, with E8 Funding partnering with Purple Trading Seychelles and providing MetaTrader 4 and 5, while Finotive Funding works with Finotive Markets and offers MetaTrader 5.
Trading Instruments Available
Another vital aspect is the range of trading instruments. Both firms offer forex pairs, commodities, indices, and cryptocurrencies, but only E8 Funding provides options in stocks.
Community Feedback and Trust
Trustpilot ratings reflect the community’s trust and satisfaction, with E8 Funding leading with a higher rating and a larger number of reviews compared to Finotive Funding.
Final Thoughts
Both E8 Funding and Finotive Funding present themselves as strong contenders in the proprietary trading firm space. The differences in their funding programs, trading conditions, pricing, and community feedback offer traders varied choices to suit their specific needs and preferences.
