In the realm of prop trading, understanding the differences between firms like Funding Pips and E8 Funding (Normal) is crucial for traders. This detailed comparison focuses on their trading objectives, highlighting both similarities and key differences.
Trading Objectives: Funding Pips vs. E8 Funding (Normal)
Here’s how they compare in their specific trading objectives:
- Phase 1 Profit Target: Both firms set an 8% target for Phase 1.
- Phase 2 Profit Target: They align with a 5% target for Phase 2.
- Maximum Daily Loss: Funding Pips allows up to 5% (scalable to 7%), similar to E8 Funding’s fixed 5%.
- Maximum Loss: Funding Pips sets a 10% limit (scalable to 14%), compared to E8 Funding’s scalable limit starting at 8%.
- Minimum Trading Days: Neither firm imposes a minimum trading day requirement.
- Maximum Trading Period: Both offer unlimited trading periods for both phases.
- Profit Split: Funding Pips offers a range from 80% to 90%, while E8 Funding maintains a steady 80%.
Unique Features of Funding Pips
Funding Pips stands out with its almost unrestricted approach to trading styles:
- Allows trading during news events.
- Permits holding positions overnight and over weekends.
- Enforces a strict no-hedging rule.
Conclusion
This comparative analysis provides insights into the offerings of Funding Pips and E8 Funding (Normal), helping traders make informed decisions that align with their strategies and goals, particularly in the competitive landscape of forex funded programs.
