Comparing the key features and trading objectives of two leading prop trading firms, FundedNext and E8 Funding, reveals important differences that cater to diverse trader needs. This detailed analysis focuses on their profit targets, loss limits, trading period restrictions, and profit splits.
Trading Objectives and Requirements
Here’s how FundedNext and E8 Funding compare in their trading objectives and requirements:
- Phase 1 Profit Target: FundedNext sets a higher target at 10%, while E8 Funding aims for 8%.
- Phase 2 Profit Target: Both firms share a 5% target in Phase 2.
- Maximum Daily Loss: A 5% daily loss limit is consistent across both firms.
- Overall Maximum Loss: FundedNext has a 10% limit, whereas E8 Funding offers scalability up to 14% from an initial 8%.
- Minimum Trading Days: FundedNext requires 5 calendar days, in contrast to E8 Funding’s no minimum trading day policy.
- Maximum Trading Period: FundedNext limits Phase 1 to 30 days and Phase 2 to 60 days, while E8 Funding offers unlimited trading periods for both phases.
Profit Split and Incentives
Comparing their profit split arrangements:
- Profit Split: FundedNext starts with an 80% split, potentially increasing to 90%. E8 Funding maintains a steady 80% across all trading activities.
Summary of Differences
Both FundedNext and E8 Funding offer distinct advantages and conditions. FundedNext stands out with its higher potential profit split and specific trading objectives, while E8 Funding appeals with its flexibility in trading periods and adaptable loss limits. This comparison is crucial for traders to find the firm that best aligns with their trading style and goals, especially within the realm of their respective forex funded programs.
