This comparison provides a detailed look at the trading rules and objectives between the E8 Funding Extended Program and the options offered by My Forex Funds, helping traders to understand the unique characteristics of each prop firm and how they align with different trading styles.
Trading Rules and Objectives: E8 Funding vs. My Forex Funds
Let’s explore the specific trading rules and objectives of E8 Funding’s Extended Program compared to My Forex Funds:
- Profit Objective for Phase 1:
- Both E8 Funding Extended Program and My Forex Funds: 8%
- Profit Objective for Phase 2:
- Both E8 Funding Extended Program and My Forex Funds: 5%
- Permitted Daily Loss:
- Both E8 Funding Extended Program and My Forex Funds: 5%
- Total Loss Limit:
- E8 Funding Extended Program: 10% (Adjustable to 14%)
- My Forex Funds: 12%
- Minimum Days of Trading: 5 Calendar Days for both E8 Funding Extended Program and My Forex Funds.
- Length of Trading Period: No Limit in Phase 1 & 2 for both E8 Funding Extended Program and My Forex Funds.
- Earnings Distribution:
- E8 Funding Extended Program: 80% Revenue Share
- My Forex Funds: 75%-90% Variable Share
This comparison between E8 Funding’s Extended Program and My Forex Funds provides traders with a clear understanding of each firm’s trading parameters, allowing them to make an informed decision based on which firm offers conditions that best match their trading approach and profit goals.