In this comprehensive analysis, we put two prominent proprietary trading firms, E8 Funding and Alpha Capital Group, head-to-head. Our goal is to unravel their offerings and features, providing a clear picture for forex traders worldwide.
Company Overview
Let’s begin by examining the foundational details of these firms:
- Incorporation: Both E8 Funding and Alpha Capital Group were established in November 2021.
- Leadership: Dylan Elchami is at the forefront of E8 Funding, while George Kohler leads Alpha Capital Group.
- Headquarters: E8 Funding operates from Dallas, Texas, in contrast to Alpha Capital Group’s base in London, UK.
- Capital Allocation: E8 Funding offers a maximum of $300,000, while Alpha Capital Group extends up to $400,000 for traders.
Both firms are recognized for their credibility and scalable funding options.
Funding Program Exploration
An insight into the funding programs they provide:
- E8 Funding presents a choice between two-step and three-step evaluations.
- Alpha Capital Group focuses exclusively on a two-step evaluation program.
Let’s delve into the specifics of their two-step evaluations.
Two-Step Evaluation: Comparative Analysis
Comparing the trading rules and objectives of each firm:
- Profit Targets and Drawdowns: Both firms have set similar profit targets and drawdown limits, though with slight variations in the overall drawdown.
- Leverage: E8 Funding offers 1:50 leverage, while Alpha Capital Group provides a higher leverage of 1:100.
- Minimum Trading Days: E8 Funding imposes no minimum trading days, compared to Alpha Capital Group’s 3-day requirement.
- Profit Split: Both firms offer an 80% profit split to traders.
This breakdown helps in understanding the trading environment of each firm.
Pricing Comparison
A look at the pricing for various account sizes:
- Account sizes range from $10,000 to $250,000, with each firm adopting different pricing strategies.
- E8 Funding and Alpha Capital Group cater to a diverse array of traders through their tailored pricing models.
Brokers & Trading Platforms
Exploring the brokers and trading platforms affiliated with each firm:
- E8 Funding works with Purple Trading Seychelles, while Alpha Capital Group partners with ACG Markets.
- While both firms use MetaTrader platforms, Alpha Capital Group additionally offers cTrader.
Trading Instruments Offered
Assessing the trading instruments available with each firm:
- Both firms support trading in Forex pairs, commodities, and indices.
- E8 Funding additionally offers stocks and cryptocurrencies, which are not available with Alpha Capital Group.
Community Feedback and Reputation
Evaluating the community feedback based on Trustpilot reviews:
- E8 Funding boasts a 4.7/5 rating from 1,376 reviews, indicating its popularity and trust within the trading community.
- Alpha Capital Group also holds a 4.7/5 rating but from a smaller pool of 545 reviews.
This feedback showcases E8 Funding as the more popular choice among traders.
Conclusion
In conclusion, both E8 Funding and Alpha Capital Group stand out as robust choices for proprietary trading firms, each with its set of strengths. The comparison reveals key differences in trading rules, objectives, pricing, and available trading instruments. Additionally, E8 Funding’s offering of a three-step evaluation alongside the two-step evaluation provides more options for traders compared to Alpha Capital Group’s sole focus on a two-step evaluation. This comprehensive analysis is intended to guide traders in making an informed choice between these two esteemed firms.
