This article provides a detailed comparison between two distinguished proprietary trading firms, E8 Funding and FTMO. We aim to dissect their offerings and benefits for forex traders around the globe.
Company Fundamentals
Starting with a brief overview of both firms:
- Inception: E8 Funding was established in November 2021, while FTMO has been operational since September 2015.
- Leadership: Dylan Elchami heads E8 Funding, and Otakar Suffner is the CEO of FTMO.
- Location: E8 Funding is based in Dallas, Texas, contrasting FTMO’s headquarters in Prague, Czech Republic.
- Maximum Funding: E8 Funding offers up to $300,000, whereas FTMO extends up to $400,000 in capital to traders.
Both firms are noted for their reliability and scalable funding plans.
Funding Program Comparison
A closer look at their funding programs:
- E8 Funding provides traders with both two-step and three-step evaluations.
- FTMO, on the other hand, focuses solely on a two-step evaluation.
Let’s delve into the specifics of their two-step evaluation programs.
Two-Step Evaluation: A Detailed Analysis
Examining the trading rules and objectives of each firm:
- Profit Targets & Drawdowns: Both firms set similar profit targets with slight variations in drawdown limits.
- Leverage: E8 Funding offers 1:50 leverage, while FTMO provides a range from 1:30 up to 1:100.
- Minimum Trading Days: E8 Funding imposes no minimum trading days, compared to FTMO’s 4-day requirement.
- Profit Split: Both firms offer an 80% profit split, with FTMO offering up to 90% in some cases.
This comparison helps traders understand each firm’s trading conditions and opportunities.
Pricing for Account Sizes
Reviewing the pricing structures for different account sizes:
- Account sizes range from $10,000 to $250,000, with each firm having its unique pricing approach.
- E8 Funding and FTMO cater to a wide range of traders through their varied pricing models.
Brokers & Trading Platforms
Exploring the broker associations and trading platforms used by each firm:
- E8 Funding collaborates with Purple Trading Seychelles, whereas FTMO partners with a Tier-1 Liquidity Provider.
- Both firms utilize MetaTrader 4 and MetaTrader 5, with FTMO additionally offering cTrader and DXtrade.
Trading Instruments
Comparing the trading instruments available with each firm:
- Both E8 Funding and FTMO offer Forex pairs, commodities, indices, stocks, and cryptocurrencies.
- FTMO uniquely provides bonds as an additional trading instrument.
Community Feedback and Ratings
Analyzing the community feedback based on Trustpilot reviews:
- E8 Funding has earned a rating of 4.7/5 from 1,376 reviews, indicating its strong reputation.
- FTMO stands out with a higher rating of 4.8/5 from a significant 5,999 reviews, showcasing its popularity and trust within the trading community.
This data reflects FTMO’s greater prominence in the trading world.
Conclusion
In conclusion, E8 Funding and FTMO each present as outstanding choices for proprietary trading firms, with distinct advantages in terms of trading rules, objectives, pricing, and community feedback. While E8 Funding offers the flexibility of a two-step and a three-step evaluation, FTMO focuses on a comprehensive two-step evaluation. This thorough comparison serves as a valuable guide for traders in making an informed decision between these two reputable firms.
