This article presents an in-depth comparison between E8 Funding and Funded Trading Plus, two significant proprietary trading firms. Our aim is to explore and contrast what each firm offers to forex traders worldwide.
Company Backgrounds
Let’s start by examining the basic details of both firms:
- Establishment: Both E8 Funding and Funded Trading Plus were incorporated in November 2021.
- Leadership: Dylan Elchami leads E8 Funding, while Simon Massey is at the helm of Funded Trading Plus.
- Headquarters: E8 Funding is based in Dallas, Texas, contrasting Funded Trading Plus’s location in London, UK.
- Maximum Funding: E8 Funding offers up to $300,000, while Funded Trading Plus allows traders to manage up to 2x $200,000.
Both firms are known for their reliability and scalable funding plans.
Funding Program Analysis
A closer look at their funding programs:
- E8 Funding provides two-step and three-step evaluations for traders.
- Funded Trading Plus offers a one-step evaluation, two two-step evaluations, and an instant funding program.
Now, let’s delve into the specifics of their two-step evaluation programs.
Two-Step Evaluation: Comparative Overview
Comparing the trading rules and objectives:
- Profit Targets and Drawdowns: Both firms have set profit targets and drawdown limits, with Funded Trading Plus offering trailing drawdowns.
- Leverage: E8 Funding offers 1:50 leverage, while Funded Trading Plus provides 1:30 leverage.
- Minimum Trading Days: E8 Funding imposes no minimum trading days, in contrast to Funded Trading Plus’s varied requirements.
- Profit Split: Both firms start with an 80% profit split, with Funded Trading Plus offering up to 90% under certain conditions.
This detailed comparison helps traders understand the trading environment of each firm.
Pricing for Account Sizes
Examining the pricing for various account sizes:
- Account sizes range from $25,000 to $250,000, with each firm offering different pricing strategies.
- E8 Funding and Funded Trading Plus cater to a wide range of traders through their pricing models.
Brokers & Trading Platforms
Exploring the broker partnerships and trading platforms used:
- E8 Funding collaborates with Purple Trading Seychelles, while Funded Trading Plus works with Eightcap.
- Both firms utilize MetaTrader 4 and MetaTrader 5 platforms.
Trading Instruments Offered
Comparing the trading instruments available:
- Both firms provide options for trading Forex pairs, commodities, indices, and cryptocurrencies.
- E8 Funding additionally offers stocks, an option not available with Funded Trading Plus.
Community Feedback and Reputation
Analyzing community feedback based on Trustpilot reviews:
- E8 Funding has a rating of 4.7/5 from 1,376 reviews, indicating strong trust among traders.
- Funded Trading Plus boasts a higher rating of 4.9/5 from 1,788 reviews, showcasing its popularity in the trading community.
This feedback highlights Funded Trading Plus’s slightly higher prominence in the trading world.
Conclusion
In conclusion, both E8 Funding and Funded Trading Plus stand as excellent choices for proprietary trading firms, each with its distinct advantages. While E8 Funding offers the flexibility of a two-step and a three-step evaluation, Funded Trading Plus provides a more diverse range including one-step evaluation, two two-step evaluations, and instant funding. This comprehensive comparison aims to guide traders in making an informed decision between these two reputable firms.
