This article aims to provide a thorough comparison between E8 Funding and FundedNext, two prominent proprietary trading firms. We’ll explore and contrast their offerings to forex traders around the globe.
Company Overviews
Firstly, let’s get acquainted with the basic details of each firm:
- Inception: E8 Funding was established in November 2021, and FundedNext began its operations in March 2022.
- Leadership: Dylan Elchami heads E8 Funding, while Abdullah Jayed leads FundedNext.
- Locations: E8 Funding is based in Dallas, Texas, while FundedNext operates from the United Arab Emirates and Bangladesh.
- Maximum Funding: Both firms offer a maximum allocation capital of $300,000.
Notably, both firms are recognized for their reliability and scalable funding plans.
Funding Program Options
Examining their funding programs:
- E8 Funding offers two-step and three-step evaluations.
- FundedNext provides two one-step evaluations and two two-step evaluations.
Let’s dive into the specifics of their two-step evaluation programs.
Two-Step Evaluation Comparison
Breaking down the trading rules and objectives:
- Profit Targets & Drawdowns: Both firms set similar profit targets, with slight variations in drawdown limits and phase durations.
- Leverage: E8 Funding offers 1:50 leverage, while FundedNext provides 1:100 leverage.
- Minimum Trading Days: Both firms have different requirements for minimum trading days, adding flexibility to their programs.
- Profit Split: Both offer an 80% profit split, with FundedNext offering up to 90% under certain conditions.
This detailed comparison offers insight into each firm’s trading environment and opportunities.
Account Size Pricing
Reviewing the pricing for different account sizes:
- Account sizes range from $6,000 to $250,000, with each firm having its unique pricing structure.
- E8 Funding and FundedNext cater to a wide range of traders through their tailored pricing models.
Brokers & Trading Platforms
Exploring the brokers and trading platforms:
- E8 Funding collaborates with Purple Trading Seychelles, while FundedNext works with Incenteco and GrowthNext.
- Both firms utilize MetaTrader 4 and MetaTrader 5 platforms.
Trading Instruments Offered
Comparing the trading instruments available with each firm:
- Both firms offer Forex pairs, commodities, and indices.
- E8 Funding additionally provides stocks and cryptocurrencies, not available with FundedNext.
Community Feedback and Ratings
Analyzing community feedback based on Trustpilot reviews:
- E8 Funding has a rating of 4.7/5 from 1,376 reviews, demonstrating its strong reputation.
- FundedNext also holds a 4.7/5 rating but from a larger pool of 7,049 reviews, indicating its wider reach and popularity.
This data reflects FundedNext’s larger impact in the trading community.
Conclusion
In conclusion, E8 Funding and FundedNext both emerge as strong options for proprietary trading firms, each offering unique strengths. While E8 Funding provides a two-step and a three-step evaluation, FundedNext offers a more diverse range including two one-step evaluations and two two-step evaluations. This comprehensive comparison is designed to guide traders in making an informed choice between these two esteemed firms.
