This article offers a comprehensive comparison between E8 Funding and The5ers, two reputable proprietary trading firms, highlighting their offerings for forex traders globally.
Overview of the Companies
Established in November 2021, E8 Funding, under the leadership of Dylan Elchami, operates from Dallas, Texas. In contrast, The5ers, headed by Gil Ben Hur since April 2020, is based in London, UK. Both firms offer a maximum allocation capital of up to $300,000 and $100,000 respectively, with scaling plans in place.
Diversity in Funding Programs
Both E8 Funding and The5ers present varied funding programs to forex traders. E8 Funding features a two-step and a three-step evaluation, while The5ers extend a two-step evaluation, a three-step evaluation, and instant funding options.
Detailed Two-Step Evaluation Comparison
Let’s delve into the specifics of their two-step evaluation programs:
- Profit Targets: Both firms have an 8% Phase 1 and 5% Phase 2 profit target.
- Daily & Overall Drawdown: A daily drawdown of 5% for both, with E8 Funding offering a scalable overall drawdown up to 14%.
- Leverage: 1:50 for E8 Funding and 1:100 for The5ers.
- Minimum Trading Days: No minimum for E8 Funding and 3 profitable days for The5ers.
- Trading Period: Unlimited for both steps in each firm.
- Profit Split: 80% for E8 Funding and up to 100% plus a monthly salary for The5ers.
Program Pricing Structures
Various account sizes come with distinct pricing for each firm:
- $25,000 Account: $228 for E8 Funding
- $50,000 Account: $338 for E8 Funding
- $100,000 Account: $588 for E8 Funding, $495 for The5ers
- $250,000 Account: $988 for E8 Funding
Brokers and Trading Platforms
Both firms utilize MetaTrader 4 and MetaTrader 5 platforms. E8 Funding partners with Purple Trading Seychelles, while The5ers work with a liquidity provider offering direct market access.
Comparing Trading Instruments
Trading instrument availability is key for traders. Both firms offer forex pairs, commodities, and indices. However, only E8 Funding provides options for stocks and crypto trading.
Community Feedback and Reputation
Trustpilot ratings are a significant indicator of community sentiment:
- E8 Funding has a rating of 4.7/5 from 1,376 reviews.
- The5ers stands slightly ahead with a 4.8/5 rating from 1,505 reviews.
Conclusion
In summary, both E8 Funding and The5ers offer solid choices for traders, each with unique aspects in their trading rules, pricing structures, and community feedback. While E8 Funding offers a two-step and a three-step evaluation, The5ers additionally provides an instant funding option.
