E8 Funding vs Funded Trading Plus

E8 Funding Overview

E8 Funding emerges as a prop firm committed to fostering the growth of traders by offering significant capital backing. With a 4.7/5 Trustpilot rating, E8 instills confidence in its community through user testimonials. The firm entices potential traders with a Free Trial and caters to resilience by providing unlimited retries. One of the highlights is the opportunity to manage up to $1,000,000 with an attractive profit share of 80%. Bi-weekly payouts ensure steady liquidity for successful traders. Flexibility is a cornerstone of E8 Funding's offering, with permission for overnight and weekend holdings, alongside news trading, which can be a game-changer for traders looking to exploit market events. A generous 1:100 leverage is coupled with a balance-based drawdown system. The diversity of tradable instruments and the absence of minimum trading day requirements offer further allure for the versatile trader.

Funded Trading Plus Overview

Funded Trading Plus positions itself at the forefront of the prop trading industry, boasting a stellar 4.9/5 Trustpilot score and providing a robust support system. Their funding programs are designed to suit a wide range of trading styles and strategies, offering capital of up to $2,500,000 coupled with an impressive 90% profit share. Regular scaling options contribute to the growth potential for traders. Users have access to an encompassing range of comprehensive trading tools that cover diverse asset classes like forex, commodities, indices, and cryptocurrencies. The policy of no trading day restrictions, along with the tolerance for overnight and news trading, underscores the firm's flexible approach to trading strategies.

Comparing Trading Terms

Upon direct comparison, E8 Funding's maximum allowable leverage of 1:100 overshadows Funded Trading Plus's 1:30. However, it's important to acknowledge that higher leverage can be a double-edged sword, amplifying not only gains but also potential losses. E8 Funding's broader selection of account currencies (EUR, GBP, USD) versus Funded Trading Plus's USD-only approach may present international traders with more convenience. Both firms face criticism for high commission costs, though it's a common challenge within the industry. Slippage issues are noted specifically for E8 Funding, which may affect entry and exit points especially during volatile market conditions. Funded Trading Plus's maximum trailing drawdown can also be seen as both a pro and con, encouraging responsible risk management but potentially restricting aggressive strategies.

Trading Rules and Restrictions

The trading conditions set by each firm incorporate loss limitations, with both setting a Maximum Daily Loss rule and third-party risks related to copy trading and EA (Expert Advisor) usage. E8 Funding stipulates both maximum and minimum trading days alongside profit targets, allowing traders to gauge their strategies accordingly. Funded Trading Plus's no weekend holding rule may deter some traders who favor over-the-weekend positions, although this aligns with common risk management practices in the industry.

Funding and Withdrawals

Conveniently, both firms offer similar deposit methods, including credit/debit cards and cryptocurrencies, catering to modern deposit preferences. However, when it comes to withdrawals, they differ slightly, with Funded Trading Plus providing an extra option of crypto withdrawals.

Account Sizes and Instruments

While both E8 Funding and Funded Trading Plus offer a competitive range of tradable instruments, including commodities, crypto, forex, indices, and metals, the account sizes at E8 Funding are predefined ranging from $25,000 to $1,000,000, potentially making it easier for traders to find a suitable starting point based on their confidence and experience levels. In summary, both E8 Funding and Funded Trading Plus provide compelling options for retail traders seeking prop firm collaborations. The choice between them may ultimately hinge on individual trading styles, risk appetite, and preferred capital and profit-sharing arrangements. With both firms having been incorporated in November 2021, they've quickly established themselves in an industry that continues to evolve and expand, reflecting the dynamic nature of the modern financial trading landscape.