In this article, we will be making a general and two-step comparison between E8 Funding and FTMO.
E8 Funding & FTMO Two-step Comparison
In this article, we will be making a general and two-step comparison between E8 Funding and FTMO. We will compare the two mentioned proprietary trading firms in general and what they are offering to forex traders worldwide.
Company Details
| Company Details | E8 Funding | FTMO |
|---|---|---|
| Incorporation Date | November 2021 | September 2015 |
| CEO | Dylan Elchami | Otakar Suffner |
| Office Location | Dallas, Texas | Prague, Czech Republic |
| Maximum Allocation Capital | $300,000 | $400,000 |
E8 Funding and FTMO are both reliable and trustworthy proprietary trading firms. E8 Funding was incorporated in November 2021, while FTMO started operating in September 2015. When it comes to CEOs, Dylan Elchami is the CEO of E8 Funding, while FTMO is being run by Otakar Suffner. E8 Funding has offices located in Dallas, Texas, while FTMO has its headquarters in Prague, Czech Republic. And lastly, when it comes to the maximum allocation capital, traders can manage $300,000 in two-step evaluation accounts with E8 Funding, while with FTMO, traders can obtain funding up to $400k. Note that both proprietary trading firms also have a scaling plan with unlimited upside potential.
Funding Program Options
| Funding Program Options | E8 Funding | FTMO |
|---|---|---|
| Two-step Evaluation | ✅ | ✅ |
| Three-step Evaluation | ✅ | ❌ |
E8 Funding and FTMO both offer multiple funding programs to forex traders worldwide. E8 Funding offers a two-step evaluation and a three-step evaluation. FTMO, on the other hand, offers a two-step evaluation.
Let’s look at the comparison between the two-phase evaluation since both proprietary trading firms are offering it.
Two-step Comparison:
| Trading Rules/Objectives | E8 Funding (Normal) | E8 Funding (Extended) | FTMO |
|---|---|---|---|
| Phase 1 Profit Target | 8% | 8% | 10% |
| Phase 2 Profit Target | 5% | 5% | 5% |
| Daily Drawdown | 5% | 5% | 5% |
| Overall Drawdown | 8% (Scaleable up to 14%) | 10% (Scaleable up to 14%) | 10% |
| Leverage | 1:50 | 1:50 | 1:30 up to 1:100 |
| Minimum Trading Days | No minimum trading days | 5 calendar days | 4 calendar days |
| Trading Period | Step 1: Unlimited Step 2: Unlimited | Step 1: Unlimited Step 2: Unlimited | Step 1: Unlimited Step 2: Unlimited |
| Profit Split | 80% | 80% | 80% up to 90% |
Now that we have covered all the rules and guidelines of the two-step evaluation. Let’s take a closer look at prices.
| Account Size | E8 Funding (Normal & Extended) | FTMO |
|---|---|---|
| $10,000 | ❌ | €155 |
| $25,000 | $228 | €250 |
| $50,000 | $338 | €345 |
| $100,000 | $588 | €540 |
| $200,000 | ❌ | €1,080 |
| $250,000 | $988 | ❌ |
Brokers & Trading Platforms
After covering all the trading objectives, rules, and pricing, let’s take a closer look at brokers and trading platforms that we can use with each proprietary trading firm.
| E8 Funding | FTMO | |
|---|---|---|
| Broker | Purple Trading Seychelles | Tier-1 Liquidity Provider with Best Simulated Real Market Trading Conditions |
| Trading Platform | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5, cTrader, DXtrade |
Trading instruments
Another important factor when comparing proprietary trading firms is trading instruments. Below you can see which trading instruments we can trade with E8 Funding and FTMO.
| Trading Instrument | E8 Funding | FTMO |
|---|---|---|
| Forex Pairs | ✅ | ✅ |
| Commodities | ✅ | ✅ |
| Indices | ✅ | ✅ |
| Stocks | ✅ | ✅ |
| Bonds | ❌ | ✅ |
| Crypto | ✅ | ✅ |
Community Feedback
The last thing we will go through is the feedback from E8 Funding and FTMO prop firms. The reviews we will be looking at are from Trustpilot.
| Trustpilot Statistics | E8 Funding | FTMO |
|---|---|---|
| Rating | 4.7/5 | 4.8/5 |
| Number of Reviews | 1,376 | 5,999 |
E8 Funding has a rating of 4.7/5 out of a total of 1,376 reviews, while FTMO has a rating of 4.8/5 out of 5,999 reviews. Based on the statistics, we can clearly see that FTMO is the more popular proprietary trading firm at the moment.
Conclusion
In conclusion, E8 Funding and FTMO are two excellent proprietary trading firm choices for any trader. We can see some clear differences regarding the trading rules and objectives, prices, and community feedback. In addition, we can also see that there is a difference regarding funding program options since E8 Funding offers the following two: a two-step evaluation and a three-step evaluation. On the other hand, FTMO offers a two-step evaluation.
We will be ending the comparison with our special discount codes for each of the two compared proprietary trading firms. You can find both discount codes below!
E8 Funding 10% active discount code: FOREXPROPREVIEWS
This comparison was lastly updated on 17.11.2023 at 07:51 (CE(S)T).
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