In this article, we will be making a general and two-step comparison between E8 Funding and FundedNext.
E8 Funding & FundedNext Two-step Comparison
In this article, we will be making a general and two-step comparison between E8 Funding and FundedNext. 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 | FundedNext |
|---|---|---|
| Incorporation Date | November 2021 | March 2022 |
| CEO | Dylan Elchami | Abdullah Jayed |
| Office Location | Dallas, Texas | UAE, USA, UK, Bangladesh |
| Maximum Allocation Capital | $300,000 | $300,000 |
E8 Funding and FundedNext are both reliable and trustworthy proprietary trading firms. E8 Funding was incorporated in November 2021, while FundedNext started operating in March 2022. When it comes to CEOs, Dylan Elchami is the CEO of E8 Funding, while FundedNext is being run by Abdullah Jayed. E8 Funding has offices located in Dallas, Texas, while FundedNext has its headquarters in UAE, USA, UK, and Bangladesh. And lastly, when it comes to the maximum allocation capital, traders can manage $300k two-step evaluation accounts with E8 Funding, while with FundedNext, traders can also obtain funding up to 300k. Note that both proprietary trading firms also have a scaling plan.
Funding Program Options
| Funding Program Options | E8 Funding | FundedNext |
|---|---|---|
| One-step Evaluation | ❌ | ✅ |
| Two-step Evaluation | ✅ | ✅ |
| Three-step Evaluation | ✅ | ❌ |
E8 Funding and FundedNext both offer multiple funding programs to forex traders worldwide. E8 Funding offers a two-step evaluation and a three-step evaluation. FundedNext, on the other hand, offers two one-step evaluations and two two-step evaluations.
That being said, let’s take a look at the comparison of the two-step evaluation programs.
Two-step Comparison:
| Trading Rules/Objectives | E8 Funding (Normal) | E8 Funding (Extended) | FundedNext (Evaluation) | FundedNext (Stellar) |
|---|---|---|---|---|
| Phase 1 Profit Target | 8% | 8% | 10% | 8% |
| Phase 2 Profit Target | 5% | 5% | 5% | 5% |
| Daily Drawdown | 5% | 5% | 5% | 5% |
| Overall Drawdown | 8% (Scaleable up to 14%) | 10% (Scaleable up to 14%) | 10% | 10% |
| Leverage | 1:50 | 1:50 | 1:100 | 1:100 |
| Minimum Trading Days | No minimum trading days | 5 calendar days | 5 calendar days | 5 calendar days |
| Trading Period | Step 1: Unlimited Step 2: Unlimited | Step 1: Unlimited Step 2: Unlimited | Step 1: 30 calendar days Step 2: 60 calendar days | Step 1: Unlimited Step 2: Unlimited |
| Profit split | 80% | 80% | 80% up to 90% | 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) | FundedNext (Evaluation) | FundedNext (Stellar) |
|---|---|---|---|
| $6,000 | ❌ | $49 | $59 |
| $15,000 | ❌ | $99 | $119 |
| $25,000 | $228 | $199 | $199 |
| $50,000 | $338 | $299 | $299 |
| $100,000 | $588 | $549 | $519 |
| $200,000 | ❌ | $999 | $999 |
| $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 | FundedNext | |
|---|---|---|
| Broker | Tier-1 Liquidity Provider with Best Simulated Real Market Trading Conditions | Eightcap, GrowthNext, Incenteco |
| Trading Platform | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5 |
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 FundedNext.
| Trading Instrument | E8 Funding | FundedNext |
|---|---|---|
| Forex Pairs | ✅ | ✅ |
| Commodities | ✅ | ✅ |
| Indices | ✅ | ✅ |
| Stocks | ✅ | ❌ |
| Crypto | ✅ | ❌ |
Community Feedback
The last topic we will go through is community feedback from E8 Funding and FundedNext. We will be looking at feedback from Trustpilot regarding both proprietary trading firms.
| Trustpilot Statistics | E8 Funding | FundedNext |
|---|---|---|
| Rating | 4.7/5 | 4.7/5 |
| Number of Reviews | 1,263 | 6,530 |
E8 Funding has a rating of 4.7/5 out of a total of 1,263 reviews, while FundedNext has a rating of 4.7/5 out of 6,530 reviews. Based on the statistics, we can clearly see that FundedNext is the more popular proprietary trading firm at the moment.
Conclusion
In conclusion, E8 Funding and FundedNext 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, FundedNext offers four: two one-step evaluations and two two-step evaluations.
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
FundedNext 10% discount code: FOREXPROPREVIEWS
This comparison was lastly updated on 05.09.2023 at 07:09 (CE(S)T).
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