E8 Markets & TopTier Trader Two-step Comparison
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Welcome to our comparison between E8 Markets and TopTier Trader, where we will compare all the major aspects of each company. We will be looking into the companies themselves as well as the two-step evaluations that both offer to traders from all across the globe.
Company Details
| Company Details | E8 Markets | TopTier Trader |
|---|---|---|
| Incorporation Date | November 2021 | October 2021 |
| CEO | Dylan Elchami | Dave Guttman |
| Office Location | Dallas, Texas | Delaware, United States |
| Scaling Plan |  | |
E8 Markets and TopTier Trader are two reputable and trustworthy proprietary trading firms. E8 Markets was incorporated in November 2021 while being managed by their CEO, Dylan Elchami. They have their offices located in Dallas, Texas. TopTier Trader, on the other hand, was incorporated in October 2021 while being managed by its CEO, Dave Guttman. Additionally, their offices are located in Delaware, United States.
Funding Program Options
| Funding Program Options | E8 Markets | TopTier Trader |
|---|---|---|
| Two-step Evaluation | | |
| Three-step Evaluation | |  |
E8 Markets provides their traders with an opportunity to choose between two funding programs to acquire funding, a two-step evaluation and a three-step evaluation. TopTier Trader, on the other hand, allows its traders to acquire funding after passing their two-step evaluation.
Two-step Comparison
| Trading Objectives | E8 Account | TopTier Challenge |
|---|---|---|
| Profit Target (Phase 1) | 8% | 10% |
| Profit Target (Phase 2) | 4% | 5% |
| Maximum Daily Loss | 4% | 5% |
| Maximum Loss | 8% (Scaleable up to 14%) | 10% |
| Minimum Trading Days | No Minimum Trading Days | 4 Calendar Days |
| Maximum Trading Period | Step 1: Unlimited Step 2: Unlimited | Step 1: Unlimited Step 2: Unlimited |
| Leverage | 1:50 | 1:50 (1:100 with Add-on) |
| Profit Split | 80% | 80% (90% with Add-on) |
After covering the trading objectives of each company’s two-step evaluations, let’s take a look at the account sizes and costs of these two-step evaluations.
| Account Size | E8 Account | TopTier Challenge |
|---|---|---|
| $5,000 | $59 | $65 |
| $10,000 | $110 | $129 |
| $25,000 | $228 | $229 |
| $50,000 | $338 | $335 |
| $100,000 | $588 | $499 |
| $200,000 | | $975 |
| $300,000 | | $1,345 |
Brokers & Trading Platforms
Now that we have addressed the trading objectives, account sizes, and costs associated with E8 Markets and TopTier Trader, it’s time to examine the brokers and trading platforms compatible with each proprietary trading entity.
| E8 Markets | TopTier Trader | |
|---|---|---|
| Broker | Virtual Markets, Tier-1 Liquidity Provider with Best Simulated Real Market Trading Conditions | ThinkMarkets |
| Trading Platform | MetaTrader 5, Match-Trader | TradeLocker |
Trading Instruments
Another important aspect to compare between proprietary trading firms is trading instruments. In the spreadsheet below, you will be able to learn which trading instrument types can be traded with E8 Markets and which with TopTier Trader.
| Trading Instrument | E8 Markets | TopTier Trader |
|---|---|---|
| Forex Pairs | | |
| Commodities | | |
| Indices | | |
| Cryptocurrencies | | |
Community Feedback
The last topic we will cover is community feedback from E8 Markets and TopTier Trader. The statistics are taken from the Trustpilot page of each of the mentioned companies.
| Trustpilot Statistics | E8 Markets | TopTier Trader |
|---|---|---|
| Rating | 4.6/5 | 4.2/5 |
| Number of Reviews | 1,835 | 3,808 |
| 5-Star Ratings | 90% | 87% |
E8 Markets has an excellent rating of 4.6/5. This is out of a total of 1,835 reviews, where 90% of them are rated as 5 stars. TopTier Trader, on the other hand, also has a great rating of 4.2/5. However, this is out of a total of 3,808 reviews, where 87% of them are rated as 5 stars.
Conclusion
In conclusion, E8 Markets and TopTier Trader are two incredible choices within the proprietary trading firm industry. We can clearly see there are numerous differences within the compared proprietary trading firms, such as trading objectives, account sizes, costs, and community feedback. In addition, there is also a major difference within the funding programs that each of the companies are offering. E8 Markets has a two-step evaluation and a three-step evaluation, while TopTier Trader has a single two-step evaluation.
This concludes our comparison between E8 Markets and TopTier Trader. If either of the compared proprietary trading firms sparked an interest, we have prepared a unique discount code, which you can apply while purchasing an evaluation to make it even more affordable!
E8 Markets 5% active discount code: FOREXPROPREVIEWS
TopTier Trader 20% active discount code: 63ka5k
Our comparison between E8 Markets and TopTier Trader was last updated on 19.06.2024 at 11:45 (CE(S)T).
