E8 Funding and FTMO are big names in proprietary trading, giving new traders the chance to get funding, improve their skills, and maybe succeed in finance. Choosing the right funding firm is key. It affects a trader’s path to success.
In this log, we will delve into the key aspects of E8 Funding and FTMO, highlighting their offerings, evaluation processes, and the importance of choosing the right firm to support one’s trading endeavors.
Company Details of E8 Funding and FTMO
E8 Funding
- CEO: Dylan Elchami
- Incorporation Date: November 2021
- Location: Dallas, Texas, USA
- Maximum Allocation Capital: Traders can manage up to $300,000 in two-step evaluation accounts.
FTMO
- CEO: Otakar Suffner
- Incorporation Date: September 2015
- Location: Prague, Czech Republic
- Maximum Allocation Capital: Traders can obtain funding up to $400,000.
FTMO, founded in September 2015 by Otakar Suffner in Prague, Czech Republic, offers traders the opportunity to trade with up to $200,000 on an FTMO Account. On the other hand, E8 Funding, established in November 2021 by Dylan Elchami in Dallas, Texas, USA, provides traders with a maximum allocation of up to $400,000. Both firms have gained recognition for their unique evaluation processes and funding opportunities tailored to serious traders looking to enhance their trading journey.
Funding Program Options
| Funding Program Options | E8 Funding | FTMO |
|---|---|---|
| Two-step Evaluation | ✅ | ✅ |
| Three-step Evaluation | ✅ | ❌ |
E8 Funding provides a two-step evaluation and a three-step evaluation, while FTMO has a structured and comprehensive evaluation system with the FTMO Challenge and Verification stages.
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% |
FTMO Offerings Overview
FTMO provides a comprehensive platform for traders seeking to access substantial trading capital and refine their skills. Their offerings include:
Evaluation Process
FTMO Challenge: A two-step evaluation process consisting of the FTMO Challenge and Verification. Traders must pass both stages to qualify for a funded account.
Trading Objectives: Traders must meet specific profit targets and risk limits during the evaluation process.
Account Analysis: FTMO offers Account Analysis and Performance Coaches to help traders improve their skills and strategies.
Trading Accounts
Beginner: $10,000 funding with 50% profit share.
Intermediate: $25,000 funding with 70% profit share.
Advanced: $50,000 funding with 80% profit share.
Scaling Plan: FTMO aims for long-term business relationships by increasing the balance of an FTMO Account by 25% every 4 months, subject to consistent profitability.
Payout System
Default Payout Ratio: 80% for all traders.
On-Demand Payouts: Traders can request payouts after 14 days, with the option to change their profit split day up to three times.
Educational Resources and Support
Educational Materials: FTMO provides educational materials, including trading guides, webinars, and articles, to help traders enhance their trading skills and knowledge.
Community: Traders become part of a supportive community where they can interact with fellow traders, share ideas, and seek guidance.
Personalized Feedback: Throughout the evaluation process and funded account trading, traders receive personalized feedback from FTMO’s team of experts.
Free Trial
Free Trial Account: Traders can try the process completely free of charge, with the same trading conditions as the FTMO Challenge.
Payout System
Default Payout Ratio: 80% for all traders.
On-Demand Payouts: Traders can request payouts after 14 days, with the option to change their profit split day up to three times.
Scaling Plan
Scaling Plan: FTMO aims for long-term business relationships by increasing the balance of an FTMO Account by 25% every 4 months, subject to consistent profitability.
Educational Resources and Support
Educational Materials: FTMO provides educational materials, including trading guides, webinars, and articles, to help traders enhance their trading skills and knowledge.
Community: Traders become part of a supportive community where they can interact with fellow traders, share ideas, and seek guidance.
Personalized Feedback: Throughout the evaluation process and funded account trading, traders receive personalized feedback from FTMO’s team of experts.
Free Trial
Free Trial Account: Traders can try the process completely free of charge, with the same trading conditions as the FTMO Challenge.
E8 Funding Offerings Overview
E8 Funding is a revolutionary funding company that provides funding opportunities to forex and CFD traders worldwide. Here is a detailed exploration of E8 Funding’s offerings:
Funding Limits
Initial Capital: Ranges from $25,000 to $300,000.
Price Range: Evaluation fees range from $138 to $988.
Profit Split: Traders receive 80% of profits, with potential for 90% with the ELEV8 Account.
Daily Loss: Limited to 5%.
Max Drawdown: Ranges from 8% to 10% depending on the account type.
Evaluation Process and Account Scaling Plan
Offers a two-step evaluation and a three-step evaluation process.
Traders can withdraw profits while increasing their account balance and overall drawdown by up to 14% through the Drawdown Scaling Plan.
No minimum trading days requirement on regular account types.
Traders who pass both phases of the evaluation become official E8 Funded traders.
Unique Features
No Minimum Trading Days: Traders are not required to meet a minimum number of trading days.
Account Retry Options: Traders have the opportunity to retry the evaluation process if unsuccessful.
Account Sizes and Fees
| 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 | ❌ |
Comparison of Trading Instruments: E8 Funding vs. FTMO
E8 Funding
- Tradeable Assets: Forex, Indices, Metals, Commodities, Stocks, Crypto
- Maximum Balance: Up to $1,000,000
- Trading Platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5)
- Risk Management: Implements innovative risk scaling up to 14% drawdown.
FTMO
- Tradeable Assets: Forex, Indices, Metals, Commodities, Stocks, Crypto
- Maximum Balance: Up to $2,000,000
- Trading Platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, DXtrade
- Risk Management: Emphasizes risk management with predefined limits for drawdown and daily losses.
Truspilot Review Statistics
| Trustpilot Statistics | E8 Funding | FTMO |
|---|---|---|
| Rating | 4.7/5 | 5/5 |
| Number of Reviews | 1,579 | 9,879 |
E8 Funding vs. FTMO: Summary
E8 Funding
Evaluation Process: E8 Funding offers a user-friendly two-step evaluation process.
Funding Program Options: Provides a two-step evaluation and a three-step evaluation.
Costs and Fees: Evaluation fees range from $200-$600, depending on account size. Traders may need to cover losses incurred during the evaluation process.
Support & Community: Offers round-the-clock email support but lacks pronounced community features compared to FTMO.
Trading Accounts: Offers three account options with 80% profit-sharing: Basic ($25,000), Advanced ($50,000), and Pro ($100,000).
FTMO
Evaluation Process: FTMO presents a structured and comprehensive evaluation system with the FTMO Challenge and Verification stages.
Funding Program Options: Offers a two-step evaluation process.
Costs and Fees: Charges an evaluation fee covering platform usage, personalized feedback, and support resources. Traders do not need to make an initial deposit or bear losses during evaluation.
Support & Community: Emphasizes a community-driven approach with forums, webinars, and valuable insights from seasoned traders.
Trading Accounts: Offers different account levels with varying funding, profit share, and risk parameters: Beginner ($10,000), Intermediate ($25,000), Advanced ($50,000).
The comparison highlights that E8 Funding and FTMO have distinct evaluation processes tailored to traders’ needs, varying in costs, support offerings, and account options. Traders can choose based on their preferences for simplicity, community engagement, funding levels, and risk management requirements.
