Traders With Edge

E8 Funding Alternative & Comparison​

 

E8 Funding Alternative and Comparison with Traders With Edge

 

We are going to be comparing two different proprietary trading firms, E8 Funding and Traders With Edge. You’ll see up here, we have the Prop Firm and the Challenge account type. The size is all 100K. Today we’re comparing the Traders With Edge Turtle, Traders With Edge Hare, the E8 Funding Standard Account and the E8 Funding Elev8 Account.

 

 

E8 Funding Vs Traders With Edge Maximum Account Size

 

Let’s jump straight into it. The maximum account size after scaling for these prop firms, once you’ve completed your challenge and you’ve become a funded trader, and then you’ve scaled your account, the maximum limit for Traders With Edge is $3,000,000 account, with E8 Funding Standard Account it’s $300,000, and with the E8 Funding Elev8 Account, it’s $1,000,000.

 

 

E8 Funding Vs Traders With Edge Account Scaling

 

Rapid scaling, Traders With Edge has a rapid scaling plan unlike most other prop firms, which I’ll cover very briefly now. If you go to the website, under challenges, you click on scaling plans, you’ll see a page like this. 

 

This gives you an overview of the different scaling plans that Traders With Edge has for when you become a funded trader, some examples and then it gives you some graphs of what the different scaling plans look like. And then down the bottom, you’ve got a calculator that you can calculate which scaling plan is better for you and how much difference there will be to your funded account size at the end of 12 months.

 

Back to the comparison. Unlike most other prop firms you’ll notice that E8 Funding Standard doesn’t have any funded account scaling, while the E8 Elev8 does have a scaling plan which is different from the Traders With Edge one.

 

 

Challenge Price Comparison: E8 Funding Vs Traders With Edge

 

The Traders With Edge Turtle Account is a one-phase account, meaning you’ve got to pass one phase and then you go straight onto a funded account. Traders With Edge Hare, and both the E8 Funding accounts are a two phase account meaning you’ve got to pass two phases to obtain a funded account. 

 

The price in US dollars for all of them, the price for the Turtle Account is $750. The Traders With Edge Hare is $590, $588, which is quite similar with the E8 and the Elev8 Account from E8 Funding is $888.

 

Is the fee refundable? For the Turtle Account with Traders With Edge, it’s not refundable because it’s a one phase challenge. The Traders With Edge Hare, it is refundable and so are the E8 accounts. Once you have passed your challenge and you’ve received your first payout, that’s when you get your refund. 

 

 

Trading Rules

 

Profit Target

 

The target for phase one on both the Turtle and the Hare during your evaluation process is 10%. The E8 Funding for both accounts is 8%. Target for phase two, well, there is no phase two in the Turtle because you’d already be on a funded account. The Trades With Edge Hare Account is 5% as with both E8 Funding accounts.

 

Drawdown

 

The maximum drawdown for the Turtle is 5%. The maximum drawdown for Traders With Edge Hare is 10%. And for both the E8 accounts, it’s 8%.The daily drawdown for the Turtle Account is 2.5%. For the Traders With Edge Hare Account, it’s 5% and same with both E8 accounts. Remember, it is important to manage risk during both your evaluation process and on your funded account when trading at a prop firm.

 

Profit Share

 

After you have passed the evaluation process and have become a funded trader, the profit share on all accounts is 80%. The only difference is with the E8 Elev8 Account after you’ve been trading for some time and you’ve got accounts scaling then it could increase that to 90% potentially.

 

Trading Days

 

The minimum trading days for both Traders With Edge accounts is 10 days to obtain your funded account. The minimum trading days for the E8 is one day. Minimum trading days for phase two, not applicable for the Turtle, 10 days for the Hare and one day for each of the E8 accounts. 

 

The trading period, you’ve got 365 days to pass the Turtle Account and become a funded trader, so you can take your time with that. For the Traders With Edge Hare and both E8 accounts, it’s 30 days each to hit your profit target. The trading period for phase two is not applicable on the Turtle once again. Hare and both E8 accounts, you have 60 days to obtain your funded account.

 

 

Can I Use An EA? 

 

You can use EAs for all accounts including your funded account on Traders With Edge and E8 Funding. For Traders With Edge, you better seek approval before trading. 

 

You’ve got to remember, every single prop firm has a rule that states you can’t use the same exact strategy as someone else. If you’ve bought an EA off a marketplace and you went and traded with any prop firm and someone else is already trading with that, then your funded account will be closed because you’ve been using that EA or that exact same strategy as someone else.

 

 

Other Rules

 

You can hold over weekends for all accounts including your funded account except the Traders With Edge Hare Account. Both E8 Funding and Traders With Edge all allow signal and allow news trading. You don’t get a free retry on the Traders With Edge Turtle Account because you do have a year to pass it so there’s no point in having a free retry.For the other three accounts, if you are in profit and you didn’t violate any other rules, when the time runs out, then you will get one free retry. 

 

You can trade all forex pairs on all of the E8 Funding and Traders With Edge Challenges. You can trade digital currencies on all of the E8 Funding and Traders With Edge Challenges, you can trade commodities , indices and share or stock CFDs on all of the E8 Funding and Traders With Edge Challenges. Traders With Edge has both competitions and giveaways. 

 

 

Competition and Giveaways

 

A few prop firms have competitions running for traders. You can enter competitions with Traders With Edge and battle it out against other traders online by trading forex pairs or other assets. Over a period of time, whoever wins at the end of the period typically wins a free challenge account or some other prizes, maybe large discounts.

 

As for the free giveaways once again, not many prop firms have giveaways. Traders with Edge is currently giving away 3 $50,000 prop challenge accounts where you can trade forex pairs along with all other assets. It may or may not be still available by the time you watch this video, but that’s an example of some of the giveaways that we have.You don’t have to actually trade for it.

 

You just enter the competition with your name and email, and you could be a lucky winner. Trader education, so both firms Traders With Edge and E8 both have trader education. 

 

 

Affiliate Program Comparison: E8 Funding vs Traders With Edge

 

Traders With Edge is a prop firm that has an affiliate program that pays up to 20% for the lifetime of the client. That means if you refer someone and they make a purchase today, you’ll receive a percentage commission for that referral. Then if they purchase again in one year’s time, you’ll also receive commission for that referral. So it’s kind of like a passive income stream.

 

As for E8 funding, they are a prop firm that don’t disclose what their current affiliate program pays, so we’ll leave that as a question mark for now. 

 

 

Conclusion

 

That concludes our prop firm comparison between E8 Funding and Traders With Edge. If you’ve got any questions, comment below the video or visit traderswithedge.com and talk to our support team on live chat.



 

 

Conclusion

 

That concludes our prop firm comparison between E8 Funding and Traders With Edge. If you’ve got any questions, comment below the video or visit traderswithedge.com and talk to our support team on live chat.

About E8 Funding

 

E8 Funding is a proprietary trading firm incorporated on the 5th of November in 2021. It started with a desire to provide services to traders built under their strong will and passion for identifying hidden talent in the community. Their ultimate goal is to serve their clients and provide them with access to top tier liquidity, opportunities with a user friendly experience and create unique funding opportunities.

 

E8 funding believes in the idea that trading is the ultimate form of freedom, but just like anything else, attaining this ultimate freedom requires a plan with rules. Having built in that idea, they encourage their clients to maintain discipline, manage risk and pursue the life of their dreams.

 

The prop firm is based in the heart of the USA. Their headquarters are located in Dallas, TX 75201, United States. They pride themselves as being one of the first USA based, remote, proprietary trading firms offering their services world wide.They also have offices located in Prague, Czech Republic with a trading floor expansion planned for Miami, Florida.

 

They are partnered with a liquidity provider who gives direct market access as their broker. They accept clients from many countries including the USA and Europe. They are seeking traders around the globe who are at least 18 years old.

Prop Firm/ Challenge

Size
  • Max Account Size After Scaling
  • Rapid Scaling
  • Number Of Phases
  • Price: $USD
  • Refundable Fee
  • Target Phase 1
  • Target Phase 2
  • Maximum Drawdown
  • Daily Drawdown
  • Profit Share
  • Minimum Trading Days Phase 1
  • Minimum Trading Days Phase 2
  • Trading Period Phase 1
  • Trading Period Phase 2
  • Hold Over Weekends
  • Use EA’s
  • Allow Signals
  • Allow News Trading
  • Free Retry
  • Trade FX
  • Trade Digital Currencies
  • Trade Commodities
  • Trade Indices
  • Trade Share/Stock CFDs
  • Trading Competitions
  • Giveaways
  • Trader Education
  • Affiliate Program Pays

Traders With
Edge Turtle

$ 100K
  • $3 Million
  • Yes
  • 1
  • $750.00
  • 10%
  • N/A
  • 5%
  • 2.50%
  • 80%
  • 10
  • N/A
  • 365
  • N/A
  • Yes
  • With Approval
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Up To 20% Lifetime

Traders with
edge hare

$ 100K
  • $3 Million
  • Yes
  • 2
  • $590.00
  • Yes
  • 10%
  • 5%
  • 10%
  • 5%
  • 80%
  • 10
  • 10
  • 30
  • 60
  • With Approval
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Up To 20% Lifetime

E8 Funding Standard Account

$ 100K
  • $300,000
  • 2
  • $588.00
  • Yes
  • 8%
  • 5%
  • 8%
  • 5%
  • 80%
  • 1
  • 1
  • 30
  • 60
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • 20% once

E8 Funding ELEV8 Account

$ 100K
  • $1 Million
  • Yes
  • 2
  • $888.00
  • Yes
  • 8%
  • 5%
  • 8%
  • 5%
  • Up To 90%
  • 1
  • 1
  • 30
  • 60
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • 20% once

Choose your account type

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