Rating breakdown
Things we didn't like:
Only two types of evaluationsPayroll delays
High spread
Why would you want an alternative to E8 FUNDING?
Forget about fancy dashboards and flashy marketing spiels. What traders care about is in the detail: spreads, profit targets, and tradeable assets. Here is where E8 drops the ball. The spreads and commissions are some of the highest in the industry. Users have complained about not receiving payouts and a poor responsive rate from the customer support team. In fairness, there are plenty of glowing reviews too from satisfied contestants who have benefited from the platform.
The firm also drops the ball when it comes to customer support, with minimal means of contact and limited hours (most prop firms are available 24/7). E8 does not have any discord server for traders, an increasingly popular feature that connects contestants to a social community within their prop firm of choice. When it comes to the numbered issues about high spreads and commissions, however, it could be said that there is no smoke without fire!
What to look for in a E8 FUNDING Alternative?
With the above in mind, here is what we would suggest as an alternative to E8 Funding: a propriety trading firm which fills in the gaps above. Ideally you want to keep the good and add the missing features.
Best E8 FUNDING alternatives – Proprietary Trading Firms like (or better than) E8 FUNDING
Rating breakdown
Things we liked:
Exclusive Discount Code (SBOCOUPON)Minimal rules & unlimited time for completion
Two-part assessment leading to $200,000 in funding
Scaling plan & fast-track funding opt
Things we didn't like:
New player in the funded account offeringAn entry fee to sign up for the challenge.
FunderPro Overview
Founded in Dubai in late 2022 by a group of traders and investment managers, FunderPro was born out of the need to provide an opportunity for traders to be judged on their merit without pressure or unnecessary rules. FunderPro traders can trade in their own time, for as long as they want or need, there are no deadlines looming down nor petty restrictions to trip over.
Rating breakdown
Things we liked:
FTMO charges a one-time fee onlyFTMO has generous conditions for its traders
Things we didn't like:
Complaints about the platform freezingComplaints about lack of customer support
FTMO Overview
FTMO is the latest in a burgeoning series of scouting programs. Propriety trading firms or “prop firms” put traders to the test (for a fee) through evaluations and challenges. The lucky few who pass are then funded with capital, and successful trades are split down a percentage with the broker. As scouting firms go, FTMO is an excellent all-rounder. Alongside a decent 80% payout for successful traders, FTMO equips users with webinars, workshops, and coaching.
Rating breakdown
Things we liked:
it takes a low percentage cut on your profitsThings we didn't like:
Not one-off paymentChallenges perceived to be too hard or pointless
Topstep Overview
Founded in 2012, Topstep has become one of the biggest proprietary trading sites online. Topstep FX is based in the USA, but it is available for everyone to use worldwide. Traders are invited to join their "forex funded trader program," which gives them the chance to use Topstep FX's money (and gain a healthy cut of the profits), without risking their capital.