Home » blogs » A Comprehensive Comparison: Fidelcrest Funded Trading Program vs. E8 Funding Trading Program
- by Which Funded
Introduction:
As traders who have had the opportunity to experience both the Fidelcrest Funded Trading Program and the E8 Funding Trading Program, we at WhichFunded understand the importance of selecting the right funded trading program to empower your trading journey. In this comprehensive comparison, we will delve into the key features, benefits, and overall experiences offered by these two programs, providing valuable insights to help you make an informed decision.
| Prop Firm Details | E8 Funding | Fidelcrest |
| Year Founded | 2021 | 2018 |
| Maximum Balance | $1,000,000 | $2,000,000 |
| Tradeable Assets | Forex Indices Metals Commodities Stocks Crypto | Forex Indices Metals Commodities Stocks Crypto |
| Challenge Type | Two Step Evaluation | Two Step Evaluation |
| Trading Platforms | MT4 MT5 | MT4 |
| Trading Hours | Holding Overnight Holding Over Weekend | Holding Overnight Holding Over Weekend |
| Copy Trading | ❌ | ✅ |
| News Trading | ✅ | ✅ |
| EAs | ✅ | ✅ |
| Trust Pilot Rating⭐ | 4.7 / 5.0 | 4.6 / 5.0 |
| Trust Pilot Reviews | 814 | 695 |
| Payment Types | Wire Transfer Paylpal Neteller Crypto Payoneer Coinbase Revolut Wise | Paypal Neteller Skrill |
| Two Step Rules | E8 Funding | Fidelcrest |
| Profit Target Step 1 | 8% | 10% |
| Profit Target Step 2 | 5% | 10% |
| Max Daily Loss | ❌ | 5% |
| Max Daily Drawdown | 5% | ❌ |
| Max Loss | 8% | ❌ |
| Max Drawdown | ❌ | 10% |
| Min Trading Days Step 1 | ❌ | ❌ |
| Min Trading Days Step 2 | ❌ | ❌ |
| Max Trading Days Step 1 | 30 | 30 |
| Max Trading Days Step 2 | 60 | 60 |
| Profit Split | 80% | 80% |
Account Types and Capital:
Both the Fidelcrest and E8 Funding programs offer multiple account types tailored to meet the diverse needs of traders. Fidelcrest provides traders with an initial capital allocation, enabling them to access leverage and trade larger positions. On the other hand, E8 Funding offers three distinct account types, allowing traders to choose an account size ranging from $25,000 to $250,000, with the potential to scale up to $1.0 million or more. This flexibility in account sizes provides traders with substantial capital to work with and aligns with their individual trading goals.
Trading Platforms:
When it comes to trading platforms, both Fidelcrest and E8 Funding offer access to industry-leading platforms. Fidelcrest provides traders with advanced trading platforms, charting tools, and market analysis resources to enhance their trading strategies. E8 Funding, on the other hand, offers access to the widely acclaimed MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, known for their user-friendly interfaces, advanced charting tools, and extensive range of technical indicators. These platforms empower traders to execute trades efficiently and effectively.
Evaluation Process and Risk Management:
The evaluation process is a crucial aspect of both programs. Fidelcrest requires prospective traders to go through an evaluation phase where their trading performance is assessed to determine their eligibility for the funded program. E8 Funding also implements a tailored evaluation process for each account type, involving specific profit targets, minimum trading days, and drawdown limits. Risk management is prioritized by both programs, with Fidelcrest offering ongoing mentorship and support from experienced traders, while E8 Funding implements innovative risk scaling to strike a balance between risk and reward.
Profit Sharing and Withdrawals:
Profit sharing is an attractive incentive offered by both programs. Fidelcrest allows successful traders to earn a share of the profits generated, providing a lucrative opportunity to enhance their trading performance. E8 Funding offers an enticing 80/20 profit split, ensuring traders keep 80% of their profits and receive a full refund of their evaluation fees. Withdrawals are also facilitated by both programs, with specific guidelines in place. Fidelcrest allows traders to withdraw profits based on their profit-sharing arrangement, while E8 Funding enables withdrawals after 8 days of successful account management, with subsequent withdrawals increasing the trader’s drawdown by 1% with each withdrawal, up to a maximum of 14% overall.
Scaling and Growth Opportunities:
Scalability and growth potential are key considerations for traders. Fidelcrest provides traders with access to a larger capital base, allowing them to trade larger positions and potentially amplify their profits. E8 Funding’s ELEV8 Account presents an exciting opportunity for traders to scale their funded account balance to $1,000,000 or more within a year. By completing growth stages and consistently performing well, traders can steadily increase their account balance, even after withdrawing their profit split. Both programs offer avenues for traders to achieve substantial growth and rewards for their consistent performance.
Customer Support and Feedback:
Customer support plays a vital role in ensuring a positive trading experience. Fidelcrest offers ongoing mentorship and support from experienced traders to guide participants throughout their trading journey. E8 Funding demonstrates a strong commitment to customer satisfaction by offering live customer support through its website and providing a comprehensive Help Center. Both programs have received positive feedback from traders, with testimonials highlighting their transparency, support, and growth opportunities.
Conclusion:
In conclusion, both the Fidelcrest Funded Trading Program and the E8 Funding Trading Program offer valuable opportunities for traders to access capital and trade professionally. While Fidelcrest emphasizes a larger capital base and ongoing mentorship, E8 Funding stands out with its flexible account sizes, attractive profit split arrangement, and exciting scaling opportunities. As a trader, it is essential to thoroughly understand the specific rules, risk management guidelines, and profit-sharing arrangements of each program before making a decision. We, at WhichFunded, encourage you to assess your own trading strategies and goals, ensuring alignment with the objectives of the program you choose.
