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E8 Funding vs True Forex Funds – Full Comparison

Compare Any Prop Firm

E8 Funding

True Forex Funds

In this article, we’ll be comparing two prop firms, E8 Funding and True Forex Funds.

Let’s look at all details.

Prop Firms General Details

In this first table, we compare the year where each prop firm was founded, where their offices are located, and how much balance you can get to trade after scaling (when applicable).

Prop Firm Details E8 Funding True Forex Funds
Year Founded 2021 2021
Offices Location Dallas, Texas, USA Hungary
Maximum Balance $400,000 $400,000
Keep First Profits Registration Fee Challenge Fee

Instruments

Here’s a list of all instruments supported by E8 Funding and True Forex Funds. I divided the list into two parts to show CFDs products and Futures products.

Instruments CFDs E8 Funding True Forex Funds
Forex
Indices
Metals
Commodities
Stocks
Crypto
Instruments Futures E8 Funding True Forex Funds
Equity Futures
Foreign Exchange Futures
Agricultural Futures
Energy Futures
Interest Rate Futures
Metals Futures
Crypto Futures
Bonds Futures
Instruments Crypto (non-CFDs) E8 Funding True Forex Funds
Crypto Spot
Crypto Futures
Crypto Options

Funding Program Types

Prop firms have different program types to achieve a funded account.

Here’s the resume and comparison of the E8 Funding and True Forex Funds different program types.

Prop Firm Programs E8 Funding True Forex Funds
One-Step Evaluation
Two Step Evaluation
Instant Funding

Instant Funding Comparison

Instant funding programs give you access to a funded account immediately without needing to pass any challenge.

Instant Funding Rules E8 FundingTrue Forex Funds
Profit Target
Max Daily Loss
Max Daily Drawdown
Max Loss
Max Drawdown
Minimum Trading Days
Maximum Trading Days
Profit Split

One-Step Program Comparison

One-Step programs are programs that require a single challenge to be passed. As soon as you pass the challenge, achieving the required targets without breaking any rules, you’ll be rewarded with a funded account to trade.

Here’s the comparison table for the E8 Funding and True Forex Funds prop firms.

One Step Rules E8 FundingTrue Forex Funds
Profit Target
Max Daily Loss
Max Daily Drawdown
Max Loss
Max Drawdown
Minimum Trading Days
Maximum Trading Days
Profit Split

Two-Step Program Comparison

Two-Step programs require that you pass two different challenges before getting funded. Usually, each phase or each challenge has different targets and rules.

Here’s the comparison for E8 Funding and True Forex Funds.

Two Step Rules E8 FundingE8 FundingTrue Forex Funds
Program Name E8 AccountE8 Track AccountEvaluation
Profit Target Step 1 10%10%8%
Profit Target Step 2 5%5%+5%5%
Max Daily Loss 5%
Max Daily Drawdown 5%5%
Max Loss 10%10%10%
Max Drawdown
Min Trading Days Step 1 5
Min Trading Days Step 2 5
Max Trading Days Step 1 30
Max Trading Days Step 2 60
Profit Split 80%80%80%

Trustpilot Reviews

Trustpilot is a reputable platform when it comes to reviewing products and services.

Here is the rating that E8 Funding and True Forex Funds have on Trustpilot.

Trustpilot Stats E8 Funding True Forex Funds
Stars
Trustpilot Rating 4.7/5.0 4.6/5.0
Number of Reviews 814 931

Free Stuff

Being able to test a prop firm before we commit and purchase is a good thing. We can get used to their trading platform, and understand spreads, commissions, and rules.

Some proprietary firms also offer free repeats in some circumstances, and also free resets, to be able to reset our account before the challenge period is over, in case things are not going as we wanted.

Here’s the comparison for E8 Funding and True Forex Funds prop firms.

Free Stuff E8 Funding True Forex Funds
Free Trial
Free Repeat
Free Reset

Trading Styles

Some prop firms may be better for you than others depending on your trading style. In this table, you can see the comparison between the trading styles allowed by E8 Funding and True Forex Funds prop firms.

Trading Styles E8 Funding True Forex Funds
Scalping
Day Trading
Swing Trading
Copy Trading
News Trading
EAs/Bots/Algos Trading
Arbitrage Trading
HFT Trading

Trading Hours

Although most proprietary firms are more oriented to day trading, some allow holding positions overnight and even on weekends.

Here’s what is allowed by E8 Funding and True Forex Funds.

Trading Hours E8 Funding True Forex Funds
Holding Overnight
Holding Over Weekend

Trading Platforms

We all like to use the trading platform that we are used to. For this reason, prop firms support different trading platforms.

Here’s an extensive list of the platforms supported by E8 Funding and True Forex Funds.

Supported Platforms E8 Funding True Forex Funds
MT4
MT5
cTrader
TradingView
MatchTrader
DXtrade
Proprietary
Web
NinjaTrader
Tradovate
Rithmic
TigerTrade
OptimusFlow
InsideEdge Trader
Volfix
ATAS
Overcharts
Medved Trader
Quantower
QST
ScalpTool
TSLAB
TradeNavigator
SierraChart
MultiCharts
Photon
MotiveWave
RInvestor
Bookmap X-Ray
T4
Jigsaw Daytradr
Edgeclear
Finamark
Agena Trader
QScalp
Track N Trade
eSignal
Collective2
Trader Evolution
EdgeProX

Leverage

The leverage provided by the prop firm may be an important factor when choosing it. This is especially true for day trading or scalping, where the position size is usually significantly bigger than for swing trading.

Here’s a comparison of the leverage provided by E8 Funding and True Forex Funds prop firms.

Leverage CFDs E8 FundingTrue Forex Funds
Forex 1:501:100
Indices 1:251:100
Metals 1:251:100
Commodities 1:251:100
Stocks 1:10
Crypto 1:21:5
Leverage Futures E8 FundingTrue Forex Funds
Futures
Crypto (non-CFDs) E8 FundingTrue Forex Funds
Crypto

Payments

Proprietary firms have several ways of payment.

Here’s a table with the comparison between the payment methods accepted by E8 Funding and True Forex Funds.

Payment Types E8 Funding True Forex Funds
Wire Transfer
Paypal
Neteller
Skrill
Crypto
Credit Card
Google Pay
Payoneer
Coinbase
Binance
Revolut
Wise
Deel Card
Nuvei
Checkout.com
Confirmo
Perfect Money
PayRetailers
Paysera

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