Alpha Capital Group vs E8 Funding Comparison | DayFunded Review (2024)

Alpha Capital Group vs E8 Funding: An Informed Comparison

When assessing prop firms for potential partnership, it is essential for retail traders to consider a range of factors from capital allocation to trading conditions. In this critical review, we juxtapose two prop firms, Alpha Capital Group and E8 Funding, which both present attractive features but come with their specific constraints.

Capital Allocation and Profit Share

Alpha Capital Group boasts a commendable maximum capital provision of $2,000,000 with an impressive 80% profit share. This significant capital offering might be a strong pull for traders aiming to trade large scale. Conversely, E8 Funding's ceiling is at $1,000,000 with a similar profit share rate. Both firms offer bi-weekly payouts which cater to traders seeking regular income streams. However, the edge that Alpha Capital Group offers with the higher capital maximum could be a game-changer for seasoned traders who can handle large volumes efficiently.

Trading Conditions and Dashboard Features

Both firms embrace flexible trading conditions, permitting overnight, weekend, and news trading, which ensures traders aren't limited by stringent time-based rules. Moreover, each firm's scaling option with 1:100 leverage offers growth potential, yet E8 Funding stands out with its balance-based drawdown, which may be more forgiving for traders experiencing variable success rates.In contrast, the professional trading dashboard provided by Alpha Capital Group might appeal to traders who value robust analytics and streamlined trading management over other features.

Trading Instruments and Restrictions

A broader selection of trading instruments can be critical for diversifying and finding opportunity across markets. E8 Funding excels here by offering commodities, forex, indices, metals, and importantly, cryptocurrencies. Alpha Capital Group's offering feels limited in comparison, lacking the inclusion of crypto and metals.Furthermore, E8 Funding's absence of minimum trading day requirements contrasts positively against Alpha's more restrictive environment that imposes a lot size limit, consistency rule, and a minimum average trade duration.

Financial Transactions

For modern traders, flexibility in transaction methods is crucial. In this arena, E8 Funding appears more progressive by accepting both traditional forms of payment and cryptocurrencies. Alpha Capital Group may lose favor for its lack of crypto transaction options, but offers reliable methods such as bank wire transfers and Deel. With regards to withdrawals, both firms use Deel; however, Alpha extends another method through bank wire transfers potentially offering more convenience to its users.

Account Offerings

Account sizes vary widely between the two firms. Alpha Capital Group provides multiple options ranging from $10,000 to $200,000, catering to traders of different thresholds. E8 Funding appears less explicit in its offer, but denotes availability in multiple currencies—EUR, GBP, and USD—which might attract international traders.

Operational History

Both firms started in November 2021, so they share a similar time frame in the industry. While not an extensive period to judge reliability, their Trustpilot scores—4.6/5 for Alpha and 4.7/5 for E8 Funding—suggest a strong positive reception within the trading community.

Final Thoughts

In conclusion, retail traders have compelling choices between Alpha Capital Group and E8 Funding. Each presents notable strengths and limitations, necessitating a thoughtful consideration of personal trading style and requirements. Alpha Capital Group may suit those seeking high capital potential and a professional trading dashboard despite its limitations on trading instruments and more restrictive rules. E8 Funding, with its broader market access, less restrictive trading conditions, and cryptocurrency-compatible transactions, might resonate with the modern, versatile trader.Ultimately, both firms represent strong contenders in the prop trading arena, and the final decision should align closely with a trader's individual strategy and risk appetite.