E8 Markets vs TradeDay: Elite Prop Firms Comparison
Introduction
E8 Markets and TradeDay are two prominent prop trading firms offering funded trader programs for aspiring traders. E8 Markets stands out with its quick evaluation process and higher profit splits, earning a solid 4.3/5 on Trustpilot. TradeDay differentiates itself with its flexible trading parameters and innovative scaling plans, though with a newer presence on review platforms. Both firms provide pathways to funded accounts, but their evaluation methods, fee structures, and trading conditions vary significantly, making each suitable for different types of traders.
Quick Comparison
|
| Feature |
E8 Markets |
TradeDay |
|
 |
|
| Founded |
2022 |
2022 |
| Trustpilot Rating |
4.3/5 (300+ reviews) |
Limited reviews available |
| Profit Split |
Up to 90% |
Up to 85% |
| Minimum Account Size |
$25,000 |
$10,000 |
| Evaluation Phases |
1-phase Express Challenge |
2-phase evaluation |
| Review |
Read full review |
Read full review |
Program Types – Which experience fits your goals?
|
| Program |
E8 Markets |
TradeDay |
| Standard Evaluation |
Express Challenge (1-step evaluation) |
Standard Evaluation (2-phase process) |
| Instant Funding |
Available with higher fee |
Not available |
| Account Sizes |
$25K, $50K, $100K, $200K |
$10K, $25K, $50K, $100K, $200K |
| Scaling Plan |
Account size doubles after 10% profit |
Account size increases by 25% after every 10% profit |
| Demo vs Live |
Demo accounts for evaluation |
Demo accounts for evaluation |
Assessment Criteria – How can you pass the test?
|
| Criteria |
E8 Markets |
TradeDay |
| Profit Target |
8% in Express Challenge |
8% in Phase 1, 5% in Phase 2 |
| Maximum Drawdown |
5% daily, 10% overall |
5% daily, 8% overall |
| Minimum Trading Days |
5 trading days |
10 trading days per phase |
| Time Limit |
30 days |
30 days per phase |
| Consistency Rules |
No specific consistency metrics |
Requires consistent trading across minimum days |
| News Trading |
Allowed with caution |
Restricted during major news events |
| Weekend Holding |
Not allowed |
Not allowed |
Fees and Pricing – How much will you pay?
|
| Option |
E8 Markets |
TradeDay |
| $10,000 Account |
Not available |
$99 one-time fee |
| $25,000 Account |
$215 one-time fee |
$139 one-time fee |
| $50,000 Account |
$315 one-time fee |
$209 one-time fee |
| $100,000 Account |
$415 one-time fee |
$299 one-time fee |
| $200,000 Account |
$615 one-time fee |
$499 one-time fee |
| Refund Policy |
No refunds on challenge purchases |
No refunds on evaluation purchases |
| Coupons |
Coupon Code |
Coupon Code |
| Review |
Read full review |
Read full review |
Platforms/Tools – What can you use?
|
| Feature |
E8 Markets |
TradeDay |
| Trading Platforms |
MetaTrader 4, MetaTrader 5 |
MetaTrader 4, MetaTrader 5 |
| Custom Indicators |
Allowed |
Allowed |
| EAs/Algorithms |
Allowed with restrictions |
Allowed with restrictions |
| Mobile Trading |
Supported via MT4/MT5 mobile |
Supported via MT4/MT5 mobile |
| Dashboard |
Proprietary trader dashboard |
Comprehensive trader dashboard |
| Performance Analytics |
Basic statistics |
Advanced trading metrics and analysis |
Available Options/Products
|
| Options |
E8 Markets |
TradeDay |
| Tradable Assets |
Forex, Indices, Metals, Energies, Cryptocurrencies |
Forex, Indices, Metals, Energies |
| Currency Pairs |
40+ pairs |
28+ pairs |
| Crypto Trading |
Available |
Limited options |
| Account Currencies |
USD |
USD, EUR |
| Trade Copying |
Not supported |
Not supported |
Technical Capabilities/Performance
|
| Feature |
E8 Markets |
TradeDay |
| Execution Speed |
Market execution |
Market execution |
| Spreads |
Variable, market-competitive |
Variable, market-competitive |
| Maximum Leverage |
1:100 |
1:100 |
| Stop Loss Requirements |
Required on all trades |
Required on all trades |
| Server Locations |
New York (NY4) |
London, New York |
| Maximum Lot Size |
Scales with account size |
Scales with account size |
Trader Support & Resources
|
| Feature |
E8 Markets |
TradeDay |
| Customer Support |
Email, Live Chat |
Email, Live Chat, Discord |
| Response Time |
24-48 hours typically |
24 hours typically |
| Educational Resources |
Limited resources |
Blog, trading guides, webinars |
| Community |
Small but growing community |
Active Discord community |
| Payout Processing |
Bi-weekly payouts |
Weekly payouts |
| Payout Methods |
Bank transfer, Crypto |
Bank transfer, PayPal, Crypto |
Conclusion and Final Recommendation
|
| Key Element |
E8 Markets |
TradeDay |
| Strengths |
One-phase evaluation, higher profit splits (up to 90%), faster path to funding, competitive scaling plan |
Lower entry costs, more account size options, more gradual scaling plan, better educational resources, more payment options |
| Weaknesses |
Higher evaluation fees, limited educational resources, fewer account size options |
Two-phase evaluation process creates longer path to funding, slightly lower profit splits |
| Best For |
Experienced traders who want a streamlined evaluation process and higher profit splits |
Traders who prefer more affordable entry options and need more time to demonstrate consistent profitability |
| Final Grade |
4.2/5 |
4.1/5 |
| Discount Codes |
Coupon Code |
Coupon Code |
| Review |
Read full review |
Read full review |
FAQ
What makes E8 Markets popular among users?
E8 Markets has gained popularity primarily due to its simplified one-phase evaluation process, which provides a faster path to funded trading compared to traditional two-phase challenges. Traders also appreciate the higher profit splits (up to 90%) and the aggressive scaling plan that doubles account sizes after achieving 10% profit. The straightforward rules and absence of complex consistency metrics make it attractive for experienced traders who want to quickly demonstrate their trading abilities without navigating multiple evaluation phases.
How does TradeDay differ from other similar organizations?
TradeDay distinguishes itself with its more affordable entry points (starting at $99 for a $10K account) and flexible scaling system that increases account size by 25% increments, providing a more gradual growth path. Unlike many competitors, TradeDay offers a robust educational component including webinars and a supportive community through their Discord. They also provide more payment options for withdrawals, including PayPal, and offer weekly payouts instead of the bi-weekly or monthly schedules common among other prop firms.
Which firm offers better profit splits between E8 Markets and TradeDay?
E8 Markets offers slightly better profit splits with traders able to earn up to 90% of profits on funded accounts, compared to TradeDay’s maximum of 85%. However, the profit split advantage should be weighed against other factors like evaluation fees, scaling plans, and how quickly you can reach funded status. E8’s one-phase evaluation combined with higher profit splits may result in better overall compensation for consistently profitable traders, while TradeDay’s lower entry costs might offset the slightly lower split percentage for traders just getting started.
Can I trade with EAs or algorithms with both companies?
Both E8 Markets and TradeDay permit the use of Expert Advisors (EAs) and algorithmic trading, but with certain restrictions. Neither allows excessive scalping or high-frequency trading strategies that might be considered latency arbitrage. Both firms require that your EA demonstrates a logical trading approach rather than exploiting platform quirks. While automated trading is allowed, both companies monitor trading patterns and may request explanations for unusual activity. Before deploying an EA, it’s recommended to check the latest terms as algorithmic trading policies can change based on market conditions.
Which company is better for beginners in proprietary trading?
TradeDay generally offers a more beginner-friendly environment due to its lower-cost entry options (starting at $99 for a $10K account), more extensive educational resources, and active community support through Discord. The two-phase evaluation, while longer, gives beginners more time to develop consistent trading habits. Additionally, TradeDay’s more gradual scaling plan (25% increases) creates a smoother progression path. E8 Markets, with its one-phase challenge and higher fees, is more suited to experienced traders who are confident in their ability to meet profit targets quickly.
How was this 2 companies Comparison Created?
1. We Collect
Our team gathered comprehensive data directly from E8 Markets and TradeDay’s official websites, terms of service documents, and public announcements. We supplemented this with verified user reviews from Trustpilot, forex forums, and social media communities. We also conducted interviews with actual traders who have used both platforms to understand their real-world experiences beyond the marketing materials.
2. We Examine
Our industry experts with backgrounds in proprietary trading and financial markets analyzed all collected information. We verified the accuracy of each firm’s claims about their evaluation processes, profit splits, and scaling plans by cross-referencing multiple sources. We tested publicly available demos and interfaces where possible and consulted with compliance specialists to assess the regulatory positioning of each company.
3. We Score
Each company was evaluated using a weighted scoring system across multiple categories: evaluation structure (20%), profit split and payout terms (20%), trading conditions and platform quality (15%), pricing and value (15%), scaling opportunities (10%), customer support (10%), and educational resources (10%). These scores were combined to create our final ratings, with extra consideration given to factors most important to active traders.
4. You Choose
This comparison is designed to help you identify which prop firm better aligns with your trading style, experience level, and financial goals. Consider your specific needs: if you’re an experienced trader seeking faster funding and higher profit shares, E8 Markets may be your better option. If you prefer lower entry costs and more gradual progression with better support, TradeDay might be more suitable. Always review the most current terms and conditions before making your final decision, as prop firms regularly update their offerings.
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