E8 Funding Review
E8 Funding give you the funds and take the risk for you to trade. They have a simple 2-phase evaluation process which gives you access to manage up to $1,000,000 in trading funds and an 80% profit share once complete.
E8 Funding are looking for the top traders anywhere. Their main objective is to service clients and give them access to funding options and liquidity with a user-friendly experience that isn’t frequently found elsewhere. The E8X Dashboard software and tools are made to help prop traders become the best traders they can be, and they have established account parameters that keep the trader focused on a discipline.
Trading can be the pinnacle of freedom. However, just like with anything else, achieving this pinnacle of freedom necessitates a strategy replete with guidelines and discipline. You have access to these guidelines and, if you can demonstrate your abilities, the chance to handle $1,000,000 in trading funds.
About
In the centre of the USA is where E8 Funding is situated. Being one of the first proprietary trading companies with a US headquarters that provides funding globally is something that they take great pride in. They have operations in Dallas, Texas, and Prague, Czech Republic, and want to expand their trading floor internationally.
E8 Funding has made an effort to develop distinctive funding alternatives as well as a user-friendly path to becoming a qualified, funded trader, allowing users to remotely manage their capital from any location in the world.
They have created a user-friendly interface with the crucial data a trader requires and the best technology available to support it.
They aim to be the top proprietary trading firm in the world and give traders access to tier-1 liquidity. They want to give like-minded traders the finest fundraising experience they can by using their creative ideas.
You need to pass the E8 Funding 2-Phase Evaluation process to get access to manage an E8 funded account and start earning profits. Simply select the account type you want to use for trading, complete the application’s required stages, and they will issue your account after they receive payment. You will receive an email confirming this. Complete the evaluation process and manage up to $300,000 in less than one week.
Accounts
If you select an E8 Account or an ELEV8 Account, you will get a demo account where you must trade in accordance with the company policies for the particular product that you have selected. With extremely low commissions and spreads, your account conditions will be excellent.
You will move on to the second and final phase of the evaluation if you are able to pass all of the requirements in phase one of the E8 Funded account evaluation or ELEV8 account evaluation.
You will also receive a new account for step two, where the rules will be considerably simpler in this last stage before the funding.
| Account Types | E8 Account | ELEV8 program | E8 Track |
|---|---|---|---|
| Account Size & Fee | $25,000 (Fees: $228) $50,000 (Fees: $338) $100,000 (Fees: $588) $250,000 (Fees: $988) | $100,000 (Fees: $888) | $25,000 (Fees: $138) $50,000 (Fees: $208) $100,000 (Fees: $358) $250,000 (Fees: $598) |
Funding Process
The two-phase trading evaluation is called an E8 account, and it allows traders to choose a predetermined amount of capital to trade with. Simply decide how much money you want to handle, and then successfully complete the evaluation by achieving the Trading Objectives during Phases 1 and 2.
The ELEV8 account is comparable, but the initial balance will always be $100,000. Once you receive your ELEV8 Funded Account, it will be eligible for increases of $100,000 every 30 days as long as you abide by the Trading Objectives and Rules and hit the profit target of +16% in a 30-day trading period. They will boost your trading balance by $100,000 each time you reach the monthly profit goal until it reaches $1,000,000.
Phase-1
The initial stage of the trader evaluation is called Phase-1. The prop firm need to know you can trade sensibly and manage risk effectively before they allow you to trade an account linked to the firm’s money. Phase 1 has fair regulations, with the profit target being equal to the permitted drawdown. These policies are known as trading objectives. Traders have thirty days to finish this phase. Phase-2 can begin as soon as all of the Phase-1 Objectives have been met. You can try again for free if you follow the risk management guidelines, finish with a profit, but fall short of the profit goals.
Phase-1 Objectives:
- 8% Profit Target – Closed profit in your trading account.
- 5% Daily Loss – Maximum Running (floating) equity loss within 24 hours of CET time.
- 8% Maximum Loss – Maximum equity loss from your initial starting balance.
- Minimum trading days: 1 – Trade at least 1 day during the period. Trading day counts when you close an open position during the 24 hours of ET time.
- Maximum Days: 30 – This interval starts once you open your First Trade on the account.
Phase-2
The second phase of the trader evaluation is the final stage. Phase 2’s objective is to put your trading abilities to the test once more. The company must be certain that you can trade financially over the long term while maintaining the regulations and respecting your capital. The profit target is halved in Phase 2, and you have an entire 60 days to complete the trading goals here. When you complete all of the requirements, you will be designated as an E8 Funded Trader. You can try again for free if you follow the risk management guidelines, finish with a profit, but fall short of the profit goals.
Phase-2 Objectives:
- 5% Profit Target – Closed profit in your trading account.
- 5% Daily Loss – Maximum Running (floating) equity loss within 24 hours of ET time.
- 8% Maximum Loss -Maximum equity loss from your initial starting balance.
- Minimum Trading Days: 1 – Trade at least 1 day during the period. Trading day counts when you close an open position during the 24 hours of ET time.
- Maximum Trading Days: 60 – This interval starts once you open your First Trade on the account.
E8 Account
With the account size of their choice, traders can directly access the company’s liquidity through the E8 Account. If you pass the two-phase examination, you’ll get money and get to keep 80% of the revenue you bring in whilst they assume the risk.
ELEV8 Account
The E8 Funding method for finding traders that consistently make money is called ELEV8. Pass the two-phase evaluation process to get your funded ELEV8 account. The size of your account will be increased by $100,000 every 30 days if you meet the profit target, and you will keep up to 90% of the earnings made on the account.
E8 Funded Account
The E8 funded account is a simulated trading account that provides an 80% split of the trader’s profits. The company assume all risks while keeping 20%. They will link a trader’s account to the proprietary trading firms live account once they have funded their account and have agreed to the trader terms.
When you sign up to be a Funded Trader with E8, they have faith in your skills and work hard to provide you with the best trading conditions. Funded Accounts are linked to the live trading account with real money of the proprietary trading firm.
You are free to trade whenever you want and at your discretion because there is no obligation for a Profit Target. You should just follow the Maximum Daily Loss and Maximum Loss restrictions and exercise caution during significant news releases.
E8 Track Account
For traders who have demonstrated to themselves that they are capable of managing capital and don’t mind going through an additional phase of review, they offer E8 Track, a 3-Phase examination with a lower admission cost. Ultimately, the additional evaluation period in E8 Track is the main distinction between the two evaluation approaches.
As long as they adhere to the account Objectives and Rules, the trader is allowed to keep 80% of the profit they make on the funded E8 Track account at the end of each trading term. After 8 trading days, your first payout will be available, and you can withdraw your money at any moment after that. After each 14-day period, the remainder of your profit splits will be eligible.
E8 Track offers the standard E8 Scaling where you are able to keep your closed profits towards your balance even after withdrawals, so your account scales are based on your performance and on your own pace. The fee for E8 Track account is refundable with the first withdrawal.
Daily Drawdown
Daily Drawdown is initially determined by 5% of your account’s starting amount or scaled balance.
Then, during market rollover (00:00 UTC+2), the starting equity or the balance of each new day (depending on which is higher) are determined.
Example: If your balance is $100,000 and your starting equity at the start of the new day (00:00 UTC+2) is $103,000, your daily stop out level is $98.000 for the duration of that day, or until the equity resets with your new registered amount at the next market rollover.
Weekend Trading
All E8 Accounts, funded accounts included, are open for trading on the weekends. Weekend trading on crypto assets is also permitted. Please be mindful of the dangers posed by market gaps when trading currency pairs, indices, and commodities that do not remain open during weekend trading hours. Since they don’t want to restrict a trader’s strategy, it is your responsibility as a risk manager to assess the benefits and drawbacks of keeping a position over the weekend. The trader is accountable if a gap arises and results in a violation.
News Trading
As long as you are aware of the risks associated with a slippage, you are permitted to trade any news items throughout Phases 1 and 2 of the review for E8 and ELEV8.
To be clear, trading news will not directly violate the law. You should be aware that slippages do occasionally happen and that the trader is ultimately accountable if one results in a breach of the maximum loss guidelines.
Because the trades may not actually complete and result in a loss once connected to the proprietary trading firms live capital account, they cannot guarantee any gains produced during such high-risk news events and cannot shield you from any losses incurred. Trading during high-impact news releases is therefore best avoided, but it is not illegal.
Overnight Trading
You are permitted to maintain positions overnight. However, as a trader, you should be cautious of potentially unstable market conditions during a market rollover.
Because there is less liquidity across all pairings during a market rollover, they do not recommend trading during these times because all spreads will be badly impacted for both prop traders and the prop firm. When trading pairings containing the currencies AUD, NZD, CHF, and JPY, which are most impacted by midnight rollovers and bank rollovers, you should take extra precautions.
Keep in mind that E8 Funding will not cover any losses brought on by widening spreads or slippages.
Leverage
At the moment, E8 Funding offer up to 1:100 leverage. If you are looking for higher leverage, My Forex Funds go all the way up to 1:500 as an alternative prop firm to consider.
- Major currency pairs up to 1:100
- Exotics currencies up to 1:50
- Commodities & Indices up to 1:50
- Crypto up to 1:5
Payout
For any profits made at the conclusion of your 14-day trading period, merely request a pay-out at: Funded-Center, and they will process your money right away. After eight calendar days, the initial payment will be eligible (8 days from the first day of the first trade). Within 14 days, you can make any subsequent withdrawal requests.
In your E8X Dashboard, you may view the day that you are currently eligible for a withdrawal. The processing of the payouts takes 1-2 business days. You can use standard bank transfers, PayPal, Revolut, Wisepay, Payoneer, or claim your winnings from Letsdeel. For withdrawals, they don’t charge any commissions. However, the withdrawal processor might levy some fees.
You can get your 80% share regardless of whether you make a certain amount of money. Whatever profit is made, it will be split 80/20 and given to the trader.
Retry & Extension
You can retry or extend your account in your dashboard if you end up in profit, but do not meet the profit target. You are able to get retry only when your account expires. The retry option is available for 14 days after the expiration of the account. Retries are unlimited but the extension is available just once.
Retry specification:
- Phase-1: You can ask for free retry, if you are in profit and rules are not violated.
- Phase-2: You can ask for free retry, if you are in profit and rules are not violated, but you will start at phase-1 again.
- Phase-3: You can ask for free retry, if you are in profit and rules are not violated, but you will start at phase-1 again.
Extension specification:
- Be up at least 4%.
- Have 4 days or fewer to finish.
- You can ask for extend only in phase-1
- You can extend it by extra 14 days.
Scaling
Once you pass the two-phase review, your account balance starts off at $100,000 with the potential to grow by $100,000 every thirty days by meeting the monthly profit target. There is no time limit, however with strong performance traders can raise the balance to a total of $1,000,000 in nine months after getting the initial E8 Funded Account. If you decide to join the ELEV8 programme, keep trading consistently and if you make 16% or more profit each month, they will automatically raise your balance by $100,000.
Your account can be scaled nine times, with a funded account of $1,000,000 as the end result. Whether you successfully trade your $1,000,000 account after completing the ELEV8 programme, the risk assessment team will review your trading to see if they may promote you to a senior account manager role with benefits, such as a trading desk at one of their trading floors throughout the world. However, if you choose to trade from a distance, you are free to do so with your seven-figure account.
| Account size | Profit target (%) | Trading period | Scaled account size |
|---|---|---|---|
| $100,000 | 16%+ | 30 calendar days | $200,000 |
| $200,000 | 16%+ | 30 calendar days | $300,000 |
| $300,000 | 16%+ | 30 calendar days | $400,000 |
| $400,000 | 16%+ | 30 calendar days | $500,000 |
| $500,000 | 16%+ | 30 calendar days | $600,000 |
| $600,000 | 16%+ | 30 calendar days | $700,000 |
| $700,000 | 16%+ | 30 calendar days | $800,000 |
| $800,000 | 16%+ | 30 calendar days | $900,000 |
| $900,000 | 16%+ | 30 calendar days | $1,000,000 |
Expert Advisors & Indicators
You may use any indicator you like. You have complete control over your trading approach. Whether it be algorithmic trading, prop trading expert advisors, hedging, or discretionary trading, E8 Funding do not restrict or limit your trading strategy.
There is no restriction on your trading style or method as long as it is legal, complies with current market circumstances, and can be replicated in live capital accounts.
Even your choice of trading instruments or position size is unrestricted by them. There is only one prohibition on using high frequency expert advisors or abusing the market feed. To ensure that the risk is dispersed, they only let individual strategies to be developed by each trader; they do not permit many traders trading for E8 to employ the same EAs or algorithms. As long as you use proper risk management and abide by all Trading Objectives and Rules, you are free to trade any instruments or assets that are offered by your trading platform.
Copy Trading
Signal services and copy trading are not allowed. To trade their capital, the company are seeking for knowledgeable traders. The fundraising process will be broken if you use someone else’s signals on your own account.
Quick Setup
E8 Funding created one of the quickest, easiest sign-up process in the business. It just takes a few of minutes! Enter your details to get your account credentials after your payment has been approved. After that, your E8X dashboard will have login credentials available.
E8X Dashboard
You may monitor and track all of your account goals, accomplishments, and trade stats with the E8X Dashboard. It’s actually never been simpler to keep track of your trades and make sure you are on target to complete the challenges. To keep track of all your trading history as well as your trading objectives and rules, they have worked to provide the most user-friendly experience possible.
Brokers
You trade using the liquidity that is made available by the prop firms liquidity providers. Through the E8 MT4 Server, which they only use to collaborate with Tier-1 institutions, you may get minimal spreads with a commission and reliable execution speeds.
Platforms
E8 Funding currently offer MT4/MT5 web trader, IOS and Android app as well as MT4/MT5 desktop applications. MetaTrader is one of the most widely used and respected trading platforms. It has all of the trading tools that you need to built your own trading strategies. You can conduct in-depth market analysis, place and manage traders via the user-friendly interface.
Instruments
Clients have a good range of financial instruments to choose from. You can trade Forex, Commodities, Indexes, Equities, and Cryptocurrencies.
| Maximum capital | $1,000,000 |
| Profit split | Up to 80% |
| Scaling | Yes |
| News trading | Yes |
| Weekend trading | Yes |
| Automated trading | Yes |
| Free trial | No |
| Maximum leverage | 1:100 |
Overall, E8 Funding is emerging as one of the best prop trading firms out there. You gain the prestigious reputation of being a professionally backed forex trader when you join the E8 family of funded traders. With their back-end engine, you can access top-tier liquidity, cutting-edge technology, and analytics without putting your own money at risk.
Additionally, you have the option of managing a $1,000,000 trading account through the E8 tournament or ELEV8 programme. On the funded account you are trading with, you keep 80% of all gains you make, and they even cover any losses. The initial charge you paid with the first profit withdrawal from the Funded Account will also be refunded to you. You essentially have endless potential if you think you have what it takes.
How do I apply for a funded account?
If you select an E8 Account or an ELEV8 Account, you will get a demo account where you must trade in accordance with the policies for the particular program that you selected.
Are there any countries that E8 Funding do not accept?
Do I need a license to trade for E8?
What’s the process to receive capital from E8 Funding?
How quickly can I receive trading capital?
Trading for at least 1 trading day is the prerequisite for passing Phase-1.
Trading for a minimum of one trading day is necessary to pass Phase 2.
You are not required to wait until the evaluation is complete. Overall, it will only take you two trading days to manage your E8 Funded Account.
What happens when you pass E8 Funding challenge?
What happens if I break any of the rules?
How does the E8 funded account work?
Please be aware that all of the accounts they offer to clients are simulated accounts with fictitious funds in order to prevent any misunderstandings. The login information for a simulated trading account is given to a customer after they sign up to become an E8 Funded Trader, with the exception that the Funded Account is linked to the Proprietary Trading Firm’s genuine trading account with real money. That is how they actually make money. 80 percent of the gains made on the Funded Account are the traders’ to keep. This method gives them the ability to correctly manage risk without influencing the outcomes of your trades, allowing them to maintain a fluid process.
