E8 Funding - Prop Trader (2024)

E8 Funding, based in the United States, began in early November 2021. With offices based in not only Texas, Dallas, and the Czech Republic too, they offer funding of up to $1,000,000 to traders worldwide with an 80% profit split. – Decent.

E8 Funding - Prop Trader (1)

What they offer:

E8 Funding offers 2 types of programs to their traders,

  • E8 Evaluation Program
  • ELEV8 Program

E8 Funding - Prop Trader (2)

The Evaluation program is your standard 2-phase challenge in which you have to reach 2 profit targets and only then will you receive a funded account to trade with. You could also decide if you want to trade a USD, EUR or GBP account with a leverage of 1:100.

Phase 1 requires you to reach a profit target of 8% within 30 days from your first trade, while not violating the maximum daily loss of 5% or overall maximum loss of 8%. – Pretty standard. There are no minimum trading days needed.

Phase 2 is the exact same as phase 1, except you now have 60 days to reach your target.

After completion of both phases, you will receive your funded account. Remember, your 5% maximum daily loss and 8% overall maximum loss still applies, however, you have no profit target to reach and an 80% profit split – Nice!

An interesting thing with this firm is that with each withdrawal you make, your maximum loss increases by 1%, to a total of 14%. -Innovative!

E8 Funding - Prop Trader (3)

The ELEV8 program is also a 2-phase challenge, but instead of a normal funded account being given you will receive a funded account with 1:100 leverage and no profit targets! – That is interesting.

Phase 1 requires you to reach a profit target of 8% within 30 days from your first trade, while not violating the maximum daily loss of 5% or overall maximum loss of 8%. – Pretty standard. There are no minimum trading days needed.

Phase 2 is the exact same as phase 1, except you now have 60 days to reach your target.

After completion of both phases, you will receive your ELEV8 funded account. Remember, your 5% maximum daily loss and 8% overall maximum loss still applies, however, you have no profit target to reach and an 80% profit split.

Again, with each withdrawal you make, your maximum loss increases by 1%, to a total of 14%.

Scaling plan:

The E8 Evaluation Program offers a scaling plan which is too pretty interesting, with each withdrawal made, you increase your account size. After receiving your 80% profit split, E8 will reset the account balance back to what it was at the time of your withdrawal.

The ELEV8 Program offers a scaling plan where each 16% gain in account balance within 30 calendar days will increase your funding by $100,000 each time up to $1,000,000.

E8 Funding - Prop Trader (4)

When can I expect my first payout?

Your first payout is 8 calendar days from the day you place your first position on your funded account while all other withdrawals can be submitted on a bi-weekly basis on both the E8 Evaluation Program and the ELEV8 Program.

The math:

So using the $25,000 E8 Account as an example, here is what you’re dealing with.

A 8% Maximum drawdown = $2000 ($25,000/8), a 5% Daily drawdown = $1250 ($25,000/5) and an 8% profit target = $2,000 ($25,000/8%). All this for $228. So technically, you’d pay $228 for a maximum drawdown of $2000. ( The same funding amount and restrictions are offered bythe majority of 2-step phase prop firms, however, E8 Funding have smaller profit targets to reach!)

Using correct risk management to avoid violating the maximum drawdown of 8%, , you would only be able to take 10 trades with a $200 stop loss for each trade at a lot-size of 0.20 using a 10 pip stop loss, or around 0.10 using a 20 pip stop loss – So if you manage to hit your stop loss 10 times in a row (depending on lot-size – lower lot-size uses less equity and minimizes risk), you’ve managed to violate the drawdown rule, but remember, BE VERY WARY of the 5% daily drawdown limit… which is set at $1250. So per day, you are actually limited to let’s say only 10 trades with a $125 stop loss for each trade at a lot-size of around 0.12/0.13 using a 10 pip stop loss, or around 0.05/0.06 using a 20 pip stop loss – See how this affects you? It is very easy to violate this. Again, it is so common for traders to be taken out because of a daily drawdown limit.

Is E8 Funding for me?

Each trader is unique in their own style of trading, E8 Funding offer 2 types of account models with pretty much no restrictions on your trading style as you are permitted to trade during news events and hold traders overnight and on weekends.

If you are a trader that enjoys a challenge or 2-step evaluation program like FTMO and alike, then E8 Fundings’ Evaluation and ELEV8 programs will be just for you. These 2-phase accounts require an 8% profit target, a 5% maximum daily drawdown, and an 8% overall maximum drawdown which you need to pass in order to qualify for a funded account to then receive any future payouts. If you are looking to manage large amounts of capital, then E8 Fundings’ scaling plan might interest you.

E8 Fundings’ programs have no minimum trading day requirements and have a competitive profit target of 8% instead of the 10% industry standard. – Decent.

Is this possible?

In an industry where prop firms are popping up left, right, and center, it is important to see what the firm in question has to offer as a whole and compare it to what you would most likely be able to adapt and overcome.

If you are a trader that trades very actively with aggressive risk management, then a prop firm with a daily drawdown won’t accommodate your style, instead, you would look for a firm that offers an overall maximum drawdown and no daily drawdown as this minimizes your chances of violating a rule and losing the account.
E8 Fundings’ models are only industry competitive because they have a below standard profit target of 8%, thus your chances of reaching the target are much easier than what your chances are with FTMO’s 10% profit target. However, be very wary of their daily drawdown of 5%. Using incorrect risk management or overtrading will easily get you to violate it before you know it.

Overall, E8 Funding has fair trading objectives and a welcoming profit split.

Contact Support:

Email: [email protected]

LiveChat on website available Mon-Fri 07:00-18:00 CST; weekends 11:00 – 14:00 CST.

Frequently Asked Questions: Page

FaceBook: Group

Sign-up Process:

Simply follow these simple steps to successfully join E8 Funding:

1) Sign up for E8 Funding and Confirm your email address.

E8 Funding - Prop Trader (5)

2) Choose an Account type.

E8 Funding - Prop Trader (6)

3) Choose Account amount.

E8 Funding - Prop Trader (7)

4) Setup your account.

E8 Funding - Prop Trader (8)

5) Receive the order confirmation, and choose a payment method.

E8 Funding - Prop Trader (9)

Conclusion:

With over 350 reviews to date at a score of 4.8/5 stars on TrustPilot, E8 Funding are definitely among one of the top in this industry.

That is it for this review, if you would like to sign up with E8 Funding, then click here!

Please leave a comment below, and don’t forget to share this review by clicking the Facebook Share button above this review.

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E8 Funding - Prop Trader (2024)

FAQs

Does E8 allow US traders? ›

We accept clients from all over the world, but to receive payouts, all E8 Traders have to undergo plane.com KYC or riseworks.io KYC.

Is E8 funding a good prop firm? ›

E8 Funding is a newer Forex prop firm founded in 2021. It has a 4.7 out of 5.0 rating on Trustpilot based on 1,081 reviews.

Are prop traders profitable? ›

Although commonly viewed as risky, proprietary trading is often one of the most profitable operations of a commercial or investment bank.

What is the maximum funding for E8? ›

In the E8 Trader stage, you can have a maximum of $400,000 in total In E8 Classic and E8 Track Allocation + $400,000 in E8 One and $200,000 in E8 Pro v. 1 account.

Does E8 accept US clients? ›

Are clients from US accepted? Our US-based clients may purchase any account of their choice. They can access newly issued accounts only on Matchtrader (Platform 5 is no longer available).

Which broker does E8 use? ›

Trading Platforms
BrokerTrading Platform
E8 FundingMT4, MT5
FBSMT4, MT5
SwissquoteAdvanced Trader, MT4, MT5
LIGHT FXMetaTrader 4

Which is the most trusted prop firm? ›

The most popular prop trading firms and funded programs
  • Axi Select.
  • FTMO.
  • The Forex Funder.
  • E8 Markets.
  • The 5%ers.
  • Funded Next.
  • Funded Trading Plus.

Does E8 pay out? ›

We as E8 Markets can appreciate consistent traders with great results. That's why we have brought a unique feature to our E8 Traders, which is payout-on-demand.

How much does the average prop firm trader make? ›

What is the Average Prop Firm Traders Salary? At the starting level, prop firm traders generally receive a salary over $80,000. In the intermediate range, there are also more experienced traders making over $102,000. Those who are highly skilled or lifetime traders can earn more than $165,000 annually.

How many hours do prop traders work? ›

While the hours a prop trader works can differ based on their experience, location, prop firm, and the market they trade in, they usually put in extensive hours. Generally, a workweek consists of about 50 hours, with workdays often stretching to 12-14 hours each day.

Is prop trading risky? ›

Why Is It Risky? For retirees, the primary concern with prop trading lies in the volatility and complexity of financial markets. Unlike more traditional retirement income sources, such as pensions or annuities, prop trading can lead to substantial losses in a short period, potentially jeopardizing financial security.

Can you make a living with prop trading? ›

Prop traders often get a base salary, a cut of the profits and performance bonuses. Six- or seven-figure incomes aren't rare in prop trading. Don't Miss: Webull and Robinhood may have revolutionized stock market investing, but this prop trading firm is reshaping the game for profitable traders.

Does E8 funding pay out? ›

Users of standard E8 Classic Accounts are eligible to receive their first payout after 8 days, and then every 14 days after each payout thereafter.

What is the pay scale for E8? ›

E8 Salary
Annual SalaryHourly Wage
Top Earners$49,500$24
75th Percentile$40,500$19
Average$37,477$18
25th Percentile$32,000$15

What is the alternative to E8 funding? ›

Yes, there are many sites offering similar services to E8 Markets. These include FunderPro, City Traders Imperium, Lux Trading Firm and many more. If you are looking for an alternative to E8 Markets, FunderPro is currently rank as the number one on the list of top Forex Prop Firms.

Does E8 funding allow copy trading? ›

▪️ You cannot copy trades (or use the same trading ideas) between multiple E8 evaluation accounts. Each evaluation must be done independently.

Does E8 funding use MetaTrader? ›

Overview: Automatically journal your trades from E8 Funding LTD (via MT4/MT5) by adding your trades with our easy methods!

Can I use EA on E8 funding? ›

Can I use indicators or expert advisors when trading the E8 Account? Tools you can use while trading with us: Algo, EA, Bots and Indicators. Yes, users are free to use any indicator they wish as long as it is a trade or risk manager. Using any other third-party Expert Advisor is not allowed.

What is the E8 funding rule? ›

E8 Funding Rules - E8 Account and E8 Track modes

#1 Challenge Time: Unlimited. #2 Daily Drawdown: 5% #3 Maximum Drawdown: 8% #4 Minimum Trading Day: No minimum trading day required. #5 Profit Target: The virtual profit in the first stage of the E8 Account model is 8%, and the virtual profit in the second stage is 5%

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