E8 Markets: Review and Analysis [2024]

To make the review complete and comprehensive, it is essential to list the advantages and disadvantages of E8 Markets prop trading firms. Let’s start with the advantages.

E8 Markets is an American company that specializes in proprietary funding and has a b reputation in the industry. Their goal is to provide traders in the Forex and CFD markets with the tools and knowledge they need to succeed. Significantly, the company not only provides monetary assistance but also prioritizes the identification and nurturing of trading abilities. The basis of this platform lies in providing assistance and opportunities for traders to excel in the competitive trading industry.

E8 Markets offers a reliable platform for traders who successfully pass a thorough assessment, which includes an 80% profit-sharing opportunity. This program encourages traders by directly linking their success to the company’s overall financial well-being. In addition, they fully refund evaluation fees upon successful completion, demonstrating their dedication to the development of traders and fostering a long-term partnership. With the E8X Dashboard, traders can gain access to exceptional trading insights and a wide range of tools. This platform boosts their analytical abilities, enhancing their strategies in the realms of Forex and CFD trading.

E8 Market’s fundamental principles and operational strategies are dedicated to fostering the growth and development of experienced traders. They offer crucial resources, financial support, and opportunities for thriving in global markets.

E8 Markets of Key Features

In the Forex prop firm sector, which is still in its infancy, E8 Funding adheres to best practices that are replicated throughout the industry.

• An evaluation consisting of two or three stages, with a profit goal of eight percent
• There is no minimum number of trading days.
• Phase one lasts for thirty days, phase two lasts for sixty days, and phase three has a profit objective of five percent.
• Traders who do not breach the trading parameters but do not meet the profit objective are eligible for free retransmission of the trade.
• There is a maximum leverage of one hundred percent for trading platforms MT4 and MT5.
• Five percent of the daily drawdown limit
• An overall drawdown limit of eight percent, calculated depending on the initial capital.
• A cost for evaluation that is refundable.
• The maximum drawdown limit is increased to 14% with the implementation of a multi-step scaling plan.
• Automated trading software
• Free trial period of fourteen days
• Account basic currencies consist of three
• 39 different currency pairs, many of which are unusual and include emerging markets.
• There are three commodities.
• Five indices.
• The five cryptocurrencies
• Listed in the United States are four blue-chip stocks.

Dylan Elchami, the mastermind behind E8 Markets, had a clear goal in mind: to create a one-of-a-kind and easily accessible platform for people to transform into professional traders, managing funds from anywhere in the world. He not only accomplished this goal but also remains committed to improving E8 Markets’ offerings and conditions, consistently attracting more traders to join his exclusive trading company.

One of his main focuses in his industry is his dedication to making the trading process more accessible for individuals through building solid partnerships and providing advanced software solutions. In order to guarantee that traders have the best possible experience, he employs a team of in-house engineers who work tirelessly to offer top-notch support at all times.

Website:	https://e8markets.com
Established:	November 2021
Account currency:	USD
Trading Platforms:	Match-Trader
Account Size:	$10,000, $100,000, $200,000, $25,000, $400,000, $5,000, $50,000
CEO:	Dylan Elchami
Leverage:	Up to 1:100
Instruments that can be traded:	Forex, Indices, Metals, Commodities, Crypto
Profit Sharing:	80%
Payment Methods:	Credit/Debit Card, Crypto
Email:	[email protected]

After discussing the essential aspects to consider when assessing a prop firm, let’s address the query—is E8 Funding Prop Firm a reputable company? Absolutely, without a doubt. E8 Funding Prop Firm is highly regarded by traders seeking a dependable and reputable prop firm trading.

• Legal/License: Since its founding in 2021, E8 Funding has been a relatively new Forex prop business. There are 1,081 reviews on Trustpilot, and it has received a rating of 4.7 out of a possible 5.0. There is a legitimate organization. However, there is a lack of openness regarding their management team, and we would be grateful for information regarding their brokers and liquidity providers. E8 Funding responds to the majority of unfavorable evaluations within forty-eight hours, and the majority of these critiques concern large spreads, fees, slippage, and occasional technical difficulties.
• Reputation: E8 Funding Prop Firm is highly regarded in the trading community. With more than ten years of experience in the industry, the company has established an impressive history of accomplishments and has assisted countless traders in reaching their financial objectives. This clearly demonstrates the company’s dedication to offering traders an exceptional trading experience.
• Safe: E8 Funding Prop Firm is regulated by the National Futures Association (NFA) and proudly holds membership in the National Introducing Brokers Association (NIBA). This indicates that the company functions within stringent regulatory parameters and must comply with established industry norms. Traders can rest assured that their funds are well-protected and secure with E8 Funding Prop Firm.

E8 Markets stands out from other top prop firms by providing three distinct account options: a two-step evaluation, a three-step evaluation, and a one-step evaluation. Moreover, they offer a wide range of advantageous characteristics, including the ability to adjust drawdown scaling, an unrestricted trading period, no mandatory minimum trading day criteria, the option to make a first withdrawal after just 8 calendar days, a reasonably priced E8 Track evaluation, and the chance to personalize your two-step or three-step program.

The E8 Account offered by E8 Markets is a comprehensive evaluation process that traders must complete in two distinct phases in order to qualify for payouts. The desired profit goal for phase one is 8%, which then decreases to 4% in phase two. It is important to adhere to the maximum daily loss of 4% and the maximum loss limit of 8%. There are no specific trading day requirements that you need to meet during either of the evaluation phases. The E8 Account also offers a one-of-a-kind scaling plan, enabling traders to effectively handle even larger account sizes. In comparison to other funding programs in the industry, the E8 Account distinguishes itself by offering an indefinite trading period, no mandatory trading day quotas, a drawdown scaling account function, an initial withdrawal option after just 8 calendar days, and the ability to personalize your two-step program.

E8 Markets offers the E8 Track, a comprehensive three-step evaluation process that traders must complete in order to qualify for payouts. The desired profit margin for phase one is 8%, while for phases two and three it is 4%. Additionally, there are rules in place to limit daily losses to a maximum of 4% and maximum overall losses to 8%. There are no specific trading day requirements that you need to meet during any of the three evaluation phases. The E8 Track also offers a one-of-a-kind scaling strategy, enabling traders to effectively handle larger account sizes. In comparison to other funding programs in the industry, the E8 Track is unique in several ways. It offers an unlimited trading period, a drawdown scaling account feature, the ability to make a first withdrawal after just 8 calendar days, affordable evaluation fees, and the option to customize your three-step program.

E8 Markets stands out from other top prop firms with its range of distinctive account types: a two-step evaluation, a three-step evaluation, and a one-step evaluation. Moreover, they offer a wide range of advantageous characteristics, including the ability to adjust drawdown scaling, an unrestricted trading period, no obligatory minimum trading day criteria, an initial withdrawal option after just eight calendar days, a reasonably priced E8 Track evaluation, and the chance to personalize your two-step or three-step program.

E8 Markets gives its traders the opportunity to participate in one of three distinct financing programs:

E8 Markets offers traders the chance to handle account sizes that range from $5,000 to $100,000 with their E8 Account. The goal is to find skilled traders who are successful and can effectively handle risk during the two-part assessment phase. The E8 Account offers the opportunity to engage in trading with leverage of up to 1:50.

In the first evaluation phase, traders must achieve a profit goal of 8% without exceeding their maximum daily loss limit of 4% or violating the 8% maximum loss rule. There are no specific minimum or maximum trading day obligations in phase one. To move on to the next stage, you need to achieve the 8% profit goal without surpassing the daily or overall loss limits.

In the second evaluation phase, traders aim to achieve a profit target of 4% without exceeding their maximum daily loss of 4% or maximum loss limit of 8%. There are no specific minimum or maximum trading day obligations in phase two. To achieve funded status, you need to meet the 4% profit goal without surpassing the daily maximum or maximum loss limits.

After completing both evaluation phases, you will receive a funded account with no minimum withdrawal conditions. It is crucial to adhere strictly to the guidelines of limiting daily losses to a maximum of 4% and overall losses to a maximum of 8%. Your initial payment will be made eight days after you open your first position on your funded account, while subsequent withdrawals can be requested every two weeks. You will receive a profit split of 80% based on the profit generated from your funded account. Your maximum loss rule goes up by 1% for every successful withdrawal you make, up to a maximum of 14%.

Traders can manage account sizes ranging from $10,000 to $400,000 through the use of E8 Markets’ E8 Track. You can trade with leverage of up to 1:50. A trader must achieve a profit objective of 8% during the first phase of evaluation while also ensuring that they do not exceed their 4% maximum daily loss or 8% maximum loss regulations. There are no limits for a minimum or maximum number of trading days in phase one. You need to reach the 8% profit objective without violating the maximum daily or maximum loss limit to move to the second phase.

In the second phase, a trader is required to achieve a profit objective of 4% while ensuring that they do not exceed their maximum daily loss of 4% or their maximum loss of 8%. There are no limits for a minimum or maximum number of trading days in phase two. To move to the third phase, achieve the 4% profit objective without violating the maximum daily or maximum loss limit.

In the third step of evaluation, a trader must achieve a profit objective of 4% while avoiding exceeding their maximum daily loss limits of 4% or their maximum loss rules of 8%. There are no limits for a minimum or maximum number of trading days in phase three. To move on with the funded status, achieve the 4% profit objective without violating the maximum daily or maximum loss limit.

You will be granted a funded account that does not have any minimum withdrawal limits if you complete all three parts of the review prop firms process. You must only adhere to the guidelines that stipulate a maximum daily loss of 4% and a maximum loss of 8%. Your first payment will be made eight calendar days after you place your first position on your funded account, and all further withdrawals can be filed every two weeks. Your profit share will be eighty percent, and your maximum loss rule will grow by 1% for every successful withdrawal you receive, up to a maximum of 14%.

One Account

E8 Markets One Account gives traders a chance to handle account sizes ranging from $5,000 to $200,000, giving them ample flexibility in their trading. You can trade with leverage of up to 1:50. For a trader to be considered successful during the assessment phase, they must achieve a profit objective of 10% while adhering to their criteria regarding maximum daily loss of 4% and maximum trailing loss of 6%. There are no limits for a minimum or maximum number of trading days. The only thing that is expected of you in order to move on with the funded status is to accomplish the 10% profit objective without breaking the rules of the maximum daily or maximum trailing loss limit.

After you have completed the assessment process, you will be given a funded account that does not have any minimum withdrawal limitations. You need to adhere to the regulations regarding the maximum daily loss of 4% and the maximum trailing loss of 6%. Your first payment will be made eight calendar days after you place your first position on your funded account, and all further withdrawals can be filed every two weeks. Your profit share will be eighty percent.

The E8 platform provides a Drawdown Scaling Plan that enables traders to boost their prop trading account balance and expand the maximum losses (drawdown) whenever they generate profits through the scaling program. Here is a detailed breakdown of the plan:

1. Step 1: Traders can withdraw their profits once they fulfill the conditions set by the E8 Markets center.
2. Step 2: After submitting the request, the trader will receive 80% of their earnings within eight days, followed by regular withdrawals every two weeks.
3. Step 3: The E8 platform keeps the profits the trader has made in their account, enabling them to keep trading with the boosted balance.
4. Step 4: Whenever there are successful trading outcomes, the maximum allowable losses (drawdown) are gradually increased by an additional 1% until reaching a total maximum loss level of 14%.

Profit Splits

The division of profits between the trader and the firm is another vital aspect to take into account when selecting a prop firm. E8 Funding Prop Firm adheres to the widely accepted practice of an equal 50/50 distribution of profits. Traders have the opportunity to retain 50% of their earnings, with the remaining 50% being allocated to the firm. This is an equitable and rational division, as it encourages both parties to collaborate towards lucrative trading.

E8 Markets has established its market access by partnering with Virtual Markets, a leading liquidity provider. Virtual Markets is a fintech brokerage that specializes in B2B services and offers paper trading accounts. They provide E8 Markets with the necessary technical infrastructure for platforms and data channels.

This collaboration enables E8 to provide highly competitive spreads. Nevertheless, our in-depth analysis indicates that the E8 Custom Account Challenge may be less cost-effective compared to other options, mainly because of the significant expenses in relation to potential drawdowns.

Traders interested in trading in the currency market will be highly attracted to the E8 Market’s wide range of options. The platform not only includes significant forex pairs but also provides a wide range of exotic currencies. With this diverse lineup, traders can explore a wide range of forex trading options.

E8 Market offers a wide range of currencies, including popular and less commonly traded ones, allowing traders to expand and diversify their investment portfolios. This approach helps mitigate risks effectively and capitalize on market prospects.

Going beyond the forex markets, E8 Market also explores other crucial trading areas:

• Equity Markets: Traders can take advantage of high-quality stocks, enabling them to make well-informed equity investments.
• Index Trading: If you have a keen interest in tracking the overall market trends, E8 Market provides you with the opportunity to trade on the prominent U.S. and handpicked European indices.
• Commodity Assets: Traders can find a variety of commodities to choose from, including popular options like Gold and Crude Oil. These assets are essential for those seeking to protect or vary their investment portfolios.
• Cryptocurrency Trading: The platform has stayed up to date with current trading trends by incorporating a wide range of well-liked cryptocurrencies, serving the continuously expanding crypto market.
• VIX Speculation: The E8 Market offers a distinctive feature that allows traders to engage in market volatility speculation using the VIX. This enables them to capitalize on changes in market sentiment without directly exposing themselves to specific assets.

With its diverse range of trading instruments, E8 Markets expands the scope of trading opportunities. Furthermore, it boosts traders’ capacity to fully participate in various commodity assets and speculative markets, such as the VIX and cryptocurrencies.

Trading Platforms

The organization utilizes the MatchTrader platform, which provides a dependable atmosphere for trading. MatchTrader is well-known for its average spread values across a variety of products.

Trading Fees

Proprietary trading firms operate differently from traditional brokers, as they do not act as liquidity providers or facilitate trades in the market. Consequently, they are not required to obtain specific licenses. E8 Funding, for instance, collaborates with first-level providers instead of brokers, enabling traders to access highly competitive spreads and trading fees. It is worth noting that this prop firm does not impose any additional charges apart from the initial costs, which range from $138 to $988, depending on the account type and balance. Additionally, E8 Funding receives a 20% share of each partner’s net profits, which aligns with the standard conditions observed by most proprietary trading firms.

Is it difficult to open an account with E8 Markets prop firm? You don’t even have to spend more than 2 minutes of your time! In this E8 Markets brokers review, we will give a step-by-step guide to opening an account:

1. Sign up with E8 Markets by completing the registration form and accessing the E8X Dashboard with your personal information.
2. Select Your Account – Decide on your preferred account type, trading platform, trading currency, and account size.
3. Select Your Preferred Payment Option – Opt for either a credit/debit card or cryptocurrency as your payment method once you have successfully applied our exclusive discount code.
4. Get Your Login Details – Look out for an email from E8 Markets that welcomes you and provides a link to the E8X Dashboard. There, you’ll find all the information you need to access your recently acquired trading account.

Cooperating with E8 Markets prop trading firm, you definitely do not have to worry about payment methods – there are more than enough of them. Our company accepts all of the major credit cards, bank cards, and cryptocurrencies. The next part of our E8 Markets brokers review is to look at customer support.

Customer Support on E8 Markets Company

Customer service is available Monday through Friday from 4 a.m. to 4 p.m. and Saturday and Sunday from 8 a.m. to 1 p.m. (Central Standard Time). Traders can contact E8 Funding via email or live chat, but we lack phone support mainly because prop traders are independent contractors. The Help Center provides answers to many questions, and E8 Funding does an excellent job of describing its services.

Conclusion Review and Analysis About E8 Markets Prop Firm

Traders are provided with the opportunity to access a funded trading account with E8 Funding Prop Firm, which is an honest and respectable broker that does not require any initial financial contributions. E8 Funding Prop Firm is a fantastic alternative for traders of all levels since it has fair minimum trading criteria, a rapid withdrawal process, and a wide range of services and resources to choose from. It is thus unnecessary to seek any further than E8 Funding Prop business if you are looking for a prop business to launch your trading career.