E8 Funding : Reviews And In-Depth Analysis
E8 Funding is a prop trading firm located in the USA.
In this article, you’ll get a review of this prop firm, including analysis and instructions to get funded with an account from E8 Funding.
About E8 Funding
E8 Funding is a prop firm located in Dallas, Texas, USA. It was founded in 2021 so it’s a quite recent company.
What Can You Trade With E8 Funding?
E8 Funding is a prop firm that funds traders to trade Forex and other CFDs trading assets.
Here’s a list of all of them:
- Forex: All major, minor, and even exotic pairs are there if you are a Forex trader.
- Indices: Traded as CFDs, you have all the important indices available to trade including Dax, Nasdaq, Dow Jones, S&P500, and others.
- Metals: Silver and Gold.
- Commodities: Crude Oil.
- Crypto: BTC, ETH, DASH, LTC, and XRP.
- Stocks: TSLA, NFLX, AAPL, and FB (which should be META currently).
What Are The E8 Funding Account Sizes?
The E8 Funding funds traders with account balances that go from $25,000 up to $300,000.
With the scaling plan, your account can increase up to $1 million.
There are three different types of accounts that you can apply to. They are:
- E8 Account
- E8 Track
- ELEV8 Account
To get access to a funded account you need to pass a challenge, called “funding process”, which can have two or three phases, depending on the account chosen. The price of the challenge is different according to the account size that you are applying to.
The prices of the smaller funded account start at $228 and go up to $988 for the bigger account.
What Is The E8 Funding Leverage?
The leverage provided by the prop firm is different depending on what symbol you are trading.
Here’s a list of the leverage by trading asset:
- Forex Major pairs: up to 1:100
- Forex Exotic pairs: up to 1:50
- Commodities: up to 1:50
- Indices: up to 1:50
- Crypto: up to 1:5
How Much Is The E8 Funding Payout?
E8 Funding shares the profits with the trader with an 80% profit split. You get 80% of all the profits that you make once you get funded, and the prop firm keeps 20% for them. Unlike some other companies, there’s no minimum profit to receive your 80% share.
When trading the ELEV8 Account, the profit split can go up to 90%.
E8 Funding Reviews
According to Trustpilot, E8 Funding is classified as excellent. It’s scoring 4.7/5.0. It just doesn’t have tons of reviews. Less than 1000 yet, but that’s understandable since it’s a recent company.
Challenge — E8 Account
The E8 Account is one of the challenges that you can choose from, to apply to a funded account.
This challenge has two different phases. In each phase, you have to achieve a minimum profit target, within a trading period, without exceeding drawdown limits.
Let’s look at them in detail.
Phase 1
During this phase, you need to prove that you can trade responsibly and manage risk appropriately.
Here are all the details:
- Daily drawdown: Maximum of 5%
- Initial balance drawdown: Maximum of 8%
- Profit target: 8%
- Trading period: You need to achieve the profit target within 30 calendar days.
- Minimum trading days: You only need to trade one single day to pass this objective.
Phase 2
When it comes to phase 2, the profit target decreases, and the trading period to achieve the target increases. Here are all the details:
- Daily drawdown: Maximum of 5%
- Initial balance drawdown: Maximum of 8%
- Profit target: 5%
- Trading period: You need to achieve the profit target within 60 calendar days.
- Minimum trading days: You only need to trade one single day to pass this objective.
Challenge — E8 Track
This is a second challenge that you can choose from to get funded, and this one has three phases.
Why three phases?
Well, according to E8, it’s a lower-cost product directed to traders who are ready to manage capital and don’t mind going through an extra phase of evaluation.
Let’s look at all the details of the phases.
Phase 1
During this phase, you need to prove that you can trade responsibly and manage risk appropriately.
Here are all the details:
- Daily drawdown: Maximum of 5%
- Initial balance drawdown: Maximum of 8%
- Profit target: 8%
- Trading period: You need to achieve the profit target within 30 calendar days.
- Minimum trading days: You only need to trade one single day to pass this objective.
Phases 2 and 3
When it comes to phases 2 and 3 (the requirements and rules are the same for both), the profit target decreases, and the trading period to achieve the target increases. Here are all the details:
- Daily drawdown: Maximum of 5%
- Initial balance drawdown: Maximum of 8%
- Profit target: 5%
- Trading period: You need to achieve the profit target within 60 calendar days.
- Minimum trading days: You only need to trade one single day to pass this objective.
Challenge — ELEV8
The ELEV8 challenge also has two phases, exactly the same as the E8 Account challenge.
The main difference between the accounts is the scalability and the profit share. The ELEV8 account can be scaled up to $1,000,000 and the profit share can increase up to 90%.
E8 Funding EAs (Expert Advisors)
You can trade with any EA or indicator with E8 Funding.
The only restrictions are against high-frequency EAs and/or abuse of the market feed.
As long as the orders taken by the EA can be replicated on a live account, you’re good to go.
E8 Funding Free Trial
Unfortunately, E8 Trading doesn’t offer free trials at the moment, but you can get a free repeat which is also good.
E8 Funding Free Repeat
E8 Funding lets you repeat for free the challenges on certain conditions.
Scenario 1: You can repeat the challenge if you didn’t violate any drawdown rule and you ended up in profit, although you didn’t achieve the target profit. In this case, you’ll start over from Phase 1.
Scenario 2: If you end up the phase with a profit of over 4%, without violating any rule, you get a 14-day extension to keep trying to get to the target profit.
Use the promo code link below to get unlimited free repeats. Don’t forget to delete your cookies if you already visited the E8 Funding website.
Open An Account Now | ($59) Starting from $47
E8 Funding Platforms
E8 Funding gives you access to the most popular trading platform used by Forex brokers.
You can use:
- MetaTrader 4
- MetaTrader 5
This includes the mobile versions of the platform, either iOS or Android.
E8 Funding Trading Hours
There are no restrictions about having to close your trades at any particular time.
You can have trades open during the overnight rollover, and also during the weekend. You just need to be aware of possible gaps that may occur and that may make you break a rule.
Trading during the weekend is also allowed when trading crypto since the crypto markets are open 24/7.
You can keep your trades open for as long as you need, according to your own trading style.
E8 Funding News Trading
I have good news for you! (horrible joke…)
You can trade news releases without any problem.
As long as you’re careful with your risk management and are aware of the risks, you’re free to go.
Is E8 Funding Legit?
Yes, E8 Funding is a legit company.
Here are the contacts to reach them:
Address: 100 Crescent Ct, Unit 700, Dallas, TX 75201, United States
No phone number or email is provided, but you can also reach them on their website using Live Chat Support.
Recap
- E8 Funding is a prop trading firm based in the US.
- You can get a funded account with up to $1,000,000 in balance and up to 90% profit split payout.
- To get access to a funded account you need to pass one of three different challenges, depending on the account type that you want to apply to.
- You can trade Forex, Indices, Metals, Commodities, Stocks, and Crypto.
- The popular MT4 and MT5 platforms are available to trade.
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