The Good and Bad about E8 Funding
E8 Funding extends its funding opportunities to traders worldwide, driven by a fervent passion for discovering latent talents within their community. They are dedicated to forging distinctive paths to transform anyone into a skilled professional trader.
Pros
- Excellent Trustpilot rating of 4.7/5
- Free Trial
- Profit share 80%
- Affordable E8 Track program
- Bi-weekly payouts
- First payout after 8 days
- News trading allowed
- Overnight and weekend holding allowed
- Leverage up to 1:50
- Scaling account option
- E8 Track accounts have Balance-Based Drawdown
- No minimum trading day requirements
- A large variety of trading instruments (forex pairs, commodities, indices, equities, cryptocurrencies)
- Professional trading dashboard
Cons
- Slippage issues
- 5% Maximum daily equity-based drawdown
At E8 Funding, traders are motivated to thrive in their careers. The key requirement is the discipline to effectively manage risk and sustain long-term consistency. E8 Funding provides opportunities for traders to earn substantial profits by managing accounts with sizes of up to $250,000, allowing them to secure profit splits of 80%. Traders can accomplish this by engaging in trading activities across various financial markets, including forex pairs, commodities, indices, equities, and cryptocurrencies.
Who Are E8 Funding?
E8 Funding, established on November 5, 2021, stands out as a pioneering prop trading firm located in the United States. Their unique position allows them to extend funding opportunities to traders worldwide. The firm operates from strategic offices situated in Dallas and Texas, USA, with an additional presence in Prague, Czech Republic. E8 Funding empowers traders with the potential to manage balances of up to $300,000, offering an attractive 80% profit split. What sets them apart is the opportunity for traders to scale their funding based on the profits generated in their funded accounts. E8 Funding has forged a partnership with a tier-1 liquidity provider, ensuring access to the best simulated real market trading conditions through their trusted broker.
Funding Programs
At E8 Funding, traders have the flexibility to select from a range of funding program options, which include:
- E8 Evaluation Program Accounts
- Standard E8 Evaluation Program Accounts
- Extended E8 Evaluation Program Accounts
- E8 Track Program Accounts
Normal E8 Evaluation
E8 Funding’s normal evaluation program account is designed to recognize and support dedicated and skilled traders who demonstrate consistency during the two-phase evaluation process. This account provides traders with the flexibility to trade with leverage up to 1:50. Additionally, traders can select their preferred account funding currency from USD, EUR, or GBP, enhancing their trading experience.
Account Size
Price
$25,000
$228
$50,000
$338
$100,000
$588
$250,000
$988
In the initial evaluation phase, traders must achieve an 8% profit target without exceeding the 5% maximum daily loss or 8% maximum loss limits. There are no specific requirements for the minimum or maximum number of trading days during this phase. To progress to phase two, traders need to reach the 8% profit target while adhering to the daily and maximum loss limits fee.
The second evaluation phase involves achieving a 5% profit target while staying within the 5% maximum daily loss and 8% maximum loss limits. Similar to phase one, there are no set limitations on the minimum or maximum number of trading days during this phase. To attain funded status, traders must reach the 5% profit target while abiding by the daily and maximum loss limits fee.
Upon successful completion of both evaluation phases, traders receive a funded account without specific profit targets. They are required to follow the 5% maximum daily loss and 8% maximum loss rules. The first payout is processed eight calendar days after placing the initial position in the funded account, and subsequent withdrawals can be made bi-weekly. Traders receive an 80% profit split based on the profits they generate in their funded account. It’s important to note that the maximum loss limit increases by +1% with each successful withdrawal, up to a maximum of 14%.
Normal E8 Evaluation Scaling Plan:
Normal E8 evaluation program accounts offer a scaling plan, allowing traders to enhance their account size. By requesting a profit split at the conclusion of each trading period, traders receive an 80% profit split of their earnings, and their account balance before the withdrawal is added back to increase their account size.
For instance, if you are trading a $250,000 account and achieve a 10% profit, your account balance increases to $275,000. When you request a profit split, you receive a payout of $20,000 (80% of the $25,000 profit). This means that you can continue trading with an increased account size of $275,000.
The normal E8 evaluation program accounts allow trading in various instruments, including forex pairs, commodities, indices, equities, and cryptocurrencies.
Normal E8 Evaluation Rules:
Profit Target:
- A profit target is a specific percentage of profit that traders must achieve to complete an evaluation phase, withdraw profits, or scale their account.
- Phase 1 has an 8% profit target, while Phase 2 requires a profit target of 5%.
- Funded accounts have no profit targets.
Maximum Daily Loss:
- The maximum daily loss represents the most significant loss a trader can incur within a single day before the account is violated.
- All account sizes have a maximum daily loss limit of 5%.
Maximum Loss:
- The maximum loss refers to the greatest cumulative loss a trader can experience before the account is violated.
- All account sizes have a maximum loss limit of 8%, which can be scaled up to 14%.
Third-Party Copy Trading Risk:
- Using third-party copy trading services may expose traders to risks associated with following the same trading strategy as other users.
- Utilizing third-party copy trading services might result in a funded account or withdrawal denial if the trader exceeds the maximum capital allocation rule.
Third-Party EA Risk:
- Employing third-party EAs carries the potential risk of following the exact trading strategy as other traders who use the same EA.
- Using third-party EAs could lead to a funded account or withdrawal denial if the trader surpasses the maximum capital allocation rule.
Extended E8 Evaluation
E8 Funding’s extended evaluation program account is designed to recognize dedicated and skilled traders who consistently perform well during the two-phase evaluation process. This account offers 1:50 leverage, and traders can select their account funding in USD, EUR, or GBP.
Account Size
Price
$25,000
$228
$50,000
$338
$100,000
$588
$250,000
$988
Evaluation phase one mandates that a trader achieves an 8% profit target without exceeding the 5% maximum daily loss or 10% maximum loss limits. There is no specific requirement for the maximum number of trading days during phase one, but a minimum of five trading days is necessary to advance to phase two.
Evaluation phase two necessitates a trader to reach a 5% profit target without exceeding the 5% maximum daily loss or 10% maximum loss limits. Similar to phase one, there are no restrictions on the maximum number of trading days during phase two, but a minimum of five trading days is essential to progress to a funded account.
Upon successfully completing both evaluation phases, traders are granted a funded account free from profit targets. They are only obligated to adhere to the 5% maximum daily loss and 10% maximum loss rules. The initial payout is scheduled 14 calendar days from the date of placing the first position on the funded account, and all subsequent withdrawals can be made bi-weekly. Traders will enjoy an 80% profit split based on the profits earned in their funded account. It’s noteworthy that the maximum loss rule increases by +1% with each successful withdrawal, up to a maximum of 14%.
Extended E8 Evaluation Scaling Plan:
Extended E8 evaluation program accounts come equipped with a scaling plan that allows traders to boost their account balance. This is achieved by requesting a profit split at the conclusion of each trading period. Once approved, traders receive an 80% profit split of their earnings, and the balance is then reinstated before withdrawal, effectively increasing the account size.
For instance: Imagine you are trading with a $250,000 account and manage to secure a 10% profit. This success elevates your account balance to $275,000. When you request a profit split, you receive a payout of $20,000, equivalent to 80% of the $25,000 profit. With the profit of $25,000 on your initial $250,000 account, you continue trading with a balance of $275,000.
The extended E8 evaluation program accounts offer traders a diverse range of trading instruments, encompassing forex pairs, commodities, indices, equities, and cryptocurrencies.
Extended E8 Evaluation Rules:
Profit Target: This represents a specific profit percentage that a trader must achieve before advancing to another evaluation phase, initiating a profit withdrawal, or considering account scaling. Phase 1 mandates an 8% profit target, while Phase 2 requires a 5% profit target. Funded accounts have no specified profit targets.
Maximum Daily Loss: This refers to the highest permissible daily trading loss before the account is considered in violation. All account sizes share a uniform maximum daily loss limit of 5%.
Maximum Loss: This signifies the utmost cumulative trading loss a trader can incur before the account is deemed in violation. Across all account sizes, the maximum loss is capped at 10%, but it can be increased to a maximum of 14% through scaling.
Minimum Trading Days: This denotes the minimum number of trading days that must be completed to finish an evaluation phase or request a withdrawal. Both Phase 1 and Phase 2 necessitate at least 5 trading days. However, funded accounts do not impose a minimum trading day requirement.
Third-Party Copy Trading Risk: When considering the use of copy trading services from third-party providers, it’s crucial to be aware that other traders may be employing the exact same trading strategy. By using such services, there is a potential risk of denial for a funded account or withdrawal if the maximum capital allocation limit is exceeded.
Third-Party EA Risk: Utilizing third-party EA (Expert Advisor) services should be approached with caution, as there could be other traders employing the same trading strategy. This potentially puts a trader at risk of being denied a funded account or withdrawal if they surpass the maximum capital allocation limit.
E8 Track Program
The E8 Track program account is tailored to offer traders a chance to demonstrate their abilities and handle account balances of up to $250,000, all while being more cost-effective than the E8 evaluation program accounts. Traders who exhibit consistency across the three evaluation phases while trading the E8 Track program account are duly rewarded. This particular account also provides the flexibility of trading with 1:50 leverage.
Account Size
Price
$25,000
$138
$50,000
$208
$100,000
$358
$250,000
$598
E8 Track phase one necessitates that a trader achieves an 8% profit target without exceeding the 5% maximum daily loss or 8% maximum loss constraints. During this phase, there are no specific minimum or maximum trading day requirements. Advancement to phase two solely requires reaching the 8% profit target without violating the daily or maximum loss limits.
E8 Track phase two entails a profit target of 5% without surpassing the 5% maximum daily loss or 8% maximum loss parameters. Similar to phase one, there are no specific minimum or maximum trading day prerequisites. Transitioning to phase three only necessitates reaching the 5% profit target without breaching the daily or maximum loss restrictions.
E8 Track phase three entails achieving a 5% profit target while adhering to the 5% maximum daily loss or 8% maximum loss regulations. Similar to previous phases, there are no minimum or maximum trading day prerequisites. Progression to funded status solely requires reaching the 5% profit target without violating the daily or maximum loss restrictions.
Upon successful completion of all three evaluation phases, traders are granted a funded account without profit targets. The only requirements are adhering to the 5% maximum daily loss and 8% maximum loss rules. The initial payout is processed within 8 calendar days from the day the first position is placed on the funded account, while subsequent withdrawals can be made on a bi-weekly basis. It’s important to note that the maximum loss rule increases by +1% with each successful withdrawal, up to a maximum of 14%.
E8 Track Program Scaling Plan:
E8 Track program accounts include a scaling plan identical to the E8 evaluation program account’s scaling plan. Traders can boost their account balance by requesting a profit split at the conclusion of each trading period. Upon request, traders receive an 80% profit split based on their earnings, and the balance is subsequently added before withdrawal, leading to an account size increase.
For instance: Suppose you’re trading a $250k account and achieve a 10% profit. Your account balance now stands at $275k. Upon requesting a profit split, you receive a payout of $20k, which is 80% of the $25k profit you earned. With a profit of $25k on your $250k account, you can continue trading with $275k.
E8 Track program accounts allow trading across various instruments, including forex pairs, commodities, indices, equities, and cryptocurrencies.
E8 Track Program Rules:
Profit target: A specific percentage of profit that a trader must achieve before completing an evaluation phase, withdrawing profits, or scaling their account. Phase 1 has a profit target of 8%, while Phase 2 and Phase 3 have a profit target of 5%. Funded accounts do not have profit targets.
Maximum daily loss: The maximum daily loss a trader can reach before the account is in violation. All account sizes have a maximum daily loss of 5%.
Maximum loss: The maximum overall loss a trader can reach before the account is in violation. All account sizes have a maximum loss of 8% (can be scaled up to 14%).
Third-party copy trading risk: If you intend to use copy trading services, be aware that other traders may already be using the same trading strategy through a third-party copy trading service. Using such a service may potentially risk denial of a funded account/withdrawal if you exceed the maximum capital allocation rule.
Third-party EA risk: If you plan to use an EA (Expert Advisor), note that other traders might already be employing the same trading strategy through a third-party EA. Using such an EA may potentially risk denial of a funded account/withdrawal if you exceed the maximum capital allocation rule.
Is Getting E8 Funding Capital Realistic?
When evaluating prop trading firms for your forex trading style, it’s crucial to assess the realism of their trading requirements. While a firm may offer an enticingly high profit split on a generously funded account, the chances of success diminish if they demand substantial monthly gains with minimal maximum drawdown percentages.
Receiving capital through the normal E8 evaluation program accounts is generally realistic because of their relatively modest profit targets (8% in Phase one and 5% in Phase two) and slightly below-average maximum loss limits (5% maximum daily and 8% maximum loss). Moreover, the absence of minimum or maximum trading day constraints provides flexibility, allowing traders to secure funding swiftly or at their preferred pace.
The extended E8 evaluation program accounts also offer realistic funding opportunities. They feature similar, attainable profit targets (8% in Phase one and 5% in Phase two) with reasonable maximum loss thresholds (5% maximum daily and 10% maximum loss). Traders benefit from an unlimited trading period to comfortably complete both evaluation phases.
E8 Track program accounts provide another realistic option for obtaining capital. They present manageable profit targets (8% in Phase one, 5% in Phase two, and Phase three) and moderate maximum loss restrictions (5% maximum daily and 8% maximum loss). It’s worth noting that there are no minimum trading day requirements during each evaluation phase, and traders have ample time to reach their profit targets in all three phases.
In summary, E8 Funding stands out as an excellent choice for securing funding. They offer two distinct funding programs, each with realistic trading objectives and conditions for earning payouts, providing traders with feasible paths to success.
Payment proof
E8 Funding was officially established on November 5, 2021. This means there is a wealth of evidence in the form of payment proofs provided to traders who have achieved profitability and qualified for profit splits.
Once you successfully attain funded status through any of E8 Funding’s evaluation programs, your initial payout will be available within 8 calendar days. However, in the case of the extended E8 evaluation program account, the first payout will be accessible after 14 calendar days. Subsequently, you become eligible for bi-weekly payouts across all evaluation programs. This means you can request a withdrawal if you’ve been profitable every 14 calendar days. Remarkably, your payout will consist of a generous 80% profit split across all the funding programs offered by E8 Funding.
If you seek payment proof, you’ll discover ample evidence on various platforms. Notably, platforms like Trustpilot host testimonials from E8 Funding’s successful traders who praise the company for the payouts they’ve received. Additionally, you can explore a wide array of payment proofs on E8 Funding’s Telegram channel, where you’ll predominantly find payout certificates of traders who have achieved success with the firm.
E8 Funding Trading Feedback
E8 Funding has excellent feedback from reviews.
Trustpilot features a diverse array of community members sharing their experiences and offering positive feedback about E8 Funding. This is reflected in an impressive rating of 4.7 out of 5 based on 1,402 reviews.
E8 Funding’s reputation is further bolstered by its efficient and responsive support team. They are readily available to offer you the essential assistance and information you may need in real-time, ensuring that your queries and concerns are promptly addressed.
Support
E8 Funding provides several avenues for obtaining information and assistance:
FAQ Page: You can check their FAQ page, which may contain the answers to your questions.
Email Support: For direct contact, you can reach out to them via email at support@e8funding.com.
Live Chat: E8 Funding’s website offers live chat support during the following hours:
- Monday to Friday: 7 AM – 6 PM CST
- Weekends: 11 AM – 2 PM CST
Conclusion
In summary, E8 Funding is a reputable proprietary trading firm that provides traders with a choice between two distinct funding programs: E8 Evaluation and E8 Track program accounts.
E8 Evaluation Programs:
- These industry-standard two-phase evaluation challenges require traders to complete both phases to become funded and eligible for profit splits.
- Traders must achieve profit targets of 8% in phase one and 5% in phase two, which are realistic objectives given the 5% maximum daily loss and 8% maximum loss rules.
- No specific minimum or maximum trading day requirements apply during the evaluation phases.
- E8 Evaluation programs offer traders the opportunity to earn 80% profit splits and allow for account scaling.
Extended E8 Evaluation Programs:
- Similar to the normal evaluation programs, these are two-phase challenges with realistic profit targets of 8% in phase one and 5% in phase two.
- The maximum loss rules are slightly different, with a 5% maximum daily loss and 10% maximum loss.
- There is no specific time limit for completion, and a minimum trading day requirement of five days exists for each evaluation phase.
- Extended E8 Evaluation programs also provide traders with the chance to earn 80% profit splits and scale their accounts.
E8 Track Programs:
- These unique three-phase evaluation challenges require traders to complete all three phases to become funded and qualify for profit splits.
- The profit targets are 8% in phase one, 5% in phase two, and 5% in phase three, which align with the 5% maximum daily loss and 8% maximum loss rules.
- Similar to the evaluation programs, no specific minimum or maximum trading day requirements are in place for the evaluation phases.
- E8 Track programs offer traders the opportunity to earn 80% profit splits and facilitate account scaling.
E8 Funding is recommended for traders seeking a prop firm with clear and straightforward trading rules. They are an established proprietary trading firm that caters to individuals with diverse trading styles. Considering their offerings and conditions, E8 Funding is undoubtedly one of the leading prop firms in the industry.
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