E8 Markets Review (5% Discount Code: FOREXPROPREVIEWS)
E8 Markets has developed a user-friendly experience with essential information every trader needs, as well as the industry’s best technology to back it. The main priority that they expect from their traders is that they are disciplined individuals who prioritize managing risk while also focusing on long-term consistency.
Pros
- Excellent Trustpilot Rating of 4.6/5
- Five Unique Funding Programs
- Customizable E8 Classic, E8 Track, E8 Track 1:1 & E8 One Programs
- Free Trial
- Professional Trader Dashboard
- A Large Variety of Trading Instruments (Forex Pairs, Commodities, Indices, Cryptocurrencies)
- Leverage up to 1:50
- No Maximum Trading Period
- No Minimum Trading Day Requirements (Except E8 Pro)
- Scaling Plan
- Maximum Drawdown Scaling up to 14%
- First Payout After 8 Days on Two-step & Three-step Evaluation
- Bi-weekly Payouts on Two-step & Three-step Evaluation
- On-demand Payouts on E8 One
- Weekly Payouts on E8 Pro
- Default Profit Share of 80%
- Customizable Profit Share of 40% up to 100%
- Overnight & Weekend Holding Allowed
- News Trading Allowed (Except During Funded Status)
- Affordable E8 Track & E8 Track 1:1 Programs
- E8 Track Program has Balance-based Drawdown
Cons
- E8 Classic has Equity-based Drawdown
- Trailing Drawdown on E8 One
- Low Leverage of up to 1:30 on E8 One
- Profit Cap of 2% on E8 Pro
Who are E8 Markets?
E8 Markets is a proprietary trading firm with the legal name E8 Funding LLC that was incorporated on the 5th of November, 2021. They are located in Dallas, Texas, as well as in Prague in the Czech Republic, and are being managed by CEO Dylan Elchami. E8 Markets provides traders with the opportunity to choose between five account types, a two-step evaluation, two three-step evaluations, and two one-step evaluations, as well as an opportunity to customize their two-step, both three-step or the E8 One one-step programs while being partnered with Virtual Markets and a tier-1 liquidity provider with the best simulated real market trading conditions as their broker.
Who is the CEO of E8 Markets?
Dylan Elchami, the visionary behind E8 Markets, aimed to establish a distinctive and accessible avenue for individuals to evolve into professionally funded traders, overseeing capital from any location worldwide. He not only achieved this objective but also remains dedicated to enhancing E8 Markets’ services and terms, consistently drawing in more traders to join his exclusive trading firm.
At the forefront of his industry priorities is his commitment to simplifying the trading journey for individuals by fostering strategic partnerships and delivering cutting-edge software solutions. To ensure traders enjoy the optimal experience, he maintains in-house engineers who work diligently to provide the best possible support at all times.
Anyone interested in following Dylan Elchami can do so by following his LinkedIn.
Funding Program Options
E8 Markets provides its traders with five unique funding program options:
- E8 Classic
- E8 Track
- E8 Track 1:1
- E8 One
- E8 Pro
E8 Classic Trading Rules & Objectives
- Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for Phase 1 is set at 8%, whereas Phase 2 requires reaching a profit target of 4%. Funded accounts do not have any specified profit targets.
- Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a customizable maximum daily loss of 4%.
- Maximum Loss – The maximum loss limit a trader is allowed to lose overall without breaching the account. All account sizes have a customizable maximum loss of 8%. (Scaleable up to 14%)
- No News Trading – Trading is not permitted during high-impact news releases. This implies that executing new trades or closing existing trades on the specified instrument is prohibited within the 2-minute period both before and after the announcement of particular news. (Only on funded accounts)
- No Trade Copiers – This implies that traders are prohibited from utilizing the services of Trade Copiers while engaged in trading activities. (Only during both evaluation phases)
E8 Track Trading Rules & Objectives
- Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for Phase 1 is set at 8%, whereas Phase 2 and Phase 3 require reaching a profit target of 4%. Funded accounts do not have any specified profit targets.
- Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a customizable maximum daily loss of 4%.
- Maximum Loss – The maximum loss limit a trader is allowed to lose overall without breaching the account. All account sizes have a customizable maximum loss of 8%. (Scaleable up to 14%)
- No News Trading – Trading is not permitted during high-impact news releases. This implies that executing new trades or closing existing trades on the specified instrument is prohibited within the 2-minute period both before and after the announcement of particular news. (Only on funded accounts)
- No Trade Copiers – This implies that traders are prohibited from utilizing the services of Trade Copiers while engaged in trading activities. (Only during all three evaluation phases)
E8 Track 1:1 Trading Rules & Objectives
- Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for Phase 1 is set at 8%, whereas Phase 2 and Phase 3 require reaching a profit target of 4%. Funded accounts do not have any specified profit targets.
- Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a customizable maximum daily loss of 5%.
- Maximum Loss – The maximum loss limit a trader is allowed to lose overall without breaching the account. All account sizes have a customizable maximum loss of 5%. (Scaleable up to 14%)
- No News Trading – Trading is not permitted during high-impact news releases. This implies that executing new trades or closing existing trades on the specified instrument is prohibited within the 2-minute period both before and after the announcement of particular news. (Only on funded accounts)
- No Trade Copiers – This implies that traders are prohibited from utilizing the services of Trade Copiers while engaged in trading activities. (Only during all three evaluation phases)
E8 One Trading Rules & Objectives
- Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for the evaluation phase is 10%. Funded accounts do not have any specified profit targets.
- Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a customizable maximum daily loss of 4%.
- Maximum Trailing Loss – The difference between the highest achieved account balance and the lowest point of the drawdown determines the maximum trailing loss a trader is allowed to lose without breaching the account. All account sizes have a maximum trailing loss of 6%.
- No News Trading – Trading is not permitted during high-impact news releases. This implies that executing new trades or closing existing trades on the specified instrument is prohibited within the 2-minute period both before and after the announcement of particular news. (Only on funded accounts)
- No Trade Copiers – This implies that traders are prohibited from utilizing the services of Trade Copiers while engaged in trading activities. (Only during the evaluation phase)
E8 Pro Trading Rules & Objectives
- Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for the evaluation phase is 8%. Funded accounts do not have any specified profit targets.
- Daily Pause – The maximum amount a trader is allowed to lose in a single trading day without triggering the daily pause. When the daily pause is hit, all open trades get closed, and the account remains disabled until the next trading day. All account sizes have a daily pause of 2%.
- Maximum Loss – The maximum loss limit a trader is allowed to lose overall without breaching the account. All account sizes have a maximum loss of 8%.
- No News Trading – Trading is not permitted during high-impact news releases. This implies that executing new trades or closing existing trades on the specified instrument is prohibited within the 2-minute period both before and after the announcement of particular news. (Only on funded accounts)
- No Trade Copiers – This implies that traders are prohibited from utilizing the services of Trade Copiers while engaged in trading activities. (Only during the evaluation phase)
Payment Proof
E8 Markets is a proprietary trading firm that was incorporated on the 5th of November, 2021. They have a large community of traders who have reached funded status and successfully qualify for a profit split.
While working with E8 Markets and reaching funded status with the E8 Classic, E8 Track, or E8 Track 1:1, you will be eligible to receive your first payout after 8 calendar days. However, after your first payout, you will be eligible to receive payouts if you exceed your initial account size every 14 calendar days. Your profit split will consist of a generous 80% based on the profit that you have generated on your funded account.
However, while working with E8 Markets and reaching funded status with the E8 One, you will be eligible to receive your payout on day one if you manage to generate a profit. However, after your first payout, you will also be eligible to receive payouts if you exceed the initial account size on an on-demand basis. Your profit split will consist of a generous 80% based on the profit that you have generated on your funded E8 One.
And lastly, while working with E8 Markets and reaching funded status with the E8 Pro, you will be eligible to receive your first payout after 7 calendar days. However, after your first payout, you will be eligible to receive payouts if you exceed your initial account size every 7 calendar days. Your profit split will consist of a generous 80% based on the profit that you have generated on your funded account.
When it comes to E8 Markets payment proof, you can find it on numerous websites. One example is Trustpilot, where their traders comment regarding their experience while working with the company as well as the process of how they successfully received payouts. Another source of payment proof for E8 Markets is their Telegram channel, where you can find numerous payout certificates of their most successful traders.
Examples of Payout Certificates and Payment Proof can be seen in the images below.
Conclusion
In conclusion, E8 Markets is a reputable and trustworthy proprietary trading firm providing traders with an opportunity to choose between five funding programs: the E8 Classic, which is a two-step evaluation, the E8 Track and E8 Track 1.1, which are three-step evaluations, and the E8 One and E8 Pro, which are one-step evaluations.
E8 Markets’ E8 Classic is an industry-standard two-step evaluation that requires the completion of two phases before becoming eligible to manage a funded account and earn 80% profit splits. Traders must reach profit targets of 8% in phase one and 4% in phase two to become successfully funded. These are realistic trading objectives, considering you have a 4% maximum daily and 8% maximum loss rules to follow. Regarding time limitations, you have no minimum or maximum trading day requirements during both evaluation phases, meaning that you can trade based on your preferred pace without any time pressure. Finally, it’s essential to note that the E8 Classic features a scaling plan, providing you with the opportunity to increase your initial account balance.
E8 Markets’ E8 Track is a three-step evaluation that requires the completion of three phases before becoming eligible to manage a funded account and earn 80% profit splits. Traders must reach profit targets of 8% in phase one, and 4% in phase two and phase three to become successfully funded. These are realistic trading objectives, considering you have a 4% maximum daily and 8% maximum loss rules to follow. Regarding time limitations, you have no minimum or maximum trading day requirements during all three evaluation phases, meaning that you can trade based on your preferred pace without any time pressure. Finally, it’s essential to note that the E8 Track features a scaling plan, providing you with the opportunity to increase your initial account balance.
E8 Markets’ E8 Track 1:1 is a three-step evaluation that requires the completion of three phases before becoming eligible to manage a funded account and earn 80% profit splits. Traders must reach profit targets of 5% in phase one, 5% in phase two, and 5% in phase three to become successfully funded. These are realistic trading objectives, considering you have a 5% maximum daily and 5% maximum loss rules to follow. Regarding time limitations, you have no minimum or maximum trading day requirements during all three evaluation phases, meaning that you can trade based on your preferred pace without any time pressure. Finally, it’s essential to note that the E8 Track 1:1 features a scaling plan, providing you with the opportunity to increase your initial account balance.
E8 Markets’ E8 One is a one-step evaluation that requires the completion of a single phase before becoming eligible to manage a funded account and earn 80% profit splits. Traders must reach a profit target of 10% to become successfully funded. These are realistic trading objectives, considering you have a 4% maximum daily and 6% maximum trailing loss rules to follow. Regarding time limitations, you have no minimum or maximum trading day requirements during the evaluation phase, meaning that you can trade based on your preferred pace without any time pressure. Finally, it’s essential to note that the E8 One features a scaling plan, providing you with the opportunity to increase your initial account balance.
E8 Markets’ E8 Pro is a one-step evaluation that requires the completion of a single phase before becoming eligible to manage a funded account and earn 80% profit splits. Traders must reach a profit target of 8% to become successfully funded. These are realistic trading objectives, considering you have a 2% daily pause and 8% maximum loss rules to follow. Regarding time limitations, you have no maximum trading day requirements during the evaluation phase. However, you are required to trade for a minimum of 4 calendar days during the evaluation phase since there is a maximum daily profit cap of 2%. Finally, it’s essential to note that the E8 Pro features a scaling plan, providing you with the opportunity to increase your initial account balance.
I would recommend E8 Markets to individuals seeking a reputable proprietary trading firm that provides exceptional trading conditions catering to a diverse range of individuals with unique trading styles. They provide traders with unique features, such as drawdown scaling, an unlimited trading period, no minimum trading day requirements (Except E8 Pro), a first withdrawal after only 8 calendar days (E8 Classic & both E8 Track account types), a first withdrawal after only 7 calendar days (E8 Pro), on-demand payouts (E8 One), two affordable E8 Track evaluations, and an opportunity to customize your two-step, both three-step or the E8 One one-step programs. After considering everything E8 Markets has to offer to traders all across the globe, they can undoubtedly be regarded as one of the industry-leading prop firms.