E8 Markets

Pros and Cons of E8 Markets

About E8 Markets

E8 Markets is a modern, innovative prop trading firm that has quickly established itself as a popular choice for traders looking to access significant virtual capital and benefit from generous profit-sharing opportunities. Known for its flexibility, E8 Markets offers a range of account options, including 1-Step, 2-Step, and 3-Step evaluation programs, accommodating traders at various experience levels and with different risk tolerances. Traders can access up to $400,000 in starting capital and can scale their accounts to as much as $1,000,000, giving them the potential to grow with the platform.    Payouts are highly competitive, with profit splits reaching up to 100%, and traders can request payouts as soon as 8 days after starting, providing rapid access to earnings. The firm’s commitment to technology and trader development is underscored by its recent rebranding to E8 Markets, which highlights its focus on creating a simulated trading environment supported by artificial intelligence and machine learning. The platform also offers zero-commission trading on virtual funds and access to diverse asset classes, including Forex, indices, commodities, energies, and cryptocurrencies, allowing for ample diversification. Furthermore, E8 Markets provides robust trading tools through Matchtrader and TradingView, which include advanced charting features and technical analysis capabilities, adding to its appeal for more seasoned traders who rely heavily on analytics.    Despite these impressive features, E8 Markets does come with a few considerations, such as higher costs for its top-tier accounts, additional fees for account customizations like swap-free options, and complex evaluation structures that may be daunting for beginners. Additionally, being a relatively young firm founded in 2021, E8 Markets is still solidifying its position in the prop trading industry. Nevertheless, its commitment to innovation, a trader-centric approach, and a focus on technology make E8 Markets an attractive choice for those looking to enhance their trading journey with substantial virtual capital and advanced tools.  

E8 Markets Program Overview

Account Types and Programs

1-Step Programs

For those who want a quick evaluation process, E8 Markets offers two types of 1-step programs:

• E8 One: This program allows traders to qualify in a single phase. It includes no profit cap, unlimited trading days, and payouts on demand. To qualify, traders need to meet a 10% profit target and maintain a maximum 4% daily drawdown.
• E8 One Pro: Ideal for learning and developing better risk management, this option includes daily profit goals with no daily loss violation. It’s structured to promote steady progress, with an 8% profit target and an 8% maximum total drawdown.

2-Step Programs

For intermediate traders, E8 Markets offers a classic 2-step evaluation model:

• E8 Classic: In this program, traders go through two phases with profit targets of 8% and 4%, respectively. This approach is suitable for traders with experience and who prefer a lower profit target in the second phase.

3-Step Programs

E8 Markets also provides budget-friendly 3-step programs with lower initial costs:

• E8 Track: This program is designed to help traders prove their skills at a lower entry price. With three phases, traders need to hit an 8% target in the first phase, followed by 4% in phases two and three.
• E8 Track 1:1: Similar to E8 Track, this option has balanced drawdowns and targets throughout all three phases. It’s a straightforward option for those looking for consistent rules across each phase.

Account Types Based on Experience

E8 Markets provides tailored accounts for traders at different experience levels, allowing flexibility and growth potential for all. Here’s an overview of their main account types:

• Beginner: The E8 One Pro account, designed for newer traders, starts with a $10,000 balance and an 80% profit split. It features an 8% profit target, and the entry fee is $59, making it an accessible option for those starting their trading journey with a structured evaluation.
• Most Popular: The E8 One account is a 1-step evaluation plan with a $200,000 balance and a 100% profit split. It has a 10% profit target in the first phase and includes a 4% maximum daily loss and a 6% trailing drawdown, providing a structured, yet achievable, evaluation process. The price to join this account type is $990. It also includes unlimited trading time, a minimum of one trading day, and payout flexibility with on-demand options available anytime during the trading stage.
• Advanced: The E8 Track account provides a $100,000 balance with a 100% profit split. It involves a more challenging 3-step evaluation process, requiring a 10% target in the first phase and 5% in subsequent phases. This account is priced at $533, designed for traders seeking to demonstrate advanced skills and commitment.
• Professional: For seasoned traders, the E8 One account offers a $400,000 balance and a 100% profit split, along with a single-phase evaluation. This is E8 Market’s most advanced option, aimed at professional traders prepared for a $3,576 fee. It provides high capital access and simplified payout structures, suitable for those ready to leverage larger funds.

Customizable Account Options

E8 Markets offers a high level of customization within their account options, allowing traders to tailor accounts to suit their individual trading preferences. Traders can choose from various features, including:

1. Steps Count
   • Select the evaluation structure: 1-step, 2-step, or 3-step programs.
2. Account Type and Trading Platform
   • Choose from different trading platforms:
     • MTR (Match Trader): Beginner-friendly platform with basic tools.
     • MT5 (MetaTrader 5): Advanced platform with more complex features for experienced traders.
3. Account Balance
   • Start with a predefined balance or customize it to your needs, with options like:
     • $10,000
     • $25,000
     • $50,000
     • $100,000
     • $200,000
     • $400,000 (most popular)
     • Customize your own balance
4. Initial Balance Drawdown
   • Select the maximum drawdown percentage that aligns with your risk tolerance:
     • Options range from 6% to 14%, with the most popular being 8%.
5. Payout Share
   • Choose your desired payout share, with options including:
     • 40%, 50%, 60%, 70%, 80%, 90% (most popular), and 100%.

With these customizable options, traders can create a plan that meets their specific trading strategies, risk tolerance, and profit goals, making E8 Markets a flexible choice for a variety of trading styles.

E8 Markets Trading Rules

E8 Markets has established a range of rules to ensure traders adopt sound risk management practices while progressing through evaluations and trading in the E8 Trader Stage. Here’s a breakdown of these key rules:

Profit Target

The profit target represents the percentage of profit you need to achieve on your account to advance to the next evaluation phase or reach the E8 Trader Stage. Hitting this target demonstrates your ability to maintain a positive risk-to-reward ratio, a critical aspect of successful trading. Example: For an E8 Standard $100,000 account, the two-phase evaluation has profit targets of 8% in the first phase and 4% in the second. You must generate $8,000 in the first phase and an additional $4,000 in the second to pass the evaluation and move on to the E8 Trader Stage.

Daily Drawdown

This rule sets a daily maximum loss limit, ensuring traders manage their risk on a day-by-day basis. It can be based on the higher value between your starting account balance or equity, depending on your evaluation type.

• E8 Classic & E8 One: The daily drawdown limit is calculated based on the greater of your account balance or starting equity at the start of each trading day (00:00 UTC+3).
• E8 Pro & E8 Track: The limit is based on the starting account balance at the beginning of the trading day.

Initial Drawdown (Total Drawdown)

The initial drawdown rule acts as a protective buffer for the account’s overall equity during the evaluation period. It establishes a maximum percentage limit based on your equity that cannot be exceeded throughout the evaluation. Example: If you start with $200,000 and have an 8% initial drawdown, your account equity can’t fall below $184,000. If it does, the evaluation is considered unsuccessful.

Trailing Drawdown

This dynamic rule, based on the highest achieved balance (High Water-Mark), sets a maximum limit on how far your account can drop from this peak. Example: With a $100,000 account and a 6% trailing drawdown, the initial limit is $94,000. As your account grows, so does the trailing limit. However, once your account reaches $106,000, the trailing drawdown locks at $100,000 and doesn’t increase further, even if your account balance continues to grow.

Daily Pause

This safeguard pauses your trading if a specified daily loss is reached, preventing you from failing an evaluation due to a single trading error or unexpected market moves. Example: On a $100,000 E8 Pro account with a 2% daily pause, trading pauses for the day if you incur a $2,000 loss. This doesn’t result in a failed evaluation, and trading can continue the following day.

Payout Share

Your payout share is the percentage of profits earned in the E8 Trader Stage that you can keep, selected when you purchase the evaluation (ranges from 40-100%). Example: With a $100,000 account and an 80% payout share, a 20% profit ($20,000) in the E8 Trader Stage means you take home 80%, or $16,000.

Profit Cap

The profit cap rule encourages steady trading by setting a daily limit on profits relative to the account’s starting balance. Example: For a $105,000 account with a 2% daily profit cap, you’re limited to $107,100 in profit for the day.

Max. Trading Days

E8 Markets offers unlimited time to complete evaluations and the E8 Trader Stage. However, inactive accounts will be closed after 90 consecutive days of no trading.

Minimum Trading Days

There is no minimum trading day requirement. Your evaluation period begins with the first trade, and you’re free to achieve your targets in any number of days, as long as you remain active.

Trading Rules and Policies

Prohibited Trading Strategies

1. All-or-Nothing Trading: Risking the entire account balance on a single trade is not permitted. This excessively risky trading style violates the terms and may result in account termination with a full refund.
2. Hedging Policies: Hedging across multiple accounts, even if they belong to the same trader, is strictly prohibited. This includes opening opposing positions on the same asset, undermining fair trading and disrupting platform integrity.
3. Use of Expert Advisors (EAs): EAs are permitted, provided that no multiple users execute the same trades or strategies. Each user is limited to one strategy. Using the same EA among multiple users may lead to account termination. Each user should ideally utilize their own programmed EA.
4. Server Request Limitations: Be aware of the server request limitation of 2000 (modifications of TP/SL, order modifications) and a maximum position limit of 2000 per day.
5. Irresponsible Trading in Simulated Accounts: Executing large-volume trades without a coherent strategy or disregarding market analysis and risk management practices is considered abuse of the simulated environment and will be penalized.
6. Restrictions to Prevent High-Frequency Trading: No more than 50% of trades can be held for under one minute, and opening more than five positions on a losing trade is prohibited, as it constitutes a form of hedging.

Evaluation Completion and Account Management

1. Individual Evaluation Completion: Each trading evaluation must be completed independently. Copying trades—manually or via EAs—from one evaluation account to another is prohibited, including both trades and underlying trade ideas.
2. Account Management After Evaluation: Upon successful evaluation, trading is allowed up to $400,000 in E8 Trader accounts. Trades can be copied from E8 Trader accounts to one E8 Evaluation and vice versa. A Trade Copier is permitted, but proof of account ownership must be provided.

Trading During News Events

Users can simulate trades during news events across all evaluation phases. However, slippage may occur, and users are responsible for any resulting violations of max loss rules. A prohibition period will be enforced during high-impact news, commencing 5 minutes before and extending 5 minutes after the release.

Copy Trading and Team Trading

Copying trades to/from personal accounts or between E8 Trader accounts is allowed, provided they are personal trades. However, trades or trading ideas cannot be copied between multiple E8 evaluation accounts. Each evaluation must be conducted independently.

Tools and Indicators

The use of tools such as EAs, Bots, and Indicators is permitted, provided that:

• Trades are simulated legitimately.
• Trades conform to real market conditions.
• E8 can replicate these trades in its live capital accounts.

Lot Size and Risk Management

1. Lot Size Restrictions:
   • Maximum Ticket Size:
     • 50 lots for Forex & Commodities
     • 100 lots for Indices
   • A limit of 100 orders may be entered at a time, with a server request limitation of 2000.
2. Stop-Loss Rule: While using stop-loss or take-profit is not required, it is highly recommended, as data shows traders employing stop-losses tend to be more successful in the long run.
3. Holding Positions Overnight and Over the Weekend: Users can hold simulated trades overnight or over weekends but must manage associated risks such as market gaps and slippage.

Consistency and Inactivity Rules

1. No Consistency Rule: There is no specific consistency rule for trading.
2. Inactivity Rule: Accounts are closed after 90 days of inactivity. To avoid deactivation, at least one trade must be placed within this period.

Maximum Risk Rule

No maximum risk per trade idea is imposed; however, responsible risk management is encouraged. Traders should avoid risking the majority of their daily drawdown on a single trade idea, as this is viewed as an “all-or-nothing” style. Successful traders typically risk 1-1.5% per trade idea.

Protective Risk Measures

Engaging in prohibited trading practices will result in termination from the program and a refund from the account where the rule was broken. E8 Markets may contact traders displaying excessive risk, enforcing risk limits as necessary. If extreme trading behaviors are observed, the trading style may be subject to review, requiring evidence of a consistent and sustainable trading approach. Failure to demonstrate this may lead to restrictions or termination.

How to Get Started with E8 Markets

E8 Markets provides a straightforward and efficient 4-step process to help traders get started on their journey:

1. Register:

Begin by signing up with E8X. During the registration process, you will have the opportunity to select an evaluation plan that best aligns with your trading strategy and goals. Whether you are a beginner looking for a simple one-step evaluation or a more experienced trader ready to take on a multi-step assessment, E8 Markets offers a range of options to cater to your needs.

2. Evaluate:

Once registered, it’s time to showcase your trading abilities. To successfully pass the evaluation, you must meet specific profit targets while demonstrating effective risk management skills. This phase is designed to assess your capability to maintain a positive risk-to-reward ratio and make sound trading decisions. Focus on achieving the profit goals set for your selected evaluation program, as this will determine your advancement to the next stage.

3. Start Earning:

Upon successfully completing the evaluation, you will gain access to an E8 Traders account. This account allows you to start trading with real capital, and you can request your first payout after just 8 days. Subsequent payouts are available every two weeks, providing you with regular opportunities to realize your profits and reinvest in your trading journey.

4. Level Up:

As you consistently demonstrate your trading prowess, you can increase your account balance significantly—up to $1,000,000 in virtual funds. This level-up process rewards traders for their dedication and performance, allowing for greater trading opportunities and potential profit. With each successful trade and positive performance review, you’ll find yourself moving closer to your financial goals.

Platform Features and Tools

E8 Markets is equipped with an array of powerful tools and features that enhance the overall trading experience: Fast Payouts: One of the standout features of E8 Markets is its fast payout system. Traders can request their first payout just 8 days after passing the evaluation, which is significantly quicker than many other firms. After the initial payout, subsequent payouts are processed every two weeks, ensuring that traders have regular access to their profits. Charting Tools: The MatchTrader platform integrates seamlessly with TradingView, providing traders with access to advanced charting tools. These tools enable in-depth technical analysis, allowing traders to make informed decisions based on comprehensive market data. With a variety of indicators and customizable chart options, traders can tailor their analysis to suit their trading style. Flexible Trading Options: E8 Markets offers a diverse range of trading options, allowing traders to access various markets, including Forex, commodities, indices, and cryptocurrencies. Through partnerships with third-party providers, traders can benefit from raw spreads and commission options that cater to their trading preferences. Additionally, swap-free accounts are available for traders who prefer to avoid swap fees, providing even more flexibility in account management.

E8 Markets: A New Era in Trading

E8 Funding is Now E8 Markets Welcome to a new chapter with E8 Markets. This brand aims to empower traders by providing the tools and insights needed to succeed in the markets. The change from E8 Funding to E8 Markets represents a big step toward offering more opportunities and better services for traders. More Than Just a Name Change This rebranding is not just about a new name; it symbolizes a commitment to creating a better trading environment. E8 Markets reflects growth and the increasing ambitions of the trading community. The goal is to redefine what it means to be a trading partner, providing resources that support traders at every stage of their journey.

Why E8 Markets is Rebranding

E8 Markets understands that truly empowering traders goes beyond offering simulated accounts. It requires creating advanced tools and strategies that help traders improve. This brand is shifting toward becoming a leader in simulated markets. By moving away from the traditional funding model, E8 Markets aligns its vision with the changing needs of traders.

The Future of Trading with E8 Markets

The launch of E8 Markets opens up new opportunities in simulated trading. It connects retail traders with institutional capital, using data and innovative strategies to enhance trading capabilities. By combining the expertise of traders with technology like artificial intelligence and machine learning, E8 Markets aims to improve the trading experience for everyone.

The Inspiration Behind the Rebranding

The change to E8 Markets comes from a deep understanding of the trading journey and the challenges traders face, especially at the beginning. By developing algorithms that learn from shared experiences, the brand supports traders’ goals while ensuring the platform’s long-term success. The focus is on creating a positive environment where the success of one trader helps others succeed too.

What This Means for Traders

Together Towards Tomorrow Traders can expect a bright future filled with opportunities, innovative tools, and helpful educational resources at E8 Markets. The brand is committed to helping traders grow both personally and professionally, equipping them with the skills they need to navigate the financial markets successfully.

Key Milestones

• 2021: E8 Funding launched; introduced the first fully automated evaluation dashboard; held the first simulated markets tournament; established the fastest payout request system—8 days; removed minimum trading day requirements; reached 1,000 E8X users.
• 2022: Continued to improve programs and technology for traders.
• 2023: Expanded educational resources and tools for traders.
• 2024 and Beyond: Committed to redefining the trading experience and helping new and aspiring traders turn their strategies into profits.

The E8 Path: Trade, Learn, Earn

By constantly improving programs, technology, and company culture, E8 Markets aims to help aspiring traders reach their goals and make money from their trading strategies. This journey is all about empowering a new generation of traders to succeed.

E8 Markets Competitor Comparison: E8 Markets vs. FTMO, Funding Pips, and FXIFY

Key Differences:

• Evaluation Stages: E8 Markets offers flexibility with 1, 2, or 3-phase evaluations, similar to FXIFY. In contrast, FTMO limits traders to 2 stages, while Funding Pips provides up to 3 stages.
• Profit Split: E8 Markets provides the most attractive profit split, up to 100%, compared to FTMO’s 90% and Funding Pips’ maximum of 80%. FXIFY also offers up to 90%.
• Maximum Drawdown: E8 Markets has a wider drawdown range, from 4% to 14%, allowing traders to choose their risk tolerance. FTMO has a fixed 10% drawdown, while Funding Pips offers either 6% or 12%. FXIFY also allows for a 10% drawdown.
• Account Sizes: E8 Markets accommodates traders with account sizes ranging from $10k to $400k, similar to FXIFY. FTMO’s maximum account size is $200k, and Funding Pips limits accounts to $100k.
• Scaling Program: All firms offer scaling programs, allowing traders to increase their account sizes based on performance.
• Commission Fees: All competitors maintain standard commission fees, but the structures may differ slightly, which can affect overall trading costs.

E8 Markets stands out with its flexible evaluation stages and the potential for a 100% profit split, making it an attractive option for traders looking for high earning potential. The variety of account sizes and customizable drawdown options provide further flexibility to accommodate different trading styles. Compared to its competitors, E8 Markets offers a strong combination of features that can benefit traders at various experience levels, making it a compelling choice in the prop trading space.

Trustpilot Reviews and Trader Testimonials

E8 Markets has garnered significant positive feedback on Trustpilot, boasting an impressive TrustScore of 4.7 out of 5 from 1,899 reviews. This high rating reflects the satisfaction of many traders who have experienced the platform’s features and support. Positive Experiences Highlighted by Traders:

1. Excellent Support: Traders consistently praise E8 Markets for their exceptional customer service. For example, Thai Tran from Vietnam shared a particularly impressive experience with the support team after mistakenly canceling his verification process. He noted that the staff promptly addressed his issue, which left him feeling very impressed with their responsiveness.
2. Streamlined Evaluation Process: Pavel Parushev from Bulgaria expressed his satisfaction with the streamlined evaluation process, emphasizing that E8 Markets is unique for having a one-stage challenge. He recently got funded and appreciates the opportunity this presents, despite finding the no-refund challenge fee slightly discouraging. Nonetheless, he highlighted the potential for traders to achieve 100% profit, which is a significant advantage.
3. Affordable Pricing and Support: Akash Tulsi from South Africa remarked on the reasonable pricing offered by E8 Markets. He appreciated the 2% daily pause feature, which helps traders avoid blowing their accounts. Akash also noted the flexibility in trading rules, including the ability to hedge on the same trading account, which some traders may find beneficial. His interaction with customer support was also commendable, reflecting the company’s commitment to assisting its users.

Overall Impression: The feedback from E8 Markets’ traders indicates a strong level of satisfaction with the platform’s features, support, and overall trading environment. The reviews highlight a balance of fair evaluation processes, competitive advantages like anytime payouts, and supportive customer service that collectively contribute to a positive trading experience.

What We Think About E8 Markets

Overall Assessment: E8 Markets has emerged as a prominent player in the prop trading industry, offering a variety of evaluation programs tailored to different trader preferences and experience levels. With customizable options and features like no time limits during the evaluation process, E8 Markets delivers a trader-friendly experience. Whether you’re seeking a fast-track funding opportunity or a more structured, phased evaluation, E8 Markets has programs designed to accommodate diverse trading styles. The flexibility in account sizes, profit splits of up to 100%, and a wide range of drawdown options make it a compelling choice for traders looking to advance their careers.

Strengths and Weaknesses:

Strengths:

• High profit splits of up to 100%, maximizing trader earnings.
• No time limits during evaluations, allowing traders to progress at their own pace.
• Customizable account options, including varying drawdown percentages, cater to different risk tolerances.
• Diverse account sizes ranging from $10,000 to $400,000, suitable for both beginners and experienced traders.

Weaknesses:

• Higher entry fees for advanced programs may deter traders with limited funds.
• Complexity in choosing between multiple evaluation phases and account types might overwhelm new traders.
• Drawdown limits can be strict, which may challenge those with higher risk appetites.

Programs Overview: E8 Markets offers several main evaluation programs, ensuring options for traders of all levels:

• 1-Step Programs:
  • E8 One: A fast track option allowing traders to qualify in a single phase, featuring no profit cap and unlimited trading days. Traders need to meet a 10% profit target with a maximum 4% daily drawdown.
  • E8 One Pro: Aimed at improving risk management, this program includes daily profit goals and an 8% profit target with an 8% maximum total drawdown.
• 2-Step Programs:
  • E8 Classic: Traders complete two phases with profit targets of 8% and 4%, ideal for those who prefer a structured approach.
• 3-Step Programs:
  • E8 Track: A budget-friendly option with three phases, requiring an 8% target in the first phase and 4% in the subsequent phases.
  • E8 Track 1:1: Offers balanced targets and drawdowns throughout all three phases for consistent rules.

Comparison to Other Prop Firms: When comparing E8 Markets to other prop firms like FTMO, FXIFY, and Funding Pips, it stands out with its flexible evaluation stages and the potential for a 100% profit split. While FTMO offers a maximum profit split of 90%, and Funding Pips provides up to 80%, E8 Markets’ ability to customize drawdown limits and account sizes from $10,000 to $400,000 caters to a broad audience. Other firms may have quicker payouts or different leverage options, but E8 Markets excels in providing a robust and adaptable trading environment. Recommendations for Traders: E8 Markets is an excellent choice for traders seeking a flexible and transparent prop trading experience. Whether you’re a beginner looking for a structured evaluation process or an advanced trader wanting to capitalize on high profit splits, E8 Markets has a program to fit your needs. The customizable features and supportive infrastructure make it an ideal platform for traders ready to take the next step in their trading journey.