E8 Funding Review

At E8 Funding, the approach to trading transcends mere financial exchanges – it's a disciplined pursuit of success, championed by skilled individuals. E8 Funding seeks partners who excel in risk management and emphasize enduring performance.

They offer an opportunity to access high profitability through the adept handling of accounts as vast as $1,000,000, complemented by an attractive 80% profit sharing. The road to triumph with E8 Funding is paved with a comprehensive selection of trading options, including forex pairs, commodities, indices, equities, and cryptocurrencies.

Who is E8 Funding?

E8 Funding, incorporated on November 5, 2021, is a pioneering proprietary trading firm nestled in the USA's heart. With a global vision and local roots in Dallas and Texas, they extend their reach as far as Prague in the Czech Republic. E8 Funding is not merely a prop firm; it's an opportunity, offering traders up to $1,000,000 in account balance with a generous 80% profit split. Their partnership with a top-tier liquidity provider ensures direct market access, solidifying their standing as a trustworthy broker.

Location of Headquarters:

100 Crescent Ct, Unit 700, Dallas, TX 75201, United States

Who Leads E8 Funding?

At the helm of E8 Funding is founder and CEO, Dylan Elchami. Driven by an ambition to craft a unique path for aspiring traders to become professionals, Dylan envisioned a platform where individuals could manage funds remotely, from anywhere in the world. His vision didn't just materialize; it flourished.

Dylan's leadership transcends conventional management. He's continuously enhancing E8 Funding's offerings, attracting more traders, and facilitating easier access to the trading world. His focus on strategic partnerships and premium software solutions, backed by an in-house engineering team, ensures that traders always enjoy the best possible experience.

Connect with Dylan Elchami:

For those looking to delve into Dylan's insights and leadership style, his LinkedIn profile offers a window into his professional world.

E8 Funding stands as a testament to innovation, opportunity, and a relentless pursuit of excellence, all under the guidance of a visionary leader.

Funding Program Options at E8 Funding

E8 Funding proudly presents its traders with an array of three distinct programs:

• E8 Evaluation Program Accounts
• Normal E8 Evaluation Program Accounts
• Extended E8 Evaluation Program Accounts
• ELEV8 Program Accounts
• E8 Track Program Accounts

1. Normal E8 Evaluation Program Accounts

The Normal E8 Evaluation Program Account by E8 Funding is crafted to pinpoint talented and serious traders, rewarding them for consistency across a two-step evaluation process. This program offers 1:100 leverage and enables traders to choose their account funding in USD, EUR, or GBP.

Evaluation Phase One mandates a profit target of 8%, with restrictions on exceeding 5% daily loss or 8% total loss. Traders must achieve this target within 30 calendar days from the commencement of trading on the evaluation account, with no minimum trading days required to move to the next phase.

Evaluation Phase Two calls for a 5% profit target, adhering to the same daily and total loss restrictions as Phase One. Achieving this target within 60 calendar days leads to a funded account.

Upon successful completion of both phases, traders receive a funded account with no profit targets but must adhere to the 5% maximum daily loss and 8% maximum loss rules. The first payout is processed 8 calendar days from the first position on the funded account, while subsequent withdrawals follow a bi-weekly schedule. Traders enjoy an 80% profit split, and the maximum loss rule increases by +1% with each successful withdrawal, up to 14%.

Normal E8 Evaluation Program Account Scaling Plan

The scaling plan for Normal E8 Evaluation Program Accounts allows balance increment through profit split requests at each trading period’s end. An 80% profit split is sent, with the balance prior to withdrawal added to augment the account size.

Example: Trading a $250k account with a 10% profit yields a $275k balance. Requesting a profit split gets you $20k (80% of the $25k profit), continuing with $275k.

Available trading instruments include forex pairs, commodities, indices, equities, and cryptocurrencies.

Rules for Normal E8 Evaluation Program Accounts:

• Profit Target: 8% in Phase 1, 5% in Phase 2. Funded accounts have none.
• Maximum Daily Loss: 5% across all account sizes.
• Maximum Loss: 8%, scalable to 14%.
• Maximum Trading Days: 30 in Phase 1, 60 in Phase 2.
• Third-Party Copy Trading Risk: Risk of denial of funded account/withdrawal due to potential duplicate trading strategy.
• Third-Party EA Risk: Potential denial of funded account/withdrawal if the maximum capital allocation rule is exceeded.

The Normal E8 Evaluation Program Account, with its well-defined phases and rules, offers a clear path for aspiring traders to reach funded accounts, enabling them to operate across diverse trading instruments with comprehensive support from E8 Funding.

2. Extended E8 Evaluation Program Accounts

The Extended E8 Evaluation Program Account from E8 Funding is designed to recognize committed and skilled traders, awarding them for their stable performance through a two-phase assessment period. With 1:100 leverage, traders can select their account funding in USD, EUR, or GBP.

Account Sizes and Prices:

Evaluation Phase One stipulates a profit target of 8%, with constraints of 5% daily loss or 10% total loss. This target must be reached within 60 calendar days, with a minimum of five trading days necessary to move to the next phase.

Evaluation Phase Two requires a profit target of 5%, following the same daily and total loss rules as Phase One. Achieving this target within 120 calendar days leads to a funded account, with a minimum of five trading days necessary.

Upon completing both phases, traders gain a funded account with no profit targets. The 5% maximum daily loss and 10% maximum loss rules must be observed. The first payout occurs 14 calendar days from the first position on the funded account, with bi-weekly withdrawals thereafter. The profit split is 80%, with a +1% increase to the maximum loss rule with each successful withdrawal, up to 14%.

Extended E8 Evaluation Program Account Scaling Plan

The Extended E8 Evaluation Program Account offers a scaling plan to increase the balance by requesting profit splits at each trading period's end. An 80% profit split is sent, and the previous balance is added to grow the account size.

Example: Trading a $250k account and earning a 10% profit leads to a $275k balance. Requesting a profit split nets $20k (80% of the $25k profit), continuing with $275k.

Extended E8 Evaluation Program Accounts support trading in forex pairs, commodities, indices, equities, and cryptocurrencies.

Rules for Extended E8 Evaluation Program Accounts:

• Profit Target: 8% in Phase 1, 5% in Phase 2; none for funded accounts.
• Maximum Daily Loss: 5% across all account sizes.
• Maximum Loss: 10%, scalable to 14%.
• Minimum Trading Days: 5 in both phases; none for funded accounts.
• Maximum Trading Days: 60 in Phase 1, 120 in Phase 2.
• Third-Party Copy Trading Risk: Risk of denial for funded account/withdrawal due to potentially identical trading strategies.
• Third-Party EA Risk: Risk of denial for funded account/withdrawal if the maximum capital allocation rule is exceeded.

Extended E8 Evaluation Program Accounts offer a transparent path for ambitious traders to achieve funded accounts. The program's well-structured phases, clear rules, and comprehensive trading instrument support make it an attractive option for those seeking growth in the financial markets with E8 Funding.

ELEV8 Program Account

The ELEV8 Program Account is structured to allow traders an opportunity to demonstrate their trading prowess and manage up to $1,000,000 in balance. With top-tier liquidity and technology, traders are rewarded for consistent performance throughout a two-phase evaluation period, enjoying 1:100 leverage in the ELEV8 program account.

Evaluation Phase One

In this phase, traders must achieve an 8% profit target without exceeding 5% maximum daily loss or 8% total loss. The goal must be met within 30 calendar days, with no minimum trading days required to advance to the next phase.

Evaluation Phase Two

This phase necessitates a 5% profit target, adhering to the same daily and total loss rules as Phase One. Achieving this target within 60 calendar days leads to a funded account, with no minimum trading days required.

Upon successful completion of both phases, a funded ELEV8 account is granted with no profit targets. The rules of 5% maximum daily loss and 8% total loss must be respected, with the first payout coming 8 calendar days from the first position on the funded account. Bi-weekly withdrawals and an 80% profit split follow, and the maximum loss rule can increase by +1% with each successful withdrawal, up to 14%.

ELEV8 Program Account Scaling Plan

ELEV8 program accounts feature a unique scaling plan, which can be seen in the table below:

Trading instruments for ELEV8 include forex pairs, commodities, indices, equities, and cryptocurrencies.

ELEV8 Program Account Rules:

• Profit Target: 8% in Phase 1, 5% in Phase 2; none for funded accounts.
• Maximum Daily Loss: 5% for all account sizes.
• Maximum Loss: 8%, scalable to 14%.
• Maximum Trading Days: 30 in Phase 1, 60 in Phase 2.
• Third-Party Copy Trading Risk: Identical trading strategies may lead to denial of funded account/withdrawal.
• Third-Party EA Risk: Similar risks as above if the maximum capital allocation rule is exceeded.

The ELEV8 Program Account offers a well-defined pathway for skilled traders to showcase their abilities and achieve success in the global markets, providing a scalable and clear roadmap towards managing significant balances.

E8 Track Program Accounts

The E8 Track Program Account is designed to offer traders the chance to demonstrate their capabilities and manage accounts up to $250,000, all while being more affordable than the E8 evaluation program accounts. With a three-phase evaluation process, the E8 Track Program allows trading with 1:100 leverage.

E8 Track Phase One:

Traders are required to reach an 8% profit target without exceeding a 5% daily loss or 8% total loss within 30 calendar days, with no minimum trading days needed to advance.

E8 Track Phase Two:

This phase requires a 5% profit target within 60 calendar days, adhering to the same loss limits as Phase One, with no minimum trading days required to move to Phase Three.

E8 Track Phase Three:

Similar to Phase Two, traders must achieve a 5% profit target within 60 calendar days without surpassing the loss limits, to proceed to a funded account.

Successful completion of all three phases results in a funded account with no profit targets but must adhere to the 5% maximum daily loss and 8% total loss rules. The first payout comes 8 calendar days from the first position on the funded account, followed by bi-weekly withdrawals. Profits are split 80%, and the maximum loss rule may increase up to 14% with successful withdrawals.

E8 Track Program Account Scaling Plan:

The E8 Track scaling plan mirrors the E8 evaluation program account scaling plan. Traders can increase their balance by requesting an 80% profit split at the end of each trading period, thus enhancing the account size.

Example:

• Trading a $250k account, making a 10% profit results in a $275k balance.
• Requesting a profit split yields a $20k payout (80% of the $25k profit).
• Continuing to trade with $275k, as the profit made was $25k on a $250k account.

Trading instruments for the E8 Track include forex pairs, commodities, indices, equities, and cryptocurrencies.

E8 Track Program Account Rules:

• Profit Target: 8% in Phase 1; 5% in Phases 2 and 3; none for funded accounts.
• Maximum Daily Loss: 5% across all account sizes.
• Maximum Loss: 8%, scalable to 14%.
• Maximum Trading Days: 30 in Phase 1; 60 in Phases 2 and 3.
• Third-Party Copy Trading Risk & EA Risk: Using identical strategies through third-party services might result in denial of a funded account/withdrawal if maximum capital allocation rules are exceeded.

The E8 Track Program Account provides a structured and affordable pathway for traders to validate their skills and work towards managing substantial accounts, adhering to a transparent set of rules and profit targets.

What Makes E8 Funding Unique?

E8 Funding sets itself apart from other top-tier proprietary trading firms by offering a unique trio of funding programs: the E8 Evaluation, ELEV8, and E8 Track program accounts. These programs reflect a flexible approach, accommodating almost all trading styles, including trading during news events, holding positions overnight, and maintaining trades over weekends.

Within the E8 Funding's normal evaluation and ELEV8 program accounts, a two-phase evaluation process is employed. Traders must navigate through both phases, meeting a profit target of 8% in the first phase and 5% in the second phase. The rules also stipulate a 5% maximum daily loss and an 8% maximum overall loss, but notably, there is no minimum requirement for trading days in either phase before accessing funding. The E8 evaluation program accounts include an additional scaling plan, a feature that, combined with the relatively low profit targets and absence of minimum trading day requirements, further distinguishes E8 Funding from other leading prop firms in the industry.

Comparison between E8 Funding & Finotive Funding:

Comparison between E8 Funding & Funded Trading Plus:

Comparison between E8 Funding & FundedNext:

E8 Funding's extended evaluation program accounts introduce a two-phase evaluation system, culminating in eligibility for payouts. Within this framework, traders must achieve an 8% profit target in the initial phase, followed by a 5% target in the second phase, all the while adhering to a 5% maximum daily loss and a 10% total maximum loss rule. Uniquely, this extended evaluation requires traders to engage in trading for at least five days within each phase before progressing to the funded stage. Just like other E8 evaluation programs, the extended evaluation also incorporates a scaling plan. When benchmarked against other leading proprietary trading firms, E8 Funding's extended evaluation stands out for its relatively modest profit objectives and balanced drawdown constraints.

Comparison between E8 Funding & My Forex Funds:

Comparison between E8 Funding & True Forex Funds:

Comparison between E8 Funding & Blue Guardian:

E8 Funding's distinctive E8 Track program is delineated by a three-phase evaluation process that traders must navigate before qualifying for payouts. The profit targets are meticulously structured, with an 8% goal in the first phase and a 5% target for both the second and third phases, maintaining a 5% cap on daily losses and an overall 8% loss limitation. Remarkably, there are no prescribed minimum trading days in any of the phases, allowing for flexibility before reaching the funded stage. Additionally, E8 Track program accounts incorporate a scaling strategy, a standout feature that, when contrasted with other leading proprietary trading firms, highlights E8 Funding's competitive pricing, modest profit goals, and absence of minimum trading day stipulations.

In sum, E8 Funding sets itself apart from comparable industry-leading prop firms by presenting three distinct funding programs. This differentiation is further emphasized by their more lenient trading regulations, nearly devoid of constraints, including the elimination of minimum trading days—a rule that empowers traders to achieve funding status in a single day.

E8 Funding's Trading Requirements

Understanding the feasibility of meeting trading requirements is crucial when evaluating prop firms to match your forex trading strategy. A high profit split on a well-funded account may be appealing, but with expectations of substantial monthly gains and minimal allowable drawdowns, success may be elusive.

Obtaining capital from E8's standard evaluation and ELEV8 program accounts is likely due to modest profit targets (8% in phase one and 5% in phase two) and below-average loss rules (5% daily maximum and 8% total maximum loss).

The extended E8 evaluation program accounts offer similar opportunities, with accessible targets (8% in phase one and 5% in phase two) and moderate loss limitations (5% daily maximum and 10% total maximum loss).

With E8 Track program accounts, funding is attainable as well, thanks to reasonable profit goals (8% in phase one and 5% in phase two and phase three) and balanced loss regulations (5% daily maximum and 8% total maximum loss).

In summary, E8 Funding provides an attractive option for traders, offering three distinct funding programs with achievable trading objectives and fair conditions for receiving payouts.

Funded payments proof

E8 Funding was incorporated on the 5th of November, 2021. Traders who get funded can benefit from bi-weekly payouts with no restrictions on minimum profit targets.

Brokers Utilized by E8 Funding

E8 Funding doesn't engage with standard brokers but trades via a Tier-1 Liquidity Provider. This offers Direct Market Access, no commissions, low spreads, and flawless execution on the E8 MT4 Server. Available platforms include Meta Trader 4 and MetaTrader 5.

E8 Funding Trading Instruments

E8 Funding permits trading across various instruments like forex pairs, commodities, indices, equities, and cryptocurrencies, with a 1:100 leverage.

FOREX:

COMMODITIES:

INDICES:

EQUITIES:

CRYPTO:

Trading Fees

E8 Funding's trading fees are transparent and determined by various commission rates for different assets. Below is the detailed structure for these trading fees:

Commission Examples:

Forex: If you open 10 lots for EUR/USD with a current ASK price of 1.1 and a commission rate of 0.005%, the calculation will be 0.00005 * (10 * 1.1 * 100,000) = $55.

For non-USD pairs, you'll need to adjust for the exchange rate.

Stocks: For a stock like AAPL with a 0.3% commission, if you buy one lot at the current ASK price of $139.68, the commission is calculated as 0.003 * 139.68 * 1 * 1 = $0.41904.

All of E8 Funding's trading instrument commissions are percentage-based, depending on the price at that moment. More specifications can be found on the E8X Public Symbols Dashboard.

‍Spread:

To have a look and check the live spreads, use these login credentials to the trading account below:

[Option 1]

Platform: MetaTrader 4

Server: E8Funding-Demo

Login Number: 2132497101

Password: z4mmpstm

Download Platform: Click here

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[Option 2]

Platform: MetaTrader 5

Server: E8Funding-Demo

Login Number: 8000

Password: z4mmpstm

Download Platform: Click here

Education & Support for Traders

E8 Funding, a prominent proprietary trading firm, has garnered attention for its well-designed programs and customer-oriented services. Here's an in-depth review:

Educational Content & Online Presence:

E8 Funding doesn't offer educational content on their site, but they're active in online forums. Engage with threads on Forex Factory about E8 Funding, or explore ‘PROP FIRM HUB’ by MasterrMind where E8 Funding is frequently mentioned. Experience their free trial to familiarize yourself with the Evaluation Process and reduce errors. Their well-structured dashboard simplifies risk management with real-time statistics.

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Traders’ Comments about E8 Funding:

Customers praise E8 Funding's dashboard and responsive support team.

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They've earned a 4.7/5 on Trustpilot from 846 reviews, reflecting a positive community sentiment. Features like affordable challenges and a cheerful owner resonate with traders.

Social Media Statistics:

Connect with E8 Funding on:

Instagram (18.5k followers)

Facebook (1.3k followers)

Twitter (786 followers)

Youtube (422 subscribers)

Telegram (2,962 subscribers).

Support:

Find help on E8 Funding’s FAQ page or reach them via social media and email at support@e8funding.com. Live chat is available Monday – Friday: 7 AM – 6 PM CST; Weekends: 11 AM – 2 PM CST.

Summary:

E8 Funding, a credible prop trading entity, presents traders three distinctive funding options: the E8 evaluation and the ELEV8 program accounts.

The classic evaluation and ELEV8 initiatives are standard dual-phase evaluation routes demanding two phase completions to secure funding and qualify for profit sharing. To achieve funding through E8 Funding, traders must attain 8% profit targets in phase one and 5% in the subsequent phase. These targets are pragmatic, especially when there's a cap of 5% daily losses and 8% total losses. With the traditional evaluation and ELEV8 methods, participants can claim up to 80% of the profits and have the capacity to upgrade their accounts.

The expanded evaluation procedures also stick to the two-phase paradigm before providing funding and profit eligibility. Here too, traders must hit the 8% and 5% profit milestones in the two phases. This system keeps a 5% daily and a slightly higher 10% overall loss ceiling. Joining extended evaluations can fetch you an 80% profit share, and there's room for account augmentation.

Differently, E8 Track initiatives are exceptional, involving a three-phase challenge. Here, aspirants need to hit the 8% mark in the initial phase and 5% in the subsequent two phases, keeping within a 5% daily and 8% total loss framework. Through the E8 Track, a lucrative 80% of the profit can be yours, with scaling advantages.

E8 Funding is great for anyone scouting for a transparent prop firm. They may be newcomers, but their offerings are lucrative for a broad spectrum of traders with distinct strategies. After a thorough analysis, it's evident that E8 Funding is carving a niche as a prop firm leader.

This E8 Funding review received its last update on 11.08.2023 at 07:41 (CE(S)T).

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