E8 Funding was founded in 2021 by Dylan Elchami. They are based in Dallas, Texas. E8 Funding offer traders a user-friendly trading experience as well as top-class technology to pair with it. The prop firm strive to make prop trading accessible to all so that even the least experienced trader can become a professional funded trader. E8 funding wants to create unique funding opportunities for traders who can prove good trading skills and can trade profitably. The prop firm finds untapped potential within the community and provides creative funding programs to Forex and CFD traders around the world.
To enable anyone who wishes to become a professional trader, the prop firm looked for novel funding solutions. The fair and professional path with E8 Funding was built to help traders score a funded trading account and build their trading career with E8 Funding.
The company requires a high level of discipline from its traders to appropriately manage risks and ensure more predictable results. The firm generates significant amount of capital with a wide funding option ranging from $25,000 up to $1,000,000 with several tradable assets such as forex pairs, commodities indexes, equities, and cryptocurrencies. All of this with a profit spilt can be increased up to 90%.
E8 Funding offers three different funded programs which they call E8 Account, E8 Track, and ELEV8 Account.
- There are 4 different funding plans. Their $25k account costs $228, their $50k account costs $338, their $100k account costs $588 and their $250k account costs $988.
- Traders can choose between normal and extended accounts
- 8% profit target
- Up to 1:100 leverage available
- No minimum trading days for regular accounts, 5 minimum trading days for extended accounts
- The challenge is comprised of 2 phases
- Profit split is 80%/20%
- Traders can trade news
- Traders can hold trades overnight
- There are 4 different plans. $25k account costs $138, their $50k account costs $208, their $100k account costs $358 and their $250k account costs $598.
- Cheaper than the E8 Account, however, traders must complete 3 phases to get funded instead of 2
- No minimum trading days for each phase
- Up to 1:100 leverage available
- Profit split is 80%/20%
- This is the E8 Funding’s “accelerated” program. It is a $100,000 funded account and costs $888.
- Up to 1:100 leverage available
- 1 minimum trading day per stage
- Profit split up to 90%/10%
E8 Funding evaluation program account aims to identify serious and talented traders who are rewarded for their consistency and ability to manage risk in the 2-phase evaluation period. The E8 evaluation program account allows traders to trade with 1:100 leverage while also being able to choose their account capital between USD, EUR, and GBP
Phase 1 is the first step of E8’s trader evaluation. To trade an account connected to their firm’s capital, they need to ensure traders can trade responsibly and manage risk appropriately. The Phase 1 has reasonable rules, where the profit target is in balance with the drawdown allowed. They call these rules trading objectives. Traders have 30 days to complete this phase. As soon as traders meet all the Objectives of Phase 1, they can proceed to Phase 2. If they adhere to the risk management rules and finish with profit but don’t meet their profit target, they can try again free of charge.
- 8% Profit Target
- Max. 5% (Daily floating loss + closed loss)
- 8% Max. Initial Deposit Drawdown
- Minimum Trading Days: 0
- Maximum Calendar Days: 30
Phase-2 is the last step of our trader evaluation. The purpose of Phase-2 is to test trading skills further. The prop firm needs to be sure that traders can trade profitably in the long term while respecting capital and maintaining the rules. In Phase-2, the profit target is reduced to 5%, and traders have a full 60 days to achieve the trading objectives. As soon as traders meet all the objectives, they will become an E8 Funded Trader. If traders adhere to the risk management rules, finish with profit, but do not meet their profit target, they are able to try again free of charge.
- 5% Profit Target
- Max. 5% (Daily floating loss + closed loss)
- 8% Max. Initial Deposit Drawdown
- Minimum Trading Days: 0
- Maximum Calendar Days: 60
E8 Funding, which offers funding to all around the world, has already made some significant innovations in the time that they have been around. These are some the company’s key features:
80% Profit Share
Traders get to keep 80% of all profits that they generate with their funded account.
High-end Technology MetaTrader 4 & 5
You can’t go wrong with MetaTrader 4 & 5, the industry-preferred technology to trade a E8 funded account.
The prop firm wants to provide traders with the easiest funding experience possible. To provide institutional liquidity and top-notch technological solutions, the company has teamed with leading businesses.
E8 X Advanced Dashboard
Through the E8 X dashboard, the prop firm offers a straight to the point, user-friendly experience. Helping traders analyse all type of trading insights as well as viewing important statistics and results on their phone, tablet, or computer on the go. Traders trade from their MT4 platform and quickly see updates in the E8X dashboard.
Scalable Drawdown
Traders increase their account balance at their own pace! They get to keep what they earn in the trading balance. All traders were taken aback by the newly established account scaling option for regularly E8 funded accounts. For traders, the initial total drawdown is 8%. With each withdrawal (8 days for the initial withdrawal, every two weeks after), traders gain an additional 1% in daily drawdown until the account decline reaches 14%. The $250,000 account will therefore get an additional $2,500 in drawdown for each of the first six withdrawals.
Traders increase their initial deposit drawdown by 1% with each withdrawal and scale up to 14% initial deposit drawdown.
Automated Payment Methods
A highly efficient support staff enables the trader evaluation to be completed in less than two hours. The company also designed a brand-new trading dashboard where users of the E8 trading platform can ask for rewards. However, after 8 trading days, traders will qualify for the first reward.
Free Trial
It is also important to note that E8 Funding offers a Free Trial: just head to their website, first create an account in the dashboard then start your 14-day free trial with $100,000 in demo money to get a sense on how the E8 platform works.
Currently, E8 Funding offers up to 1:100 leverage.
- Major up to 1:100
- Exotics up to 1:50
- Commodities & Indices up to 1:50
- Crypto up to 1:5
As professional traders, they understand how important risk management is, and they believe that focusing on traders’ risk allocation rather than on their leverage is the best way to succeed. The prop firm believes that traders should be more focused on the maximum drawdown rules rather than on the maximum leverage.
Simply request a pay-out at: Funded-Center for any profits generated at the end of your 14-day trading period and the firm will promptly process your payment. The first payment will be eligible after 8 calendar days (8 days from the day of your first trade). All other withdrawals can be submitted on a 14-day basis. Traders will see their current withdrawal eligibility day in their E8X Dashboard. The pay-outs are processed within 1-2 business days. Traders can receive their profits via Deel.com using regular Bank Transfer, PayPal, Revolut, Wisepay, Payoneer, or in cryptocurrency via Coinbase. E8 Funding does not charge any commissions for withdrawals. However, the 3rd party processor of the withdrawal may charge some fees.
Traders don’t need to score any minimum profit to receive their 80% profit share. Whatever amount of profit they generate, that is what is split 80/20 and paid to the trader.
E8 Funding is in our opinion part of the top proprietary trading firms in 2023 and beyond thanks to their appealing trading rules, smooth withdrawal options, innovative technology, all-in-one analytics solution with the most important statistics needed for success, in an easy-to-use dashboard. Optimized for all devices.
E8 is a relatively new firm, but the company has built a good name for itself as a trustworthy and reliable prop trading firm. They offer good conditions to traders around the world and for all type of trading styles. Their main focuses are supplying funding opportunities to traders of different skill levels and offering an aesthetically pleasing and user-friendly dashboard, designed with traders’ experience in mind.
