E8 Funding fosters its traders' advancement in their professional paths. The firm expects its clients to demonstrate consistent discipline, robust risk management, and a focus on sustained growth. Participants can potentially secure substantial earnings, with the autonomy to oversee accounts as large as $200,000 and retain 80% of the profits. This is achievable by trading a diverse range of financial instruments, such as forex pairs, commodities, indices, and digital currencies.
The headquarters of this Prop Firm is located in the USA (Dallas).
Basic information:
Expert Advisors Suitable for this Prop Firm:
Two Funding Programs for your choice: E8 Account, E8 Track
- E8 Account
- E8 Track
Funding Program - E8 Account
The E8 Funding's E8 Account offers traders the ability to manage account sizes between $25,000 and $200,000. This initiative aims to identify proficient traders who exhibit both profitability and efficient risk management throughout a two-step evaluation phase. The E8 Account provides the versatility to trade with leverage up to 1:50 and allows traders to choose their favored account funding currency, including options like USD, EUR, and GBP.
During the first evaluation stage, traders must achieve an 8% profit target without exceeding the 5% maximum daily loss or 8% overall loss limits. Notably, this phase imposes no minimum or maximum trading day criteria. Advancement to the next stage hinges on reaching the 8% profit goal while adhering to the established loss limits.
In the second evaluation stage, traders aim for a 5% profit target, ensuring they do not exceed the 5% daily loss or 8% total loss thresholds. Similar to the first phase, there are no specific requirements for the number of trading days. To qualify for a funded status, traders need only hit the 5% profit mark without violating the daily or total loss restrictions.
Upon successfully navigating both stages, traders gain access to a funded account with no restrictions on withdrawal frequency. They must continue to observe the 5% maximum daily loss and 8% total loss rules. The initial payout occurs 8 calendar days after the first trade on the funded account, with subsequent withdrawals available every two weeks. Traders enjoy an 80% share of the profits earned on their funded account. Notably, with each successful withdrawal, the maximum loss limit incrementally increases by 1%, up to a 14% ceiling.
Scaling Plan for the E8 Account
The E8 Account includes a progressive scaling plan. Traders can enhance their balance by requesting their share of profits at the conclusion of each trading cycle. E8 Funding will then allocate an 80% share of the profits earned on the funded account, and the balance prior to withdrawal is reinstated to facilitate the growth of the account size.
Consider this scenario:
- Suppose you're managing a $200,000 account and secure a 10% profit ($20,000).
- Your revised account balance would be $220,000.
- Upon requesting a profit division, you'll receive $16,000, which represents an 80% share of the $20,000 profit.
- As a result of your $20,000 earnings on the $200,000 account, your trading will continue with a balance of $220,000.
E8 Account Trading Guidelines & Goals
- Profit Objective: To advance through an evaluation phase, withdraw earnings, or scale their account, traders must hit a specific profit percentage. The first phase has an 8% profit target, while the second phase requires a 5% profit. There are no explicit profit goals for funded accounts.
- Maximum Daily Loss: This is the upper limit of loss a trader can incur in a single day without violating the account's terms. All accounts are subject to a 5% maximum daily loss.
- Overall Maximum Loss: This pertains to the total loss a trader can bear without compromising the account, set at 8% for all account sizes. This limit can be adjusted up to 14%.
Funding Program - E8 Track
E8 Funding's E8 Track offers traders the chance to oversee accounts with sizes varying from $25,000 to $200,000. The objective is to pinpoint skilled traders who demonstrate consistent profitability and effective risk control over a three-step evaluation phase. With the E8 Track, participants have the option to trade using leverage of up to 1:50 and select their preferred funding currency from options like USD, EUR, and GBP.
In the initial evaluation phase, traders must achieve an 8% profit target without exceeding the 5% maximum daily loss or 8% overall loss restrictions. Importantly, this stage has no specific requirements for the number of trading days. Advancing to the next phase hinges on meeting the 8% profit goal while adhering to the daily and total loss limits.
The second evaluation phase demands traders to hit a 5% profit target, ensuring they stay within the 5% daily loss or 8% total loss boundaries. Like the first phase, there's no set number of trading days required. Moving to a funded status requires reaching the 5% profit mark without violating the established loss thresholds.
The third evaluation phase also sets a 5% profit target for traders, with the same 5% maximum daily loss and 8% total loss limits. There are no specific trading day requirements for this phase either. To transition to a funded status, achieving the 5% profit target without crossing the loss limits is necessary.
Upon successfully completing all three evaluation stages, traders receive a funded account with no restrictions on the frequency of withdrawals. The only requirements are to maintain adherence to the 5% maximum daily loss and 8% total loss rules. The initial payout is scheduled 8 calendar days after the first trade on the funded account, with subsequent withdrawals permitted every two weeks. Traders are entitled to an 80% share of the profits made on their funded account. Additionally, with each successful withdrawal, the maximum loss limit incrementally increases by 1%, up to a maximum of 14%.
E8 Track Scaling Plan
The E8 Track incorporates a growth strategy as well. Enhance your balance by applying for a share of the profits at the end of each trading cycle. E8 Funding will allocate 80% of the profits you've earned on your funded account as a profit share, and then reinstate the balance prior to the withdrawal to accordingly augment the size of your account.
For instance:
- Suppose you're managing an account worth $200,000 and you secure a 10% profit ($20,000).
- This brings your updated account balance to $220,000.
- Upon requesting your share of the profits, you'll receive $16,000, which is 80% of the $20,000 profit earned.
- With the $20,000 profit made from your initial $200,000 account, your trading will proceed with an increased balance of $220,000.
E8 Track Trading Guidelines & Goals
- Profit Objective – To successfully complete an evaluation phase, withdraw profits, or expand their trading portfolio, traders must hit a specific profit margin. For Phase 1, this margin is 8%, while Phases 2 and 3 necessitate a 5% profit achievement. Funded accounts are not subject to predefined profit objectives.
- Daily Loss Cap – This is the highest amount of loss a trader can incur in a single day without violating account terms. Every account is subject to a 5% daily loss cap.
- Overall Loss Cap – This refers to the total amount of loss a trader can sustain without compromising the account, set at 8% for all account sizes. This limit can be adjusted to a maximum of 14%.
Assessing the Feasibility of E8 Funding Capital
When contemplating proprietary trading firms that match your forex trading approach, it's vital to scrutinize the feasibility of their trading prerequisites. A firm might offer appealing conditions like a high profit split on a well-funded account, but its practicality may diminish if it requires significant monthly profits combined with strict drawdown limits, which can severely impact the chances of success. Evaluating time restrictions is also critical, as a trading period without time limits is preferable, reducing pressure and enhancing strategy execution. Familiarizing yourself with all the trading regulations during both the evaluation and funding stages is crucial to avoid inadvertently breaching account terms.
Obtaining funding from the E8 Account is realistic, thanks in part to its achievable profit goals (8% in the first phase and 5% in the second) and relatively lenient maximum loss regulations (5% daily maximum and 8% total loss, adjustable to 14%). The absence of minimum or maximum trading day constraints adds flexibility, allowing traders to either secure funding quickly or trade at a pace that suits them. Successfully completing the evaluation phases opens the door to 80% profit split payouts.
Similarly, securing funding from the E8 Track is attainable, especially given its reasonable profit targets across its additional evaluation phase (8% in the first, 5% in the second and third phases) and similar maximum loss rules (5% daily maximum and 8% total loss, adjustable to 14%). The lack of trading day limitations offers the same flexibility, enabling traders to progress at their own speed. After all three evaluation phases, participants are eligible for the same beneficial 80% profit split.
Considering these aspects, E8 Funding stands out as a highly recommended option, offering two distinct funding programs: a two-step and a three-step evaluation. Both provide realistic trading goals and conditions for qualifying for payouts, catering to different trading styles and preferences.
Proof of Payment
Established on November 5, 2021, E8 Funding is a proprietary trading firm boasting a considerable community of traders who have achieved funded status and are eligible for profit-sharing.
As a trader working with E8 Funding, whether through the E8 Account or the E8 Track, you become entitled to your initial payout after 8 calendar days of reaching funded status. Subsequent payouts are available every 14 calendar days, provided your account exceeds its initial size. A substantial 80% of the profit generated on your funded account constitutes your profit share.
Evidence of E8 Funding's payments is accessible on various online platforms. For instance, Trustpilot features reviews from traders sharing their experiences and successful payout processes with the company. Additionally, their Telegram channel showcases a range of payout certificates from their top-performing traders.
Visual examples of these payout certificates and other forms of payment verification are available below.
