#7. E8 Funding

E8 Funding is a global funding provider that is dedicated to uncovering hidden talents within their community. They have a strong commitment to identifying and nurturing traders from all around the world. Their primary goal is to offer exceptional funding opportunities that enable individuals to pursue a career as professional traders.

At E8 Funding, traders are strongly motivated to excel in their careers. The company places a high emphasis on discipline, risk management, and long-term consistency among its clients. Traders are empowered to earn substantial profits by effectively managing account sizes of up to $1,000,000 and receiving impressive profit splits of 80%. This can be accomplished through trading a diverse range of financial instruments, including forex pairs, commodities, indices, equities, and cryptocurrencies.

Who are E8 Funding?

Established on November 5th, 2021, E8 Funding is an esteemed proprietary firm that takes pride in being among the pioneering prop firms situated in the United States. They offer funding opportunities on a global scale.

With offices situated in Dallas and Texas, USA, as well as in Prague, Czech Republic, E8 Funding provides traders with the potential to access capital balances of up to $1,000,000, accompanied by generous profit splits of 80%. As their broker, they have partnered with a reputable tier-1 liquidity provider, ensuring direct market access for their traders.

The company's headquarters are located at 100 Crescent Ct, Unit 700, Dallas, TX 75201, United States.

Who is the CEO of E8 Funding?

Dylan Elchami is the CEO of E8 Funding

Funding program options

E8 Funding provides traders with a range of three distinctive programs to select from:

• E8 evaluation program accounts
• ELEV8 program accounts
• E8 Track program accounts

E8 evaluation program account

The objective of the E8 Funding's regular evaluation program account is to recognize skilled and dedicated traders and provide them with rewards based on their consistent performance during the two-phase evaluation period. With the normal E8 evaluation program account, you have the opportunity to trade with leverage of 1:100, and you can also select your preferred account funding currency from USD, EUR, and GBP.

Account Size - Prices

$25,000 - $228

$50,000 - $338

$100,000 - $588

$250,000 - $988

In the initial evaluation phase, traders must achieve a profit target of 8% within 30 calendar days, while ensuring they do not exceed a maximum daily loss of 5% or a maximum overall loss of 8%. There is no minimum requirement for the number of trading days to progress to phase two.

In the second evaluation phase, traders need to reach a profit target of 5% within 60 calendar days, while staying within the maximum daily loss of 5% and maximum overall loss of 8%. There is no minimum trading day requirement to advance to a funded account.

Upon successfully completing both evaluation phases, traders are awarded a funded account where no profit targets need to be met. However, they must still adhere to the maximum daily loss of 5% and maximum overall loss of 8%. The first payout is issued 8 calendar days after placing the first position on the funded account, and subsequent withdrawals can be made on a bi-weekly basis. The profit split is 80%, based on the profits generated in the funded account. It's important to note that the maximum loss rule increases by 1% with each successful withdrawal, reaching a maximum of 14%.

Normal E8 evaluation program account scaling plan

In addition, the normal E8 evaluation program accounts offer a scaling plan. This plan allows you to grow your account balance by requesting a profit split at the conclusion of each trading period. Upon your request, they will send you 80% of the profits you have earned, while also replenishing the withdrawn amount to boost your account size.

For instance, let's consider an example:

1. You engage in trading with a $250k account and achieve a 10% profit.

2. As a result, your account balance increases to $275k.

3. At this point, you decide to request a profit split, entitling you to a payout of $20k, which corresponds to 80% of the $25k profit you earned.

4. By receiving the $20k payout, you maintain the initial profit of $25k on your $250k account, allowing you to continue trading with a new account balance of $275k.

The normal E8 evaluation program accounts encompass a variety of trading instruments, including forex pairs, commodities, indices, equities, and cryptocurrencies.

Normal E8 evaluation program account rules

• The profit target refers to a predetermined percentage of profit that traders must achieve in order to fulfill an evaluation phase, withdraw profits, or scale their account. In phase 1, the profit target is set at 8%, while phase 2 requires reaching a profit target of 5%. On the other hand, funded accounts do not have any profit targets to meet.

• The maximum daily loss represents the highest allowable amount of loss that a trader can incur within a single day before their account is considered violated. For all account sizes, the maximum daily loss limit is set at 5%.

• The maximum loss refers to the maximum amount of loss a trader can experience in their account before it is considered violated. Regardless of the account size, the maximum loss limit is set at 8% for all accounts (with the potential to scale up to 14%).

• The maximum trading days represent the limit on the duration within which you must achieve a particular profit target or withdrawal target. In phase 1, the maximum trading days allowed is 30, while in phase 2, it extends to a maximum of 60 trading days.

• When it comes to third-party copy trading, it's important to be aware of the associated risks. By utilizing a third-party copy trading service, it's possible that other traders are already employing the same trading strategy. Consequently, if you choose to use such a service, there is a potential risk of being denied a funded account or withdrawal if you surpass the maximum capital allocation rule.

• When considering the use of a third-party EA (Expert Advisor), it is important to understand the associated risks. By employing a third-party EA, it is possible that other traders are already utilizing the same trading strategy. Consequently, if you choose to use such an EA, there is a potential risk of being denied a funded account or withdrawal if you exceed the maximum capital allocation rule.

Extended E8 evaluation program accounts

The objective of the E8 Funding's extended evaluation program account is to recognize dedicated and skilled traders who demonstrate consistent performance during the two-phase evaluation period. The E8 evaluation program account provides the opportunity to trade with leverage of 1:100, and it allows you to select your preferred account funding currency from USD, EUR, and GBP.

Account Size - Prices

$25,000 - $228

$50,000 - $338

$100,000 - $588

$250,000 - $988

In the evaluation program, phase one necessitates traders to achieve an 8% profit target while ensuring their daily losses do not exceed 5% and their overall losses remain within 10%. It is mandatory to reach the profit target within 60 calendar days from the placement of the first trade in the evaluation account. Additionally, a minimum of five trading days is required to proceed to phase two.

Moving to phase two, traders must attain a 5% profit target while adhering to the 5% maximum daily loss and 10% maximum loss rules. The timeframe to achieve the profit target is extended to 120 calendar days from the initiation of the first trade in the evaluation account. Similarly, a minimum of five trading days must be completed to advance to a funded account.

Upon successful completion of both evaluation phases, traders are granted a funded account where profit targets are no longer applicable. The only requirements are to adhere to the 5% maximum daily loss and 10% maximum loss rules. The first payout is issued 14 calendar days after placing the first trade in the funded account, with subsequent withdrawals permitted on a bi-weekly basis. The profit split is set at 80% based on the profits generated in the funded account. It's important to note that the maximum loss rule increases by 1% with each successful withdrawal, reaching a maximum of 14%.

Extended E8 evaluation program account scaling plan

Additionally, the extended E8 evaluation program accounts offer a scaling plan. This plan allows you to boost your account balance by requesting a profit split at the conclusion of each trading period. Upon your request, they will provide you with 80% of the profits you have earned, while also replenishing the withdrawn amount to augment your account size.

Here's an example to illustrate this scaling plan:

1. You engage in trading with a $250k account and generate a profit of 10%.

2. As a result, your account balance increases to $275k.

3. Subsequently, you decide to request a profit split, entitling you to a payout of $20k, which corresponds to 80% of the $25k profit you earned.

4. Having obtained a profit of $25k while trading with your initial $250k account, you continue your trading activities with the increased account balance of $275k.

The extended E8 evaluation program accounts offer a range of trading instruments, including forex pairs, commodities, indices, equities, and cryptocurrencies.

Extended E8 evaluation program account rules

• The profit target represents a predetermined percentage of profit that traders must achieve in order to successfully complete an evaluation phase, make profit withdrawals, or scale their account. In phase 1, the profit target is set at 8%, while phase 2 requires reaching a profit target of 5%. It's worth noting that funded accounts do not have any specific profit targets to meet.

• The maximum daily loss refers to the highest allowable loss a trader can incur within a single day before their account is considered violated. For all account sizes, the maximum daily loss limit is set at 5%.

• The maximum loss signifies the highest permissible amount of loss that a trader can experience in their account before it is considered violated. For all account sizes, the maximum loss limit is set at 10% (with the potential to scale up to 14%).

• The minimum trading days represent the minimum duration for which you must actively engage in trading before completing an evaluation phase or requesting a withdrawal. Both evaluation phases require a minimum of five trading days. However, once you transition to a funded account, there are no minimum trading day requirements to fulfill.

• The maximum trading days indicate the time limit within which you must achieve a specific profit target or withdrawal target. During phase 1 of the evaluation program, you have a maximum of 60 trading days available to reach your objectives. In phase 2, the duration is extended to a maximum of 120 trading days. It is essential to meet these targets within the specified time periods for each respective phase.

• When considering third-party copy trading, it is important to be aware of the associated risks. By utilizing a third-party copy trading service, you should take into account that there may already be other traders using the same service, employing identical trading strategies. By opting for such a service, there is a potential risk of being denied a funded account or withdrawal if you surpass the maximum capital allocation rule.

• When it comes to the risk associated with third-party EAs (Expert Advisors), it is important to consider that other traders may already be utilizing the same EA, employing an identical trading strategy. By opting to use a third-party EA, there is a potential risk of being denied a funded account or withdrawal if you exceed the maximum capital allocation rule.

ELEV8 program account

The ELEV8 program account aims to provide traders with an opportunity to showcase their skills by managing up to $1,000,000 in balance while enjoying access to global markets with top-tier liquidity and technology. Traders participating in the ELEV8 program account are rewarded for their consistency throughout the two-phase evaluation period. This account allows you to trade with a leverage of 1:100.

In evaluation phase one, traders are required to achieve a profit target of 8% while ensuring that their daily losses do not exceed 5% and their overall losses do not exceed 8%. You must reach the profit target within 30 calendar days from the day you place your first position on the evaluation account. There is no minimum trading day requirement to proceed to phase two.

Evaluation phase two entails achieving a profit target of 5%, while maintaining a maximum daily loss of 5% and a maximum loss of 8%. You have 60 calendar days from the day you place your first position on the evaluation account to meet the profit target. Similar to phase one, there is no minimum trading day requirement to advance to a funded account.

Upon successfully completing both evaluation phases, you are granted a funded ELEV8 account where profit targets are not imposed. Instead, you are obligated to adhere to the maximum daily loss of 5% and the maximum loss of 8%. Your initial payout is scheduled 8 calendar days after placing your first position on the funded account, with subsequent withdrawals eligible for submission on a bi-weekly basis. The profit split on your funded account will be 80% based on the profits you generate. It is important to note that your maximum loss rule increases by 1% with each successful withdrawal, reaching a maximum limit of 14%.

ELEV8 program account scaling plan

The ELEV8 program accounts incorporate a scaling plan, which can be found in the spreadsheet provided below.

The trading instruments available for ELEV8 program accounts encompass a diverse range, including forex pairs, commodities, indices, equities, and cryptocurrencies.

ELEV8 program account rules

• A profit target is a predetermined percentage of profit that traders must achieve in order to successfully complete an evaluation phase, withdraw profits, or scale their account. In phase 1, the profit target is set at 8%, while in phase 2, it is adjusted to 5%. It is important to note that funded accounts do not have any specific profit targets.

• The maximum daily loss refers to the highest amount of loss a trader can incur within a single day before their account is considered violated. For all account sizes, there is a uniform maximum daily loss limit of 5%.

• The maximum loss represents the upper limit of total losses that a trader can experience before their account is considered violated. Across all account sizes, there is a standard maximum loss threshold of 8%, which can be scaled up to 14% if necessary.

• The maximum trading days indicate the time limit within which traders must achieve a specific profit target or withdrawal target. During phase 1, traders have a maximum period of 30 trading days to meet their objectives, while phase 2 allows for a maximum of 60 trading days.

• When considering third-party copy trading, it is essential to understand the associated risk. By utilizing a third-party copy trading service, it's important to recognize that other traders may already be using the same service, adopting an identical trading strategy. By engaging in third-party copy trading, there is a potential risk of being denied a funded account or withdrawal if the maximum capital allocation rule is exceeded.

• When considering the risk associated with third-party EAs, it's important to be aware that if you choose to utilize a third-party EA, there is a possibility that other traders are already using it, thereby employing the exact same trading strategy. By employing a third-party EA, you potentially face the risk of being denied a funded account or withdrawal if you surpass the maximum capital allocation rule.

E8 Track program accounts

The primary goal of the E8 Track program account is to offer traders a chance to showcase their abilities and handle account sizes of up to $250,000 in balance, while being more cost-effective compared to the E8 evaluation program accounts. Traders are acknowledged for their consistent performance throughout the three-phase evaluation period when utilizing the E8 Track program account. This account also enables trading with leverage of 1:100.

Account Size - Prices

$25,000 - $138

$50,000 - $208

$100,000 - $358

$250,000 - $598

In the E8 Track program, each phase has specific requirements and targets for traders to achieve. Here's a rephrased version of the provided information:

E8 Track Phase 1 necessitates traders to reach an 8% profit target while staying within the 5% maximum daily loss and 8% maximum loss rules. You have 30 calendar days from the day you initiate your evaluation account to achieve the profit target. There is no minimum trading days requirement to proceed to Phase 2.

E8 Track Phase 2 requires traders to attain a 5% profit target while adhering to the 5% maximum daily loss and 8% maximum loss rules. You have 60 calendar days from the day you start your evaluation account to reach the profit target. There is no minimum trading days requirement to proceed to Phase 3.

E8 Track Phase 3 mandates traders to achieve a 5% profit target while abiding by the 5% maximum daily loss and 8% maximum loss rules. You have 60 calendar days from the day you initiate your evaluation account to meet the profit target. There is no minimum trading days requirement to proceed to a funded account.

Upon successfully completing all three evaluation phases, you will be granted a funded account without any profit targets. You are only required to adhere to the 5% maximum daily loss and 8% maximum loss rules. Your initial payout will be made 8 calendar days after placing your first position on the funded account, and subsequent withdrawals can be submitted bi-weekly. The profit split for your funded account will be 80% based on the profits you generate. It's important to note that your maximum loss rule increases by 1% with each successful withdrawal, up to a maximum of 14%.

E8 Track program account scaling plan

E8 Track program accounts follow a scaling plan similar to that of the E8 evaluation program accounts. By requesting a profit split at the end of each trading period, you can increase your account balance. Upon approval, you will receive an 80% share of the profits you have earned. Additionally, the balance before the withdrawal will be added back to your account, further enhancing its size.

Example:

1. You are engaged in trading with an account valued at $250k, and you achieve a profit of 10%.

2. As a result, your account balance increases to $275k.

3. Subsequently, you request a profit split, entitling you to a payout of $20k (80% of the $25k profit you earned).

4. Since you have obtained a profit of $25k on your initial $250k account, you can continue trading with the updated balance of $275k.

The E8 Track program accounts encompass a range of trading instruments, including forex pairs, commodities, indices, equities, and cryptocurrencies.

E8 Track program account rules

• A profit target refers to a predetermined percentage of profit that traders need to achieve in order to successfully complete an evaluation phase, withdraw profits, or scale their account. Phase 1 of the evaluation program has an 8% profit target, while both phase 2 and phase 3 require a profit target of 5%. It's important to note that funded accounts do not have any specific profit targets to meet.

• The maximum daily loss refers to the highest amount of loss that a trader can incur within a single day before their account is considered in violation. For all account sizes, the maximum daily loss is set at 5%, indicating that exceeding this threshold would result in a violation of the account's trading terms.

• The maximum loss represents the highest permissible loss that a trader can experience in their account before it is considered in violation. Regardless of the account size, the maximum loss is set at 8% (with the possibility of scaling it up to 14%). This means that if the accumulated loss exceeds this threshold, it would result in a violation of the account's trading conditions.

• When considering third-party copy trading services, it is important to be aware of the risk involved. By utilizing such services, you expose yourself to the possibility that other traders are already using the same platform and employing identical trading strategies. Consequently, there is a potential risk of being denied a funded account or withdrawal if you exceed the maximum capital allocation rule. It is crucial to keep this in mind when deciding whether to engage in third-party copy trading.

• Third-party EA risk means that if you intend to use an EA, you should keep in mind that by using a third-party EA, there might be other traders that are already using it and therefore using exactly the same trading strategy. By using a third-party EA, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.

What makes E8 Funding different from other prop firms?

E8 Funding distinguishes itself from other top prop firms by offering three distinct funding programs: E8 evaluation, ELEV8, and E8 Track program accounts. One notable aspect is the flexibility they provide in trading style, allowing you to trade during news, hold positions overnight, and even trade on weekends.

For E8 Funding's normal evaluation and ELEV8 program accounts, there is a two-phase evaluation process that traders must complete to become eligible for payouts. Phase one requires a profit target of 8%, while phase two has a profit target of 5%. These phases also adhere to a 5% maximum daily loss and 8% maximum loss rule. Additionally, there is no minimum trading day requirement in either phase before becoming funded. It is worth noting that the E8 evaluation program accounts also offer a scaling plan. In comparison to other leading prop firms, E8 Funding sets relatively lower profit targets and does not impose a minimum trading day requirement.

A comparative example between E8 Funding and Funded Trading Plus:

A comparative example between E8 Funding and True Forex Funds:

Is getting E8 Funding capital realistic?

When evaluating prop firms that align with your forex trading style, it is crucial to assess the realism of their trading requirements. While a company may offer a high profit split on a well-funded account, it becomes less appealing if they expect unattainably high monthly gains while maintaining low maximum drawdown percentages, making success highly unlikely.

Obtaining capital from the normal E8 evaluation and ELEV8 program accounts is realistic primarily because they set relatively modest profit targets (8% in phase one and 5% in phase two) and slightly below-average maximum loss rules (5% maximum daily and 8% maximum loss).

Obtaining capital from the extended E8 evaluation program accounts is also realistic as they have similar profit targets (8% in phase one and 5% in phase two) but with average maximum loss rules (5% maximum daily and 10% maximum loss).

Receiving capital from E8 Track program accounts is considered realistic since they feature relatively low profit targets (8% in phase one and 5% in phases two and three) with average maximum loss rules (5% maximum daily and 8% maximum loss).

Considering these factors, E8 Funding presents an excellent choice for securing funding as they offer three distinct funding programs, each with realistic trading objectives and conditions for receiving payouts.

Payout proof

Which brokers does E8 Funding use?

E8 Funding differs from typical broker brands as they do not trade through common broker platforms. Instead, they have a direct relationship with a Tier-1 Liquidity Provider, granting them Direct Market Access. This arrangement ensures no commissions, low spreads, and seamless trade execution through their E8 MT4 Server.

In terms of trading platforms, E8 Funding supports both Meta Trader 4 and MetaTrader 5, providing traders with flexibility in choosing their preferred platform.

Trading instruments

Trading fees

Commission examples:

Forex:

Let's consider a scenario where you open 10 lots for EUR/USD. The current ASK price (for a buy order) is 1.1, and the commission rate is 0.005%. The size of each lot is 100,000.

The calculation would be: 0.00005 (10 1.1 * 100,000) = $55

For non-USD pairs, an additional step is required to convert the commission into USD. You need to divide it by the exchange rate of the currency.

For instance, if you want to trade GBP/JPY and determine the commission in USD, the calculation would be as follows:

(10 100,000 163.365 * 0.00005) / 134.975 (USDJPY rate)

Stocks:

For AAPL, the commission rate is 0.3%. Let's say you want to buy one lot, which represents one AAPL share. Take the current ASK price (for a buy order) of the instrument (approximately $139.68) and multiply it by the commission rate.

The calculation would be: 0.003 139.68 1 * 1 = $0.41904

Please note that commissions for trading instruments with E8 Funding are based on a percentage of the price at the specific moment of trading. You can refer to their E8X Public Symbols Dashboard to access detailed information on trading instrument specifications and commissions.

Spread:

To view the current live spreads, please log in to the trading account provided below.

Education & Support

E8 Funding does not offer any educational resources or content on its website.

Traders’ Comments about E8 Funding

Social media statistics

E8 Funding can also be found on social media.

• Instagram account with 26,5k followers,
• Facebook page with 2k followers,
• Twitter account with 6k followers,
• Youtube channel with 1k subscribers and no uploaded videos yet, and

Summary

In summary, E8 Funding is a legitimate proprietary trading firm that provides traders with three funding program options: E8 evaluation and ELEV8 program accounts.

The normal evaluation and ELEV8 programs follow the industry-standard two-phase evaluation process, requiring completion of both phases to become funded and eligible for profit splits. E8 Funding sets realistic profit targets of 8% in phase one and 5% in phase two, aligning with a 5% maximum daily loss and 8% maximum loss rules. These programs offer 80% profit splits and the ability to scale accounts.

The extended evaluation programs also follow the two-phase evaluation structure, with profit targets of 8% in phase one and 5% in phase two. The maximum loss rules are slightly higher, with a 5% maximum daily loss and 10% maximum loss. Traders can earn 80% profit splits and have the opportunity to scale their accounts.

The E8 Track programs are distinct three-phase evaluation challenges, requiring completion of all three phases to become funded and eligible for profit splits. The profit targets are 8% in phase one and 5% in both phase two and phase three. The maximum loss rules remain consistent with a 5% maximum daily loss and 8% maximum loss. Traders can earn 80% profit splits and have the option to scale their accounts.

Based on their straightforward trading rules, I highly recommend E8 Funding to those seeking a prop firm. Although relatively new, they offer favorable conditions for traders with diverse trading styles. Considering all aspects, E8 Funding stands among the industry-leading prop firms.