E8 Markets

OVERVIEW

Operating out of the United States, E8 Markets has carved out two years in the competitive prop trading industry with CEO Dylan Elchami at the helm. The firm provides access to the mainstream and highly popular MT4 and MT5 platforms. The firm offers a diverse range of account sizes, starting from $25,000 to $250,000. E8 Funding’s evaluative approach provides traders the option to select between 2-step and 3-step evaluations, adding a layer of progression for those who prefer a phased trading plan. For the 2 Step Evaluation, the profit targets are set at 8% for Phase 1 and 5% for Phase 2. In the more extended 3 Step Evaluation, the profit targets remain consistent for the first two phases (8% for Phase 1 and 5% for Phase 2) but then introduce an additional 5% target for Phase 3. The maximum total drawdown is set between 8% to 10%, which indicates a reasonable risk tolerance. The firm offers a broad spectrum of trading instruments, including Forex, Commodities, Indexes, and Cryptocurrencies, accommodating a wide range of trading interests and strategies. Additionally, E8 Funding provides leverage options with up to 1:50 for majors and exotics and cryptocurrencies.

  • Forex
  • Commodities
  • Indexes
  • Cryptocurrencies
  • Major FX pairs up to 1:50
  • Exotics FX pairs up to 1:50
  • Commodities & Indices up to 1:50
  • Crypto up to 1:5
  • All assets are commission free

E8 Markets presents a scaling plan for Forex traders that focuses on incrementally increasing both the account balance and overall drawdown limit. The plan allows traders to commence with a maximum initial balance of up to $400,000. This initial balance has the potential to be scaled to over $1 million. The account balance increases in line with the profits earned and requested by the trader. With each request for earnings, the overall drawdown limit of the account is automatically increased by 1%, up to a maximum of 14%. The scaling plan offers a range of account sizes for traders to choose from, including $25,000, $50,000, $100,000, and $200,000 options. The selection of these account sizes is accompanied by a two-phase evaluation process. 

The scaling process under the E8 Funding plan involves several defined steps:

  • Request Earnings: Traders are required to request their earnings through the funding center once their account meets the eligibility criteria.
  • Receive Earnings: The pay-out process ensures traders receive 80% of their earnings in 8 days, with subsequent pay-outs scheduled bi-weekly.
  • Trading with Increased Balance: After receiving the pay-out, traders continue their trading activities with the new, increased account balance.

Gain in Drawdown Risk: With each performance earning, traders gain an additional 1% in drawdown risk, culminating in a maximum of 14% total drawdown allowance.

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