Review
E8 Funding

"E8 Funding: A Comprehensive Review of Services and Benefits"

"E8 Funding: Empowering Traders with Essential Information and Cutting-Edge Technology for Optimal Risk Management and Long-Term Consistency"

E8 Funding has meticulously designed a user-centric experience, integrating vital information for traders with cutting-edge technological solutions that stand unrivaled in the industry. The paramount expectation for their traders is the embodiment of disciplined conduct, placing utmost emphasis on risk management and unwavering commitment to long-term consistency.

As a global entity, E8 Funding extends funding opportunities to traders worldwide, fueled by a fervent dedication to identifying latent abilities within their community. Their tireless efforts are directed towards establishing distinctive funding avenues, fostering an environment where individuals from diverse backgrounds can evolve into accomplished professional traders.

At E8 Funding, the emphasis is strongly placed on nurturing success in the trading careers of individuals. The key requirement sought from clients is a demonstration of discipline in risk management and an unwavering commitment to long-term consistency. Traders can potentially achieve substantial profits by effectively managing account sizes of up to $1,000,000, securing 80% of the profits earned. To accomplish this, traders can actively engage in the trading of various financial instruments such as forex pairs, commodities, indices, equities, and cryptocurrencies.

Who are E8 Funding

Established on November 5th, 2021, E8 Funding is a pioneering proprietary firm strategically located in prime areas within the United States. As one of the initial prop firms, E8 Funding extends its funding opportunities globally, with operational bases strategically positioned in Dallas and Texas, USA, as well as in Prague, Czech Republic. Traders associated with E8 Funding can access substantial capital, with balances reaching up to $1,000,000, while benefiting from an 80% profit split arrangement. The firm has formed a valuable partnership with a tier-1 liquidity provider, ensuring direct market access as their trusted brokerage solution.

Headquarters: 100 Crescent Ct, Unit 700, Dallas, TX 75201, United States.

CEO: Dylan Elchami, the founder of E8 Funding, has set a significant objective of establishing a distinct and accessible pathway for individuals to become professional funded traders, capable of remotely managing capital from any location worldwide. Through dedicated efforts, he has successfully achieved this objective and continues to enhance the offerings and conditions provided by E8 Funding, consistently attracting a growing number of traders to join his esteemed proprietary trading firm.

In the industry, Mr. Elchami prioritizes facilitating trading for individuals by forging strategic partnerships and delivering cutting-edge software solutions. To ensure an optimal experience for traders, he maintains an in-house team of skilled engineers who continually strive to provide the best possible support and resources.

Stay informed about Dylan Elchami’s endeavors by following his LinkedIn profile.

Funding Options

E8 Funding offers its traders three different programs to choose from:

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

Evaluation program account

The primary goal of the E8 Funding standard evaluation program account is to identify dedicated and skilled traders exhibiting consistent performance during a comprehensive two-phase evaluation period. In this account type, traders have the opportunity to trade with a leverage of 1:100 and select their preferred account funding currency from options such as USD, EUR, and GBP.

Phase One of the evaluation requires traders to achieve an 8% profit target within a 30-calendar-day period, adhering to the rules of not exceeding a maximum daily loss of 5% or a maximum loss of 8%. The profit target must be attained within the specified time frame, starting from the day the trader initiates their first position on the evaluation account, with no minimum trading days requirement to progress to Phase Two.

Phase Two mandates traders to attain a 5% profit target within a 60-calendar-day period while complying with the rules of not surpassing a maximum daily loss of 5% or a maximum loss of 8%. Similar to Phase One, the profit target must be achieved within the designated time frame, commencing from the day the trader places their initial position on the evaluation account, with no minimum trading days required to proceed to a funded account.

Upon successfully completing both evaluation phases, traders receive a funded account where profit targets are not applicable. However, they must adhere to the maximum daily loss limit of 5% and the maximum loss limit of 8%. The initial payout from the funded account occurs 8 calendar days after the first position is taken, with subsequent withdrawals submitted bi-weekly. Traders receive an 80% profit split based on the profits generated from the funded account. It is essential to note that the maximum loss rule increases by an increment of 1% with each successful withdrawal, reaching a maximum of 14%.

Additionally, the standard E8 evaluation program accounts feature a scaling plan. Traders can augment their account balance by requesting a profit split at the conclusion of each trading period, receiving an 80% profit split based on their earned profits. The withdrawn amount is added back to the account balance, thereby augmenting the account size.

Trading instruments for normal E8 evaluation program accounts include forex pairs, commodities, indices, equities, and cryptocurrencies.

Rules for the normal E8 evaluation program account:

  1. Profit Target: A predetermined percentage of profit that traders must attain to successfully conclude an evaluation phase, withdraw profits, or expand their trading account. Phase 1 entails an 8% profit target, while Phase 2 requires achieving a profit target of 5%. Funded accounts are exempt from profit targets.

  2. Maximum Daily Loss: The highest permissible level of loss within a single day before an account is considered in violation. All traders, regardless of account size, are subject to a uniform maximum daily loss limit of 5%.

  3. Maximum Loss: The uppermost acceptable cumulative loss before an account is deemed in violation. The maximum loss threshold is set at 8% for all account sizes, scalable up to 14%.

  4. Maximum Trading Days: The maximum duration within which traders must achieve a specific profit target or withdrawal objective. Phase 1 encompasses a maximum trading period of 30 days, while Phase 2 allows for a maximum trading period of 60 days.

  5. Third-party Copy Trading Risk: Pertains to the utilization of copy trading services, with potential risks related to other traders using the same strategy. Engaging in third-party copy trading may result in denial of a funded account or withdrawal if the maximum capital allocation rule is exceeded.

  6. Third-party EA Risk: Pertains to the utilization of third-party EAs (Expert Advisors) and associated risks with other traders using the same strategy. Engaging in third-party EA usage may result in denial of a funded account or withdrawal if the maximum capital allocation rule is exceeded.

Extended E8 evaluation program accounts

The E8 Funding extended evaluation program account is designed to identify dedicated and skilled traders, offering incentives based on consistent performance throughout the two-phase evaluation period. Within the E8 evaluation program account, traders can engage in trading activities with a leverage ratio of 1:100 and select their preferred account funding currency from options such as USD, EUR, and GBP.

Evaluation Phase One requires traders to achieve an 8% profit target within 60 calendar days from initiating their first position on the evaluation account. Adherence to the 5% maximum daily loss and 10% maximum loss regulations is crucial during this phase. A minimum of five trading days must be completed to advance to Phase Two.

In Evaluation Phase Two, traders must attain a 5% profit target within 120 calendar days from the start of their first position on the evaluation account. Similar to Phase One, adherence to the 5% maximum daily loss and 10% maximum loss rules is essential. A minimum of five trading days must be fulfilled to progress to a funded account.

Upon successful completion of both evaluation phases, traders are granted a funded account without profit targets. Instead, compliance with the 5% maximum daily loss and 10% maximum loss rules is required. The first payout from the funded account is scheduled 14 calendar days after the initial position is established, with subsequent withdrawals submitted bi-weekly. The profit split for the funded account is 80%, based on the trader’s generated profits. It is important to note that the maximum loss rule increases by +1% with each successful withdrawal, reaching a maximum threshold of 14%.

Additionally, Extended E8 evaluation program accounts incorporate a scaling plan, allowing traders to augment their account balance by requesting a profit split at the conclusion of each trading period. After receiving an 80% profit split and incorporating the withdrawn balance back into the account, the account size is expanded.

Trading instruments for the extended E8 evaluation program accounts include forex pairs, commodities, indices, equities, and cryptocurrencies.

Extended E8 evaluation program account rules:

  • Profit targets of 8% for Phase 1 and 5% for Phase 2, with funded accounts exempt.
  • A uniform 5% maximum daily loss threshold.
  • A maximum cumulative loss of 10%, adjustable to 14% in certain cases.
  • Minimum trading days of 5 for evaluation phases, with no minimum for funded accounts.
  • Maximum trading days of 60 for Phase 1 and 120 for Phase 2.
  • Caution on third-party copy trading and Expert Advisors, with potential risks of denial for funded accounts or withdrawals if the maximum capital allocation rule is exceeded.

ELEV8 program accounts

The ELEV8 program offers traders a distinctive opportunity to showcase their trading acumen by managing up to $1,000,000 in balance, accessing global markets with cutting-edge technology and premier liquidity. Traders in the ELEV8 program are recognized for their consistency throughout the two-phase evaluation period.

This program enables traders to trade with a 1:100 leverage ratio, amplifying their trading potential. During the initial phase, traders must achieve an 8% profit target within 30 days while adhering to a maximum daily loss limit of 5% and a maximum loss limit of 8%. Progression to phase two is not contingent on a minimum number of trading days.

In phase two, traders aim for a 5% profit within 60 days, maintaining the 5% maximum daily loss limit and the 8% maximum loss rule. Similar to phase one, no minimum trading days are mandated for advancement to a funded account.

Upon successful completion of both phases, traders receive a funded ELEV8 account with no profit targets. Instead, they must adhere to the 5% maximum daily loss limit and the 8% maximum loss rule. The initial payout occurs within 8 calendar days of the first position, followed by bi-weekly withdrawals. Traders receive an 80% profit split based on their funded account profits. It’s crucial to note that the maximum loss rule increases by 1% with each successful withdrawal, reaching a maximum of 14%.

The ELEV8 program incorporates a scaling plan accessible through a provided spreadsheet. Trading instruments encompass a diverse range, including forex pairs, commodities, indices, equities, and cryptocurrencies.

ELEV8 Program Account Rules:

  1. Profit Target: Represents a predetermined percentage (8% in Phase 1, 5% in Phase 2) traders must achieve for evaluation phase completion, profit withdrawal, or account expansion. Funded accounts are exempt.

  2. Maximum Daily Loss: The allowable daily loss before an account violation, universally set at 5%, regardless of account size.

  3. Maximum Loss: The highest permissible overall loss, set at 8% (scalable up to 14%) across all account sizes.

  4. Maximum Trading Days: The maximum period for achieving a profit or withdrawal target, 30 days in Phase 1 and 60 days in Phase 2.

  5. Third-Party Copy Trading Risk: Caution about potential risks when using third-party copy trading services, as it may lead to denial of a funded account or withdrawal.

  6. Third-Party EA Risk: Awareness of risks associated with using third-party Expert Advisors, with potential denial of funded accounts or withdrawals if exceeding the maximum capital allocation rule.

E8 Track program accounts

The E8 Track program offers traders an opportunity to showcase their expertise, managing account balances up to $250,000 at a more cost-effective rate compared to the E8 evaluation program. Over the three-phase evaluation period, traders are incentivized for maintaining consistent trading performance in the E8 Track program account, which allows trading with a leverage ratio of 1:100.

In the initial phase, traders must achieve an 8% profit target within 30 calendar days, adhering to 5% maximum daily loss and 8% maximum loss thresholds. There is no specific minimum trading days requirement to advance to phase two.

Phase two requires traders to reach a 5% profit target within 60 calendar days, with the same loss thresholds and no minimum trading days mandated. Phase three mirrors phase two in terms of targets and requirements.

Successfully completing all three phases grants traders a funded account, exempt from profit targets but subject to 5% maximum daily loss and 8% maximum loss rules. Payouts commence 8 calendar days after initial trades, followed by bi-weekly withdrawals. The profit split for the funded account is 80%, based on generated profits, with the maximum loss rule increasing by 1% per successful withdrawal, up to a maximum of 14%.

E8 Track program accounts follow a scaling plan identical to the E8 evaluation program, allowing traders to increase their account balance by requesting a profit split. The trading instruments include forex pairs, commodities, indices, equities, and cryptocurrencies.

E8 Track program account rules stipulate an 8% profit target for Phase 1 and a 5% target for both Phase 2 and Phase 3. All accounts, regardless of size, adhere to a 5% maximum daily loss threshold and an 8% maximum loss limit, scalable up to 14%.

Maximum trading periods are 30 days for Phase 1 and 60 days for both Phase 2 and Phase 3. Traders should be cautious of third-party copy-trading and third-party EA risks, as utilizing such services may lead to denial of funded accounts or withdrawals if the maximum capital allocation rule is exceeded.

What makes E8 different

E8 Funding distinguishes itself through three distinct funding programs: E8 Evaluation, ELEV8, and E8 Track. Notably, our firm imposes minimal constraints on traders’ preferred styles, permitting unrestricted activities, including trading during news events, holding positions overnight, and even over weekends.

For E8 Evaluation and ELEV8 program accounts, a comprehensive two-phase evaluation process is employed. Traders must successfully navigate both phases to qualify for payouts. Phase one requires a profit target of 8%, followed by a reduced 5% target in phase two. Stringent risk management measures include a maximum daily loss threshold of 5% and an overall limit of 8%. Importantly, there are no minimum trading day requirements before a trader becomes funded. E8 Evaluation program accounts also feature a unique scaling plan, differentiating them from industry counterparts.

The extended evaluation program accounts entail a two-phase process, requiring traders to achieve 8% and 5% profit targets in phases one and two, respectively. Compliance with maximum daily and overall loss regulations, set at 5% and 10%, is essential. A minimum trading duration of 5 days per phase is mandated for funded status. E8’s evaluation program distinguishes itself with a scaling plan, offering comparatively modest profit targets and average drawdown restrictions.

The E8 Track program involves a three-phase evaluation process, with phase one requiring an 8% profit target and phases two and three mandating a 5% target. Stringent rules on daily and overall losses, limited to 5% and 8%, respectively, are maintained. E8 Track stands out with an advantageous scaling plan, more accessible pricing, lower profit targets, and the absence of minimum trading day requirements. This lenient approach provides traders with greater flexibility and efficiency compared to industry counterparts.

In summary, E8 Funding differentiates itself through three funding programs, offering an accommodating trading framework with minimal restrictions. This includes the absence of minimum trading day requirements, allowing traders to secure funding promptly, even within a single day.

Is getting capital realistic

When assessing proprietary trading firms aligned with your forex trading style, it is vital to scrutinize the feasibility of their trading requirements. While an offer of a substantial profit split on a well-funded account may seem attractive, it is crucial to examine whether they impose high monthly percentage gains paired with minimal maximum drawdown percentages, as this combination significantly diminishes the likelihood of achieving success.

Securing capital through the standard E8 evaluation and ELEV8 program accounts is generally achievable due to their relatively modest profit targets of 8% in phase one and 5% in phase two. Additionally, these accounts adhere to slightly below-average rules concerning maximum daily losses, capped at 5%, and maximum overall losses at 8%.

Obtaining capital from the extended E8 evaluation program accounts remains within realistic bounds, primarily due to the relatively low-profit targets of 8% in phase one and 5% in phase two. These accounts adhere to average rules regarding maximum daily losses, set at 5%, and maximum overall losses, capped at 10%.

Receiving capital from E8 Track program accounts is a realistic option since they feature relatively low-profit targets of 8% in phase one, 5% in phase two, and phase three. Moreover, these accounts maintain average rules for maximum daily losses, set at 5%, and maximum overall losses, limited to 8%.

Considering all these factors, E8 Funding emerges as an exceptional choice for securing funding, providing three distinct funding programs that establish realistic trading objectives and payout conditions.

Proof of payment: E8 Funding was established on November 5, 2021. Upon successful funding, traders become eligible for bi-weekly payouts with no minimum profit targets.

Which brokers does E8 use

E8 Funding employs a distinctive trading strategy, bypassing conventional broker brands to directly access a Tier-1 Liquidity Provider. This approach facilitates Direct Market Access, leading to favorable conditions such as commission-free trading, narrow spreads, and precise execution through the E8 MT4 Server.

Regarding trading platforms, E8 Funding offers the flexibility to trade on both MetaTrader 4 and MetaTrader 5, providing traders with a versatile and widely recognized suite of trading tools.

Trading Instruments: E8 Funding enables trading in forex pairs, commodities, indices, equities, and cryptocurrencies with a leverage of 1:100.

Trading Fees: Commission Examples:

Forex:

For instance, opening 10 lots for EUR/USD with a current ASK price of 1.1, a commission of 0.005%, and a lot size of 100,000, the calculation is 0.00005 * (10 * 1.1 * 100,000) = $55. If dealing with non-USD pairs, the result should be divided by the exchange rate.

Stocks:

For AAPL, the commission rate is 0.3%. Assuming a purchase of one lot corresponding to a single AAPL at the current ASK price of approximately $139.68, the calculation is 0.003 * 139.68 * 1 * 1 = $0.41904.

It’s essential to note that E8 Funding determines trading instrument commissions as a percentage based on the prevailing price at the specific transaction moment. For comprehensive information on trading instrument specifications, refer to the E8X Public Symbols Dashboard provided by E8 Funding.

Education and Support

E8 Funding refrains from offering educational resources or materials on its official website. Instead, users can actively participate in discussions on Forex Factory, particularly in the thread dedicated to E8 Funding, as well as in the “PROP FIRM HUB” initiated by MasterrMind, which extensively references the firm.

Notably, E8 Funding distinguishes itself by providing a unique feature among prop firms—a complimentary trial preceding the Evaluation Process. This invaluable opportunity enables individuals to adequately prepare and minimize the likelihood of errors. Moreover, clients benefit from a carefully crafted dashboard, facilitating convenient access to effectively manage risk in alignment with predefined statistical objectives.

For inquiries about missing information, the E8 Funding website hosts a FAQ page for potential answers. Alternatively, their dedicated support team is reachable through various channels, including social media platforms and direct email communication at support@e8funding.com. To ensure prompt assistance, the live chat support team operates from 7 AM to 6 PM CST on weekdays and from 11 AM to 2 PM CST on weekends.

Clients review

E8 Funding has garnered commendable reviews, reflecting its stellar reputation. Trustpilot, featuring an engaged community, showcases a remarkable score of 4.7 out of 5 based on 846 reviews, highlighting the positive experiences shared by users. The platform is distinguished by its swift and reliable customer support, ensuring users have access to essential information and resolving any inquiries promptly.

Noteworthy is the acknowledgment of fair and affordable challenges, coupled with an affable owner actively engaging with the community. The majority of users applaud E8 Funding for its well-structured dashboard and the efficiency of its responsive customer support team.

Social media stats

E8 Funding can also be found on social media.

They have a:

  • Instagram account with 18,5k followers,
  • Facebook page with 1,3k followers,
  • Twitter account with 786 followers,
  • Youtube channel with 422 subscribers and no uploaded videos yet, 
  • Telegram account with 2,962 subscribers.

Conclusion

E8 Funding stands as a distinguished proprietary trading firm, presenting traders with the choice of three distinct funding programs: E8 Evaluation, ELEV8 Program, and E8 Track Programs.

The conventional evaluation and ELEV8 programs adhere to the established two-phase evaluation process, necessitating successful completion for funding acquisition and eligibility for profit splits. Attaining funding requires meeting profit targets of 8% in phase one and 5% in phase two, aligning with realistic expectations and accompanied by a 5% maximum daily loss limit and an 8% maximum loss limit. Participants in these programs can earn 80% profit splits and scale their accounts.

Extended evaluation programs mirror the industry-standard two-phase structure, with traders aiming for profit targets of 8% in phase one and 5% in phase two to secure funding. These objectives are congruent with practical trading expectations, supported by a 5% maximum daily loss limit and 10% maximum loss limit. Successful completion of extended evaluation programs allows traders to earn 80% profit splits and scale their accounts.

In contrast, E8 Track programs present distinctive three-phase evaluation challenges. Traders must meet profit targets of 8% in phase one, 5% in phase two, and phase three to secure funding and profit splits. These targets align with realistic trading objectives, supported by a 5% maximum daily loss limit and an 8% maximum loss limit. Completion of E8 Track programs entitles traders to 80% profit splits and the opportunity to scale their accounts.

Given the transparent trading rules and favorable conditions offered by E8 Funding, I wholeheartedly endorse this proprietary firm to individuals seeking a reliable trading platform. Despite its relative newness, E8 Funding has positioned itself as a leading entity in the industry, catering to a diverse range of traders with unique trading styles.