Company Information

• Company Name: E8 Markets
• Company Legal Name: E8 Funding LLC
• Operating Since: 2021
• CEO Name: Dylan Elchami

Challenge Details

E8 Markets offers 3 different types of challenge accounts, 1-Step Challenge, 2-Step Challenge and 3-Step Challenge.

1-Step Challenge has 2 types of programs, E8 One and E8 Pro.

2-Step Challenge has only one program, E8 Classic.

3-Step Challenge has 2 Types of program, E8 Track and E8 Track 1:1.

1-Step Challenge(E8 One) Details :-

Pricing:

Rules:

• Profit Target: 10%
• Total Loss: 6%
• Daily Loss: 4%
• Profit Share: 40% and up to 100%
• Drawdown Type: Trailing Drawdown
• Time Limit: Unlimited
• Leverage: Forex 1:30, Indices: 1:15, Metals: 1:15, Crypto: 1:1
• Max Lot Size: 50 Lots, and for XAUUSD, it is 20 Lots
• Payout Frequency: Anytime
• Allows Copy Trading: Yes
• Min Trading Days: 1 Day

1-Step Challenge(E8 Pro) Details :-

Pricing:

Rules:

• Profit Target: 8%
• Total Loss: 8%
• Daily Loss: 2%
• Profit Share: 40% and up to 100%
• Drawdown Type: Static
• Time Limit: Unlimited
• Leverage: Forex 1:50, Indices: 1:25, Metals: 1:25, Crypto: 1:2
• Max Lot Size: 50 Lots, and for XAUUSD, it is 20 Lots
• Payout Frequency: 7 Days
• Allows Copy Trading: Yes
• Min Trading Days: 4 Days for evaluation phase, 1 Day for Funded Phase

2-Step Challenge(E8 Classic) Details :-

Pricing:

Rules:

• Profit Target (Phase 1): 6%
• Profit Target (Phase 2): 3%
• Total Loss: 6%
• Daily Loss: 3%
• Profit Share: 40% and up to 100%
• Drawdown Type: Static Drawdown
• Time Limit: Unlimited
• Leverage: Forex 1:50, Indices: 1:25, Metals: 1:25, Crypto 1:2
• Max Lot Size: 50 Lots, and for XAUUSD, it is 20 Lots
• Payout Frequency: 14 Days
• Allows Copy Trading: Yes
• Min Trading Days: 4 Days

3-Step Challenge(E8 Track) Details :-

Pricing:

Rules:

• Profit Target (Phase 1): 6%
• Profit Target (Phase 2): 3%
• Profit Target (Phase 3): 3%
• Total Loss: 6%
• Daily Loss: 3%
• Profit Share: 40% and up to 100%
• Drawdown Type: Static Drawdown
• Time Limit: Unlimited
• Leverage: Forex 1:50, Indices: 1:25, Metals: 1:25, Crypto 1:2
• Max Lot Size: 50 Lots, and for XAUUSD, it is 20 Lots
• Payout Frequency: 14 Days
• Allows Copy Trading: Yes
• Min Trading Days: 1 Day

3-Step Challenge(E8 Track 1:1) Details :-

Pricing:

Rules:

• Profit Target (Phase 1): 3%
• Profit Target (Phase 2): 3%
• Profit Target (Phase 3): 3%
• Total Loss: 3%
• Daily Loss: 3%
• Profit Share: 40% and up to 100%
• Drawdown Type: Static Drawdown
• Time Limit: Unlimited
• Leverage: Forex 1:50, Indices: 1:25, Metals: 1:25, Crypto 1:2
• Max Lot Size: 50 Lots, and for XAUUSD, it is 20 Lots
• Payout Frequency: 14 Days
• Allows Copy Trading: Yes
• Min Trading Days: 1 Day

Scaling Plan

E8 Markets offers a very different scaling plan to their traders. Traders should know that the scaling plan is only available for E8 Classic, E8 Track, E8 Track 1:1, E8 pro accounts and custom accounts. 

Eligibility:-

After a successful payout, the trader’s new account balance is adjusted based on the payout snapshot. The profit share can increase up to 100%, and the drawdown levels are adjusted accordingly based on the new balance. The maximum scaled up balance is capped at $1,000,000. 

Note:- There is no scaling for E8 One accounts.

Spreads and News Trading Rules

Spreads:

E8 Markets offers raw spreads across various assets. To view spreads on a specific instrument, Traders can Click here.

News Trading Rules:

E8 Markets only allows trading during any news event in the challenge phases. In the funded account, traders are prohibited from trading 5 minutes before and after high-impact news releases. 

Other Important Rules

Daily Drawdown Calculation

For E8 Pro, E8 Track and E8 Track 1:1 :- Daily drawdown is calculated based on Balance-Based drawdown, which means as the account grows, daily drawdown limit will grow based on the account balance and stays at that drawdown limit until the account grows higher. Even if the account claims a loss, the drawdown limit will not change.

For E8 One and E8 Classic :- Daily drawdown is calculated based on the equity or balance whichever is higher at the end of the day at 00:00 UTC+3. As the nature of this daily drawdown is equity based drawdown, therefore the drawdown limit will keep recalculating each day as the account progresses. Traders must understand that the drawdown limit will keep increasing or decreasing based on the account performance.

Countries Banned from Purchasing:

E8 Markets accepts clients from all over the world, except these countries in restricteded list given below

Restricted country list:

• Afghanistan
• Albania
• Burma (Myanmar) 
• Burundi
• Central African Republic
• Cuba
• Iran
• Iraq
• Kosovo
• Lebanon
• Libya
• Mali
• Midway Islands
• North Korea
• Republic of the Congo
• Samoa
• Somalia
• Sudan
• Syria
• Vatican City State
• West Bank
• Western Sahara
• Yemen
• Zambia

Prohibited Trading Strategies:

E8 Markets prohibits few trading strategies and these strategies are:

• All-or-nothing Trading
• Hedging across multiple accounts
• Abuse of feed
• Freezing
• High frequency trading, manually or EA
• straddling
• Copying trades from someone else's account

Payout Methods

E8 Markets offers payouts through multiple methods, including:

• Bank wire
• Cryptocurrencies (Bitcoin, Ethereum, etc.)
• Other methods upon request

Trading Commissions

E8 Markets charges a competitive commission structure on trades. Commission rates vary based on the asset and account type. Traders can view the specific commission rates on the trading platform.

IP Rule

Although, There is no mention of any IP Address rule or VPN/VPS Rule, We recommend traders to trade from the same device from which they have purchased the account. Traders are also advised that they should contact the support for this query before purchasing the account.