E8 Funding, legally known as E8 Funding LLC, is a prominent proprietary trading firm founded in 2021 by CEO Dylan Elchami. With registrations in Dallas, TX, and Prague, Czech Republic, E8 Funding is dedicated to providing opportunities for Forex traders globally through its innovative evaluation programs and accessible trading platforms.
E8 Funding's evaluation program is designed to identify and reward skilled traders. The program features a two-phase evaluation process where traders can demonstrate their abilities. Phase 1 requires traders to achieve an 8% profit target within 30 days, without exceeding a 5% daily loss or an 8% maximum loss. Phase 2, which extends over 60 days, lowers the profit target to 5% while maintaining the same loss rules. Successful completion of both phases grants traders a funded account, free from profit targets but still adhering to the loss limitations.
Traders can choose from various account sizes, ranging from $25,000 to $250,000, with the potential to scale up to $1 million or more. The firm offers 1:100 leverage and supports trading in Forex pairs, commodities, indices, cryptocurrencies, and stocks. Additionally, traders can select their account funding in USD, EUR, or GBP.
One of E8 Funding’s standout features is its scaling program. Traders can increase their account balance and overall drawdown by 1% with each successful earnings request, up to a maximum of 14%. This allows traders to grow their accounts progressively based on performance. The profit split on funded accounts is 80%, providing a lucrative opportunity for traders to benefit from their success.
E8 Funding prides itself on transparency and trader-focused solutions. The firm’s user-friendly E8X Dashboard offers a comprehensive analytics tool that updates frequently, allowing traders to track their progress in real-time. The platform supports MT4 and MT5, the industry's most trusted trading platforms, and ensures fast setup and seamless trading experience.
Traders are free to employ various trading styles, including algorithmic trading, discretionary trading, and the use of Expert Advisors (EAs). However, E8 Funding prohibits the use of high-frequency EAs and restricts multiple traders from using identical strategies to ensure diversified risk management.
E8 Funding also offers a free trial account for prospective traders to experience their trading environment without any financial commitment. This trial provides access to a simulated $100,000 account, the E8X Dashboard, and all trading features, enabling traders to test the conditions they will encounter during evaluations.
Moreover, E8 Funding encourages traders to hold positions overnight and over weekends, provided they understand and manage the associated risks. The firm supports trading in a wide range of instruments, including Forex, commodities, indices, and cryptocurrencies.
