E8 Funding Review for 2024

E8 Funding provides innovative funding solutions for Forex and CFD traders worldwide. E8 Funding strives to provide unique funding opportunities that make it easy to be a professional funded trader and manage the capital remotely from around the globe.

E8 Funding created a user-friendly interface that provides all the information traders need and uses the industry's most advanced technology. As a result, their traders have access to liquidity at tier-1, aiming to become the best proprietary trading company in the world. In addition, E8 hopes to offer its traders the best funding experience with innovative ideas.

Impossible to review the E8 trader funding program without sounding like an infomercial. It just might be the best in the industry across the trader funding industry for all products and types. You can also become a senior trader at a prop firm by moving up the ladder in a scalable funded account that rewards success.

You can be trading a funded account as quickly as three days, and the fee is refundable.  That is correct; you can be trading a funded account with a $20,000 drawdown in as quick as three days and get your fee refunded. E8 funding also offers a scalable account to scale a funded account up to $1,000,000. 

You can trade currencies, world indexes, metals, crypto, and even stock prices all under one account. Perhaps it should also be mentioned that you can trade VIX, Turkish Lira, and other instruments in the world spotlight for extreme moves.

Program Report & Updates for 1H 2022

First months of 2022 have been very volatile and put many funded trader programs in some difficulty. It was important to monitor how companies performed. E8 did great introducing new features and continuing fast account processing and timely payouts.

Fast Account Scaling Introduced

Out of nowhere E8 surprised all traders with all new Account scaling for regular funded accounts. Traders start out with 8% overall drawdown.



With each withdrawal (8 days first withdrawal, every 2 weeks after) traders are rewarded with 1 additional % in drawdown until account drawdown reaches 14%. That means $250,000k account with first 6 withdrawals gets extra $2,500 in drawdown each

New E8 Features

Automated Payout System

E8 was already leader in this space. Traders could pass evaluation in a single day and start live trading in about a day thanks to extremely hard working support and trader processing team. First withdrawal industry leading 8 Days after first trader. Now they have added simple system where traders are able to request payouts from trader dashboard.

How did E8 do during high volatility period?

Spreads for some products experiencing increased volatility have been increased crude and gold CFDs were widened. Traders still had access to all the instruments.

Account creation continued to run smoothly and payouts were promptly paid. Great to see!

E8 New Discount Code

Discount Code: REB8

Save 8% off all trader evaluations fees. Remember that you also get the program fee refunded with first withdrawal, making E8 Excellent value in trader funding

How to take advantage of the special:

Go to: E8 Trader Funding

Select evaluation of your choice and enter REB8 in prompt just above check out button.

E8 Two-Step Funding Overview

With E8, you can be up and running in minutes and funded as fast as three days. Nothing like it in the universe of funded programs that we review.

Select from two account types:

• E8 - 2 phase trader evaluation. Two phases at selected virtual account size. Upon completing a two-step, evaluation the trader is assigned a funded account with the same parameters. Parameters and rules remain the same as long as the trader stays active with the funding firm.
• ELEV8 - 2 phase trade evaluation. Once completing all funding requirements trader receives a scalable funded account. New levels of leverage and extra funding are unlocked if you reach a profit goal during one month.

Account sizes for E8: 25k, 50k, 100k and 250k

ELEV8 Scalable funded account comes in a 100k virtual balance that can be scaled once the funded level is achieved.

Refundable Fees:

These are regular full prices, here we will have special deals and e8 coupons to make the value of evaluations even greater.

Creating E8 Trader Evaluation Account:

Select account size and click enroll. Then, enter the coupon code in the shopping cart if you have one and check out. In minutes, you will access the trader dashboard and logins to the trading platform.

You will immediately have access to a comprehensive dashboard for analytics and trader account performance. In addition, your access to the trading platform will also be immediately activated to view live data for all the products.

Phase 1 of E8Funding:

Trade at least one day and as many as 30 days to achieve the profit goal.

Profit target - 8% of starting virtual balance. 50k account has a $4,000 profit target

Drawdown - there are two drawdown figures:

• Daily drawdown of 5% (open + closed) loss
• Total drawdown or 8% of initial balance drawdown. 

Profit Goal: 8% or $4000 for $50,000 account. If you reach it on the first trade, straight to Phase 2, You advance if you advance.

Phase 2 of E8 Trader Funding:

This step is designed to make sure traders can trade and manage risk. Unlike many other programs, there are no extra hoops to jump through as you get close to funding. As a result, the second step is easier to pass.

Duration: Minimum 1 Day. Maximum 60 days. You qualify for a funded trader account in as few as two trading days.

Profit target - 5% closed profit in the trading account.

Drawdown rules are the same as in the first phase: 5% daily drawdown, 8% total drawdown.

Traders who reach the profit target of step 2 will be advanced to an E8 funded account.

E8 Funded Account

Shortly after reaching profit goals, Trader and Proprietary firm sign Trader Agreement Contract.

The trader is entitled to keep 80% of the profit they generate in the live funded account.

The trader will be eligible for the first payout after eight trading days. So can go from starting an account to paying in just ten days; meanwhile, in competing programs, you are likely still jumping through hoops just to have a chance at funding.

Fee Refund - after your request firth withdrawal, your fee will be refunded. Who else offers you a chance to get funding for free?

Drawdown rules carry over into the funded account, 5% daily maximum loss and 8% total maximum loss.

Free Trial

Traders can register to use all the great e8 tools in a free trial evaluation. Check out all the program’s features, dashboard, and practice plan execution. Very useful for traders who are not experienced with MT4 and are coming from across instrument space. Futures, stock, or crypto traders coming from different platforms to FTMO should quickly adapt to the most popular forex platform.

E8 Online Prop Trading Deep Dive

E8 Trader Dashboard:

Almost immediately after signing up for trader evaluation with the e8 online prop trading company, the trader will receive access to the Dashboard. The dashboard is an extremely convenient way to have a near real-time evaluation. Fortunately, there are few rules to track with his trader funding project. From a profit goal or max loss standpoint, you can view live balance in the trading software MT4. 

E8 Dashboard also features a full log of your trades in near-real-time, giving traders overall statistics and how each instrument is performing. Very useful spot performance patterns trade wasn’t potentially aware of.

The dashboard also offers P&L curves and some other tracking features. Traders are free to focus on just profit goal and drawdown rule thanks to trading in a limited rule environment. However, it is nice to have live analysis of accounts available for a deeper review. Most other programs either offer EOD performance data or do not offer it at all.

E8 Product selection

E8 Offers products from all financial instruments.
Do you like to trade currencies?

No problem, there are all major and many exotic crosses available.

Do you like to trade stocks?

While not all stocks are available, many of the biggest and most popular names have been made available for trading.

How about some Indexes?

You can trade all major USA index products and even some European markets in their liquidity pool.

Commodities? 

Well, of course - Gold, crude and more

Volatility?

Have you seen a trader program that allows you to trade the VIX? Probably not, but at E8, you can do the whole program just on VIX trades.

CRYPTO TRADING

E8 evaluation and funded traders have access to an ever-growing selection of coins available to trade; Although at the same time, you will not be able to trade revolutionary Dogecoin iterations, you will have access to big coin names to trade seven days a week.

Understanding and Evaluating  E8 products

E8 Funding provides Tier-1 Liquidity and NO commissions. Therefore, although spreads on some products might appear higher than they would with other programs, you have to consider that there are no commissions, and the spread is tighter for some products.
From the screenshot above, they were taking during high volatility days. During high volatility periods, spreads might expand. 

From the above screenshot, you can see that TSLA CFD traded with a 0.55 spread. Bitcoin CFD traded with just under $12 spread. Volatility index 20c wide big ask spread. WTI 6c spread. Crude oil had a 6c spread. Major FX spreads are frequently under a pip. 

All in one solution for trader funding. 

Instrument break down

No need for guesswork when exploring all the available markets. Right-clicking on an available product and selecting specifications will create a window pictured above.

Traders are free to execute and hold positions seven days of the week. However, products do not trade 24 hrs a day, so it is important to become familiar with the Sessions setting. In addition, being stuck in a position during a closed market could cause some losses if on the wrong side of the re-opening price gap.

 

Contract size - products will have different contract size specifications. For instance, above BTCUSD or bitcoin has a size of 1. While a single XRP product contract size is 100, meaning 100 XRP coins for each contract trader. Do not assume here, and make sure you put on the position size you want.

Million-dollar trading account and career opportunities with E8

ELEV8 Trader evaluation account allows traders to get a chance at managing 7 figure account and to become senior trader partners with E8 prop trading partners. For example, if the trader gains 16% in one month funded account will be scaled by $100,000. There is no punishment for not achieving that target; the funded trader will simply remain at current parameters. ELEV8 trading account can be scaled nine times until the $1,000,000 level is reached. Upon reaching that level, the risk assessment team will evaluate trading to determine if ELEV8 traders can be moved to senior account manager positions with benefits. Benefits include a trading desk at one of the E8 trading partners worldwide. Trade can also manage the seven-figure account on its terms.

Summary of E8 Trader funding

Funding program that features easy setup, various products, and even global finance career opportunities. The program fee is also refundable at the first withdrawal—a great opportunity for new and experienced traders. 

• See more of The Best Funded Trader Programs for 2023

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Read more about the risks associated with funded trading.