Overview
E8 Markets, established in 2021 and headquartered in Dallas, Texas, offers traders the opportunity to manage funded accounts by passing evaluation challenges. The firm provides various account types and aims to support traders in achieving financial independence through trading.
Evaluation Model
E8 Markets offers multiple evaluation models:
- E8 One: A single-phase evaluation with customizable parameters.
- E8 Classic: A two-phase evaluation with standard profit targets and drawdown limits.
- E8 Track: A three-phase evaluation designed for traders seeking a more gradual progression.
- E8 Pro: A one-phase evaluation with advanced features for experienced traders.
Each model has specific profit targets, drawdown limits, and trading rules, allowing traders to choose the one that best fits their trading style and experience level.
Profit Split
E8 Markets offers competitive profit splits:
- Standard Split: 80% to the trader.
- E8 Pro Account: Up to 100% profit split, depending on performance and account type.
Traders can request their first payout after 8 days, with subsequent payouts available every 14 days.
Payments & Withdrawals
- Payout Frequency: First payout after 8 days; subsequent payouts every 14 days.
- Processing Time: Typically within 2–5 business days.
- Payment Methods: Bank transfers and various cryptocurrencies.
- Fees: E8 Markets does not charge withdrawal fees; however, payment processors may apply charges.
Drawdown Rules
- Daily Drawdown: Typically 5%, depending on the account type.
- Maximum Drawdown: Ranges from 6% to 14%, depending on the evaluation model.
Trading Platforms
E8 Markets supports multiple trading platforms:
- MetaTrader 5 (MT5)
- Match-Trader
- cTrader
These platforms offer flexibility and advanced trading tools to accommodate various trading strategies.
Scaling Plan
E8 Markets provides a scaling plan that allows traders to increase their account balance and drawdown limits based on consistent performance. This plan incentivizes disciplined trading and long-term growth.
Payout Process
- Initial Payout: Eligible after 8 days from the first trade.
- Subsequent Payouts: Available every 14 days.
- Processing Time: Typically within 2–5 business days.
- Payment Methods: Bank transfers and various cryptocurrencies.
Available Trading Instruments
E8 Markets offers a diverse range of trading instruments:
- Forex pairs
- Commodities (Gold, Silver, Oil)
- Indices (S&P 500, NASDAQ, Dow Jones, etc.)
- Cryptocurrencies (Bitcoin, Ethereum, etc.)
Traders can utilize various strategies, including the use of Expert Advisors (EAs), provided they adhere to E8 Markets’ trading rules.
Account Sizes
E8 Markets provides various account sizes to cater to different trader needs:
- E8 One: $5,000 to $400,000.
- E8 Classic: $5,000 to $100,000.
- E8 Track: $10,000 to $400,000.
- E8 Pro: $25,000 to $200,000.
Profit Target
- E8 One: Profit targets range from 10% to 23.2%, depending on the chosen parameters.
- E8 Classic:
- Phase 1: 8% profit target.
- Phase 2: 5% profit target.
- E8 Track:
- Phase 1: 8% profit target.
- Phase 2: 5% profit target.
- Phase 3: 5% profit target.
E8 Pro: 8% profit target.
Maximum Funded Capital
- E8 One: Up to $400,000.
- E8 Classic: Up to $400,000.
- E8 Track: Up to $400,000.
- E8 Pro: Up to $200,000.
Traders can scale their accounts based on performance and adherence to trading rules.
Rating Table
Feature
Rating (Out of 10)
Evaluation Model
9.0
Profit Split
9.5
Payments & Withdrawals
9.0
Regulation & Security
7.0
Maximum Funded Capital
9.0
Drawdown Rules
8.5
Trading Platforms
9.0
Scaling Plan
8.5
Payout Process
9.0
Trading Instruments
9.0
Account Sizes
9.0
Profit Target
8.5
Overall Score
8.8
Final Verdict
E8 Markets stands out as a flexible and trader-friendly proprietary trading firm, offering various evaluation models, competitive profit splits, and a wide range of trading instruments. While it operates in a simulated trading environment and is not a regulated financial institution, its transparent processes and supportive infrastructure make it an attractive option for traders seeking to develop their skills and manage funded accounts.