Table of Contents
In this review, we take a closer look at E8 Funding’s global trading opportunities, their generous capital offerings, and profit-sharing structure, alongside their simulated trading environment facilitated by a Tier-1 liquidity partnership.
- Free Trial Availability
- Trustpilot Rating: 4.7/5
- Cost-Effective E8 Track Program
- 80% Profit Sharing
- Quick Payouts: 8 Days After Starting
- Bi-Weekly Payout Structure
- 5% Maximum Daily Equity-Based Drawdown Limit
- Occasional Slippage Issues
At E8 Funding, traders are empowered to soar in their trading careers, grounded in the core values of discipline, effective risk management, and a steadfast focus on long-term, consistent performance. With the potential to manage account sizes of up to $250,000, traders are poised to reap substantial rewards, enjoying profit splits as high as 80%. This lucrative opportunity spans a diverse range of markets, allowing the trade of forex pairs, commodities, indices, equities, and cryptocurrencies to maximize earning potential.
What is E8 Funding?
E8 Funding is a proprietary trading firm established on November 5, 2021, pioneering as one of the premier U.S.-based prop firms to extend its funding reach globally. With their roots firmly planted in the United States, specifically in Dallas, Texas, and an international presence with an office in Prague, Czech Republic, they stand out in the financial trading industry.
They offer ambitious traders up to $300,000 in capital, ensuring an attractive 80% share of the profits, coupled with a scalable growth plan based on performance in their funded accounts. E8 Funding has secured a partnership with a Tier-1 liquidity provider, guaranteeing their traders access to the best simulated real-market conditions through a reputable broker.
E8 Funding has its headquarters strategically positioned at 100 Crescent Ct, Unit 700, Dallas, TX 75201, United States, anchoring its operations in a prime location that underscores its commitment to offering top-tier trading conditions and capital funding on a global scale.
E8 Funding CEO
Dylan Elchami is the visionary founder at the helm of E8 Funding, with a clear mission to revolutionize the pathway for individuals to become professional, funded traders from anywhere across the globe. His innovative approach has not only realized this vision but continues to enhance the firm’s offerings and conditions, successfully drawing in a growing community of traders to the E8 Funding platform.
Under Dylan’s leadership, the firm is dedicated to simplifying the trading process for individuals, offering strategic partnerships and advanced software solutions backed by a team of in-house engineers. This ensures that every trader enjoys an optimal trading experience. For those looking to connect with Dylan Elchami or to gain insights into his professional journey, he can be found and followed on LinkedIn.
E8 Funding Program Overview
E8 Funding caters to diverse trader profiles by offering two primary program structures:
- Standard E8 Evaluation Program
- Extended E8 Evaluation Program
- E8 Track Program
1) Standard E8 Evaluation Program
The Standard E8 Evaluation Program is designed for proficient traders, offering a chance to manage substantial funds upon successful completion of the two-phase evaluation. Traders can operate with 1:50 leverage and choose from multiple funding currencies (USD, EUR, GBP).
Program Pricing and Account Sizes:
- $25,000 Account: $228
- $50,000 Account: $338
- $100,000 Account: $588
- $250,000 Account: $988
Evaluation Phases:
- Phase One: Achieve an 8% profit target without exceeding a 5% daily or 8% total loss.
- Phase Two: Achieve a 5% profit target with the same loss limitations as Phase One.
Upon clearing both phases, traders earn a funded account with no profit targets, bound only by the loss limits. The profit split stands at 80%, with the first payout scheduled 8 days after initial trading on the funded account, and subsequent bi-weekly withdrawal opportunities.
Account Scaling: Profit splits are re-invested to increase account balance, thereby elevating trading potential.
Trading Instruments: Forex, commodities, indices, equities, and cryptocurrencies.
Risk Considerations: The use of third-party copy trading services or EAs may influence funding and withdrawal processes due to shared strategies among traders.
2) Extended E8 Evaluation Program
The Extended E8 Evaluation Program mirrors the standard program’s goals but extends the evaluation phase and modifies loss thresholds for a comprehensive assessment of trading prowess.
Program Pricing and Account Sizes:Â
Identical to the Standard Program.
Evaluation Phases:
- Phase One: An 8% profit target with a 5% daily and 10% total loss cap, over a minimum of five trading days.
- Phase Two: A 5% profit target with the same loss limitations as Phase One, including the trading day minimum.
Completion of the phases results in a funded account with identical payout terms to the standard program but with an initial 14-day waiting period for the first withdrawal.
Account Scaling and Trading Instruments: Consistent with the Standard Program.
Risk Considerations: Similar to the Standard Program, with additional emphasis on the risks of shared strategy usage through third-party tools.
3) E8 Track Program
The E8 Track Program offers a streamlined and cost-effective path to managing a $250,000 account through a three-phase evaluation, ideal for skilled traders who prefer a progressive challenge.
Program Pricing and Account Sizes:
- $25,000 Account: $138
- $50,000 Account: $208
- $100,000 Account: $358
- $250,000 Account: $598
Evaluation Phases:
- Phases One to Three: Each phase requires a 5% profit target, maintaining a 5% daily and 8% total loss limit, with no strict trading day requirements.
Successful traders receive a funded account with an 80% profit split, adhering to the standard payout schedule and scaling plan.
Trading Instruments: Similar to the Standard and Extended Programs.
Risk Considerations: Shared strategies via third-party services could impact account eligibility for funding and withdrawals.
E8 Funding Distinctions & Comparison with Other Prop Firms
E8 Funding stands out in the proprietary trading firm space for several reasons that cater to a variety of trading strategies and preferences:
- Two Funding Programs: By offering both the E8 Evaluation and E8 Track, they provide options for traders depending on their confidence and readiness. The E8 Track is unique as it allows traders to get funded without an evaluation, which is uncommon among prop firms.
- Trading Style Freedom: Many proprietary trading firms have restrictions on when traders can trade, such as prohibiting trading during major news events or requiring positions to be closed over the weekend. E8 Funding’s leniency in this aspect is a significant differentiator, allowing for a wider range of trading strategies, including high-volatility event trading and weekend gap trading.
- Evaluation Process: Their evaluation process, with relatively low profit targets and no maximum trading day requirement, provides a less stressful environment for traders to showcase their skills without the pressure of a time limit.
- Scaling Plan: The introduction of a scaling plan means successful traders can manage increased capital over time, which is an incentive for consistent performance and risk management.
- Loss Rules: E8 Funding’s maximum loss rules are designed to prevent reckless trading and encourage risk management. However, the set limits are comparatively lenient, allowing traders some breathing room during drawdowns.
- Profit Targets: The lower profit targets in the evaluation phase make it more attainable for traders to pass the evaluation and become funded traders.
- No Minimum Trading Days: This policy gives traders the flexibility to achieve the profit targets at their own pace, without the pressure of having to trade on days that might not fit their strategy or market conditions.
Comparing these features to other prop firms, E8 Funding seems to focus on flexibility and accessibility for a variety of trading styles, which can be quite appealing to traders who find other firms’ restrictions too stringent.
E8 Funding Vs Finotive Funding Comparison
| Rules | E8 Funding | Finotive Funding |
|---|---|---|
| Profit Target (Phase 1) | 8% | 7.5% |
| Profit Target (Phase 2) | 5% | 5% |
| Daily Loss Limit | 5% | 5% |
| Max Loss Allowed | 8% (Scaleable up to 14%) | 10% |
| Trading Days Limit | No Minimum Trading Days | No Minimum Trading Days |
| Maximum Time Allowed | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited |
| Profit Sharing | 80% | 75% up to 95% |
E8 Funding Vs Funded Trading Plus Comparison
| Rules | E8 Funding (Normal) | Funded Trading Plus |
|---|---|---|
| Profit Target (Phase 1) | 8% | 10% |
| Profit Target (Phase 2) | 5% | 5% |
| Daily Loss Limit | 5% | 5% |
| Max Loss Allowed | 8% (Scalable up to 14%) | 10% |
| Trading Days Limit | No Minimum Trading Days | No Minimum Trading Days |
| Maximum Time Allowed | Unlimited | Unlimited |
| Profit Sharing | 80% | 80% up to 90% |
E8 Funding Vs FundedNext Comparison
| Rules | E8 Funding Standard Program | FundedNext Options |
|---|---|---|
| Initial Profit Goal – Phase 1 | 8% | 10% |
| Second Phase Profit Goal | 5% | 5% |
| Daily Loss Limit | 5% | 5% |
| Overall Loss Threshold | 8% (Adjustable up to 14%) | 10% |
| Trading Day Requirements | Flexible Trading Days | Minimum 5 Trading Days |
| Trading Duration Flexibility | Phase 1: No Limit Phase 2: No Limit | Phase 1: Up to 30 Days Phase 2: Up to 60 Days |
| Share of Profits | 80% Partnership | 80%-90% Graduated Scale |
E8 Funding Vs My Forex Funds Comparison
| Rules | E8 Funding Extended Program | My Forex Funds Options |
|---|---|---|
| Profit Objective for Phase 1 | 8% | 8% |
| Profit Objective for Phase 2 | 5% | 5% |
| Permitted Daily Loss | 5% | 5% |
| Total Loss Limit | 10% (Adjustable to 14%) | 12% |
| Minimum Days of Trading | 5 Calendar Days | 5 Calendar Days |
| Length of Trading Period | No Limit in Phase 1 & 2 | No Limit in Phase 1 & 2 |
| Earnings Distribution | 80% Revenue Share | 75%-90% Variable Share |
E8 Funding Vs True Forex Funds Comparison
| Rules | E8 Funding Extended Option | True Forex Funds Standard Plan |
|---|---|---|
| Profit Target – Initial Phase | 8% | 8% |
| Profit Target – Subsequent Phase | 5% | 5% |
| Limit on Daily Losses | 5% | 5% |
| Cap on Overall Losses | 10% (Can increase to 14%) | 10% |
| Required Trading Days Minimum | 5 Calendar Days | 5 Calendar Days |
| Trading Time Frame | No Limits for Phases | Phase 1: Max 30 Days Phase 2: Max 60 Days |
| Revenue Split Ratio | 80% Trader’s Share | 80% Trader’s Share |
E8 Funding Vs Blue Guardian Comparison
| Rules | E8 Funding Extended Plan | Blue Guardian Elite Program |
|---|---|---|
| Initial Profit Goal – Phase 1 | 8% | 8% |
| Continuation Profit Goal – Phase 2 | 5% | 4% |
| Daily Loss Threshold | 5% | 4% |
| Overall Loss Ceiling | 10% (Flexible to 14%) | 10% |
| Minimum Required Trading Days | 5 Calendar Days | 5 Calendar Days |
| Permissible Trading Period | No Limit for Phases | No Limit for Phases |
| Profit Sharing Ratio | 80% Trader’s Share | 85% Trader’s Share |
In summary, E8 Funding sets itself apart from other leading proprietary trading firms by providing two unique funding programs and allowing traders a high degree of freedom, highlighted by their unrestricted trading period. This enables traders to progress through the evaluation at their own pace to achieve funded status.
Is Acquiring Capital from E8 Funding a Practical Option?
When exploring prop firms to align with your forex trading approach, it’s vital to assess the feasibility of their trading requirements. High profit splits on well-funded accounts may appear attractive, but if they demand substantial monthly gains with minimal drawdowns allowed, the likelihood of success dwindles significantly.
Gaining capital through E8 Funding’s standard evaluation program is quite attainable, primarily due to its modest profit targets (8% in phase one, 5% in phase two) paired with reasonable maximum loss limits (5% daily, 8% overall). An added advantage is the flexibility in trading days – there are no minimum or maximum day constraints, offering you the freedom to get funded swiftly or at a pace that suits you.
In the extended E8 evaluation program, realistic capital acquisition is also feasible, characterized by similar low profit targets (8% in phase one, 5% in phase two) and standard maximum loss criteria (5% daily, 10% overall). The unlimited trading period here is particularly beneficial, allowing ample time to successfully navigate through both evaluation phases.
The E8 Track program further supports realistic funding prospects, with its manageable profit goals (8% in phases one and two, 5% in phase three) and average loss thresholds (5% daily, 8% overall). The absence of minimum trading days per phase, coupled with an unrestricted period to achieve your profit targets across all three phases, enhances its appeal.
Considering these aspects, E8 Funding stands out as an exceptional choice for traders seeking funding. With two distinct funding programs offering practical trading objectives and favorable conditions for payouts, it caters well to diverse trading strategies and goals.
Verification of Payments: E8 Funding
Since its establishment on November 5, 2021, E8 Funding has accumulated a substantial record of payment proofs, showcasing their commitment to rewarding profitable traders under their various funding programs.
It’s important to note that upon achieving funded status in any of E8 Funding’s evaluation programs, traders qualify for their initial payout after 8 calendar days, with the exception of the extended evaluation program, which stipulates a 14-day period. Following the first payout, traders are eligible for bi-weekly payouts in all programs, allowing for withdrawal requests every 14 days if profitable. These payouts are notably generous, offering an 80% profit split across all funding programs.
For evidence of these payments, numerous testimonials and payment confirmations are available on platforms like Trustpilot, where many of E8 Funding’s successful traders have shared their positive experiences. Additionally, E8 Funding’s Telegram channel is a rich source of payment proofs, predominantly featuring payout certificates from their successful traders.
Below are some exemplified instances of such payment proofs:
E8 Funding Partner Brokers
E8 Funding operates distinctively, opting not to partner with widely recognized broker brands. Instead, they collaborate with a premier tier-1 liquidity provider, ensuring traders benefit from the most authentic simulated market conditions. This approach offers traders the advantage of narrow spreads and seamless execution through the dedicated E8 Server.
When it comes to trading platforms, E8 Funding accommodates both MetaTrader 4 and MetaTrader 5, catering to a broad range of trading preferences and strategies.
Trading Instruments
With E8 Funding, traders have the capability to engage in transactions involving forex pairs, commodities, indices, equities, and cryptocurrencies, all with a leverage option of up to 1:100, which varies based on the specific trading instrument selected.
| FOREX | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| AUDUSD | EURUSD | GBPUSD | NZDUSD | USDCAD | USDCHF | USDHKD | USDJPY | AUDCAD | AUDCHF | AUDJPY |
| COMMODITIES | ||||||||||
| WTI | XAGUSD | XAUUSD | ||||||||
| INDICES | ||||||||||
| EU50 | GER30 | US100 | US30 | US500 | ||||||
| VIX | ||||||||||
| EQUITIES | ||||||||||
| AAPL | FB | NFLX | TSLA | |||||||
| CRYPTO | ||||||||||
| ADAUSD | BTCUSD | DASHUSD | ETHUSD | LTCUSD | XRPUSD | |||||
Fees & Commissions Charged by E8 Funding
| Asset Categories | Commission Structure |
|---|---|
| Forex Markets | Commission: 0.005% | Calculation: percentage * (lot count * market price * lot size) |
| Commodity Trading | Commission: 0.005% | Calculation: percentage * (lot count * market price * lot size) |
| Index Instruments | No Commission per Lot |
| Stocks and Shares | Commission: 0.3% | Calculation: percentage * (lot count * market price * lot size) |
| Cryptocurrency Pairs | Commission: 0.2% | Calculation: percentage * (lot count * market price * lot size) |
Commission Calculations:
For Forex trading:
Imagine you’re executing a trade with 10 lots on the EUR/USD pair. The current ASK price is 1.1, your commission rate stands at 0.005%, and each lot represents 100,000 units.
Here’s the formula: 0.00005 * (10 * 1.1 * 100,000) equates to a commission of $55.
When trading pairs that don’t include USD as the counter currency, adjust the commission by dividing it by the relevant USD exchange rate.
For instance, to calculate the commission for a GBP/JPY trade in USD, the formula is as follows:
(10 (lot count) * 100,000 (lot size) * 163.365 (GBP/JPY price) * 0.00005 (commission rate)) / 134.975 (USD/JPY rate)
For Equities like AAPL:
With a commission rate of 0.3%, purchasing a single lot (equivalent to one share of AAPL) involves multiplying the current ASK price, say $139.68, by the commission rate.
The calculation: 0.003 * 139.68 * 1 * 1 results in a commission of $0.41904.
It’s essential to remember that E8 Funding calculates all trading commissions as a percentage of the price at the transaction moment. You can view the specific details for all trading instruments on the E8X Public Symbols Dashboard.
Trader Education & Support:
E8 Funding’s platform doesn’t feature educational resources directly on its site.
However, there is a dedicated discussion about E8 Funding on Forex Factory. This forum allows traders to freely exchange insights and experiences related to the company’s offerings and client services.
Additionally, a notable thread on Forex Factory, titled “PROP FIRM HUB” by user MasterrMind, includes multiple references to E8 Funding. This thread features contributions from both funded traders at E8 Funding and individuals familiar with the firm’s operations.
For those interested in exploring the discussions on Forex Factory, the “PROP FIRM HUB” thread can be accessed through the provided link.
E8 Funding has garnered an impressive reputation based on trader reviews.
With a high rating of 4.7 out of 5 on Trustpilot, spanning over 1,406 reviews, E8 Funding enjoys commendations from a broad segment of its community. The firm is acknowledged not only for its responsive and adept support team but also for its ability to provide timely and essential assistance whenever needed.
A client highlighted the competitive and reasonable pricing of E8 Funding’s evaluation programs. Furthermore, the CEO, known as Dylan, has received individual recognition for his enthusiastic and engaged approach with the trading community.
The trading community has also widely lauded E8 Funding for its intuitively designed dashboard and the efficiency of the customer support team, emphasizing their dedication to swiftly addressing any inquiries or issues traders may face.
E8 Funding’s Presence on Social Media:
E8 Funding has established a substantial following across various social media platforms. They have amassed:
- Approximately 29.5k followers on Instagram,
- Over 1.1k followers on their Facebook page
- About 25.1k followers on Twitter
- A YouTube channel with nearly 1.91k subscribers, although they haven’t posted any videos yet, and
- A Telegram channel that boasts 4,969 members.
Support Options:
For those looking for additional information, E8 Funding provides a comprehensive FAQ page. The support team is also accessible via their social media channels, or you can reach out directly through their email at support@e8funding.com.
For real-time assistance, E8 Funding offers live chat support on their website, operational from Monday to Friday, between 7 AM and 6 PM CST, and on Weekends from 11 AM to 2 PM CST.
Final Thoughts
E8 Funding emerges as a credible proprietary trading firm with two main programs designed to fund skillful traders: the E8 Evaluation and the E8 Track program accounts.
The E8 Evaluation is a two-phase challenge that aligns with industry standards, requiring traders to meet 8% and 5% profit targets in the first and second phases, respectively. The program’s parameters—5% maximum daily loss and 8% maximum overall loss—are set to encourage realistic goal setting, with no constraints on trading days and an 80% profit share on offer.
The Extended Evaluation mirrors the standard format but with a slight variation in loss rules, allowing a 10% maximum loss, and maintains the 80% profit split, providing traders with an unlimited timeframe to complete the challenges.
The E8 Track stands out with its three-phase structure, each phase demanding an 8% and 5% profit target, respectively, with the same loss limitations as the standard evaluation but across three phases instead of two. It also offers an 80% profit share without trading day limitations, presenting a progressive scaling opportunity.
In essence, E8 Funding is suitable for a wide array of traders seeking clear-cut trading guidelines and the chance to grow with a leading proprietary firm. With its realistic objectives, scaling opportunities, and a supportive environment, E8 Funding is confidently recommended as a top-tier choice among proprietary trading firms.
