E8 Funding Review: A Game Changer in the Prop Trading Space?

E8 Funding home page: E8 Funding

Summary of E8 Funding

I’ve always preferred trading firms and brokers that support skill-focused account types.

E8 Funding is one of them. It’s a prop firm (not a broker) that also deals in other asset types, courtesy of its extensive CFD coverage.

Not only does the platform support a diverse array of tradable assets, but it also employs a thorough evaluation process to help traders pick the right account.

List of restricted countries

Pros and cons

E8 Funding pros and cons: E8 Funding

Evaluating High Impact Factors

User satisfaction: 8 / 10

Regulation: 2 / 10

Educational Content: 6 / 10

Webinars: 1 / 10

Spreads and commissions: 8 / 10

Customer support: 8 / 10

E8 Funding user interface: E8 Funding

Trade with E8 Funding If:

• You’re looking for a prop trading firm that shares a generous amount of profit with the traders (up to 80%) and offers a sizable chunk of capital to trade
• You want to trade on weekends
• You want to trade whenever you want (E8 Funding has no minimum trading day restriction)

E8 Funding brand credibility: E8 Funding

Don’t Trade with E8 Funding If:

• You want to know everything about a platform before onboarding (E8 Funding doesn’t disclose its liquidity partners)
• You insist on using a platform regulated by top-tier financial institutions

Verified Office Address

After a detailed background check conducted by the TB team, we could verify that E8 Funding is headquartered at in Dallas:

• 100 Crescent Ct, Unit 700, Dallas, TX 75201, USA

The company also has an office in Prague in the Czech Republic, further validating the firm’s credibility.

Expert Opinion on E8 Funding

Here are a few user and expert testimonials of E8 Funding:

User testimonials: E8 Funding

Rio, Trader

“I’ve tried several different prop firms, and I’ve gotta say E8 Market is the best one. One of the few prop firms out there that allows you to customize the account (drawdown %, payout %).”

Trustpilot rating

Rick, aka Blockchainfork, YouTube User

“E8 commission on trades is double the cost of FTMO. FTMO is $3 roundtrip per lot, and E8 is $6 per lot. The spreads are worse as well. This needs to be discussed in your videos. Not just discussing what’s on their website and not regurgitating everything you said in previous videos for the sake of making another video.”

YouTube testimonial

Expert Review of E8 Funding

You might approach E8 Funding as a forex broker, but that doesn’t do it justice. It’s really more of a skill-based trading ecosystem.

I was very impressed by the approach it follows, which differs from what a regular broker does. All I had to do was select the account I was most comfortable with and I was good to go. I paid the signup fee, passed the evaluation test, and got my signup fee reimbursed.

Following the same process can get you up to $250,000 worth of funds to trade with after a successful evaluation.

Here are some other advantages to using this platform.

A Decent Selection of Trading Instruments

E8 Funding deals in a wide range of trading instruments, including all the major forex pairs, crypto-USD pairs, commodities, and stocks.

Here is a detailed list to consider before onboarding the platform:

List of assets 1: E8 Funding

List of assets 2: E8 Funding

Different Account Types

I opted for the E8 Account, since it had the lowest upfront fee (and that too is reimbursable), but users can sign up for the Track Account instead (there is also the One Account, which will soon be available). The Track Account has a more rigorous evaluation process but can unlock greater trading potential in return.

Account types and features

E8 Funding even allows you to access a demo account, which allows you to try out a simulated E8 Account with $100,000 in artificial funds.

The “Account settings” section also gives you a good deal of customization, including time zone modifications and password-specific security implementations.

And you can switch between the light mode and the dark mode, depending on your personal preferences.

Signing Up with E8 Funding

The onboarding process can be somewhat daunting for beginners. Here’s what’s involved.

E8 Funding signup flow

First, you need to click on “E8X Dashboard” on the official homepage. That will redirect you to the signup page, where you can register using social logins or email and password.

After that, you’ll need to confirm your email. Once you do, you’ll be taken to the dashboard.

You’re still not done, though. From the dashboard, you’ll be asked to verify your ID credentials as part of the Know Your Customer (KYC) validation process.

When those have verified, you’ll finally be able to select an account type, based on your choice of scaling, skill level, and other preferences.

Post-signup experience

Dashboard Experience

E8 Funding provides users with a packed trading dashboard.

What works best about the dashboard is how well-stacked it is in terms of tabs, website elements, and the like.

Plus, the dashboard allows you to set up a trial account in case you want to test the platform out before proceeding.

Minimal yet loaded dashboard

The E8 Funding dashboard comes with integrated apps and tools, including an economic calendar, news Feed, and Match Trader interface.

Once you allow the web-based Match Trader access, you’ll be able to log in using your E8 Markets credentials.

Deposits and Withdrawals

Each account type has a set minimum deposit, which has to be paid when when creating the account.

You can fund your account using:

• Credit and debit cards
• International wire transfers
• Electronic wallets
• Bank transfers

The lowest minimum deposit available is $138.

Customizing account types

The same methods can be used to withdraw funds. But there are a few other things to know about withdrawals as well:

• Withdrawals can be executed from the 8th day from your first trade
• A 14 day waiting period is required between withdrawals
• There are no withdrawal minimums or limits
• There are no processing charges for withdrawals

Trading Conditions

Fees, spreads, and commissions are a major concern for traders. Here’s a rundown of the trading conditions on E8 Funding:

• No commissions or spreads – all you have to pay is an initial account fee ranging from $228 to $888 (which is reimbursed after you complete the evaluation, except for ELEV8 accounts)
• E8 Funding takes 20% of the profit made by traders (can go as low as 10% for specific targets)

Payouts and conditions

• There is a daily drawdown limit of 5% (meaning a 5% decline from the peak fund value is allowed)
• E8 Funding occasionally runs promotions that can significantly lower the upfront costs
• E8 and ELEV8 accounts require traders to complete Phase 1 and Phase 2 challenges, with 8% and 5% profit targets (Track Accounts also have a third phase and are more suitable for experienced traders)

How to Start Trading with E8 Funding

Once you’ve selected your account type, you’ll need to pass a test in a simulated trading environment, using the Match Trader interface.

If you demonstrate the skills to achieve the profit targets while staying under the drawdown limit, you’ll get access to E8 Funding’s complete set of offerings.

(Note that as of February 2024, E8 Funding removed MetaTrader 4 and MetaTrader 5 integrations, moving entirely to Match Trader.)

February update: X

E8 Trader App

E8 Funding has an E8 Trader app, which integrates Match Trader functionality in the E8X ecosystem. Other features include:

• Real-time quotes
• Interactive charts
• Technical tools for seamless analysis
• Push notifications
• Support for all types of trading orders
• Detailed view of your trading history

E8 Web Traders

The web trader offers a different trading experience than the app, with dedicated features like:

• A higher number of trading indicators
• Simplified trading interface
• Automated trading support
• Access to market depth and other indicators

Match Trader interface: E8 Funding

Useful Tools for Traders

E8 Funding’s primary tools are those hosted on the Match Trader terminal, like analytical indicators.

You also get an economic calendar to help you indulge in news-based trading.

Demo trading options

Investing Opportunities

E8 Funding doesn’t offer run-of-the-mill investing opportunities like PAMM accounts or social trading. But then, it doesn’t have to because it offers something better.

Mobile app or web trader to use the investing options at E8 Funding

Imagine getting a fully funded account where you simply need to avoid drawdowns and make profits.

That’s all it takes to earn. You can keep making a profit without to put in an investment. If you’re skilled enough, E8 Funding can turn into a steady source of income.

Affiliate Program

At first blush, E8 Funding might not appear to have an affiliate program. But that’s only because they refer to their affiliates as Talent Hunters.

Blackout promo

These Talent Hunters look for great traders, refer them to the platform, and earn a portion of the profits they make (including their initial deposit).

Affiliates earn up to 20% from each referral, with payouts going out every month.

Security Standards

E8 Funding employs a host of standards to safeguard user funds, including:

• Two-factor authentication
• Detailed verification process
• Regular audits
• Advanced data encryption

Users also have the ability to connect directly with the trading firm’s legal department.

However, connecting with E8 Funding’s liquidity providers or funding services isn’t possible.

Setting up an account password

State of Customer Support

As a proprietary trading ecosystem, E8 Funding needs great customer support, which includes:

• Access to livechat even without registration
• 8/7 customer support
• Ability to submit tickets for more descriptive queries

Livechat interface

The E8 Funding team is very strict about working hours. The trade-off is that you get to talk to actual human agents, not chatbots.

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