“E8 Funding: A Comprehensive Review of Services and Benefits”
“E8 Funding: Empowering Traders with Essential Information and Cutting-Edge Technology for Optimal Risk Management and Long-Term Consistency”
E8 Funding has meticulously designed a user-centric experience that incorporates vital information crucial for traders, complemented by cutting-edge technological solutions unparalleled in the industry. The paramount expectation for their traders is to embody disciplined conduct, giving utmost importance to risk management and a steadfast commitment to long-term consistency.
As a global entity, E8 Funding extends its funding provisions to traders worldwide, propelled by a dedicated commitment to identifying latent abilities within their community. Their relentless efforts are focused on establishing distinctive funding avenues, fostering an environment where individuals from diverse backgrounds can evolve into accomplished professional traders.
At E8 Funding, there is a strong emphasis on nurturing success in the trading careers of individuals. The key requirement sought from clients is a demonstration of discipline in risk management and an unwavering commitment to long-term consistency. Traders have the opportunity to generate significant profits by effectively managing account sizes of up to $1,000,000, enabling them to secure 80% of the profits earned. To achieve this, traders can participate in the trading of various financial instruments, including forex pairs, commodities, indices, equities, and cryptocurrencies.
Established on November 5th, 2021, E8 Funding is a forward-thinking private enterprise situated in a prime location in the United States. As a pioneering proprietary firm, E8 Funding extends funding opportunities globally, strategically positioning operational centers in Dallas and Texas, USA, and Prague, Czech Republic. Traders associated with E8 Funding gain access to substantial capital, with balances potentially reaching up to $1,000,000, all while benefiting from an 80% profit-sharing arrangement. The company has forged a valuable partnership with a top-tier liquidity provider, ensuring direct market access as its trusted brokerage solution.
E8 Funding’s headquarters is located at 100 Crescent Ct, Unit 700, Dallas, TX 75201, United States.
Dylan Elchami, the CEO and founder of E8 Funding, has set a noteworthy goal of establishing a clear and accessible path for individuals to become professional funded traders capable of remotely managing capital worldwide. Through dedicated efforts, he has successfully realized this goal and continues to enhance the offerings and conditions provided by E8 Funding, consistently attracting a growing number of traders to join his esteemed proprietary trading firm. In the industry, Mr. Elchami is dedicated to making trading more accessible for individuals by establishing strategic partnerships and offering cutting-edge software solutions. To ensure an exceptional experience for traders, he maintains an in-house team of skilled engineers who continuously work to provide the best possible support and resources. Those interested in staying updated on Dylan Elchami’s endeavors can easily do so by following his LinkedIn profile.
E8 Funding offers its traders three different programs to choose from:
The primary objective of E8 Funding’s standardized evaluation program is to identify committed and proficient traders who consistently excel throughout a comprehensive two-phase assessment. Within this account category, traders can leverage their trades at a ratio of 1:100 and select their preferred account funding currency, choosing from options such as USD, EUR, or GBP.
In Evaluation Phase One, traders must achieve an 8% profit target within a 30-day period while adhering to specified rules, including not exceeding a maximum daily loss of 5% or a maximum loss of 8%. The profit target must be attained within the given timeframe, commencing from the day a trader opens their first position in the evaluation account. No minimum number of trading days is required to progress to Phase Two.
During Evaluation Phase Two, traders are obligated to reach a 5% profit target within a 60-day period, following the same rules regarding maximum daily and overall losses. Similar to Phase One, the profit target must be met within the specified timeframe, starting from the day a trader initiates their first position in the evaluation account. There is no minimum trading day requirement to advance to a funded account.
Upon successful completion of both evaluation phases, traders gain access to a funded account where profit targets no longer apply. However, adherence to the maximum daily loss limit of 5% and the maximum loss limit of 8% is required. The initial payout from the funded account occurs 8 calendar days after the first position is taken, with subsequent withdrawals permitted every two weeks. Traders receive an 80% profit share based on profits generated from the funded account, noting that the maximum loss limit increases by 1% with each successful withdrawal, capping at 14%.
Additionally, the standard E8 evaluation program accounts feature a scaling plan. Traders can augment their account balance by requesting a profit split at the end of each trading period, receiving an 80% share of earned profits. The withdrawn amount is added back to the account balance, thereby enlarging the account size.
Moreover, the standard E8 evaluation program accounts encompass a scaling plan. Traders can enhance their account balance by requesting a profit split at the conclusion of each trading period, receiving an 80% share of their earned profits. The withdrawn amount is then reinvested in the account balance, resulting in an increased account size.
The normal E8 evaluation program account rules:
The E8 Funding Extended Evaluation Program account is structured to recognize and compensate proficient and dedicated traders based on their sustained performance over a two-phase evaluation period. Participants in the E8 evaluation program account can engage in trading activities with a leverage ratio of 1:100 and select their preferred funding currency from options including USD, EUR, and GBP.
In the initial evaluation phase, traders must attain an 8% profit target within 60 calendar days from the initiation of their first position in the evaluation account. Adherence to the 5% maximum daily loss and 10% maximum loss regulations is crucial during this phase, along with completing a minimum of five trading days to progress to Phase Two.
During the second evaluation phase, traders are required to achieve a 5% profit target within 120 calendar days from the start of their first position in the evaluation account. Similar to Phase One, compliance with the 5% maximum daily loss and 10% maximum loss rules is essential. Again, they must fulfill a minimum of five trading days to advance to a funded account.
Upon successful completion of both evaluation phases, traders receive a funded account where profit targets are no longer applicable. Instead, they must adhere to the 5% maximum daily loss and 10% maximum loss rules. The first payout from the funded account occurs 14 calendar days after the initial position is established, and subsequent withdrawals can be made bi-weekly. The profit split for the funded account is set at 80% of the trader’s generated profits, and it is noteworthy that the maximum loss rule increases by +1% with each successful withdrawal, reaching a maximum threshold of 14%.
Additionally, Extended E8 evaluation program accounts include a scaling plan. Traders can augment their account balance by requesting a profit split at the end of each trading period. By receiving an 80% profit split and reintegrating the withdrawn balance into the account, the account size expands.
As an example, if a trader starts with a $250k account and makes a 10% profit, their account balance becomes $275k. Requesting a profit split yields a payout of $20k (80% of the $25k profit made). The trader continues trading with the increased balance of $275k.
Trading instruments for Extended E8 evaluation program accounts encompass forex pairs, commodities, indices, equities, and cryptocurrencies.
Rules of the Extended E8 Evaluation Program Account:
Profit Target: A predetermined percentage of profit that traders must achieve to conclude an evaluation phase, initiate profit withdrawals, or expand their trading account. Phase 1 requires an 8% profit target, while Phase 2 sets a profit target of 5%. Funded accounts are exempt from profit target requirements.
Maximum Daily Loss: The utmost permissible amount of loss within a single day before an account is considered in violation. A uniform maximum daily loss threshold of 5% applies to all account sizes.
Maximum Loss: The highest admissible cumulative loss before an account is considered in violation. All account sizes adhere to a maximum loss limit of 10%, with potential adjustment up to 14% in certain cases.
Minimum Trading Days: The minimum duration of active trading required before completing an evaluation phase or requesting a withdrawal. Both evaluation phases mandate a minimum of 5 trading days, while funded accounts have no minimum trading day requirements.
Maximum Trading Days: The maximum duration within which traders must achieve a specific profit target or withdrawal objective. Phase 1 allows a maximum of 60 trading days, while Phase 2 permits a maximum of 120 trading days.
When utilizing third-party copy trading services or Expert Advisors (EAs), it is crucial to be aware of potential risks related to the maximum capital allocation rule, which may lead to denial of a funded account or withdrawal if exceeded.
The ELEV8 program account provides traders with a distinctive opportunity to demonstrate their trading proficiency by managing up to $1,000,000 in funds. This includes the advantage of accessing global markets with advanced technology and top-tier liquidity. Participants in the ELEV8 program account are recognized for their consistency throughout a two-phase evaluation process.
Within the ELEV8 program account, traders can leverage a ratio of 1:100, enhancing their trading potential. In the initial evaluation phase, traders must achieve an 8% profit within 30 days while adhering to a specified daily loss limit of 5% or a maximum loss limit of 8%. There is no minimum trading days requirement to progress to the second phase.
In the subsequent evaluation phase, traders are required to attain a 5% profit within a 60-day period, maintaining the 5% maximum daily loss limit and the 8% maximum loss rule. Similar to the first phase, there is no mandatory minimum trading days to advance to a funded account.
Upon successful completion of both evaluation phases, traders are awarded a funded ELEV8 account, eliminating profit targets. Instead, traders must adhere to the 5% maximum daily loss limit and the 8% maximum loss rule. The initial payout from the funded account is issued within 8 calendar days of the first trade, with subsequent withdrawals available bi-weekly. Traders receive an 80% profit share based on the profits generated from their funded account. It is noteworthy that the maximum loss rule increases by 1% with each successful withdrawal, reaching a maximum threshold of 14%.
Furthermore, ELEV8 program accounts feature a scaling plan accessible through the provided spreadsheet. Trading instruments available for ELEV8 program accounts encompass a diverse range, including forex pairs, commodities, indices, equities, and cryptocurrencies.
ELEV8 program account rules:
Profit Target: A predetermined percentage of profit that traders must achieve to successfully complete an evaluation phase, withdraw profits, or expand their trading account. Phase 1 requires an 8% profit target, while Phase 2 necessitates a 5% profit target. Funded accounts are exempt from profit targets.
Maximum Daily Loss: The maximum allowable loss within a single day before an account is considered in violation. All traders, regardless of account size, are subject to a uniform maximum daily loss limit of 5%.
Maximum Loss: The highest permissible overall loss before an account is deemed in violation. Across all account sizes, a maximum loss limit of 8% (scalable up to 14%) applies.
Maximum Trading Days: The maximum period within which traders must achieve a specific profit or withdrawal target. Phase 1 allows for a maximum trading period of 30 days, while Phase 2 extends it to 60 days.
Third-Party Copy Trading Risk: The potential consequences of using a third-party copy trading service, including the risk of being denied a funded account or withdrawal if it exceeds the maximum capital allocation rule.
Third-Party EA Risk: The potential risks associated with using a third-party Expert Advisor, acknowledging the risk of being denied a funded account or withdrawal if it exceeds the maximum capital allocation rule.
The E8 Track program account presents traders with an opportunity to exhibit their trading expertise and manage account balances of up to $250,000, all at a more economical rate compared to the E8 evaluation program accounts. Throughout the three-phase evaluation process, traders are incentivized to maintain consistent trading performance while utilizing the E8 Track program account, which notably provides a leverage ratio of 1:100.
In the initial phase of the E8 Track program, traders must attain an 8% profit target within 30 calendar days from the commencement of their evaluation account. Adherence to the 5% maximum daily loss and 8% maximum loss limits is imperative during this phase. Notably, there is no stipulated minimum trading days requirement to progress to the second phase.
Transitioning to the second phase of the E8 Track program, traders are mandated to achieve a 5% profit target within 60 calendar days from the initiation of their evaluation account. Similar to the first phase, traders are expected to adhere to the 5% maximum daily loss and 8% maximum loss thresholds. No minimum trading days are prescribed for advancement to the third phase.
In the third phase of the E8 Track program, traders must achieve a 5% profit target within 60 calendar days from the initiation of their evaluation account, while observing the 5% maximum daily loss and 8% maximum loss limits. There is no specified minimum trading days requirement to transition to a funded account.
Upon successful completion of all three evaluation phases, traders are conferred with a funded account, where profit targets are no longer applicable. Nevertheless, strict adherence to the 5% maximum daily loss and 8% maximum loss rules is crucial. The initial payout from the funded account is scheduled for 8 calendar days after the commencement of trades, followed by subsequent withdrawals on a bi-weekly basis. The profit split for the funded account is 80%, based on the profits generated. Importantly, the maximum loss rule increments by 1% with each successful withdrawal, up to a maximum of 14%.
The E8 Track program accounts also feature a scaling plan identical to the E8 evaluation program account scaling plan. Traders can augment their account balance by requesting a profit split at the conclusion of each trading period. Upon receiving an 80% profit split based on their earnings, the balance before withdrawal is reinstated, contributing to an enlargement of the account size.
For illustration, if a trader is operating a $250,000 account and achieves a 10% profit, the account balance becomes $275,000. Upon requesting a profit split, receiving $20,000 (80% of the $25,000 profit made), and continuing to trade with the adjusted balance of $275,000. Trading instruments for the E8 Track program accounts encompass forex pairs, commodities, indices, equities, and cryptocurrencies.
E8 Track program account rules:
The profit target signifies a specific percentage of profit that traders must achieve to successfully conclude an evaluation phase, execute profit withdrawals, or expand their trading account. Phase 1 requires an 8% profit target, while both Phase 2 and Phase 3 necessitate a profit target of 5%. Funded accounts are exempt from profit target requirements.
The maximum daily loss denotes the highest permissible level of daily loss that traders can incur before their trading account is considered in violation. This threshold, set at 5%, remains consistent across all account sizes.
The maximum loss represents the highest allowable cumulative loss before a trading account is deemed in violation. Irrespective of account size, all traders must adhere to a maximum loss limit of 8%, scalable up to 14%.
The maximum trading days represent the maximum duration within which traders must meet specific profit targets or withdrawal targets. Phase 1 has a maximum trading period of 30 days, while both Phase 2 and Phase 3 have a maximum trading period of 60 days.
Third-party copy-trading risk arises when utilizing copy-trading services provided by external entities. Traders should be aware that such services may already be utilized by other traders, potentially employing identical trading strategies. Engaging in third-party copy trading services carries the risk of denial of funded accounts or withdrawals if the maximum capital allocation rule is exceeded.
Third-party EA risk arises when using third-party Expert Advisors (EAs). Traders should consider that other traders may already be employing the same trading strategy through the identical third-party EA. Utilizing third-party EAs carries the risk of denial of funded accounts or withdrawals if the maximum capital allocation rule is surpassed.
E8 Funding distinguishes itself from other prominent proprietary firms through its three distinctive funding programs: E8 Evaluation, ELEV8, and E8 Track. Notably, E8 Funding stands out for its flexibility, enabling traders to participate in unrestricted trading activities, such as trading during news events, holding positions overnight, and even trading on weekends.
For E8 Evaluation and ELEV8 program accounts, E8 Funding follows a comprehensive two-phase evaluation process that traders must successfully navigate to qualify for payouts. In the initial phase, traders are expected to achieve an 8% profit target, followed by a reduced target of 5% in the subsequent phase. It is important to highlight that E8 Funding implements rigorous risk management measures, including a maximum daily loss threshold of 5% and an overall loss limitation of 8%. Importantly, there are no minimum trading day requirements in either phase before traders become funded. Notably, the E8 Evaluation program accounts also feature a scaling plan, differentiating them from their industry counterparts. Consequently, E8 Funding offers modest profit targets and eliminates the need for a minimum trading day obligation, setting it apart from other renowned proprietary firms.
E8 Funding’s extended evaluation program accounts involve a two-phase evaluation process, necessitating traders to successfully complete both phases to qualify for payouts. The first phase involves achieving an 8% profit target, while the second phase mandates a 5% profit target. Traders are expected to adhere to maximum daily loss and maximum loss regulations, set at 5% and 10%, respectively. Additionally, a minimum trading duration of 5 days per phase must be fulfilled before attaining funded status. E8’s evaluation program accounts are noteworthy for their scaling plan and stand out from other leading proprietary firms in the industry due to their comparatively modest profit targets and average drawdown restrictions.
The E8 Track program at E8 Funding involves a comprehensive three-phase evaluation process that traders must successfully complete to qualify for payouts. Each phase comes with specific profit targets, with the first phase requiring an 8% profit target and phases two and three mandating a 5% profit target. The program enforces strict rules regarding daily losses, capping them at 5%, and overall losses, limited to 8%. Remarkably, the E8 Track program differentiates itself from other prominent proprietary firms by offering traders an advantageous scaling plan and more accessible pricing. It also features relatively lower profit targets and does not impose minimum trading day requirements. This lenient approach enables traders to pursue funding with greater flexibility and efficiency compared to their industry counterparts.
In summary, E8 Funding sets itself apart from other leading proprietary firms by providing three distinct funding programs. Additionally, it offers traders a flexible trading framework with minimal restrictions, exemplified by the absence of minimum trading day requirements, enabling traders to secure funding promptly, sometimes even within a single day.
When assessing proprietary trading firms that align with your forex trading style, it’s essential to evaluate the feasibility of their trading requirements. While a company may seem attractive by offering a substantial profit split on a well-funded account, it’s crucial to scrutinize whether they impose high monthly percentage gains along with minimal maximum drawdown percentages. This combination significantly reduces the likelihood of achieving success.
Acquiring capital through the standard E8 evaluation and ELEV8 program accounts is generally achievable because of their relatively modest profit goals of 8% in phase one and 5% in phase two. Additionally, these accounts follow rules that are slightly below average for maximum daily losses, which are capped at 5%, and maximum overall losses at 8%.
Obtaining capital from the extended E8 evaluation program accounts also remains within reasonable limits due to the relatively low-profit targets of 8% in phase one and 5% in phase two. These accounts adhere to average rules for maximum daily losses, set at 5%, and maximum overall losses capped at 10%.
Receiving capital through E8 Track program accounts is a viable option since they feature relatively modest profit targets of 8% in phase one, 5% in phase two, and phase three. Additionally, these accounts maintain average rules for maximum daily losses, set at 5%, and maximum overall losses limited to 8%.
Considering all of these factors, E8 Funding stands out as an excellent choice for securing funding as it offers three distinct funding programs that establish realistic trading objectives and payout conditions.
Proof of payment: E8 Funding was established on November 5, 2021. After receiving funding, traders are eligible for bi-weekly payouts with no minimum profit targets.
E8 Funding employs a distinctive trading strategy, bypassing conventional brokerage firms to establish a direct connection with a Tier-1 Liquidity Provider. This methodology affords them the benefits of Direct Market Access, resulting in advantageous conditions such as commission-free trading, narrow spreads, and seamless execution facilitated through their E8 MT4 Server.
Regarding trading platforms, E8 Funding extends the option to participate in trading activities using both Meta Trader 4 and MetaTrader 5, providing traders with a versatile and widely acknowledged suite of trading tools.
Trading Options: E8 Funding offers the opportunity to trade a diverse range of financial instruments, encompassing forex pairs, commodities, indices, stocks, and cryptocurrencies, all with a leverage of 1:100.
Commission Examples:
Forex:
Consider opening 10 lots for EUR/USD, with the current ASK price at 1.1 for a buy order, a commission of 0.005%, and a lot size of 100,000. The calculation is 0.00005 * (10 * 1.1 * 100,000) = $55. If trading non-USD pairs, the result should be divided by the exchange rate of the currency.
For instance, if opting to trade GBP/JPY and determining the commission in USD, the calculation is as follows:
(10 (position size) * 100,000 (lot size) * 163.365 (price) * 0.00005 (0.005% commission)) / 134.975 (USDJPY rate).
Stocks:
For AAPL, the commission rate is 0.3%. To illustrate, considering the purchase of one lot equivalent to a single AAPL, the calculation involves multiplying the current ASK price of the instrument (approximately $139.68 for AAPL) by the commission rate.
Expressed mathematically: 0.003 * 139.68 * 1 * 1 = $0.41904.
It’s essential to note that E8 Funding determines trading instrument commissions as a percentage based on the prevailing price at the specific moment of the transaction. For comprehensive information on trading instrument specifications, refer to the E8X Public Symbols Dashboard provided by E8 Funding.
E8 Funding’s official website lacks educational resources or materials; however, an active discussion thread on Forex Factory facilitates user conversations about the company and its attributes. Notably, the Forex Factory thread “PROP FIRM HUB,” initiated by user MasterrMind, extensively delves into discussions about E8 Funding.
Distinguishing itself from other prop firms, E8 Funding offers a distinctive feature: a free trial preceding the Evaluation Process. This valuable opportunity allows individuals to adequately prepare, minimizing the risk of errors.
Furthermore, the firm provides clients with a meticulously designed dashboard for convenient access to effectively manage risk in alignment with predefined statistical goals.
For inquiries regarding missing information, the E8 Funding website includes a comprehensive FAQ page. Additionally, their dedicated support team can be contacted through various channels, including social media platforms or direct email communication at support@e8funding.com.
To ensure timely assistance, the live chat support team is available during operating hours: Monday to Friday, from 7 AM to 6 PM CST, and on weekends from 11 AM to 2 PM CST.
E8 Funding has garnered highly favorable reviews, as evidenced by Trustpilot’s representation of a vibrant community of engaged members who contribute positive feedback. This has translated into an impressive score of 4.7 out of 5, based on 846 reviews. Moreover, E8 Funding is distinguished for its effective and dependable customer support, ensuring timely access to essential information and swift resolution of user inquiries.
Furthermore, users have emphasized the presence of equitable and cost-effective challenges as a noteworthy advantage, coupled with an involved owner who actively participates in the community. The majority of the community applauds E8 Funding for its well-structured dashboard and the prompt responsiveness of their customer support team.
E8 Funding can also be found on social media.
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In summary, E8 Funding is a reputable proprietary trading company offering traders a choice among three distinctive funding programs: E8 Evaluation, ELEV8 Program, and E8 Track Programs.
Both the standard Evaluation and ELEV8 programs adhere to the industry-standard two-phase evaluation process. Successful completion of these phases is a prerequisite for securing funding and becoming eligible for profit sharing. Traders aiming to secure funding are required to achieve profit targets of 8% in the first phase and 5% in the second phase. These targets are realistic objectives, particularly when considering compliance with rules such as a maximum daily loss limit of 5% and a maximum loss limit of 8%. Moreover, participants in these programs have the opportunity to earn 80% profit splits and expand their trading accounts.
The extended evaluation programs also follow the industry-standard two-phase evaluation structure. Similar to the standard programs, traders must attain profit targets of 8% in the first phase and 5% in the second phase to secure funding. These objectives align with realistic trading expectations, given the 5% maximum daily loss limit and 10% maximum loss limit. Successfully completing the extended evaluation programs enables traders to earn 80% profit splits and expand their trading accounts.
Conversely, E8 Track programs distinguish themselves with a three-phase evaluation process. To obtain funding and qualify for profit sharing, traders must meet profit targets of 8% in the first phase, 5% in the second phase, and in the third phase. These targets align with realistic trading objectives, considering the 5% maximum daily loss limit and 8% maximum loss limit. Completion of the E8 Track programs allows traders to earn 80% profit splits and offers them the opportunity to expand their trading accounts.
Given the transparent and favorable trading rules and conditions provided by E8 Funding, I highly recommend this proprietary firm to individuals seeking a reliable trading platform. Despite being relatively new, they have established themselves as one of the leading proprietary firms in the industry, catering to a diverse range of traders with unique trading styles.
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