E8 Funding Review (10% discount code: FOREXPROPREVIEWS)
5.0

E8 Funding Review (10% discount code: FOREXPROPREVIEWS)

E8 Funding has developed a user-friendly experience with essential information every trader needs, as well as the industry’s best technology to back it. They hope to provide their traders with the best funding experience with their innovative ideas.
Home » E8 Funding Review (10% discount code: FOREXPROPREVIEWS)

E8 Funding offers to fund traders worldwide while having a passion for identifying hidden talents in their community. They strived to create unique funding opportunities so anyone could become a professional trader.

Pros
  • Free Trial
  • Excellent Trustpilot rating of 4.9/5
  • Unlimited evaluation free retries
  • Maximum balance of up to $1,000,000
  • Profit share 80%
  • Bi-weekly payouts
  • Overnight and weekend holding allowed
  • News trading allowed
  • Scaling account option
  • Leverage 100:1
  • A large variety of trading instruments (forex pairs, commodities, indices, equities, cryptocurrencies)
  • 1 Minimum trading day on evaluation phases
  • Professional trading dashboard
Cons
  • 5% Maximum daily floating loss

Traders at E8 Funding are encouraged to succeed in their careers. The main priority that they expect from their clients is that they are disciplined individuals who properly manage risk and focus on long-term consistency. They allow them to earn high profits by managing account sizes up to $1,000,000 and taking home profit splits of 80%. They can achieve this by trading forex pairs, commodities, indices, equities, and cryptocurrencies.

Who are E8 Funding?

E8 Funding is a proprietary firm incorporated on the 5th of November, 2021. They pride themselves on being one of the first prop firms based in the heart of the USA offering worldwide funding. They have offices located in Dallas and Texas in the USA with another in Prague in the Czech Republic while offering traders capital up to $1,000,000 in balance with 80% profit splits. They are partnered with a tier-1 liquidity provider who gives direct market access as their broker.

Their headquarters are located at 100 Crescent Ct, Unit 700, Dallas, TX 75201, United States.

Video Review

Funding program options

E8 Funding offers its traders two different programs to choose from:

  • E8 evaluation program accounts
  • ELEV8 program accounts

E8 evaluation program accounts

E8 Funding evaluation program account aims to identify serious and talented traders who are rewarded for their consistency in the two-phase evaluation period. The E8 evaluation program account allows you to trade with 1:100 leverage while also being able to choose your account funding between USD, EUR, and GBP.

Evaluation phase one requires a trader to reach a profit target of 8% while not surpassing their 5% maximum daily loss or 8% maximum loss rules. You are required to hit your profit target in 30 calendar days from the day you place your first position on your evaluation account. You have no minimum trading days requirement in order to proceed to phase two.

Evaluation phase two requires a trader to reach a profit target of 5% while not surpassing their 5% maximum daily loss or 8% maximum loss rules. You are required to hit your profit target in 60 calendar days from the day you place your first position on your evaluation account. You have no minimum trading days requirement in order to proceed to a funded account.

By completing both evaluation phases you are awarded a funded account where you have no profit targets. You are only required to respect the 5% maximum daily loss and 8% maximum loss rules. Your first payout is 8 calendar days from the day you place your first position on your funded account while all other withdrawals can be submitted on a bi-weekly basis. Your profit split will be 80% based on the profit you make on your funded account. You should also note that your maximum loss rule increases by +1% with each successful withdrawal that you receive to a maximum of 14%.

E8 evaluation program account scaling plan

E8 evaluation program accounts also have a scaling plan. You increase your balance by requesting a profit split at the end of each trading period. They will send you an 80% profit split you have earned and add back the balance before the withdrawal to increase your account size.

Example:

  1. You are trading a $250k account and you make a 10% profit.
  2. Your account balance now is $275k.
  3. You request a profit split, meaning that you receive a payout of $20k (80% of the $25k profit made)
  4. Since you made a profit of $25k on your $250k account, you continue trading with $275k

Trading instruments for the E8 evaluation program accounts are forex pairs, commodities, indices, equities, and cryptocurrencies.

E8 evaluation program account rules

  • Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. Phase 1 profit target is 8% while phase 2 has a profit target of 5%. Funded accounts have no profit targets.
  • Maximum daily loss is the maximum loss a trader can reach on a daily basis before the account is violated. All account sizes have a maximum daily loss of 5%.
  • Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 8% (can be scaled up to 14%).
  • Maximum trading days are the maximum period in which you are required to hit a specific profit target or withdrawal target. Phase 1 has a maximum of 30 trading days period while phase 2 has a maximum of 60 trading days period.
  • Third-party copy trading risk means that if you intend to use copy trading services, you should keep in mind that by using a third-party copy trading service, there might be other traders that are already using it and therefore exactly the same trading strategy. By using a third-party copy trading service, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
  • Third-party EA risk means that if you intend to use an EA, you should keep in mind that by using a third-party EA, there might be other traders that are already using it and therefore using exactly the same trading strategy. By using a third-party EA, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.

ELEV8 program account

ELEV8 program account aims to provide traders with an opportunity to prove their skills and manage up to $1,000,000 in balance while having access to the global markets with top-tier liquidity and technology. Traders are rewarded for their consistency in the two-phase evaluation period while trading the ELEV8 program account. The ELEV8 program account allows you to trade with 1:100 leverage.

Evaluation phase one requires a trader to reach a profit target of 8% while not surpassing their 5% maximum daily loss or 8% maximum loss rules. You are required to hit your profit target in 30 calendar days from the day you place your first position on your evaluation account. You have no minimum trading days requirement in order to proceed to phase two.

Evaluation phase two requires a trader to reach a profit target of 5% while not surpassing their 5% maximum daily loss or 8% maximum loss rules. You are required to hit your profit target in 60 calendar days from the day you place your first position on your evaluation account. You have no minimum trading days requirement in order to proceed to a funded account.

By completing both evaluation phases you are awarded a funded ELEV8 account where you have no profit targets. You are only required to respect the 5% maximum daily loss and 8% maximum loss rules. Your first payout is 8 calendar days from the day you place your first position on your funded account while all other withdrawals can be submitted on a bi-weekly basis. Your profit split will be 80% based on the profit you make on your funded account. You should also note that your maximum loss rule increases by +1% with each successful withdrawal that you receive to a maximum of 14%.

ELEV8 program account scaling plan

ELEV8 program accounts also have a scaling plan. You can see the scaling plan in the spreadsheet below.

Trading instruments for the ELEV8 program accounts are forex pairs, commodities, indices, equities, and cryptocurrencies.

E8 evaluation program account rules

Account sizeProfit target (%)Trading periodScaled account size
$100,00016%+30 calendar days$200,000
$200,00016%+30 calendar days$300,000
$300,00016%+30 calendar days$400,000
$400,00016%+30 calendar days$500,000
$500,00016%+30 calendar days$600,000
$600,00016%+30 calendar days$700,000
$700,00016%+30 calendar days$800,000
$800,00016%+30 calendar days$900,000
$900,00016%+30 calendar days$1,000,000
  • Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. Phase 1 profit target is 8% while phase 2 has a profit target of 5%. Funded accounts have no profit targets.
  • Maximum daily loss is the maximum loss a trader can reach on a daily basis before the account is violated. All account sizes have a maximum daily loss of 5%.
  • Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 8% (can be scaled up to 14%).
  • Maximum trading days are the maximum period in which you are required to hit a specific profit target or withdrawal target. Phase 1 has a maximum of 30 trading days period while phase 2 has a maximum of 60 trading days period.
  • Third-party copy trading risk means that if you intend to use copy trading services, you should keep in mind that by using a third-party copy trading service, there might be other traders that are already using it and therefore exactly the same trading strategy. By using a third-party copy trading service, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
  • Third-party EA risk means that if you intend to use an EA, you should keep in mind that by using a third-party EA, there might be other traders that are already using it and therefore using exactly the same trading strategy. By using a third-party EA, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.

What makes E8 Funding different from other prop firms?

E8 Funding is different from most industry-leading prop firms due to offering two different funding programs: E8 evaluation and ELEV8 program accounts. They also have almost no restrictions on your trading style, you can trade during news, hold trades overnight, and during the weekends.

E8 Funding evaluation and ELEV8 program accounts have a two-phase evaluation that requires traders to complete two phases before being eligible for payouts. The profit target is 8% in phase one and 5% in phase two with a 5% maximum daily and 8% maximum loss rules, you also have no minimum trading days requirement in both phases before becoming funded. E8 evaluation program accounts also have a scaling plan. Compared to other industry-leading prop firms they have relatively low profit targets and no minimum trading day requirement.

Example of comparison between E8 Funding & Finotive Funding

Trading objectivesE8 FundingFinotive Funding
Phase 1 profit target8%7.5%
Phase 2 profit target5%5%
Maximum daily loss5%5%
Maximum loss8%10%
Minimum trading daysNo minimum trading days5 calendar days
Profit split80%75% up to 95%

Example of comparison between E8 Funding & Funded Trading Plus

Trading objectivesE8 FundingFunded Trading Plus
Phase 1 profit target8%10%
Phase 2 profit target5%5%
Maximum daily loss5%5%
Maximum loss8%10%
Minimum trading daysNo minimum trading daysNo minimum trading days
Profit split80%80% up to 90%

Example of comparison between E8 Funding & FundedNext

Trading objectivesE8 FundingFundedNext
Phase 1 profit target8%10%
Phase 2 profit target5%5%
Maximum daily loss5%5%
Maximum loss8%10%
Minimum trading daysNo minimum trading days5 minimum trading days
Profit split80%80% up to 90%

In conclusion, E8 Funding is different from other industry-leading prop firms by offering two different funding programs. In addition, they also offer traders relaxed trading rules with almost no restrictions, one of the rules being no minimum trading days, allowing traders to get funded in a single day.

Is getting E8 Funding capital realistic?

It’s essential to see how realistic the trading requirements are when looking at prop firms that best suit your forex trading style. For example, a company offering a high % profit split on a highly funded account sounds great, but if they expect high % gains per month with low % maximum drawdowns, your chances of success become close to zero.

Receiving capital from the E8 evaluation and ELEV8 program accounts is realistic mostly since they have relatively low profit targets (8% in phase one and 5% in phase two) with average maximum loss rules (5% maximum daily and 8% maximum loss).

After considering all of that, E8 Funding is an excellent choice to get funded since you have two different funding programs you can choose from that have realistic trading objectives to follow and conditions to receive payouts.

Payment proof

E8 Funding was incorporated on the 5th of November, 2021. After getting funded, traders are eligible for bi-weekly payouts with no minimum profit targets.

You can see examples of payment proof in the two following youtube videos:

Which brokers does E8 Funding use?

E8 Funding doesn’t trade with common broker brands. They trade directly through a Tier-1 Liquidity Provider who gives them Direct Market Access with no commissions, low spreads, and flawless execution with their E8 MT4 Server.

As for trading platforms, they allow you to trade on Meta Trader 4.

Trading instruments

E8 Funding allows you to trade forex pairs, commodities, indices, equities, and cryptocurrencies with a 1:100 leverage.

FOREX:AUDUSDEURUSDGBPUSDNZDUSDUSDCAD
USDCHFUSDHKDUSDJPYAUDCADAUDCHFAUDJPY
AUDNZDCADCHFCADJPYCHFJPYEURAUDEURCAD
EURCHFEURCZKEURGBPEURHUFEURJPYEURNOK
EURNZDEURPLNEURRUBGBPAUDGBPCADGBPCHF
GBPJPYGBPNZDNZDCADNZDCHFNZDJPYUSDCZK
USDHUFUSDILSUSDJPYUSDMXNUSDNOKUSDPLN
USDRUBUSDSEKUSDTRYUSDZAR
COMMODITIES:WTIXAGUSDXAUUSD
INDICES:EU50GER30US100US30US500
VIX
EQUITIES:AAPLFBNFLXTSLA
CRYPTO:ADAUSDBTCUSDDASHUSDETHUSDLTCUSD
XRPUSD

Trading fees

Trading commission:

AssetsFee terms
FOREX 3-5 USD / LOT
COMMODITIES 9 USD / LOT (GOLD)
INDICES 0.5-3 USD / LOT
EQUITIES ≈ USD / LOT (AAPL)
≈ USD / LOT (FB)
≈ USD / LOT (NFLX)
≈ USD/ LOT (TSLA)
CRYPTO ≈ 60 USD / LOT (BTC/USD)
≈ 4 USD / LOT (ETH/USD)
≈ 0.1 USD / LOT (DASH/USD)
≈ 0.1 USD / LOT (LTC/USD)
≈ 0.1 USD / LOT (XRP/USD)

Spread:

In order to check the live spreads login to the trading account below:

PlatformServerLogin numberPasswordDownload platform
MetaTrader 4E8Funding-Demo2132254463E8TestingClick here

Education & Support for traders

E8 Funding does not provide any educational content on its website.

On the other hand, they have a thread about them on Forex Factory to discuss details about the firm and the features they provide to other users.

Another thread can be found on ForexFactory named ‘’PROP FIRM HUB’’ made by MasterrMind, where E8 Funding also gets mentioned numerous times. 

To see the mentioned thread click here.

They are also one of the few prop firms that have an option of a free trial before starting with the Evaluation Process so you can prepare yourself and reduce the chances of errors. 

They provide a well-structured dashboard that all of their clients can access, making it easier to manage risk with all the objectives of their statistics.

Traders’ comments about E8 Funding

E8 Funding has excellent feedback from reviews.

On Trustpilot, they have a large variety of their community commenting and giving positive feedback with a great score of 4.8/5 out of 179 reviews. They also have a fast and reliable support team that will provide you with all the necessary information you require from them or if you are unsure of anything.

Someone also stated that having fair and affordable challenges is another positive feature and a cheerful owner who does his best to interact with his community as much as possible.

A vast majority of the community praises their well-structured dashboard and the fast, responsive customer support team of E8 Funding.

Social media statistics

E8 Funding can also be found on social media.

They have a:

  • Instagram account with 14,7k followers,
  • Facebook page with 936 followers,
  • Twitter account with 276 followers,
  • Youtube channel with 355 subscribers and no uploaded videos yet, and
  • Telegram account with 2,476 subscribers.

Support

E8 Funding has a FAQ page where you might find the missing information.

The support team is available on their social media, or you can directly contact them on their email support@e8funding.com.

Their live chat support team on their website is available from Monday – Friday: 7 AM – 6 PM CST; and on Weekends: 11 AM – 2 PM CST.

Registration process

To register with E8 Funding, you will require to complete the following steps.

1. Sign up for E8 Funding

2. Email confirmation

3. Choose your account

4. Receive the order confirmation

5. Payment confirmation

6. Phase 1 login credentials provided in 22 hours

7. E8 Funding Phase 1 dashboard

8. Phase 1 completed

9. Confirmation for a completed Phase 1

10. Phase 2 login credentials provided in 5 minutes

11. Phase 2 completed

12. Phase 2 dashboard

13. Phase 2 statistics

14. Funded account activation process

15. E8 Funding trading agreement

16. Received funded account credentials

17. E8 Funding funded account dashboard

18. Funded account dashboard

Conclusion

In conclusion, E8 Funding is a legitimate proprietary trading firm that offers traders a chance to choose between three different funding programs: E8 evaluation and ELEV8 program accounts.

Evaluation and ELEV8 programs are industry-standard two-phase evaluation challenges that require the completion of two phases before becoming funded and being eligible to earn profit splits. E8 Funding requires traders to reach profit targets of 8% in phase one and 5% in phase two before becoming funded which are realistic trading objectives considering you have a 5% maximum daily and 8% maximum loss rules to follow. With evaluation and ELEV8 programs, you can earn 80% profit splits while also being able to scale your accounts.

I would recommend E8 Funding to anyone who is looking for a prop firm with straightforward trading rules. While they are still a relatively new firm, they offer excellent conditions for a big pool of individuals with unique trading styles. After considering everything E8 Funding has to offer, they are for sure one of the industry-leading prop firms.

This review about E8 Funding was lastly updated on 29.09.2022 at 06:41 (CE(S)T).

So, what do you think about the layout of the Proprietary Trading firm? Does E8 Funding have the instruments that you want to trade?

Let us know if you enjoyed our E8 Funding Proprietary Trading firm review!

E8 Funding Review (10% discount code: FOREXPROPREVIEWS) Details

Trading platform
Deposit Methods
Withdrawal Methods
Tradable instruments
Account Currencies
Leverage
Maximum capital allocation
Account size up to:
$250,000
Use code for 10% discount: FOREXPROPREVIEWS
*Choose your account size and make a payment
5.0
Fees
5.0
Trading platform
5.0
Deposit and withdrawal
5.0
Customer Support
5.0 Overall Rating

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