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E8Markets

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E8Markets Broker Overview

E8 Markets, established in 2021 by CEO Dylan Elchami, is a US-based proprietary trading firm headquartered in Dallas, Texas, with an additional office in Prague, Czech Republic. The firm provides traders with simulated accounts to demonstrate their skills, offering access to virtual capital up to $500,000 (scalable to $1,000,000) upon passing evaluation challenges. Known for its trader-focused approach, E8 Markets supports a variety of trading platforms and instruments, catering to both novice and experienced traders. This review covers its features, fees, payment methods, evaluation programs, and overall performance based on available data.

E8 Markets operates with a transparent, one-time fee structure for evaluation accounts, with no recurring subscriptions or hidden costs. Fees vary by account size, evaluation type, and platform, but the firm refunds the evaluation fee upon successful completion, a feature that sets it apart from some competitors.

Forex Accounts

  • One-Time Evaluation Fees:
    • E8 One (1-Step): $33–$3,567 (e.g., $33 for $5,000, $1,301 for $400,000 on MatchTrader).
    • E8 Pro (1-Step): $59–$898 (e.g., $59 for $10,000, $898 for $200,000).
    • E8 Classic (2-Step): $37–$1,228 (e.g., $37 for $5,000, $1,228 for $200,000).
    • E8 Track (3-Step): $37–$2,357 (e.g., $37 for $10,000, $2,357 for $400,000).
    • E8 Track 1:1 (3-Step): $37–$1,916 (e.g., $37 for $10,000, $1,916 for $400,000).
  • Commissions (Raw Spread Accounts):
    • Forex: $5 per lot
    • Metals: $6 per lot
    • Indices: $6 per lot (Nasdaq, S&P, DAX, Nikkei); $12 per lot (Dow Jones, Australia 200)
    • Energy: $6 per lot
    • Cryptocurrencies: $30 per lot
  • Standard Spread Accounts: No commissions, but wider spreads apply.

Futures Accounts

  • Monthly Fees:
    • Model 1: $98–$278 (e.g., $98 for $50,000, $278 for $150,000)
    • Model 2: $68–$178 (e.g., $68 for $50,000, $178 for $150,000)
    • Model 3: $448–$668 (e.g., $448 for $50,000, $668 for $150,000)
  • Commissions: No commissions for futures accounts; zero-commission or swap-free options available.

Additional Notes

  • Third-party payment processors (e.g., Rise, Plane) may charge transaction fees, though E8 Markets itself does not.
  • The refundable evaluation fee for forex accounts incentivizes serious traders, while the absence of withdrawal fees enhances payout flexibility.

E8 Markets offers a variety of payment methods for purchasing evaluation challenges and receiving payouts, ensuring accessibility for global traders.

Deposit Methods

  • Credit/Debit Cards: Visa, Mastercard, American Express, Discover, Apple Pay, Google Pay (via Nuvei).
  • Cryptocurrencies: Bitcoin, Ethereum, Litecoin, USDC, USDT, Polygon, Solana, Tronix (via Confirmo).
  • Bank Transfers: Supported for certain regions, though specifics depend on the processor.

Withdrawal Methods

  • Payouts: Processed via Rise (cryptocurrencies, cards) or Plane (bank transfers).
  • Frequency:
    • E8 One: On-demand payouts.
    • E8 Pro: Every 7 days.
    • E8 Classic/Track/Track 1:1: Every 14 days after an initial 8-day period.
  • Processing Time: Typically within 12–24 hours, with some traders reporting payouts as fast as 10 hours.
  • Conditions: Payouts require adherence to consistency rules (e.g., no single trading day exceeding 40% of total profits) and a net profit exceeding 50% of the daily drawdown.

E8 Markets supports a diverse range of instruments across its platforms, suitable for various trading strategies.

  • Forex: Major, minor, and exotic currency pairs (e.g., EURUSD, GBPJPY, USDZAR).
  • Metals: Gold, silver, platinum, palladium.
  • Indices: US30, NAS100, GER40, S&P 500, Nikkei 225, etc.
  • Commodities/Energies: Crude oil, natural gas.
  • Cryptocurrencies: Bitcoin, Ethereum, and others.
  • Futures: Commodities, indices, and metals (specific to Futures accounts).

Leverage

  • Forex: Up to 1:50 (E8 Pro, Classic, Track); 1:30 (E8 One).
  • Metals/Indices: Up to 1:25.
  • Cryptocurrencies: Up to 1:2.
  • Futures: 1:1 (no leverage, as is standard for futures trading).
  • Comparison: Competitors like FundedNext and The5ers offer up to 1:100 leverage, which may appeal to traders seeking higher risk exposure.

E8 Markets supports multiple platforms, ensuring flexibility for different trading styles.

  • MatchTrader: Web-based, user-friendly, with robust charting and analysis tools.
  • TradeLocker: Modern interface, popular for its simplicity and efficiency.
  • Platform 5: Known for speed and advanced analytics, ideal for futures trading.
  • cTrader: Supports algorithmic trading and advanced order types.
  • MetaTrader 5 (MT5): Offers customization, Expert Advisors (EAs), and mobile trading (not available for US traders).
  • Note: US traders are limited to MatchTrader and TradeLocker due to regulatory restrictions.
  • EAs and trading bots are permitted, but traders must use unique strategies to avoid account termination for duplicated EAs across multiple accounts.
  • Limits:
    • Maximum position size: 50 lots (Forex/Commodities), 100 lots (Indices).
    • Maximum daily orders: 2,000.
    • Maximum simultaneous orders: 100.

E8 Markets offers flexible evaluation programs under two categories: Forex and Futures, each tailored to different trader profiles.

Forex Evaluation Programs

  1. E8 One (1-Step Evaluation):
    • Account Sizes: $5,000–$500,000.
    • Profit Target: 10% (customizable, 6%–23.2%).
    • Drawdown: 4% daily, 6%–14% trailing.
    • Payout Split: 40%–100% (customizable).
    • Minimum Trading Days: 1.
    • Payout Frequency: On-demand.
    • Platforms: MatchTrader, TradeLocker, Platform 5, cTrader.
    • Best For: Experienced traders seeking fast funding.
  2. E8 Pro (1-Step Evaluation):
    • Account Sizes: $10,000–$200,000.
    • Profit Target: 8%.
    • Drawdown: 2% daily (soft breach, “daily pause”), 6% max.
    • Payout Split: 40%–100%.
    • Minimum Trading Days: 4 (evaluation), 1 (funded).
    • Payout Frequency: Every 7 days.
    • Platforms: MatchTrader, Platform 5, cTrader.
    • Best For: Traders preferring a softer daily drawdown rule.
  3. E8 Classic (2-Step Evaluation):
    • Account Sizes: $5,000–$200,000.
    • Profit Target: Phase 1: 6%–10%, Phase 2: 3%–5%.
    • Drawdown: 3%–7% daily, 6%–14% max (static).
    • Payout Split: 40%–100%.
    • Minimum Trading Days: 4 (evaluation), 1 (funded).
    • Payout Frequency: Every 14 days.
    • Platforms: MatchTrader, Platform 5, cTrader.
    • Best For: Risk-averse traders seeking structured evaluation.
  4. E8 Track (3-Step Evaluation):
    • Account Sizes: $10,000–$400,000.
    • Profit Target: Phase 1: 6%–14%, Phase 2 & 3: 3%–7%.
    • Drawdown: 3%–7% daily, 6%–14% max (static).
    • Payout Split: 40%–100%.
    • Minimum Trading Days: 1.
    • Payout Frequency: Every 14 days.
    • Platforms: MatchTrader, Platform 5, cTrader.
    • Best For: Beginners needing a gradual progression model.
  5. E8 Track 1:1 (3-Step Evaluation):
    • Account Sizes: $10,000–$400,000.
    • Profit Target: Phase 1–3: 3%–8%.
    • Drawdown: 3%–8% daily, 3%–8% max (static).
    • Payout Split: 40%–100%.
    • Minimum Trading Days: 1.
    • Payout Frequency: Every 14 days.
    • Platforms: MatchTrader, Platform 5, cTrader.
    • Best For: Novices seeking the lowest risk parameters.

Futures Evaluation Programs

  1. Model 1:
    • Account Sizes: $50,000–$150,000.
    • Profit Target: 4.5%–12%.
    • Drawdown: 1.5%–4% daily (pause), 3%–8% EOD trailing.
    • Payout Split: Up to 100%.
    • Minimum Trading Days: 1.
    • Payout Frequency: Weekly.
    • Platform: Platform 5.
    • Fees: $98–$278 (monthly).
  2. Model 2:
    • Account Sizes: $50,000–$150,000.
    • Profit Target: 6%–16%.
    • Drawdown: 3%–8% EOD trailing.
    • Payout Split: Up to 100%.
    • Minimum Trading Days: 1.
    • Payout Frequency: Weekly.
    • Platform: Platform 5.
    • Fees: $68–$178 (monthly).
  3. Model 3:
    • Account Sizes: $50,000–$100,000.
    • Profit Target: 6% per phase (4 phases).
    • Drawdown: 3%–5% EOD trailing.
    • Payout Split: Up to 100%.
    • Minimum Trading Days: 1.
    • Payout Frequency: Weekly.
    • Platform: Platform 5.
    • Fees: $448–$668 (monthly).

Scaling Plan

  • Traders retain scaled balances after payouts, with drawdown limits adjusted based on the new balance (e.g., a $100,000 account scaled to $110,000 recalculates drawdowns on $110,000).
  • Maximum scaling: $1,000,000.
  • Limitation: Scaling not available for E8 One accounts.

Trading Rules

  • Consistency Rule: No single trading day can account for >40% of total profits.
  • Position Limits: Forex/Commodities: 50 lots/order; Indices: 100 lots/order.
  • Trade Duration: At least 50% of trades must be held >1 minute.
  • Prohibited Strategies: Hedging across multiple accounts, copying trades between accounts, martingale, HFT, arbitrage.
  • News Trading: Allowed in evaluation accounts; prohibited within 5 minutes of high-impact news in funded accounts.
  • Inactivity: Accounts inactive for 90 days are disabled without refunds.
  1. Register: Visit www.e8markets.com, click “Sign Up,” and provide personal details (name, email, phone, country, password).
  2. Complete KYC: Verify identity via the E8X Dashboard under “User Settings” by uploading ID photos and a selfie.
  3. Select Program: Choose a Forex (E8 One, Pro, Classic, Track, Track 1:1) or Futures (Model 1, 2, 3) evaluation program.
  4. Pay Fee: Use credit/debit cards, cryptocurrencies, or bank transfers to purchase the challenge.
  5. Trade & Pass Evaluation: Meet profit targets and adhere to drawdown/rules on the chosen platform (MatchTrader, TradeLocker, Platform 5, cTrader).
  6. Get Funded: Upon passing, receive an E8 Trader account within 24 hours, sign the agreement, and start trading for payouts (first payout in as little as 8 days).

  • Channels: Email (support@e8markets.com), live chat (4 AM–4 PM CST), and a knowledge base.
  • Limitations: No phone support; live chat limited to specific hours, which may inconvenience traders in different time zones.
  • Community: Active Discord with over 45,000 users and social media engagement for trader collaboration.

E8 Markets is a legitimate and innovative prop firm, offering flexible evaluation programs (1-Step, 2-Step, 3-Step for Forex; Models 1–3 for Futures) with profit splits up to 100% and virtual capital scaling to $1,000,000. Its support for multiple platforms (MatchTrader, TradeLocker, Platform 5, cTrader, MT5) and diverse assets (Forex, metals, indices, energies, crypto) makes it versatile. The absence of commissions on standard accounts, refundable evaluation fees, and fast payouts (as low as 10 hours) enhance its appeal. However, leverage (up to 1:50) is lower than competitors like FundedNext (1:100), and US traders face platform restrictions. The firm’s transparency, modern tools, and strong community make it a compelling choice for disciplined traders.

  • Is E8 Markets legit? Yes, it’s a reputable firm with transparent rules and a 4.3/5 TrustScore.
  • Can US traders join? Yes, but limited to MatchTrader and TradeLocker platforms.
  • Are EAs allowed? Yes, if unique; shared EAs across accounts are prohibited.
  • How fast are payouts? Typically 12–24 hours, sometimes 10 hours.
  • What’s the max funding? $500,000, scalable to $1,000,000.
  • Is news trading allowed? Yes in evaluations, but restricted within 5 minutes of high-impact news in funded accounts.
  • What happens if I violate rules? Accounts may be terminated, with no refunds for inactivity or rule breaches.

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