E8 Funding Review 2024: An in-depth and honest prop firm review (2024)

E8 Funding Overview

What is E8 Funding?

E8 Funding is an innovative service designed to financially support Forex and Contract for Difference (CFD) traders worldwide. This U.S.-based company acts as a proprietary trading firm, providing an approach to trading that is driven by its commitment to identifying and funding hidden talent among global traders.

The service begins with an evaluation process where traders get the chance to prove their trading skills. If they pass, they can then trade while E8 Funding assumes the risk. Profits generated from this trading activity are split, with 80% going to the trader. Additionally, traders receive a full refund of their evaluation fees.

One of the unique aspects of E8 Funding is its innovative scaling and increased drawdown model. This essentially means that each time a trader withdraws their profits, their account balance and overall drawdown limit increase. For each successful withdrawal, the trader earns an additional 1% drawdown risk, up to a total of 14%. The drawdown refers to the reduction in capital after a series of losing trades, and having a higher limit allows traders more flexibility and risk tolerance.

In terms of technology, E8 Funding provides an intuitive user interface with a dashboard (E8X Dashboard) that offers important trading insights. The trading platform also provides quick setup options, regular updates on trading information, and the ability to track progress. Importantly, E8 Funding operates on a no-games, transparency-first basis, which means that traders are given clear and honest information.

The service is also characterized by flexibility and convenience. There are no minimum trading days, and traders can start getting funded in as little as one day. Furthermore, there are no restrictions on trading strategies, and traders can manage their accounts as they see fit, provided they don’t exceed the drawdown limits. Consider checking out this proprietary trading company; registering through this link provides you with a 10% discount.

Learn More About E8 Funding

External E8 Funding Review & Ratings

Here are some reviews from traders who have experienced the platform firsthand:

“This is the prop firm with the best scaling plan ever! I bought a 250k account, and with a running promo, got funded 275k. After just 1 month of trading and 2 cycles of profits, my maximum drawdown is 39k as opposed to the starting drawdown of 25k. Talk about fast scaling! Have just submitted my withdrawal today, and very much looking forward to my 2nd payout =).”

“I am very satisfied with E8. Quick account upgrades, and lighting fast payouts without any of the hoops.
Amazing customer support, especially Daniel. He solved my problem quickly and was really helpfull.”

“E8 Funding is a great company. Very trusted, and a very thoughtful user experience. Great transparency too!”

“Using E8 Funding for over few months, including the trial account and evaluations; and I’m very impressed with almost everything. The dashboard is neat and very informative without flaws to provide all tools. All of the steps including the automated target reached notification, certificate generation, and manual verification processes have been excellent! On top of it, love their policies, flexible rules and the competitive pricing model for consistent traders.
Also, I had to reach out to customer support for some resolutions and they’ve been prompt and helpful – Andrew, Martin and all helped in everything, including processing of payout!
The only con is a larger spread for some pairs, though for long-term traders it shouldn’t be an issue.
Hope they keep doing a fantastic job in future, will keep this review updated as it goes.”

How Does E8 Funding Work?

E8 Funding works by providing a unique opportunity for Forex and CFD traders to access funding through a clear and supportive funding process. This process is divided into two main stages: the evaluation stage and the funding stage. Here’s a simplified explanation:

Stage 1 – Evaluation

This stage includes two phases, Phase 1 and Phase 2.

• Phase 1 (Kickoff Evaluation): Here, traders have to demonstrate they can trade wisely and manage risk well. A profit target is set, and traders are given 30 days to reach this goal while keeping within the allowed drawdown limits. If a trader makes a profit but doesn’t reach the target within this time frame, E8 Funding gives them another shot at it for free.
• Phase 2 (Deep Dive Evaluation): Successful Phase 1 traders move to Phase 2, where their trading skills are further scrutinized. The profit target is lowered to 5% in this phase, and traders have a full 60 days to meet it. Again, if a trader makes a profit but doesn’t hit the target, they can have another go at no extra charge.

Stage 2 – Becoming an E8 Funded Trader

Traders who ace both phases of the evaluation become official E8 Funded Traders. They’re now given access to real capital linked to E8 Funding’s live trading account. No specific profit target is set at this stage, giving traders more freedom. However, they’re expected to stick to the drawdown rules, both the Maximum Daily Drawdown and Maximum Loss rules, and to be extra careful with news trading during major news releases.

Throughout this journey, E8 Funding provides a friendly dashboard for traders to analyze their trading performance. Moreover, their novel scaling program enables traders to boost their account balance and overall drawdown every time they successfully pull out their profits.

Understanding E8 Funding Account Types

E8 Funding offers three account types: E8 Account, E8 Track, and ELEV8 Account. The account you can access and how much it costs upfront depends on the type and how much funding you’re looking for.

The Evaluation Process

Before you can use these accounts, you have to go through an evaluation. This is to test if you can manage your trades responsibly. If you pass, the initial funding fee you paid for the E8 Account and E8 Track is given back to you. But if you fail, you don’t get a refund of your trading fees.

Evaluation Steps and Objectives

The E8 Account has two evaluation phases, while the E8 Track Account has three. Each phase has goals you need to achieve to qualify for funding. Here are those goals:

Phase 1 Goals for Regular Accounts:

• Profit Target: You need to make a profit of 8% in your trading account.
• Daily Loss: You’re only allowed to lose up to 5% of your equity in a day. This is calculated over 24 hours of Central European Time (CET).
• Maximum Loss: You can’t lose more than 8% of your account equity from when you started.
• Minimum Trading Days: You have to trade for at least one day during this period. A day is counted when you close an open position during a 24-hour time period.
• Maximum Trading Days: You have 30 days to complete these goals, starting from your first trade.

Phase 1 Goals for Extended Accounts:

These goals are the same as for Regular Accounts, with a few differences:

• Maximum Loss: You can’t lose more than 10% of your account equity from when you started.
• Minimum Trading Days: You have to trade for at least five days during this period.
• Maximum Trading Days: You have 60 days to complete these goals, starting from when you open your first trade.

Phase 2 Goals:

Phase 2 goals are like Phase 1’s, but the profit target is reduced from 8% to 5% for both Regular and Extended accounts.

After Passing the Evaluation

Once you pass both phases, you can open one of the E8 Funding accounts with capital amounts of $25,000, $50,000, $100,000, or $250,000, or the equivalent in Euros or British Pounds.

Account Types

E8 Account

In the E8 account, you’re required to pay $228 for a Phase 1 evaluation on a $25,000 account. If you pass Phase 1, Phase 2 is free. If you then qualify for an E8 Funding account, you get 80% of your profits. For a $25,000 account, your daily loss limit is $1,250, and your overall loss limit is $2,000. This can be scaled to $3,500 once you’re funded.

E8 Track

Here you go through three evaluation phases. Other features are similar to the E8 Account, but you have an extra phase with a $1,250 profit target and 60 maximum trading days for a $25,000 account, and of course, the price is different from that of the E8 account.

ELEV8 Account

In the ELEV8 account, you will pay $888 for the chance to get a starting fund of $100,000. You go through two evaluation phases with an $8,000 profit target in Phase 1 and a $5,000 trading goal in Phase 2. One notable thing is that the ELEV8 trading account is designed with the potential to scale up to $1000000.

Remember, each account type and evaluation phase has its own features and profit goals. Make sure to choose the right one for you!

E8 Funding Product Selection

E8 Funding provides a diverse range of financial instruments to suit every trader’s preferences. If you’re interested in currencies, you’ll find major and many exotic forex pairs at your disposal. For those keen on stocks, E8 offers numerous top-tier and popular names to trade with. The platform also accommodates trading with major USA and some European market indexes. Commodity enthusiasts can trade assets such as Gold and Crude Oil. Uniquely, E8 even permits trading on the VIX, allowing traders to speculate on market volatility. And for the tech-savvy, E8 has a growing list of cryptocurrencies available for both the evaluation and funded stages. The provision of these financial instruments is another strength of E8 Funding. This variety empowers traders to profit regardless of their preferred forex trading style, making the platform accessible and profitable for everyone.

Profit Split

E8 Funding employs a highly favorable profit-sharing arrangement, offering traders 80% of their profits, with the remaining 20% going to the firm. This is notably generous, as many similar programs typically share profits at a lower 40-70% rate with traders. E8 Funding’s approach firmly situates it in a highly advantageous position in the industry.

E8 Funding Customer Support

Getting in touch with E8 Funding’s customer service is pretty straightforward. They offer a live chat function on their website where you can directly send a message to one of their representatives. However, their customer service availability isn’t around the clock. You can reach them from 4 a.m. to 4 p.m. Central Standard Time (CST) during weekdays, and from 8 a.m. to 1 p.m. CST over the weekend.

E8 Funding is headquartered in Texas, U.S., and if you prefer traditional mail, you can contact them through the U.S. postal service. They also maintain a presence on popular social media platforms like Instagram, Facebook, LinkedIn, and Twitter, where you can connect with them.

E8 Funding User Experience

E8 Funding offers a unique setup for retail traders, providing them access to sizable trading capital through an innovative evaluation process. If traders pass the evaluations, they are offered a considerable 80% of the profits.

The platform supports the widely used MT4 and MT5 platforms, making it familiar to forex traders and enhancing their trading experience. The platforms are known for their automation capabilities and Expert Advisor (EA) features.

Navigating the E8 Funding website is straightforward, making it easy for users to get all the essential information and start their journey in prop trading. The process is quick, with setup times around 5 minutes. Their thorough evaluation process offers an honest reflection of your trading skills.

E8 Funding supports its traders with state-of-the-art artificial intelligence and professional risk management strategies. Additionally, they provide a user-friendly mobile app for traders to monitor their accounts and even compete with E8 Funding’s best performers.

E8 Funding User Feedback

With over 1215 user reviews on Trustpilot, E8 Funding has managed to secure an impressive 4.8 out of 5-star rating, demonstrating its reliability and customer satisfaction. Users have praised the company for its excellent customer service, reasonable pricing, flexible trading rules, exceptional scaling program, prompt payouts, and user-friendly interface. Its minimum trading days requirement and rapid account funding have also been highlighted as standout features.

While there have been a few negative reviews, the company makes it a point to address these, responding promptly and making efforts to rectify any issues that may have led to dissatisfaction. Therefore, their overall customer feedback is outstanding, reflecting a high level of user satisfaction and trust in their services.

E8 Funding Review Final Verdict

E8 Funding has proven itself to be a standout provider in the proprietary trading market. Its high trading capital access, coupled with innovative features such as the E8X Dashboard, solidifies its reputation for providing an exceptional trading experience.

A key strength of this proprietary firm lies in its flexible trading conditions, with no minimum trading days and the option of up to 80% profit share. The fact that E8 Funding returns evaluation fees upon successful trading completion speaks volumes about its commitment to traders’ success.

Moreover, the diversity of financial instruments offered caters to a wide array of trading styles and interests. Notably, their profit-sharing arrangement, offering traders an impressive 80% of their profits, positions E8 Funding favorably in the industry.

Even though their customer service isn’t 24/7, it’s efficient within the working hours, demonstrating their commitment to effective client communication.

Finally, the positive user feedback, reflected in their 4.8/5 Trustpilot rating, underscores the trust traders place in their services, including their reliable support team. Overall, E8 Funding’s offerings make it a top choice for those aiming to make strides in funded trading, so if you are looking for a great prop company to use, then don’t wait to tap into your trading potential. Check out E8 Funding today and take the first step towards your successful trading journey!

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