Hello, welcome to my e8 Funding Prop Firm Review.
E8 Funding Prop Firm is a trading platform that offers forex traders lucrative financial support and other opportunities to trade online.
It is one of the platforms that many proprietaries are eyeing to join in the forex industry to achieve their financial freedom.
So, if you want to know more about this prop firm, you’re in the right place.
So, let’s get straight to it…
Summary Of The E8 Funding Prop Firm
Product Name: e8 Funding Prop Firm
Product Type: Trader’s Funding Program
Monthly fees: None
Evaluation Fee: from $138
Official Site: https://e8funding.com/
Program founder: Dylan Elchami
Overall Rating: 6/10
My Recommendation: Not for everyone; kindly read my review to see why
The E8 Funding Prop Firm Review – Overview
Many traders online have found their way to success by joining the forex industry through different proprietary firms.
This has led to the expansion of the forex industry as more and more people are showing interest in the business.
As the industry expands, many prop firms are being introduced to accommodate the increasing number of prop traders.
e8 Funding Prop Firm is one of the best-performing platforms online, allowing you to trade in the forex industry.
I found that the program offers funding options to traders worldwide to help them make money in the forex industry.
Also, the program claims to use advanced technology in managing prop traders online to ensure every trader gets the best of their service.
This includes using a user-friendly interface that is easy to understand to get everything you need.
e8 Funding Prop Firm emphasizes improving its services and making its platform easy to use.
In its vision, the prop firm aims to make its services more convenient and become the world’s best prop firm.
However, becoming the most preferred prop firm will depend on customer reviews and feedback about their services.
Compare: Funded Trading Plus Review
Pros Of e8 Funding Prop Firm
- Offers Free trial evaluation
- Fast Account processing
- Allows trade holding on overnights and during weekends
- Supported by EA
- Provides Profit share of up to 80%
- Accepts News trading
- It has an automated Payout System
- Provides a 1:100 leverage system
- Offers up to $1,000,000 on funded account balance
- Greater capital allocation range
Cons Of e8 Funding Prop Firm
- The entry fees are expensive
- It does not provide 24/7 support
- Associated with high risks that make many traders develop fear when trading
Who Should Sign Up with e8 Funding Prop Firm?
E8 Funding Prop Firm is looking for people with great talent in forex trading who are hidden in our community across the globe.
So, if you are passionate about trading forex and other trading instruments such as indices and cryptocurrencies, the program might offer you a lending hand.
The prop firm claims to provide an innovative approach by offering you funds to facilitate trading.
Also, this prop firm will expose you to their trusted tier-1 liquidity broker, giving you direct market access.
The broker doesn’t charge any commission, has a faster speed, and is more reliable for everyone.
And as such, this prop firm makes everything easy for you to succeed in your business.
Who Should Not Sign Up with e8 Funding Prop Firm?
If you are not talented in trading, this program is not for you.
The program only deals with prop traders and everyone interested or shows talent in trading with the available instruments.
In addition, joining the program won’t benefit you if you can’t take risks with your business.
Furthermore, if you aren’t trustworthy, you might not see the benefits of joining the program as you’ll be limited from enjoying their services.
What Is e8 Funding Prop Firm?
e8 Funding Prop Firm is a proprietary firm founded on 5th November 2021.
The prop firm is located in the United States of America, with offices in Texas and Dallas.
The prop firm also has one of its offices in Prague, Czech Republic.
Since commencing their trade in 2021, the prop firm has prioritized providing their forex traders with different funding programs.
I also noted that prop traders are provided an innovative approach while being offered funds to trade CFD and forex.
The company claims to have come up with unique opportunities for funding its traders to make them become professional traders.
They also manage their funded capital remotely from all parts of the globe and ensure all their traders meet their success online.
If you’re a trader in the platform, you can be awarded a capital of up to $1,000,000 in balance.
In addition, the company offers you a profit split of up to 80% as a trader and collaborates with a tier-1 liquidity broker to do the business.
The tier-1 liquidity provider is the company’s trusted broker that provides their traders with direct market access.
These are efforts to make their prop firm the best proprietary trading platform in the market.
However, you might not put your judgment on the program claims before you fully understand them.
Let’s, therefore, look at how the prop firm works in detail.
How Does e8 Funding Prop Firm Work?
Regarding proprietary trading, e8 Funding Prop Firm provides you with up to three types of trading accounts.
The trading accounts include the E8 account, ELEV8 account, and E8 Track account.
The E8 account is the fastest to trade with among the three available accounts on the platform.
The ELEV8 account requires you to pass phase two of the evaluation stage, while the e8 Track account requires you to pass phase three.
To fully understand the accounts, let’s look at each of the funding options;
The e8 Evaluation Account
The e8 Funding Account is an evaluation program identifying talented and more serious traders worldwide.
If you’re a trader in the prop firm, you’ll be rewarded when you become consistent in your trade up to the two-phase evaluation stage.
In the e8 evaluation program, you can trade with a leverage of up to 1:100 and choose account funding.
The account funding is accepted in GBP, EUR, and USD, with the USD being the most used.
Phase one has account sizes ranging from $25,000, $50,000, $100,000, and $250,000.
The e8 evaluation program has up to three stages: phase one to phase two and the e8 Funded Account.
Here are what every stage contains;
In evaluation phase one, you must hit a profit target of 8%.
Phase one has a daily loss maximized at 5%, which you should not surpass, and maximum loss rules set at 8%.
The company requires you to meet the set profit target in sixty days.
Your 60 days will start counting from the first day you placed your position on the evaluation account.
However, you’ll not have any minimum trading days set for you when trading in this phase.
Once you reach the set profit target, you’ll automatically proceed to phase two.
In phase two of the e8 evaluation program, every trader is expected to reach a profit target of 5%.
In addition, you’re not allowed to pass the set maximum daily loss of 5% or the maximum loss rules set at 8%.
You must reach your 5% profits target within sixty days to enable you to move to the funded account.
You don’t have any minimum trading days in the trading account, allowing you to trade quickly to meet the required profit target.
This is the last stage in the e8 evaluation account program, which you get awarded after completing the first and second phases.
In the funded account, there is no profit target set for you.
However, you must hit a maximum daily loss set at 5% and maximum loss rules set at 8%.
The payout in the funded account is confirmed after eight days, starting from the first day you placed your position on the funded account.
However, all the withdrawals you make can be submitted weekly with a profit split of 80%, the profit you make on the funded account.
In the Funded, the maximum loss rule always increases by 1% in every successful withdrawal you make, maximizing to 14%.
The e8 Scaling Plan
The e8 evaluation account has a scaling plan which involves increasing your trading balance at the end of every trading period.
To increase your balance, you must request a profit split where the company will send you a profit share of up to 80%.
You’ll then add the profits to your account balance to help you expand your account size.
The e8 uses trading instruments such as indices, forex, cryptocurrencies, equities, and commodities.
ELEV8 Program Account
ELEV8 is the second trading account option available in the e8 Funding Prop Firm, which provides traders with opportunities to prove their skills.
The trading account option enables traders to manage their balance to up to $1,000,000 and have access to the market.
The ELEV8 allows you to trade with 1:100 leverage and rewards consistent traders after passing their phase two evaluation stage.
Here are the available phases in the ELEV8 account and their rules.
In phase one, you must hit a profit target of 8%.
You are, however, not allowed to surpass a maximum daily loss set at 8% or the maximum loss rules set at 8%.
You must hit your profit target for up to 30 days with no minimum trading days set for you.
In this phase, you must reach a profit target of 5% within sixty days.
You are, however, not required to surpass the 5% maximum daily loss and the maximum loss rules set at 8%.
The sixty days begin from the first day you placed your position on your evaluation account, with no minimum trading days set for you.
You’ll move to the funded account when you successfully pass phase two.
In the funded ELEV8 program account, no profit targets are set for you.
However, you must respect the daily loss set at 5% and the 8% maximum loss rules.
You’ll receive your first payout in the funded account within eight days of the calendar.
The days start counting from when you first placed your position on the funded account.
The company provides a profit split of 80% based on your profits from the funded account.
The ELEV8 Program Scaling Plan
Traders that choose the ELEV8 program account can enjoy their scaling plan, which enables them to grow their account.
The account accepts trading instruments such as indices, forex pairs, cryptocurrencies, equities, and commodities.
In their scaling plan, the program account has the following account sizes; $100,000, $200,000, $300,000, $400,000, $500,000, $600,000, $700,000, $800,000, and $900,000.
The profit target for the account sizes is up to 16%, with a period set at 30 days.
You’re allowed to scale your account size to up to $1,000,000.
E8 Track Program Accounts
The E8 Track program account is the last option on the e8 Funding Prop Firm with a 1:100 leverage.
The program account provides traders with new opportunities that can help them improve their skills.
Also, the program has account sizes ranging from $25000, $50,000, $100,000, and $250,000 account size.
The program has three phases: phase one, phase two, and the funded account.
In phase one of the e8 Track Account, every trader must hit a profit target of 8% within 30 days.
You are, however, not allowed to surpass the maximum daily loss of 55 or the maximum loss rule of 8%.
No minimum days are set for the trade in this phase, allowing you to do your business at your own speed.
In this phase, you must reach a profit target of 5% within sixty days while respecting the 5% maximum daily loss.
You must also respect the 8% maximum loss rules with no minimum trading days set for you.
When you successfully pass phase two, you move to the funded account with no profit target set for you.
You’ll only have to respect the maximum daily loss set at 5% and the maximum loss rules set at 8%.
You’ll get your first payout exactly eight days from the first day you place a position on your funded account.
The e8 Track Program Account Scaling Plan.
Like the other two trading account program options, the e8 Track program also has a scaling plan.
The program awards you a profit share of up to 80% of your profits on your funded account.
This enables you to increase your balance and grow your account size to $250,000.
The program allows you to trade with indices, cryptocurrencies, forex pairs, equities, and commodities.
Related Prop Firm: Glow Node Prop Firm
Who Is The Founder Of E8 Funding Prop Firm?
E8 Funding prop firm was founded by Dylan Elchami, the company’s CEO.
The main goal of Dylan in the company is to come up with a new and unique opportunity to make everyone who joins the program succeed.
He focused on creating a platform to make every trader professional by managing capital remotely and scaling their business.
Dylan puts a great effort into the program towards improving its services to achieve his goals and make more traders join the platform.
As a priority, Dylan tries to ensure every trader in the platform gets it easier to trade.
He provides traders with different software solutions and strategic collaborations in their business.
Steps For Joining e8 Funding Prop Firm
There are three steps for joining the e8 Funding Prop Firm.
The steps include;
Step One: Registration
In the registration stage, you must create a simple and user-friendly sign on the company’s official platform.
The sign-up process in the program takes not more than two minutes to complete as it does not require too many details.
You’ll enter your information and make payment of your proffered account program to receive the credentials for your account.
Step Two: Know Your Stats
Once you complete your registration process, visit the E8X Dashboard to know your starts.
While in the Dashboard, you can observe and measure your progress, trading stats, and the objectives set for your account.
Remember, all these aspects count for your trading outcome and need more focus when trading for you to succeed in the business.
Step Three: Become Professional With e8
You can become a professional when you understand your trading objectives and progress.
As a professional trader, you can become a good account manager when dealing with proprietary trading frauds online.
You can also scale your business to the maximum amount you can trade in the program.
What Are the Benefits Of Joining the e8 Funding Prop Firm?
- The program has an excellent rating on the trust pilot, attaining up to 4.8/5, which is impressive for a prop firm.
- The program provides unlimited free entries for your evaluation stages to increase your chances of passing your evaluation.
- As part of their scaling plan, you’ll enjoy trading with a maximum balance of up to $1,000,000 on your ELEV8 accounts.
- You’ll enjoy a profit share of up to 80%, which will help you improve your account size to your desired amount.
- The prop firm offers various trading instruments, including equities, forex pairs, cryptocurrencies, indices, and commodities.
What Is The Cost Of Joining The e8 Funding Prop Firm?
The cost of joining the e8 Funding pop firm depends on the program account you choose in the platform.
In addition, the cost increases as the size of your account increase.
Here are the three available trading account programs and their prices based on account size.
E8 Evaluation Account
In the e8 Evaluation account, there are up to four account sizes with their prices as follows;
- $25,000 priced at $228.
- $50,000 priced at $338.
- $100,000 priced at $588.
- $250,000 priced at $988.
E8 Track Account
Here are the account sizes available for the e8 track account and their prices.
- $25,000 account size has its price set at $138.
- $50,000 account size has its price set at $208.
- $100,000 account size has its price set at $358.
- $250,000 account sizes have their price set at $598.
ELEV8 Program Account
In the ELEV8 program account, the account sizes range from $100,000 to $900,000.
The scaled account sizes range from $200,000 to $1,000,000.
The program has an overall price tag set for account sizes of $100,000.
The overall price set for the account sizes is $888, payable at the beginning of the $100,000 account size.
The program also expects you to meet its profit target set at 16% within thirty days.
Is e8 Funding Prop Firm A Scam?
E8 Funding Prop Firm is not a SCAM.
The prop firm has a user-friendly platform that provides prop traders with significant experience in forex trading.
In addition, the program offers essential information every prop trader in the forex trading industry needs.
The prop firm looks forward to providing its traders with the best funding experience to make them the best platform in the market.
According to the program, you’ll get the funds wherever you’re once you pass the evaluation stage.
If you want to become a professional trader, this program will offer you just that.
However, this is only easy if you can trade in the market.
For instance, the program expects you to pass through an evaluation stage before you can get qualified to trade with a live-funded account.
Despite the program offering a free trial for traders, passing the evaluation stage may not be easy for everyone.
It requires you to have passion and talent in the business, which will help you acquire the skills needed to succeed in the trade.
In addition, the system has high fear, which may discourage you from trading as it requires you to be a good risk-taker.
The great fear also goes along with the poor customer support evidenced in the program as it does not offer 24/7 support to its prop traders.
My Assessment Of the e8 Funding Prop Firm Review
From the assessment that I did, here are some key factors that I drew my conclusion;
Profits Split – 7/10
E8 Funding prop firm has a good profit split of up to 80%.
In the profit split, you’ll receive a profit share of 80% into your funded account, where the program only takes the remaining 20%.
This huge profit share can enable you quickly grow your business to the maximum target.
Scaling Opportunities – 8/10
The prop firm provides you with unique scaling opportunities aimed at helping you become a professional trader.
According to the program, the opportunities are strategically set to help you reach the maximum scaling amount.
This makes it unique from other prop firms as a technique to overcome competition in the market and get more traders.
Profits Targets – 7/10
The profit targets set by the e8 Funding program account favor prop traders as they are not too high.
The profit targets are set lower to enable many prop traders to pass their evaluation stage and start trading with a funded account.
The program also allows you to make as many free trials as possible if you fail to meet the profit targets in the program.
Affordability – 6/10
The program is affordable for traders worldwide, especially those with a great talent for the business.
However, some traders with low capital may not quickly get the services for the company as their fee charges are quite high.
Trader Supports – 5/10
The e8 Funding program has average customer support despite the fears of many possible risk occurrences.
The support provided to traders in the market may not be available 24/7, as in the case of many other prop firms.
This limits customers from fully depending on their support when trading.
Tradable assets – 6/10
The tradable assets provided in the program are impressive compared to other prop firms online.
The assets are available for every trader who wants to utilize them to succeed while trading.
Trustworthiness – 4/10
There is great fear in the program due to inefficient customer support.
This makes the prop firm less trusted as many traders are not good risk-takers and fear losing their money.
My Overall Rating – 6/10
I give the program an overall rating of 6/10 points based on its impressive performance in the market.
The company also promises positive progress that can enable it to become one of the world’s top prop firms in the future.
Despite the program being newly launched in the industry, it has managed to have a significant improvement in its performance.
It is a fast-growing company that significantly impacts the forex trading industry.
What Are People Saying
The e8 Funding Prop Firm has an excellent rating on the Trustpilot platform.
The company has hit a rating of up to 4.7/5 stars in the app.
The program has more than 19k followers on its Facebook page with a five-star rating in more than 16 reviews.
The company is also still recording a significant increase in the number of followers on the page, which shows the increasing number of their traders.
In general, the e8 Funding program satisfies most prop traders who use the platform to trade online.
The majority of the traders on the platform are getting what they are seeking.
FAQs About e8 Funding Prop Firm
Which Brokers Are Used In The E8 Funding Prop Firm?
The e8 Funding prop firm works with tier-1 liquidity as its trusted broker.
Also, the program doesn’t accept other common brokers or brokers from other brands online.
The tier-1 liquidity provides traders direct access to the market and doesn’t take any commission.
What Platforms Does E8 Funding Allow In Trading?
The E8 Funding program allows their prop traders to trade on two platforms, namely the Meta trader 4 (MT4) and the Meta Trader 5 (MT5).
The program has its own e8 MT4 server where all its trades are executed with its tier-1 liquidity.
Also, the supported trading instruments in the program, such as forex pairs, indices, and cryptocurrencies, are available on the two platforms.
What Makes E8 Funding Unique From Other Prop Firms?
The unique feature of the e8 Funding prop firm is that it offers three funding programs instead of one.
The funding programs e8 evaluation, ELEV8, and the E8 Track program accounts provide up to three options to choose from when making decisions.
Besides, the E8 Funding program has no restrictions on your trading styles, allowing you to trade during news, over the weekends, and overnight.
What is the difference between the e8 evaluation and e8 Track accounts?
The e8 Track Account program has up to three phases with lower entry costs, while the E8 evaluation includes an evaluation phase.
The additional evaluation phase in the e8 evaluation program is the only remarkable difference available between the two programs.
Thank you for reading my e8 Funding Prop Firm Review.
Let me know if you have an addition in the comment section below.