E8 Funding is a forex prop firm with an attractive Two-step challenge. They offer up to $200,000 in funding to traders.
E8 Funding is a forex prop firm with an attractive Two-step challenge. They offer up to $200,000 in funding to traders.
E8 Funding, officially known as E8 Funding LLC, was founded on November 5, 2021, as a proprietary trading company. The firm’s main office is at 100 Crescent Ct, Unit 700, Dallas, TX 75201, United States. Additionally, the company has a branch in Prague, Czech Republic.
E8 Funding, under the guidance of CEO Dylan Elchami, partners with Purple Trading Seychelles as its broker, providing traders with the option to choose between two evaluation paths: a two-step and a three-step evaluation method.
The company is dedicated to promoting the achievement of traders in their professional endeavors, prioritizing attributes such as self-control, efficient risk mitigation, and a dedication to sustained performance over time from its customers.
Traders at E8 Funding have the potential to earn significant gains, with the ability to control account sizes of up to $200,000 and receive 80% of the profits. This is achieved by trading a wide variety of financial products, such as FX pairs, commodities, indexes, and cryptocurrencies.
Dylan Elchami, the innovative creator of E8 Funding, aimed to establish an exceptional and easily available avenue for individuals over the globe to convert into professionally financed traders, overseeing funds from any geographical location.
Not only did he achieve this ambition, but he also remains committed to improving the services and terms provided by E8 Funding, continually drawing an increasing number of traders to join his private trading firm.
Elchami’s primary focus in the sector is his dedication to streamlining the trading process for individuals. This entails cultivating strategic alliances and providing state-of-the-art IT solutions for an excellent trading experience. To accomplish this, he retains an internal staff of engineers who work assiduously to deliver optimal assistance consistently.
To stay updated on Dylan Elchami’s activities, individuals can choose to follow him on LinkedIn.
E8 Funding offers its traders two distinct funding program choices:
E8 Account
The E8 Account provided by E8 Funding allows traders to manage accounts ranging from $25,000 to $200,000 in size. The goal is to identify proficient traders who exhibit profitability and efficient risk management throughout the two-stage evaluation process. The E8 Account offers traders the opportunity to trade with leverage of up to 1:50. Additionally, traders have the freedom to choose their desired account funding currency from USD, EUR, and GBP.
Account Size | Price |
$25,000 | $228 |
$50,000 | $338 |
$100,000 | $588 |
$200,000 | $988 |
Traders must meet an 8% profit goal during the initial evaluation phase while ensuring they do not over the 5% limit for daily losses or the 8% limit for overall losses. There are no explicit criteria for the minimum or maximum number of trading days during this phase.
Progressing to phase two is dependent on achieving the 8% profit objective while adhering to the daily loss and maximum loss regulations.
During the second evaluation phase, traders strive to achieve a profit target of 5% while strictly following the criteria of a maximum daily loss of 5% and a maximum loss of 8%. Like phase one, there are no specified minimum or maximum trading day criteria.
To attain funded status, one must meet the 5% profit objective while staying under the prescribed daily or maximum loss thresholds.
Traders who complete both evaluation steps will receive a funded account without any requirements to withdraw a minimum amount. Traders are required to strictly follow the restrictions of a maximum daily loss of 5% and a maximum loss of 8%. The first payout is made 8 calendar days after initiating the first transaction on the funded account, and future withdrawals are allowed every two weeks.
Traders are entitled to an 80% profit division, which is determined by the profits made in the funded account. It is crucial to acknowledge that the maximum loss rule escalates by an increment of +1% following each successful withdrawal, reaching a maximum threshold of 14%.
E8 Account Scaling Plan
The E8 Account offers a scaling strategy that allows traders to increase the size of their accounts by requesting a profit split after each trading period. E8 Funding offers an 80% profit-sharing arrangement, where the generated profit is added to the account balance before withdrawal, thus increasing the size of the account.
For example, if traders engage in trading with a $200,000 account and generate a profit of $20,000, their account balance will increase to $220,000. After requesting a division of profits, traders are given a payment of $16,000, which represents 80% of the total profit of $20,000. This enables them to carry on trading with a higher balance of $220,000.
The E8 Track provided by E8 Funding allows traders to monitor account sizes ranging from $25,000 to $200,000. The goal is to identify proficient traders who exhibit profitability and efficient risk management during the three-stage evaluation period. The E8 Track platform allows traders to participate in trading with leverage of up to 1:50. Additionally, traders have the option to choose their desired account funding currency from USD, EUR, and GBP.
Account Size | Price |
$25,000 | $138 |
$50,000 | $208 |
$100,000 | $358 |
$200,000 | $598 |
During the initial review phase, traders strive to attain an 8% profit objective while ensuring they do not over the 5% limit for daily losses or violate the 8% maximum loss regulations.
There are no specific standards for the minimum or maximum number of trading days during this phase. To advance to phase two, one must achieve the 8% profit objective while adhering to the prescribed daily and maximum loss thresholds.
The second evaluation phase requires a profit target of 5%, along with the same restrictions of a maximum daily loss of 5% and a maximum loss of 8%. Similar to phase one, there are no specific minimum or maximum trading day prerequisites.
To obtain the funded status, one must meet the 5% profit goal while staying under the prescribed daily or maximum loss limits.
Similarly, during the third assessment phase, traders aim to achieve a 5% profit while ensuring that they do not exceed the 5% maximum daily loss or the 8% maximum loss restrictions. There are no specified minimum or maximum trading day requirements. The crucial factor for advancing to funded status is achieving a 5% profit target.
Traders who complete all three assessment steps will be rewarded with a funded account that has no minimum withdrawal limits. Traders are required to strictly follow the restrictions that limit the maximum daily loss to 5% and the maximum loss to 8%.
The first payout is issued after eight consecutive days from the placement of the initial position on the funded account, and future withdrawals are allowed every two weeks.
Traders are entitled to an 80% share of the earnings made in the funded account. Crucially, the maximum loss rule escalates by an increment of +1% following each successful withdrawal, reaching a maximum threshold of 14%.
E8 Track Scaling Plan
The E8 Track provides a scaling strategy that allows traders to increase the balance of their accounts by requesting an 80% profit split after each trading period.
For example, if traders are engaged in trading with an account balance of $200,000 and generate a profit of 10% ($20,000), their total balance increases to $220,000. After requesting a division of profits, they are given a payment of $16,000, which represents 80% of the total profit earned. Additionally, their trading account is augmented to a total of $220,000 to support ongoing trading activities.
E8 Track Trading Rules & Objectives
When searching for proprietary trading firms that match the forex trading style, it is essential to evaluate their trading requirements to determine their feasibility. While a firm may seem attractive due to offering a high-profit split on a well-funded account, it may not be practical if it requires significant monthly gains with minimal drawdown percentages, which can make success less likely.
It is also important to consider time constraints, with an unlimited trading period being more advantageous as it eliminates the pressure associated with time limitations. Lastly, it is crucial to familiarize yourself with all trading rules during the evaluation and funding stages to minimize the risk of inadvertently violating the trading account terms.
After considering all factors, E8 Funding is highly recommended because of the two unique funding programs available. These programs feature a two-step or three-step evaluation, with realistic trading objectives and conditions for qualifying for payouts.
E8 Funding collaborates with Purple Trading Seychelles, serving as their broker. Purple Trading Seychelles aspires to transcend the role of a mere broker. Their goal is to offer advantageous trading circumstances, state-of-the-art technologies, and, above all, to foster a partnership where traders perceive them as their equal counterparts.
They strongly hold the belief that this approach is crucial for achieving success in the ever-changing environment of financial markets. To acquire comprehensive information about Purple Trading Seychelles, we recommend perusing our detailed evaluation.
When using E8 Funding, traders have the option to trade on either MetaTrader 4 or MetaTrader 5 trading platforms.
Trading Instrument | Commission Fee |
Forex | 3 USD / LOT |
Commodities | 3 USD / LOT |
Indices | 3 USD / LOT |
Crypto | 3 USD / LOT |
Education
E8 Funding offers its audience a comprehensive E8 Blog featuring instructional content across six distinct categories:
E8 Funding is an exclusive proprietary trading organization that offers its traders a complimentary trial option. This function enables traders to familiarize themselves with the trading conditions of the platform and adjust to them more effectively, hence decreasing the probability of errors when they ultimately choose one of the two evaluation programs offered.
In addition, E8 Funding provides a trader dashboard that is meticulously created and available to all clients. This dashboard facilitates risk management by offering uninterrupted access to comprehensive facts and objectives. It guarantees continuous updates every minute throughout the day, therefore improving the overall user experience.
E8 Funding, founded on November 5, 2021, functions as a proprietary trading firm that supports a successful group of traders who have achieved funded status, making them eligible for a profit-sharing agreement.
Once participants achieve funded status through either the E8 Account or the E8 Track with E8 Funding, they become eligible for their initial reward after 8 days. After the initial payout, participants become eligible for subsequent rewards every 14 calendar days, on the condition that they surpass their initial account amount. The profit share is significant at 80%, determined by the profit made from the financed account.
Those who wish to verify E8 Funding’s payment reliability can find testimonials and payment proofs on several platforms. Significantly, Trustpilot includes feedback from traders who share their experiences with the company, providing specific information about the effective reception of payments.
Furthermore, E8 Funding’s Telegram channel functions as an additional means of providing evidence of payment, showcasing multiple payout certificates from their highly skilled traders.
Visual representations of Payout Certificates and Payment Proof are displayed in the accompanying photographs.
E8 Funding is also available on several social media channels.
E8 Funding’s Facebook page, with a substantial following of 1.3k users, stands out as an informative and captivating hub. The page features seven thoughtfully curated videos, making it a valuable asset for traders at any expertise level. Whether users are seeking educational content or a glimpse into the intricacies of the trading realm, E8 Funding’s YouTube channel adds a visual dimension to its array of offerings.
E8 Funding has built a lively community of 17.7k followers on Twitter. This platform provides real-time updates, breaking news, and interactive discussions for traders. By following E8 Funding on Twitter, traders can stay informed about the latest developments and engage in meaningful conversations with like-minded individuals. It’s a valuable resource for anyone interested in trading.
E8 Funding has a growing presence on Instagram, with a total of 30.7k followers. This platform delivers a visually immersive experience into the realm of trading, offering a distinctive viewpoint on the company’s actions and accomplishments. It serves as a catalyst for traders’ creativity and a means of maintaining a sense of community.
E8 Funding has a YouTube channel that is both instructive and engaging, with a subscriber count of 20.7k. This channel contains six uploaded videos, making it an excellent resource for traders at all skill levels. The YouTube channel enhances E8 Funding’s products by providing instructional content and insights into the trading industry in a visually engaging manner.
Live Chat | Yes |
[email protected] | |
Phone | No |
Discord | No |
Telegram | Telegram Link |
FAQ | E8 Account FAQ LinkE8 Track FAQ Link |
Help Center | Help Center Link |
No | |
Messenger | No |
Supported Languages | English |
Account Opening Process at E8 Funding:
E8 Funding provides two distinct types of trading accounts: a two-step evaluation and a three-step evaluation. The platform offers advantageous features such as drawdown scaling, unlimited trading periods, the ability to make an initial withdrawal after 8 calendar days, and a cost-efficient E8 Track evaluation.
The E8 Account is the primary product provided by E8 Funding, and it undergoes a two-step evaluation procedure. Traders must effectively travel through two stages before becoming eligible to receive payments.
Phase one necessitates achieving an 8% profit, whereas phase two strives for a 5% profit, with the condition that daily losses should not exceed 5% and the maximum allowable loss should not exceed 8%.
It is crucial to note that there are no defined criteria for the minimum or maximum number of trading days during either of the evaluation phases.
The distinguishing feature of the E8 Account is its scaling strategy, which enables traders to properly handle greater account sizes. The E8 Account sets itself apart from other funding programs in the industry by its unique features, including an indefinite trading time, a drawdown scaling account feature, and the ability for traders to initiate their initial withdrawal after a mere 8 calendar days.
FOR INSTANCE- Comparison between E8 Funding and Finotive Funding
Trading Objectives | E8 Funding | Finotive Funding |
Phase 1 Profit Target | 8% | 7.5% |
Phase 2 Profit Target | 5% | 5% |
Maximum Daily Loss | 5% | 5% |
Maximum Loss | 8% (Scaleable up to 14%) | 10% |
Minimum Trading Days | No Minimum Trading Days | No Minimum Trading Days |
Maximum Trading Period | Phase 1: UnlimitedPhase 2: Unlimited | Phase 1: UnlimitedPhase 2: Unlimited |
Profit Split | 80% | 75% up to 95% |
Trustpilot:
E8 Funding has achieved a high rating on Trustpilot, as evidenced by the positive feedback from their community.
E8 Funding has garnered a diverse range of comments and good feedback from their community on Trustpilot, namely on their firm offerings. The company has obtained a commendable rating of 4.7 out of 5 based on a significant sample size of 1,464 reviews. Significantly, 91% of these reviews have bestowed upon E8 Funding the highest rating of 5 stars.
#1. According to Jamal, a trader, he stated that E8funding is the most exceptional organization. Enhanced assistance. The website and programs are of exceptional quality. Efficient and expedited payout procedure. Simply put, there is always valuable assistance available.
He received my initial payment without any problems. He expresses optimism about receiving additional payments in the future. Furthermore, he extends an invitation to all readers of my comment to join this exceptional company, which is actively seeking dedicated and skilled individuals to join their professional proprietary corporation.
#2. According to Hoang Hai’s statement, he mentioned that he has not yet reached the E8 level. E8 performs admirably in all aspects. During times of significant news, the performance of E8 is consistently stable.
The spreads are satisfactory. One area where e8 falls short is in its transaction fee, as well as its swap and online assistance, which are notably lacking. The specified apps, such as Telegram, lack live chat functionality and exhibit a significant delay in response times. E8 Funding, on the other hand, is very demanding and promptly addresses comprehensive instructions.
He perceives the collaboration with a focus on marketability. Ecstatic. He believes that E8 will consistently maintain this spirit and continue to expand and progress.
#3. Jomar Sarmiento praised E8Funding for its exceptional dashboard, competitive pricing for challenges, and the option to withdraw funds after 8 days from the funding date. Their services are satisfactory but might benefit from improved responsiveness, rendering them rather unreliable in urgent situations, since it may take several hours to a full day to receive a response.
Furthermore, the trade execution is subpar, as the entries are positioned at a greater distance than the real spreads provided. Overall, he believes that they are satisfactory, but some areas might be enhanced, particularly in terms of achieving greater execution. In addition to this, it may be advisable to seek out an alternative proprietary trading firm that may offer a superior trading experience.
#4. According to Qq.com, the customer faces significant delays in problem resolution with E8 Funding as they can only leave messages for the customer service manager, which takes hours. The market’s volatility requires real-time communication, but the current email-based process prolongs issue resolution.
The customer hopes for improvements in responsiveness, especially given the 24-hour nature of the foreign exchange trading market. Delays, like the recent 7-8 hour disconnection, can lead to uncontrollable situations.
#5. Vigan B. Morina warned people not to trust this particular company. Although the support experiences at the beginning were positive, the company reportedly tried to find reasons to withhold payouts. Morina gave an example of trading XAU/USD or EUR/USD, which is called Copy Trading because of its similarity to other strategies, resulting in a ban for both parties. This led to a double denial of payouts.
To summarize, E8 Funding is a well-regarded proprietary trading firm that provides two financing programs: the E8 Account, which involves a two-step evaluation with achievable profit targets of 8% and 5%, along the E8 Track, which involves a three-step examination with additional profit targets. Both algorithms adhere to a 5% daily and 8% maximum loss rule, ensuring a well-balanced trading strategy.
Traders have the freedom to be flexible throughout evaluation phases as there are no time limits. The E8 Account & E8 Track offer a scaling plan to increase the initial account balances.
E8 Funding distinguishes itself by its notable attributes such as the ability to adjust the amount of funds withdrawn, and unrestricted trade durations. It is strongly advised for traders from various backgrounds around the globe.