Written by IVAN S.
Fact checked by CEZARY J.

E8 Markets

A reputable Prop Trading firm, present in the market since 2021 and ranking among the most recognizable brands in the industry.
BEST SCALING PLAN
4.53
Overall score
E8 Markets Introduction

E8 Markets, based in Dallas, Texas, USA since November 2021, with a Prague office, specializes in funding traders. They offer one, two and three-phase challenges that provide a unique way for traders to modify their challenge by allowing them to customize almost all of the key challenge conditions. Traders can deal in currencies, metals, oil, and indices, trading 24/5 and cryptocurrencies 7 days a week.

E8 utilizes a tier 1 liquidity provider, maintaining decent spreads and offers trading on MetaTrader 5, Match-Trader and cTrader platforms, with average spread values for various instruments. The company accepts payments via cards and cryptocurrencies, with a fee refund on the first withdrawal. Customer service is accessible via email, live chat, and social media.

E8 has a help center with articles on various topics, and its website features a user-friendly interface. The company is active on various social media platforms, offers discounts and bonuses for the first purchase, and the affiliate program. Customer reviews are generally positive, but there are also negative remarks about spreads and customer service.

E8 stands out for its stability, which makes it trustworthy. The company regularly updates its services, adapting to changing market conditions and client needs, demonstrating a dynamic business approach. This makes E8 perceived as a solid and trustworthy investment partner.

Ability to adjust account parameters
Variety of Challenges
Maximum sum of funds: Up to $400,000 in total
E8 Account Challenges are above the market average
No Refundable Fee
Some concerns about spreads and service.
Company Profile

E8 Markets (E8 Markets, LLC)

Location of Operations:

United States Office: Dallas, Texas

European Office: Prague, Czech Republic

Company Info:

Texas Tax ID: 32079163724

Registration Date: 05/11/2021

Organizational Type: TEXAS LIMITED LIABILITY COMPANY

Restricted countries: Crimea, Luhansk, Donetsk regions of Ukraine, Cuba, Iran, North Korea, Syria, Venezuela, Russia, Belarus

CEO of E8 Markets: Dylan Elchami is the Chief Executive Officer & Co-Founder of E8 Markets. He previously was Partner at “Scotch and Sausage”, Partner at “Statera Real Estate Development” and President of “Luxury Foreign Exotics”.
LinkedIn: https://www.linkedin.com/in/dylan-elchami-a198b4130

Key information
Overall score
4.53
Challenge fees
2.2
Challenge difficulty
4.05
Dashboard UX
3.7
Commision & spread
3.1
Scaling plan
5.0
2-phase Challenge
Challenge name E8 Account
$100k Challenge Fee $650 (after discount)
FX leverage 1:50
EA trading Yes
News trading No (allowed on evaluation phases)
Weekend holding Yes
Phase 1
Trading period
UNLIMITED
Min. trading days
1
Profit target
10%
Maximum loss
10%
Maximum daily loss
5%
Phase 2
Trading period
UNLIMITED
Min. trading days
1
Profit target
5%
Maximum loss
10%
Maximum daily loss
5%
Payout
Profit split
80/20%
First withdrawal
8 days
Min. days to payout
14
Refundable Fee
5 % payout bonus for the first payout
E8 Markets in detail
Challenge type

E8 Pro Account

The E8 Pro Account challenge involves one phases to qualify for a proprietary trading funded account. Investors can choose four account sizes. The maximum total funds available per account is $200,000.

Phase one requires an 8% profit with, daily pause allowance 2%, overall drawdown 8%. Daily profit cap on Pro Account is 2%. There are also no limits regarding the maximum number of trading days. The minimum number of trading days is 1.

E8 Pro Account has innovative features such as:

  • 2% Daily Pause: This feature prevents traders from violating the program rules by stopping trading activity when a 2% daily drawdown is reached, thereby protecting any existing profits and allowing traders to resume the next day with a fresh perspective.
  • Daily Profit Cap: A cap of 2% daily profit is set to discourage risky behaviors and ensure traders aim for steady, sustainable gains.

E8 offers a 5 % payout bonus for the first payout. The company does not offer a bonus in the form of refunding the subscription fee with first payout share. The first withdrawal possible after 7 days. Subsequent withdrawals can be made every week, and the profit split is 80/20.

Requires passing through 1 phase
Phase 1: Requires achieving an 8% profit without a time limit
Possibility of the first withdrawal 7 days after the first trade and subsequent withdrawals every week
Conditions: Daily Profit Cap 2%
Maximum sum of funds: Up to $200,000 in total
No Refundable Fee
Trading overnight Yes
Trading during weekends Yes
News Trading No (allowed on evaluation phases)
EA Trading Yes
Cryptocurrencies Yes

E8 One Account

The E8 One challenge involves one phase to qualify for a proprietary trading funded account. Investors can choose the account size in the range $5,000-$400,000. The maximum total funds available per account is $400,000.

Phase one requires achieving a profit in the range of 10-23,2%, with a daily drawdown of 4-9,2% and an overall drawdown not exceeding 6-14%, depending on the trader’s choice. There are also no limits regarding the maximum number of trading days. The minimum number of trading days is 1.

E8 offers a 5 % payout bonus for the first payout. The company does not offer a bonus in the form of refunding the subscription fee with first payout share. The first withdrawal possible after 8 days. Subsequent withdrawals can be made every two weeks. The Profit Split is available in the range of 40/60 – 100/0. The E8 One does not have the ability to scale your account.

Requires passing through 1 phase
Possibility to adjust challenge parameters to your preferences
Maximum sum of funds: Up to $400,000 in total
Available only on the Match-Trader platform
No Scaling Plan
No Refundable Fee
Trading overnight Yes
Trading during weekends Yes
News Trading No (allowed on evaluation phases)
EA Trading Yes
Cryptocurrencies Yes

E8 – 2 Step Evolution

The E8 – 2 Step challenge involves two phases to qualify for a proprietary trading funded account. Investors can choose the account size in the range $5,000-$100,000. The maximum total funds available per account is $400,000.

Phase one requires achieving a profit in the range of 6-14%, with a daily drawdown of 3-7% and an overall drawdown not exceeding 6-14%, depending on the trader’s choice. There are also no limits regarding the maximum number of trading days. The minimum number of trading days is 1.

Phase two involves a 3-7% profit with similar drawdown conditions. The funded account phase has no specific profit targets, daily drawdown 3-7%, overall drawdown 6-14%. The minimum number of trading days is 1.

E8 offers a 5 % payout bonus for the first payout. The company does not offer a bonus in the form of refunding the subscription fee with first payout share. The first withdrawal possible after 8 days. Subsequent withdrawals can be made every two weeks. The Profit Split is available in the range of 40/60 – 100/0.

Phase 1 and Phase 2: Possibility to adjust challenge parameters to your preferences
Possibility of the first withdrawal 8 days after the first trade and subsequent withdrawals every 2 weeks
Maximum sum of funds: Up to $400,000 in total
The maximum account size is only $100,000
No Refundable Fee
Trading overnight Yes
Trading during weekends Yes
News Trading No (allowed on evaluation phases)
EA Trading Yes
Cryptocurrencies Yes

E8 Track

The E8 Track challenge involves three phases to qualify for a proprietary trading funded account. Investors can choose the account size in the range $10,000-$400,000. The maximum total funds available per account is $400,000.

Phase one requires achieving a profit in the range of 6-14%, with a daily drawdown of 3-7% and an overall drawdown not exceeding 6-14%, depending on the trader’s choice. There are also no limits regarding the maximum number of trading days. The minimum number of trading days is 1.

Phase two and three involves a 3-7% profit with similar drawdown conditions. The funded account phase has no specific profit targets, daily drawdown 3-7%, overall drawdown 6-14%. The minimum number of trading days is 1.

E8 offers a 5 % payout bonus for the first payout. The company does not offer a bonus in the form of refunding the subscription fee with first payout share. The first withdrawal possible after 8 days. Subsequent withdrawals can be made every two weeks. The Profit Split is available in the range of 40/60 – 100/0.

Phase 1, 2, 3: Possibility to adjust challenge parameters to your preferences.
A program designed for traders seeking challenges with a lower entry cost
Possibility of the first withdrawal 8 days after the first trade and subsequent withdrawals every 2 weeks
Maximum sum of funds: Up to $400,000 in total.
Requires passing through 3 phases
No Refundable Fee
Trading overnight Yes
Trading during weekends Yes
News Trading No (allowed on evaluation phases)
EA Trading Yes
Cryptocurrencies Yes

E8 Track 1:1

The E8 Track 1:1 challenge requires passing through 3 phases to receive a funded account. It purchase is only possible in dollars. Traders can choose the account size in the range $10,000-$400,000. The maximum total funds available per account is $400,000.

E8 Track 1:1 offers accounts with the same Profit Target, Daily Drawdown, and Maximum Drawdown.

Phase one, two and three requires achieving a profit in the range of 3-8%, with a daily drawdown of 3-8% and an overall drawdown not exceeding 3-8%, depending on the trader’s choice. There are also no limits regarding the maximum number of trading days. The minimum number of trading days is 1.

E8 offers a 5 % payout bonus for the first payout. The company does not offer a bonus in the form of refunding the subscription fee with first payout share. The first withdrawal possible after 8 days. Subsequent withdrawals can be made every two weeks. The Profit Split is available in the range of 40/60 – 100/0.

Phase 1, phase 2 and phase 3: Possibility to adjust challenge parameters to your preferences
Possibility of the first withdrawal 8 days after the first trade and subsequent withdrawals every 2 weeks
Maximum sum of funds: Up to $400,000 in total
Requires passing through 3 phases
No Refundable Fee
Trading overnight Yes
Trading during weekends Yes
News Trading No (allowed on evaluation phases)
EA Trading Yes
Cryptocurrencies Yes
Scaling Plan
5

In E8, all accounts except E8 One can be scaled. Account scaling is possible with each payout. The account increases by the amount of the payout.

Example: Your account grew from $100,000 to $105,000, and you withdrew $5,000. Your account balance does not revert to $100,000 but remains at $105,000 and becomes your initial balance. If your account grows again from $105,000 to $110,000 and you decide to withdraw another $5,000, your initial balance will increase to $110,000 after the withdrawal. And so on with each subsequent withdrawal. In E8, there is no limit to account scaling.

Challenge fees
2.2

Comparison of Direct Challenge Costs

We compare the direct costs of participating in the challenge offered by E8 Markets – E8 Account Challenge with the average market costs. This analysis enables understanding of how E8 Markets fares against its competitors in terms of pricing. The costs for the challenge at E8 Markets for the E8 Account Challenges are above the market average.

*The price includes a discount available on the website.

Challenge Size Market Average Price Challenge Price Difference
10 000$ 108$ 121$* +13$
25 000$ 209$ 252$* +43$
50 000$ 310$ 373$* +63$
100 000$ 515$ 649$* +134$
200 000$ 969$ 1091$* +122$

Comparison of Costs Relative to Drawdown

It is important to note that the size of drawdown has a significant impact on what we actually receive for the money spent. The E8 – 2 Step Account Challenge has a drawdown at the level of 10%. Therefore, we additionally compare how much drawdown we receive in relation to the dollar spent.

Challenge Size Market Average Price [Drawdown$/$] Challenge Price [Drawdown$/$] Difference [Drawdown$/$]
10 000$ 8,6 6,6 -2,0
25 000$ 11,4 7,9 -3,5
50 000$ 15,4 10,7 -4,7
100 000$ 18,5 12,3 -6,2
200 000$ 20,4 14,7 -5,7

Evaluation of the Cost-Effectiveness of the E8 Account Challenge

Based on the above data, as well as algorithms we have developed, we assess the cost-effectiveness of purchasing the E8 Account Challenge as poor compared to the market average. The direct costs are above the market average, the expenditure efficiency in the context of drawdown indicates a poorer cost-effectiveness of the E8 Markets offer.

Assets

Forex

USD/JPY AUD/CAD AUD/CHF AUD/JPY AUD/NZD
AUD/USD CAD/CHF CAD/JPY CHF/JPY EUR/AUD
EUR/CAD GBP/CHF GBP/JPY GBP/NZD GBP/USD
NZD/CAD NZD/CHF NZD/JPY NZD/USD USD/CAD
USD/CHF EUR/CHF EUR/GBP EUR/JPY EUR/NZD
EUR/USD GBP/AUD GBP/CAD

Precious Metals and Oil

XAG/USD XAU/USD WTI

Cryptocurrencies

BTC/USD DASH/USD ETH/USD LTC/USD XRP/USD

Indices

BTC/USD DASH/USD ETH/USD LTC/USD XRP/USD
XMR/USD NEO/USD ADA/USD DOGE/USD

Indices

EU50 GER40 US100 US30 US500

Shares

META AAPL NFLX TSLA
UX Rating
3.7

E8 Markets website provides a solid foundation for presenting its services and facilitating user interactions. Information on the company’s prop trading program, trading challenges, and performance-based capital allocation model is easily accessible. While the trading platform is functional, a more intuitive interface and advanced features would better serve experienced traders. The website could also benefit from more detailed explanations of the program’s structure and terms. A clearer and more prominently highlighted CTA could potentially increase conversions. Additionally, incorporating user feedback mechanisms and interactive elements could further enrich the user experience, making it more engaging and informative.

Trading conditions

Server Provider

E8 Markets uses Virtual Markets and Match-Trader as liquidity provider.

Virtual Markets

E8 uses the services of a liquidity provider, which grants them access to the market, enabling investors to trade. The technical solution offered for platforms and data channels is provided by Virtual Markets. It is a fin-tech brokerage startup, specializing in B2B services and paper trading accounts, offering technical solutions for platforms and data channels. It provides brokerage solutions mainly for corporate clients, with a range of CFD instruments and advanced trading tools. Registered in Saint Lucia in 2023, it aims for superior spreads, execution, and service to enhance trading experiences for corporate and institutional clients.

Virtual Markets does not have ratings on trustpilot or other such customer review sites.

Match-Trader

Read more
Deposits and Withdrawals

Deposits

E8 Markets accepts all major credit, bank, and cryptocurrency cards. Once you make a payment, you will immediately gain access to your account. The cards supported by E8 include Mastercard, Visa, and Discover. E8 accepts cryptocurrencies like:

Polygon USD Coin Polygon WrappedEther ApeCoin Bitcoin Polygon Matic
Dogecoin Ethereum Litecoin Shiba Inu Bitcoin Cash
USD Coin Tether Dai

Withdrawals

Read more

 

Support

E8 provides customer support through email and live chat. Below is a list of available channels:

  • Physical Office Address – 100 Crescent Ct, Unit 700, Dallas, TX, 75201, United States
  • Email ID – support@e8markets.com
  • Live Chat – Directly available from the site
  • Help Centerhttps://help.e8funding.com

E8 Markets Support TimingsMonday to Friday – 4 AM to 4 PM CST, Weekends – 8 AM to 1 PM CST.

Email Support

Read more

 

Social Media and Communication

E8 Markets maintains a presence on various social media platforms, primarily using these channels for one-way communication, with sporadic instances of user queries being addressed. The frequency and content of posts vary across these platforms:

The Facebook page includes a variety of posts, mainly consisting of announcements and promotional content. While the page audience appears relatively inactive, the administration does respond to questions on occasion.
Facebook Group (https://www.facebook.com/groups/563971511337932): This group is dedicated to sharing posts related to E8 Markets among traders.

X content includes news, promotional material, announcements, inspirational quotes, and occasional reposts of users’ achievements on the E8 Platform.

Instagram is utilized for sharing news, promos, and announcements through regular posts. Stories on this platform often include information about payouts, reviews, and updates.

Discord server is a rich source of information, offering event announcements, community chats, trading discussions, and various promotions. 

YouTube channel is currently noted as empty.

Telegram is channel predominantly features news, promotional content, and announcements. Additionally, it occasionally reposts users’ achievements from the E8 Platform.

TikTok page includes promotional materials, announcements and educational content.

It should be noted that the posting frequency on these platforms can range from one post per month to multiple posts per day. The content typically comprises monthly reports, promotional codes, and significant updates about the platform.

Engagement rate in social media:

Platform Followers Engagement Rate
Facebook 1500 0,83
X 20100 1,19
Instagram 32220 0,59
Youtube 2280 13,05
Client Reviews Summary
4.7
Review platform Rating Number of reviews
Trustpilot 4.7 1700
Trustindex 4.7 873
Reviews.io 4.3 19

With an overall rating of 4.7 out of 5, E8 Markets demonstrates a predominantly positive reception among its user base, reflecting well on various aspects of its operations, including customer support. This high rating suggests that the positive experiences significantly outweigh the negative ones for the majority of users.

 

Positive Contributions to High Rating:

Read more
Additional features

Free Trial

Account Registration and Trial Offer:

  • Process: Interested individuals can easily create an account with E8 Markets.
  • Trial Account Feature: E8 Markets provides a “try before you buy” account option, allowing prospective users to experience trading with a simulated $100,000 in a risk-free environment.

Simulated Trading Environment:

  • Platform: The trial takes place on E8 Markets simulated trading accounts, mirroring live market conditions.
  • Access to Features: Users gain full access to the E8X dashboard and all available features during the trial period.

Purpose and Limitations:

  • Educational Evaluation: The trial account is designed to let users test simulated trading conditions similar to those in the educational evaluation phases of E8 Markets programs.
  • Data Retention: It is important to note that any performance data or results generated while using the trial account will not be retained once the trial period ends.

Reward Eligibility: Users utilizing the trial account are not eligible for any payouts from E8 Markets.

Economic Calendar

Read more

 

Summary

E8 is a reputable prop trading company, present in the market since 2021 and ranking among the most recognizable brands in the industry. E8’s portfolio includes one, two and three-phase challenges.

The company stands out with a very good scaling plan. It is also worth highlighting the high ratings on Trustpilot and Trustindex, which further validate E8’s credibility. Among E8’s services is also an effectively functioning support team that provides assistance and delivers necessary information.

However, among the weaker aspects of E8, one must mention the costs of purchasing challenges. Additionally, the spread offered by the company is also at an average level.

In summary, despite some imperfections, E8 is a trustworthy company and offers commendable solutions in the field of prop trading.

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