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 âScotch and Sausageâ, Partner at âStatera Real Estate Developmentâ and President of âLuxury Foreign Exoticsâ.
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 7Â 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
Match-Trader offers an ecosystem developed to optimize the performance of various trading tools. Key components include the Match-Trader trading platform, which is a standalone, modern trading platform designed with traders in mind and a mobile-first approach. It utilizes progressive web application technology to adapt to modern investment needs, helping Forex brokers and Prop firms enter or expand in the Forex market.
The system includes comprehensive solutions such as the Client Office app for traders, CRM for Forex brokers, and the newly developed Turnkey Prop Trading solution. This solution offers challenge-based trading and a management system for handling funded accounts. An internally developed blockchain-based payment platform facilitates settlements between brokers and traders. The system also provides ultra-fast data transmission and multi-asset liquidity through its strategic partner, Match-Prime Liquidity, which is regulated by CySEC.
The proprietary trading server is offered either as a full license or White Label, allowing for branding flexibility, adherence to the highest security standards, and demonstrated high processing efficiency. Match-Trader does not have any reviews on Trustpilot.
Platforms
E8 Markets offers trading on the MetaTrader 5, Match-Trader and cTrader platforms.
Leverage
The leverage size offered by the E8 prop-trading firm is:
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
The first withdrawal is possible on a funded account after 8 calendar days (8 days from the first day of the first transaction). All subsequent withdrawals can be made within 14 days. You can see the current eligibility day for withdrawal in the E8X control panel.
Withdrawals are processed within 2-5 business days. You can receive your earnings via Plane.com or through a standard bank transfer. E8 Markets does not charge any commissions for withdrawals. However, the payment processing entity may charge fees. Once the contract is approved, you will receive an email informing you that you can trade again, but remember to maintain the current balance, which is set as the scaled balance thanks to the scaling program after the withdrawal. You do not need to achieve a minimum profit to receive an 80% share. Regardless of the amount of profit you generate, 80% will be paid out to you.
E8 Markets has good reviews regarding payments and withdrawals. There are occasional individual issues with payment verification or withdrawal timing.
E8 Markets Support Timings – Monday to Friday – 4 AM to 4 PMCST, Weekends – 8 AM to 1 PM CST.
Email Support
You can contact E8 via email. Support responses are relevant, but sometimes too general and incomplete. The response time for this form of communication is about several hours, so it is recommended to use Live Chat for faster and more detailed assistance by elaborating the conversation with additional questions.
Live Chat Support
E8 Markets recommends using their live chat as the primary means of communication. The team of experts is available on live chat and strives to respond to all questions and reports, providing quick and efficient customer service. To connect with the chat, you need to provide an email address. Responses from the chat will also be sent to the provided address. After contacting support, a chatbot appears with frequently asked questions and information that the estimated waiting time is below 10-15 minutes, depending on the day. The actual waiting time ranges from 5-30 minutes. The median response time, calculated based on conversations, is 10 minutes. The responses are knowledgeable. This is the fastest form of support and solving any problems that may arise.
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.Â
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.
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:
Efficient and Responsive Support: The frequent commendations for quick and effective support are likely a significant contributor to the high overall rating. The ability to solve problems swiftly and competently is a hallmark of good customer service.
Professional and Friendly Staff: The professionalism and friendliness of the customer support team enhance user experience, contributing positively to the overall perception of the company.
Reliable Financial Transactions: The reliability in processing payouts and financial transactions likely boosts customer confidence and satisfaction, reflected in the high rating.
Loyalty and Recommendations: The high rate of recommendations and loyalty from existing customers indicate a strong trust in the company and its support system.
Continuous Improvement and Adaptability: Efforts to continuously improve the service, including customer support, align with the high rating, suggesting that the company is responsive to customer needs and evolving market demands.
Negative Aspects Impacting the Rating:
Issues with Payouts and Transparency: Delayed or denied payouts and lack of transparent communication, as highlighted in negative reviews, are critical areas impacting customer satisfaction and could be a factor in lowering the overall rating.
Technical and Platform-Related Issues: Complaints about trade execution and platform issues, though less frequent, still impact the overall perception of the company, particularly among affected users.
Inconsistencies in Service Quality: Varied experiences with customer support, as indicated in some negative reviews, suggest that while many customers are satisfied, a segment feels underserved or unfairly treated.
Limited Engagement with Negative Reviews: While E8 Markets has responded to a portion of negative reviews, the engagement rate (37%) suggests there is room for improvement in addressing customer concerns more comprehensively.
Process: Interested individuals can easily create an account with E8 Markets.
Trial Account Feature: E8 Markets provides a âtry before you buyâ 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
The website features a calendar with events. It provides the ability to filter by days, the significance level of events, and currencies. This allows for quick filtering, enabling users to select the events they are interested in. It is a main tool for proprietary trading.
News Feed
The E8 platform offers a “News Feed” tab. It contains financial news from around the world. Every day, several to a dozen news items appear, providing interested individuals with access to a large amount of information.
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.