E8 Markets was established in 2021, aiming to provide Prop trading services on Forex, Indices, Commodities, Crypto, and Metals. Do you need an E8 Funding review covering various aspects of the firm? This E8 Markets review will explore the registration and KYC verification process, account types (1-step, 2-step and 3-step), promotion plans, and more.
E8 Markets; What you need to know
E8Markets, formerly known as E8 Funding, is a proprietary trading firm that's been making waves in the industry since its inception in November 2021. This US-based company, led by CEO Dylan Elchami, has already paid out over $35 million to its community of more than 200,000 traders. But what sets E8Markets apart from other prop firms? Here's a quick rundown of the firm’s key features.
- Virtual capital up to $400,000 to start trading with;
- No minimum or maximum trading days;
- First payout in as little as eight days;
- Ability to scale your account balance up to $1 million.
E8Markets aims to empower traders by providing them the capital, tools, and guidance needed to unlock their full potential and achieve trading success. Whether you're a seasoned pro or just starting, the broker offers a range of account options to suit your needs.
E8 Markets features and specifications
E8 Funding LLC, located in Dallas, Texas, is one of the first Prop firms in the US. The company offers a wide range of features catering to novice and pro traders. 100% profit split, trading competitions, and scaling plans are some of the attractive options the firm has to offer. Here’s a detailed table of E8Markets features and specifications.
Account currency | USD |
Minimum price | $33 |
Maximum leverage | Up to 1:100 |
Maximum profit split | Up to 100% |
Instruments | Forex, Commodities, Indices, Crypto, Metals |
Assets | 40+ |
Evaluation steps | 1-phase, 2-phase, 3-phase |
Withdrawal methods | Bank transfer and crypto via Rise and Plane platforms |
Maximum fund size | Up to $1M |
First profit target | From 6% |
Max. daily loss | Up to 7% |
Challenge time limit | None |
News trading | Prohibited in a 10-minute time frame during news release (only on E8Trader account) |
Maximum total drawdown | Up to 14% |
Trading platforms | MT5, Match Trader |
Commission | $0 for commission-free accounts |
Trust pilot score | 4.7 out of 5 |
Payout frequency | 14 days for the first, then weekly |
Established country | United States |
Established year | 2021 |
E8 Markets Pros & Cons
Knowing positive and negative aspects of E8 Markets before committing to any of the firm’s challenges is crucial. While the firm process payout requests pretty quickly, its 14-days policy is a bit of a letdown. Here are advantages and disadvantages of E8Markets.
Pros | Cons |
Profit split up to 100% | Daily profit caps |
Quick payout process | Maximum drawdown limits |
A one-time fee with no additional costs | Potential account suspension or termination for rule violations |
Scaling up to $1,000,000 | Limited trading platform options |
While the trading rules and restrictions might seem limiting, they're designed to encourage responsible trading and risk management. Successful traders who can navigate these rules stand to benefit significantly from E8Markets' generous profit-sharing model.
E8 Markets prop firm funding & price
E8Markets offers a range of account sizes to suit different trading styles and experience levels. The pricing for these accounts varies depending on the evaluation program you choose (E8 One, E8 One Pro, E8 Classic, E8 Track, or E8 Track 1:1). Each plan has its own set of rules, profit targets, and drawdown limits.
E8Markets' scaling plan is particularly noteworthy. Traders can start with an initial balance of up to $400,000 and scale it up to $1 million. With each profit withdrawal, the account balance increases, and the overall drawdown limit rises by 1% per payout, up to 14%. Here is a general view of E8Markets’ various programs and their prices.
E8 1-Step
You can receive trading funds up to $400,000 only after a 1 step evaluation program. Here are the pricing details of the E8Markets one-phase challenge.
Account size | Pricing (E8 One) | Pricing (E8 One Pro) |
$5,000 | $54 | - |
$10,000 | $99 | $59 |
$25,000 | $211 | $118 |
$50,000 | $323 | $228 |
$100,000 | $547 | $398 |
$200,000 | $894 | $798 |
$400,000 | $1790 | - |
E8 2-Step
There is only a 2-step evaluation plan, known as E8 Classic. This program enables you to receive funds ranging from $5,000 to $100,000. The pricing details of the E8 2-step challenge:
Account size | Pricing (E8 Classic) |
$5,000 | $71 |
$10,000 | $132 |
$25,000 | $274 |
$50,000 | $406 |
$100,000 | $706 |
E8 3-Step
You can also participate in a 3 stage evaluation process in order to hone your skills and gain a better understanding of the market conditions. This program contains two account types with different prices. The cost of the E8 3-step challenge:
Account size | Pricing (E8 Track) | Pricing (E8 Track 1:1) |
$10,000 | $67 | $37 |
$25,000 | $155 | $85 |
$50,000 | $233 | $128 |
$100,000 | $401 | $220 |
$200,000 | $670 | $366 |
$400,000 | $1331 | $728 |
What makes E8Markets different from other Prop firms is its customizable funding plans. You can choose any account balance ranging from $5,000 to $400,000 and the pricing will adjust accordingly. You can also change the profit split rate and drawdown limit.
Opening an account in E8 Markets; How to verify it
The next step in E8 Markets review is checking the registration process. The firm offers a handy dashboard catering to clients’ trading needs. Upon making an account, you’ll get access to the client area and will be able to choose a funding plan and make a payment. To open an E8 Markets account, follow these steps.
- Navigate to the firm’s official website at “e8markets.com”;
- Click on the “E8X Dashboard”;
- Select the “Don’t have an account? Sign up now” option;
- Fill out the register form;
- Click on the “Start Trading” button in the dashboard and choose your preferred plan;
- Complete the evaluation by demonstrating your trading skills;
- Upon successful completion, gain access to an E8 Trader account.
The Prop firm prioritizes security, implementing features like two-factor authentication, SSL encryption, and regular security audits to protect user accounts. Once verified, you can access a funded account. The steps to E8Markets KYC verification:
- Navigate to “User settings” and “Verification” through the E8X dashboard;
- Click on the “Get Verified” option;
- Upload front and back pictures of your ID (e.g. Passport, driver’s license, identification cards);
- ake a selfie;
- Wait for the verification email from E8Markets.
It’s true that you don’t need to verify your identity until reaching the Funded stage, but even before that, you encounter some limitations in payment methods and accessing platforms.
E8 Markets evaluation phase
The Prop firm offers several evaluation accounts to cater to different trader profiles. There are 3 main types, including 1-step, 2-step, and 3-step challenges. Each with its unique features and account types. Here is a list of evaluation plans in E8Markets.
Features | One (1-step) | One Pro (1-step) | Classic (2-step) | Track (3-step) | Track 1:1 (3-step) |
Profit Target | 10% | 8% | 10% - 5% | 8% - 4% - 4% | 5% - 5% - 5% - 5% |
Maximum Daily Loss | 4% - 4% | 2% - 2% | 5% - 5% - 5% | 4% - 4% - 4% - 4% | 5% - 5% - 5% - 5% |
Maximum Overall Loss | 6% - 6% | 8% - 8% | 10% - 10% - 10% | 8% - 8% - 8% - 8% | 5% - 5% - 5% - 5% |
Daily profit cap | - | 2% - 2% | - | - | - |
Time Limit | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited |
Minimum Trading Days | 1 | 4 | 1 - 1 | 1 - 1 - 1 | 1 - 1 - 1 |
Profit Split | Up to 100% | 80% | Up to 100% | Up to 100% | Up to 100% |
Payout | Any time | Weekly | Bi-Weekly | Bi-Weekly | Any time |
Note that the initial balance drawdown is customizable in most of the E8 Markets account types. The daily drawdown and the profit target also vary based on the preferred limit. After successfully completing the evaluation, your performance is automatically reviewed, and you'll receive an E8 Trader account within 24 hours.
E8 Markets prop firm bonus and promotion plans
In the next stage of E8 Funding review we’ll explore the firm’s promotion plans. When it comes to bonus, E8Markets doesn’t perform well compared to others. Prop firms use these programs as an incentive to attract new customers and to reward existing clients. Here are the two promotions E8Funding offer.
- Discount codes: Can be found on the “About” menu on the official website;
- Referral: There is also a referral program in place that E8Funding uses to reward the traders who advertise the firm.
These promotions and the firm's competitive profit-sharing model make E8 Markets an attractive option for traders looking to maximize their earning potential.
E8 Markets prop firm trading platforms
E8Markets provides access to two main trading platforms, including Match Trader (beginners) and MT5 (professionals). You should know that the trading solution may vary based on the account type you choose. Here is a general view of the available platforms for each plan.
Account type | Trading platform |
E8 One | Match Trader |
E8 One Pro | Match Trader, MT5 |
E8 Classic | Match Trader, MT5 |
E8 Track | Match Trader, MT5 |
E8 Track 1:1 | Match Trader, MT5 |
These platforms offer a wide range of features, including advanced charting tools, automated trading capabilities, and access to various trading instruments.
E8 Markets Assets and financial instruments
A diverse range of trading instruments is one of the top advantages E8Markets offers. You can trade Indices, Forex, Crypto, Energies, and Metals on the prop firm. Each of these asset classes features unique trading conditions like leverage, trading hours, commission, etc. Here is a general view of some of the major Symbols and their features on E8Markets.
Symbol | Group | Leverage | Commission (per lot) |
NSDQ | Indices | 25 | $6 |
DOW | Indices | 25 | $12 |
EUR/USD | Forex | 50 | $5 |
USD/JPY | Forex | 50 | $5 |
BTC/USD | Crypto | 2 | $30 |
ETH/USD | Crypto | 2 | $30 |
WTI | Energies | 25 | $6 |
BRENT | Energies | 25 | $6 |
XAG/USD | Metals | 25 | $6 |
XAU/USD | Metals | 25 | $6 |
With leverage options ranging from 1:2 for crypto to 1:50 for major currency pairs, traders have the flexibility to implement various strategies across different markets.
E8 Markets prop firm payment methods
Now it’s time to explore payment methods in E8 Markets review. E8Funding provides several payment options for traders. Note that the methods available depend on whether you’re purchasing plans or withdrawing profits. For both, you can use cryptocurrencies, credit cards, and e-Wallets but the gateways are different. Here is an overview of E8 Markets payment methods.
Payment method | Purchasing | Withdrawal |
Crypto | CONFIRMO (e.g. BTC and ETH) | Rise |
Credit/Debit cards | Nuvei (e.g. Master card, VISA, GPay) and checkout.com | Plane (local currencies), Rise |
E8 Markets prop firm commission & fees
E8Markets offers two main trading fee structures catering to different styles. Raw spread and No commission accounts are the options that you can choose while ordering a plan. In addition to account types, trading costs may vary based on the asset class and trading hours. In the table below we review commissions and spreads for some of the major trading instruments in both account types.
Account type | Symbol | Commission | Spread |
Raw spread | EUR/USD | $5 | 2 |
NSDQ | $6 | 41 | |
BTC/USD | $30 | 5244 | |
WTI | $6 | 19 | |
XAU/USD | $6 | 15 | |
Commission-free | EUR/USD | $0 | 6 |
NSDQ | $0 | 169 | |
BTC/USD | $0 | 6509 | |
WTI | $0 | 42 | |
XAU/USD | $0 | 26 |
E8Markets also offers swap-free (Islamic) accounts, which you can access by ordering during the account selection process. To learn more about E8 Markets fees and charges, types of challenges, trading symbols and more, E8 Markets Listing Page will be a comprehensive resource for you.
What educational resources are available on E8 Markets?
To have a through E8 Funding review we must explore the firm’s educational resources. E8Markets offers a blog containing educational posts on various subjects. The firm also is planning to launch a new educational program called E8 MVP that helps traders in achieving their goals by changing their mindsets.
It’s worth mentioning that the E8 blog is not available right now due to maintenance downtime or capacity problems. Also, the MVP program has yet to launch. So, we can say that at the present moment E8 Funding doesn’t offer educational resources.
E8 Markets prop firm Trust scores
One way to make sure of E8 Markets reliability is to check its trust scores in various sources like TrustPilot and Reviews.io. E8Funding has received overwhelmingly positive reviews from users, but experts’ opinions slightly differ. Here are E8 Funding trust scores in some of the main sources.
Source | Score |
4.7 out of 5 | |
Reviews.io | 4.1 out of 5 |
While traders consistently praise E8Markets for its legitimacy, excellent customer support, fair trading conditions, and quick payouts, the experts point out the firm’s lack of regulation and poor customer support.
E8 Markets prop firm customer service
Customer support is one of the important aspects when reviewing a firm connected to your money. The Prop firm provides various channels for traders to reach the support team. Ways to connect with E8 Markets:
support@e8markets.com | |
Address | 100 Crescent Ct, Unit700, Dallas, TX75201, US |
Live Chat | Available through the chat icon on the website |
Help Center | Go over the frequently asked questions by clients in the help center |
E8 Markets on social media
The last step on E8 Markets review is to check the firm’s activity on social media. E8Funding maintains an active presence on various social media platforms, providing trading insights and updates and engaging with its community. Traders can also subscribe to the company's newsletter for exclusive offers and the latest news. Here are the handles for E8Funding social profiles.
@E8Markets | |
@E8Marketscom | |
X | @E8Markets |
Discord | @E8Markets |
Expert suggestions
E8 Markets is a US-based Prop firm with an amazing trust score of 4.7 out of 5 from the TrustPilot. The company provides services to more than 200,000 traders and has paid over $35M in payouts. E8 Funding review provides information on the firm’s trading platforms (Match Trader and MetaTrader 5), commission and fees, account types, and many more aspects. Share your thoughts about the E8 Markets review in the comments.
