E8 markets, established in 2021, is one the best propriety firm in the space. This prop firm has paid out more than 35 million dollars, to 200,000 users worldwide. Many traders want to join E8 markets but they aren’t familiar with its accounts and challenges. In this article, we will explore E8 markets accounts and review their features; so stay with us until the end.
E8 Markets Accounts Guide
E8 Markets offers various account types tailored to different trader needs and experience levels. Whether you're just starting out or you're a seasoned pro, there's an E8 Markets account that's right for you.
Here's a quick overview of the E8 markets account types:
- E8 One Account
- E8 Prop Account (2-step evaluation)
- E8 Track Account
- E8 Pro Account
Each of these accounts has unique features and benefits, designed to help traders at different stages of their journey. Let's explore each one in detail.
One Account
The E8 One account is E8 Markets' latest offering, designed to simplify the path to earning real payouts for aspiring traders. This account type has garnered significant attention due to its innovative features:
- One-Phase Evaluation: With E8 One, traders can achieve E8 Trader status in just one phase, dramatically accelerating their journey to earning payouts.
- Clear 10/4/6 Objectives: To qualify for E8 Trader status, you need to hit a 10% profit while adhering to a 4% daily drawdown limit and a 6% relative drawdown. These clear-cut objectives make it easy for traders to understand what they need to achieve.
- No Profit Cap: Unlike some other account types, E8 One has no profit cap. This means you can maximize your earnings without any artificial restrictions.
- Affordable Pricing: E8 Markets offers a range of account sizes to suit different budgets, starting from $5,000 and going up to $400,000. This makes the E8 One account accessible to traders at all levels.
2-Step Evaluation Account
The second type of E8 markets accounts is E8 2-step evaluation account. Here's what you need to know:
- Two-Phase Evaluation: Traders must complete two phases of evaluation before gaining access to a funded account;
- Customizable Parameters: Traders can choose their drawdown parameters and payout shares to align with their trading style and risk tolerance;
- Access to E8 Simulated Account: Upon successfully completing the evaluation phase, traders gain access to an E8 simulated account where they can start earning from their strategies;
- Genuine Market Conditions: E8 Markets provides raw spreads, low commissions, and zero markups, ensuring traders experience real market conditions;
- No Minimum or Maximum Trading Days: Traders have the flexibility to trade as much or as little as they want, allowing for various trading styles and strategies.
Track Account
The E8 Track account is a unique offering that provides an additional layer of evaluation. Here's what sets it apart:
- Three-Phase Evaluation: This account type includes an extra phase compared to the standard E8 2-Phase account, providing a more comprehensive evaluation process.
- Flexible Daily and maximum Drawdown: The daily drawdown is 3%, and the maximum drawdown is 6%, but traders can change the initial balance drawdown based on their trading style.
- Access to Larger Capital: Successful traders can manage a simulated E8 Trader account of their chosen size, up to $400,000 in starting capital.
Pro Account
The last E8 account is called E8 Pro and it’s designed for ambitious and experienced traders. Here's what makes it stand out:
- Full Customization: Traders can adjust parameters like balance, drawdown limits, and payout share to align perfectly with their individual trading goals and risk tolerance.
- Payout: The complete pay out process take up to 2-5 days.
- No daily drawdown limit: The E8 markets pro account removes daily drawdown limit. This feature protects traders from losing accounts due to a single mistake.
E8 markets Account Comparison
To help you choose the right account type, here's a comparison table of the different E8 Markets accounts:
Feature | E8 One | E8 2-step | E8 Track | E8 Pro |
Evaluation Phases | 1 | 2 | 3 | 1 |
Profit Target | 10% | 6% / 3% | 6% / 3% / 3% | 8% |
Daily drawdown | 4% | 3% | 3% | - |
Maximum drawdown | 6% | 6% | 6% | 8% |
Maximum balance | $400,000 | $100,000 | $400,000 | $200,000 |
E8 markets Account Registration Process
Now that you know everything about E8 funding accounts, you can start your prop trading journey in E8 markets. Here’s a step-by-step guide to the E8 Markets registration process:
- Visit the E8 Markets website and click on "get started";
- Sign up using your email address or social media;
- Verify your account;
- Choose an account type and size;
- Make the required payment for your chosen account;
- Once payment is confirmed, you'll receive access to your evaluation account;
- Start trading and work towards meeting your evaluation targets;
- Upon successful completion of the evaluation, you'll gain access to your funded account and can start earning real payouts.
Remember, E8 Markets offers a supportive community and various educational resources to help you succeed in your trading journey.
Writer's opinion and conclusion
E8 markets has been active in the prop firm space since 2021, and it has paid out more than 35 million dollars to traders across the globe. E8 Markets account variety caters to traders at all levels, from beginners to seasoned professionals. While the E8 One account stands out for its simplicity and flexibility, more experienced traders might find the E8 Pro account more suited to their needs. Regardless of your chosen funding program, E8 accounts helped many traders get funded and work in financial markets. If you have any questions regarding E8 funding accounts, leave them in the comments section.
