The proprietary trading landscape has experienced significant growth, with firms offering skilled traders the chance to access substantial capital. Among the emerging names, E8 Markets has gained a solid reputation for its cutting-edge features, competitive funding options, and robust trader support. This review by Proprietary News takes an extensive look into E8 Markets, analyzing whether it stands out in the competitive prop trading world.
What is E8 Markets?
Established in 2021, E8 Markets is a proprietary trading firm that allows traders to manage substantial capital. The firm aims to simplify the funding process while offering traders flexibility in executing their strategies.
Catering to both novice and experienced traders, E8 Markets has designed a two-step evaluation process that tests a trader’s skill and risk management abilities. Once completed, traders gain access to a funded account with an industry-leading 90% profit split. This transparent evaluation process, coupled with a wide array of trading instruments and educational tools, positions E8 Markets as a strong contender in the industry.
E8 Markets’ Two-Step Evaluation Process
At the heart of E8 Markets’ model is its two-phase evaluation program, designed to ensure that traders who pass the evaluation have demonstrated consistent profitability and responsible risk management.
Phase 1: The E8 Markets Challenge
The first stage is the E8 Markets Challenge, requiring traders to hit an 8% profit target within a specified timeframe while adhering to strict risk rules. Traders must maintain a maximum daily loss of 5% and an overall loss of 10%.
E8 Markets offers traders remarkable flexibility in this phase, allowing strategies like scalping, hedging, and news trading. This wide scope ensures that traders can perform without firm-imposed restrictions.
Phase 2: Verification
The Verification phase is the second step, where traders need to achieve a reduced profit target of 5%. This stage confirms that traders can replicate their performance from Phase 1 while maintaining discipline. By the end of these two phases, traders have proven their ability to manage capital effectively and are granted access to a funded account.
Funded Accounts and Profit Split
E8 Markets provides flexible funding options, with account sizes ranging from $25,000 to $250,000, giving traders the ability to choose an account that suits their goals. The profit-sharing model is highly attractive, starting at 80% and increasing to 90% based on performance, which is among the best in the industry.
Trading Instruments and Platforms
Traders with E8 Markets have access to a wide range of instruments, including:
- Forex (major, minor, exotic pairs)
- Commodities (gold, silver, oil)
- Indices (US30, NAS100, GER30)
- Cryptocurrencies (Bitcoin, Ethereum, Litecoin)
This range allows traders to diversify and capitalize on opportunities across various markets. E8 Markets supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), both of which are popular platforms known for their advanced charting, automated trading, and user-friendly interfaces.
Unique Features of E8 Markets
Several features make E8 Markets stand out from the competition:
- Flexibility in Trading Styles
E8 Markets allows full freedom in trading styles, including scalping, hedging, and news trading, providing traders with the ability to execute a variety of strategies without limitations. - Low Profit Targets
With a profit target of 8% in Phase 1 and 5% in Phase 2, E8 Markets sets lower hurdles compared to other firms, making it easier for traders to pass the evaluation process. - Scaling Options
Successful traders can scale their accounts, giving them more capital to work with over time. This feature allows traders to grow without taking on additional personal risk. - Educational Support
E8 Markets invests in its traders’ success by offering educational resources like market analysis, webinars, and courses on trading psychology, helping traders refine their strategies.
Fees and Costs
As with most proprietary firms, E8 Markets charges an upfront fee for participating in the evaluation process. Fees vary based on the chosen account size, with larger accounts requiring a higher upfront investment. Although non-refundable, traders can earn back their initial fee once they are funded and start generating profits.
Customer Support
E8 Markets provides 24/7 customer support, accessible via live chat, email, and phone. The firm also offers a dedicated client dashboard, where traders can track performance and manage their accounts.
Conclusion: Is E8 Markets Right for You?
E8 Markets is a solid choice for traders seeking a flexible and supportive environment in the prop trading world. Its low-barrier entry, competitive profit split, and diverse trading instruments make it a strong contender for both novice and experienced traders alike. The freedom to employ various trading styles and the firm’s commitment to trader education further enhance its appeal.
If you’re a trader looking for a firm that values flexibility and offers significant upside potential, E8 Markets is a great fit. With the right skills, you could benefit from one of the most trader-friendly environments in the industry.
How to Get Started with E8 Markets
Ready to take the leap? Follow these steps:
- Select an Account Size: Choose an account that aligns with your experience and goals.
- Sign Up for the Evaluation: Pay the fee and start the E8 Markets Challenge.
- Pass the Evaluation: Complete both phases to prove your trading abilities.
- Get Funded: Once approved, you’ll receive a funded account.
- Earn Up to 90% Profit Split: Keep the majority of your profits as you trade with E8 Markets.
Visit the E8 Markets website to start your evaluation journey today!