20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.
E8 Funding Review 2024
Minimum
deposit:
deposit:
- $138
Trading platform:
- MT4
- MT5
Minimum
deposit:
deposit:
- $138
Trading platform:
- MT4
- MT5
Trading features:
- Attainable challenges
- up to $1 million balance progress
- minimal trading limits
- traders keep 80% of profits
- tech support only responds via email and live chat
Leverage:
- Up to 1:100
Summary of E8 Funding Trading Company
E8 Funding is a moderate-risk prop trading firm with the TU Overall Score of 5.8 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by E8 Funding clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this firm as not all clients are satisfied with the company, according to reviews. E8 Funding ranks 16 among 41 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria and a test on how to open an account.
The E8 Funding proprietary trading firm differs from its competitors in several ways. The initial fees are not high, the 80% profit share is above the market average, and the 8% and 5% drawdowns are standard. The main benefits of E8 Funding are a wide range of assets, scalable balances, and the absence of trading limits. For some instruments, the maximum leverage is 1:100. And while the maximum overall drawdown is 8%, its initial value for funded traders may be 14%.
|
1
|
5.7
/10
|
|
|
|
2
|
5.28
/10
|
|
|
|
3
|
6.68
/10
|
|
The E8 Funding proprietary trading firm is registered in the USA and the Czech Republic and works with traders in most countries without regional restrictions. It offers accounts with balances from $25,000 to $250,000 that can be increased to $1 million. There are no monthly fees, only initial fees from $138 (determined by the account type) are charged. Trading instruments include currency pairs, stocks, indices, energies, metals, and cryptocurrencies. Clients can trade on weekends, use advisors and bots, apply hedging, and copy trades. Trading is performed on MetaTrader 4 and MetaTrader 5 (including the mobile versions). Partners of E8 Funding keep 80% of their net profits, and 20% goes to the company. This profit split applies to all accounts and phases. The challenge is taken on real accounts in two or three phases (depending on the account type) and has time limits. After the challenge, the limits are standard: 8% overall and 5% daily drawdowns. There are no mandatory profit targets.
| 💰 Account currency: | USD |
|---|---|
| 🚀 Minimum deposit: | $138 |
| ⚖️ Leverage: | Up to 1:100 |
| 💱 Spread: | No |
| 🔧 Instruments: | Currency pairs, cryptocurrencies, indices, stocks, energies, and metal СFDs |
| 💹 Margin Call / Stop Out: | No |
👍 Advantages of trading with E8 Funding:
- three account types for traders with different goals, plus several initial fee options;
- no monthly payments or withdrawal fees, only reimbursable initial fees;
- traders can apply any strategy or style, trade at weekends, and use advisors;
- the firm provides the most popular, multifeatured trading platforms: МetaTrader 4 and 5;
- in any event, traders keep 80% of profits with payouts available from the 8th day of cooperation;
- attainable challenge objectives are 8% and 5% profit targets in 30 and 60 days, respectively;
- scalable accounts allow you to grow your balance up to $1 million.
👎 Disadvantages of E8 Funding:
- many traders prefer to use TradingView, NinjaTrader, R|Trader, or other popular platforms, but if they want to work with E8 Funding, they will have to get used to МetaТrader 4 and 5;
- the firm’s tech support responds by email and has no call center. Live chat is only active during certain hours;
- profit cannot be withdrawn more often than once in 14 days.
Evaluation of the most influential parameters of E8 Funding
Trade with this prop-trading company, if:
- You are able to handle the pressure of trading live capital, as E8 Funding specifically seeks traders who can remain composed and make rational decisions even in high-pressure situations.
- You are looking for attainable challenge objectives, as E8 Funding sets realistic profit targets for its traders, with achievable goals of 8% and 5% profit targets within 30 and 60 days, respectively.
Do not trade with this prop-trading company, if:
- You require immediate assistance or prefer to communicate with support through channels like live chat or phone. E8 Funding's reliance on email for tech support may not meet your needs.
- You prefer more frequent access to your profits or need flexibility in managing your funds, as withdrawal limitations set by the firm may not align with your trading preferences.
Geographic Distribution of E8 Funding Traders
Popularity in
27.1%
US
14.8%
GB
5.2%
NG
4.9%
IN
3%
CA
30%
Others
User Satisfaction i
6 comments
Total score:
Share your experience
- Best
- Last
- Oldest
Daniellib
25 weeks ago
DonaldLam
32 weeks ago
araceliau4
44 weeks ago
ditya_vereskaz
48 weeks ago
WilliammeR
1 year ago
sheenaan18
1 year ago
Expert Review of E8 Funding
The company is headquartered in Dallas (USA) and Prague (Czech Republic). Its founders are professional traders and investors who know exactly what to offer to the people that want to trade someone else’s capital. E8 Funding lets its partners choose accounts in the most flexible way. There are three account types with several balance options in each. The maximum amount available from the start is $250,000. The maximum balance in prospect is $1 million. The initial fees start at $138 and are reimbursed on all accounts, except ELEV8. The profit target and drawdown values are standard, there is no point in mentioning them. More interestingly, the Е8 and E8 Track accounts have no profit target requirements. Clients trade without restrictions on earnings or time and can apply hedging, trade at night and at weekends, use advisors, and copy trades.
The ELEV8 account is different in that its balance can grow from the initial $100,000. If a trader does not achieve the goal in a month, nothing happens, he just keeps trading. But if he does reach the target goal, another $100,000 is added to the balance. This is the simplest, clearest, and the most attainable way to grow your balance. Moreover, a partner’s profit share stays at 80% under any circumstance. Again, everything is clear and achievable. However, if a trader has questions, he can turn to tech support.
E8 Funding does not have a call center, which is a serious drawback. On the bright side, there is a live chat that is active at weekends as well, but during limited hours (see the website).
The E8 Funding website operates steadily. TU had no problems during the testing of the user account. The firm’s partners trade on two platforms: MetaTrader 4 and MetaTrader 5. These platforms are generally the most requested, although many people are used to analogs like R|Trader, cTrader, or TradingView. Trading E8 Funding’s funds effectively requires you to study the MT interface carefully because it has some unique features. In other respects, TU did not notice anything special. The firm offers up to 1:100 leverage, an economic calendar, and a leaderboard. It also offers access to cryptocurrencies, energies, and metals markets, not just to the stock, indices, and Forex markets like most other prop trading firms.
Dynamics of E8 Funding’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets and Products of the Broker
Proprietary trading firms do not usually offer access to traditional types of investing, such as cryptocurrency staking or buying dividend stocks. Nevertheless, many of them have affiliate (referral) programs that allow clients to get a fixed percentage of invited users’ profits or one-time payments. Participation in affiliate programs cannot be called investing or passive earning because getting significant payouts in such a way requires traders to have popular blogs and social media accounts and communicate frequently with colleagues online.
Important!
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
E8 Funding does not offer a referral program, and here is why:
Referral programs are meant to increase the influx of new traders. But if a firm already has a lot of partners, it would make little sense to incentivize registration, and that’s the reason why. E8 Funding does not publish data on the number of its partners, but, undoubtedly, it has dozens of thousands of successful traders worldwide.
Trading Conditions for E8 Funding Users
E8 Funding’s partners pay initial fees only. There are no subscription or withdrawal charges, although the latter may be applied by third parties that participate in the withdrawal such as your bank. An initial fee is paid once before the challenge. If a trader passes the challenge, the fee is reimbursed (except on the ELEV8 account). If he does not, in most cases, he has to pay the fee again to retry to complete the challenge and get funded. Later, a partner can trade any instrument from the list with variable leverage up to 1:100. If a trader has questions, he can contact the company via email or live chat. The chat operates at weekends also but closes earlier.
$138
Minimum
deposit
1:100
Leverage
8/7
Support
| 💻 Trading platform: | МТ4, МТ5 |
|---|---|
| 📊 Accounts: | E8, ELEV8, E8 Track |
| 💰 Account currency: | USD |
| 💵 Replenishment / Withdrawal: | Bank transfers, bank cards, electronic wallets, international transfer systems |
| 🚀 Minimum deposit: | $138 |
| ⚖️ Leverage: | Up to 1:100 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | No |
| 💱 Spread: | No |
| 🔧 Instruments: | Currency pairs, cryptocurrencies, indices, stocks, energies, and metal СFDs |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Orders execution: | No |
| ⭐ Trading features: | Attainable challenges; up to $1 million balance progress; minimal trading limits; traders keep 80% of profits; tech support only responds via email and live chat |
| 🎁 Contests and bonuses: | No |
Comparison of E8 Funding to other prop firms
| E8 Funding | Topstep | FTMO | Funded Trading Plus | FTUK | The Trading Pit | |
| Trading platform |
MT4, MT5 | Deriv Trader, TSTrader, NinjaTrader, TradingView, Bookmap X-ray, Cunningham Trading Systems, DayTradr, InvestorRT, MotiveWave, MultiCharts, Rithmic R|TRADER Pro, Trade Navigator, Volfix.net | MetaTrader4, MetaTrader5, cTrader | MetaTrader4, MetaTrader5 | MT4, MT5 | MetaTrader4, MetaTrader5, BOOKMAP, R Trader, QUANTOWER |
| Min deposit | $138 | $1 | $155 | $119 | $119 | $99 |
| Leverage |
From 1:1 to 1:100 |
From 1:1 to 1:100 |
From 1:1 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:100 |
From 1:1 to 1:30 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0 points | From 0 points | From 0 points | From 0 points | From 0 points | From 0 points |
| Level of margin call / stop out |
No | 1% / 1% | 50% / 50% | No | No | No |
| Execution of orders | No | ECN | Instant Execution | Market Execution | No | No |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | No | No | No |
Prop firms’ comparative table by trading instruments
| E8 Funding | Topstep | FTMO | Funded Trading Plus | FTUK | The Trading Pit | |
| Forex | Yes | No | Yes | Yes | Yes | Yes |
| Metalls | Yes | Yes | Yes | Yes | Yes | Yes |
| Crypto | Yes | No | Yes | Yes | Yes | Yes |
| CFD | Yes | No | Yes | Yes | No | Yes |
| Indexes | Yes | No | Yes | Yes | Yes | Yes |
| Stock | Yes | Yes | Yes | No | No | Yes |
| ETF | No | No | No | No | No | No |
| Options | No | No | No | No | No | No |
E8 Funding Commissions & Fees
Information
Proprietary trading firms do not serve as liquidity providers or route trades to the market and therefore do not need corresponding licenses. E8 Funding does not cooperate with brokers, but with first-level providers, allowing traders to get the lowest possible spreads and trading fees. This prop firm does not collect any charges, except initial fees from $138 to $988, depending on the account and balance. E8 Funding takes 20% of every partner’s net profits. These are standard conditions for the majority of proprietary trading firms.
| Account type | Spread (minimum value) | Withdrawal commission |
| E8 | From 1$ | No |
| ELEV8 | From 1$ | No |
| E8 Track | From 1$ | No |
As noted above, spreads and trading fees solely depend on liquidity providers.
Detailed review of E8 Funding
The E8 Funding proprietary trading firm often takes high positions in the top ratings. On Trustpilot, for example, it has 4.9 points out of 5. TU’s experts are not the only ones who have explored the firm. There are many professional and amateur reviews. They all agree that E8 Funding has minimal restrictions and almost no weaknesses. Yes, you can only trade on МТ4 and МТ5. Yes, client support has no call center. Yes, withdrawals are available only once in 14 days. But look at the company’s advantages. It gives you $25,000 for the minimum fee of $138 and then takes only 20% of your profits. No other restrictions, except reasonable requirements for the daily and overall drawdowns: this way the company protects itself from serious mistakes by traders.
E8 Funding by the numbers:
-
$138 minimum initial fee;
-
$1 million maximum balance;
-
up to 5% daily drawdown;
-
up to 8% overall drawdown;
-
80% of profit goes to each trader.
E8 Funding offers an abundance of financial instruments
This is one of the firm’s conceptual benefits. Many companies focus on a particular group of instruments, mostly on Forex. Very few prop firms provide access to trading currency pairs, cryptocurrencies, stocks, indices, energies, and commodities (as contracts). This is important because a large number of trading instruments from various groups enables traders to diversify their risks more effectively. And the risks should be diversified, as partners trade large capitals of $25,000, $100,000, or $250,000 with up to 1:100 leverage. These conditions are unique in terms of potential profits and losses, so traders need reliable protection. An abundant variety of tradable instruments can facilitate that.
Useful features of E8 Funding:
-
Traders can select one of three accounts that differ in balance and trading conditions to meet their needs.
-
Challenges have two or three steps. Although a free restart is not always possible (it requires you to trade with profit even if it’s lower than the target), the objectives are more than achievable.
-
Funded partners only need to watch the overall and daily drawdowns. They can trade at night and at weekends, as well as use hedging and bots.
-
The MT platforms offer many useful plugins and can be customized easily. Also, convenient mobile versions of MT4 and MT5 are available.
-
During business hours, the support service responds via the live chat promptly. The chat is available on the website even to unregistered users.
Advantages:
1
wide choice of accounts and balances;
2
partner’s profit share is 80%;
3
no additional commissions or fees;
4
withdrawals are available from trading day 8;
5
up to 5% daily drawdown and up to 8% overall drawdown;
6
no restrictions on trading strategies;
7
permission to use advisors and bots;
8
convenient MT platforms;
9
first-level liquidity providers.
Guide on how traders can start earning profits
It is important to properly choose an account and balance. In most cases, the best option is the standard Е8 account, which is suitable for traders with average and extensive experience. The E8 Track account is for partners who are not yet confident in their trading skills and want to pass an additional challenge level to hone their abilities. Yes, in this case, the challenge will take more time, but both you and the company will be confident in a long-term and fruitful partnership. ELEV8 is a unique account with a balance that can exceed $100,000. Choose it if you want to trade at your own pace and want to eventually get $1 million under management.
Account types:
Account Type
Description
E8
The balance is from $25,000 to $250,000. Initial fee is reimbursable. The Challenge comprises 2 levels with 8% and 5% profit targets. After the challenge is passed: no profit targets, up to 5% daily drawdown, and up to 8% overall drawdown.
ELEV8
The balance is $100,000. Initial fee is non-reimbursable. Challenge includes 2 levels with 8% and 5% profit targets. After the challenge is passed, no profit targets, but when profit reaches 16%, the balance is increased by $100,000, and so on all the way to $1 million. Up to 5% daily drawdown and up to 8% overall drawdown.
E8 Track
The balance is from $25,000 to $250,000. Initial fee is reimbursable. Challenge comprises 3 levels with 8%, 5%, and 5% profit targets. After the challenge is passed: no profit targets, up to 5% daily drawdown, and up to 8% overall drawdown.
ELEV8 is the preferable option for the most experienced traders, as only they can have a good chance of earning a net profit of 16% of the balance.
Investment Education Online
Information
Prop firms want their partners to trade better because the more partners earn, the more firms earn as well. To promote the professional development of traders, companies place educational content on their websites. Unfortunately, E8 Funding only provides information about the conditions of cooperation, account types, and how to use its trading platforms.
Information featured on the E8 Funding website
What is not on the E8 Funding website
E8’s funding process explained
Trading strategies and styles
Account management guides
Theory and practice of trading various financial instruments
Guides on how to use the MT4/5 platforms
Money management and trading psychology
As you can see, E8 Funding supposes that a partner already has enough trading experience and only needs financial support to put his potential into action. Read more about E8 Funding education.
Security (Protection for Investors)
Is E8 Funding a Scam or Legit?
Information
It has already been explained why proprietary trading firms don’t need licenses from international regulators. Such licenses are necessary for liquidity providers. Only this security criterion is important for traders because if a liquidity provider is reliable, a prop firm’s operation should not be questioned. In this case, TU is talking about first-level providers that have their own MT servers and all necessary guarantees.
👍 Advantages
- Traders can contact the prop firm’s legal department
👎 Disadvantages
- Traders cannot contact liquidity providers directly
- Absence of regional protection mechanisms
Withdrawal Options and Fees
-
Funded traders can withdraw funds starting from the 8th day of trading.
-
For a withdrawal request to be approved, at least 14 days need to pass since the last withdrawal.
-
Traders can use bank cards, bank transfers, electronic wallets, or other methods.
-
No minimum or maximum withdrawal limits. Traders can withdraw any available amount.
-
The prop firm does not charge withdrawal fees, but they are often charged by other participants of the process.
Customer Support Service
Information
E8 Funding’s operation would not be possible without tech support because, despite all the steadiness and transparency, partners have many questions. To solve their problems, traders can open the FAQs section, send emails, or address the managers via the live chat.
👍 Advantages
- You don’t need to be a registered user to exchange messages in chat
- During business hours, the managers respond via chat promptly
👎 Disadvantages
- After hours, you won’t get a reply via chat
- Sometimes, you have to wait a long time for a response by email
To ask a question to E8 Funding’s client support:
-
send an email to;
-
address a manager through the chat that is available on the website and in your user account.
The company has official profiles on Instagram, YouTube, Twitter, and other platforms. You can try contacting the managers there, but replies are not guaranteed.
Contacts
| Foundation date | 2009 |
| Registration address | 100 Crescent Ct, Unit 700, Dallas, TX 75201, United States |
| Official site | e8funding.com |
| Contacts |
Email:
info@E8funding.com,
|
Review of the Personal Cabinet of E8 Funding
1
Go to the prop firm’s official website. Click “E8X Dashboard” in the top right corner or “Get Funded” in the center.
2
If you opt for “E8X Dashboard”, click “Sign up” next. Otherwise, proceed to registering right away and enter your first and last names, country, phone number, and email. Create a password. Accept the terms of service (tick the boxes) and click “Sign up”.
3
Check your email: you will receive a message with a confirmation link. Follow it. When you see a notification that the link has been confirmed, click E8 Dashboard Review.
4
Click your name in the top right corner and select “Profile”. Next, select “Verification”. You will need to provide a photo/scan of a document that confirms your identity. Check out Security and other tabs.
5
Go back to the dashboard’s home screen. Select an account type and balance. Then, enter the initial fee payment details and wait till the payment is confirmed. After that, you can start trading to pass the challenge.
Features of E8 Funding’s user account:
-
Accounts review displays aggregate data on all accounts of the trader.
-
Orders list shows the status of transfers for the initial fee payment.
-
User settings. Here, you can get verified, as well as change your password or other data.
-
Leaderboard lists the best partners over the last 30 days. The data can be itemized.
-
Funding center. Here, a trader sees his official agreement with the prop firm and all withdrawal requests.
-
Instruments. A full list of the available trading instruments.
-
Е8 giveaway. This is the name of a special offer. In the present case, traders can get a bonus account with a balance of $100,000. The name of this section changes according to the current special.
-
Economic calendar. A simple and clear economic calendar used by nearly all traders.
-
Newsfeed communicates political and economic news selected by E8 Funding’s experts.
-
Trading platforms. Here, you can download the МТ4 or МТ5 platforms and see the installation guide.
-
Help center. By clicking this button, a trader automatically gets to the FAQ section of the website.
Disclaimer:
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Articles that may help you
For Beginners
For Beginners
For Beginners
For Beginners
For Beginners
For Beginners
For Beginners
For Beginners
For Beginners
FAQs
How do client reviews impact E8 Funding rating?
Any review can raise or lower the rating of any company in the Forex prop firms rating. To read reviews about E8 Funding you need to go to the company's profile.
How can I leave a review about E8 Funding on the Traders Union website?
To leave a review about E8 Funding , you need to register on the Traders Union website.
Can I leave a comment about E8 Funding if I am not a Traders Union client?
Anyone can post a comment about E8 Funding in any review about the company.
Traders Union Recommends: Choose the Best!
Open an account
Your capital is at risk.
Open an account
Your capital is at risk.
Open an account
Your capital is at risk.