How to open an E8 Funding account:
Visit the E8 Funding official website.
Click on the Sign Up option.
Enter all the required information in the field.
Select the account type.
Setting up the account.
After completing and selecting all the required details, you can sign up for the E8 funding account agreement and pay.
Offering an innovative approach compared to the other options in the list of prop trading firms,, E8 Funding provides funding to CFD and Forex traders worldwide. E8 Funding provides an approachable way for unique funding opportunities for talented hidden traders. It helps them become professional-funded traders who can manage their invested capital from anywhere.
But the question remains, how to open an E8 Funding account to get started with funded trading? In this blog below, Traders Union experts have created a complete guide for how to open an E8 Funding account to help users with a step-by-step process.
To learn more about these step-by-step procedures and about best funded trading accounts, let’s get into the details in the blog below from trading experts at Traders Union.
E8 Funding, as discussed in the details above, is a prop trading firm that provides funding to CFD and Forex traders. The platform is known for offering unique funding opportunities to traders, allowing them to receive around 80% profits within the 30-day days.
To get started with the E8 funding account, traders need to complete the evaluation process, which consists of two phases.
In this, traders will have a demo account with $10,000 virtual funds and a 30-day trade limit to generate profit and test their trading skills.
After successfully completing the demo account phase, the next step will be participating in the live account phase. The trader will be given a live account with $50,000 real funds and 30 days validity to trade and generate profits.
All the traders who can successfully generate 10% or more profits from their live account or demo account phase will be eligible to opt for an E8 funding account. However, multiple benefits of associating with an E8 funding account include the following:
Competitive funding rate of 80%;
Very low drawdown limit of 14%;
Fast withdrawal process after just 8 days of successfully managing the account.
The following requirements are to be met to join E8 funding:
The trader’s age must be 18 years or above.
They must have a minimum of two years of trading experience.
Traders must maintain a 60% win rate in their trading history.
They need to pass the live account and demo account evaluation phase to get started with the E8 funding account.
Once all the mentioned E8 funding account requirements are met, traders can apply for any of the two types of funded accounts:
E8 Track - For new traders, it starts with a $300,000 balance and a 14% maximum drawdown.
E8 Funded - For experienced traders, it starts with a $1,000,000 balance and a 28% maximum drawdown.
Some of the basic rules that traders need to be aware of before fetching detailed answers for how to open an E8 funding account are:
They must trade atleast 10 lots per month.
They must maintain a 50-60% win rate.
The maximum drawdown limit must not be exceeded.
All those traders who violate these E8 funding account rules will be subject to penalty or account termination.
Steps that need to be followed to for the answers of how to open an E8 funding account are as follows:
Visit the E8 Funding official website, and opt for the E8 funding account.
Click on the Sign Up option to open the E8 funding account.
Image: E8 Funding website
Enter all the required information in the field, including your name, number, address, country, and other details.
Image: E8 Funding registration
Once done, check for the approval mail, and click on the mailed account confirmation link.
Image: E8 Funding registration
Select the account type for the E8 funding account with which you want to proceed.
Image: E8 Funding account type
While setting up the account, select your preferred options in the asked windows, and get started with the E8 funding account process.
Image: E8 Funding account setup
Image: E8 Funding account setup
Image: E8 Funding account setup
After completing and selecting all the required details, you can sign up for the E8 funding account agreement and pay through credit card, ACH transfer or wire transfer.
Here are a few pointers to remember when opening the E8 funding account:
The minimum credit score requirement for credit card payments is 680.
The platform may charge additional late fees, interest fees or origination fees.
Collateral for the loans needs to be provided to the E8 funding account.
E8 Funding is a prop trading firm that offers funded trading accounts to forex and CFD traders.
Maximum capital amount limits with E8 funding account varies on the account types, from $25,000 to $50,000, $100,000 and $250,000.
E8 Funding does not use a broker. Instead, it is a proprietary trading firm that provides funded trading accounts to forex and CFD traders, performed on Meta Trader 4 or Meta Trader 5.
After logging in to the E8 funding account, click on the withdrawals tab, and provide the bank account information and the amount of money you wish to withdraw. The withdrawal process is usually done within 1-2 business days.
Upendra Goswami is a full-time digital content creator, marketer, and active investor. As a creator, he loves writing about online trading, blockchain, cryptocurrency, and stock trading.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
