The E8 Funding is a good choice for beginners. One of the prominent pros of this prop trading firm is that it allows users to test this platform's capabilities and features without any financial commitment. No restrictions on trading style. On top of that, users get 1:100 leverage.
E8 Funding - Pros And Cons For Beginners
Updated: October 04, 2023
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If you're new in the trading world, you might have heard of this buzz called trading with a prop firm.
And as said, many people who have just heard this don't know exactly
What prop firms are?
What are its pros and cons?
So the experts at Traders Union have drafted an in-depth explanation regarding the E8 Funding fees and how this prop trading firm is replete with pros making it an ideal platform for beginners.
Image: E8 Funding website
E8 Funding For Beginners - Review
Here's the complete set of information for the best remote prop trading firms in the Forex market.
E8 Funding subscription
This one is the fascinating part of the E8 Funding prop trading firm, where the trader just has to pay a minimum of $138, which exceeds upto $988 depending on the account type.
Let's understand it more evidently.
For E8 Funding normal and extended evaluation account:
| Account Size | Price |
|---|---|
$25,000 |
$228 |
$50,000 |
$388 |
$100,000 |
$588 |
$250,000 |
$988 |
For the E8 Funding track program account:
| Account Size | Price |
|---|---|
$25,000 |
$138 |
$50,000 |
$208 |
$100,000 |
$358 |
$250,000 |
$598 |
E8 Funding Fees
E8 Funding doesn't trade with typical brokers; they prefer to trade directly with tier-1 liquidity providers.
Why? Because they give direct market access, and that too without any commissions and low spreads.
Furthermore, talking about the fees or commissions charged by the assets are:
| Assets | Fees |
|---|---|
Forex |
Commission charged 0.005 %. |
Commission charged 0.005 %. |
|
Commission charged 0.01%. |
|
Equities |
Commission charged 0.3 %. |
Commission charged 0.2 %. |
Note:
The initial fee gets refunded once the trader passes the evaluation phase.
Useful features of E8 Funding
Here's the list of prominent features that traders get in their E8 Funding account:
Users get access to extension features.
Availability of scaling account option.
Due to the highly competitive support team, the trader evaluation gets finished within two hours.
For the easiest funding experience, this prop firm has conjoined with leading businesses to provide institutional liquidity.
International traders can quickly analyse their most crucial trading with the help of E8 Funding's X dashboard.
E8 Funding account opening
The procedure to open an E8 Funding account is relatively concise; all you have to do is:
Head towards the official website of E8 Funding, which is among the best companies for funded trading accounts.
Image: E8 Funding website
Once reached, click on the E8X Dashboard in the top right corner of your screen.
Or you can also click Get Funded, displayed in the centre of your screen.
After clicking the E8X option, look for the Sign Up option and click on it.
Image: E8 Funding registration
Furnish all the details like your Name, e-mail Id, and phone number.
Image: E8 Funding registration
Tick the privacy policy and government-issued certification check box.
Image: E8 Funding registration
You'll be sent a message on your registered e-mail with a confirmation link upon signing up.
Confirm the e-mail address and head back to the portal.
Image: E8 Funding registration
A dashboard will appear where you have to select your account from the three shown on your screen per your requirements.
Image: E8 Funding account types
But before you begin to select, get yourself verified by uploading your photo or identity.
Image: E8 Funding account verification
After choosing the account type, enter the payment details for the initial fee and wait until the payment is confirmed.
Once the payment is approved, start trading and pass the evaluation challenge.
Customer support
Excellent customer support is like the icing on the cake, which helps in retaining users.
And the prime illustration of this saying is E8 Funding.
This prop trading firm allows its users to communicate directly with the firm's representative to get help with trading information and queries.
Below is the checklist of all the available communication channels and physical locations:
Office Address (headquarters) - 100 Crescent Ct, Unit 700, Dallas, TX, 75201, United States.
Email ID - support@funding.com
Live chat support is directly available on the website.
E8 Funding support timings - Monday to Friday - 4 AM till 4 PM Central Standard Time (CST) and on Weekends - 8 AM to 1 PM (CST).
Besides the above communication channels, users can also get in touch with E8 Funding via:
Twitter - https://twitter.com/e8funding
Instagram - https://www.instagram.com/e8funding/
Telegram - https://t.me/e8fundinggroup
Facebook - https://www.facebook.com/E8Fundingcom/
Conclusion - E8 Funding pros and cons for beginners
So if you're still pondering, even after getting the precise details regarding is E8 Funding safe for beginners, then don't fret because here's the lowdown of pros and cons off the bat that will help you make an informed decision.
👍 Pros
• One of the prominent pros of this prop trading firm is that it allows users to test this platform's capabilities and features without any financial commitment.
• Traders can hold their trades overnight.
• No restrictions on trading style.
• Traders can still trade news, and there will be no violation.
• On top of that, users get 1:100 leverage.
• Bi-weekly payouts entitle traders to access their earnings frequently.
• Allows traders to diversify their portfolios by trading on various financial instruments.
• Users get access to unlimited evaluation-free retries.
👎 Cons
• There's a slippage issue.
• The commission cost of this prop firm is slightly higher.
• Traders cannot contact (directly) the liquidity providers.
FAQs
Is E8 funding real or fake?
E8 Funding is absolutely a real prop trading firm regulated by various government organisations like Financial Industry Regulatory Authority (FINRA) & Securities Investor Protection Corporation (SIPC).
How does E8 funding work?
The working process of this prop firm is quite straightforward. Users must pass an evaluation process divided into two or three phases depending on their account type.
How do I get my payout from E8 funding?
Traders, if you're an extended or regular account holder, simply request your payout through this link and within 1-2 business days, you'll receive your payout.
What is the maximum funding for E8?
If you successfully pass the evaluation phase, the maximum funding for your E8 account can reach upto:
$300,000.
€250,000.
£216,000.
Team that worked on the article
Upendra Goswami
Contributor
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
Developmental English Editor
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.