E8 Funding Safety and Regulation
E8 Funding was launched in 2021 and is known to be one of the legit and leading prop firms in the business that works with thousands of traders across different countries.
In 2023 prop trading firms are rapidly becoming popular among Forex traders. These platforms provide a massive opportunity for investors to trade with more substantial capital to earn significant profits. And these companies seem too good to be true, but many novice traders always have that one lingering doubt (in their minds). Is a proprietary firm legit?
And E8 Funding prop trading firm is no exception.
Many users who come across this platform also share this same question:
Is E8 Funding Legit?
Is E8 Funding Safe?
Is E8 Funding a Scam?
So to elucidate what you asked, Trade Union experts have compelled precise details about is E8 Funding scam or is E8 Funding safe for better clarity.
Is E8 Funding legit? Is it regulated?
Well, the answer to this above heading is a resounding yes.
Meanwhile, E8 Funding was launched in 2021 and is known to be one of the legit and leading prop firms in the business that works with thousands of traders across different countries. Currently, the E8 Funding is registered in the USA and the Czech Republic and works with traders in most countries.
Being the new contender in the prop firm community, E8 Funding is known for providing one of the best funded trading accounts. Not only this, but E8 Funding also ranks 25th among its 756 active competitors.
On the other hand E8 Funding like most of prop firms is not regulated. Note that prop companies are not brokers and are not subject to the same regulation rules.
Is E8 Funding legit in my country?
There are no Country restrictions with this prop trading firm, as E8 Funding is legit in every country, excluding:
Afghanistan
Burundi
Central African Republic
Congo Republic
Cuba
Crimea
Democratic Republic of Congo
Eritrea
Guinea
Guinea-Bissau
Iran
Iraq
Liberia
Libya
Myanmar
North Korea
Papua New Guinea
Somalia
South Sudan
Sudan
Syria
Vanuatu
Venezuela
Yemen
Zimbabwe
The reason why the countries mentioned above are restricted is because of the non-availability of Deel.
Now you may ask, what's Deel? Deel is a hiring product that allows traders to open their E8-funded account only when they can pass their KYC check.
Is E8 Funding a scam or safe?
E8 Funding can be considered as a safe company. Now speaking of its security, there are some protective measures which E8 employs for its users.
To begin with, users can add a layer of security by setting up a Two-Factor-Authentication in their funded trading account.
Since this prop trading firm provides all the capital, funded traders must complete a thorough Know Your Client (KYC check) to receive their profits.
For some reason, if a trader fails to meet the provisions of KYC and does not get clearance from Deel's biometric verification, then they won't be able to withdraw profits from their funded trading account.
E8 Funding pros and cons
Let's take a closer look at the pros and cons of the E8 Funding prop trading firm.
👍 E8 Funding pros
• Traders can hold their positions overnight and can trade on weekends as well.
• Investors can choose from three different accounts according to their prerequisites.
• This proprietary trading firm has an intuitive and user-friendly dashboard which enhances the trading experience of its users.
• Traders get access to higher trading capital.
• No restriction on trading style.
• E8 Funding is packed with multi-featured trading platforms like MT4/5.
• Investors can maximize their potential gains through 1:100 leverage.
• Lastly, traders can diversify their portfolios by trading on 5 different instruments.
👎 Funding cons
• Investors have to pay upfront money for the audition.
• This proprietary firm does not have a call center.
• E8 Funding has a high commission cost.
E8 Funding background
E8 Funding was incorporated on 5th November 2021. This prop trading firm has offices in Texas and Prague, whereas Dallas is known to be their headquarters.
The motive behind the existence of this firm was to find hidden talent in the community and provide them with strategic partnerships and top-tier software solutions.
And the best part about E8 Funding is that this prop firm does not cooperate with brokers; instead, it has tie-ups with first-level providers.
FAQs
Is E8 funding real or fake?
Yes, this prop trading firm is real and has legit proof of being a U.S. entity.
How does E8 funding work?
The working process of E8 Funding is quite simple. The user must pass the evaluation process in two or three phases (depending on the account type).
Who is the owner of E8 funding?
Dylan Elchami is the Chief Executive Officer & Co-Founder of E8 Funding, the best remote prop trading firms in the U.S.
How do I get my payout from E8 funding?
If you're a regular or an extended account holder, simply request your payout, and your payout will be processed within 1-2 business days.
Team that worked on the article
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.