E8 Funding Challenge: Fees, Benefits of Joining
The E8 funding Challenge is one of the most prominent ways to get funded via E8. The traders will have to appear for the Challenge in two phases, for which they have to pay a minimum of $228 to enter the Challenge. The maximum funding you can receive is $250,000.
E8 Funding is one of the best remote prop trading firms providing traders with funding. They are not brokers but prop firm traders. You can take part in the challenge, and if you pass it, they will only fund you. In this article, we will explore all the important details you need to know about the E8 Funding challenge before participating.
E8 Funding website
What is the E8 Funding Challenge?
The E8 funding challenge is one of the most prominent ways to get funded via E8. The traders will have to appear for the challenge in two phases, for which they have to pay a minimum of $228 to enter the challenge. All traders receive an account after making the deposit. However, the account size (amount) will usually vary depending on your deposit amount.
Four account sizes for the E8 funding challenge are $25,000, $50,000, $100,000 and $250,000. The traders can also choose between the account types, which include E8 account, E8 track and Elev8 accounting. These three are further available in two types: Normal and Extended.
The E8 funding challenge is designed in a comprehensive evaluation process that assesses the trader's skills across different levels.
By taking this challenge, the traders learn risk management and stay profitable. After passing the E8 trading challenge, the respective trader will get funded.
| E8 Funding | SurgeTrader | Fidelcrest | |
|---|---|---|---|
Accounts |
E8 Account, Elev8, E8 Tracking |
Starter, Advanced, Seasoned, Advanced, Expert, Master |
Normal, Aggressive |
Minimum subscription |
$228 |
$250 |
99 Euros |
Account Currencies |
USD |
USD, EUR, JPY, GBP, and CHF |
USD, AUD, EUR, CZK, GBP, and CAD |
E8 Funding website
Why join the E8 Funding challenge?
Whether you're a beginner or an experienced trader, joining the E8 funding challenge can be extremely beneficial. One of the major benefits of joining the E8 funding challenge is that you don't need capital or personal funds to start trading. As a result, by making a minimum investment and passing the challenge, you can earn a lot of profits.
Unlike other prop trading firms, E8 has very comprehensive and competitive pricing. Whether risk assessment or profit sharing, E8 provides some of the best opportunities. Furthermore, being a part of the E8 funding challenge will allow you to access advanced training tools and be a part of the trading community. E8 also provides constant professional support to all traders in case they get stuck.
How to complete the E8 Funding challenge?
If you are planning to take up the E8 funding challenge, here are some tips that can help you:
Know the challenge: The basics are to be aware of what the challenge is all about. You must know the rules and regulations of the E8 funding channel, which is easily available on their website.
Have a strong trading plan: Passing the E8 funding challenge is no child's play. Therefore, it is important that you develop a strong trading plan where you are clear about your entry and exit positions in terms of E8 funding challenge rules. Your trading plan will allow you to generate and maintain profits.
Risk Management: When taking part in a funding challenge, you need to be very careful with the risk management scheme. It would help if you restricted the losses and executed stop loss at the right point. If you're maintaining a proper risk-to-reward ratio, you can pass the challenge.
Be disciplined: Trading is all about emotional control and being disciplined. To pass the challenge, you must be disciplined to trade swiftly across different marketing conditions.
Take it slowly: You have 30 days to pass Phase 1, so there is no hurry. Rather than overtrading or revenge trading to cover up your losses, you must take it slowly and trade with focus.
E8 Funding website
Difficulties with passing the E8 Funding challenge
The E8 funding challenge is a great way to kickstart your trading career. However, you will likely face some challenges if you need to be more disciplined. These include:
Not being able to keep up with the volatility of the market.
You need help to maintain profit consistency.
You are not able to keep up with the market conditions.
Follow the rules set by E8 to avoid facing more challenges in passing the funding challenge and losing the E8 funding challenge fee. It is advisable that before you start trading, you read these terms and conditions thoroughly so that you can secure the best funded trading accounts.
FAQs
What is the maximum funding for E8?
The maximum funding you can receive via clearing the E8 funding challenge is $250,000.
How do I get my payout from E8 funding?
After passing the E8 funding challenge, you will start receiving payouts on the profits you make apart from the refund. You can initiate the payout from your account and receive the amount in your bank account or other preferred mode of payment.
What is E8 funding?
E8 Funding is a prop firm for aspiring traders. They have challenges that the traders need to pass to get funding capital.
Which broker does E8 funding use?
MetaTrader4 and MetaTrader5 are available for use in E8 funding.
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.