The proprietary trading industry has seen rapid growth over the past few years, with numerous firms offering skilled traders access to significant capital. Among these firms, E8 Markets has quickly risen to prominence as a well-regarded prop trading firm, offering innovative features, competitive funding options, and a solid support system. In this comprehensive review by The Finance Post, we take an in-depth look at E8 Markets and evaluate whether it stands out in the competitive world of prop trading.
What is E8 Markets?
Founded in 2021, E8 Markets is a proprietary trading firm that provides traders with the opportunity to trade significant amounts of capital. The firm’s mission is to offer a streamlined process to help traders access funding while maintaining flexibility in their trading strategies.
With the goal of attracting both novice and experienced traders, E8 Markets offers a two-step evaluation process designed to assess a trader’s skill and risk management capabilities. Once traders complete the evaluation, they are granted access to a funded account and can earn up to 90% profit split—a highly competitive rate in the industry.
E8 Markets has made a name for itself by offering a transparent evaluation process, a wide range of trading instruments, and a supportive environment to help traders succeed. The firm also differentiates itself by providing educational resources and tools, ensuring that traders have everything they need to refine their strategies and improve their performance.
E8 Markets’ Two-Step Evaluation Process
At the core of E8 Markets’ offering is its two-phase evaluation program, which ensures that traders who pass the evaluation can demonstrate consistent profitability and effective risk management. Like other proprietary trading firms, E8 Markets uses this evaluation process to determine if a trader is capable of managing a large capital account.
Phase 1: The E8 Markets Challenge
The first phase of the evaluation is the E8 Markets Challenge. Traders must achieve a profit target of 8% within a set period, while adhering to strict risk management rules. During the challenge, traders are required to respect a maximum daily loss of 5% and an overall maximum loss of 10%.
What makes E8 Markets stand out in this phase is the flexibility it offers to traders. The firm allows for a wide range of trading strategies, including scalping, hedging, and news trading. This flexibility ensures that traders can execute their strategies without being limited by firm-imposed restrictions.
Once a trader successfully completes the Challenge, they move on to the second phase: Verification.
Phase 2: Verification
The Verification phase is designed to confirm that a trader’s performance in Phase 1 wasn’t a fluke. In this stage, the profit target is reduced to 5%, but traders must continue to adhere to the same risk management rules. Like the Challenge, traders are expected to demonstrate discipline, consistency, and a sound understanding of risk management during this phase.
By the time traders complete both phases, they have demonstrated their ability to manage capital responsibly and are granted a funded account. At this point, traders can start earning real profits.
Funded Accounts and Profit Split
E8 Markets offers multiple funding options, allowing traders to choose an account size that suits their experience level and trading goals. Traders can access capital ranging from $25,000 to $250,000, giving them ample flexibility to start small and scale up as they build confidence and consistency.
One of the biggest advantages of trading with E8 Markets is its competitive profit split. Traders begin with an 80% profit share, which can increase to 90% based on performance and meeting certain milestones. This generous split makes E8 Markets one of the most trader-friendly prop firms in the industry, allowing traders to keep the majority of their earnings.
Trading Instruments and Platforms
E8 Markets offers access to a broad range of trading instruments, including:
- Forex (major, minor, and exotic currency pairs)
- Commodities (such as gold, silver, and oil)
- Indices (US30, NAS100, GER30, etc.)
- Cryptocurrencies (Bitcoin, Ethereum, Litecoin, and others)
The wide variety of instruments ensures that traders can diversify their portfolios and find opportunities in multiple markets. This diversity is crucial for traders who employ different strategies across asset classes.
In terms of trading platforms, E8 Markets supports the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are renowned for their advanced charting capabilities, technical indicators, automated trading features, and user-friendly interfaces. Whether you are a beginner or a seasoned trader, MT4 and MT5 offer the tools needed to execute a wide range of trading strategies.
E8 Markets’ Unique Features
While many proprietary trading firms offer a similar evaluation process, E8 Markets has some unique features that set it apart from the competition. Let’s explore what makes E8 Markets stand out.
1. Flexibility in Trading Styles
One of the major draws of E8 Markets is the flexibility it offers traders. Unlike some firms that impose restrictions on scalping, hedging, or news trading, E8 Markets allows traders to use any strategy they prefer. This freedom ensures that traders can capitalize on short-term opportunities or manage long-term positions without fear of violating firm rules.
2. Low Profit Targets
E8 Markets has one of the lowest profit targets in the industry. While some firms require traders to achieve a 10% profit target during the evaluation phase, E8 Markets only requires 8% in Phase 1 and 5% in Phase 2. These lower targets make it more accessible for traders to pass the evaluation and become funded.
3. Scaling Options
For traders who consistently perform well, E8 Markets offers scaling options. This allows traders to gradually increase their account size over time, providing more capital to work with and increasing their potential profits. The scaling plan is an excellent feature for traders who want to grow their accounts without taking on additional personal risk.
4. Educational Support
E8 Markets is committed to helping traders improve their skills. The firm offers a variety of educational resources, including market analysis, webinars, and trading psychology courses. These resources are designed to help traders refine their strategies and better understand market dynamics, ensuring they have the tools to succeed.
Fees and Costs
Like most proprietary trading firms, E8 Markets charges an upfront fee to participate in the evaluation process. The fee varies depending on the account size, with smaller accounts having lower fees and larger accounts requiring a higher investment.
It’s important to note that while the evaluation fee is non-refundable, traders who pass both phases of the evaluation can earn back their initial fee once they become funded and start generating profits. This system ensures that traders who succeed in the evaluation process are rewarded for their efforts.
Customer Support and Service
E8 Markets provides 24/7 customer support to its traders, ensuring that they can get assistance whenever they need it. Whether traders have questions about the evaluation process, technical issues with the platform, or need help navigating their account, the customer service team is available through live chat, email, and phone.
Additionally, E8 Markets offers a dedicated client dashboard where traders can track their performance, access their account details, and monitor their progress through the evaluation process. The dashboard is user-friendly and provides all the tools traders need to manage their accounts effectively.
Conclusion: Is E8 Markets the Right Prop Firm for You?
E8 Markets is an excellent choice for traders who are looking for a flexible, low-barrier entry into the world of proprietary trading. With its low profit targets, generous profit splits, and wide range of trading instruments, the firm offers a trader-friendly environment where skilled individuals can succeed.
The firm’s flexibility in allowing scalping, hedging, and news trading is a major advantage, especially for traders who employ diverse strategies. Additionally, the educational resources provided by E8 Markets show the firm’s commitment to helping traders grow and succeed over the long term.
At The Finance Post, we highly recommend E8 Markets for both novice and experienced traders who are looking for a reliable and supportive proprietary trading firm. With its competitive profit-sharing model and supportive environment, E8 Markets is well-positioned to help traders reach their full potential. Whether you’re just starting your trading journey or you’re a seasoned trader looking for capital, E8 Markets offers the tools and resources you need to succeed.
How to Get Started with E8 Markets
If you’re ready to join E8 Markets and take the next step in your trading career, getting started is simple:
- Choose Your Account Size: Select an account size that aligns with your experience level and goals.
- Sign Up for the Evaluation: Pay the evaluation fee and start your journey with the E8 Markets Challenge.
- Pass the Evaluation: Complete both the Challenge and Verification phases to prove your trading skills and risk management abilities.
- Get Funded: Once you pass the evaluation, you’ll receive a funded account and can start earning real profits.
- Earn up to 90% Profit Split: As you trade with E8 Markets’ capital, you can keep the majority of your profits and grow your account over time.
To get started, visit the E8 Markets website and sign up for the evaluation process today.