E8 Funding is a proprietary trading firm that stands out in the world of trading by offering traders a choice between two distinct funding programs: the E8 Evaluation and the E8 Track program accounts. With a mission to empower traders and offer a flexible and approachable pathway to financial success, E8 Funding has quickly gained recognition in the trading community.
What is E8 Funding?
Founded by Dylan Elchami, E8 Funding has positioned itself as a pioneering prop trading firm based in the USA, providing worldwide funding opportunities. The firm has headquarters in Dallas and Texas in the USA, as well as an office in Prague, Czech Republic. This global presence allows traders to access capital up to $300,000 in balance, featuring an attractive 80% profit split and an opportunity to scale based on the profit generated from their funded accounts.
Funding Programs
E8 Funding offers three primary funding programs, each tailored to meet varying trader needs and preferences:
- Normal E8 Evaluation Program Accounts: This program consists of a two-phase evaluation process where traders aim to reach specific profit targets while adhering to maximum loss rules. Once successfully evaluated, traders receive a funded account with no profit targets.
- Extended E8 Evaluation Program Accounts: Similar to the normal evaluation program, this extended version also comprises a two-phase evaluation process but with slightly higher maximum loss rules. It provides traders with an opportunity to scale up their funded accounts.
- E8 Track Program Accounts: A three-phase evaluation program that allows traders to prove their skills and eventually earn a funded account with no profit targets. This program also enables scaling and provides an attractive profit split.
Trading Instruments and Platforms
E8 Funding offers traders a broad spectrum of trading instruments, including forex pairs, commodities, indices, equities, and cryptocurrencies. Leveraging up to 1:100, traders can diversify their portfolios and take advantage of market opportunities.
The trading experience is enhanced through well-established trading platforms—MetaTrader 4 and MetaTrader 5. These platforms provide a user-friendly interface and powerful analytical tools that assist traders in making informed decisions.
Realistic Capital Attainment
E8 Funding has set realistic trading requirements for its evaluation programs, making it attainable for traders to receive funding. The profit targets and maximum loss rules are fair and achievable, providing traders with a genuine opportunity to grow their trading capital.
Support and Community Engagement
While E8 Funding does not offer direct educational resources on its website, it compensates with a supportive and engaging community. Traders can actively discuss and share experiences on platforms like Forex Factory, where E8 Funding is often mentioned positively.
Additionally, the firm’s CEO, Dylan Elchami, actively engages with the community, promoting a positive and approachable company image. They also offer a free trial, allowing traders to experience their trading conditions before committing to any of the evaluation programs.
FAQs about E8 Funding
1. Is Dylan Elchami the CEO of E8 Funding?
Yes, Dylan Elchami is the founder and CEO of E8 Funding. He established the company with the goal of providing a unique and approachable way for individuals to become professional funded traders, managing capital from anywhere in the world.
2. What are the funding program options at E8 Funding?
E8 Funding offers two main funding programs: the E8 Evaluation Program and the E8 Track Program. The Evaluation Program has two variations: the normal E8 evaluation program and the extended E8 evaluation program.
3. What are the account sizes and prices for the E8 evaluation program?
The E8 evaluation program offers account sizes ranging from $25,000 to $250,000, with corresponding prices of $228 to $988.
4. What is the profit target for the E8 evaluation program?
The profit target for phase one of the E8 evaluation program is 8%, and for phase two, it is 5%.
5. What is the maximum daily loss for E8 evaluation program accounts?
The maximum daily loss for all account sizes in the E8 evaluation program is 5%.
6. Is there a maximum loss rule for E8 evaluation program accounts?
Yes, there is a maximum loss rule for all account sizes in the E8 evaluation program, set at 8% and can be scaled up to 14%.
7. How often can traders request a profit split in the E8 evaluation program?
Traders can request a profit split at the end of each trading period in the E8 evaluation program.
8. What trading instruments are available for the E8 evaluation program accounts?
Traders in the E8 evaluation program can trade forex pairs, commodities, indices, equities, and cryptocurrencies.
9. What is the account pricing for the E8 Track program?
The E8 Track program offers account sizes ranging from $25,000 to $250,000, with corresponding prices of $138 to $598.
10. What is the profit target for the E8 Track program?
The profit target for all three phases of the E8 Track program is 5%.
11. Is there a maximum daily loss for E8 Track program accounts?
Yes, the maximum daily loss for all account sizes in the E8 Track program is 5%.
12. Is there a maximum loss rule for E8 Track program accounts?
Yes, there is a maximum loss rule for all account sizes in the E8 Track program, set at 8% and can be scaled up to 14%.
13. What trading instruments are available for the E8 Track program accounts?
Traders in the E8 Track program can trade forex pairs, commodities, indices, equities, and cryptocurrencies.
14. What is the commission structure for trading with E8 Funding?
E8 Funding has a varied commission structure based on the asset being traded, calculated as a percentage of the current price of the instrument and the lot size.
15. What are the trading platforms supported by E8 Funding?
E8 Funding supports trading on MetaTrader 4 and MetaTrader 5.
16. Does E8 Funding offer educational resources?
E8 Funding does not provide educational content on its website. However, they offer a free trial to allow traders to familiarize themselves with their trading conditions.
17. Where can I find traders’ comments and reviews about E8 Funding?
Traders’ comments and reviews about E8 Funding can be found on review platforms like Trustpilot, Forex Factory, and other forums where traders share their experiences.
18. What are the social media platforms where I can follow E8 Funding?
E8 Funding can be found on various social media platforms including Instagram, Facebook, Twitter, YouTube, and Telegram, where they share updates and interact with their community.
19. How can I contact the support team at E8 Funding?
The support team at E8 Funding can be contacted via email at support@e8funding.com or through the live chat available on their website during their working hours.
20. Where can I see live spreads for trading with E8 Funding?
Traders can check live spreads by logging into their trading account on the MetaTrader 4 or MetaTrader 5 platforms provided by E8 Funding.
21. Is there a live chat support available on E8 Funding’s website?
Yes, E8 Funding offers live chat support on their website during specific hours from Monday to Friday and on weekends.
22. Can I use EAs (Expert Advisors) with E8 Funding accounts?
Yes, you can use Expert Advisors (EAs) with E8 Funding accounts. However, be cautious about the risks associated with third-party EAs and exceeding the maximum capital allocation rule.
23. Can I trade over the weekends with E8 Funding accounts?
Yes, you can trade over the weekends with E8 Funding accounts. They have almost no restrictions on your trading style, allowing you to hold trades during weekends and news events.
24. Are there any restrictions on trading style with E8 Funding?
E8 Funding has minimal restrictions on trading styles, allowing traders to trade freely, including holding positions during news events and weekends.
25. Is there a difference in trading conditions for different account sizes in E8 Funding?
The trading conditions, including profit targets and maximum loss rules, remain consistent across different account sizes within each evaluation program at E8 Funding.
26. Is there a difference in pricing for different account sizes within the same program at E8 Funding?
Yes, the pricing varies based on the account size within the same program at E8 Funding, with higher account sizes incurring higher pricing.
27. Can I withdraw profits from my funded account anytime?
Once you are funded, you can withdraw profits from your funded account on a bi-weekly basis, and your first payout is available after a specified calendar days from placing your first position.
28. Can I request a profit split at the end of each trading period in the E8 Track program?
Yes, traders in the E8 Track program can request a profit split at the end of each trading period, following the same scaling plan as in the E8 evaluation program.
29. Is E8 Funding a suitable option for traders with various trading styles?
Yes, E8 Funding caters to a wide range of trading styles by offering programs with different evaluation phases, allowing traders to choose the most suitable option based on their trading approach.
30. Are there any hidden fees or charges associated with the evaluation programs at E8 Funding?
E8 Funding maintains a transparent fee structure, and there are no hidden fees or charges associated with their evaluation programs. The fees are clearly outlined based on the chosen account size and program.
Final Thoughts
E8 Funding stands as a beacon of hope for traders aspiring to succeed in the financial markets. With a commitment to simplicity, achievable goals, and transparent practices, the firm has positioned itself as a notable player in the proprietary trading industry.
For traders seeking an opportunity to trade with well-structured evaluation programs, attractive profit splits, and a supportive community, E8 Funding is certainly worth considering. It provides a solid foundation for traders to embark on a journey towards financial prosperity.
