Who is E8 Markets?
E8 Markets was founded in 2021 to create a seamless and trader-centric proprietary trading experience. The firm is led by CEO Dylan Elchami, supported by a team of prop trading professionals and fintech experts. E8 Markets focuses on innovation, transparency, and flexibility, offering a variety of programs to cater to traders with different skill levels and styles.
Mission and Vision:
- To provide traders with a clear and supportive pathway to manage significant trading capital.
- To foster a global community of professional traders by offering flexible evaluation processes and reliable support.
Evaluation Programs: How to Get Funded
E8 Markets offers multiple evaluation programs, each tailored to meet different trading styles and goals. Here’s a breakdown of their most popular options:
1. E8 Classic Account
- Structure: Two-phase evaluation process.
- Phase 1: Traders must achieve an 8% profit target while adhering to a 5% daily loss limit and 10% overall drawdown limit.
- Phase 2: Profit target reduced to 5%, with the same risk parameters as Phase 1.
- Trading Days: Minimum of 5 trading days required in each phase; no maximum time limit.
- Objective: To test profitability and risk management skills over two stages.
2. E8 Track Account
- Structure: Multi-phase evaluation process with progressive goals.
- Features: Designed to guide traders through a structured path to funding.
- Focus: Rewards consistent performance over time, emphasizing gradual progression.
3. E8 One Account
- Structure: A single-phase evaluation process.
- Profit Target: Traders must achieve a 10% profit target while adhering to risk parameters, including a trailing drawdown.
- Who it’s for: Traders seeking a faster route to funded accounts.
4. Custom Evaluation
- Tailored Assessments: Allows traders to customize parameters such as profit targets, drawdown limits, and timeframes.
- Flexibility: Ideal for traders with specific strategies or requirements.
Trading Rules and Risk Management Policies
E8 Markets enforces clear and strict rules to ensure a disciplined trading environment:
1. Risk Management Rules
- Daily Loss Limit: Traders cannot exceed a 5% loss in a single trading day, including both realized and unrealized losses.
- Overall Drawdown Limit: Capped at 10% of the account’s starting balance.
- Trailing Drawdown: In some programs, this rule applies to unrealized profits, which adjusts the maximum drawdown based on the highest account balance.
2. Trading Strategies
- Permitted: Strategies such as scalping, swing trading, and day trading are allowed, provided they adhere to the firm’s risk parameters.
- Prohibited:
- Hedging across multiple accounts.
- Latency arbitrage and server manipulation.
- News-straddling strategies.
- Excessive high-frequency trading that exploits platform inefficiencies.
3. Consistency Requirements
Traders are expected to maintain consistent trading behavior:
- No sudden spikes in trade size.
- Avoiding an “all-or-nothing” approach that deviates significantly from typical strategy.
4. News and Weekend Trading
- News Trading: Allowed but monitored closely for high-impact events to prevent exploitation of market volatility.
- Weekend Holding: Permitted across most accounts, enabling flexibility for swing and long-term traders.
Trading Platforms and Instruments
E8 Markets provides access to industry-standard platforms and a wide range of instruments:
Platforms:
- MetaTrader 4 (MT4): Known for its simplicity and widespread use.
- MetaTrader 5 (MT5): Offers advanced features, including multi-asset trading and enhanced analytics.
Tradable Instruments:
- Forex Pairs: Major, minor, and exotic currency pairs.
- Indices: Global indices, including S&P 500 and NASDAQ.
- Commodities: Precious metals, oil, and agricultural products.
- Cryptocurrencies: Popular digital assets like Bitcoin and Ethereum.
Profit Sharing and Payouts
E8 Markets offers competitive profit-sharing and efficient payouts for funded traders:
Profit Split:
- Starts at 80%, with potential increases for consistent and high-performing traders.
- Traders keep a significant share of their profits, promoting long-term engagement.
Payout Frequency:
- Traders can request payouts bi-weekly, with no restrictions on minimum withdrawal amounts.
- Payments are processed promptly, providing financial flexibility.
Educational Resources and Support
E8 Markets places a strong emphasis on trader development:
- Educational Tools: Includes webinars, tutorials, and guides to improve trading knowledge and performance.
- Customer Support: Offers responsive assistance through live chat, email, and a detailed FAQ section.
Pros and Cons of E8 Markets
Pros:
- Flexible Programs: Multiple evaluation options cater to different trader needs.
- Competitive Profit Splits: Retain up to 80% of profits with opportunities for higher shares.
- Wide Instrument Range: Access to forex, commodities, indices, and cryptocurrencies.
- No Time Limits: Reduced pressure on traders to meet profit targets.
Cons:
- Trailing Drawdown Rules: Can limit traders’ ability to capitalize on unrealized profits.
- Fee Structure: Evaluation fees may be higher compared to some competitors.
- Limited Platform Innovation: Reliance on standard MT4/MT5 platforms without proprietary tools.
Conclusion
E8 Markets is a reputable proprietary trading firm offering diverse evaluation programs, competitive profit-sharing, and a wide range of tradable instruments. Its focus on flexibility and education makes it appealing to traders at various skill levels. However, the complexity of some rules, such as trailing drawdowns, and higher fees may deter certain traders.
Prospective traders should thoroughly review E8 Markets’ rules and offerings to ensure alignment with their trading strategies and goals. While the firm provides ample opportunities, understanding its nuances is essential for maximizing success.
