E8 Markets Account Types

Introduction

E8 Markets provides a range of proprietary trading account types that allow traders to demonstrate their skills before gaining access to live, funded accounts. Unlike traditional brokerage accounts, these accounts are part of a challenge-based model that requires traders to successfully complete an evaluation process. Understanding the structure of these accounts and the requirements for accessing real capital is crucial before committing to any purchase.

E8 Markets does not allow traders to skip the evaluation stages or start directly with a funded account. This article critically examines the different account types available, their pricing structures, evaluation steps, and other important details.

Overview of Available Account Types

E8 Markets offers two primary account models designed to evaluate traders at different paces and levels. These models are structured around different phases and timelines, with each one offering specific evaluation criteria and profit-sharing potential.

E8 Evaluation Account

The E8 Evaluation is the standard account model provided by E8 Markets. It follows a two-phase evaluation process designed to assess traders' abilities in managing risk and achieving consistent profits. Here are the key details of the E8 Evaluation:

• Phase 1:
  • Profit Target: Achieve an 8% profit within a 30-day period.
  • Drawdown Limits: A daily loss limit of 5% and a maximum drawdown of 8%.
  • Trading Days: At least one trading day is required for Phase 1 to be valid.
• Phase 2:
  • Profit Target: Achieve a 5% profit within a 60-day period.
  • Drawdown Limits: The same drawdown rules apply as in Phase 1.

Upon successful completion of both phases, the trader is granted access to a funded account, where they can begin sharing profits. The profit split for the Evaluation model is set at 80%, with payouts available after completing the evaluation successfully.

E8 Track Account

The E8 Track account provides a more gradual evaluation process and is suited for traders who prefer a longer timeline to demonstrate their skills. This model consists of three stages, each with its own profit target.

• Stage 1: Profit Target: 8% profit.
• Stage 2: Profit Target: 5% profit.
• Stage 3: Profit Target: 5% profit.

While the required profit targets are the same as in the Evaluation model, the Track model provides a more extended evaluation process. The drawdown limits remain consistent with the Evaluation model, meaning any breach of the daily or maximum drawdown rules results in disqualification. The Track account follows the same profit-sharing structure, offering traders 80% of the profits after passing the evaluation.

Pricing Structure and Account Sizes

E8 Markets offers different pricing tiers for each account type. These prices are paid upfront, and there is no refund policy, even if the trader successfully passes the evaluation. Traders do not directly receive the account size they select; instead, they gain access to a simulated environment that mirrors the risk parameters of the chosen account size.

Pricing Table

The pricing for the E8 Track model follows a similar structure, but the exact rates are provided only during the purchase stage.

Common Rules Across All Accounts

E8 Markets applies a consistent set of rules across all account types and sizes. These rules govern risk management, trading strategies, and account activity.

Key Rules:

• Leverage: Fixed at 1:100 for forex and most CFDs.
• Scalping and Automated Trading: Both are allowed, including the use of Expert Advisors (EAs).
• Weekend Trading: Prohibited. Positions must be closed by Friday market close.
• Account Inactivity: If no position is opened for 14 consecutive days, the account will be flagged for inactivity. This rule applies during both the evaluation and funded phases.

Technical Conditions and Platform Access

Traders on both account models are provided with access to MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms, which are offered through E8's server infrastructure. Traders must select their preferred platform at the start of the evaluation process, and there is no option to change platforms later.

• Web-based terminals: There are no web-based terminals, and all trading is done through the desktop platforms.
• Mobile Trading: Mobile trading is allowed, but it operates under the same risk parameters as desktop accounts.
• E8X Dashboard: Available only after activation, providing performance analytics and monitoring tools for traders who pass the evaluation phase.

Evaluation Process Flow

The process for onboarding and account activation is straightforward, with the following steps:

1. Select account type and size: Traders choose their preferred account type and the amount of simulated capital.
2. Payment: A one-time, non-refundable fee is paid for the selected account model.
3. Receive credentials: Traders receive their MT4/MT5 credentials by email.
4. Start evaluation: Traders begin the evaluation phase(s), adhering to the profit and risk management rules.
5. Access funded account: Upon successful completion of the evaluation, traders receive access to a funded account.

There are no trial periods or demo pricing options. Traders must successfully pass the evaluation to access live trading capital.

Summary of Limitations and Considerations

Before choosing an account type, traders should be aware of the following limitations:

• No refunds: Account fees are non-refundable, even if the trader successfully passes the evaluation.
• No model or size switching: Once an account type is purchased, it cannot be switched or modified.
• Fixed leverage: Leverage is fixed at 1:100 and cannot be adjusted.
• Drawdown limits are strict: Exceeding the daily or total drawdown limits results in disqualification from the evaluation process.
• Limited performance tools: There is no in-terminal guidance, and traders only receive post-trade performance analysis.

Traders should thoroughly understand these factors before committing to an account type.

FAQ Section

Which E8 account type is easier to pass?

The E8 Track model provides a longer evaluation process, which may be preferable for traders who want more time to prove their skills. The E8 Evaluation model is faster but more time-constrained.

Can I upgrade from one account type to another?

No, once an account type is selected and purchased, it cannot be switched or modified.

Is the profit split the same for all account types?

Yes, all funded accounts offer an 80% profit share to the trader, regardless of the model or size.

Can I choose leverage on my E8 account?

No, leverage is fixed at 1:100 and cannot be adjusted for any account type.

What happens if I break a rule during the evaluation?

Any rule violation, such as exceeding the drawdown or holding trades over the weekend, leads to disqualification without refund.