E8 Markets Review
Introduction
E8 Markets is a proprietary trading firm that offers an evaluation-based model, allowing traders to prove their skills and earn the opportunity to trade with the firm's capital. Unlike traditional brokers, E8 Markets focuses on giving traders access to funded accounts after passing evaluation phases that test their trading abilities under real market conditions. In this review, we will analyze the platform's features, account types, trading conditions, payout structure, and other key aspects to help you decide if E8 Markets is right for you.
Key Features of E8 Markets
E8 Markets provides a range of features tailored to both novice and experienced traders. The firm's main attraction is its ability to offer funded accounts to those who pass their evaluation tests. The platform integrates advanced tools, flexible risk management, and a transparent payout structure, making it an appealing option for traders looking to scale their trading careers.
Account Types and Evaluation Models
E8 Markets offers several evaluation models, each with a different structure to suit various trading strategies and experience levels. These models are designed to help traders demonstrate their skills in a simulated environment before receiving real capital.
E8 Evaluation
The E8 Evaluation is the standard two-step evaluation model that most traders use to qualify for a funded account.
- Phase 1: Traders must achieve an 8% profit within 30 days.
- Phase 2: After passing Phase 1, traders are required to achieve a 5% profit within 60 days.
- Drawdown Limits: A daily loss limit of 5% and a total drawdown of 8% apply during both phases.
- Payout Structure: Successful traders can receive an 80% profit split.
This model is suitable for traders who are comfortable with a moderately paced evaluation process.
E8 Track
The E8 Track account offers a more gradual, three-phase evaluation, ideal for traders who prefer a longer assessment period.
- Stage 1: Achieve 8% profit.
- Stage 2: Achieve 5% profit.
- Stage 3: Achieve 5% profit.
The E8 Track model is designed to provide traders with more time to demonstrate consistent profitability, but it still comes with the same drawdown rules as the E8 Evaluation model.
Payout Structure
E8 Markets offers a competitive profit-sharing structure, which rewards successful traders after they complete the evaluation phases. Traders who are approved for a funded account receive a profit split of up to 80%, which is fairly standard for prop firms. The payout system is designed to be transparent, with the first payout available after 8 days, and subsequent payouts processed every 14 days.
| Account Type | Profit Target | Drawdown Limits | Profit Split | Payout Frequency |
|---|---|---|---|---|
| E8 Evaluation | 8% (Phase 1) + 5% (Phase 2) | 5% daily, 8% total | 80% | Every 14 days |
| E8 Track | 8% (Stage 1) + 5% (Stage 2) + 5% (Stage 3) | 5% daily, 8% total | 80% | Every 14 days |
Trading Conditions
E8 Markets provides traders with the necessary tools and conditions to succeed in the financial markets. Here are the key trading conditions offered:
- Leverage: E8 Markets offers a leverage of 1:100, which is standard for most prop trading firms.
- Trading Platforms: Traders can access the platform using MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are well-known and widely used by traders across the globe.
- Supported Instruments: E8 Markets allows trading on forex, futures, and commodities, providing a broad range of instruments to suit different trading strategies.
The platform supports advanced charting tools and technical indicators to assist traders in their decision-making process. These features, coupled with a user-friendly interface, ensure that traders have access to everything they need to execute their strategies.
Advantages and Disadvantages of E8 Markets
Advantages:
- Transparent Evaluation Process: E8 Markets offers a clear and structured evaluation process, ensuring traders know exactly what is required to access funded accounts.
- Multiple Account Models: With the E8 Evaluation and E8 Track accounts, traders can select a model that suits their trading style and pace.
- High Profit Split: Traders can earn up to 80% of their profits, which is a competitive offering in the industry.
- Advanced Trading Tools: Integration with MT4 and MT5, as well as access to TradingView charts, provides traders with powerful technical analysis tools.
Disadvantages:
- No Live Trading Before Evaluation: Traders cannot start with a live account directly, and must first pass the evaluation phase.
- Strict Drawdown Limits: The platform enforces strict daily and total drawdown limits, which might be challenging for high-risk traders.
- No Regulation: E8 Markets is not regulated by major financial authorities, which could be a concern for traders who prioritize regulatory oversight.
FAQ Section
- What is the E8 Markets evaluation process?
- The evaluation process involves completing one or two phases where traders must achieve specific profit targets while adhering to drawdown limits. Upon success, traders are granted access to a funded account.
- What is the profit split on E8 Markets?
- E8 Markets offers an 80% profit split to traders who pass the evaluation and are granted a funded account.
- Can I trade using MetaTrader on E8 Markets?
- Yes, E8 Markets supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for trading.
- How long does it take to withdraw profits?
- The first payout is available 8 days after completing the evaluation, with subsequent payouts processed every 14 days.
- What are the drawdown limits at E8 Markets?
- The drawdown limits are 5% daily and 8% total, which apply during both the evaluation phases and the funded trading period.
Conclusion
E8 Markets presents an appealing option for traders who are interested in a clear, structured path to access funded accounts. The evaluation models, flexible risk management rules, and competitive profit split make it an attractive choice for traders looking to prove their skills. However, the strict drawdown rules and the lack of direct live trading access may be deterrents for some. As with any prop trading firm, it’s crucial to carefully assess whether the terms align with your trading style and goals before committing.