E8 Markets Trading Fees
Introduction
Before choosing any prop trading platform, it’s important to understand the cost structure. This article examines trading fees at E8 Markets based solely on data provided on their official website. The aim is to identify any possible cost implications for users—whether during evaluation, scaling, or live account phases. This is a review, not a promotion.
Evaluation and Scaling Account Costs
The initial cost in E8 Markets is the one-time fee for accessing the evaluation account. This fee is not a commission or a spread-related charge but rather a fixed payment to access the trading challenge. The cost varies depending on the selected account size and model. For example, the E8 Account and E8 Track have different fee tiers.
Fee Range by Account Size
Below is a simplified breakdown based on official pricing:
| Account Type | Size | One-Time Fee | Refundable? | Commissions Included? |
|---|---|---|---|---|
| E8 Account | $25,000 | $188 | Yes | Yes |
| E8 Account | $50,000 | $288 | Yes | Yes |
| E8 Account | $100,000 | $488 | Yes | Yes |
| E8 Account | $200,000 | $798 | Yes | Yes |
Important: All fees are charged once and include access to both evaluation and scaling phases. If the evaluation is passed, the trader gets the same account size with real profit-sharing potential.
Commission Structure
Commissions on E8 Markets are included in the spreads, according to the official site. There are no extra per-lot commissions charged on top of the spread. This means users won't see a separate cost line for commissions in most platforms connected to E8.
However, spreads vary depending on the asset class. These are not fixed and will differ based on liquidity, market conditions, and trading hours.
Swap and Holding Costs
E8 Markets applies swap fees for overnight positions. These are standard swap rates and vary by instrument. Traders should note that the platform does not offer swap-free trading. Therefore, for swing traders or those holding positions for multiple days, swap fees can accumulate and must be factored into overall profitability.
Platform and Technology Access Fees
There are no additional platform usage fees mentioned. Once the evaluation fee is paid, the trader receives access to the E8X dashboard and the MetaTrader 4 or 5 trading platforms. There are no monthly maintenance or tech fees, which simplifies the structure.
Payouts and Cost Transparency
Traders can request payouts after 8 calendar days from their first trade. There is no fee for requesting a payout. E8 uses Deel and other third-party providers for withdrawals, and any third-party charges are not covered by E8.
The refund of the one-time fee (if the challenge is passed) is included in the first payout. This refund mechanism creates transparency but also requires the trader to meet specific payout conditions.
Spread Example Breakdown
While E8 does not provide an exact list of average spreads on its site, they mention the use of raw spreads with included commissions. Based on platform feedback, typical spreads on major forex pairs can range between 0.1 to 1.0 pips. Spreads on indices and commodities may be wider.
Spread Influencing Factors
- Instrument type
- Time of day
- Market volatility
Traders should always test spreads during the evaluation phase, as they directly impact execution costs.
Summary of All Charges
Below is a list to summarize trading-related costs:
- One-time challenge fee (varies by account type and size)
- Swap charges on overnight positions
- Spreads with included commissions
- No platform or withdrawal fee from E8 directly (third-party providers may charge)
- Fee refunded upon successful payout
Costs Not Covered
There are a few areas where the trader should be cautious:
- Third-party transaction costs: Any processing fee from providers like Deel is not reimbursed.
- Hidden broker costs: As E8 connects to brokers using liquidity providers, market conditions may affect real-time spreads.
- Failed challenge repeat: If a user fails the evaluation, the initial fee is not refunded, and a new challenge must be purchased.
Practical Observations
- The absence of commission-on-top might seem beneficial, but wide spreads could offset that.
- Lack of swap-free accounts may limit long-term holding strategies.
- While refunds exist, users must first generate a payout to qualify.
When Costs Become Noticeable
- Holding trades overnight
- Trading during news events
- Using high leverage on assets with wider spreads
Understanding where and when these costs emerge is essential for account management and profit planning.
Conclusion
The trading fee structure at E8 Markets is simple in form but not without nuance. While there are no daily platform charges or additional monthly fees, costs are embedded in spreads and swaps. Traders should carefully consider these elements before committing to the evaluation.
The one-time payment is the most visible cost, but hidden costs may emerge depending on trading style. Always test spread behavior during the evaluation to avoid surprises. E8 Markets presents a relatively clear fee system, but full awareness is still essential for accurate financial planning.
FAQ
- 1. Are the E8 Markets trading fees refundable?
- Yes, the one-time fee is refundable only after a successful payout is requested from a funded account.
- 2. Does E8 Markets charge commission per trade?
- No, commissions are included in the spreads. There are no separate per-lot fees.
- 3. Are there any monthly charges or platform fees?
- No. Access to the dashboard and trading platforms is included in the initial fee.
- 4. What are the overnight holding fees?
- E8 applies standard swap rates for overnight positions. These vary depending on the instrument.
- 5. Do withdrawal methods have fees?
- E8 does not charge withdrawal fees directly, but third-party processors like Deel may apply their own fees.