E8 Funding Review 2024

Last Updated on 5 months by Hartwell

Hello, Forex traders, I’m Eben Carter, a professional forex trader and chief trade analyst at Forex Trading Journals (FTJ). Our main purpose for this write-up is to present the inside-out facts and features in front of the traders with my legit experience with E8 Funding. We traded real money in order to help traders aid in decision-making, get funded, and make profitable forex trading journeys with them.

First, I would definitely say how I was netted in taking the decision to trade with E8 Funding. When I was assigned to find an emerging forex prop firm with a good track record and well acceptance in the trading community, I was quite puzzled to come up with a name. So I did some research, and E8 Funding took sight immediately as we browsed social media and different forex trading communities.

So as I stepped forward, I had to look down on them as a company to see if they were legit, had a strong funding backup, or if they really cared about the traders. The data I looked for in the first place is listed below.

E8 Funding Company Overview

Face of E8 Funding

E8 Funding – Prop Trading Overview

The next step I focused on was to find out the account offerings and the conditions related to the fund possessed.

E8 Funding Account Types and Fees

E8 Funding offers 3 types of accounts: E8 Account, E8 Track, and ELEV8 Account. The E8 Account type has two modes: extended and normal. I traded in normal mode. However, the Extended mode offers more of a maximum trading day, additionally, a minimum trading day restriction, and an increased overall drawdown bar. But the extension doesn’t require you to pay more for the fees. I think the benefit that comes with the extended mode is just a more relaxed trading environment to get through the evaluation phases and get funded.

In my experience with the normal mode, I made a profit of $6,890, which was way more than the required target of $4,000 on a $50,000 phase-1 evaluation account. I’m not bragging about it, but I believe anyone who would attempt this evaluation phase would pass through it comfortably. But the condition is.. one must trade sensibly with a plan and a proper risk management strategy.

However, I chose the normal mode for the reason that it doesn’t require me to trade everyday; there is no real pressure on me, which also gave me the opportunity to set a solid trading strategy. That’s also resulted in my daily drawdown not going beyond $530. This was the highest daily loss I suffered, but I also recovered pretty quickly. 

My Phase 2 experience was quite relaxed; since the profit target is set close to half of Phase 1, it wasn’t really a pressure for me, and I believe it won’t be for you as well. It’s all about being sensible, compatible, and responsible.

My E8 Funding Phase Objectives (Regular: $50,000)

E8 Funding Tradable Instruments and Spreads

E8 Funding offers a long range of tradable instruments, and apart from forex currency pairs, the other instruments include commodities, indices, equities, and different currencies. Before I opened my trading account with them, I looked at all the offered instruments and spreads. It helps to create a trading plan accurately.

E8 Dashboard Tour

All things considered, E8 Funding has a very dynamic dashboard; you may sign up to see what’s in there for you, or you can peek at mine. They’ve got cool stuff like options for checking out orders, a leaderboard where you can see how E8 traders rank, and a slick funding center – that’s where we traders handle our funds and even make withdrawal requests. Oh, and don’t miss the list of tradable instruments right under the Funding Center.

Then I found the economic calendar there. Although I follow our Forex Trading Journals’ Economic Calendar, but it’s a nice gesture from them to integrate an economic calendar in the dashboard. And hey, you can also hop right onto the trading platforms from the dashboard—super handy!

However, I loved how they organized the dashboard and how it really looks. It’s not overloaded with a bunch of unnecessary stuff; they’ve kept it simple with just what you need. I’d probably give the dashboard a solid 9.5 out of 10!

E8 Payment Proof and Profit Split

Getting the payouts regularly is a concern for forex traders. With E8 Funding, it has never been the case for me so far. They were to share with me as much as 80% of what I made trading in their funded account. I made $5,171.25 during that time, and they disbursed me the payout of $4,137 within the next 7 days of the following month. 

E8 Funding Education, Tools, and Application

Choosing a forex prop firm requires a trader to have a number of benefits, including educational contents, tools, and a full-fledge, dynamic mobile applications. At least for me, it is important to have these checks.

Additionally, there is now a dedicated blog area for E8 Funding traders and enthusiastic traders, which can be accessed through browsing E8 Blogs. Here, the blogs function as a source of educational content and guidance. These are perhaps the most frequently requested questions in the trading community. Furthermore, this will support both beginner and seasoned traders in solidifying their trading strategy for a profitable trading portfolio.

However, we found a webapp for E8 Funding on iOS phones. Here is how it works:

Trading Assets and Instruments

E8 Funding offers 56 trading assets and instruments in total. Almost all the popular and tradeable currencies can be traded through the E8 Funded account. Moreover, other assets, like stocks of most popular companies like Apple, Tesla, Netflix, Meta and stock index like US100, US500, US30, and EU50 can also be traded. Commodities like XAG(Silver), XAU(Gold) can also be traded through E8 Funding. We could also trade the Cryptocurrencies like Bitcoin, Etheriam, Dashcoin, and Litecoin.

Reputation and E8 Funding Reviews

As Warren Buffett says, “Your reputation is like a shadow; it’s the result of what you do, but it’s also the most important thing to know about you”. E8 Funding’s reputation among the trading community is an important thing that I took into account before I invested the money. Additionally, I’ve personally reached out to different traders who have already traded with E8 Funding. This is how I do my homework before choosing a prop firm.

E8 Funding has an excellent rating on Trustpilot and Trustindex. Within more than 1400 reviews, the prop firm had 95% positive responses. Trustindex ranked them highly recommended as well, with over 150 positive responses. Although quite a few complaints were dropped against their service, E8 must admit and resolve the issues in order to be a more dependable prop firm for forex traders.

 E8 Alternatives

Although E8 Funding is doing well in offering traders the best possible features and facilities, they now face a bunch of close competitors breathing down their necks. E8 Funding’s competitors are also providing attractive deals to attract clients and offering them a real profit dynamic.

E8 Markets : Areas of Improvement

Customer Support

The kind of market E8 Funding operates requires 24/7 support, yet offering support for a limited time is quite regrettable, as this is the case for them, and I find it very contradictory to their promised service to the traders. So, if I encounter a situation during a market event or during the weekly off days when I must modify or reorganize my risk management plan and need the firm’s assistance, I’m unlikely to have them on my side if they only operate for a limited time.