E8 Funding Review with Rankings 2024 By Dumb Little Man

A “prop firm”, also known as a proprietary trading firm, are business that invests directly on behalf of the company rather than through third parties. These businesses use their own capital to profit from market action, giving traders a unique environment. E8 Funding is one prop firm that stands out in this market.

E8 Funding is dedicated to fostering the growth of traders and provides more than simply business by assisting a community of passionate traders. This prop firm has a user-friendly platform with its state-of-the-art technology and simulated market feeds, making it an excellent choice for both all traders.

This E8 Funding review aims to present a fair assessment through the integration of real-world user experiences and professional analysis by the Dumb Little Man’s trading experts by looking at the platform’s efficacy and offerings within the trading sector.

What is E8 Funding?

Founded on November 5, 2021, E8 Funding is said to be the best prop firm that has grown to become a major player in the market. E8 Funding is a big prop trading firm, serving traders from all over the world, and has offices in both the US and the Czech Republic.

Because of the system’s unique features, traders can work with up to $300,000, and depending on their trading performance, they can earn up to 80% profit split and potentially scale their accounts.

Opportunities for trading in a variety of markets, including Forex, indices, metals, commodities, cryptocurrencies, and equities, are offered by the company.

Minor and major currency pairs, and exotic Forex pairs, important indices like the Nasdaq and Dax, precious commodities like gold and silver, crude oil, and well-liked cryptocurrencies and stocks are all available to traders.

E8 Funding is a desirable choice for traders with a variety of hobbies and trading styles due to its extensive asset selection.

The way that E8 Funding finances traders is unique. Aspiring traders who successfully complete a trading challenge that assesses their performance and talents can access significant funds. Because it emphasizes talent and performance rather than requiring a large personal investment, this model is especially helpful for beginners.

E8 Funding guarantees stable and dependable trading platforms for its consumers through its relationship with Purple Trading Seychelles.

Pros and Cons of E8 Funding

Pros

• Weekend and overnight trading is encouraged
• Three types of accounts to select from this prop trading firm
• Easy-to-use dashboard
• Availability of more trading capital
• No limitations on the style of trading
• Trading platforms with many features, like MT4/5
• Leverage of 1:100 for possible profits
• Five trading instruments and a variety of trading options

Cons

• Money upfront for the evaluation
• High fees for commissions
• Maximum daily drawdown depending on equity is 5%.
• Customer support team is not available 24/7

Safety and Security of E8 Funding

Following extensive investigation and consideration of Dumb Little Man’s analysis, the security and safety of E8 Funding can be summed up as follows:

Having its registration in Texas, USA, like other prop firms, E8 Funding is a legal business. However, it’s crucial to understand that, in contrast to conventional financial institutions, proprietary trading platforms like E8 Funding frequently function under less regulatory oversight from financial authorities.

This lower level of monitoring indicates that when assessing the company, care and diligence should be taken.

To safeguard its consumers, E8 Funding has put in place important security safeguards. Traders can use Two-Factor Authentication (2FA) to improve account security. Furthermore, a stringent Know Your Client (KYC) procedure is implemented, incorporating biometric authentication via Deel.

For traders to retrieve their earnings, this procedure is essential. A better level of security and compliance is ensured by the fact that traders cannot withdraw their profits if KYC standards are not met.

E8 Funding Bonuses and Contests

Currently, E8 Funding does not have any ongoing contests or bonus programs. However, traders and investors should remain attentive to future opportunities. E8 Funding may introduce contests and bonuses, which could provide additional incentives for their users.

Staying informed about upcoming events and offerings from E8 Funding is advisable for those interested in maximizing their trading experience.

E8 Funding Customer Reviews

As of right now, E8 Funding has a 4.7-star rating on Trustpilot, indicating that most of its users are satisfied. Clients like Matthew and Sandro have given the company high marks for its trading interface, excellent website, and simple payout procedure.

While some, like Matthew, have complained about payout delays, others have expressed delight with their first payouts and reimbursements. Not all evaluations, though, are favorable. David, one of the customers, complained about a lengthy wait to withdraw profits and the rude and ambiguous comments he received from customer service.

This conflicting reply emphasizes how crucial it is to weigh the advantages and potential disadvantages of E8 Funding equally.

E8 Funding Commissions and Fees

With its substantial profit split plan that gives traders an amazing 80% of the gains from their profitable trades, E8 Funding distinguishes out from the competition. This rate is much higher than the industry average, which usually falls between 40 and 70 percent.

This profit split tells E8 Funding’s dedication to appreciate the effort, knowledge, and risks taken by its traders. In addition to raising the trader’s take-home pay, the larger profit share gives them greater flexibility to hone their trading techniques and look into new avenues.

Offering a larger profit share is part of the company’s goal to encourage traders to give their best effort. Both the traders and E8 Funding gain from this arrangement since greater dealer profits stimulate more trading volume and the company’s overall profitability.

The trader’s profits support the company’s expansion in this mutual growth model.

A big plus for a funded trader looking to improve their trading career is E8 Funding’s profit share policy. The foundation for greater rewards and advancement in the trading industry is laid by this strategy. Those who are interested are urged to go to the E8 Funding website to learn more about how to get started.

E8 Funding Account Types

E8 Funding has two account types with various phases and account sizes from $25,000 up to $250,000.

Below are the different account types and their conditions like Performance Target, Minimum Trading Days requirement, and more, based on $25,000 account size.

E8 Account (Normal and Extended Extended)

Phase 1

• Performance Target:$ 2,000
• Min. Trading Days: 0 for Normal, 5 Days for Extended
• Max. Trading Days: Unlimited
• Daily Drawdown: $ 1,250
• Overall Drawdown: $ 2,500
• Refundable Fee: 228

Phase 2

• Performance Target:$ 1,250
• Min. Trading Days: 0 for Normal, 5 Days for Extended
• Max. Trading Days: Unlimited
• Daily Drawdown: $ 1,250
• Overall Drawdown: $ 2,500
• Refundable Fee: Free

E8 Trader Stage

• Performance Target: Earn 80% of your profits
• Min. Trading Days: 0 for both Normal and Extended
• Max. Trading Days: None
• Daily Drawdown: $ 1,250
• Overall Drawdown: $ 2,000 for Noramal and $2,500 for Extended and both are Scalable to $3,500 on E8 Trader Stage
• Refundable Fee: Refund

E8 Track

Phase 1:

• Performance Target:$ 2,000
• Min. Trading Days: 0
• Max. Trading Days: Unlimited
• Daily Drawdown: $ 1,250
• Overall Drawdown: $ 2,500
• Refundable Fee: 238

Phase 2:

• Performance Target:$ 1,250
• Min. Trading Days: 0
• Max. Trading Days: Unlimited
• Daily Drawdown: $ 1,250
• Overall Drawdown: $ 2,000
• Refundable Fee: Free

Phase 3:

• Performance Target:$ 1,250
• Min. Trading Days: 0
• Max. Trading Days: Unlimited
• Daily Drawdown: $ 1,250
• Overall Drawdown: $ 2,000
• Refundable Fee: Free

E8 Trader Stage

• Performance Target: Earn 80% of your profits
• Min. Trading Days: 0
• Max. Trading Days: None
• Daily Drawdown: $ 1,250
• Overall Drawdown: $ 2,000 Scalable to $ 3,500 on E8 Trader Stage
• Refundable Fee: Refund

Opening an E8 Funding Account

Discover the seamless process of opening an account with E8 Funding, a leading proprietary trading firm, through these simple and straightforward steps. Follow this guide to embark on your trading journey with E8 Funding efficiently.

1. Visit the E8 Funding website to start the account creation process.
2. Select the ‘Sign Up’ option to initiate registration.
3. Fill in the registration form with your personal details, including name and email.
4. Create a secure password for your E8 Funding account.
5. Verify your email address by clicking on the link sent to your inbox.
6. Log in to your new account using your email and password.
7. Complete the required Know Your Client (KYC) verification by providing the necessary documents.
8. Choose your preferred trading account type and agree to the terms and conditions to finalize the setup.

E8 Funding Customer Support

E8 Funding has built-in chat support available on their website. It is available from 4 AM to 4 PM CST only on weekdays, and only from 8 AM to 1 PM CST on weekends.

Aside from that, E8 Funding is also available at support@e8funding.com if ever you have an important concern that can’t be answered or fixed on the live chat option.

It is also notable that E8 Funding does not have an available phone number for more urgent concerns.

Advantages and Disadvantages of E8 Funding Customer Support

E8 Funding Withdrawal Options

According to a trading professional’s test results shared by Dumb Little Man, E8 Funding offers distinct withdrawal options for both Regular and Extended accounts.

A trader with a Regular account type can request a payout at the end of their 14-day trading period via the E8 Funding website. The first payout is eligible after 8 calendar days, with subsequent payouts on a 14-day basis. Processing time is 1-2 business days, with receipt of profits in 1-3 business days, totaling 2-5 business days for the full process.

Payouts are made via Plane.com using regular bank transfers, and while no commissions are charged by E8 Funding, processing fees may be applied by the processor. There’s no minimum profit required for the first payout to receive the 80% share.

For the Extended account type, initial payout eligibility is after 14 calendar days, with the same cycle for future payouts. Processing times and methods are similar to Regular accounts. After signing the contract, traders must manually request the payout in their Plane account.

For the first payout, no minimum profit is needed to receive the 80% share, but thereafter, a minimum of $50 in profit is required.

In both account types, after a payout, traders can continue trading with their current balance, which is adjusted as a scaled balance, thanks to E8 Funding’s scaling program.

E8 Funding Challenges and Difficulties

Financial commitments and technology constraints are only two of the unique challenges that come with navigating the trading world with E8 Funding. These qualities are crucial to understand for traders who are considering using this platform.

Because the evaluation process requires an upfront payment, traders who are thinking about applying for E8 Funding should be ready to fulfill this obligation. In addition, direct phone support is less accessible in the absence of a call center. Prospective traders may take these aspects into account in addition to high commission costs.

Additionally, E8 Funding limits the allowed daily loss to a portion of the account’s value by imposing a 5% maximum daily drawdown based on equity. Traders may also run into problems with slippage, which is the discrepancy between the price at which a trade is performed and its intended price. Trading results and efficiency may be impacted by this.

How to Pass E8 Funding Evaluation Process

Successfully passing the evaluation process of E8 Funding demands a strategic and informed approach due to its rigorous standards. To improve your likelihood of success, it is vital to arm yourself with appropriate knowledge and techniques. Engaging in a detailed training program is a key step in this preparation, offering the necessary insights and skills to effectively navigate and conquer the E8 Funding evaluation.

Asia Forex Mentor – Rated Best Comprehensive Course Offering by Investopedia

For those earnestly aiming to pass the E8 Funding evaluation, Asia Forex Mentor comes highly recommended by trading experts at Dumb Little Man. This platform has successfully assisted thousands of traders in navigating their proprietary firm’s evaluation programs.

Founded by Ezekiel Chew, a renowned trading expert with over two decades of experience, Asia Forex Mentor is well-recognized in the trading community.

Ezekiel, who also leads the Golden Eye Group, has developed the One Core Program specifically to educate forex traders about what’s a profitable trading style and what strategies work. His approach in creating Asia Forex Mentor was to share his extensive knowledge, skills, and trading experiences with a broader audience.

Starting from humble beginnings with lessons for close friends, Ezekiel’s venture has expanded online, continuously helping traders worldwide enhance their trading skills.

How Could Asia Forex Mentor Help You Pass E8 Funding Challenge?

Asia Forex Mentor’s effectiveness in aiding traders to pass E8 Funding’s challenge is anchored in its highly regarded reputation and course offerings:

Best Comprehensive Course Offering: Awarded by Investopedia, a leading financial content website, Asia Forex Mentor’s One Core Program is recognized as the most comprehensive Forex course available. This recognition underscores the depth and breadth of the program, making it an ideal learning tool for those preparing for E8 Funding’s evaluation.

Best Forex Trading Training: The One Core Program was named the best forex training for beginners by Benzinga, a well-known source of financial, economic, and stock market news. Benzinga’s endorsement of the software underlines its usefulness for traders of all skill levels, from novice to advanced.

Best Forex Coach: The BestOnlineForexBroker website recognized Asia Forex teachers the top Forex tutor in 2021. Their appreciation emphasizes the program’s potential to help traders make large gains in FX trading.

Asia’s Best Forex Trading Course: In a comprehensive analysis conducted by renowned forex traders and trading platforms, Forex Mentor was recognized for its exceptional trading methods and systems.

These awards and recognitions attest to the One Core Program’s ability to meet and exceed the expectations of both novice and seasoned traders. Traders preparing for Funding Traders’ tasks should enroll in Asia Forex Mentor to prepare themselves with great ways and insights.

Asia Forex Mentor Members’ Testimonials

Good things have been said about Ezekiel Chew’s One Core Program by members of Asia Forex Mentor. They stress how it has completely changed the way they perceive trading, particularly for novices. User testimonials from people like Tyler, Shane, and Moshin commend the software for its ability to simplify difficult trading ideas and for Ezekiel’s efficient teaching methods.

The training is renowned for its methodical and direct approach, which significantly improves traders’ abilities and self-assurance in handling actual accounts. If someone wants to learn and become an expert forex trader, these members always suggest the One Core Program.

>> Also Read: Asia Forex Mentor Review By Dumb Little Man

Conclusion: E8 Funding Review

In summary, the Dumb Little Man team’s thorough analysis of E8 Funding has led to the conclusion that it presents a special opportunity for novice and experienced traders both. Because E8 Funding doesn’t require a sizable initial investment and instead evaluates traders based on their abilities and performance, it is an accessible way to enter the financial markets.

Forex traders who want to expand and make money will find that E8 Funding is a great platform. It appeals to traders of all experience levels with its profit-sharing model, cutting-edge technology, and dedication to trader education. The range of account kinds and customized challenge rules provide adaptability to satisfy different trader requirements.

Every prop firm like E8 Funding has a different set of challenges that may hinder your success, but if you want to increase your chances of succeeding, enrolling in courses like Asia Forex Mentor is one of your best options.

>> Also Read: Liberty Market Investment Review: with Rankings 2024 By Dumb Little Man

E8 Funding Review FAQs

How responsive is the E8 Funding support team to queries and technical issues?

The E8 Funding support team is available via chat and email, offering timely assistance during business hours on weekdays and limited hours on weekends.

Can I trade multiple financial instruments with an E8 Funding account?

To accommodate a range of trading preferences, E8 Funding does indeed permit trading in a number of trading instruments, such as cryptocurrencies, indices, commodities, and forex.

How does a prop firm like E8 Funding compare with other prop firms in terms of profit sharing?

A prop firm like E8 Funding stands out with an alluring 80% profit share scheme for traders—much higher than the industry average of 40–70%.