E8 Markets Forex prop firm review – Scam Alert?!

E8 Markets prop firm was recently rebranded to E8 Markets from E8 Funding. This is generally not a good sign and is mostly implemented by scams. These scam prop firms usually rebrand very often to mitigate bad online reviews and start luring new clients again with a new name. E8 Markets offers funded accounts from $5,000 to $400,000. All trading is done on a demo account, even after the trader gets funded. There are 1-step, 2-step, and 4-step evaluation programs offered. The scaling plan allows getting up to 1 million USD in virtual funding.

In this unbiased E8 Markets review, we will assess the firm’s critical features, such as safety, rules, hidden rules, assets, fees, withdrawals, support, and many more.

Overall

E8 Markets prop trading firm offers virtual funded account challenges and was recently rebranded into E8 Markets from E8 Funding. The firm lacks safety and there is a high chance of getting scammed. The pricing is competitive from 48 USD, and traders have to pay an additional fee to increase the default profit split from 40% to a maximum of 90%. The firm offers Forex, indices, cryptos, and commodities for trading and there are three funded account types 1-step, 2-step, and 3-step options.

Pros & cons of prop firm

Pros

• ✅ Offers a range of funded challenges with competitive pricing, starting from 48 USD
• ✅ Provides customizable account options, allowing traders to adjust profit shares
• ✅ Features advanced trading platforms such as MetaTrader 5 (MT5) and Match-Trader
• ✅ Allows a scaling plan, enabling traders to grow their account sizes up to 1 million USD

Cons

• 🚫 E8 Markets rebranded from E8 Funding in 2024, which is often a sign of a scam
• 🚫 Profit splits start low at 40%, requiring traders to pay additional fees to increase them
• 🚫 All accounts are demo accounts, even after funding
• 🚫 Lacks phone support and does not disclose its phone number, which is another red flag

Safety of E8 Markets

E8 Markets reviews are lacking on the FPA, as the firm is young and lacks an online presence. The firm was re-launched in 2024 and has a few reviews on Trustpilot as well. However, 5% of reviews are 1-star reviews and claim the firm is a scam. All funded accounts offered by the firm are demo accounts and traders never actually access live markets, which is yet another red flag with this firm. The firm lacks crucial experience in the industry as well, and its services are not backed by regulated brokers. These red flags can not be ignored, as the firm lacks important experience in the field it operates and does not offer trading through regulated brokers, raising suspicion about price manipulation.

Overall, the safety of E8 Markets is very questionable and there are high chances of getting scammed. Stay away!

E8 Markets Funding and maximum capital allocation

E8 Markets funded programs are three, 1-step, 2-step, and 3-step programs. For E8 Markets funding options, each funded challenge account has different funding options. The 1-step E8 One E8 Markets challenge offers 5k, 10k, 25k, 50k, 100k, 200k, and 400k USD amounts. The 1-step E8 Pro challenge offers 10k, 25k, 50k, 100k, and 200k USD options.

2-step accounts also have a slightly different range of funding options. The 2-step E8 Classic challenge offers 5k, 10k, 25k, 50k, and 100k USD amounts.

The 3-step E8 Track challenge offers 10k, 25k, 50k, 100k, 200k, and 400k USD amounts, while the E8 Track 1:1 also has the same options.

E8 Markets scaling plan allows traders to further increase their funded account size in case they are consistently profitable. The maximum amount of funding achievable through the scaling plan is capped at 1 million dollars.

E8 Markets Assets

E8 Markets prop trading assets include Forex, Energies, Commodities, Indexes, and Cryptocurrencies. There are commissions charged for trading these assets, which is a downside.

The leverage on funded accounts are Forex 1:30, Indices: 1:15, metals 1:15, and Crypto 1:1. This is different for evaluation accounts with Forex 1:50, Indices: 1:25, metals 1:25, and Crypto 1:2. The firm lacks other assets like stocks or futures, which is also a downside.

E8 Markets Trading rules and limitations

E8 Markets rules are diverse depending on the account selected and customization. Funded challenges are heavily customizable, and traders can choose initial balance drawdown and profit share. A higher share with higher drawdown limits costs more money. Let’s list the rules for each funded account to compare them easily.

E8 Markets 1-step funded challenge rules:

• Profit target – 10%
• Daily risk limit – 4%
• Maximum drawdown – 6%

E8 Markets 2-step challenges have the following rules:

• Profit target – 10%, 5%
• Daily risk limit – 5%
• Maximum drawdown – 10%

The list of rules for the 3-step E8 Markets challenges:

• Profit target – 8%, 4%, 4%
• Daily risk limit – 4%
• Maximum drawdown – 8%

Traders can get up to 14% maximum drawdown through the paid customization plan. Overall, E8 Markets rules are mediocre and within the industry-average range.

E8 Markets Fees

The pricing starts low, but the profit sharing is super low at 40%. Traders have to buy at least 80% profit share, which increases pricing for all funded challenges considerably. Let’s see the pricing for challenges with an 80% minimum profit-sharing to compare the firm with others more realistically.

E8 Markets 1-step challenges pricing with 80% profit share:

• Funded amount: 5,000 USD – one-time fee: 48 USD
• 10k USD – 88 USD
• 25k USD – 188 USD
• 50k USD – 288 USD
• 100k USD – 488 USD
• 200k USD – 798 USD
• 400k USD – 1598 USD

E8 markets 2-step funded challenges have the following pricing with an 80% profit split:

• Funded amount: 5,000 USD – one-time fee: 71 USD
• 10k USD – 132 USD
• 25k USD – 274
• 50k USD – 406
• 100k USD – 706 USD

E8 Markets 3-step challenge has the following fees:

• Funded amount: 10k USD – one-time fee: 59 USD
• 25k USD – 138 USD
• 50k USD – 208 USD
• 100k USD – 358 USD
• 200k USD – 598 USD
• 400k USD – 1188 USD

As we can see, the pricing at E8 Markets is average when choosing the 80% profit share amount. The starting price of 48 USD is within the industry average and competitive.

E8 Markets free trial is available and traders can test the firm’s trading conditions such as spreads and commissions before starting the challenge.

E8 Markets free repeat is not offered at the moment, which is a downside. Overall, the firm offers competitive fees, but its safety is very questionable.

E8 Markets Platforms

E8 Markets allows traders to access the following platforms, Match-Trader, MetaTrader 5 (MT5). These platforms are popular trading software. Match-Trader allows traders to speculate on prop trading firm assets and was designed for prop trading. MT5 is more advanced with more useful features including custom indicators and EAs (Expert Advisors).

Overall, E8 Markets platforms are advanced and allow for comprehensive market analysis, including EAs and custom indicators. Mobile trading is also available through mobile apps on the same platforms.

E8 Markets Profit-Sharing

E8 Markets profit split starts from 40% and traders should pay extra fees to increase it to a maximum of 90%. This makes funded accounts more expensive, as traders will most likely purchase a higher profit share than 40%. Due to the questionable safety of the firm, we can not confirm the firm actually allows for withdrawals of profits.

Education and trading tools at E8 Markets

The firm lacks educational resources but provides a blog. However, the blog is not a replacement for proper education and traders should be extra cautious with this firm. There are no tools offered except the trader dashboard. Overall, E8 Markets lacks comprehensive educational resources, which is a downside.

Customer Support at E8 Markets

The support is provided via live chat and email options. There are no other support methods available. There is no phone support either, which is a red flag. The lack of phone numbers indicates the firm is shy to disclose its phone number, which is never a good thing when dealing with prop firms.

Frequently Asked Questions on E8 Markets