In this YouTube video, the host will dive in and look deeper at a funding program of E8 Funding. The host will explain the E8 evaluation funding program.
The E8 Funding evaluation program account aims to identify serious and talented traders. These traders are rewarded for their consistency in the two-phase evaluation period. The E8 evaluation program account allows you to trade with 1:100 leverage. Traders can choose their account funding between USD, EUR, and GBP.
These evaluation program accounts allow you to trade Forex pairs, Commodities, indices, crypto, and stocks. The prop firm will enable traders to choose from four E8 evaluation program accounts. Traders can choose between the $25,000, $50,000, $100,000, and $250,000 account sizes that all have the same conditions.
E8 Funding Evaluation Phases
The phase 1 evaluation phase requires a trader to reach a profit Target of 8%. Traders should not surpass their 5% maximum daily loss or 8% maximum loss rules. They should hit the profit Target in 30 calendar days.
Traders should also consider that they have no minimum trading day requirements to proceed to phase 2. Evaluation phase 2, on the other hand, requires a Trader to reach a profit Target of 5% while staying within their 5% maximum daily loss or 8% maximum loss rules.
In phase 2, traders must hit their profit target in 60 calendar days. Traders have no minimum trading days requirement to proceed to a funded account.
By completing both evaluation phases, funded accounts are rewarded to traders. The Funded accounts have no profit targets. Traders must only respect the 5% maximum daily loss and 8% maximum loss rules.
The profit split will be 80% based on traders’ profit on their funded account. Also, remember that the maximum loss rule increases by +1% with each successful withdrawal that you receive to a maximum of 14%.
We are sure there is a lot to learn about E8 Funding. To see the full video, click on the link:
Also, if any trader wants to start their trading journey, read about the 10 Best Forex Prop Trading firms by clicking on the link.