7 Best E8 Prop Firm Alternatives for Successful Trading

In the fast-paced trading world, finding the best-funded trading accounts can feel like searching for a needle in a haystack. Choosing the right prop firm is crucial for traders eager to secure significant capital without emptying their pockets. That’s where E8 Prop Firm stands out by offering innovative programs designed to get traders the necessary funds.

E8’s model prioritizes fairness and accessibility, allowing traders to showcase their skills without jumping through unnecessary hoops.

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What Is E8 Prop Firm?

E8 Funding stands out as a dynamic force in the competitive world of proprietary trading. Established on November 5, 2021, this firm has quickly made a name for itself in the trading industry. Situated at 100 Crescent Ct, Unit 700 in Dallas, Texas, E8 Funding also operates a branch in Prague, Czech Republic, ensuring a global reach. 

With Purple Trading Seychelles as its broker, the company offers traders a streamlined two- or three-step evaluation process. This structure is designed to identify and cultivate traders with self-discipline, sound risk management, and a commitment to sustained performance.

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Unlocking Potential with E8 Funding's Unique Approach

E8 Funding aims to empower traders to achieve their career goals. Offering account sizes up to $200,000 and allowing traders to keep 80% of the profits will enable them to earn substantial returns. Trading various financial instruments, including FX pairs, commodities, indices, and cryptocurrencies, achieves this. With CEO Dylan Elchami at the helm, E8 Funding is committed to helping traders succeed. 

Elchami founded the firm to create a unique and user-friendly platform that enables traders to manage funds from anywhere in the world and become professionally funded traders. His dedication to improving the terms and services offered by E8 Funding has attracted a steady stream of traders to the firm.

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Dylan Elchami: Driving Innovation in Prop Trading

CEO Dylan Elchami is at the forefront of E8 Funding's mission to simplify trading for its clients. He leverages strategic partnerships and cutting-edge IT solutions to deliver an exceptional trading experience. To achieve this, he relies on an internal team of engineers who work tirelessly to provide the best support possible. Elchami's efforts have helped E8 Funding become a leader in the prop trading industry, offering traders a powerful platform to achieve their goals.

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Related Reading

• What Is a Prop Firm
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• How to Get Funded for Trading
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Is E8 Funding Legit?

E8 Funding is a relatively new player in the prop trading space, established in 2021. Despite its youth, the firm has already garnered a 4.7 out of 5.0 rating on Trustpilot from over 1,000 reviews. This suggests a generally positive reception. However, transparency about its management team is lacking, which could concern traders seeking to understand who they’re working with. Additionally, details about the firm's brokers and liquidity providers are not readily available. These are essential factors for traders to consider when evaluating the reliability of a platform.

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What Traders Are Saying About E8 Funding

While E8 Funding has a good reputation, traders have raised some issues. Common complaints include high spreads, commissions, slippage, and occasional technical glitches. The firm addresses these concerns promptly, generally resolving issues within 48 hours. This responsiveness is a positive sign, but it’s something to remember if you’re considering working with them.
For traders seeking a more transparent and flexible funded trading program, AquaFunded offers an appealing alternative. Based in Dubai, this platform provides traders with large capital accounts, up to 95% profit splits, and an easy-to-achieve 8% profit target. Consider AquaFunded’s funded trading program to minimize risk while maximizing rewards.

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E8 Prop Firm Rules and Objectives

E8 Prop Firm: Profit Target Goals

Achieving significant profits is the backbone of trading, and E8 Trading makes this clear with their profit targets. In Phase 1, traders must reach an 8% profit target. Phase 2 requires a slightly lower target of 5%. The focus shifts from specific targets to consistent growth and stability for funded accounts. This structure ensures traders are consistently profitable before they handle natural capital.

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Managing Daily Losses

Every trader knows that losses are part of the game. E8 Trading sets a daily loss limit of 5% for all accounts to protect traders from making impulsive decisions. By managing daily losses effectively, traders can focus on long-term success rather than short-term gains. This approach helps traders develop a disciplined mindset and prevents them from making rash decisions during volatile market conditions.

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Understanding Maximum Loss

It's natural to encounter setbacks in trading. E8 Trading has set an overall loss cap of 8% for all accounts. Your trading will temporarily pause if your account value drops by 8%. This rule aims to help traders avoid catastrophic losses and develop a sustainable trading strategy. By understanding and respecting this rule, traders can focus on making consistent profits over time.

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7 Best E8 Prop Firm Alternatives for Successful Trading

1. AquaFunded: Dubai’s Answer to Prop Trading

AquaFunded is a Dubai-based funded trading program that offers traders access to large capital accounts with up to 95% profit splits. With a simple 8% profit target and quick bi-weekly payouts, AquaFunded appeals to traders of all levels looking to trade with reduced risk using the firm’s capital. 

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2. FXIFY: A Fresh Take on Proprietary Trading

FXIFY is a newer proprietary trading firm allowing access to up to $400,000 for those who pass its assessments. With profit shares as high as 90% and accounts scaling up to $4 million, FXIFY offers One-Phase and Two-Phase assessments. Review terms and conditions before starting. 

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Pros

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• There are no time limits at any stage.  
• Reputable liquidity providers, including Goldman Sachs and Barclays.  
• Single payment with no monthly fees.  

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Cons

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• It is costly for traders who don’t pass evaluations.  
• Lower profit splits compared to some competitors.  

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3. The 5%ers: Thriving Since 2016

The 5%ers, an Israeli-based prop firm established in 2016, offers three funding journeys: Hyper Growth, High Stakes, and Bootcamp. The firm uses MetaTrader 5 and allows all types of trading, including algo trading.  

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Pros  

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• Funding up to $4 million with a profit share of 100%.  
• Transparent pricing and affordable programs.  
• Flexible trading with few restrictions.  

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Cons  

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• Complex program structures for beginners.  
• High joining fees for the High Stakes program.  
• Low leverage in some programs.  

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4. FunderPro: Empowerment Through Trading

FunderPro designs challenges to provide traders with opportunities to manage significant capital. It offers account sizes up to $200,000 with 80% profit splits. Various financial instruments, including forex, commodities, indices, and cryptocurrencies, are available.  

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Pros

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• Three unique funding programs.  
• Professional trader dashboard.  
• Leverage up to 1:200 with no maximum trading period.  

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Cons

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• High profit target requirements.  
• Low leverage with Swing Evaluation.  
• Equity-based daily drawdown.  

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5. Top One Trader: Community-Driven Trading

Top One Trader offers a community-focused approach with two challenge programs: the 1-Step “Flash” challenge and the 2-Step “Pro” challenge. Account sizes range from $10,000 to $200,000, catering to traders of varying experience levels.  

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Pros

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• Fast and seamless bi-weekly payouts.  
• 100% refundable challenge fees at first payout.  
• Competitive leverage of up to 50:1 for forex.  

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Cons

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• There is no support for copy trading from multiple accounts not owned by you.  
• Does not allow HFT, arbitrage, or martingale strategies.  

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6. SFX: A Vision of Integrity and Success

SFX Funded, a Dubai-based prop firm, allows traders to manage account sizes up to $120,000 with up to 95% profit splits. Traders can choose between a two-step evaluation or an instant funding program.  

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Pros

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• Two unique funding programs.  
• No minimum & maximum trading day requirements (except for Zero Evaluation).  
• Wide variety of trading instruments available.  

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Cons 

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• Minimum withdrawal requirement of 2%.  
• Low leverage up to 1:30 for Zero Evaluation.  

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7. ICFunded: Flexibility and Freedom in Trading

IC Funded stands out because evaluations are not time-limited, allowing traders to focus on strategy and skill. Profit splits can go up to 80%, and there is access to over 150 trading instruments and support for various trading styles.  

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Pros

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• There are no time limits on evaluations.  
• Bi-weekly profit withdrawals.  
• Unlimited free retries if traders fail the challenge.  

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Cons

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• Central financial authorities do not regulate them.  
• The initial fee is non-refundable with the first withdrawal.  
• Limited asset selection compared to some firms.

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Pros and Cons of E8 Prop Firm

Advantages of Choosing E8 Prop Firm

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Diverse Account Options

E8 Markets offers three distinct account types tailored to different trading goals. These options come with several initial fee choices, making it easier for traders to find what fits their needs without being overwhelmed by constant costs.

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No Monthly or Withdrawal Fees

Traders at E8 Markets only pay initial fees, which are reimbursable. This makes the financial commitment more predictable. Plus, there are no monthly charges or withdrawal fees to stress over.

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Flexible Trading Strategies

Traders enjoy flexibility with E8 Markets, as they can apply any strategy or style. Weekend trading is allowed, and the use of advisors is supported. This freedom lets traders execute their plans without unnecessary restrictions.

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Robust Trading Platforms

E8 Markets provides two robust trading platforms: MetaTrader 5 and Match-Trader. Both platforms offer various features to support complex trading strategies and analysis.

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Achievable Challenge Goals

The challenge objectives set by E8 are attainable, reducing traders' stress as they work toward goals that seem within reach.

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Scalable Accounts for Growth

E8 Markets allows for account scalability. Traders can grow their account balance to $1 million, facilitating substantial growth potential over time.

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Disadvantages of E8 Prop Firm

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Limited Platform Options

While E8 offers MetaTrader 5 and Match-Trader, some traders prefer other popular platforms like AquaFunded, TradingView, NinjaTrader, or R|Trader. Adapting to new platforms may challenge those used to different systems.

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Limited Tech Support

Technical support at E8 is available via email, and there's no call center. The live chat function is active only during certain hours, potentially causing delays for traders needing immediate assistance.

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Infrequent Profit Withdrawals

Profits can only be withdrawn every 14 days, so traders looking for more frequent access to their earnings may find this limitation frustrating.

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Related Reading

• How Do Prop Firms Make Money‍
• Prop Firm Reviews
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• How to Get a Funded Trading Account
• Best Prop Firms for US Traders
• What Is a Prop Firm Challenge
• Proprietary Trading Firms for Beginners
• No Minimum Trading Days Prop Firm
• Forex Prop Firms
• Trading Companies in UAE
• Prop Firm Reviews
• How to Pass Prop Firm Challenge
• Best Forex Funded Account

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Join Our Funded Trading Program Today - Trade with our Capital and Keep 90% of the Profit.

AquaFunded, based in Dubai, is shaking up the funded trading accounts scene. This firm is all about providing traders access to significant capital accounts and offering profit splits that can reach up to 95%. AquaFunded's funding model is straightforward. Hit an easy 8% profit target and enjoy fast bi-weekly payouts with the option for your first payout in just seven days. The company is designed for traders of all experience levels, from beginners to those with more experience. 

AquaFunded wants to help traders trade with less risk by using the firm's capital instead of their own. With its competitive features and UAE-based operations, AquaFunded aims to stand out and provide a trustworthy platform for traders looking to scale their profits. Get started with AquaFunded's funded trading program today!

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