What is E8 Pro Forex?
This is our 1-Step challenge - designed exclusively for traders looking for freedom in daily payouts, static drawdown with NO consistency rules, or payout caps.
SimFi™ Challenge rules
8% Profit Target - Closed profit in your simulated trading account.
Unlimited Trading Days - There is no time limit but you need to place and close at least one trade each 60 days.
2% Daily Profit cap - In each day, the maximum profit you can make is 2%. If you make more, only 2% will be counted towards your profit target.
For a $100,000 account, that’s $2,000 profit cap per day.
2.5% Daily Drawdown – Your account must not lose more than 2.5% of your initial balance in a single day.
8% Static drawdown – A fixed loss limit based on your initial balance. It never moves, except when a first payout is processed.
SimFI™ Performance rules
You will get to the SimFI™ Performance stage once you complete SimFi™ Challenge account by following all rules and reaching the profit target. Users who follow the guardrails and comply with rules and guidelines are eligible to receive up to 100 % of their trading performance and request a payout.
Unlimited Trading Days – There is no time limit but you need to place and close at least one trade every 60 days.
2% Daily Profit cap - In each day, the maximum profit you can make is 2%. If you make more, only 2% will be counted towards your payout performance.
For a $100,000 account, that’s $2,000 profit cap per day.
2.5% Daily Drawdown – Your account must not lose more than 2.5% of your initial balance in a single day.
8% Static drawdown – A fixed loss limit based on your initial balance. It never moves, except when a first payout is processed.
Criteria for the payout:
No caps
No consistency rules
No minimum trading days
Payout frequency: You can request every day!
Minimum profit for first and additional payouts: 1% of your initial balance
With a $100,000 account balance, you need to make at least $1,000.
Every payout is calculated in two steps: first, 50% of your total profits is set aside as your requestable amount. Then, depending on your chosen plan, you receive up 100% of that amount. The remaining portion stays in your account as a drawdown buffer, protecting you from violations after the Static Drawdown Loss level is moved to your initial balance level.
Full details about the payout mechanism and examples can be found here.
News trading
You can trade news on E8 pro Forex without any restrictions (This includes SimFi™ challenge account (phase-1) and SimFI™ performance Account)
E8 Markets offers a simulated environment that is designed to replicate real-market data and trading conditions; just as slippage is a factor in a real market, it is also present within our simulated environment. Therefore, we recommend that users avoid trading during high-impact news releases.
More information can be accessed in the article here.
Copy trading rules
E8 Markets allows copy trading across all accounts, including SimFi™ challenge and SimFI™ Performance accounts or personal accounts, as long as these accounts belong to you.
What is the available leverage?
Forex 1:30
Indices: 1:15
metals 1:15
Other trading rules
There are other rules regarding the Hedging policies, all-or-nothing Trading and Irresponsible Trading in Simulated Accounts. All these additional rules with detailed explanations can be accessed here.