What is E8 One?
E8 One offers a clear 1-Step path to becoming an E8 Performance Trader in a single phase, making it the fastest challenge process we offer.
SimFi™ Challenge rules
6% Profit Target – Closed profit in your simulated trading account.
No minimum Trading days.
Unlimited Trading Days – There is no time limit, but you need to place and close at least one trade every 60 days.
3% Daily Drawdown – Maximum Floating or Closed loss calculated from your starting balance of the day.
This information is for the preset account. You can still customize some of the parameters at checkout.
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.
Trading Rules and Policies:
Unlimited Trading Days – There is no time limit, but you need to place and close at least one trade every 60 days.
3% Daily Drawdown – Maximum Floating or Closed loss calculated from your starting balance of the day.
Criteria for the payout:
40% Best Day rule - With a 40% best-day rule, you must ensure that no single trading day exceeds more than 40% of your total generated profits.
Your net profit (payout share) must be greater than 50% of your daily drawdown.
Example: If you have a $100,000 account and your daily drawdown is 4%, the minimum amount required for a payout is $2,001.
Please note that at certain scenarios, you should leave a buffer when you are requesting a payout.
News trading
In phase 1, you can trade news without any restrictions.
In the SimFI™ Performance account, trading is strictly prohibited during high-impact news events. This prohibition period begins 5 minutes before the scheduled news release and ends 5 minutes after the release. While the platform will not technically prevent you from managing trades during this window, doing so is not permitted, and any profits generated may be subject to removal.
During the prohibition period, users must not:
a. Opening new trades (Market Execution/Limit orders).
b. Closing trades (Market Execution/Limit orders).
c. Stop/Loss and Take/Profit
d. Buy Stop and Sell Stop
To see all restricted news events and to see more information, you can access this article here.
Is there a consistency rule?
During the SimFI™ challenge stage, there is no consistency rule, however, on the SimFI™ Performance account, there is a 40% Best Day rule - With a 40% best-day rule, you must ensure that no single trading day exceeds more than 40% of your total generated profits.
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
Crypto 1:1
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.