What is E8 Signature Crypto?
This is our 1-Step challenge - designed exclusively for crypto traders who value speed, clarity, and control.
SimFi™ Challenge rules
6% 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.
EOD Dynamic drawdown – Maximum Running (floating) or Closed loss can not exceed the EOD Dynamic drawdown loss level limit.
$1,000 EOD - $25,000 account
$2,000 EOD - $50,000 account
$3,000 EOD - $100,000 account
$4,500 EOD - $150,000 account
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 pause - Maximum Floating or Closed loss from your starting balance of the day - If you breach the daily pause level, your account will be stopped until the end of the day and you can continue after. Failing daily stop level doesn't breach your account. This loss is calculated between 0:00-23:59 Server Time and if you breach the daily pause level, your account will be re-activated at the start of the next day.
EOD Dynamic drawdown – Maximum Running (floating) or Closed loss can not exceed the EOD Dynamic drawdown loss level limit.
$1,000 EOD - $25,000 account
$2,000 EOD - $50,000 account
$3,000 EOD - $100,000 account
$4,500 EOD - $150,000 account
Criteria for the payout:
Payout requests can be submitted once you fulfill all of the payout requirements. If you are unable to fulfill one of the following rules, you won´t be able to request your payout.
35% Best Day rule - With a 35% best-day rule, you must ensure that no single trading day exceeds more than 35% of your total generated profits.
Minimum payout is $100.
Amounts are taken from your net profit. Meaning, with 80% payout, you need to request at least $125.
Minimum profitable days between each payout: 5 (does not apply for first payout)
A profitable day is considered as a day where the realized closed PnL equals to 0.3% or more.
You also have to achieve profitable days between each payout cycle. After requesting a payout, your previously achieved profitable trading days will reset to 0.
$75 - $25,000 account
$150 - $50,000 account
$300 - $100,000 account
$450 - $150,000 account
Payout buffer - Before you can start requesting payout, you need to leave a buffer in your account in the same size as your EOD Dynamic Drawdown. The buffer can not be requested. The reason for this is to protect trades from violating EOD by requesting full profit from the account.
If your EOD is 3% and your initial balance $100,000, the buffer is $3,000.
Payout caps - Payout caps determine the maximum amount you can request in a single payout.
A full explanation can be seen in this article.
Trading hours
Please note that on E8 Signature Forex and E8 Signature Crypto, all positions are closed by 23:00 Server time, and trading re-opens at 00:15 Server time.
News trading
You can trade news on E8 Signature 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?
Bitcoin 1:5
Ethereum 1:5
Other Crypto instruments 1:2
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.