What is E8 Static?
This is our 1-Phase Crypto product with static drawdown, with daily payouts and no consistency rules!
SimFi™ Challenge rules
9% 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.
2.5% Daily Drawdown – Maximum Floating or Closed loss calculated from your starting balance of the day.
Static drawdown – Maximum Running (floating) equity or Closed loss in the whole period.
4% Static Drawdown - $100,000 account
5% Static Drawdown - $5,000 - $50,000 accounts
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 80% 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.
2.5% Daily Drawdown – Maximum Floating or Closed loss calculated from your starting balance of the day.
Static drawdown – Maximum Running (floating) equity or Closed loss in the whole period.
4% Static Drawdown - $100,000 account
5% Static Drawdown - $5,000 - $50,000 accounts
Criteria for the payout:
No minimum Trading days
No Consistency
No payout caps
No payout buffers
Payout frequency: You can request 1 payout every day!
Minimum Payout: $100.
Amounts are taken from your payout share. Meaning, with 80% payout share, you need to request at least $125.
When you request a payout, the payout amount is deducted from the account’s drawdown buffer.
If you request all your profits and you do not have enough buffer, the account fails instantly.
More information can be found in this article.
News trading
In phase 1, you can trade news without any restrictions.
In the SimFI™ Performance account, during the release of high-impact news, a prohibition period will be enforced. This period will commence 5 minutes before the scheduled news release and extend for 5 minutes after the release.
During the prohibition period, users are prohibited from:
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
Please note, that if any of the prohibited actions are executed within the 10-minute period (5 Minutes before and 5 minutes after) immediately before or after the event, any profits earned during this time will be subject to removal, without any account violation.
To see all restricted news events and to see more information, you can access this article here.
Is there a consistency rule?
No!
Copy trading rules
E8 Markets allows copy trading across all accounts, including evaluations and E8 Trader accounts or personal accounts, as long as these accounts belong to you.
You are free to use any trade copying tool or software that works for you ( For MTR, https://danetrades.com/ is available)
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.