Prohibited Trading Strategies
All-or-nothing Trading:
Risking your entire account balance on a single trade is not permitted. Excessively risky trading styles violate our terms and will result in account termination with a full refund.
Hedging Policies:
Hedging across multiple accounts, even those belonging to the same trader, is strictly prohibited. Hedging, which involves opening opposing positions on the same asset, undermines fair trading and disrupts the integrity of our platform.
Hedging Policies:
Hedging across multiple accounts, even those belonging to the same trader, is strictly prohibited. Hedging, which involves opening opposing positions on the same asset, undermines fair trading and disrupts the integrity of our platform.
Use of Expert Advisors (EAs):
Using a third-party Expert Advisor is allowed as long as it is a trade or risk manager. Using any other third-party Expert Advisor is not allowed. This will lead to the closure of the account. If it's a custom EA that you created and you are willing to share the source code with us and explain the strategy then you may be eligible to use it.
irresponsible Trading in Simulated Accounts:
Executing large-volume trades without a coherent strategy or disregarding fundamental market analysis and risk management practices is considered an abuse of the simulated environment. This behavior will be penalized as it does not provide viable trading data.
Restrictions to Prevent High-Frequency Trading:
To avoid high-frequency trading (HFT) behaviors, you cannot hold more than 50% of your trades for under one minute. Additionally, opening more than five positions on a losing trade is prohibited, as this constitutes a form of hedging.
Evaluation Completion and Account Management
Individual Evaluation Completion:
Each trading evaluation must be completed independently. Copying trades—manually or via EAs—from one evaluation account to another evaluation account is prohibited. This rule applies to both the trades and underlying trade ideas.
Account Management After Evaluation:
Upon successful evaluation, you may trade up to $400,000 in E8 Trader accounts. You also may copy trades from E8 Trader accounts to one E8 Evaluation and vice versa.
You may use a Trade Copier, however, you need to be able to prove you are the owner of the accounts you are copying trades between.
Protective Risk Measures
Penalties for Prohibited Practices:
Engaging in prohibited trading practices will result in termination from our program and a refund of the fee paid from the account where this rule was broken. Before receiving a simulated E8 Trader account, we will review your trading activities for compliance. Failure to comply may result in not receiving a simulated E8 Trader account or the closure of your existing one, including the loss of accrued profits. We reserve the right to de-risk your trading strategy by limiting your risk to no more than 2% per trade idea or time horizon if we detect prohibited practices. This enforced rule eliminates harmful behaviors and promotes responsible trading.
To ensure the integrity and stability of our trading environment, we require traders to demonstrate consistent trading practices. If a trader's approach shows signs of extreme behavior, their trading may be subject to review by our risk team who may require consistency over a longer period of time.
In that case, the trader will be required to provide further trading history to demonstrate that his profits are the result of a consistent and sustainable trading approach. Specifically, the trader will need to continue trading for an extended period and showcase a longer-term trading approach, and not an ''all-or-nothing'' approach.
If the trader fails to demonstrate a consistent and sustainable trading strategy, E8 Markets reserves the right to impose restrictions on trading activities, terminate the agreement, or withhold payouts.
Purpose: These updated policies are designed to promote responsible trading and ensure the integrity and fairness of our trading platform.