Prohibited Trading Strategies (Forex + Crypto)
All-or-nothing Trading:
Risking your entire daily drawdown on a single trade is not permitted. Excessively risky trading may result in E8's risk team reaching out to discuss your approach.
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 the SimFi environment.
Use of Expert Advisors (EAs):
you can use any EA (Expert Advisor) as long as we don't see multiple users executing the same trades/strategy. We limit one strategy per user, so if we see multiple users utilize the same EA, it may lead to the termination of your account. So even though the use of third-party EA is allowed, we recommend that each user use their own programmed EA. More information can be found here.
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.
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.
SimFi™ Challenge & Performance Account Management
Account Completion & Independence:
Each SimFi Challenge and Performance Account must be traded independently. Cooperation with other traders - in any form - is not permitted.
Copy trading across your own accounts is allowed, including across SimFi Challenge Accounts, SimFi Performance Accounts, or any personal accounts, as long as all accounts belong to you and you alone.
Account Management & Capital Allocation:
Every account must be managed individually by the account holder. Users must comply with the maximum capital allocation limit for each product. For details on how many accounts you can hold at once, see this article.
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 SimFi™ performance account , we will review your trading activities for compliance. Failure to comply may result in not receiving a simulated SimFi™ performance 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 1% 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.
Is there a mandatory interview after finishing my challenge or during payout?
To clarify, an interview is not part of every challenge completion or payout request.
E8's risk team may request a brief interview with traders at any stage. This is not standard practice, and it is a random procedure.
When it does occur, the purpose is straightforward:
To understand your trading background and experience
To discuss your approach to risk management
To learn more about the strategy behind your performance data
It is not an interrogation. It is part of how E8 evaluates and develops the SimFi™ environment.
These policies exist to promote responsible trading behaviour and protect the integrity of the SimFi assessment for every trader on the platform.