Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

If you haven't made it yet, what makes you think you will? 212 replies

How many trades do you take every month? 74 replies

Daily Trades = Lazy Trades Journal 7 replies

How do you spread risk with the pairs you trade? 2 replies

Do you count trades when you open or close them? 9 replies

Attachments: E8Funding.com | You take the trades; we take the risk.
Exit Attachments

E8Funding.com | You take the trades; we take the risk.

Quoting JotaP
You don't understand, probably will never do even if I stay here hours explaining. Look! PayPal is not in a Charity Business. Paypal charges a fee to sellers not to Buyers. When Buyers ask for a refund PayPal by default will refund Buyers in full, but sellers can make only a partial refund. PayPal never return to sellers the fee they have paid. So, in order for Buyers to receive the full refund the Sellers have to pay the difference from their own pocket. I think you did not understood as well that Paypal does not charge a fee on the refunds!!!!!...
-First of all, take a breather and calm down. There is no need to lose it over $15. You have already been paid, after all.

If what you are saying is true, and Paypal hit your initial payment with a fee before the firm ever received their funds, then that means that the firm never received your full payment to begin with, so they were only obligated to send back what they actually received. So your issue should have been with Paypal, not the firm.

Quoting DylanE8
Hi
-Your offerings look good. I have a few questions:

  1. Under the section 'How fast will I receive capital?', it seems that a trader can be funded in less than one-week. But then goes on to say that it could be as soon as 16 days. Can you clarify this with regard to the E8-type account as far as how quickly someone can go from starting Phase-1 to being fully funded? Terms state that Phases only require 1-day of trading as a minimum, so does that mean that someone could be funded in as little as 3-days, or is there an expected waiting time in between?
  2. Is 250K the highest a trader can go with E8-type accounts, or is there a scaling plan?
  3. How many E8-type accounts can a trader have?
    3a. If multiple, can trade copiers be used between accounts?
    3b. If multiple, is there a maximum capital allocation?
    3c. If multiple, can E8-type accounts be merged?

Thanks.

Quoting Nsak3y
{quote}-First of all, take a breather and calm down. There is no need to lose it over $15. You have already been paid, after all. If what you are saying is true, and Paypal hit your initial payment with a fee before the firm ever received their funds, then that means that the firm never received your full payment to begin with, so they were only obligated to send back what they actually received. So your issue should have been with Paypal, not the firm. {quote}-Your offerings look good. I have a few questions: Under the section 'How fast will I...

Hi, thank you for your support and for your questions. Im happy to clarify-

As a introductory offer we have removed minimum trading days, meaning yes, you could technically become funded in 1-2 days depending on how quickly you can pass your phase 1 and phase 2 evaluations- although we do not encourage over-leveraging to meet that goal. We didn't want to delay anyone who can pass sooner by adding minimum trading days for now. We will most likely bring them back but for now we want traders to get funded and get paid as this will show our intentions and credibility.

The maximum number of accounts under the E8 Program is $300,000 in total capital. You can get to that total capital by purchasing whichever combination of accounts you would like. Our scaling plan is under the ELEV8 model which is a one time fee scaling solution. Trade copiers may be used or we are happy to merge the accounts for you on our end at your request.

Hope this answers your questions clearly, if not I am happy to expand!

Sincerely,

Dylan
Thank you. That is very helpful.

I just noticed that in order to scale on the ELEV8, a trader must achieve 16% profit within a single month. That is almost 200% a year.
Quoting Nsak3y
Thank you. That is very helpful. I just noticed that in order to scale on the ELEV8, a trader must achieve 16% profit within a single month. That is almost 200% a year.
Yes however, that is not set in a time limit and it is not required. It acts as a normal $100,000 account that you can withdraw 80% of the profits you generate regardless of them being 16% or less or more. The way it works is this: when ever you close a month at 16% profit or more we automatically add $100,000 to the balance. No time limits, no hidden rules.
I understand. It just seems high-risk for professional standards. Would you guys ever consider lowering it? Just curious.

Thanks.
Quoting Nsak3y
I understand. It just seems high-risk for professional standards. Would you guys ever consider lowering it? Just curious. Thanks.
Yes, we are actually working on a no evaluation model that has scaling, for now the ELEV8 model seems to be loved by many so we will keep it.
Quoting DylanE8
Yes, we are actually working on a no evaluation model that has scaling
-If it is an accelerated-type model, where the nonrefundable buy-in fee nearly matches the DD allowance, then those things are mostly bogus.

Quote
for now the ELEV8 model seems to be loved by many so we will keep it.
-Respectfully, I trust that you know well enough that most traders would prefer to have the 16% target lowered. You would probably get a lot more sign-ups as a result. 16% per month is encouraging over-leveraged trading, truthfully, which you have thankfully stated is not your intent.

Perhaps it might also be sending the wrong message that you have a capital allocation of 1 million for a much higher-risk trading program, whereas, the more restrictive program that requires tighter risk-management, maxes out at 300K. This gives the impression that you are wanting to reward high-risk traders while holding back traders that exhibit proper risk-management, since there is no scaling plan for the traditional model. It seems counterintuitive. I hope that you will give this some consideration as constructive feedback.

In truth, it does not really matter all that much to me, since I am not that interested in the ELEV8 program. I might be if the target was <10%, though. If you want to keep it at 16%, but only have a 1-step evaluation, then that might be something to think about. I think the traditional offering that you have looks good, either way. I do wish that there was a scaling plan or something that incentivized a long-term relationship with good traders that rewarded their loyalty and discipline.

I do not mean to sound super critical, I just call it like I see it. I always appreciate firms that offer something unique, that think outside of the box in lieu of providing a cookie-cutter offering, so I respect that.

Thank you for taking the time to reply here. I wish you all the best and great success.
Quoting Nsak3y
{quote}-If it is an accelerated-type model, where the nonrefundable buy-in fee nearly matches the DD allowance, then those things are mostly bogus. {quote}-Respectfully, I trust that you know well enough that most traders would prefer to have the 16% target lowered. You would probably get a lot more sign-ups as a result. 16% per month is encouraging over-leveraged trading, truthfully, which you have thankfully stated is not your intent. Perhaps it might also be sending the wrong message that you have a capital allocation of 1 million for a much...
Thank you for these insights, we appreciate all feedback and take it in a constructive manner.
We had done some polls and other traders helped us design the ELEV8 program, however we might consider changing it as we understand these concerns, and we dont want to encourage high leverage trading especially with larger amounts of capital under management. Our thinking behind the 16% was more so to make the target a bit harder to achieve in order to build a longer term relationship with the trader as they prove they can avoid the max drawdown rules. Then when they have a hot month we scale the account. If we make the target smaller we feel that people will get large amounts of capital to trade too quickly and that might also encourage gambling. We are always working to offer something unique and we are not afraid of change. Please continue with suggestions as we are always listening.
Prop funds who really looking for good traders should have following rules.

EA allowed
Holding weekly trades allowed
No minimum days trading
10 percent daily and max dd
Less then 10 percent goal to get the account
Lower fees and that too refundable
80 percent profit sharing with trader
Start your offering from 100k to max 1 million
Allergic to bullshitters, never argue with fools
Cheers. Thanks for replying. I even felt badly about some of my previous comments, because I know that they might come off as overly-harsh or critical, even though that is not my intention. I also know that you are trying to do your thing, and some of my comments may not be helping much with that. But based on your responses and the fact that you are open to suggestions and seem to be improving when you can, I think that traders will see that and respect that.

Quoting DylanE8
Our thinking behind the 16% was more so to make the target a bit harder to achieve in order to build a longer term relationship with the trader as they prove they can avoid the max drawdown rules.
-I can understand the first part, that you want to make it challenging, I just think that you are going about it the wrong way. The problem with raising the bar so high by setting the profit target this way, is that it will only encourage gambling or high-risk trading. You do not want to reward traders for that, nor are those the type of traders that you should want to work with for the long-term.

If you want to have a scaling plan in place, then you should reward traders that are able to stick to and continue to respect rules that advocate for proper risk management (such as your traditional model), that will show a willingness and ability to respect your capital, because those traders are the ones that you will want to be working with for the long-term.

Besides, the traders that are regularly trying to kick out 16%/month are far, far more likely to blow their accounts and exhibit a lack of respect for your capital. They are the gamblers that are most likely driven by greed, truthfully.

One way that I have seen other firms employ a fast scale-up plan, without setting the bar so high, is by giving traders the option to scale up if they choose, whenever 5% or 10% profit target is achieved, then, instead of withdrawing the profit, it gets locked into the base balance to serve as draw-down protection. You are able to reward good traders that respect reasonable rules, but also mitigate risk to investor capital by allowing the trader's gains to serve as draw-down protection. It is a fair trade-off.

In most cases that I have seen, such firms give traders the option of withdrawing those locked-in profits later, should they choose to do so, and just rolling the account back to the previous scale-up level. It is a simple solution.

I am not suggesting that you do these things, but rather, that you can structure your program in many different ways, however you like. You can create something that is fair for all parties, but also rewarding and safe, without creating a climate of high-risk gambling.

To be fair, you could still have a high-risk, high-reward program if that is what you want to offer. There is nothing wrong with that at all. I just think, that, the real focus and rewards should be going to the traders that exhibit good risk management, consistently, that show a willingness and ability to respect your capital month-after-month. They are the traders that you want to be working with for the long-term, the ones that you want to incentivize to stay trading with you, where their loyalty and discipline are rewarded.

Thanks for listening. I truly wish you the best.
Quoting Muhammedfx
Prop funds who really looking for good traders should have following rules. EA allowed Holding weekly trades allowed No minimum days trading 10 percent daily and max dd Less then 10 percent goal to get the account Lower fees and that too refundable 80 percent profit sharing with trader Start your offering from 100k to max 1 million
We basically offer all of this.
Quoting Nsak3y
Cheers. Thanks for replying. I even felt badly about some of my previous comments, because I know that they might come off as overly-harsh or critical, even though that is not my intention. I also know that you are trying to do your thing, and some of my comments may not be helping much with that. But based on your responses and the fact that you are open to suggestions and seem to be improving when you can, I think that traders will see that and respect that. {quote}-I can understand the first part, that you want to make it challenging, I just...
Understood, I think we have come up with a much better solution based on your feedback! We will consider it further and update you here if we roll it out.
Hello E8 Traders,

Thank you for an incredible week! We have officially accomplished the 1000 active traders mark in E8x. This is a massive milestone for us and wouldn't be possible without you all.
We have some important updates and good news. We just finished a meeting with a few new LPs, and we are expanding our pool of liquidity to offer even better conditions. We realize there have been a few issues with slippages during high volatility news, and we are working to correct these problems as best as possible. We also recognize some odd trading times on indices closing following the US stock market and crypto closing for maintenance at times over the weekend. Please allow us a little more time to perfect our conditions. You have our team's word that these issues will be handled as a priority. If there are other ways we can improve, we are always open to your feedback; you can email us any thoughts at [email protected]

Thank you for killing the markets with us. We have made our first round of large payouts and we had one amazing trader able to Generate nearly $20,000 in his first 8 day trading period. You can find his testimonial here:
https://www.facebook.com/groups/7103...43395322924982

Our mission to be the more innovative prop firm and provide you with the best user experience possible is only just beginning, and we will never stop

Happy Friday, and we wish you all a relaxing weekend.
Sincerely,
E8Funding.com
Although I had a bad experience when you had no experience at all, I see that you are still fighting, fixing and improving.
All you have to do is simple, build trust.
Follow your guts, if you want to lose your money...
Quoting DylanE8
Understood, I think we have come up with a much better solution based on your feedback! We will consider it further and update you here if we roll it out.
-That's great. Really glad to hear it. I really hope that you guys will consider raising the maximum capital allocation at some point, because if I cannot set up at least (2) 200K accounts on a trade copier, then I am typically not interested. That's just me, though.
Quoting DylanE8
Hello E8 Traders, Thank you for an incredible week! We have officially accomplished the 1000 active traders mark in E8x. This is a massive milestone for us and wouldn't be possible without you all. We have some important updates and good news. We just finished a meeting with a few new LPs, and we are expanding our pool of liquidity to offer even better conditions. We realize there have been a few issues with slippages during high volatility news, and we are working to correct these problems as best as possible. We also recognize some odd trading...
Does e8 Funding offer new accounts another chance free of charge as FTMO and MFF do as below?

FTMO: If you manage NOT to breach any of the Trading Objectives (regardless of whether that is the FTMO Challenge or Verification) and your final account balance being in at least some profit at the end of the trading duration, with all positions closed, we will give you a new FTMO Challenge free of charge. We know that sometimes the market conditions are not in the trader’s favour and we appreciate your good trading and ability to manage risk properly.

MFF: To refresh the account means to bring the account back to initial balance but in order to qualify for a refresh, your account must not have a violation. To reset the account means you have a violation on your account and you want to receive a new account at a discounted price.
  • Post #37
  • Quote
  • Edited Nov 16, 2021 12:50am Nov 15, 2021 10:51pm | Edited Nov 16, 2021 12:50am
Hello Boulder,

From what i saw, they do offer another chance free of charge if there is no violation. But i can't find if it is once, twice or unlimited free retakes. No discount will be given if there is a violation.

Edit: i saw a 10% discount code "REB8" on unofficial telegram group. Not sure for how long.

Attached Image (click to enlarge)
Click to Enlarge Name: e8 free retake.png Size: 98 KB
Attached Image (click to enlarge)
Click to Enlarge Name: e8 violation.png Size: 57 KB
Thanks
"The markets can remain irrational longer than you can remain solvent."
Quoting shyean
Hello Boulder, From what i saw, they do offer another chance free of charge if there is no violation. But i can't find if it is once, twice or unlimited free retakes. No discount will be given if there is a violation. Edit: i saw a 10% discount code "REB8" on unofficial telegram group. Not sure for how long. {image}{image}Thanks
Thank you Shyean. That is good to know
Yes we do offer a free reset if you fail to meet profit targets in the time period and you finish in profit without violations!

Love to see the community helping each other out.

Cheers,

Dylan
hello dylan

what is the maximum lotsize of a account, i understand its all different but i do not find anyting back from this

also what are the stoplosses do i need one , and if i need a stoploss how much % or how many pips for each position i can use ?
also how many positions can i open ?
0 traders viewing now