Does E8 Markets require KYC, and when are traders asked to complete verification?
💡 Answer
Is KYC Required at E8 Markets?Yes
At what stage traders must go through identity verification at E8 Markets?
KYC is required as part of eligibility and compliance checks. To receive a payout, traders must also be able to onboard and pass KYC with E8's payout providers (Plane or Riseworks/Rise); if a trader cannot complete provider onboarding, E8 states it cannot issue a payout.
More FAQs about E8 Markets
- What trading styles are permitted at E8 Markets, including EAs, news trading, weekend trades, and copy trading?
- How can traders pay for accounts at E8 Markets, and are refunds available?
- What are the payout rules at E8 Markets, such as minimum withdrawal, payout frequency, processing time, and methods?
- How much profit can traders keep at E8 Markets?
- Which markets are available for trading at E8 Markets?
- What are the maximum leverage limits at E8 Markets across forex, indices, metals, and cryptocurrencies?
- Which trading platforms are available at E8 Markets, and who is the underlying broker?
- How does E8 Markets handle spreads, commissions, and slippage during trade execution?
- Which trading strategies are restricted by E8 Markets, does the firm allow martingale trading, and are lot size limits enforced?
- What drawdown model is applied at E8 Markets?
- What risk management and consistency rules must traders follow at E8 Markets?
- What program types does E8 Markets offer to traders?
- What challenge structure does E8 Markets use for its evaluation process?
- How much maximum funding can traders receive from E8 Markets, and does the firm provide a scaling plan?
- What is the current Trustpilot rating and number of reviews for E8 Markets?
- Which evaluation models does E8 Markets offer?
- How many accounts can a trader hold at E8 Markets, is account merging allowed, and are there lot size limits?
- Which countries are restricted from trading with E8 Markets?
Guides Where E8 Markets Is Featured
- Prop Firms Offering Crypto Trading
- Prop Firms with More Than 3000 Trustpilot Reviews
- Prop Firms With TradeLocker Platform
- Prop Firms With Trustpilot rating of 3.9 or higher
- Top Prop Firms That Accept Clients From Equatorial Guinea
These guides include E8 Markets alongside other prop firms, grouped by trading features, platforms, availability, and trader requirements.
E8 Markets vs Funded Firm vs FXIFY - Prop Firm Comparison (March 2026)
Side-by-side comparison of E8 Markets vs Funded Firm vs FXIFY. Quickly scan maximum funding, profit splits, risk rules, leverage, platforms, instruments, payout schedules, payment options, trading permissions and KYC restrictions to narrow down your prop trading firm shortlist. Data updated March 2026.
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E8 Markets
E8 Markets is a US-based prop-firm-style evaluation brand operating simulated accounts via third-party platforms, offering 1-step programs such as E8 One and E8 Signature (Forex/Crypto) with dynamic drawdown models, leverage up to 1:30 on FX, and performance-fee payouts via Plane...
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Funded Firm
FundedFirm is a UK-based proprietary trading firm launched in 2024. It offers 1‑Step and 2‑Step evaluation programs with unlimited time, allowing traders to trade forex, metals, indices, energies and cryptocurrencies on MT5. With leverage up to 1:100 (1:50 for crypto),...
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FXIFY
FXIFY is a broker-backed prop firm (FXIFY Markets Ltd, licensed in Labuan, Malaysia) offering One Phase, Two Phase and Three Phase evaluations, an Instant Funding path, and a 7-day Lightning Challenge, with up to 90% performance splits, on-demand payouts on...
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|---|---|---|---|
| Overview | |||
| Trustpilot Rating | 4.4 | 0 | 4.4 |
| Trustpilot Reviews | 3,232 | 0 | 5,320 |
| Headquarters | United States | United Kingdom | Malaysia |
| Age (Years) | N/A | 2 | N/A |
| Max Funding | $500,000 | $100,000 | $4,000,000 |
| Profit Split Start | 80% | 90% | 80% |
| Profit Split Max | 100% | 100% | 90% |
| Platforms | MT5 cTrader Match-Trader TradeLocker | mt5 | MT4 MT5 DXtrade |
| Assets | FX Metals Indices Energy Crypto | Forex Precious Metals Indices Energies Cryptocurrencies | FX Metals Indices Commodities Stocks Crypto |
| Leverage | |||
| FX Leverage | 30 | 100 | 50 |
| Metals Leverage | 15 | 100 | 50 |
| Crypto Leverage | 5 | 50 | 1 |
| Risk & Drawdown Rules | |||
| Max Daily Loss | 3 | 3–5 | Maximum Daily LossFXIFY's daily drawdown limits are program-specific. FXIFY provides examples showing One Phase uses a 3% daily drawdown, while Two Phase uses a 4% daily drawdown. Daily drawdown is monitored alongside max drawdown thresholds, and traders should plan withdrawals and risk so that intraday equity does not breach the daily limit. |
| Max Total Loss | 4 | 6–10 | Maximum Overall LossFXIFY provides examples showing One Phase accounts use a 6% max drawdown and Two Phase accounts use a 10% max drawdown. For Three Phase, FXIFY describes a static drawdown option where max drawdown is set at 5% and remains static for the life of the account. |
| Drawdown Type | Drawdown ModelE8 One uses a 3% Daily Drawdown (from the day's starting balance) plus a 4% Dynamic Drawdown that limits maximum running or closed loss. E8 Signature products use an end-of-day (EOD) Dynamic Drawdown limit (set as a fixed dollar amount by account size) plus a 2% Daily Pause that stops trading for the rest of the day but does not breach the account. | Fixed (daily 3–5% of starting equity; overall 6–10% of initial balance) | Drawdown ModelFXIFY supports both trailing-style drawdown mechanics and an optional static drawdown mode (notably for 2-Phase and 3-Phase). FXIFY also explains that on 1- and 2-Phase accounts, when a withdrawal is requested, the max drawdown “locks” at the starting balance, meaning profit withdrawals reduce the buffer created by gains and can increase breach risk if no buffer remains. |
| Payouts | |||
| Payout Frequency | Payout Frequency E8 Markets payouts are requested on-demand once a trader meets eligibility criteria. E8 Signature Forex/Crypto: First payout requires 3 profitable days; subsequent payouts require 5 profitable days (each profitable day is ≥0.3% realized closed PnL), plus a 35% Best Day Rule. Payout buffer and payout caps apply. E8 One (E8 Trader stage): 40% Best Day Rule and the trader's net profit (payout share) must be greater than 50% of the account's daily drawdown; buffer rules can apply in specific scenarios. | Payouts can be requested weekly, bi‑weekly or monthly. Weekly cycles provide a 60% profit split, bi‑weekly cycles 80%, and monthly cycles up to 100%. Payouts for weekly and bi‑weekly plans are released every Wednesday starting from the second week after the account is opened. | Payout FrequencyInstant Funding: FXIFY states Instant Funding accounts offer payouts every 14 days. Evaluation programs (1-Phase, 2-Phase, 3-Phase): FXIFY states the first payout is instant and on demand, processed right after the trader's first live trade in the funded account. |
| Days to First Payout | 0 | 7 | 0 |
| Payout Processing Time | Payout ProcessingPayouts are typically processed within 1–2 business days (excluding weekends) and then received in ~1–3 additional business days; the total process may take 2–5 business days. Payouts are delivered via Plane (bank transfer) or Rise (crypto options), subject to payout-provider onboarding/KYC. | 1 | 0 |
| Payout Methods | Plane (Bank Transfer) Rise (Crypto) | Bank transfer UPI BTC USDT TRC20 USDT BEP20 USDT ERC20 | Crypto Bank Transfer |
| Payments | |||
| Payment Methods | Credit/Debit Card Crypto | UPI Bitcoin USDT TRC20 USDT BEP20 USDT ERC20 | Credit/Debit Card Crypto |
| Trading Permissions | |||
| News Trading | E8 One: In Phase 1, news trading is allowed without restriction. On the E8 Trader stage, a prohibition window applies for high-impact news: 5 minutes before and 5 minutes after the release, during which opening/closing/modifying trades is prohibited; profits earned during the window may be removed without an account violation. E8 Signature Forex/Crypto: News trading is allowed without restrictions in both Phase 1 and the E8 Trader stage, with a reminder that high-impact news can cause volatility and slippage and that the user is responsible. | News trading is allowed on all account types. Traders may open and close positions during high‑impact news releases. | News trading rules are defined by FXIFY program terms and platform rules; traders should follow FXIFY's compliance guidance and avoid any prohibited behavior, especially around extreme volatility where drawdown breaches can occur quickly. |
| Weekend Trades | E8 Signature Forex/Crypto: Overnight/weekend holding is not supported; positions are closed daily at 23:00 server time and trading reopens at 00:15.E8 One: The help center does not impose the same daily position-closure rule; weekend/overnight exposure remains subject to normal market gaps and drawdown calculations. | Overnight and weekend holding is allowed without restrictions. | FXIFY advertises the ability to hold positions over the weekend on supported programs/instruments, subject to market hours, symbol availability, and account objectives. |
| Copy Trading | E8 Markets allows copy trading across evaluations and E8 Trader accounts (and to/from personal accounts) as long as the accounts belong to you. A key restriction is that you cannot copy trades or reuse the same trading ideas between multiple E8 evaluation accounts; each evaluation must be traded independently. Team trading and third-party signal services are not permitted. | Copy trading and mirroring strategies across accounts are prohibited. | Copy trading is allowed between your own FXIFY accounts and from FXIFY accounts to other accounts. To copy from an external account into a FXIFY account, FXIFY requires submission of the master account statement in HTML format beforehand, and copying from a third party is prohibited. |
| EA Allowed | Expert Advisors (EAs) are allowed. E8 states it limits one strategy per user and may terminate accounts if it detects multiple users executing the same trades/strategy. Server request limits (e.g., order/TP/SL modification limits and maximum positions per day) also apply. | Expert Advisors (EAs) and automated trading tools are not allowed. | 1 |
| KYC & Restrictions | |||
| KYC Required | Yes | No | Yes |
| KYC Stage | KYC is required as part of eligibility and compliance checks. To receive a payout, traders must also be able to onboard and pass KYC with E8's payout providers (Plane or Riseworks/Rise); if a trader cannot complete provider onboarding, E8 states it cannot issue a payout. | KYC/AML verification is required before the first payout. Traders may need to provide government‑issued ID and proof of address to satisfy compliance checks. | KYC is required as part of FXIFY's AML/KYC compliance process before traders can fully access withdrawals/performance fees. If a trader cannot pass KYC, FXIFY's policy explains this impacts their ability to proceed under the program's compliance requirements. |
| Restricted Countries | Afghanistan Albania Algeria Myanmar (Burma) Burundi Belarus Central African Republic Congo Democratic Republic of Congo Cuba Ethiopia Hong Kong Iran Iraq Kenya Kosovo Lebanon Libya Mali Midway Islands Nicaragua North Korea Pakistan Russia Samoa Somalia South Sudan Sudan Syria Ukraine United Arab Emirates Vatican City State Venezuela West Bank Western Sahara Yemen Zambia; Limited (E8 Signature Forex/Crypto only): Bulgaria India Romania Bangladesh Indonesia Taiwan Cambodia Laos Viet Nam Croatia | No specific list of restricted countries is published but services may not be available in sanctioned jurisdictions such as North Korea Iran Syria and other high‑risk regions. | United States Zimbabwe Iran Iraq North Korea Somalia Vietnam Burundi Central African Republic Ivory Coast Liberia Libya Sudan Cuba Syria Afghanistan Yemen Palestine Myanmar Nicaragua Congo Republic Crimea Democratic Republic of Congo Eritrea Guinea Guinea-Bissau Papua New Guinea South Sudan Vanuatu Venezuela Algeria Russia Kenya Ghana |