What payment options are supported by Eightcap Challenges, and how do refunds work?

💡 Answer

Payment Methods: Credit/Debit Card (Visa, Mastercard), Crypto (USDT TRC20, USDT ERC20, BTC)

Refund Policy

Access fees are generally treated as final once the account is created and the service is delivered. Eightcap Challenges states that once you start using the services, you are not entitled to a refund of any access fees.

Accepted payment methods, refund eligibility criteria, and processing times are detailed on Eightcap Challenges official website.

More FAQs about Eightcap Challenges

Guides Where Eightcap Challenges Is Featured

These guides include Eightcap Challenges alongside other prop firms, grouped by trading features, platforms, availability, and trader requirements.

Eightcap Challenges vs QT Funded vs FXIFY - Prop Firm Comparison (July 2026)

Side-by-side comparison of Eightcap Challenges vs QT Funded 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 July 2026.

Eightcap Challenges vs QT Funded vs FXIFY - Prop Firm Comparison (July 2026)
	Eightcap Challenges Eightcap Challenges is a broker-backed simulated trading program operated by Eightcap International Ltd (Seychelles) that offers One Phase and Two Phase CFD challenges on mt4, mt5 and tradelocker with balance-based drawdown limits, a 14-day payout cycle, and 80% profit splits... Visit Eightcap Challenges	QT Funded QT Funded (Quant Tekel) is a simulated CFD prop firm (founded Oct 2023) offering QT Prime (2-step/3-step), QT Power (2-step) and QT Instant (instant funding). Traders get access to FX, indices, metals, crypto and oil on MT5, cTrader or TradeLocker,... Visit QT Funded	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... Visit FXIFY
Overview
Trustpilot Rating	4.1	3.9	4.3
Trustpilot Reviews	3,834	13,014	6,132
Headquarters	Seychelles	South Africa	Malaysia
Age (Years)	1	N/A	4
Max Funding	$600,000	$400,000	$4,000,000
Profit Split Start	80%	80%	80%
Profit Split Max	90%	100%	90%
Platforms	mt4 mt5 tradelocker	MT5 cTrader TradeLocker	MT4 MT5 DXtrade
Assets	FX Commodities Indices Crypto US Stocks (Day Trader only)	FX Metals Indices Crypto Oil	FX Metals Indices Commodities Stocks Crypto
Leverage
FX Leverage	100	100	50
Metals Leverage	20	35	50
Crypto Leverage	3	2.5	1
Risk & Drawdown Rules
Max Daily Loss	Maximum Daily DrawdownEightcap Challenges applies a balance-based daily drawdown rule calculated from the previous day’s account balance snapshot (Previous Day Balance × Limit%). Your account’s intraday equity loss must not exceed this daily limit.One Phase: 4% daily drawdown (Assessment and Payout Stages).Two Phase: 5% daily drawdown (Assessment, Qualification and Payout Stages).Day Trader: No daily drawdown; risk is managed via fixed maximum drawdown thresholds tied to the selected timeframe and multiplier.	Maximum Daily LossDaily loss limits are program-specific:QT PRIME: 4% daily drawdown fixed to the initial balance (does not change with profits).QT POWER: daily drawdown is based on End-of-Day (EOD) equity; 3% on legacy rulesets and 4% for accounts issued after 9 Apr 2025.QT INSTANT: 3% daily drawdown fixed to the initial account balance (does not change with profits).Breaching the daily limit is treated as a hard breach on funded stages.	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	Maximum DrawdownOverall drawdown is enforced as a fixed percentage of the initial balance for standard challenges and as fixed-dollar thresholds for Day Trader Challenges.One Phase: 8% maximum drawdown (Assessment and Payout Stages).Two Phase: 10% maximum drawdown (Assessment, Qualification and Payout Stages).Day Trader: Maximum drawdown is defined in dollars and varies by timeframe and multiplier (DT-1/DT-2/DT-4/DT-8 with 2x/5x/10x options).	Maximum Overall LossOverall drawdown limits differ by plan:QT PRIME: 10% maximum drawdown (static, based on initial balance).QT POWER: 8% maximum loss limit (based on initial balance).QT INSTANT: 6% maximum drawdown that trails the highest recorded balance or floating equity (high-water mark). (Some operational details—such as whether trailing drawdown locks at starting balance after withdrawal—depend on the account’s issue date.)	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	Balance-based (Daily from previous-day balance; Max fixed from initial balance)	Drawdown ModelQT Funded uses a mix of static and trailing drawdown models:Static drawdown: QT PRIME (10% max loss) and QT POWER (8% max loss) use static overall drawdown anchored to the initial balance.Trailing drawdown: QT INSTANT uses a 6% trailing maximum drawdown from the highest recorded balance/equity, paired with a fixed 3% daily drawdown.	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 FrequencyOne Phase & Two Phase: Standard payout eligibility begins 14 days into the Payout Stage (or 7 days with the earlier-payout add-on), provided all payout-stage requirements and KYC are satisfied.Day Trader Challenges: Payout eligibility is immediate upon successful completion of the time-limited challenge.	Payout FrequencyPayout requests are available every 2 weeks (14 days) from the first trade on the funded account and every 14 days for each consecutive payout cycle.QT PRIME: Bi-weekly payouts at 80% split, or Prime On-Demand payouts (100% split) subject to eligibility requirements.QT POWER: payout on-demand subject to minimum conditions (including 35% consistency and minimum trading days).QT INSTANT: bi-weekly payouts at 80% split (with a 5% minimum profit and 25% consistency requirement for eligibility).	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	14	14	0
Payout Processing Time	Payout ProcessingPayout requests are reviewed by the risk team for rules compliance and KYC (if required). Approved payouts are typically processed within 24–48 hours of an eligible request, but may take longer if additional review is required.	Payout ProcessingQT Funded states payout requests are processed within 24 business hours after submission/approval (the request day does not count toward the 24-hour processing window).Minimum performance fee: the minimum payout amount is 1% or $100 (whichever is higher). For QT INSTANT, the minimum performance fee is stated as 5% of profit margin.	0
Payout Methods	Crypto International Bank Transfer	Crypto Bank Wire Transfer QT Card	Crypto Bank Transfer
Payments
Payment Methods	Credit/Debit Card (Visa Mastercard) Crypto (USDT TRC20 USDT ERC20 BTC)	Credit/Debit Card (Visa Mastercard American Express) PayPal Crypto	Credit/Debit Card Crypto
Trading Permissions
News Trading	Trading during major news events is restricted: you cannot place trades within 10 minutes before or after high-impact events (per FXStreet). Trading inside the window is treated as a soft breach that triggers a warning and removal of any profits made from those trades.	Evaluation stage: news trading is allowed.Funded stage (QT PRIME & QT INSTANT): news trading is restricted around Forex Factory red-folder (high-impact) releases: no manual trading activity (opening/closing/modifying positions or orders) within 5 minutes before/after the event; SL/TP and qualifying limit orders set earlier may still trigger. Violations are treated as hard breaches. QT PRIME On-Demand does not have the news rule applied.	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	Weekend trading is allowed. The platform supports 24/7 trading, including the ability to manage positions over the weekend.	Weekend holding is permitted across QT PRIME, QT POWER and QT INSTANT (trades can be held over the weekend), subject to general risk rules and market conditions.	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	Copy trading or mirroring another person’s trades is prohibited and may result in profit removal or account termination. Copying between your own accounts is allowed only if all accounts are registered under the same email address.	Copy trading rules depend on total allocation:Under $400,000 total allocation: traders may copy trades and use the same strategy across accounts.$400,000 and above: traders may still hold multiple accounts, but they may not copy trades or use the same strategy between accounts; each account must use a different strategy and trade different instruments for its entire history.QT INSTANT: additional max-allocation rule for same-strategy use (max $99,000); QT Instant allocation also counts toward the overall $400,000 cap.	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) and indicators are permitted, but prohibited strategy types (including martingale, grid, tick trading, arbitrage variants, gap trading and account management) are monitored and can trigger violations—especially during the Payout Stage.	Expert Advisors (EAs) are permitted only with pre-approval. Traders must submit the EA name and links to [email protected] before use. Trade copiers are also permitted with approval, and copied executions must place visible SL/TP (no invisible trade management). Unapproved use can result in account forfeit and group trading with shared EAs is prohibited.	1
KYC & Restrictions
KYC Required	No	Yes	No
KYC Stage	Australia, Saint Lucia, Afghanistan, Central African Republic, Cuba, Democratic People’s Republic of Korea (North Korea), Democratic Republic of the Congo, Guinea-Bissau, Iran, Iraq, Lebanon, Myanmar, Russia (and Crimea, Donetsk, Luhansk and Sevastopol regions of Ukraine), Somalia, Sudan, South Sudan, Syria, Yemen, Zimbabwe, Libya	KYC is required as part of onboarding and may be requested by the company’s AML/KYC providers. QT INSTANT specifically requires KYC verification and a signed contract before trading is enabled. Accounts may be treated as inactive/invalid if the latest KYC requirements are not completed.	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	Australia Libya Lebanon Pakistan Russia Somalia South Sudan Sudan United States Zimbabwe Afghanistan Central African Republic Cuba Democratic Republic of the Congo Guinea-Bissau Iran Iraq Myanmar North Korea Syria Yemen	Iran Iraq Myanmar Belarus North Korea South Korea Russia (MT5) Pakistan Syria Egypt United States (MT5 and cTrader) Canada (MT5)	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