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 (up to 90% with add-ons), alongside fast Day Trader Challenges (1–8 hours) that pay an instant stake-multiplier reward (2x/5x/10x) on a $10,000 simulated balance when targets are met within the time window.
MT4 
MT5 
TradeLocker
Program Type & Scaling
• One Phase Challenge (Assessment: 10% profit target, 4% max daily drawdown, 8% max drawdown, min 5 trading days; Payout: 4% daily & 8% max drawdown, min 7 trading days, 14-day payout cycle; 80% profit share with optional 90% profit split and/or 7-day earlier payout add-ons)
• Two Phase Challenge (Assessment: 10% target, 5% daily drawdown, 10% max drawdown, min 3 trading days; Qualification: 8% target, 5% daily drawdown, 10% max drawdown, min 3 trading days; Payout: 5% daily & 10% max drawdown, min 5 trading days, 14-day payout cycle; 80% profit share with optional add-ons)
• Day Trader Challenges / Payout Phase (time-boxed 1/2/4/8-hour challenge on $10,000 simulated balance; stake $5–$500; payout = stake × 2x/5x/10x; fixed-dollar drawdown and target vary by timeframe/multiplier; profit allocation rule applies; only one Day Trader challenge may be traded at a time)
Scaling Plan
Eightcap Challenges does not promote a traditional tiered scaling ladder. Growth is handled through holding multiple active accounts under one profile up to a hard $600,000 maximum aggregate allocation across all active accounts, rather than automatic scaling increases.
Daily Loss Limit
Maximum Daily Drawdown
Eightcap 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 Overall Loss
Maximum Drawdown
Overall 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).
Drawdown Model
Balance-based (Daily from previous-day balance; Max fixed from initial balance)
Leverage
| Forex | 100 |
| Crypto | 3 |
Broker
Eightcap International Ltd (trading as Eightcap Challenges)
Commissions
Commissions
Representative commissions are applied in USD: Crypto $0; US Stocks $2 per lot at open and close (Day Trader Challenges); and $5 per lot on other instruments, with standard swaps where applicable.
Tradable Assets
FX, Commodities, Indices, Crypto, US Stocks (Day Trader only)
News & Event 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.
Payouts & Profit Split
| Profit Split Start (%) | 80% |
| Minimum Payout Amount | $100 |
| 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 Methods | Crypto, International Bank Transfer |
| Payment Methods | Credit/Debit Card (Visa, Mastercard), Crypto (USDT TRC20, USDT ERC20, BTC) |
Evaluation & Account Rules
| Challenges | Eightcap Challenges offers three simulated trading paths:
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Trading Permissions
| Weekend Trades | Weekend trading is allowed. The platform supports 24/7 trading, including the ability to manage positions over the weekend. |
| 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. |
| 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. |
| Prohibited Strategies | Prohibited practices include (particularly in the Payout Stage): martingale, grid trading, tick trading, hedging between accounts, copy trading with other traders, latency arbitrage, reverse arbitrage, gap trading, and account management/third-party trading on your behalf. Social trading tools are also not permitted. |
Other Details
| Refund Policy (Code) | Refund PolicyAccess 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. |
| 3 Percent Rule (Notes) | 3 Percent RuleEightcap Challenges does not publish a fixed 3% per-trade rule. Risk is controlled using balance-based daily drawdown limits (4%–5%), fixed maximum drawdowns (8%–10%), platform position limits (including lot caps and simultaneous-trade limits), and payout-stage distribution rules that reduce reliance on a single outsized day. |
| Consistency Rule (Notes) | Consistency Rules
|
| Indices Leverage Max | 30 |
| Metals Leverage Max | 20 |
| Days to First Payout | 14 |
| Payout Processing Time (Days) | 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. |
| Account Merge Allowed | No |
| Max Accounts per Trader | N/A |
| KYC Required | KYC/AML verification may be required before receiving payouts. The Participant Verification Policy states that prior to the first payout, Eightcap may request documentation such as government-issued photo ID, proof of address, bank statements/account confirmations, and source-of-funds/source-of-wealth evidence, and it may delay or deny payouts until verification is satisfactorily completed. The Day Trader FAQ also notes KYC is required via the dashboard if a payout exceeds $1,000. |
| 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 |
| 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 |
| Scaling Plan Availability | No |
| Other Risk Rules | Other Risk Rules
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| Spread Quality | Eightcap Challenges advertises competitive, broker-sourced pricing inside a simulated environment on mt4, mt5 and tradelocker. Spreads are variable and can widen around illiquid sessions or volatile conditions, so traders should confirm live quotes directly in-platform. |
| Slippage Policy | Trading is conducted in a simulated live market environment and trades are representative only. As a result, pricing and execution mechanics are intended to mirror real-market conditions rather than guarantee exact fills. Corporate actions (where applicable) can also adjust open positions and account values. |
| Martingale Allowed | Martingale is prohibited (treated as a rule violation, especially during the Payout Stage). |
| Lot Size Limits | Position limits include per-instrument volume caps and simultaneous-trade caps:
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