Rishat Tuktamyshov
1K posts
@Smarttrading_ri
Mathematician, forex trader. Prefer systematic approach to trading. Expert in prop firms. Bullish on crypto Tweet about forex systems, prop firms, crypto.
You weren’t meant to live an uncomfortable life. $STRC
Why did we pause E8 Classic and E8 Track? I often see this question in our community, so we decided it’s time to clarify and explain this decision. Many people who don’t have access to pass-rate data assume we removed these programs because they were too easy for traders. The truth is the complete opposite. E8 Classic and E8 Track had significantly lower pass rates than our one-phase accounts. E8 Classic, our two-phase program, had a shockingly low pass rate - only about one out of ten traders managed to complete it. E8 Track performed even worse, with roughly one out of twenty traders passing the evaluation. On the other hand, E8 One and E8 Signature are programs with the highest pass rates in the industry. The E8 Signature evaluation is so trader-friendly that one in three traders successfully completes it - that’s a pass rate three times higher than two-phase programs. So why do some people still believe that two-phase programs are easier? It’s a long-standing narrative pushed onto the community by large firms and influencers who financially benefited from their communities failing. A major advantage of our E8 Signature and E8 One accounts is that you can pass them in a single day -even with a single trade, if you manage to hit your target. We don’t force you to trade for five days just to slow your progress before you reach the sim-funded stage. The vision of @E8Markets has always been to support traders and avoid burdening them with unnecessary rules. Some traders also criticize one-phase programs because of the EOD drawdown. But there’s no reason to fear it. As soon as you build sufficient profit equal to the drawdown amount, the max loss limit trails back to your starting balance and stops increasing. For example, on our $100,000 Signature account, you only need a $3,000 profit for your drawdown to become static - it will no longer trail with your balance. Another benefit of the EOD drawdown is the daily pause, which is not a hard breach but simply a stop for the day. You won’t be punished for market volatility. Everyone can have an off day, but that doesn’t mean you should lose your account because of it. And for maximum flexibility, we’ve included the daily pause only in the sim-funded stage of the Signature accounts. I’m frequently in contact with our traders, and they consistently tell me they’re very satisfied with our rules. According to many of them, these rules have genuinely made them better traders. Have you tried our Signature or One account yet? If not, give them a chance - and avoid the pointless rules imposed by other prop firms. At E8Markets, you’ll receive all the support you need to take your trading to the next level.
