Economy
E8 Funding Proprietary Trading Firm | Detailed Review And Assessment
In the modern trading era, keeping updated with evolving trends and organizations is vital. E8 Funding is one such entity gaining traction among global traders. The relevance of understanding E8 Funding’s business model and services is amplified by its growing influence on investment decisions worldwide.
Traders Union compiled a comprehensive E8 Funding review, highlighting the firm’s intricate operational framework, service offerings, and value propositions. TU experts have highlighted the strengths and limits of the broker and mentioned its costs.
What is E8 Funding?
According to TU experts, E8 Funding is a proprietary trading firm that operates without regional restrictions. They offer a broad spectrum of account types, with balances ranging from $25,000 to $250,000, scalable up to $1 million. E8 Funding charges only initial fees starting from $138, determined by the account type, while imposing no monthly fees.
A wide range of trading instruments, such as currency pairs, stocks, indices, energies, metals, and cryptocurrencies, are available for trading. The firm provides the opportunity to trade on weekends, use advisors and bots, apply to hedge, and copy trades on the popular MetaTrader 4 and MetaTrader 5 platforms, including mobile versions. E8 Funding implements a profit-sharing model where 80% of net profits go to partners, with the remaining 20% retained by the company.
Advantages and disadvantages of E8 Funding
TU experts have identified and listed the advantages and disadvantages of E8 Funding:
Advantages:
- Multiple account types and initial fee options.
- No recurring monthly payments or withdrawal fees.
- Complete freedom in trading strategy selection and application.
- The use of widely recognized trading platforms: MetaTrader 4 and 5.
- Partners retain 80% of profits with payouts available from the 8th day of cooperation.
- Scalable accounts facilitating balance growth up to $1 million.
Disadvantages:
- Limited to only MetaTrader 4 and 5 trading platforms.
- Customer support primarily through email and limited live chat availability.
- Profits can only be withdrawn once every 14 days.
Analysis of features of E8 Funding
Traders Union has meticulously evaluated various parameters of E8 Funding. The firm receives high scores for user satisfaction (9.62/10), regulation and safety (9.9/10), commissions and fees (9.7/10), and variety of instruments (9.2/10). Furthermore, the brand’s popularity is solid at 9.3/10, and the customer support work is rated at 9.5/10. E8 Funding’s education support boasts an impressive perfect score of 10/10.
Trading conditions for E8 Funding users
According to the TU experts, E8 Funding’s partners must only pay initial fees without hidden subscription or withdrawal charges. Partners can trade any listed instrument, with leverage up to 1:100. Customer support is accessible via email or live chat, including weekends with earlier closing hours.
The firm utilizes MT4 and MT5 trading platforms, providing a variety of account types. The minimum deposit is $138, and leverage can reach 1:100. Partners can benefit from attainable challenges, up to $1 million balance growth, minimal trading limits, and an 80% profit share.
Costs of E8 Funding
TU experts emphasize that E8 Funding, being a proprietary trading firm, does not serve as a liquidity provider or route trades to the market, hence, does not need corresponding licenses. The firm collaborates with first-level providers, allowing traders to avail the lowest possible spreads and trading fees. E8 Funding only charges initial fees ranging from $138 to $988, depending on the account and balance. The firm garners a 20% share of every partner’s net profits, which aligns with the standard practices across proprietary trading firms.
Additionally, TU experts have conducted and published The Funded Trader reviews. To know about the broker and read an insightful review, visit the official website of Traders Union.
Conclusion
Traders Union’s detailed review provides valuable insights into E8 Funding’s operations. While the firm shows promising potential with its service offerings, some limitations, such as restricted platform choices and limited customer service, need consideration. We encourage all prospective partners and traders to explore this review further, evaluate their options, and make informed decisions. For an even deeper dive and more insights, visit the official website of Traders Union.
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed flat on Wednesday, August 5, as the market witnessed weaker trading activity with only two deals executed.
In the midweek session, the volume of securities exchanged by investors dropped 99.9 per cent to 802 units from the 1.6 million units recorded on Tuesday. The value of securities further decreased by 99.6 per cent to N208,240 from the preceding session’s N47.6 million, and the number of deals significantly went down by 93.9 per cent to two deals from the 33 deals recorded a day earlier.
Great Nigeria Insurance (GNI) Plc remained the most traded stock by value on a year-to-date basis, with 3.4 billion units worth N8.4 billion, followed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units sold for N6.5 billion, and Central Securities Clearing System (CSCS) Plc with 76.9 million units transacted for N5.5 billion.
GNI Plc was also the most active stock by volume on a year-to-date basis, with 3.4 billion units exchanged for N8.4 billion, followed by Infracredit Plc with 2.3 billion units traded for N6.5 billion, and Resourcery Plc with 1.1 billion units valued at N415.7 million.
There were no price gainers or losers yesterday.
As a result, the market capitalisation stood unmoving at N2.739 trillion, while the NASD Security Index (NSI) remained unchanged at 4,563.96 points.
By Adedapo Adesanya
The Naira slid against the US Dollar by N2.28 or 0.17 per cent in the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Wednesday, August 5, to N1,363.85/$1 from N1,362.55/$1.
The local currency also declined against the Pound Sterling in the official market during the session by N5.97 to close at N1,837.38/£1 compared with Tuesday’s closing rate of N1,831.41/£1, and against the Euro, it crashed by N6.54 to quote at N1,575.25/€1 versus the preceding session’s N1,568.71/€1.
But at the black market, the Nigerian Naira traded flat against the greenback yesterday at N1,400/$1, and also remained unchanged at the GTBank FX desk at N1,373/$1.
The Central Bank of Nigeria (CBN) says rates have narrowed to below two per cent, while the country’s external reserves have risen above $52.5 billion, reflecting the impact of its ongoing monetary and foreign exchange reforms.
CBN Governor Yemi Cardoso, represented by the Acting Director of Corporate Communications and Investor Relations, Mrs Hakama Sidi-Ali, disclosed this on Tuesday during the CBN Fair in Gombe. He noted that reforms introduced since 2023 had significantly reduced the disparity between the official FX market and the parallel market.
“The Naira continues to strengthen, with the spread between official and Bureau de Change rates now below two per cent,” he said, adding that reserves at $52.5 billion were supported by sustained inflows and renewed investor confidence in the economy.
Interbank FX transactions slid as weaker market activities dropped total Dollar volume exchanged to $75.35 million, a 51.8 per cent decline from $156.23 million in turnover quoted at the previous close.
The deals at the NFEM window also fell as data from the central bank put Wednesday’s quote at 82 from 139.
In the cryptocurrency market, major were down as global risk sentiment softened as a key world equity index slipped and chipmakers fell.
The MSCI All Country World Index snapped a five-day run to fall 0.2 per cent as chipmakers retreated on both sides of the Pacific. South Korea’s Kospi, a bellwether for the AI trade, dropped 4.4 per cent.
Ripple (XRP) depleted by 1.7 per cent to $1.05, Binance Coin (BNB) decreased by 1.0 per cent to $594.87, Cardano (ADA) depreciated by 0.9 per cent to $0.1884, TRON (TRX) shrank by 0.2 per cent to $0.3261, Solana (SOL) crumbled by 0.1 per cent to $74.00, and Dogecoin (DOGE) went down by 0.1 per cent to $0.0697.
On the flip side, Ethereum (ETH) gained 2.3 per cent to trade at $1,911.41, and Bitcoin (BTC) rose by 0.8 per cent to $64,759.28, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) remained unchanged at $1.00 apiece.
By Dipo Olowookere
The domestic stock exchange rebounded by 0.05 per cent on Wednesday on the back of renewed bargain-hunting by investors, though the level of activity waned.
After bleeding for a few days, the Nigerian Exchange (NGX) Limited heaved a sigh of relief yesterday, as the All-Share Index (ASI) gained 109.41 points to close at 244,912.24 points compared with the previous day’s 244,802.83 points, and the market capitalisation garnered N71 billion to settle at N158.087 trillion versus Tuesday’s N158.016 trillion.
Business Post reports that despite the rebound recorded by Customs Street at midweek, the market breadth index remained negative, as there were 20 price advancers and 29 price decliners, implying bearish investor sentiment.
Linkage Assurance appreciated by 9.94 per cent to N1.77, AVA Capital rose by 9.55 per cent to N10.90, Fortis Global Insurance advanced by 7.69 per cent to N2.80, McNichols gained 7.34 per cent to finish at N5.85, and Coronation Insurance surged by 5.51 per cent to N2.49.
Conversely, Honeywell Flour depreciated by 9.94 per cent to N16.30, PZ Cussons gave up 9.94 per cent to trade at N74.75, Zichis crashed by 9.74 per cent to N20.76, Learn Africa slipped by 9.62 per cent to N9.40, and Neimeth tumbled by 8.33 per cent to N8.25.
The busiest equity was FCMB, with a turnover of 369.2 million units valued at N4.1 billion. Chams transacted 46.7 million units worth N201.8 million, First Holdco transacted 43.5 million units for N5.7 billion, Access Holdings sold 29.8 million units worth N778.0 million, and Linkage Assurance exchanged 19.6 million units valued at N33.5 million.
At the close of transactions, market participants bought and sold 824.1 million units worth N25.5 billion in 48,114 deals, in contrast to the 1.6 billion units sold for N28.7 billion in 54,160 deals a day earlier, showing a shortfall in the trading volume, value, and number of deals by 48.49 per cent, 11.15 per cent, and 11.16 per cent, respectively.
