Eightcap’s prop challenges run on the same infrastructure the forex broker uses for its live clients, so pricing and execution come from its own feed rather than a separate prop firm setup. It scored 89/100 because you get this raw pricing, plus MT4/MT5/TradeLocker access and three account types that cover both multi-day and short-session trading.
Eightcap Summary
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Eightcap scores 89/100 during testing, and its biggest point of difference is that the entire challenge program is operated directly by a regulated forex broker rather than an independent prop firm. You get access to Eightcap’s own live pricing, execution feed and trading platforms (MT4, MT5 and TradeLocker), but within prop style rules and targets.
The One Step, Two Step and Day Trader challenges cover both structured, multi-day evaluations and fast, timed sessions, and extremely competitive tight spreads. We think this challenge will suit the serious forex traders who want to dabble in prop trading, with a trading environment that feels familiar and efficient.
Eightcap gives you three evaluation processes to choose from with its one step, two step and short-session Day Trader challenges. The forex broker has created an interesting selection of challenges with something for everyone, and each operates within a simulated environment rather than a live market.
The standard challenges range from 10K to 200K, with fees starting from $99 for the two step and $119 for the one step, which is significantly more than the cheapest prop firms we’ve tested, but to be fair you get a level of stability that feels closer to a professional trading environment rather than the usual prop setup.
The fast paced Day Trader challenges are much cheaper, with entry costs from $5, but all run on a fixed $10,000 balance. This is a unique challenge as it condenses the whole evaluation into a 1, 2, 4, or 8 hour window. Instead of working through phases, you choose a stake and a multiplier, then trade until you either hit the profit target or reach your drawdown.
It feels more like a test of timing and control than a traditional prop evaluation, so it suits traders who prefer short sessions and immediate results rather than a multi-day or multi-week grind.
| Feature | One-Phase Day Trader | Two-Phase Day Trader | Fast Day Trader (1–8 Hour) |
|---|---|---|---|
| Account Size Range | $10,000 – $200,000 | $10,000 – $200,000 | Fixed $10,000 simulated balance |
| Fee Range | $119 – $1,299 | $99 – $1,199 | $5 – $250 |
| Evaluation Process | One Step | Two Step | 1, 2, 4 or 8-hour |
| Profit Target | 10% | 10% / 8% | Varies by stake & multiplier |
| Max Daily Loss | 4% | 5% | Fixed dollar drawdown |
| Max Total Loss | 8% | 10% | Fixed dollar limit based on chosen stake |
| Minimum Trading Days | 5 | 3 per step | NA |
| Profit Split | 80% | 80% | Instant payout based on 2x, 5x or 10x multiplier |
The One Step Challenge is the most direct evaluation because you only work through a single step before entering the payout stage, and the rules stay fixed from the moment your account is created.
You choose an account size from $10,000 to $200,000, pay the one off fee, and trade until you reach the 10% target or breach either the 4% daily or 8% total drawdown. The minimum of five trading days stops you from passing in a single move, but otherwise the pacing is flexible and will suit if you prefer a simple, steady path.
The risk limits are easy to plan around because the daily drawdown is based on the previous day’s balance, so you begin each session knowing exactly how much room you have.
The total drawdown never trails your equity, which removes the stress of watching a limit move against you during profitable streaks.
| Account Size | Fee | Max Daily Loss (4%) | Max Total Loss (8%) | Profit Target (10%) | Min Trading Days | Max Leverage | Profit Split |
|---|---|---|---|---|---|---|---|
| $10,000 | $119 | $400 | $800 | $1,000 | 5 | 1:100 | 80% |
| $25,000 | $259 | $1,000 | $2,000 | $2,500 | 5 | 1:100 | 80% |
| $50,000 | $429 | $2,000 | $4,000 | $5,000 | 5 | 1:100 | 80% |
| $100,000 | $659 | $4,000 | $8,000 | $10,000 | 5 | 1:100 | 80% |
| $200,000 | $1,299 | $8,000 | $16,000 | $20,000 | 5 | 1:100 | 80% |
The Two Step Challenge offers more breathing room through wider limits, and many traders prefer it because the structure feels smoother across different market conditions.
You still choose from $10,000 to $200,000, but the evaluation is split into a 10% target in Step 1 and an 8% target in Step 2, which is easier to manage than trying to hit a single large target at once.
The 5% daily and 10% overall drawdowns allow for steadier trade management, and each step requires at least three trading days before you can move forward.
| Account Size | Fee | Max Daily Loss (5%) | Max Total Loss (10%) | Phase 1 Target (10%) | Phase 2 Target (8%) | Min Trading Days (Phase 1/2) | Max Leverage | Profit Split |
|---|---|---|---|---|---|---|---|---|
| $10,000 | $99 | $500 | $1,000 | $1,000 | $800 | 3 / 3 | 1:100 | 80% |
| $25,000 | $219 | $1,250 | $2,500 | $2,500 | $2,000 | 3 / 3 | 1:100 | 80% |
| $50,000 | $389 | $2,500 | $5,000 | $5,000 | $4,000 | 3 / 3 | 1:100 | 80% |
| $100,000 | $599 | $5,000 | $10,000 | $10,000 | $8,000 | 3 / 3 | 1:100 | 80% |
| $200,000 | $1,199 | $10,000 | $20,000 | $20,000 | $16,000 | 3 / 3 | 1:100 | 80% |
The Day Trader Challenge is completely different because it compresses the entire evaluation into a timed session, which creates a faster and more tactical experience.
Every challenge begins with a fixed $10,000 balance, and you choose a stake between $5 and $250 along with a multiplier that sets your target and drawdown. Once the session starts, you work inside a 1, 2, 4 or 8 hour window and try to reach your target before either the timer or your drawdown runs out.
This format is great if you enjoy short, focused sessions rather than multi day planning. You can only run one Day Trader challenge at a time, so each session needs your attention from start to finish. Automated trading also isn’t available on the day trading challenges.
Another rule worth paying attention to is the single instrument profit cap, which limits how much of your total profit can come from one symbol during the session. The cap is set at 75% of the target, so even if one trade runs well, you still need a second position to contribute the remaining profit. This stops the challenge from turning into a single lucky entry and forces you to balance your approach, because if one instrument generates more than the allowed portion, the excess is removed before your final result is calculated.
These trading rules are designed to make the Day Trader challenge feel more controlled, since you have to build a combined result rather than relying on one oversized move.
| Challenge | Session Length | Starting Balance | Stake Range | Payout Multipliers |
|---|---|---|---|---|
| DT-1 | 1 hour | $10,000 | $5 - $250 | 2x, 5x, 10x |
| DT-2 | 2 hours | $10,000 | $5 - $250 | 2x, 5x, 10x |
| DT-4 | 4 hours | $10,000 | $5 - $250 | 2x, 5x, 10x |
| DT-8 | 8 hours | $10,000 | $5 - $250 | 2x, 5x, 10x |
Eightcap offers two optional add-ons but only for the One Step and Two Step challenges, and both are for the funded account stage. These extras do not apply to the Day Trader challenge, since that model pays instantly once the session finishes.
Eightcap does not offer a traditional scaling plan at the moment, but you can increase your total allocation by holding multiple active accounts across the One Step and Two Step challenges.
The combined limit across all funded accounts is $600,000, which gives you room to grow as long as you stay within the risk rules and avoid inactivity.
The Day Trader challenge does not include any scaling or allocation increases because each session stands alone.
Eightcap’s trading rules are clear once you understand how each model is structured, and most of the restrictions are in place to keep the challenges fair and consistent across all accounts.
How We Tested Eightcap’s Challenges (9/10)
We scored Eightcap’s challenges by mapping their trading rules against our framework for targets, drawdown, costs and flexibility, then running live test accounts in the Two Step challenge.
We checked that the 10% and 8% targets, 4-5% daily drawdown and 8-10% max loss sat inside our preferred ≤10% Phase 1 target / 5-10% drawdown band, and that the minimum trading days did not force artificial overtrading.
The extra point came from the short-session day trading challenge and the funded account add-ons, while higher fees on larger accounts and the lack of a traditional scaling plan kept the score at 9/10 instead of a perfect 10, which aligns with our methodology for testing challenges.
Eightcap runs raw pricing across all challenge accounts, with forex spreads starting from 0 pips and a $5 roundturn commission fees for every non-crypto CFD.
This is the same across all trading platforms, and the pricing is pulled directly from Eightcap’s live feed rather than a simulated or widened challenge-only stream.
Forex spreads for majors like EUR/USD start at 0 pips, while GBP/USD and USD/JPY can be as low as 0.1 pips. Every forex position includes the standard $5 per lot roundturn commission costs that come with raw pricing, which is the same for indices and commodities.
Crypto is the only asset class that has no commission fees for Eightcap challenge.
For indices you typically see levels such as 16 points on US30, 14 on NAS100 and 12 on UK100. Commodities use the same fee structure, with gold usually starting around 1.2 points and WTI crude oil near 3 points.
US stocks only appear in the Day Trader challenge and commission fees are $4 roundturn across NYSE and NASDAQ tickers. US ETFs follow the same stock pricing, while ASX ETFs use a 0.1% round-trip commission fee.
How We Tested Eightcap’s Spreads & Fees (9.5/10)
We evaluated Eightcap’s spreads by connecting a live MT5 test account during active London and New York sessions, then comparing real-time bid/ask data against our benchmark for top-tier pricing: sub-0.5 pip EUR/USD averages and transparent, fixed-rate commissions.
We confirmed that majors consistently printed at 0.0-0.1 pips and that the $5 round-trip commission aligned with the flat-fee model we use in scoring.
Our standardised testing process means firms earning 9-10/10 must offer spreads below 0.5 pips and low and fully disclosed commissions, Eightcap met those conditions, especially with raw-feed depth matching its published pricing.
The 0.5-point deduction reflects the fact that some competitors offer $3.50 roundturn commissions, which is our ideal benchmark for perfect scoring.
You can trade forex, indices, commodities, cryptocurrency, and ETFs across all challenges, but US stocks are only available via the Day Trader challenge, and leverage depends on the model you choose. The One Step and Two Step accounts use the highest leverage, with forex capped at 1:100 and the rest of the market using predictable tiers like 1:30 for indices and 1:20 for commodities. Cryptocurrency runs at 1:3 which is slightly higher than the industry average (leveraged trading for Bitcoin etc is usually capped at 2:1), and ETFs sit at 1:5 across all account types.
The Day Trader challenge is the only account that includes US stock CFDs, and they are set at 1:5. Leverage is also intentionally lower on every other market inside the Day Trader model, with forex reduced to 1:30, indices to 1:10 and crypto to 1:2. This creates a more controlled environment for the shorter sessions, where your results depend on timing and risk control rather than raw position size.
| Asset Class | One Step | Two Step | Day Trader | Notes |
|---|---|---|---|---|
| Forex | 1:100 | 1:100 | 1:30 | Majors, minors and exotics supported |
| Indices | 1:30 | 1:30 | 1:10 | Includes US30, NAS100, SPX500, UK100, GER40 |
| Commodities | 1:20 | 1:20 | 1:10 | Metals and energies |
| Crypto | 1:3 | 1:3 | 1:2 | Wide crypto list across all models |
| US Stocks | n/a | n/a | 1:5 | Day Trader only |
| ETFs | 1:5 | 1:5 | 1:5 | ASX and US ETFs available |
How We Tested Eightcap’s Markets & Leverage (9/10)
We tested Eightcap’s market depth by trading across different asset classes on their Two Step challenge account, comparing instrument availability to our broad market requirement, which is multiple asset classes and niche markets. We then validated leverage on each asset by measuring margin requirements and checking whether each market met our preferred industry standard of up to 50:1 on forex and lower tiers on restrictive assets like crypto.
Under our methodology, firms scoring 9-10/10 must offer multi-asset breadth and consistent leverage that supports varied trading strategies. Eightcap met these standards with a strong asset list, but it lost a point due to US stock CFDs being restricted to Day Trader only, and no futures trading, a limitation under our full-range market access ideal.
Eightcap challenge accounts run on MetaTrader 4 (MT4), MetaTrader 5 (MT5) and TradeLocker, and all three platforms use the CFD broker’s live pricing feed so spreads, commissions and execution behaviour match what you would see on a real Eightcap account.
The platform you choose affects which tools you can use, especially for automated trading, since the Day Trader challenge only supports manual trading on TradeLocker.
MetaTrader 4 is available for the One Step and Two Step challenges and supports the full set of Expert Advisors (EAs), custom indicators and MQL4 scripts.
This makes it a strong fit if your strategy relies on automation, backtesting or rule-based execution, because the challenge environment allows EAs during both the evaluation and payout stages.
MT4 handles all supported asset classes except US stock CFDs, which are not part of the standard challenges anyway, and you can hold positions over the weekend without restrictions.
MetaTrader 5 offers a more modern layout and faster charting, and it also supports automated trading through MQL5 Expert Advisors and scripts.
You get the same ability to run EAs on the One Step and Two Step challenges, and the extra timeframes, depth-of-market window and broader indicator list help if you trade multiple markets.
MT5 generally feels smoother than MT4 for intraday trading and pairs well with Eightcap’s raw pricing feed, especially if you trade indices, metals or crypto. As with MT4, all challenge rules stay the same on MT5 and you can switch between the two platforms if needed.
TradeLocker is the only platform available for the Day Trader challenge, and it is fully manual, with no automated trading, no scripts and no copy trading allowed.
The interface is lightweight and easy to use for time-boxed sessions, and order placement feels responsive when you are working inside a one, two, four or eight hour window.
TradeLocker covers the full list of Day Trader instruments, including US stock CFDs, and it reflects the same live feed spreads and commission structure as the MetaTrader platforms.
TradeLocker can also be used for the One Step and Two Step challenges, although most traders choose MT4 or MT5 if they rely on automation.
Switching platforms is supported on standard challenges but not during an active Day Trader session, so you need to choose your platform beforehand.
How We Tested Eightcap’s Trading Platforms (9/10)
We scored Eightcap’s platforms by running both automated and manual trades on MT5 during a Two Step challenge, and then completing a timed session on TradeLocker to validate the Day Trader restrictions. We used our methodology’s criteria requiring:
Eightcap scored strongly because MT4/MT5 provide full Expert Advisor (EA) and MQL automation support, a requirement for a 9/10 rating, and because TradeLocker delivered clean manual execution for the short session model.
The missing point came from the absence of TradingView and cTrader, which are part of our benchmark for a perfect platform score.
Eightcap processes profit payouts quickly once you qualify, with your first payout after 14 days for the One Step and Two Step accounts, and instant payouts on the Day Trader challenge.
The payout rules are structured differently across the three models, so timing, minimums and limits depend on the challenge you choose.
For the One Step and Two Step challenges, you can request your first payout after 14 days from account activation or from your previous payout.
The minimum withdrawal is $100, and anything below that can only be paid in crypto. Payment methods include bank transfer or crypto, with support for USDT (TRC20 or ERC20) and BTC.
All payout requests must pass KYC and a risk review, and Eightcap notes that phone or video verification may be required to progress a request.
Approved withdrawals are normally processed within 24 to 48 hours, although the FAQ states they can take 2 to 5 business days depending on banking times.
The profit split is 80% by default, but as mentioned you can increase it to 90% with a paid add-on.
While the One Step challenge includes a profit cap for your first three payouts (set at 5% of your starting balance) the Two Step challenge has no profit cap at all, which gives you more room if you plan to take larger swings once you reach payouts.
Any payout request above the cap on One Step accounts will not be processed, and unused amounts do not carry forward.
Day Trader payouts work differently, and instead of a profit split, your payout is calculated by multiplying your initial stake by the multiplier you selected at checkout. You become eligible immediately after a successful session with no waiting period.
The minimum withdrawal is $10 when using crypto, and payouts under $100 can only be sent via crypto. Because each session stands alone, you do not receive a refund of your challenge fee and there is no recurring payout cycle.
Payouts are processed on business days only, and requests submitted on weekends or holidays roll over to the next business day. International bank transfers can take an additional 4 to 5 business days to land depending on your institution. Eightcap does not refund challenge fees after you pass, regardless of challenge type.
How We Tested Eightcap’s Payout System (8/10)
We tested payouts by completing a Two Step challenge and receiving a funded account, submitting a withdrawal request, and measuring the full cycle against our payout framework, which looks at processing time, minimum withdrawals, payout frequency, and the profit sharing agreement. We verified the 14-day first-payout rule, the $100 minimum, the KYC+risk review step, and the expected 24-48 hour processing window.
Under our scoring system, firms receive 9-10/10 only if they offer weekly payouts without a paid add-on, low minimum withdrawal amounts, and 80-90% profit splits with no early caps.
Eightcap landed at 8/10 because:
These align with our criteria for a solid but not perfect score for their payout structure.
Eightcap provides reliable support for its challenge accounts, with 24/7 email assistance and live chat that connects you to a real person rather than a bot, which makes troubleshooting during volatile sessions much easier.
Customer support replies were fast during our testing, and we consistently received clear answers to KYC, payout timelines and account rules, which are the areas where most prop traders need a quick response.
The education offering is stronger than what most prop firms provide, since you also get access to Eightcap’s ecosystem of research tools. Their Trade Zone includes weekly market insights, session previews and technical breakdowns, and Eightcap Labs offers more structured guides on trading concepts, risk management ideas and strategy building.
Even though these resources are designed for retail clients, they translate well to challenge trading because the content covers the same instruments and trading conditions you’ll see on the simulated accounts.
How We Tested Eightcap’s Support & Education (9/10)
We tested Eightcap’s support by contacting live chat and email with payout, KYC and platform questions, checking response speed and accuracy. They scored strongly because replies were fast, 24/7 and handled by real agents not bots, which is refreshing.
For educational resources, we reviewed Trade Zone and Eightcap Labs for market insights and practical guidance. Both offered far more value than typical prop firms offer. We deducted one point because the material isn’t challenge-specific, giving Eightcap a final 9/10.
Eightcap’s challenge program works differently from most because it isn’t broker backed prop firm, it is run directly by the broker itself, using the same technical infrastructure, pricing feeds and platform environment offered to live clients.
You trade on simulated accounts, but the execution, spreads and market data all mirror Eightcap’s real-time pricing feed, which removes the uncertainty that usually comes with prop firms using private or manipulated pricing sources.
From a reputation standpoint, Eightcap has been operating since 2009 and based in Australia, regulated by top tier financial authorities like the Australian Securities and Investment Commission (ASIC) and the UK’s Financial Conduct Authority (FCA).
Its seen as one of the most reputable brokerages in the retail trading space, with a 4.1/5 star score on Trustpilot from thousands of online reviews.
The feedback generally reflects solid customer service, efficient withdrawals and a minimal slippage, and while that feedback relates to Eightcap’s brokerage operations, the challenge program benefits from the same customer support team, platform access and operational stability.
In practice, this gives the challenges a level of reliability you don’t normally see with prop-style programs that outsource liquidity, support or execution.
Eightcap is transparent about how payouts work, what triggers a review and which documents are required for KYC, and the 14 day first-payout window is stated openly rather than buried in fine print. Monthly trading instrument updates and clear leverage tables also help you understand exactly what you can trade before starting a challenge.
Even though these accounts are simulated environments, the combination of broker-level infrastructure, public rule documentation and a long operating history makes the overall setup more predictable and trustworthy than most independent prop firms.
How We Tested Eightcap’s Trust & Transparency (9/10)
We assessed trust using our methodology’s three-pillar model, being regulation, reputation, and operational transparency. We verified Eightcap’s licences (ASIC, FCA, CySEC, SCB), checked its 4.1/5 Trustpilot score, and assessed whether challenge accounts genuinely mirror the broker’s live pricing.
To test this, we ran a challenge feed side by side with a real Eightcap live account and measured spread deviation during volatile periods.
Under our scoring system, firms earn 9-10/10 when they show strong regulation, open policies, and verifiable pricing integrity, and Eightcap met all three requirements.
The only deduction came from the simulated trading environment nature of challenge accounts (which do not carry investor protections like Eightcap’s traditional CFD trading accounts), keeping the score at 9/10, consistent with our rules for transparency evaluations.
Eightcap earns a solid overall score of 89/100, largely because it offers something structurally different from typical prop firms – a challenge system operated directly by a regulated broker using its own pricing, infrastructure and execution environment.
This removes many of the uncertainties you can face with some prop firms, such as private liquidity pools, artificial spreads or inconsistent fills.
The challenge formats are balanced and achievable, the Day Trader model offers a genuinely alternative way to prop trade, and MT4/MT5 support gives you access to a proper technical environment rather than a simplified web platform. Costs are competitive, spreads are extremely tight, and the trading rules are clear and transparent.
The main limitations are the higher fees on larger account sizes, no traditional scaling plan, and the 14 day wait before the first payout on the standard challenges.
Even with those drawbacks, the overall package feels more stable and predictable than any independent prop firms because everything is built on top of Eightcap’s brokerage framework, rather than outsourced infrastructure.
If you prioritise reliability, regulated oversight and consistent pricing over marketing extras or aggressive scaling promises, Eightcap provides one of the more solid challenge options available.
No, Eightcap’s brokerage services are not available to US residents, and the challenge accounts follow the same geographic restrictions. Traders in the United States cannot open an Eightcap live account or participate in the One Step, Two Step or Day Trader challenges. This is due to regulatory limitations rather than a technical barrier, and there are no workarounds such as VPN trading or offshore onboarding. Eightcap requires real identity verification, so USA based traders cannot bypass regional rules.
Eightcap payouts usually take 24 to 48 hours to process once they pass KYC and risk review, although the FAQ notes they can take 2 to 5 business days depending on your bank or crypto network. The first payout for One Step and Two Step accounts is available after 14 days, with a $100 minimum withdrawal. Day Trader payouts are instant after a successful session and can be withdrawn from $10 in crypto. Weekend requests roll into the next business day.
No, Eightcap does not offer a demo version of its prop challenges, because each challenge relies on a simulated live feed that must be purchased and activated through your account. The challenge environment uses the same pricing as Eightcap’s live markets, but you can’t trial the evaluation rules or test pass conditions without buying a challenge first. If you want to practise, you can use a free MT4 or MT5 demo, but it won’t replicate challenge drawdowns or targets.
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