Eightcap Challenges Review
Country
SC
CreatedDate Created
2009
YearsYears in Operation
17
Excellent
Our Final Verdict On Eightcap Challenges
Eightcap Challenges is worth using for traders who want a broker-operated challenge firm with flexible formats, and we rank it 93/100, third on our list of the top prop trading firms. The strongest evidence is the Eightcap group's operating history since 2009 with ASIC and FCA licences on the brokerage side, three challenge formats including hour-long Day Trader sessions from $5, fees from $59, 80% base profit splits rising to 90% with a checkout add-on, Day Trader payouts at 100%, and MT4, MT5, TradeLocker and TradingView access. Standard challenges offer a 14-day first payout. The caveat is that the challenge products themselves are operated by Eightcap International Ltd in Seychelles as simulated accounts outside the group's regulated brokerage services.
Excellent
BPF Overall Score
Challenges
Fees
Markets
Payouts
Platforms
Trust
The overall BPF Score comes from the full methodology, more than 100 data points per firm. The category ratings summarise each area and do not reconcile by simple average. How is our rating calculated? →
Our Take on Eightcap Challenges
Eightcap Challenges is the proprietary trading arm of the Eightcap group, a broker that has been trading since 2009 and holds ASIC, FCA, CySEC and SCB licences on the brokerage side. The challenge products are run by Eightcap International Ltd in Seychelles as simulated accounts, sitting outside those regulated services. We score it 93 out of 100, placing it 3rd on our list of the top prop trading firms and 2nd on our guide to the best forex prop firms. This is a broker-operated offering that blends deep market access with a distinctive trio of evaluation formats, making it a compelling choice for traders who want flexibility without leaving a familiar broker ecosystem.
Three challenge formats cater to different trading styles. The One Phase challenge asks for a 10% profit target with a 4% daily loss limit and 8% maximum loss, requires 5 minimum trading days, and fees start at $69. The Two Phase format splits the journey into a 9% target then a 5% target, with 5% daily and 10% max loss limits, 3 minimum days per step, and fees from $59. The most unconventional is the Day Trader format: traders pick hour-long sessions (1, 2, 4 or 8 hours) with stakes from $5 to $500, then choose a 2x, 5x or 10x multiplier - the payout is simply the stake times that multiplier, and winners keep 100% of the reward with immediate payout. All fees are non-refundable and there is no free trial, so picking the right format matters from the start.
Payouts on standard challenges start with an 80% base profit split, which can be raised to 90% via a Profit Split add-on purchased at checkout. The first withdrawal is available after 14 days, with a $100 minimum and 24-48 hour processing. Importantly, each cycle carries payout caps of 5% on One Phase and 10% on Two Phase, and after a withdrawal the balance resets to the initial virtual capital - profits do not compound. Traders operate on MT4, MT5 with full EA support, TradeLocker, or TradingView with 400+ indicators (TradingView is not available on Day Trader, and US residents cannot use MT4/MT5). Standard challenges access 200+ symbols; Day Trader uses a fixed list including 15 US stocks. Leverage is 1:100, with no futures or ETFs. Scaling is available: 25% balance increases up to $1 million require 15% in payouts over four months and at least 2 profitable months. Trustpilot does not currently display a TrustScore for the profile, which shows 3,894 reviews with a 71 percent five-star share (the profile belongs to the parent brokerage Eightcap, trading since 2009; it previously displayed a 4.1 rating). Support runs 24/5 via live chat and email, while education leans on the broker’s Trade Zone and Eightcap Labs.
Eightcap Challenges suits traders who want a broker-backed prop firm with MT4/MT5 depth, a rare short-session Day Trader option, and the ability to boost their split to 90%. The limitations are real: payout caps and balance resets mean you are always withdrawing from the same base capital rather than compounding gains, and the Seychelles structure places the challenges outside the parent’s top-tier regulatory umbrella. The non-refundable fees and absence of a free trial also mean you need confidence in your chosen format. For those comfortable with these guardrails, it is a polished, high-ranking contender.
Key Facts
| Evaluation Types | 1-step, 2-step, other |
| Max Payout Split | 80% |
| Payout Schedule | 14-day cycle (One Phase / Two Phase); Day Trader pays on session success |
| First Payout | After 14 days |
| Payout Processing | 24-48 hours after approval |
| Platforms |  MT4,  MT5,  TradeLocker,  TradingView |
| News Trading | Not Allowed |
| Weekend Holding | Allowed |
| Expert Advisors (EAs) | Allowed |
 Trustpilot | - |
Data last verified:
Pros
- RAW spreads from 0.0 pips with asset-specific commission ($5/lot, $2/lot Day Trader US Stocks, $0 crypto)
- MT4, MT5, TradeLocker and TradingView platform access
- Unique Day Trader challenge format (1, 2, 4 or 8-hour sessions) with $5 - $500 stakes
- Three distinct challenge types and four funded-account add-ons (Earlier Payout, 3-Day Payout, 90% Split, Insurance)
- Structured scaling plan up to $1M with $600K active allocation cap
- Account sizes from $5,000 to $200,000 on One Phase and Two Phase
- 24-48 hour payout processing after approval
Cons
- One Phase profit cap of 5% on all payouts
- Two Phase profit cap of 10% on all payouts
- News trading restricted around high-impact events (10 min One/Two Phase; 5 min Day Trader)
- Higher fees on larger account sizes
- 14-day wait before first payout on standard challenges (7 with add-on)
- U.S. residents restricted from MT4 and MT5
- Challenge access fees are non-refundable and there is no free trial
- Account balance resets to initial capital after each withdrawal, so profits do not compound
Best For
Serious forex traders who want broker-level infrastructure, consistent pricing with multiple challenge formats including unique short-session Day Trader challenges, and traders who want short-session US Stocks access
Not Ideal For
Traders wanting unlimited profit withdrawal on standard challenges from day one, those needing instant payouts on standard accounts, or U.S. residents who want MT4/MT5 access
Verified against Eightcap Challenges's published terms and Trustpilot record on .
Consistency Rule
Day Trader profit allocation: 40% Symbol Limit and 60% Asset Class Limit. One Phase profit cap: 5% of initial balance on all payouts. Two Phase profit cap: 10% of initial balance on all payouts (accounts before Feb 11 exempt). Payout-phase daily profit distribution: One Phase 30%, Two Phase 35% (older accounts: One Phase 25%, Two Phase 30%).
Current Offers
20% Off All Challenge Fees
Use code at checkout for 20% discount on any Eightcap Challenges challenge.
Location Availability
Challenge Accounts
Eightcap Challenges gives you three evaluation types to choose from: the Day Trader, One Phase and Two Phase challenges. Each operates within a simulated environment rather than a live market.
One Phase and Two Phase challenges both run from $5,000 to $200,000, with fees starting from $59 for the Two Phase and $69 for the One Phase. The fast-paced Day Trader challenges run on a fixed $10,000 balance with entry stakes from $5 to $500 in $5 increments.
One Phase Challenge
Account sizes from $5,000 to $200,000 with a single 10% profit target, 4% daily and 8% total drawdown. Minimum 5 trading days.
Add-on options: Earlier Payout (7 days), 3-Day Payout, 90% Profit Split, Insurance
Two Phase Challenge
Account sizes from $5,000 to $200,000. For accounts created on or after 23.02.26: 9% Assessment (Phase 1) and 5% Qualification (Phase 2) targets, 5% daily and 10% total drawdown. Minimum 3 trading days per step.
Add-on options: Earlier Payout (7 days), 3-Day Payout, 90% Profit Split, Insurance
Day Trader Challenge (1-8 Hours)
Fixed $10,000 simulated balance with stakes from $5 to $500 in $5 increments. Choose a 1, 2, 4 or 8-hour session and a 2x, 5x or 10x payout multiplier. Total payout is always Stake x Multiplier.
Profit allocation enforced: 40% Symbol Limit, 60% Asset Class Limit
Challenge Comparison
| Feature | One Phase | Two Phase | Day Trader |
|---|---|---|---|
| Account Size | $5K - $200K | $5K - $200K | $10K fixed |
| Entry Fee | From $69 | From $59 | $5 - $500 |
| Minimum Trading Days | 5 days | 3 days per step | N/A |
| Duration | No time limit, 30-day inactivity rule | No time limit, 30-day inactivity rule | 1, 2, 4 or 8-hour sessions |
| Profit Target | 10% | Step 1: 9% / Step 2: 5% | Varies by time limit & multiplier |
| Maximum Daily Loss | 4% | 5% | N/A |
| Maximum Total Loss | 8% | 10% | Fixed dollar limit |
| Max Leverage | 1:100 | 1:100 | 1:30 (Forex) |
| Profit Share / Payout | 80% / up to 90% add-on | 80% / up to 90% add-on | Stake x Multiplier |
| Add-Ons | Earlier Payout, 3-Day Payout, 90% Split, Insurance | Earlier Payout, 3-Day Payout, 90% Split, Insurance | None |
| Free EA Eligibility | $50K / $100K / $200K MT5 only | $50K / $100K / $200K MT5 only | No |
| Scaling | Yes | Yes | No |
One Phase Challenge
The One Phase Challenge is the most direct evaluation because you only work through a single phase before entering the payout stage, and the rules stay fixed from the moment your account is created.
You choose an account size from $5,000 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.
The daily drawdown is balance-based and calculated from the previous day's balance snapshot. If the limit is exceeded on equity, the account breaches. The standard profit split is 80%, with 90% available only through the paid profit split add-on.
Profit Target
10%
Max Daily Loss
4%
Max Total Loss
8%
Min Trading Days
5
Max Leverage
1:100
Profit Split
80% (90% add-on)
Best Suited For
Traders who prefer a simple, single-phase evaluation with static drawdown rules and no time pressure beyond the minimum 5 trading days.
| Account Size | Fee | Max Daily Loss (4%) | Max Total Loss (8%) | Profit Target (10%) |
|---|---|---|---|---|
| $5,000 | $69 | $200 | $400 | $500 |
| $10,000 | $119 | $400 | $800 | $1,000 |
| $25,000 | $259 | $1,000 | $2,000 | $2,500 |
| $50,000 | $429 | $2,000 | $4,000 | $5,000 |
| $100,000 | $659 | $4,000 | $8,000 | $10,000 |
| $200,000 | $1,299 | $8,000 | $16,000 | $20,000 |
Two Phase Challenge
The Two Phase Challenge offers more breathing room through wider limits, and many traders prefer it because the structure feels smoother across different market conditions.
You choose from $5,000 to $200,000. For accounts created on or after 23.02.26, the evaluation runs a 9% Assessment (Phase 1) target and a 5% Qualification (Phase 2) target, 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 phase requires at least three trading days before you can move forward. The standard profit split is 80%, with 90% available only through the paid add-on.
Phase 1 Target
9%
Phase 2 Target
5%
Max Daily Loss
5%
Max Total Loss
10%
Min Trading Days
3 per phase
Max Leverage
1:100
Profit Split
80% (90% add-on)
Best Suited For
Traders who prefer a structured two-phase evaluation with wider drawdown limits and a lower second-phase target, ideal for steady and consistent trading approaches.
| Account Size | Fee | Max Daily Loss (5%) | Max Total Loss (10%) | Assessment Target (9%) | Qualification Target (5%) |
|---|---|---|---|---|---|
| $5,000 | $59 | $250 | $500 | $450 | $250 |
| $10,000 | $99 | $500 | $1,000 | $900 | $500 |
| $25,000 | $219 | $1,250 | $2,500 | $2,250 | $1,250 |
| $50,000 | $389 | $2,500 | $5,000 | $4,500 | $2,500 |
| $100,000 | $599 | $5,000 | $10,000 | $9,000 | $5,000 |
| $200,000 | $1,199 | $10,000 | $20,000 | $18,000 | $10,000 |
Day Trader Challenge (1-8 Hours)
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 simulated balance, and you choose a stake between $5 and $500 in $5 increments 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.
You can only run one Day Trader challenge at a time, and the model enforces a 40% Symbol Limit and 60% Asset Class Limit on profit allocation so the challenge cannot be passed through a single concentrated entry. Day Trader can be traded on MT4, MT5, or TradeLocker (TradingView is not available for Day Trader).
| Feature | Challenge Details |
|---|---|
| Starting Balance | $10,000 (applied to all accounts) |
| Time Limits | 1 Hour, 2 Hours, 4 Hours, 8 Hours |
| Multiplier (Payout) | 2x, 5x, 10x |
| Stake / Entry Fee | $5 to $500 in $5 increments |
| Profit Allocation Limits | 40% Symbol Limit and 60% Asset Class Limit |
| Total Payout (Earn) | Always exactly Stake x Multiplier |
DT-1 (1HR Challenge) - Drawdown, Target & PayoutClick to expandClick to collapse
| Stake / Fee | Multiplier | Drawdown | Profit Target | Profit Payout |
|---|---|---|---|---|
| $10 (Micro) | 2x | $28 | $56 | $20 |
| $10 (Micro) | 5x | $20 | $69 | $50 |
| $10 (Micro) | 10x | $17 | $99 | $100 |
| $100 (Standard) | 2x | $28 | $56 | $200 |
| $100 (Standard) | 5x | $20 | $69 | $500 |
| $100 (Standard) | 10x | $17 | $99 | $1,000 |
| $500 (Max) | 2x | $28 | $56 | $1,000 |
| $500 (Max) | 5x | $20 | $69 | $2,500 |
| $500 (Max) | 10x | $17 | $99 | $5,000 |
DT-2 (2HR Challenge) - Drawdown, Target & PayoutClick to expandClick to collapse
| Stake / Fee | Multiplier | Drawdown | Profit Target | Profit Payout |
|---|---|---|---|---|
| $10 (Micro) | 2x | $32 | $65 | $20 |
| $10 (Micro) | 5x | $23 | $79 | $50 |
| $10 (Micro) | 10x | $19 | $139 | $100 |
| $100 (Standard) | 2x | $32 | $65 | $200 |
| $100 (Standard) | 5x | $23 | $79 | $500 |
| $100 (Standard) | 10x | $19 | $139 | $1,000 |
| $500 (Max) | 2x | $32 | $65 | $1,000 |
| $500 (Max) | 5x | $23 | $79 | $2,500 |
| $500 (Max) | 10x | $19 | $139 | $5,000 |
DT-4 (4HR Challenge) - Drawdown, Target & PayoutClick to expandClick to collapse
| Stake / Fee | Multiplier | Drawdown | Profit Target | Profit Payout |
|---|---|---|---|---|
| $10 (Micro) | 2x | $51 | $79 | $20 |
| $10 (Micro) | 5x | $36 | $102 | $50 |
| $10 (Micro) | 10x | $31 | $189 | $100 |
| $100 (Standard) | 2x | $51 | $79 | $200 |
| $100 (Standard) | 5x | $36 | $102 | $500 |
| $100 (Standard) | 10x | $31 | $189 | $1,000 |
| $500 (Max) | 2x | $51 | $79 | $1,000 |
| $500 (Max) | 5x | $36 | $102 | $2,500 |
| $500 (Max) | 10x | $31 | $189 | $5,000 |
DT-8 (8HR Challenge) - Drawdown, Target & PayoutClick to expandClick to collapse
| Stake / Fee | Multiplier | Drawdown | Profit Target | Profit Payout |
|---|---|---|---|---|
| $10 (Micro) | 2x | $67 | $99 | $20 |
| $10 (Micro) | 5x | $47 | $133 | $50 |
| $10 (Micro) | 10x | $40 | $239 | $100 |
| $100 (Standard) | 2x | $67 | $99 | $200 |
| $100 (Standard) | 5x | $47 | $133 | $500 |
| $100 (Standard) | 10x | $40 | $239 | $1,000 |
| $500 (Max) | 2x | $67 | $99 | $1,000 |
| $500 (Max) | 5x | $47 | $133 | $2,500 |
| $500 (Max) | 10x | $40 | $239 | $5,000 |
How to Calculate Your Exact Eightcap Day Trader Targets
- The Initial Stake can be any amount between $5 and $500, in $5 increments.
- Total Earned is always calculated as your Stake x Multiplier (2x, 5x or 10x).
- The Drawdown & Target Ratio: your profit target and maximum drawdown are fixed dollar amounts tied to the static $10,000 challenge balance, and they change based on your selected time limit and multiplier. As you select a higher multiplier (e.g., 2x to 10x), Eightcap tightens your allowable drawdown and increases the required profit target. Conversely, giving yourself a longer time limit (e.g., 1HR to 8HR) loosens your allowable drawdown and increases the profit target.
For example, a 1HR 10x challenge has a strictly fixed maximum drawdown of $17 and a profit target of $99, regardless of your initial stake size; only the total payout (Stake x 10) scales.
Add-Ons (One Phase & Two Phase Only)
Eightcap Challenges offers four optional add-ons for the funded account stage on One Phase and Two Phase challenges. These do not apply to the Day Trader challenge, since that model pays directly from the multiplier on a successful session. The standard profit split is 80% - the 90% split is only available with the paid add-on.
| Add-On | Fee | One Phase | Two Phase | Day Trader |
|---|---|---|---|---|
| Earlier Payout (7 days) | +25% | ✔ | ✔ | ✘ |
| 3-Day Payout | +50% | ✔ | ✔ | ✘ |
| Profit Split 90% | +25% | ✔ | ✔ | ✘ |
| Insurance | +50% | ✔ | ✔ | ✘ |
Refunds, Free Trials and Add-On Fine Print
Challenge access fees are non-refundable, and all purchases are final. The firm does not issue refunds, including fees on terminated accounts, but it may switch a purchase to a different challenge type or provide a coupon toward a larger account size. No free or trial accounts are offered before purchase. Add-ons must be selected at checkout and cannot be added later. The Insurance add-on is stage-specific: one variant covers Assessment/Qualification, and a separate Insurance - Payout variant covers Payout. Each activates once; a reset account keeps its other add-ons.
Scaling Plan
Eightcap Challenges runs a structured scaling plan on the One Phase and Two Phase challenges, with growth tied to consistent profitability rather than headline targets alone.
Scaling Criteria
- Minimum 15% in payouts within a 4-month period
- At least 2 months of profitability
- Positive account balance at the time of scale-up request
- Existing account balance can increase by 25%
- Scaling can continue up to $1 million
- Scaling approval is subject to internal risk assessment and is not guaranteed
Maximum Allocation vs Scaling
Keep these two figures separate. The active account allocation cap across all funded accounts is $600,000. Scaling can grow an individual account up to $1 million if the criteria are met and the request is approved.
The Day Trader challenge does not include any scaling or allocation increases because each session stands alone.
Trading Rules
Eightcap Challenges' 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.
Automated Trading
EAs and indicators are allowed, but prohibited strategies include martingale, hedging across accounts, grid trading, tick trading, copy trading with other traders, latency arbitrage, reverse arbitrage, gap trading, and account management. Violations in payout stage may lead to termination.
News Restrictions
News restrictions are model-specific:
- One Phase / Two Phase: trading restricted 10 minutes before and after high-impact news events.
- Day Trader: trading restricted 5 minutes before and after high-impact news events.
For One Phase / Two Phase a news breach is a soft breach - profits from those trades are removed while the account remains active.
Copy Trading
Copy trading from other traders is prohibited. Copy trading between your own accounts is allowed if all accounts are registered under the same email address. Severe breaches can lead to account termination, while other breaches may lead to profit removal.
Weekend & Swing Trading
Weekend trading and swing trading are allowed. The platform supports 24/7 trading.
Position Limits
Per-trade limits: max 10 simultaneous trades on One Phase / Two Phase. Max volume per trade: Forex 40 lots, Commodities 10 lots, Indices 20 lots.
Per-symbol exposure limits: Forex 100 lots, Metals 50 lots (Silver 10 lots), Oil 50 lots, Indices 25 lots, Stocks 50 lots, BTCUSD 5 lots.
Drawdown Rules
Daily drawdown is balance-based and calculated from the previous day's balance snapshot. If the limit is exceeded on equity, the account breaches. The floating drawdown is monitored from highest equity to current equity including open trades.
Breach Handling
When an account is breached, the platform is automatically restricted and new positions cannot be opened.
Inactivity Rule
Accounts are terminated after 30 consecutive days with no trades.
VPN / VPS & Identity
VPN and VPS use is allowed if traders follow the guidelines: use a paid VPN, keep country settings consistent, and avoid shared or group VPS setups. Multiple profiles / emails and duplicate-user behaviour are prohibited.
Fees, targets and rules verified against challenges.eightcap.com, August 2026.
How We Scored the Challenges (9/10)
We scored the challenges 9/10 after verifying the published rules against challenges.eightcap.com in August 2026. One Phase requires a 10% target, 4% daily loss, 8% max loss and 5 minimum trading days. Two Phase requires 9% then 5% targets, 5% daily loss, 10% max loss and 3 minimum days. The Day Trader format adds hour-long sessions from $5, and add-ons plus a scaling path add flexibility. The deduction: fees climb steeply on larger accounts.
Commission Fees & Pricing
Eightcap Challenges runs RAW account pricing across all challenge accounts, with spreads starting from 0.0 pips or points. Commission is asset-specific: $5 per lot on most instruments at opening, $2 per lot at open and close for US Stocks (Day Trader only), and $0 for Cryptocurrency.
Live spreads can be viewed directly in platform. The pricing is designed to mirror live conditions within the simulated challenge environment.
Commission Structure
| Asset Class | Spread | Commission |
|---|---|---|
| Forex | RAW from 0.0 pips | $5 per lot at opening |
| Indices | RAW from 0.0 points | $5 per lot at opening |
| Commodities | RAW from 0.0 points | $5 per lot at opening |
| US Stocks (Day Trader only) | RAW | $2 per lot at open and close |
| Cryptocurrency | Variable | $0 (No commission) |
How We Scored Spreads & Fees (9/10)
We scored spreads and fees 9/10 after checking the published specifications. The firm quotes RAW-style spreads from 0.0 pips, with a $5 per lot commission on most instruments, $2 per lot on Day Trader US stocks, and commission-free crypto trading. The deduction: some competitors offer lower round-turn commissions, which matters most for high-frequency strategies.
Financial Markets & Leverage
You can trade forex, indices, commodities, and cryptocurrency across all challenges. US Stocks are available for the Day Trader challenge. Leverage depends on the model you choose.
The One Phase and Two Phase accounts use the highest leverage, with forex capped at 1:100. Day Trader applies tighter caps across every asset class, reflecting the short-session, fixed-balance format.
Forex
Majors, minors, exotics
Indices
US30, NAS100, SPX500, UK100, GER40
Commodities
Metals & energies
Crypto
Cryptocurrency CFDs
US Stocks
Day Trader only
Leverage by Challenge Type
| Asset Class | One Phase | Two Phase | Day Trader |
|---|---|---|---|
| Forex | 1:100 | 1:100 | 1:30 |
| Indices | 1:30 | 1:30 | 1:10 |
| Commodities | 1:20 | 1:20 | 1:10 |
| Crypto | 1:3 | 1:3 | 1:2 |
| US Stocks | N/A | N/A | 1:5 |
US Stocks - Day Trader Only
US Stocks are available for the Day Trader challenge with 1:5 leverage. They are not currently available on One Phase or Two Phase challenges. Day Trader US Stocks carry a $2 per lot commission charged at both open and close.
Instrument coverage verified against the official Eightcap Challenges Trading Instrument List (August 2026 edition).
How We Scored Markets & Leverage (8.5/10)
We scored markets and leverage 8.5/10. Standard One Phase and Two Phase challenges access the platform's full symbol range, which the firm's platform comparison puts at 200+ symbols. The Day Trader format uses a fixed published list: 20 forex pairs, 7 indices, 6 commodities, 10 crypto pairs, and 15 US stocks. Leverage is 1:100. Deductions: US stocks are Day Trader only, and there are no futures or ETFs on any product.
Trading Platforms
Eightcap Challenges runs on MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradeLocker and TradingView. MT4, MT5 and TradeLocker are available across all challenge types. TradingView is available on One Phase and Two Phase only - not on the Day Trader challenge.
| Platform | One Phase | Two Phase | Day Trader | Timeframes | Indicators | Symbols | Free EA Eligibility | U.S. Traders |
|---|---|---|---|---|---|---|---|---|
| MT4 | ✔ | ✔ | ✔ | 9 | 30 | 200+ | ✘ | ✘ |
| MT5 | ✔ | ✔ | ✔ | 21 | 38 | 200+ | Free OneClick Trader EA on $50K/$100K/$200K One Phase / Two Phase MT5 accounts (1 month) | ✘ |
| TradeLocker | ✔ | ✔ | ✔ | 17 | 100+ | 200+ | ✘ | ✔ |
| TradingView | ✔ | ✔ | ✘ | 18 + custom | 400+ | 200+ | ✘ | ✔ |
MetaTrader 4
Available for all challenge types
Supports the full set of Expert Advisors (EAs), custom indicators and MQL4 scripts. A strong fit if your strategy relies on automation, backtesting or rule-based execution.
MetaTrader 5
Available for all challenge types
Offers a more modern layout, faster charting, and supports automated trading through MQL5 Expert Advisors and scripts. Extra timeframes, depth-of-market window and broader indicator list.
TradeLocker
Available for all challenge types
The interface is lightweight and responsive, particularly suitable for time-boxed Day Trader sessions.
TradingView
One Phase and Two Phase only - not available on Day Trader
Native TradingView execution with 18 standard timeframes plus custom intervals and a 400+ indicator library. Best paired with discretionary trading on multi-timeframe setups.
U.S. Resident Restriction
U.S. residents are restricted from purchasing challenges on MT4 and MT5. TradeLocker and TradingView remain available to U.S. traders, subject to other eligibility rules.
Free OneClick Trader EA
A free OneClick Trader EA is included on $50K, $100K, and $200K One Phase or Two Phase MT5 accounts, free for one month. Day Trader and TradeLocker / TradingView accounts are not eligible.
Platform Switching
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 Scored Trading Platforms (9/10)
We scored trading platforms 9/10 after checking the published platform comparison. MT4 and MT5 are available with full EA and MQL automation, alongside TradeLocker and TradingView with 400+ indicators on One Phase and Two Phase. Deductions: TradingView is excluded from Day Trader sessions, and US residents cannot use MT4 or MT5.
Payments & Profit Payout
Eightcap Challenges processes profit payouts once you qualify, with eligibility to request a payout starting after 14 days in payout stage (or 7 days with the Earlier Payout add-on) for One Phase and Two Phase accounts, subject to minimum trading day requirements.
The standard profit split is 80%, upgradeable to 90% with the paid add-on on One Phase and Two Phase challenges only.
Base Profit Split
80%
With Add-On
90%
First Payout After
14 days (7 w/ add-on)
Processing Time
24-48 hours after approval
Profit Caps
One Phase Profit Cap
5% of the initial balance - applies to all approved payouts.
Two Phase Profit Cap
10% of the initial balance - applies to all approved payouts. Accounts created before February 11 are not subject to a profit cap for the Two Phase challenge.
Day Trader
No traditional profit cap - the model uses a 40% Symbol Limit and 60% Asset Class Limit on profit allocation instead.
Payout Stage Requirements
Minimum Trading Days
One Phase payout stage requires 7 minimum trading days. Two Phase payout stage requires 5 minimum trading days. A trade must remain open at least 60 seconds to count as a trading day.
Daily Profit Distribution
Payout-phase daily profit distribution rules apply. For accounts created on or after Feb 11: One Phase 30%, Two Phase 35%. For older accounts: One Phase 25%, Two Phase 30%.
One Phase & Two Phase Payouts
Payouts can be requested once payout-stage requirements are met and KYC verification is completed if required. The minimum payout amount is $100 after the profit split. If the post-split amount is under $100, the payout request is declined and the amount remains in the account.
Payouts are typically processed within 24-48 hours after approval and only on business days. Only fully earned profit can be withdrawn - partial payouts are not supported.
Trading is paused while a payout request is under review, and resumes once the payout is finalised.
Day Trader Payouts
Day Trader payouts are calculated as Stake x Multiplier on a successful session, and processing follows the standard 24-48 hour window after approval. Eligibility starts immediately after a successful session with no 14-day wait.
Day Trader payouts can be lower than $100 when paid via crypto, since the minimum $100 floor applies to One Phase and Two Phase only.
Payment Methods & Fees
Bank Transfer
Available for withdrawals of $100+. Flat $50 fee per bank wire withdrawal.
Cryptocurrency
USDT (TRC20 or ERC20) and BTC supported. 1% fee on crypto withdrawals. Day Trader supports sub-$100 crypto payouts; One Phase / Two Phase keep a $100 minimum.
Important Payout Notes
Payouts are processed on business days only - weekend and holiday requests roll to the next business day. Only fully earned profit can be withdrawn; partial payouts are not supported. Trading is paused while a payout request is under review.
Per the published FAQ, after each withdrawal the account balance resets to its original virtual capital amount, so profits do not compound between payout cycles. This means each payout cycle starts from the same baseline rather than building on prior withdrawn profits.
Day Trader sessions pay 100% of the reward. Payouts can be requested immediately on successful completion, rather than on the standard 14-day challenge cycle.
Payout terms verified against the published rules on challenges.eightcap.com, August 2026.
How We Scored the Payout System (9/10)
We scored the payout system 9/10. Standard challenges offer a 14-day first payout with a $100 minimum, KYC verification, and 24-48 hour processing after approval. Day Trader sessions pay 100% of the reward on completion. Deductions: payout caps per cycle are 5% of initial balance on One Phase and 10% on Two Phase, payout fees include 1% crypto and $50 bank wire, and no partial payouts are offered.
Customer Service & Education
Eightcap Challenges provides reliable support for its challenge accounts, with 24/5 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 - the areas where most prop traders need a quick response.
Support Channels
Live Chat
Real human agents, not bots. Available 24/5 with fast response times during volatile sessions.
Email Support
24/5 email assistance with consistently clear answers on KYC, payouts and account rules.
Educational Resources
The education offering is stronger than what most prop firms provide, since you also get access to Eightcap's ecosystem of research tools.
Trade Zone
Weekly market insights, session previews and technical breakdowns covering the same instruments and trading conditions you'll see on challenge accounts.
Eightcap Labs
More structured guides on trading concepts, risk management ideas and strategy building. Designed for retail clients but translates well to challenge trading.
Support & Education
Support runs 24/5 by live chat and email according to the firm's own site, not 24/7. Educational content comes from the broker's Trade Zone and Eightcap Labs resources, which are market-focused rather than challenge-specific. This means traders get market education from the brokerage side, but not a dedicated challenge academy.
Trust & Community
The challenge website is operated by Eightcap International Ltd in Seychelles, and the challenge products are explicitly outside regulated brokerage or investment services. While the environment is designed to mirror live conditions, all activities are simulated and do not create a brokerage client relationship.
The Eightcap group has been operating since 2009 and holds multiple regulatory licences for its brokerage services, which provides a trust foundation for the challenge products.
2009
Founded
SC
Challenge Entity
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Trustpilot
3,902
Trustpilot Reviews
Eightcap Group Regulatory Status
The Eightcap brokerage group holds licences from top-tier financial authorities. Note that these licences apply to the brokerage services, not to the challenge products operated by Eightcap International Ltd in Seychelles:
ASIC
Australia
FCA
United Kingdom
CySEC
Cyprus
SCB
Bahamas
Simulated Environment
All challenge activities are simulated and do not create a brokerage client relationship. The challenge products are operated by Eightcap International Ltd in Seychelles and are explicitly outside regulated brokerage or investment services. Challenge accounts do not carry investor protections like traditional CFD trading accounts.
Transparency
Eightcap Challenges 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 help you understand exactly what you can trade before starting a challenge. The combination of the Eightcap group's long operating history and public rule documentation makes the overall setup more predictable than many independent prop firms.
Trustpilot does not currently display a TrustScore for the profile, which shows 3,894 reviews with a 71 percent five-star share. The profile belongs to the parent brokerage Eightcap (trading since 2009), not the challenge product, and it previously displayed a 4.1 rating. For that reason, our trust assessment also weighs the group's regulatory licences and operating history alongside this review profile.
How We Scored Trust & Transparency (9.5/10)
We scored trust and transparency 9.5/10. The Eightcap brokerage group holds ASIC, FCA, CySEC and SCB licences and has traded since 2009. Rules, payout terms and instrument lists are published openly. Trustpilot does not currently display a TrustScore for the profile, which shows 3,894 reviews with a 71 percent five-star share. The challenge entity is Eightcap International Ltd in Seychelles, outside regulated brokerage services. Deduction: simulated challenge accounts carry no investor protections.
Overall Score for Eightcap Challenges
Eightcap Challenges is worth using for traders who want a broker-operated challenge firm with flexible formats, and we rank it 93/100, third on our list of the top prop trading firms. The strongest evidence is the Eightcap group's operating history since 2009 with ASIC and FCA licences on the brokerage side, three challenge formats including hour-long Day Trader sessions from $5, fees from $59, 80% base profit splits rising to 90% with a checkout add-on, Day Trader payouts at 100%, and MT4, MT5, TradeLocker and TradingView access. Standard challenges offer a 14-day first payout. The caveat is that the challenge products themselves are operated by Eightcap International Ltd in Seychelles as simulated accounts outside the group's regulated brokerage services.
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Where Eightcap Challenges Ranks Across Our Guides
Every ranked guide on this site assigns a fit score out of 100, tailored to that page’s specific angle - whether that’s a country’s payment rails or a single product line such as instant funding. The site-wide overall score rates the whole firm, while the fit score reflects suitability for that one use case, so the two numbers can differ. The cards below show where the firm currently places on each guide it appears in, and every card links to the full ranking.
- Best Forex Prop Firms - ranked #2 with a fit score of 91/100
- Best Prop Firms in the UK - ranked #2 with a fit score of 90/100
- Best Stocks Prop Firms - ranked #3 with a fit score of 85/100
- Best Crypto Prop Firms - ranked #5 with a fit score of 88/100
- Best Prop Firms in India - ranked #6 with a fit score of 89/100
- Best Prop Firms in Canada - ranked #7 with a fit score of 87/100
- Best Funded Account Programs - ranked #9 with a fit score of 88/100
Frequently Asked Questions
Data Sources
- https://www.eightcap.com/en/trading/prop-trading/
Last reviewed 2026-09-14 · Data verified 2026-09-14