Does Eightcap Offer Funded Accounts?
Yes, Eightcap runs its own funded-trader program called Eightcap Challenges, a broker-owned prop firm. Because it sits on the parent broker’s pricing and execution rather than a rented white-label setup, you’re dealing with one company end to end. That reduces a layer of counterparty risk we usually flag with standalone prop shops.
Written ByChristian Harris
Christian is a seasoned analyst, leveraging his expertise in stocks, forex, and crypto to evaluate brokers worldwide. With hands-on trading experience and a strong focus on risk management, he helps traders find reliable platforms. Christian's work for BrokerListings.com has been cited in the Financial Times.
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Fact Checked ByTobias Robinson
Tobias is committed to helping traders find the right brokerage for their needs. He has tested 200+ brokers, spent 2,600+ hours using different platforms, and placed 2,100+ trades.
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Edited ByJames Barra
James is an experienced broker analyst with a background in financial services. He has spent 2,500+ hours testing brokers, used 35+ different platforms and apps, audited 120+ broker T&Cs, and verified 300+ regulatory licenses.
James Barra Profile PageJuly 17, 2026
How Eightcap Challenges Works
When we tested the sign-up, there were three routes to a payout:
- One Phase – a single accelerated evaluation. Hit the profit target without breaking the drawdown rules, and you move straight to the funded stage.
- Two Phase – the classic model with a Phase 1 target (9%) and a lower Phase 2 target (5%), aimed at steadier traders.
- Day Trader Challenges – a short-session format from as little as $5, lasting one to eight hours, with payouts within 48 hours. This is closer to a fixed-stake contract than a traditional evaluation.
Traditional evaluations offer simulated capital ranging from $5,000 to $200,000, and you can increase your total allocation up to $600,000 across multiple accounts. The standard profit split is 80%, but you can boost it to 90% with a paid add-on. Other add-ons include Insurance, which gives you one free account reset if you fail, and an early-payout upgrade that reduces the waiting period from 14 days to 3 or 7 days.
To help you calculate the financial barrier to entry, here is the complete cost and target matrix for the core evaluation tiers:
Make Full Width| Account Size | 1-Phase Fee | 2-Phase Fee | 1-Phase Profit Target | 2-Phase Profit Target | Max Daily Loss | Max Total Drawdown |
|---|---|---|---|---|---|---|
| $5,000 | $69.00 | $59.00 | 10% | 9% / 5% | 4% (1-P) / 5% (2-P) | 8% (1-P) / 10% (2-P) |
| $10,000 | $119.00 | $99.00 | 10% | 9% / 5% | 4% (1-P) / 5% (2-P) | 8% (1-P) / 10% (2-P) |
| $25,000 | $259.00 | $219.00 | 10% | 9% / 5% | 4% (1-P) / 5% (2-P) | 8% (1-P) / 10% (2-P) |
| $50,000 | $429.00 | $389.00 | 10% | 9% / 5% | 4% (1-P) / 5% (2-P) | 8% (1-P) / 10% (2-P) |
| $100,000 | $659.00 | $599.00 | 10% | 9% / 5% | 4% (1-P) / 5% (2-P) | 8% (1-P) / 10% (2-P) |
| $200,000 | $1,299.00 | $1,199.00 | 10% | 9% / 5% | 4% (1-P) / 5% (2-P) | 8% (1-P) / 10% (2-P) |
There are two important things to consider before joining.
- These are simulated accounts, so you are not trading with your own money at the funded stage. The company pays rewards from its own funds, subject to the rules, and payouts usually take 24 to 48 hours.
- Prop challenges are often not regulated, and most people do not pass. The entry fee is non-refundable. Think of the fee as the cost of trying, not as a deposit you will get back.
Eightcap offers a wide range of platforms for a prop firm: MT4, MT5, TradingView, and TradeLocker. There are also over 200 instruments available, which fit well with the broker’s focus on forex and cryptocurrencies.
How We Started an Eightcap Challenge
We bought a Two Phase evaluation to see how the process runs from checkout to a live trading login. Here’s what we did:
- Picked a challenge type and size. On the Eightcap Challenges site, we chose the Two Phase route and an account size, then reviewed the profit target, daily loss limit, and maximum drawdown shown for that tier before adding it to the cart.
- Reviewed the add-ons at checkout. This is the step to slow down on. Add-ons (the 90% profit-split booster, the early-payout upgrade, and Insurance) can only be attached before you pay, not later. We selected what we wanted and ignored the rest.
- Paid and received the dashboard login. After payment, the confirmation email landed with access to a trader dashboard. The fee was not refundable from this point.
Logged into the dashboard. The dashboard showed our profit target, the rules we had to follow, and a live progress tracker against each objective. This is where you check how close you are to passing or breaching a limit.
Connected to the trading platform. We linked the supplied credentials to TradingView and placed test trades, keeping an eye on the drawdown counter rather than just the profit figure.
Checked the payout mechanics. On the funded stage, you request a withdrawal from the dashboard once you’ve hit the target and the minimum trading days. We confirmed wallet details upfront so a payout wouldn’t stall on missing information.
Choosing our prop trading setup
From our own experience, the rules for news trading and session-gap trades are stricter than they seem at first. Make sure to read the rule sheet on the dashboard before placing any orders.
For both the One Phase and Two Phase challenge types, traders are strictly prohibited from executing trades in the Payout Stage within 10 minutes before or after any high-impact scheduled macroeconomic data release or news event. For Day Trader Challenges, this restricted buffer zone is 5 minutes before and after. Accidental orders placed during these specific windows can cause severe delays or result in the forfeiture of simulated payouts.