If you exceed either one of these limits, your account will be closed and you will need to re-qualify and pay a reset fee. Reset fees are 80% of the original cost to get funded. For example, the reset fee for a $25,000 account is $200.
Funding Program FAQ
Become qualified and get funded for $25,000 to start, and begin earning 75% of the profits you make. Additional funding amounts up to $500,000 are available with different packages.
When you make 10% on the equivalent size demo account.
Forex, CFDs on stocks, indices, and commodities.
All accounts are opened with EightCap on the MT4 or MT5 platforms.
No, there are not any ongoing fees.
Yes, absolutely. The EightCap MetaTrader4/5 has an app for both the iOS and Android platforms and can be found in your App Store or Google Play Store, respectively. EightCap MT4/5 also has a high-definition app for tablets.
Some programs out there do this – we certainly don’t. The only thing we ask is, if you’re going to be inactive for more than 30 days consecutively, do get in touch to let us know so we can organize something. Otherwise, we will close the account and you will have to start again beyond 30 consecutive days of inactivity.
Yes, absolutely to holding overnight (just be mindful of gaps, swaps, and commissions). However, holding over the weekend is super risky. For this reason, we do require that you flatten your positions each weekend.
We focus on the three areas which are essential to finding success and consistency in the markets – education, application (this is the experience part, or applying theory to the real work), and trader funding.
6% max drawdown.
5% max drawdown.
Absolutely not. As we are a privately owned and operated fund, if you are over 18 years of age, you are able to participate. Your country of origin or country of residence does not matter whatsoever. Please be advised, you are responsible for knowing/understanding the laws and regulations around leveraged markets trading specifically to your local jurisdiction.
Yes, you must put the stop loss in as soon as you take the trade. This is required. It is considered a soft breach if you do not and your position will be closed.
Forex, Metals, Oils, and Indices (1:10); Cryptocurrencies (1:2); CFD/Stocks (1:5)
1 lot in Forex = 100,000 units; 1 lot in Crypto = 1 coin; 1 lot in Indices = 10 units; 1 lot in Stocks = 100 shares (CFD); 1 lot in Commodities = 100 units