Eightcap Challenges Review
VerifiedEst. 2009 · AU · Established brokerage with global presence since 2009
Our Final Verdict On Eightcap Challenges
Eightcap Challenges earns a solid overall score of 89/100. The challenge website is operated by Eightcap International Ltd in Seychelles, and while the environment is designed to mirror live conditions, all activities are simulated and do not create a brokerage client relationship.
Challenge Types
1-step, 2-step, other
Profit Split
80%
Challenge Fees
Starting from $5
Trading Platforms
MT4, MT5, TradeLocker
Independent Review
Our Rating
Challenges
Spreads
Markets
Payouts
Platforms
Trust
Pros
- RAW spreads from 0.0 pips with $5/lot commission
- MT4, MT5, and TradeLocker platform access
- Unique Day Trader challenge format (1-8 hour sessions)
- Three distinct challenge types for different trading styles
- Clear, transparent rules across all account types
- Account sizes from $5,000 to $200,000
Cons
- No traditional scaling plan available
- 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
- Higher fees on larger account sizes
- 14-day wait before first payout on standard challenges
Best For
Serious forex traders who want broker-level infrastructure, consistent pricing with multiple challenge formats including unique short-session Day Trader challenges
Not Ideal For
Traders wanting traditional scaling plans, unlimited profit withdrawal on standard challenges from day one, or those needing instant payouts on standard accounts
Our Take on Eightcap Challenges
With an overall score of 89/100, Eightcap Challenges is one of the highest-scoring prop firms we've reviewed. The challenge website is operated by Eightcap International Ltd in Seychelles, and while the environment is designed to mirror live conditions, all activities are simulated and do not create a brokerage client relationship.
The Day Trader, One Phase and Two Phase challenges cover both structured multi-day evaluations and fast timed sessions, with RAW account spreads starting from 0.0 pips or points and a $5 per lot commission on all instruments except Cryptocurrency ($0). Both One Phase and Two Phase challenges range from $5,000 to $200,000, with the standard profit split at 80% (up to 90% only with the paid add-on). We think this will suit serious forex traders who want a trading environment that feels familiar and efficient.
Key Facts
| Evaluation Types | 1-step, 2-step, other |
| Max Payout Split | 80% |
| Payout Schedule | 14-day cycle |
| First Payout | After 14 days |
| Daily Drawdown | 5% |
| Max Drawdown | 10% |
| Platforms | MT4, MT5, TradeLocker |
| News Trading | Not Allowed |
| Weekend Holding | Allowed |
| Copy Trading | Not Allowed |
| Expert Advisors (EAs) | Allowed |
 Trustpilot | 4/5 (5,000 reviews) |
Consistency Rule
Single instrument profit cap of 75% on Day Trader. 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.
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 are much cheaper, with entry costs from $5 to $500, but all run on a fixed $10,000 balance.
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) or 90% profit split (standard is 80%)
Two Phase Challenge
Account sizes from $5,000 to $200,000 with a 10% Phase 1 and 8% Phase 2 target, 5% daily and 10% total drawdown. Minimum 3 trading days per step.
Add-on options: Earlier payout (7 days) or 90% profit split (standard is 80%)
Day Trader Challenge (1–8 Hours)
Fixed $10,000 balance with stakes from $5 to $500. Choose a 1, 2, 4 or 8-hour session and a 2x, 5x or 10x payout multiplier. A successful stake is multiplied and paid instantly.
No add-ons available — payouts are instant based on multiplier
Challenge Comparison
| Feature | One Phase | Two Phase | Day Trader (1–8 Hr) |
|---|---|---|---|
| Account Size Range | $5,000 – $200,000 | $5,000 – $200,000 | Fixed $10,000 |
| Fee Range | $69 – $1,299 | $59 – $1,199 | $5 – $500 |
| Evaluation Process | One Phase | Two Phase | 1, 2, 4 or 8-hour |
| Profit Target | 10% | 10% / 8% | Varies by multiplier |
| Max Daily Loss | 4% | 5% | Fixed dollar drawdown |
| Max Total Loss | 8% | 10% | Fixed dollar limit |
| Min Trading Days | 5 | 3 per step | N/A |
| Profit Split | 80% (90% with add-on) | 80% (90% with add-on) | 2x, 5x or 10x multiplier |
| Max Leverage (Forex) | 1:100 | 1:100 | — |
| Platforms | MT4, MT5, TradeLocker | MT4, MT5, TradeLocker | MT5, MT4, TradeLocker |
1 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 |
2 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, and the evaluation is split into a 10% target in Phase 1 and an 8% target in Phase 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 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
10%
Phase 2 Target
8%
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%) | Phase 1 Target (10%) | Phase 2 Target (8%) |
|---|---|---|---|---|---|
| $5,000 | $59 | $250 | $500 | $500 | $400 |
| $10,000 | $99 | $500 | $1,000 | $1,000 | $800 |
| $25,000 | $219 | $1,250 | $2,500 | $2,500 | $2,000 |
| $50,000 | $389 | $2,500 | $5,000 | $5,000 | $4,000 |
| $100,000 | $599 | $5,000 | $10,000 | $10,000 | $8,000 |
| $200,000 | $1,199 | $10,000 | $20,000 | $20,000 | $16,000 |
3 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 balance, and you choose a stake between $5 and $500 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 there's a single instrument profit cap of 75% of the target to stop the challenge from turning into a single lucky entry. Day Trader challenges can be traded on MT5, MT4, or TradeLocker.
Starting Balance
$10,000
Stake Range
$5 – $500
Multipliers
2x, 5x, 10x
Platforms
MT5, MT4, TradeLocker
Payout
Instant on success
Best Suited For
Traders who prefer short, focused sessions with immediate results rather than a multi-day or multi-week grind. Great for testing timing and risk control under pressure.
| Challenge | Session Length | Starting Balance | Stake Range | Payout Multipliers |
|---|---|---|---|---|
| DT-1 | 1 hour | $10,000 | $5 – $500 | 2x, 5x, 10x |
| DT-2 | 2 hours | $10,000 | $5 – $500 | 2x, 5x, 10x |
| DT-4 | 4 hours | $10,000 | $5 – $500 | 2x, 5x, 10x |
| DT-8 | 8 hours | $10,000 | $5 – $500 | 2x, 5x, 10x |
Add-Ons (One Phase & Two Phase Only)
Eightcap Challenges offers two 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 instantly once the session finishes. The standard profit split is 80% — the 90% split is only available with the paid add-on.
| Add-On | Benefit | Extra Cost |
|---|---|---|
| Earlier Payout | First payout wait reduced from 14 to 7 days | +20% of challenge fee |
| Higher Profit Split | Profit split increased from 80% to 90% | +20% of challenge fee |
Scaling Plan
Eightcap Challenges 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 Phase and Two Phase 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.
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
Trading during major news events is restricted. You cannot place trades 10 minutes before or after high-impact events. If breached, it is treated as 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
Traders can open up to 10 simultaneous trades at once. Symbol exposure limits: Forex 100 lots, Metals 50 lots (Silver 10 lots), Oil 50 lots, Indices 25 lots (except JPN225), 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.
IP Address Restriction
Traders must access their account from the same IP address. Multiple IPs or locations may lead to restrictions or suspension.
How We Tested Eightcap Challenges' Challenges (9/10)
We scored Eightcap Challenges' challenges by mapping their trading rules against our framework for targets, drawdown, costs and flexibility, then running test accounts in the Two Phase challenge. We checked that the 10% and 8% targets, 4-5% daily drawdown and 8-10% max loss sat inside our preferred bands. The extra point came from the short-session Day Trader 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.
Commission Fees & Pricing
Eightcap Challenges runs RAW account pricing across all challenge accounts, with spreads starting from 0.0 pips or points and a $5 per lot commission for all instruments except Cryptocurrency ($0).
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 |
| Indices | RAW from 0.0 points | $5 per lot |
| Commodities | RAW from 0.0 points | $5 per lot |
| Cryptocurrency | Variable | $0 (No commission) |
How We Tested Eightcap Challenges' Spreads & Fees (9/10)
We evaluated Eightcap Challenges' spreads by connecting a test account during active London and New York sessions. The RAW account spreads start from 0.0 pips or points and the $5 per lot commission aligned with the flat-fee model we use in scoring. Crypto at $0 commission is a strong point. The 1-point deduction reflects the fact that some competitors offer lower round-turn commissions, which is our ideal benchmark for perfect scoring.
Financial Markets & Leverage
You can trade forex, indices, commodities, and cryptocurrency across all challenges. Leverage depends on the model you choose.
The One Phase and Two Phase accounts use the highest leverage, with forex capped at 1:100. The official leverage FAQ confirms leverage for One Phase and Two Phase only.
Forex
Majors, minors, exotics
Indices
US30, NAS100, SPX500, UK100, GER40
Commodities
Metals & energies
Crypto
Cryptocurrency CFDs
Leverage (One Phase & Two Phase)
| Asset Class | One Phase | Two Phase |
|---|---|---|
| Forex | 1:100 | 1:100 |
| Indices | 1:30 | 1:30 |
| Commodities | 1:20 | 1:20 |
| Crypto | 1:3 | 1:3 |
Stock Trading
The official FAQ states that stock trading is not currently available on the platform.
How We Tested Eightcap Challenges' Markets & Leverage (8.5/10)
We tested Eightcap Challenges' market depth by trading across different asset classes on their Two Phase challenge account, comparing instrument availability to our broad market requirement. Eightcap Challenges provides solid access to core instruments (forex, indices, commodities and crypto), but lost points due to stock trading not currently being available and no futures trading.
Trading Platforms
Eightcap Challenges runs on MetaTrader 4 (MT4), MetaTrader 5 (MT5) and TradeLocker. All three platforms are available across all challenge types, including the Day Trader challenge.
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.
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 Tested Eightcap Challenges' Trading Platforms (9/10)
We scored Eightcap Challenges' platforms by running both automated and manual trades on MT5 during a Two Phase challenge, and then completing a timed session on TradeLocker. Eightcap Challenges scored strongly because MT4/MT5 provide full EA and MQL automation support, and TradeLocker delivered clean manual execution. The missing point came from the absence of TradingView and cTrader, which are part of our benchmark for a perfect platform score.
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
2 business days
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.
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 2 business days 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 work differently — a successful stake is multiplied and paid instantly. You become eligible immediately after a successful session with no waiting period.
The minimum withdrawal is $10 when using crypto.
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. Minimum $10 for Day Trader, $100 for standard challenges.
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.
How We Tested Eightcap Challenges' Payout System (8/10)
We tested payouts by completing a Two Phase challenge and submitting a withdrawal request. We verified the 14-day first-payout rule, the $100 minimum, the KYC verification step, and the expected 2 business day processing window. Eightcap Challenges landed at 8/10 because of the profit caps (5% One Phase, 10% Two Phase), payout fees (1% crypto, $50 bank wire), and no partial payouts.
Customer Service & Education
Eightcap Challenges 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 — the areas where most prop traders need a quick response.
Support Channels
Live Chat
Real human agents, not bots. Available 24/7 with fast response times during volatile sessions.
Email Support
24/7 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.
How We Tested Eightcap Challenges' Support & Education (9/10)
We tested Eightcap Challenges' 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. For educational resources, we reviewed Trade Zone and Eightcap Labs for market insights and practical guidance. We deducted one point because the material isn't challenge-specific.
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
4.0/5
Trustpilot
5,000+
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.
4.0/5
TrustScore
Based on thousands of reviews on Trustpilot. Feedback generally reflects solid customer service, efficient withdrawals and minimal slippage.
How We Tested Eightcap Challenges' Trust & Transparency (9/10)
We assessed trust using our three-pillar model: regulation, reputation, and operational transparency. We verified the Eightcap group's licences (ASIC, FCA, CySEC, SCB), checked the 4.0/5 Trustpilot score, and noted that challenge products are operated by Eightcap International Ltd in Seychelles outside of regulated brokerage services. The deduction came from the simulated trading environment nature of challenge accounts, which do not carry investor protections.
Our Final Verdict On Eightcap Challenges
Eightcap Challenges earns a solid overall score of 89/100. The challenge website is operated by Eightcap International Ltd in Seychelles, and while the environment is designed to mirror live conditions, all activities are simulated and do not create a brokerage client relationship.
The challenge formats are balanced and achievable. The Day Trader model offers a genuinely alternative way to prop trade, and MT4, MT5 and TradeLocker support gives you access to a proper technical environment. Costs are competitive starting from $59, RAW spreads start from 0.0 pips, and the trading rules are clear and transparent.
The main limitations are the profit caps on payouts (5% for One Phase, 10% for Two Phase), no traditional scaling plan, and the 14-day wait before the first payout on standard challenges. The overall package feels more stable and predictable than many independent prop firms because everything is built on top of Eightcap's infrastructure.
Frequently Asked Questions
Data Sources
- https://www.eightcap.com/en/trading/prop-trading/
Last reviewed 2026-03-10 · Data verified 2026-03-10