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Eightcap Challenges Review

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Est. 2009 · SC · Established brokerage with global presence since 2009

93/100 MT4 MT4 MT5 MT5 TradeLocker TradeLocker TradingView TradingView Broker-OperatedThree Challenge TypesMT4/MT5/TradeLocker/TradingViewDay Trader

Our Final Verdict On Eightcap Challenges

Eightcap Challenges earns a solid overall score of 93/100. 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.

93 Excellent

BPF Score

Trustpilot Trustpilot: 4.1/5 ★ (3,700)

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Challenge Types

1-step, 2-step, other

Trading Platforms

MT4 MT4, MT5 MT5, TradeLocker TradeLocker

Profit Split

80%

Challenge Fees

Starting from $5

4.7 /5

Excellent

Based on 93/100 BPF Score

Challenges

9 /10

Fees

9 /10

Markets

8.5 /10

Payouts

9 /10

Platforms

9 /10

Trust

9.5 /10
How is our rating calculated?

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

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

Our Take on Eightcap Challenges

With an overall score of 93/100, 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. RAW account spreads start from 0.0 pips or points, with asset-specific commission: $5 per lot on most instruments at opening, $2 per lot on US Stocks at open and close (Day Trader only), and $0 on Cryptocurrency. Both One Phase and Two Phase challenges range from $5,000 to $200,000. Standard profit split is 80% with up to 90% via the paid add-on. Day Trader payout is simply Stake x Multiplier on a successful session. We think this will suit serious forex traders who want a trading environment that feels familiar and efficient, plus traders looking for short-session US Stocks access.

Challenge Fees

Account Size Model Label Fee
$5,000 one-phase One Phase $69
$5,000 two-phase Two Phase $59
$10,000 one-phase One Phase $119
$10,000 two-phase Two Phase $99
$10,000 day-trader Day Trader (min stake) $5
$10,000 day-trader Day Trader (max stake) $500
$25,000 one-phase One Phase $259
$25,000 two-phase Two Phase $219
$50,000 one-phase One Phase $429
$50,000 two-phase Two Phase $389
$100,000 one-phase One Phase $659
$100,000 two-phase Two Phase $599
$200,000 one-phase One Phase $1299
$200,000 two-phase Two Phase $1199

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 MT4, MT5 MT5, TradeLocker TradeLocker, TradingView TradingView
News Trading Not Allowed
Weekend Holding Allowed
Expert Advisors (EAs) Allowed
TrustpilotTrustpilot 4.1/5 (3,700 reviews)

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.

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Location Availability

Available
Restricted

Challenge Accounts

custom

Commission Fees & Pricing

custom

Financial Markets & Leverage

custom

Trading Platforms

custom

Payments & Profit Payout

custom

Customer Service & Education

custom

Trust & Community

custom

Overall Score for Eightcap Challenges

Eightcap Challenges earns a solid overall score of 93/100. 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 with stakes from $5 to $500 in $5 increments and a 40% Symbol / 60% Asset Class profit allocation rule. MT4, MT5, TradeLocker and TradingView support gives you access to a proper technical environment - though TradingView is not available on Day Trader and U.S. residents are restricted from MT4/MT5. Costs are competitive starting from $59, RAW spreads start from 0.0 pips, and commission is asset-specific.

The main limitations are the profit caps on payouts (5% for One Phase, 10% for Two Phase), the 14-day wait before the first payout on standard challenges, and the U.S. platform restrictions. The overall package feels more stable and predictable than many independent prop firms because everything is built on top of Eightcap's infrastructure, with a structured scaling plan up to $1 million backing it up.

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Frequently Asked Questions

Eightcap Challenges offers three challenge types: One Phase, Two Phase, and Day Trader. One Phase and Two Phase accounts range from $5,000 to $200,000, while Day Trader uses a fixed $10,000 simulated balance with stakes from $5 to $500 in $5 increments. The challenges are traded in a simulated environment, and current platform options include MT4, MT5, TradeLocker, and TradingView, subject to platform and location restrictions.
Eightcap Challenges payouts are typically processed within 24-48 hours after approval. For One Phase and Two Phase accounts, the first payout is available after 14 days, or 7 days with the Earlier Payout add-on, subject to meeting payout requirements. A 3-Day Payout add-on is also available. The minimum payout is $100 for standard challenges. Day Trader payouts can be lower when using crypto, with crypto-only payouts available below $100.
Eightcap Challenges applies profit caps on One Phase and Two Phase accounts. The One Phase profit cap is 5% of the initial balance for approved payouts, while the Two Phase profit cap is 10% of the initial balance for approved payouts. Accounts created before February 11 are not subject to the Two Phase profit cap. For Day Trader, the key payout restriction is different: it uses a 40% Symbol Limit and 60% Asset Class Limit.
The Eightcap Day Trader Challenge uses a dynamic staking model. You choose a stake between $5 and $500 in $5 increments, and the total potential payout is always Stake x Multiplier, where the multiplier is 2x, 5x or 10x. The drawdown and profit target are fixed dollar amounts tied to the static $10,000 balance and only change based on the time limit (1, 2, 4 or 8 hours) and multiplier you select.
For the 1HR Day Trader Challenge, the drawdown and profit target are fixed dollar values regardless of stake size. At 2x they are $28 / $56; at 5x they are $20 / $69; at 10x they are $17 / $99. Only the total payout scales with stake (Stake x Multiplier) - so a $100 stake at 10x still uses a $17 drawdown and a $99 profit target, paying out $1,000 on success.
All Eightcap Day Trader accounts enforce a strict 40% Symbol Limit and a 60% Asset Class Limit for profit allocation, regardless of the time limit or stake you choose. There is no single-instrument 75% cap on Day Trader - that figure is outdated.
No, Eightcap Challenges does not offer a demo version of its prop challenges. The challenge environment uses simulated conditions, 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.

Data Sources

  • https://www.eightcap.com/en/trading/prop-trading/

Last reviewed 2026-05-19 · Data verified 2026-05-19