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Eightcap Challenges: Review, Pros & Cons and Discount Code
What you need to know about Eightcap Challenges
Eightcap Challenges is the proprietary trading offering from Eightcap, using the broker's established trading infrastructure to offer simulated trading challenges, including a Payout Stage.
The firm offers One Phase and Two Phase CFD evaluations across forex, indices, commodities and crypto through MT4, MT5, TradingView and TradeLocker.
The standard profit split is 80%, with an optional add-on increasing this to 90%, while a scaling plan gives successful traders the opportunity to increase their account allocation over time.
Alongside its standard evaluations, Eightcap also offers shorter Day Trader Challenges, giving traders an alternative route built around shorter trading sessions.
Use PROPINDER20 for 20% off an Eightcap Challenges challenge.
Why Eightcap Challenges stands out
Traders can trade around news during the One Phase and Two Phase evaluations, giving them more freedom around scheduled market events. Eightcap Challenges also keeps its maximum-loss limit tied to the starting account balance, so it doesn't trail upwards as the account grows.
How to claim your Eightcap Challenges discount
Enter PROPINDER20 at checkout to receive 20% off an Eightcap Challenges challenge.
Maximum-loss limits are tied to the starting account balance, rather than trailing upwards with account performance.
One Phase, Two Phase and Day Trader Challenges give traders a choice of evaluation formats.
News trading is allowed during the One Phase and Two Phase evaluations, giving traders more flexibility around scheduled market events.
A scaling plan gives successful traders the opportunity to increase their account allocation over time.
What traders ask
Does Eightcap Challenges have a Propinder discount code?
Yes. Use PROPINDER20 for 20% off an Eightcap Challenges challenge.
What is the Eightcap Day Trader Challenge?
Eightcap's Day Trader Challenge is aimed at traders who prefer shorter trading sessions. Rather than going through a One Phase or Two Phase evaluation, traders take on a time-limited challenge with the opportunity to earn a payout if they meet the required conditions.
Is Eightcap Challenges legitimate?
Yes. Eightcap Challenges is the proprietary trading offering from Eightcap, an established CFD broker with regulated entities in several jurisdictions. The challenges take place in a simulated trading environment, rather than through a conventional live brokerage account.
How do payouts work with Eightcap Challenges?
For One Phase and Two Phase accounts, there is a waiting period before you can withdraw profits, although earlier payout options are available. Day Trader Challenges follow a different setup, where successful traders can receive a payout after completing the challenge.
Can you trade news with Eightcap Challenges?
Yes, during the One Phase and Two Phase evaluations. Restrictions apply around high-impact news events once traders reach the Payout Stage, so positions should be managed in line with Eightcap's news-trading rules.
Trade with Eightcap Challenges
20% off any account, every time. A permanent benefit for all users, with no expiry.
Authors
Ciceron Valle
Ciceron Valle is a trading technologist with a decade in fintech who reviews futures and CFD prop firms for Propinder. He previously managed prop firm partnerships and platform onboarding at Swiset, a white-label technology provider for prop firms.
Louise Carr
Louise Carr is an experienced Futures and Forex trader/analyst with over 15 years in the financial markets. Her career began in 2009 after transitioning from a successful role in financial services.