Eightcap

Eightcap Challenges is the prop trading program of the broker Eightcap, launched in November 2025 and run on the broker's own infrastructure rather than through a third-party broker. It sells three products: a One Phase (1-step) challenge, a Two Phase (2-step) challenge, and Day Trader Challenges, where a trader stakes $5 to $500 on a simulated $10,000 account for 1 to 8 hours and, on success, is paid the stake times a chosen multiplier of up to 10x. The evaluations come in sizes from $5,000 to $200,000, pay an 80% profit split that an add-on raises to 90%, allow up to $600,000 in combined accounts, and trade on MT4, MT5, TradingView or TradeLocker.

The One Phase challenge asks for a 10% profit target within a 4% daily and 8% maximum loss, with 5 minimum trading days, from $69. The Two Phase asks for 9% then 5% within 5% daily and 10% overall, with 3 and then 5 minimum days, from $59. Neither has a time limit. Daily drawdown is based on the previous day's balance and the maximum drawdown on the initial balance. The Eightcap Challenges rules that catch traders out: a daily profit distribution rule in the Payout stage (one day may supply at most 25% of a One Phase payout or 30% on Two Phase, higher for newer accounts), a per-cycle profit cap of 5% of the initial balance on One Phase and 10% on Two Phase, a news trading blackout around high-impact events, and bans on hedging, martingale, grid, latency arbitrage and gap trading. EAs are allowed. Accounts close after 30 days without a trade.

Payouts can be requested after a 14-day waiting period on the Payout stage and are typically processed within 2 business days. The minimum payout is $100 after the split, bank wires carry a $50 fee and crypto payouts 1%, and KYC is required once cumulative payouts pass $1,000. Challenge fees are not refunded. Residents of 21 territories, including Russia, Iran and Ukraine, cannot take part, and US residents cannot buy challenges on MT4 or MT5.