COMPANY PROFILE
Firm Overview
Independent trader reviews, ratings and payout experiences for Eightcap Challenges.
Broker:Eightcap, Australia - established 2009; the Challenges product launched later. A Simulated Trading Experience run on the broker's own infrastructure
Platform:
TradeLocker Payment Methods:CDCredit/Debit Card
Payout Methods:Not yet verified
Instruments and Assets
Type of InstrumentsForex / CFD
AssetsForexCryptoCommoditiesIndices
Maximum Allocation$200K
Leverage
LeverageProgramme-specific.
One PhaseTarget 10%. Daily drawdown 4%, maximum drawdown 8%, minimum 5 trading days.
Two PhaseOn newer accounts - Phase 1 target 9%, Phase 2 target 5%. Daily drawdown 5%, maximum drawdown 10%, minimum 3 then 5 trading days.
Day Trader1-hour, 2-hour, 4-hour and 8-hour challenges, with account sizes up to $200K.
Consistency Rules
PROFIT ALLOCATION carries a Symbol Limit and an Asset Class Limit: profit made on a single symbol or asset class can be CAPPED when working out whether the target has been reached.That means a target hit almost entirely on one pair may not count as passed.
Australia