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Eightcap Challenges
Crypto SupportedBroker-backed prop firm operated by Eightcap (est. 2015, ASIC/FCA regulated). Funds held by J.P. Morgan. 3 challenges: One Phase, Two Phase, Day Trader (from $5, same-day payouts, 100% split). Up to 90% split, 1:100 leverage, 200+ instruments. MT4/MT5/TradeLocker/TradingView. Scale to $600K. Trustpilot 4.1/5.
Visit WebsiteKey Stats
Max Leverage
1:2+ (crypto)
Max Account
$600,000 aggregate allocation; individual accounts $5,000 - $200,000
Profit Split
80% base, up to 90% with add-ons (100% on Day Trader Challenges)
Payout Speed
Same-day (Day Trader); standard with Earlier Payout / 3-Day Payout add-ons (One/Two Phase)
Crypto Pairs
Multiple
Execution
Simulated (MT4, MT5, TradeLocker, TradingView); broker-backed by Eightcap
Overview
Eightcap Challenges is a proprietary trading product operated by Eightcap, a globally regulated broker founded in Melbourne, Australia, in 2015. The prop trading offering launched in November 2025 and has quickly gained attention for its flexible, low-cost entry model and the institutional credibility of its parent broker. Eightcap holds licenses from top-tier regulators including ASIC (Australia) and the FCA (UK), providing traders with a level of security and oversight rare in the prop trading space.
A standout feature is that trader funds are held securely by J.P. Morgan — the world's #1 bank — with accounts that are segregated, audited, and insured. This institutional backing, combined with Eightcap's multi-jurisdictional regulatory compliance, makes Eightcap Challenges one of the safest and most legitimate prop trading offerings available. The parent broker maintains a Trustpilot score of 4.1/5 from over 3,300 reviews, with an overall DailyForex rating of 4.8/5.
Eightcap Challenges offers three pathways: One Phase (single evaluation, 10% target, from $69), Two Phase (two evaluations, 9%/5% targets, from $59), and the innovative Day Trader Challenges (1-8 hour sessions, from $5, same-day payouts, 100% profit share). Traditional challenges offer up to 90% profit split (80% base with add-ons), no time limits, 1:100 leverage, and 200+ tradable instruments across forex, indices, commodities, and cryptocurrencies.
The firm supports four industry-leading platforms — MetaTrader 5 (MT5), MetaTrader 4 (MT4), TradeLocker, and TradingView — giving traders maximum flexibility. With account sizes from $5,000 to $200,000 and the ability to scale up to a $600,000 aggregate allocation, Eightcap Challenges combines the credibility of a regulated broker with the high rewards of proprietary trading.
Features & Offerings
Three Challenge Pathways
Eightcap Challenges offers three distinct evaluation models to match different trading styles, timeframes, and experience levels.
1. One Phase Challenge
A single-phase evaluation designed to get you trading sooner. Hit one profit target with no time limits.
| Parameter | Details |
|---|---|
| Account Sizes | $5,000 - $200,000 |
| Entry Fee | From $69 |
| Min Trading Days | 5 |
| Max Daily Loss | 4% |
| Max Total Loss | 8% |
| Profit Target | 10% |
| Max Leverage | 1:100 |
| Profit Split | 80% base (up to 90% with add-ons) |
| Time Limit | None |
| Instruments | 200+ |
One Phase Pricing
| Account Size | Price |
|---|---|
| $5,000 | $69 |
| $10,000 | $119 |
| $25,000 | $259 |
| $50,000 | $429 |
| $100,000 | $659 |
| $200,000 | $1,299 |
2. Two Phase Challenge
A two-phase evaluation (Assessment + Qualification) with wider drawdown limits and lower entry cost. Ideal for traders who prefer a more gradual evaluation process.
| Parameter | Details |
|---|---|
| Account Sizes | $5,000 - $200,000 |
| Entry Fee | From $59 |
| Min Trading Days | 3 |
| Max Daily Loss | 5% |
| Max Total Loss | 10% |
| Profit Target - Assessment | 9% |
| Profit Target - Qualification | 5% |
| Max Leverage | 1:100 |
| Profit Split | 80% base (up to 90% with add-ons) |
| Time Limit | None |
| Instruments | 200+ |
Two Phase Pricing
| Account Size | Price |
|---|---|
| $5,000 | $59 |
| $10,000 | $99 |
| $25,000 | $219 |
| $50,000 | $389 |
| $100,000 | $599 |
| $200,000 | $1,199 |
3. Day Trader Challenges (NEW)
The fastest challenges on the market — 1, 2, 4, and 8-hour challenges designed for maximum excitement and quicker results. Uses a fixed-odds model with pre-defined risk (stake) and payout (multiplier).
| Parameter | Details |
|---|---|
| Account Size | $10,000 fixed |
| Entry Fee | From $5 to $500 max |
| Profit Share | 100% yours |
| Duration | 1, 2, 4, or 8-hour sessions |
| Payout | Same-day payouts |
| Payout Multiplier | Up to 10x |
| Customisation | Choose stake, duration, payout multiplier, and platform |
| Add-ons | N/A |
Challenge Comparison
| Feature | Day Trader | One Phase | Two Phase |
|---|---|---|---|
| Account Size | $10K fixed | $5K - $200K | $5K - $200K |
| Entry Fee | From $5 to $500 | From $69 | From $59 |
| Profit Share | 100% yours | Up to 90% | Up to 90% |
| Duration | 1-8 hour sessions | No time limits | No time limits |
| Flexibility | Select stake, duration, multiplier, platform | Select account size and platform | Select account size and platform |
| Add-ons | N/A | Earlier payout, Profit split, 3-Day Payout, Insurance | Earlier payout, Profit split, 3-Day Payout, Insurance |
Add-Ons (One Phase & Two Phase)
Customize your challenge with optional add-ons:
- Earlier Payout — Accelerated withdrawal processing
- Profit Split — Increase from 80% to up to 90%
- 3-Day Payout — Faster 3-day payout cycle
- Insurance — Protection against challenge failure
Trading Platforms
Eightcap Challenges supports four industry-leading platforms.
| Platform | Timeframes | Indicators |
|---|---|---|
| MetaTrader 5 (MT5) | 21 | 38 |
| TradeLocker | 17 | — |
| MetaTrader 4 (MT4) | 9 | — |
| TradingView | 18 + custom | — |
Trust & Security
| Feature | Details |
|---|---|
| Parent Broker | Eightcap (founded 2015, Melbourne, Australia) |
| Regulation | ASIC (Australia), FCA (UK) — multi-jurisdictional |
| Fund Custody | J.P. Morgan — world's #1 bank |
| Account Protection | Segregated, Audited, Insured |
| Negative Balance Protection | Yes |
| Trustpilot (parent broker) | 4.1/5 from 3,300+ reviews |
| Withdrawal Denial Rate | 1.74% (fraud, KYC, intentional gaming) |
| DailyForex Rating | 4.8/5 |
Key Features
| Feature | Details |
|---|---|
| Operated By | Eightcap (regulated broker, est. 2015) |
| Prop Product Launched | November 2025 |
| HQ | Melbourne, Australia |
| Max Allocation | $600,000 aggregate |
| Account Sizes | $5,000 - $200,000 |
| Profit Split | 80% base, up to 90% with add-ons (100% on Day Trader) |
| Leverage | 1:100 |
| Instruments | 200+ |
| Platforms | MT4, MT5, TradeLocker, TradingView |
| Challenge Types | 3 (One Phase, Two Phase, Day Trader) |
| Time Limits | None (traditional challenges) |
| Day Trader Duration | 1, 2, 4, 8 hours |
| Same-Day Payouts | Yes (Day Trader Challenges) |
| Entry Fee | From $5 (Day Trader), from $59 (Two Phase), from $69 (One Phase) |
| Fee Refund | Non-refundable |
How It Works
- Choose your challenge — Select challenge type and account size from $10,000 up to $200,000
- Trade and prove your skills — Trade any of 200+ assets, showcase your skills, and pass the challenge targets
- Trade and earn your profit share — After passing, keep trading and take up to 90% of your profits (100% on Day Trader)
Why Traders Choose Eightcap Challenges
- Broker-backed — Operated by multi-regulated Eightcap (ASIC, FCA)
- Institutional fund security — Funds held by J.P. Morgan, segregated/audited/insured
- Three challenge pathways — One Phase, Two Phase, and Day Trader for different styles
- Day Trader Challenges from $5 — Lowest entry in the industry with same-day payouts
- Up to 90% profit split — 80% base with add-ons to reach 90%
- 100% profit share on Day Trader — Keep all profits on fixed-odds challenges
- No time limits — Traditional challenges have no deadline pressure
- Four platforms — MT4, MT5, TradeLocker, and TradingView
- 200+ instruments — Forex, indices, commodities, and cryptocurrencies
- 1:100 leverage — Standard forex leverage
- Scaling up to $600K — Aggregate allocation across multiple evaluations
- Transparent rules — Clear, well-communicated trading conditions
Verified Funded Partners
Eightcap Challenges partners with established trading educators:
- El Sensei — Instituto del Trading
Pros
- ✓Broker-backed — operated by Eightcap, a multi-regulated broker (ASIC, FCA)
- ✓Funds held by J.P. Morgan — world's #1 bank, segregated/audited/insured
- ✓Three challenge pathways: One Phase, Two Phase, and Day Trader
- ✓Day Trader Challenges from $5 — lowest entry in the industry
- ✓Same-day payouts on Day Trader Challenges — fastest in the market
- ✓100% profit share on Day Trader Challenges — keep all profits
- ✓Up to 90% profit split on traditional challenges (80% base + add-ons)
- ✓No time limits on traditional challenges — no deadline pressure
- ✓Four industry-leading platforms: MT4, MT5, TradeLocker, TradingView
- ✓200+ tradable instruments across forex, indices, commodities, and crypto
- ✓1:100 leverage — standard forex leverage
- ✓Scaling up to $600,000 aggregate allocation
- ✓Trustpilot 4.1/5 from 3,300+ reviews (parent broker)
- ✓DailyForex overall rating 4.8/5 — excellent reputation
- ✓Only 1.74% withdrawal denial rate — high payout reliability
- ✓Multi-jurisdictional regulatory compliance — ASIC, FCA
- ✓Negative balance protection — client safety feature
- ✓Fund segregation — client funds kept separate
- ✓Add-ons available: Earlier Payout, Profit Split, 3-Day Payout, Insurance
- ✓TradingView now live — modern charting platform
- ✓Founded by established broker (Eightcap, est. 2015) — institutional credibility
- ✓24/7 support via Discord and social channels
- ✓Transparent rules — clear, well-communicated trading conditions
- ✓Day Trader Challenges: 1, 2, 4, 8-hour sessions — maximum flexibility
- ✓Up to 10x payout multiplier on Day Trader Challenges
- ✓Active community engagement through Discord and social media
Cons
- ✕Evaluation fees are non-refundable — unlike competitors who refund on passing
- ✕Only $600K max aggregate allocation — lower than competitors offering $1M-$5M
- ✕Day Trader Challenges limited to $10K fixed account size — no scaling on this model
- ✕Day Trader max stake $500 — limits maximum payout potential
- ✕One Phase has 5 minimum trading days — cannot pass instantly
- ✕Two Phase has 3 minimum trading days — still requires multiple sessions
- ✕One Phase has stricter drawdown: 4% daily / 8% total — tighter than Two Phase
- ✕80% base profit split — requires add-on purchase to reach 90%
- ✕No free trial mentioned on main pages
- ✕Relatively new prop product (launched November 2025) — short track record
- ✕No explicit information on consistency rules on main page
- ✕No explicit information on weekend holding policies on main page
- ✕No explicit information on news trading restrictions on main page
- ✕No explicit information on EAs or automated trading policies
- ✕No explicit information on copy trading policies
- ✕Limited public information on specific crypto trading features
- ✕Simulated environment only — not real broker trading (for the challenge phase)
- ✕No explicit crypto-specific funding programs — crypto is one asset class
- ✕Day Trader Challenges use fixed-odds model — different from traditional prop trading
- ✕Some negative reviews relate to drawdown rule misunderstandings
- ✕Scalping restrictions may apply on some account types
Frequently Asked Questions
What is Eightcap Challenges?
Eightcap Challenges is a proprietary trading product operated by Eightcap, a globally regulated broker founded in Melbourne, Australia, in 2015. The prop offering launched in November 2025 and offers three challenge pathways: One Phase, Two Phase, and Day Trader Challenges. The firm benefits from Eightcap's multi-jurisdictional regulatory compliance (ASIC, FCA) and institutional fund custody with J.P. Morgan. Traders can access up to $600,000 in simulated capital with up to 90% profit split, trading 200+ instruments on MT4, MT5, TradeLocker, and TradingView.
Is Eightcap Challenges legitimate and safe?
Yes. Eightcap Challenges is operated by Eightcap, a multi-regulated broker founded in 2015. Eightcap holds licenses from ASIC (Australia) and the FCA (UK), providing strict regulatory oversight. Trader funds are held securely by J.P. Morgan (the world's #1 bank) with accounts that are segregated, audited, and insured. The parent broker has a Trustpilot score of 4.1/5 from 3,300+ reviews, and only 1.74% of withdrawals are denied (for fraud, KYC refusal, or intentional gaming). This institutional backing makes Eightcap Challenges one of the safest prop trading offerings available.
What challenge types does Eightcap Challenges offer?
Eightcap Challenges offers three pathways: (1) One Phase — single evaluation, 10% profit target, 4% daily/8% total drawdown, 5 min trading days, from $69; (2) Two Phase — Assessment (9% target) + Qualification (5% target), 5% daily/10% total drawdown, 3 min trading days, from $59; (3) Day Trader Challenges — 1-8 hour sessions, from $5, 100% profit share, same-day payouts, up to 10x payout multiplier. Traditional challenges have no time limits.
What is the profit split at Eightcap Challenges?
Eightcap Challenges offers 80% base profit split on One Phase and Two Phase challenges, which can be increased to up to 90% with the purchase of add-ons (Profit Split add-on). Day Trader Challenges offer 100% profit share — you keep all profits on these fixed-odds challenges. The 90% split is competitive but requires an additional add-on purchase.
What are the Day Trader Challenges?
Day Trader Challenges are the fastest challenges on the market — 1, 2, 4, and 8-hour sessions designed for maximum excitement and quicker results. They use a fixed-odds model with pre-defined risk (stake) and payout (multiplier). Entry starts from just $5 (up to $500 max), with a $10,000 fixed account size. Traders can choose their stake, duration, payout multiplier (up to 10x), and preferred platform. Day Trader Challenges offer 100% profit share and same-day payouts.
How do payouts work at Eightcap Challenges?
Payouts vary by challenge type. Day Trader Challenges offer same-day payouts — complete the challenge within hours and earn your payout the same day. Traditional challenges (One Phase, Two Phase) offer standard payout cycles, with add-ons available for Earlier Payout and 3-Day Payout to accelerate withdrawal processing. The firm has a 98.26% payout success rate (only 1.74% denied for fraud, KYC, or intentional gaming).
What platforms does Eightcap Challenges support?
Eightcap Challenges supports four industry-leading platforms: MetaTrader 5 (MT5) with 21 timeframes and 38 indicators, TradeLocker with 17 timeframes, MetaTrader 4 (MT4) with 9 timeframes, and TradingView with 18+ custom timeframes. TradingView was recently added, providing modern charting capabilities. This gives traders maximum flexibility to choose their preferred platform.
What is the maximum allocation at Eightcap Challenges?
Eightcap Challenges offers a maximum aggregate allocation of $600,000 per trader. Individual account sizes range from $5,000 to $200,000. Traders can pass multiple evaluations and scale up, but the firm's total commitment of simulated funds must not exceed $600,000 to any one trader. This is lower than some competitors offering $1M-$5M scaling.
Are the evaluation fees refundable?
No. Unlike many competitors who refund the evaluation fee upon passing, Eightcap Challenges' initial evaluation fee is non-refundable. Fees range from $5 (Day Trader) to $1,299 (One Phase $200K account). However, the entry fees are competitive, and the Day Trader Challenges offer an extremely low-cost entry point from just $5.
What are the drawdown rules at Eightcap Challenges?
Drawdown rules vary by challenge: One Phase has 4% max daily loss and 8% max total loss; Two Phase has 5% max daily loss and 10% max total loss (wider and more forgiving). The Two Phase challenge offers more forgiving drawdown limits, making it better suited for traders with more volatile strategies. Day Trader Challenges use a fixed-odds model where your risk is limited to your stake.
What add-ons are available at Eightcap Challenges?
Eightcap Challenges offers four add-ons for One Phase and Two Phase challenges: (1) Earlier Payout — accelerated withdrawal processing; (2) Profit Split — increase from 80% to up to 90%; (3) 3-Day Payout — faster 3-day payout cycle; (4) Insurance — protection against challenge failure. These add-ons allow traders to customize their experience based on their needs.
What instruments can I trade with Eightcap Challenges?
Eightcap Challenges offers 200+ tradable instruments across multiple asset classes including forex, indices, commodities, and cryptocurrencies. This diverse range allows traders to build varied portfolios and trade what they know best. The exact instrument list depends on the platform chosen (MT4, MT5, TradeLocker, or TradingView).
What leverage does Eightcap Challenges offer?
Eightcap Challenges offers 1:100 max leverage across all account sizes and challenge types. This is standard forex leverage and provides sufficient leverage for most trading strategies.
Does Eightcap Challenges have time limits?
No. Traditional challenges (One Phase and Two Phase) have no time limits — you can take as long as you need to hit the profit target. However, there are minimum trading days requirements: 5 days for One Phase and 3 days for Two Phase. Day Trader Challenges are time-limited by design (1, 2, 4, or 8 hours).
How does Eightcap Challenges compare to other prop firms?
Eightcap Challenges stands out for its broker-backed model (operated by multi-regulated Eightcap), institutional fund custody with J.P. Morgan, and the innovative Day Trader Challenges from $5 with same-day payouts and 100% profit share. The DailyForex overall rating is 4.8/5. However, it has a lower max allocation ($600K vs $1M-$5M at some competitors) and non-refundable evaluation fees. The combination of regulatory oversight, fund security, and flexible challenge options makes it a strong contender for traders who prioritize safety and legitimacy.
Who operates Eightcap Challenges?
Eightcap Challenges is operated by Eightcap, a globally regulated broker founded in Melbourne, Australia, in 2015. Eightcap holds licenses from top-tier regulators including ASIC (Australian Securities and Investments Commission) and the FCA (UK's Financial Conduct Authority). The firm provides clear information on management, listing Executive Directors and Founders, and engages directly with traders through Discord and social channels, adding transparency and trust.
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