E8 Markets
Rules
To maintain a fair and secure trading environment, E8 Markets has established specific rules and guidelines, including certain prohibited practices. Below is an overview of the most pertinent information:
1. Prohibited Trading Practices
To ensure market integrity, E8 Markets prohibits the following behaviors:
- All-or-Nothing Trading: Risking your entire account balance on a single trade is not permitted. Such excessively risky trading styles violate E8 Markets' terms and will result in account termination with a full refund.
- Hedging Across Multiple Accounts: Hedging across multiple accounts, even those belonging to the same trader, is strictly prohibited. This involves opening opposing positions on the same asset, which undermines fair trading and disrupts the integrity of the platform.
- Use of Expert Advisors (EAs): While the use of EAs is permitted, each user is limited to one strategy. If multiple users are found executing the same trades or strategy, it may lead to account termination. Additionally, there is a server request limitation of 2,000 modifications (such as TP/SL adjustments) and a maximum position limit of 2,000 per day.
- Irresponsible Trading in Simulated Accounts: Executing large-volume trades without a coherent strategy or disregarding fundamental market analysis and risk management practices is considered an abuse of the simulated environment and will be penalized.
- High-Frequency Trading (HFT) Restrictions: To prevent HFT behaviors, traders cannot hold more than 50% of their trades for under one minute.
2. News Trading Policy
During the evaluation phases (Phases 1, 2, and 3), traders are free to simulate trades on any news events. However, due to the simulated platform tracking real-world markets, traders must be aware of the risks associated with slippage. In the E8 Trader account, trading based on news is not permitted.
3. Consistency Rules
E8 Markets requires traders to demonstrate consistent trading practices. If a trader's approach shows signs of extreme behavior, their trading may be subject to review by the risk team, who may require consistency over a longer period. Failure to demonstrate a consistent and sustainable trading strategy may result in restrictions on trading activities, termination of the agreement, or withholding of payouts.
4. Recommended Risk Management
E8 Markets advises traders to adhere to prudent risk management practices. If prohibited practices are detected, the company reserves the right to de-risk the trading strategy by limiting risk to no more than 1% per trade idea or time horizon.
Adhering to these rules and guidelines is essential for maintaining your account's standing with E8 Markets. Engaging in prohibited practices can lead to actions ranging from warnings to the termination of the account and cessation of cooperation. For the most detailed and up-to-date information, please refer to E8 Markets' official Terms & Conditions and their official FAQ section.