AI Review
Eightcap Challenges is the prop-firm evaluation product offered by Eightcap International Ltd (Seychelles). IMPORTANT: the challenge product does NOT fall within the scope of any authorisations, licences or permissions Eightcap holds and is solely for educational purposes — it is not ASIC-, FCA- or otherwise regulated. Eightcap the broker is regulated (ASIC AFSL 391441, Bahamas SIA-F220, Seychelles FSA SD100, Mauritius FSC), referenced here as context only and clearly separate from the challenge product. Profit split up to 80%, max leverage 1:100, accounts simulated up to $600,000 total. Australia is restricted despite Eightcap being an Australian broker; US residents are accepted but only on TradeLocker and TradingView. The Trustpilot rating reflects the broker Eightcap, not the challenge product specifically. The restricted-country list is partial — their FAQ leaves 'various African nations' unenumerated.
Trading Rules
One Phase program
10% target, 4% daily DD, 8% max DD, 5 min days (7 at payout stage).
Two Phase program
9% then 5% target, 5% daily DD, 10% max DD, 3/5/5 min days.
Weekend holding
Weekend holding is permitted.
Expert Advisors / indicators
EAs and indicators are allowed, but the trader carries full responsibility for EA-caused breaches with no resets.
Account model
Accounts are simulated — up to $600,000 total simulated capital.
Minimum trade duration
A trade must stay open 60+ seconds to count toward a trading day.
News trading
Restricted 10 minutes either side of high-impact events — soft breach; profit from those trades is forfeited rather than the account failing.
Position limits
Max 10 simultaneous trades; forex max 40 lots per trade. No time limit.
Banned strategies
Martingale, hedging, grid, tick trading, copy trading, latency and reverse arbitrage, gap trading, and account management are banned.
Leverage and Platforms
Tradeable Asset Classes
- forex
- indices
- commodities
- crypto
- US stocks
Available Trading Platforms
-
MetaTrader 5
-
MetaTrader 4
-
TradeLocker
-
TradingView
Restricted Countries & Regions
Afghanistan
Australia
Cuba
Iran
Iraq
Lebanon
Libya
Myanmar
North Korea
Russia
Somalia
Syria
Ukraine
Yemen
ZimbabweCheck the firm website for the full and up-to-date list. Full list at Eightcap Challenges.
User Reviews
Share your experience with Eightcap Challenges and help other traders make informed decisions.
to leave a review.
No reviews yet. Be the first!
Ready to trade with Eightcap Challenges?
Start your evaluation today and put your strategy to the test.