E8 Perpetuals Review: Simulated Prop Program on Hyperliquid Price Data

Simulated capital

Based on the firm's published rules, terms and public evidence, checked on 2026-11-04.

PerpsOnly score: 5.45 / 10

1. Overview

E8 Perpetuals is the perpetuals product of E8 Markets. It sells simulated funded accounts (E8 One and E8 Pro) in what E8 calls a "SimFi" environment. Prices are a simulation built on perpetual-futures price data, with Hyperliquid named as the perps source on E8's own site menu (E8 perpetuals configurator, checked 2026-11-04). It is not exchange execution. The operator is E8 Funding LLC, a Texas LLC, per E8's own affiliate terms updated 2025-11-25 (E8 legal terms, checked 2026-11-04).

On paper E8 offers a wide range of account sizes ($5K to $500K), no minimum trading days and an 80–100% split chosen at purchase. Our score is held down by payout-related complaints from some Trustpilot reviewers, a Trustpilot rating that is currently unavailable, no independent payout proof that we found, and no published execution statistics.

The fee buys an evaluation account. Whether the fee is refundable: Not stated in the sources we checked.

Quick Scorecard

• Best For: Traders who want a wide choice of simulated account sizes and read E8's current payout terms before paying.
• Not Recommended For: Traders who need independent payout history before paying a fee, and traders in US states where the payout rail may not be supported.

2. Key Specs

3. Pricing & Account Sizes

List prices at the default configuration (6% maximum drawdown, 80% split). A site-wide 50% promo was active on the day we checked and is not included below.

Source: E8 perpetuals configurator, checked 2026-11-04. The perps page also shows a "$100K challenge $398 ($299 with 25% off)" card that matches neither table above; we have not reconciled it. Prices change often, so confirm the current price on E8's site.

4. Trading Rules & Drawdown Mechanics

Rules at $100K, default configuration (E8 perpetuals configurator; E8 One article, checked 2026-11-04):

• Time limits: Not stated in the sources we checked.
• News trading: E8 One's article contains a news rule in the performance stage; its wording was not captured in our sources.
• Weekend holding, EAs and API trading: Not stated in the sources we checked.

5. Payout Terms & Reliability

• Profit Split: 80%, 90% or 100%, chosen at purchase; a higher split costs more (E8 perpetuals configurator, checked 2026-11-04).
• Payout frequency, minimums and timing: Not stated in the sources we checked.
• Payout rail: E8's Accepted Countries article says payouts via Rise exclude unsupported US states and territories; the list is not shown (E8 Accepted Countries, checked 2026-11-04). We could not confirm whether other payout methods are available in those states.
• Payout buffer and profit caps: Some Trustpilot reviewers mention a 50% payout buffer and profit caps (Trustpilot, checked 2026-11-04). We have not verified these reports and make no finding on them. E8's own wording of these terms: Not stated in the sources we checked.
• Payout evidence: E8 says it has paid $80M (E8 site, checked 2026-11-04). This is E8's own claim, not independently verified. We found no independent payout proof.

6. Trading Platform, Liquidity & Execution

1. Simulated venue: E8's "SimFi" environment simulates trading on perpetual-futures price data; Hyperliquid is named as the perps source on E8's site menu (E8 perpetuals configurator, checked 2026-11-04). It is not exchange execution.
2. Terminal: E8 Perpetuals is offered on the E8 Terminal, per a secondary report (The God Funded; the page returned an error when we checked, so we saw only a search snippet).
3. Leverage: Not captured in our sources; confirm the figure in E8's E8 One article before you buy (E8 One article).
4. API access: Not stated in the sources we checked.
5. Execution quality: We have not measured fills or latency. E8's published execution statistics: Not stated in the sources we checked. Some Trustpilot reviewers mention widening spreads and slow support (Trustpilot, checked 2026-11-04). We have not verified these reports and make no finding on them.

7. Trust, Ownership & Track Record

• Corporate Structure: E8 Funding LLC, a Texas LLC, per E8's own affiliate terms updated 2025-11-25 (E8 legal terms, checked 2026-11-04). The parent brand has operated since about 2021, per secondary review sites found in one search, and we could not confirm the launch date of the perps product. Named founders or leadership: Not stated in the sources we checked.
• Trustpilot notice: Trustpilot shows no star rating for this listing. Its notice says the rating is "unavailable due to a breach of our guidelines." Trustpilot does not say on the page what the breach was. We report the notice as shown and make no finding on it.
• Trustpilot reviews: Trustpilot has withheld the overall rating (see above), so read the distribution with care. The page for e8markets.com shows 3,303 reviews, 84% 5-star and 10% 1-star, with 503 in the last 12 months. We saw no public company replies (Trustpilot, checked 2026-11-04).
• What some reviewers say: Some Trustpilot reviewers (Trustpilot, checked 2026-11-04) report payout denials, a 50% payout buffer and profit caps, widening spreads and slow support. We have not verified these reports and make no finding on them.
• Third-party trackers: Search-only checks of third-party trackers, several of them affiliate sites, found no confirmed payout-denial list, no regulator warning and no lawsuit (example tracker, secondary, checked 2026-11-04). These are absence-of-evidence searches, not database results.
• Regulatory Standing: No regulator database was queried. Regulator status: Not stated in the sources we checked.
• Geographic Availability: E8's Accepted Countries article (dated 2026-10-01) lists the restricted countries for "Classic markets + Perpetuals"; the United States is not among them. It says the country is judged by the KYC document, and that payouts via Rise exclude unsupported US states and territories (list not shown) (E8 Accepted Countries, checked 2026-11-04). E8's site title also reads "US-Based" (this describes the company; it doesn't say who can join) (E8 homepage, checked 2026-11-04). The article does not state in plain words that US traders are accepted, so our frontmatter value is "unknown". We have not tested signup, KYC or payout. We could not confirm whether other payout methods are available in those states.

8. Pros & Cons

Pros

• Wide size range: Eight account sizes from $5K to $500K.
• Low entry price at small sizes: E8 Pro $5K lists at $28 and E8 One $5K at $48, before promos.
• Split choice: 80%, 90% or 100% chosen at purchase.
• No minimum trading days on E8 One.
• Named operator: E8 Funding LLC, a Texas LLC.

Cons

• Trailing drawdown on E8 One: The 6% drawdown trails on closed profit before it locks at the initial balance.
• Tight Pro limits: E8 Pro has a 2.5% daily drawdown and a 2% daily profit cap.
• Payout evidence: The "$80M paid" figure is E8's own claim, and we found no independent proof.
• Trustpilot rating unavailable, with payout-related complaints from some reviewers that we have not verified.
• Possible payout-rail gap in some US states.
• Several terms not stated in our sources: refund policy, payout frequency, time limits, leverage values.

9. Verdict & PerpsOnly Rating

E8 Perpetuals offers a broad range of simulated account sizes and a named US operator. At 5.45/10 it sits in our Caution tier because independent payout evidence is missing, some Trustpilot reviewers raise payout concerns we have not verified, Trustpilot's rating for the listing is unavailable, and several key terms were not stated in the sources we checked. If you are in the US, check E8's payout-rail list for your state before paying. This is not a finding of wrongdoing; it is where the sources we checked leave the score.

Trading carries risk of loss. Whether the challenge fee is refunded: not stated in the sources we checked. Not financial advice.

Scoring Rubric Breakdown

Arithmetic: (6.0 × 0.20) + (6.0 × 0.25) + (5.0 × 0.25) + (5.0 × 0.15) + (5.0 × 0.15) = 1.20 + 1.50 + 1.25 + 0.75 + 0.75 = 5.45. Tier: 4.0–5.9 = Caution.

Editorial & Affiliate Disclosure

Based on E8 Perpetuals' published rules, terms and public evidence, checked on 2026-11-04. We have no affiliate relationship with E8 Perpetuals. Read our methodology at /methodology.