Eightcap

Eightcap scored 89/100 in our UK testing, mostly due to its stability, tightly-priced forex feed and familiar MT4/MT5 workflow. Where many prop firms rely on synthetic liquidity or proprietary price streams, Eightcap’s challenges pull directly from its brokerage infrastructure, giving UK traders very consistent spreads across London and New York sessions.

All trading is still simulated (as with every prop firm), but the underlying pricing and execution mirrors the broker’s real environment, which is a major advantage if you already trade CFDs with UK brokers.

eightcap overview

Challenges and Fees

Eightcap runs three challenge types that suit different styles:

  • One Step Challenge: A single step evaluation with one target and straightforward rules.
  • Two Step Challenge: A more gradual evaluation split into two steps.
  • Day Trader Challenge: Built for fast, high-focus sessions. You choose a 1- to 8-hour window and a stake/multiplier, trading a fixed £10K equivalent balance on TradeLocker. Fully manual with no minimum days.
Feature One-Phase Day Trader Two-Phase Day Trader Fast Day Trader (1–8 Hour)
Account Size Range $10,000 – $200,000 $10,000 – $200,000 Fixed $10,000 simulated balance
Fee Range $119 – $1,299 $99 – $1,199 $5 – $250
Evaluation Process One Step Two Step 1, 2, 4 or 8-hour
Profit Target 10% 10% / 8% Varies by stake & multiplier
Max Daily Loss 4% 5% Fixed dollar drawdown
Max Total Loss 8% 10% Fixed dollar limit based on chosen stake
Minimum Trading Days 5 3 per step NA
Profit Split 80% 80% Instant payout based on 2x, 5x or 10x multiplier

Trading Costs & Spreads

Trading conditions are cleaner than most UK-friendly prop firms because Eightcap uses its own raw-spread brokerage feed:

  • Forex spreads often start at 0.0 pips on EUR/GBP, GBP/USD and EUR/USD, with a flat £5 round-turn commission on forex, indices and commodities.
  • Crypto CFDs are commission-free.
  • UK and US stock CFDs appear only in the Day Trader challenge with low-cost per-lot fees.

During testing, spreads and execution stayed extremely stable around the London open, a common problem point for many prop firms.

Funded Accounts and Payouts

Once funded, you start at an 80% profit split, with an option to upgrade to 90%.
Payouts are available every 14 days with a £100 minimum, and crypto withdrawals can be made from £10.

There’s no traditional scaling plan, but the funded accounts behave exactly like the evaluation in terms of spreads, execution and platform behaviour, something UK traders switching from local brokers will appreciate.

Trading Platforms and Markets

Eightcap supports three platforms:

  • MT4 & MT5: Available on the One Step and Two Step challenges. You can run Expert Advisors, custom indicators, scripts and trade managers exactly as you would on a normal UK broker account.
  • TradeLocker: Used exclusively for the Day Trader challenge, with straightforward order entry and fast charting designed for short sessions.
Asset Class One Step Two Step Day Trader Notes
Forex 1:100 1:100 1:30 Majors, minors and exotics supported
Indices 1:30 1:30 1:10 Includes US30, NAS100, SPX500, UK100, GER40
Commodities 1:20 1:20 1:10 Metals and energies
Crypto 1:3 1:3 1:2 Wide crypto list across all models
US Stocks n/a n/a 1:5 Day Trader only
ETFs 1:5 1:5 1:5 ASX and US ETFs available

Forex, indices, commodities, crypto and ETFs are available on all challenge types.
US stock CFDs are exclusive to the Day Trader model.

Leverage is highest on One Step and Two Step accounts, while Day Trader uses reduced leverage to keep timed sessions stable.

Asset Class One Step Two Step Day Trader Notes
Forex 1:100 1:100 1:30 Majors, minors and exotics supported
Indices 1:30 1:30 1:10 Includes US30, NAS100, SPX500, UK100, GER40
Commodities 1:20 1:20 1:10 Metals and energies
Crypto 1:3 1:3 1:2 Wide crypto list across all models
US Stocks n/a n/a 1:5 Day Trader only
ETFs 1:5 1:5 1:5 ASX and US ETFs available

Trust and Support

Eightcap’s prop programme benefits from the broker’s established global presence and FCA regulation on its UK entity, giving an extra layer of reassurance when compared to independent firms. Support is responsive through live chat and email, and during our UK testing the help team handled payout queries quickly and clearly.

Final Verdict

Eightcap is a great option for UK traders who want prop funding but prefer the stability of a real broker’s pricing and MT4/MT5 execution. It’s not the cheapest, and it lacks a long-term scaling plan, but the trading environment is one of the most consistent you’ll find — especially for EA users and intraday forex traders who depend on reliable spreads across the London session.