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Eightcap Challenges review
Run by a licensed broker group, which is rare for a prop firm — but the challenges are simulated and not covered by those licences.
#7 of 10
Score breakdown
Calculated automatically from the facts on this page. How we score prop firms.
Pros and cons
What we like
- Backed by a broker group with six licences
- MT4, MT5 and TradingView
- Bank transfer payouts
Watch out for
- Most expensive $100k challenge after FTM's list price
- Tough 9% phase-1 target
- Fee not refunded
Price
- $100k challenge
- $599 (2-step)
- Cheapest challenge
- $59 for a $5k 2-step
- Programs
- 1-step, 2-step & Day Trader
- Fee refunded with 1st payout
- No
Rules and T&Cs
- Profit targets
- 9% → 5%
- Daily loss limit
- 5%
- Max loss
- 10% (static or trailing not stated)
- News trading
- Profit forfeited for trades 10 min either side of high-impact news
- EAs / bots
- Allowed; no martingale, grid, hedging, copy trading or arbitrage
Rules differ between programs and change often. Read the firm's full rulebook for the exact account you buy.
Payouts
- Schedule
- First after 14 days (7 or 3 with paid add-ons); usually processed within 2 business days
- Profit split
- 80% → up to 90%
- Payout methods
- Bank transfer · Crypto
Trust and track record
- Based
- Mahé, Seychelles (Eightcap group: Melbourne)
- Founded
- 2009 (Eightcap broker group)
- Trustpilot
- No separate profile; Eightcap broker profile rating hidden by Trustpilot (22 Oct 2026)
- Parent company
- Eightcap group holds ASIC, FCA, CySEC, SCB, FSA and FSC licences — the challenges themselves are not covered
Platforms and execution
- Platforms
- MT4, MT5, TradingView, TradeLocker
- Execution speed
- Not published for challenges (Eightcap's live broker accounts tested at ~139 ms)
FAQ
How much is the Eightcap Challenges $100k challenge?
$599 (2-step). The cheapest challenge is $59 for a $5k 2-step. Prices change often, so check the firm's site before you pay.
How do payouts work at Eightcap Challenges?
First after 14 days (7 or 3 with paid add-ons); usually processed within 2 business days. The challenge fee is not refunded with your first payout.
Can I get paid in Africa?
Confirmed payout methods: Bank transfer, Crypto. See our guide on getting paid by a prop firm in Africa.
Is Eightcap Challenges regulated?
No. Prop firms sell trading evaluations, not investment accounts, so no African regulator protects your fee. Eightcap group holds ASIC, FCA, CySEC, SCB, FSA and FSC licences — the challenges themselves are not covered.
What are the main rules?
Profit targets 9% → 5%; daily loss 5%; max loss 10% (static or trailing not stated). News: Profit forfeited for trades 10 min either side of high-impact news. EAs: Allowed; no martingale, grid, hedging, copy trading or arbitrage.
How is the 6.8/10 score calculated?
From seven weighted factors — price & minimum buy-in 15%, payouts 20%, profit split 10%, rules & t&cs 20%, trust & track record 20%, getting paid in africa 10%, platforms 5% — applied to the facts on this page.
Sources: Eightcap Challenges — Official site ↗Eightcap — Home (entities and licences) ↗DailyForex — Eightcap Challenges review 2026 ↗TradeLocker Hub — Eightcap Challenges ↗FXEmpire — Eightcap ↗ · Last checked Oct 2026