There are zero 8FigureTrader reviews on the Forex Peace Army which is a downside. On the Trustpilot, the firm has around 100 reviews which is not enough to accurately evaluate the firm’s experience in traders’ perception. When it comes to experience, the firm was launched in 2024 which makes it young and inexperienced in the prop trading industry. 

The firm is partnered with TopFX Forex and CFDs brokers. The broker is regulated and has positive reviews on the FPA which is very important. 

The firm gets a 1.5 score in this section as it is partnered with a regulated broker but lacks experience and trader reviews.

8FigureTrader funded program is just a 1-step challenge. This is disadvantageous as traders can only select one challenge type and there are no other options available.

8FigureTrader funding options are 25k, 50k, 100k, 500k, and 1 million USD. There are no smaller funded options which is a downside but also understandable, as HFT requires considerable trading capital to be profitable. The lack of smaller 8FigureTrader challenges is especially unattractive for beginner traders who usually start low. 

8FigureTrader scaling plan is available and allows traders to get up to 10 million dollars for HFT trading which is very flexible. 

Overall, the firm gets a 3 score in this section. 

8FigureTrader prop trading assets include popular FX pairs, commodities, indexes, and cryptos. There are both major and minor pairs of around 40 instruments in total. The firm offers precious metals, energy, and other commodities. Crypto pairs include BTC and ETH. During the evaluation stage, traders can get up to 1:500 leverage. However, the maximum leverage is set at 1:30 when traders get funded.

Overall, the firm gets a 3 score in this section. 

8FigureTrader rules are straightforward and include:

• Profit target - 10%
• Daily loss limit - 5%
• Maximum drawdown - 10%
• Minimum trading days - 5 days
• News trading - Yes
• EAs - Yes
• Weekend trading - Yes
• Overnight trading - Yes
• HFT strategies - Allowed

As we can see, the rules are very competitive and allow traders to be flexible with their automated trading strategies. 

Overall, the firm gets a 1.7 score in this section. 

The pricing starts at 189 dollars which is not competitive as it is above 150 USD. Here is the list of one-time fees for each funded option:

• Funded amount: 25k USD - One-time fee: 189 USD
• 50k USD - 289 USD
• 100k USD - 489 USD
• 500k USD - 1,798 USD
• 1M USD - 2,498 USD

As we can see, the pricing is expensive and not very competitive. This is mainly because there are no smaller accounts offered below 25k USD. 

8FigureTrader free trial is not offered and the 8FigureTrader free repeat is not available either which is a downside. 

Overall, the firm gets only 2 scores in this section.

The firm allows access to the advanced Metatrader 4 (MT4) platform which offers advanced functionality like custom indicators and Expert Advisors (EAs). Mobile trading is available using the T4 mobile app which is accessible on all mobile devices.

Overall, the firm gets a 5 score in this section. 

8FigureTrader profit split is capped at 85% which is competitive. Traders can not increase it further which is a minor downside. Withdrawals take 1-3 business days which is competitive but still slow. 

Overall, the firm only gets a 2 score in this section for slow withdrawals. 

The firm provides trading strategies that can be useful. However, there are no other educational resources available like webinars, trading courses, or video guides. There are no tools offered either to evaluate trader’s performance and increase trading accuracy.

As a result, the firm gets a 1.5 score in this section. 

The firm provides email and live chat support channels which are flexible. However, there is no phone support offered and the website and support are not multilingual. 

In the end, the firm gets a 2.4 score in this section.