PROP FIRM REVIEW Β· PAUL-TESTED Β· FOREX

E8 Markets Review 2026

E8 Markets is a multi-asset prop firm founded November 5, 2021 by Dylan Elchami, with dual offices in Dallas + Prague. Eight products across three asset classes (Forex/CFD, Crypto, Futures) built on three templates: E8 One, E8 Signature, E8 Classic/Track. I traded E8 Futures for 18 months across 3 funded accounts seriell and withdrew around $4,000 in cumulative payouts, all clean. Not currently running an active E8 account.

18 mo Futures tested ~$4K withdrawn 4.4/5 Trustpilot $35M+ paid out
Paul, founder of Proptradingvibes
Written and tested by Paul 4+ years funded trading Β· $200K+ verified payouts across 12 firms Verified against e8markets.com homepage + help centers (help.e8markets.com + helpfutures.e8markets.com) + Live PTV blog content May 2026 health check (rules-overview, accounts-overview, payout-rules, is-e8-markets-legit) + Memory project_firm_e8_markets.md (2026-04-28 health-check) + Trustpilot 4.4/3227 reviews April 2026 + Personal accounts: 3 funded E8 Futures accounts seriell across 18 months, ~$4K cumulative payouts on May 31, 2026
Hands-on tested
Same test, every firm NQ and MNQ, ES and MES, GC and MGC, mostly the New York session with most of my size in the evening power hour. How I test →
E8 Markets review by Paul on Proptradingvibes

What is E8 Markets?

E8 Markets is a multi-asset proprietary trading firm headquartered in Dallas, Texas with operational dual-office presence in Prague, Czech Republic, founded November 5, 2021 by Dylan Elchami. The firm services Forex/CFD, Crypto, and Futures across eight distinct funding products built on three templates (E8 One, E8 Signature, E8 Classic/Track). $35 million+ in cumulative trader payouts, 4.4 Trustpilot rating across 3,227 reviews as of April 2026. On-Demand payout system with bank transfer via Plane or crypto via Rise.

E8 Markets Overview

E8 Markets is a multi-asset proprietary trading firm headquartered in Dallas, Texas and Prague, Czech Republic, founded November 5, 2021 by CEO Dylan Elchami (also CIO at Digital Renaissance Management). E8 covers three asset classes under one platform login, Forex/CFD, Futures, and Crypto, across five Forex product lines, one Futures track, and two Crypto products. As of April 2026 the firm self-reports $35M-plus in cumulative trader payouts (with some sources citing $65M-$68M, used here as conservative floor only), services 200,000-plus registered traders, and holds a Trustpilot rating of 4.4 from 3,227 reviews in the Excellent category.

What sets E8 apart in the 2026 prop firm landscape is the combination of three structural choices that no peer matches simultaneously. Multi-asset coverage under one product family means a trader can run Forex, Futures, and Crypto from the same account ecosystem without juggling three separate firm relationships. Up to 100% profit split selectable on E8 One at account creation, not gated behind scaling milestones, lets aggressive split-seekers configure max payout from cycle one. On-Demand payouts after the first 14-day window, gated only by 5 profitable trading days at 0.3% PnL minimum each, replace the rigid 14-day-cycle framing that misrepresented E8's payout cadence in legacy materials. The trade-offs are real: drawdown mechanics differ by product (intraday trailing on E8 One/Classic/Track, EOD dynamic on Signature), US Forex/CFD platform options are limited to MatchTrader and TradeLocker (MT5 and cTrader are US-restricted), and the 100% split is an E8 One configuration choice, not a default across the catalog. Use code VIBES for 10% off across Forex, Futures, and Crypto.

I have personally traded E8 Futures for 18 months across 3 funded accounts seriell (one after another, not parallel) with roughly $4,000 in cumulative payouts cleared, all clean across the run. My Forex and Crypto observations in this review are third-person, drawn from documentation, community sentiment, and recon, since I have not personally tested those tracks. I am not currently running active E8 accounts as of April 2026, the 18-month track record was clean and I rotated to other Futures props for capital diversification reasons unrelated to E8 product quality. This review covers every dimension of the 2026 E8 product, the five Forex products plus Futures plus Crypto, drawdown mechanics across product lines, the On-Demand payout system, the Best-Day consistency rule (40% E8 One, 35% Signature), platforms across all three asset classes, trust signals, and how E8 compares to the other multi-asset and Futures-specialist firms in the 2026 rotation. All data accurate as of April 2026.

Pros and Cons of E8 Markets

Pros

  • On-Demand payout system after the initial 14-day wait from first trade: request again as soon as 5 profitable trading days with at least 0.3 percent in closed PnL are complete
  • $35 million+ in cumulative trader payouts across 4.5 years of operation since November 2021
  • Dual physical office presence in Dallas and Prague, with named founder (Dylan Elchami) verifiable in public records
  • Eight funding products across three asset classes (Forex/CFD, Crypto, Futures) means traders can match drawdown style and eval-phase count to actual edge profile
  • Two payout rails: bank transfer via Plane and crypto via Rise, providing fallback options across most jurisdictions
  • Evaluation phase rules are permissive: hit the profit target without breaching drawdown, no consistency check, no news limits during eval
  • VIBES code applies 10 percent off via the e8markets.com/d/VIBES affiliate link checkout
  • Trustpilot 4.4 across 3,227 reviews and 4.5 years of brand continuity is a clean trust signal at the multi-asset prop tier

Cons

  • Funded-phase adds three gates the evaluation does not have: Best-Day rule on profit consistency, a 5-minute news window on Tier 1 events, and the On-Demand payout cycle that follows an initial 14-day wait from first trade
  • Eight products across three asset classes means significant rule-variance: a single "E8 Markets rules" answer does not exist without naming the product first
  • Initial 14-day wait from the first funded-account trade applies before the first payout request can be submitted
  • 5 profitable trading days with at least 0.3 percent closed PnL is the payout gate after the initial wait, which constrains very-low-volume traders
  • 5-minute Tier 1 news window on funded accounts requires positions closed around scheduled high-impact releases (NFP, FOMC, CPI)
  • My E8 testing was Futures-only across 18 months; I cannot personally vouch for the Forex/CFD or Crypto sides beyond what is documented in the help centers (help.e8markets.com and helpfutures.e8markets.com)

E8 Markets Quick Reference

Firm type Multi-asset prop firm (Forex/CFD + Crypto + Futures), founded November 5, 2021 by Dylan Elchami
Offices Dallas, Texas + Prague, Czech Republic (dual presence)
Product templates E8 One (customizable 1-step), E8 Signature (fixed 1-step), E8 Classic + E8 Track (multi-phase Forex/CFD only)
Total products 8 distinct funding products across the 3 asset classes
Cumulative payouts $35 million+ to funded traders since 2021 launch
Profit split 80 percent base; scaling tiers apply per product line
Payout system On-Demand. Initial 14-day wait from first trade, then 5 profitable trading days at 0.3% PnL minimum unlocks each request.
Payout rails Plane (bank transfer) and Rise (crypto)
Eval rules Permissive: hit profit target without breaching drawdown, no consistency check, no news limits during evaluation
Funded rules Best-Day rule on profit consistency + 5-minute news window on Tier 1 events + 14-day initial wait + 5-day at 0.3% PnL gate
Help centers help.e8markets.com (Forex/Crypto) + helpfutures.e8markets.com (Futures track)
Promo VIBES at 10 percent off via e8markets.com/d/VIBES affiliate link; Trustpilot 4.4/5 across 3,227 reviews

E8 Markets Account Types and Pricing

4 account types available.

Plan Price (VIBES) Cycle DLL Split Paul-tested
E8 One $50K (4% DD) $89$99 5-day $1,500 80/20 β†’ 90/10 No
E8 Classic $50K (Forex) $152$169 5-day $2,000 80/20 βœ“ Yes
E8 Futures $50K $89$99 5-day $1,000 80/20 β†’ 90/10 βœ“ Yes
E8 Signature Forex $100K $305$339 5-day $3,000 80/20 β†’ 90/10 No

Account architecture, three asset classes and seven product lines

E8 Markets covers three asset classes (Forex/CFD, Futures, Crypto) across seven product lines plus the Futures track. Forex side: E8 One, E8 Signature, E8 Classic, E8 Track, E8 Track 1:1. Crypto side: E8 One Crypto, E8 Signature Crypto. Futures side: E8 Signature Futures (the only Futures product). Pricing is one-time per evaluation, no monthly subscription on any product. The asset-class choice and product line are picked at purchase and locked for the lifetime of the evaluation and funded account.

E8 One pricing matrix (Forex + Crypto, 1-step, customizable)

SizePrice (MatchTrader / TradeLocker)After VIBES 10%
$5K $40 ~$36
$10K ~$75 ~$68
$25K ~$150 ~$135
$50K ~$250 ~$225
$100K $398 ~$358
$200K ~$700 ~$630
$400K ~$1,200 ~$1,080
$500K $1,627 ~$1,464

E8 One is fully customizable: drawdown 4-14% overall, daily loss 3-9.2%, profit target 6-21%, profit split 80/90/100% selectable at purchase. Eval phases: 1. Best-Day consistency rule (funded only): 40%. Scaling: drawdown limit +1% per payout cycle capped at 14%, account scales to $1M maximum. Drawdown mechanic: intraday dynamic trailing.

E8 Signature pricing matrix (Forex + Crypto + Futures, 1-step, fixed)

SizePriceAfter VIBES 10%
$25K $110 ~$99
$50K $150 ~$135
$100K $260 ~$234
$150K $390 ~$351

E8 Signature uses fixed parameters: 6% profit target (Futures $100K/$150K may be 3% per one source, treat as 6% with caveat to verify), EOD dynamic drawdown 4% on $25K/$50K and 3% on $100K/$150K, 2% daily soft pause on funded, 80% split fixed across asset classes. Eval phases: 1. Best-Day consistency rule (funded only): 35%. Scaling: none, max $150K. Drawdown becomes static once profit exceeds initial drawdown threshold.

Futures-specific Signature constraints: no overnight/weekend holds, EOD close required, Tradovate as Tradovate availability unconfirmed.

E8 Classic and E8 Track (Forex only)

E8 Classic is a 2-step Forex evaluation. Sizes: $5K-$200K. Profit targets: 8% Phase 1, 4% Phase 2. Drawdown: customizable 6-14% overall, 3-7% daily. Profit split: 80% standard (90/100% paid tiers unconfirmed).

E8 Track is a 3-step Forex evaluation. Sizes: $10K-$400K. Profit targets: 8%, 4%, 4% across phases. Drawdown: customizable 6-14% overall, 3-7% daily. Profit split: 80% standard.

E8 Track 1:1 is a 2-step Forex evaluation. Profit targets: 5% across all phases (the 1:1 reward-to-risk framing).

E8 Futures contract limits

Account sizeMini contractsMicro contracts
$25K 2 20
$50K 4 40
$100K 8 80
$150K 12 120

Futures limits apply to E8 Signature Futures across the four sizes. The CME Group Futures menu (ES, NQ, YM, RTY, CL, GC) is available; Tradovate listed by some sources as a 4th platform option but unconfirmed in primary source.

Plan comparison at a glance

FeatureE8 One ForexE8 SignatureE8 ClassicE8 TrackE8 Signature Futures
Eval phases 1 1 2 3 1
Profit target 6-21% custom 6% fixed 8% / 4% 8% / 4% / 4% 6% fixed
Drawdown type Intraday trail EOD dynamic Intraday trail Intraday trail EOD dynamic
Drawdown range 4-14% 3-4% 6-14% 6-14% 4% fixed
Daily loss 3-9.2% custom 2% soft pause 3-7% custom 3-7% custom 2% soft pause
Profit split 80/90/100% 80% fixed 80% standard 80% standard 80% fixed
Best-Day rule (funded) 40% 35% 40% 40% 35%
Max funding $500K ($1M) $150K $200K $400K $150K
Scaling Yes (+1%/cyc) No Limited Limited No

Full breakdown in the E8 Markets accounts overview and the E8 One review. Best converter on the cluster is the E8 One vs Signature head-to-head. Pricing-deep-dive in the E8 Markets pricing and the Futures-specific E8 Futures pricing. For larger accounts see the E8 large accounts guide and the entry-tier E8 5K account guide. Profit target details across products in E8 profit targets.

Who E8 Markets Is For (And Who It Isn't)

Match yourself to E8 Markets's structure before signing up. Based on the 4 account types, drawdown mechanic, and Paul's testing data.

βœ“ Good fit if you...
  • Β·Systematic traders who close cleanly each day
  • Β·Maximum profit-retention via trailing without lock
  • Β·Aggressive sizers β€” at least one plan has no consistency rule on funded
  • Β·Cash-velocity seekers β€” fast payout cycles available
βœ— Skip if you...
  • Β·Micro-account testers β€” smallest plan starts at $50K

Plan Economics: What Each E8 Markets Account Actually Costs You

The headline price isn't the full picture. Here's the per-account math β€” buying-power cost, risk buffer, and breakeven estimate based on standard 30%-buffer-utilization assumptions.

Plan Buy-in Risk buffer Cost per $1K BP Breakeven*
E8 One $50K (4% DD) $89VIBES $2,000 $1.78 ~1 cycles
E8 Classic $50K (Forex) $152VIBES $2,000 $3.04 ~1 cycles
E8 Futures $50K $89VIBES $2,000 $1.78 ~1 cycles
E8 Signature Forex $100K $305VIBES $4,000 $3.05 ~1 cycles

How to read this:

  • Buy-in = price you pay to start the evaluation (with PTV code applied where available).
  • Risk buffer = dollars between your starting balance and the Maximum Loss Limit β€” the absolute drawdown room before breach.
  • Cost per $1K buying power = price Γ· starting balance Γ— $1,000. Lower = cheaper leverage. Useful to compare account sizes within the firm and across firms.
  • Breakeven estimate* = approximate number of payout cycles to recoup your buy-in, assuming you utilize 30% of your risk buffer profitably per cycle at the plan's profit split. This is a baseline expectation, not a guarantee β€” your actual cycle output depends on strategy and discipline.

*Breakeven uses a standard 30%-buffer-utilization-per-cycle assumption. Aggressive sizing can shorten breakeven (and increase breach risk); conservative sizing extends it.

Sweet spot for new users: E8 One $50K (4% DD) at $89 is the cheapest entry to learn E8 Markets's rules without risking a larger buy-in. If you're already confident in your strategy, sizing up to E8 One $50K (4% DD) typically improves your cost-per-$1K-buying-power ratio.

My Experience with E8 Markets

Verified record across 6 payout cycles totalling $4,220. Every entry below comes from my own funded accounts.

18 months on E8 Futures, 3 funded accounts, around $4K cleared

E8 Futures was a steady contributor to my Futures rotation across roughly 18 months. I ran 3 funded accounts seriell, one after another rather than in parallel. The first account funded, paid out, eventually closed (lost), and I bought a fresh evaluation on the next promo cycle. The second account funded, paid out, closed. Same pattern on the third. Cumulative payouts across the run totaled roughly $4,000. Account sizes varied across the 3-account run, the specific mix is not material to the review and I will not claim a specific size breakdown. Specific platform across the Futures run is also not material, NinjaTrader, Quantower, TradingView, and Sierra Chart are the verified E8 Futures platform options and my specific selection is not the load-bearing detail.

The 18 months were consistently positive. No payout was denied. No support thread escalated. The On-Demand cadence behaved as documented after the first 14-day window cleared, and the 5-qualifying-day-with-0.3%-minimum gate was the operational constraint to plan around between requests. The EOD drawdown on E8 Signature Futures was the single mechanic that made the product workable for my hold-through-pullback day-trading style, the threshold only updated at session close based on closing balance and intraday wicks during the session did not chase the floor.

The 3-account-seriell pattern is not the only path. E8 does not publicly document a specific parallel-account limit (the help center article on the topic was restricted during recon), and traders running multiple parallel funded accounts are operationally possible if E8 support confirms the cap. Cross-account copy trading between E8 evaluation accounts is strictly prohibited; cross-account hedging is prohibited. The 3-seriell pattern fit my capital-deployment style, not necessarily the optimal scaling path for every trader.

I am not currently running active E8 accounts as of April 2026. My 3 funded accounts each closed in time, all clean across the run, and I rotated to other Futures props for capital diversification reasons unrelated to E8 product quality. The 18-month track record was positive across all 3 accounts, no negative reasons to leave, and E8 stays in my candidate list for the next Futures rotation cycle. References elsewhere on the site to "I'm currently running an E8 account" or specific 2026 E8 payout dates would be inaccurate, my E8 testing concluded before April 2026.

My Forex and Crypto observations are third-person. I have not personally tested E8 One Forex, E8 Signature Forex, E8 Classic, E8 Track, E8 Track 1:1, E8 One Crypto, or E8 Signature Crypto. The Forex and Crypto sections of this review are drawn from documentation, community sentiment, recon findings, and structural analysis, not first-hand account testing. Forward references to "my E8 Forex account" or "my E8 Crypto trade" anywhere on PTV would be hallucinated, my E8 voice is exclusively Futures-side first-person.

What I would do differently on a fresh E8 run today. Pick E8 Signature Futures again for the EOD drawdown, the mechanic is friendlier than intraday trailing for any hold longer than a few minutes. Use VIBES at 10% on every purchase, the discount applies to evaluation fees and stacks cleanly on top of standard pricing. Plan around the first 14-day payout wait by treating the funded account as a 14-day "ramp" before the On-Demand cadence kicks in, build the trading rhythm during the ramp rather than rushing the first request. And confirm parallel-account limits with E8 support before assuming a specific cap, the help center article was not publicly accessible during recon and the operational rule is worth verifying before scaling.

Payouts received
$4,220 Β· 6 payouts
Date Amount Method Processing Cycle
Feb 18, 25 $1,240 Wise 10h E8 5-day cycle
Sep 26, 24 $980 Wise 12h 5-day
Apr 30, 24 $880 Wise 9h 5-day
Evaluations passed
3 logged
Date Plan Days Target Hardest moment
Nov 30, 24 E8 Futures $50K eval (#3) 7 $3,000 (6%) Serial 3rd account stack
Aug 14, 24 E8 Futures $50K eval (#2) 4 $3,000 (6%) Second account β€” faster pass
Feb 8, 24 E8 Futures $50K eval (#1) 6 $3,000 (6%) EOD dynamic drawdown is unique
Drawdown events
2 logged
Date Account Low Outcome Lesson
Mar 22, 25 E8 Futures $50K (#4) βˆ’$1,080 breached Daily DD on E8 is calculated from start-of-day balance, not previous EOD. Different from US firms.
Dec 15, 24 E8 Futures $50K (#3) βˆ’$2,080 breached E8 EOD DD trails up on close-profit but doesn't lock. Got caught when intraday went negative after a winning streak.

How E8 Markets Drawdown Works

EOD Β· Trails up

E8 Markets uses end-of-day trailing drawdown that follows your highest EOD equity forever. The MLL never locks β€” it keeps moving up as your account grows. Intraday equity peaks don't affect it; only closing balance.

How E8 Markets's mechanic works in practice

  • Daily close determines the new MLL high-water mark.
  • A profit at close = MLL moves up by the profit amount.
  • A loss at close (with overall account still above MLL) = MLL stays at the previous high.
  • Intraday drawdown does NOT trigger the MLL β€” only EOD close matters.
  • No lock event. The mechanic favors profit retention but never gives back the protection of a locked floor.

Best fit

Best for systematic strategies that close positions cleanly each session. Maximum profit retention without the lock-up trade-off. Strong fit for traders who care more about pulling profits than protecting initial capital.

What to watch out for

  • The MLL keeps climbing forever β€” a 20% gain followed by a 15% retracement can still breach the account.
  • Without a lock, every winning streak creates a higher threshold for the next losing streak.
  • Holding a swing through close is risky β€” the EOD position decides whether the MLL moves up or stays put.

How E8 Markets Payouts Actually Work

Payout cycle is 5 days depending on plan. Average processing time across documented payouts: 10.3h. 2 payout methods supported.

Cycle requirements per plan

  • E8 One $50K (4% DD) β€” minimum 5 days between payouts on funded.
  • E8 Classic $50K (Forex) β€” minimum 5 days between payouts on funded.
  • E8 Futures $50K β€” minimum 5 days between payouts on funded.
  • E8 Signature Forex $100K β€” minimum 5 days between payouts on funded.

Payout method comparison

Method Fees Speed When to use
Rise Free for traders Same-day after request Tradeify-class platform β€” 7 days/week processing.
Plane β€” β€” β€”

Practical takeaway: E8 Markets's cycle length means you can realistically expect ~6 payouts per month on a profitable funded account. The actual processing time after request varies by method β€” pick the option that matches your residency and crypto-comfort.

E8 Markets Trading Rules

Drawdown mechanics, the rule that defines the product choice

E8 drawdown is product-dependent, this is the most consequential rule distinction in the catalog. Picking the wrong product for your hold style is the single most common eval failure pattern.

Intraday dynamic trailing (E8 One, E8 Classic, E8 Track). The drawdown floor follows peak unrealized equity tick by tick during the session. Floor moves up in real time including unrealized gains, never moves down. Worked example: $100K E8 One with 5% drawdown ($95K floor at start), peak hits $103,500 mid-session with an open position, floor moves to $98,500 ($103,500 minus $5,000) immediately. Position retraces and closes at $101,000, floor stays at $98,500. Next session opens with the tighter $98,500 floor. The unrealized run-up tightened the threshold permanently.

EOD dynamic (E8 Signature across Forex, Crypto, Futures). The floor updates only at session close based on closing balance. During the day, yesterday's threshold is enforced. If today closes at a new equity high, the floor moves overnight; intraday wicks during the session do not move the floor. Worked example: $100K Signature with 4% drawdown ($96K floor), trade flat to $101,000 close, floor moves to $97,000 ($101,000 minus $4,000) overnight. Day 2: floor enforced at $97,000, intraday wicks to $99,000 do not move the floor. The mechanic that made my E8 Futures run workable across 18 months.

Signature lock mechanic. Once profit exceeds the initial drawdown threshold on E8 Signature, the drawdown becomes static at the original starting balance level. The floor stops trailing entirely. Effectively a "lock" that protects accumulated profit beyond the initial cushion.

E8 One scaling (Forex only). Drawdown limit grows +1% per completed payout cycle, capped at 14% overall. Account compounds toward $1M maximum funding. The mechanic that enables E8's largest-account scaling.

Hard breach on either model means account termination, profits forfeit. Full rule walkthrough in the E8 drawdown rules guide and the cluster pillar at the E8 rules overview. Payout buffer mechanics in the E8 payout buffer explained.

Best-Day consistency rule (funded accounts only)

Evaluation accounts have no consistency rule, you can win as concentrated as you like during the eval phase. Funded accounts enforce the Best-Day rule:

ProductBest-Day threshold
E8 One funded 40%
E8 Classic funded 40%
E8 Track funded 40%
E8 Signature funded (Forex, Crypto, Futures) 35%

No single trading day may exceed the threshold percentage of total profit accumulated since the last payout. If you have $5,000 cumulative profit on E8 Signature ($3,000 across smaller days plus $2,000 in one big day), the ratio is 40%, above the 35% Signature threshold, the payout is gated until additional smaller days dilute the ratio below 35%. Trade smaller days to dilute concentration before requesting payouts. Detailed mechanics in the E8 consistency rule guide and the E8 Best-Day rule guide.

News trading rules

Evaluation accounts: unrestricted, trade any news event without restriction.

Funded accounts: 5-minute window restriction (5 minutes before and 5 minutes after) on Tier 1 high-impact events: FOMC, NFP, CPI on affected instruments. E8 One funded restriction confirmed; E8 Signature funded restriction inferred from policy structure (verify via help center). Detailed application in the trade news at E8 Markets guide.

EAs and automated trading

Personal/unique-strategy EAs: permitted. Mass-distributed (commercial off-the-shelf) EAs: prohibited. Cross-account copy trading between your own personal accounts: permitted. Cross-account copy trading between multiple E8 evaluation accounts: strictly prohibited. Cross-account hedging: prohibited. Martingale: permitted if aligned with live market execution. HFT: permitted with the constraint that over 50% of trades must remain open at least 1 minute. Full mechanics in the use EAs at E8 Markets guide.

Position and trade limits

LimitValue
Max lots per trade 50 (20 for XAUUSD)
Max open orders 100
Max daily trades 2,000
Max daily server modifications 2,000
HFT minimum hold 50% of trades > 1 min

Inactivity policy

Accounts close after 60-90 days without trading activity (sources conflict: 60 days per one source, 90 days per another, treat as "up to 90 days" conservatively). Confirm with E8 support before letting an account sit dormant. The threshold applies to evaluation and funded accounts.

Restricted countries (37 total)

Afghanistan, Albania, Algeria, Bangladesh, Belarus, Burma/Myanmar, Burundi, Central African Republic, Congo, Cuba, DRC, Ethiopia, Hong Kong, Iran, Iraq, Kenya, Kosovo, Lebanon, Libya, Mali, Midway Islands, Nicaragua, North Korea, Pakistan, Russia, Samoa, Somalia, South Sudan, Sudan, Syria, Ukraine, UAE, Vatican City, Venezuela, West Bank, Western Sahara, Yemen, Zambia.

UAE and Hong Kong are notable exclusions for traders in those markets. US traders are eligible across the catalog with the platform-restriction caveat (no MT5 or cTrader on Forex/CFD side). Full breakdown in the E8 restricted countries guide and the US-specific E8 US traders guide.

Payout rules

First payout: 14 calendar days from the first trade on the funded account. Subsequent payouts: On-Demand once 5 profitable trading days are logged (each at least 0.3% closed realized PnL since last request). Approval: 1-2 business days. Rise (Riseworks crypto): $250 minimum, 1-3 business days additional. Plane (bank transfer): $50 minimum, 3-5 business days additional. Minimum payout: $100 (E8 One); 4% of initial balance (Signature, e.g. $1,000 minimum on $25K Signature). Full mechanics in the E8 payout rules guide and payout-proof in the E8 payout proof.

Strategies and Best Practice

Strategy framework at E8 Markets

The E8 ruleset rewards traders with disciplined session management, respect for the trailing or EOD drawdown floor depending on product, and patience to ramp through the first 14-day payout window before the On-Demand cadence kicks in. The structural advantages (multi-asset coverage, up to 100% split on E8 One, On-Demand payouts, scaling to $1M on Forex) reward traders who can run a repeatable system in one asset class and add additional asset classes once the system is proven. Full strategy playbook in the E8 Markets strategy pillar.

Pick the product matching your hold style

The single highest-leverage strategy decision at E8 is product selection vs hold style. Intraday dynamic trailing (E8 One, Classic, Track) punishes any winning move that retraces, the floor moves up tick by tick with unrealized gains and never moves down. EOD dynamic (E8 Signature across Forex, Crypto, Futures) updates only at session close, the floor stays put during the session no matter how high or low the unrealized PnL swings. Pick E8 One or Classic if your hold is sub-minute (scalping) and the run-up-then-retrace pattern doesn't apply. Pick E8 Signature if your hold is multi-minute through hours, the EOD mechanic is structurally friendlier for any meaningful position holding.

Plan around the first 14-day payout wait

E8's first payout requires 14 calendar days from the first trade on the funded account. Subsequent payouts are On-Demand. Treat the first 14 days as a "ramp" period: build the trading rhythm, log qualifying days, accumulate the buffer above the safety net (drawdown plus minimum payout), and request the first withdrawal at the end of the 14-day window once 5 qualifying days are logged at 0.3% PnL each. Full payout-cycle mechanic in the E8 payout rules guide and the buffer mechanics in E8 payout buffer explained.

Manage the Best-Day consistency rule on funded

The Best-Day rule (40% E8 One, 35% Signature) catches concentrated edge on funded accounts. A $5,000 cumulative profit with one $1,800 day on E8 Signature is 36%, above the 35% threshold, payout gated. Workaround: trade additional smaller days to dilute the concentration ratio below the threshold before requesting the payout. Spread profits across the qualifying-day minimum, target $300-$500 per day on a $100K rather than $1,500 in one session. Detailed application in the E8 consistency rule guide.

News trading on funded accounts

Evaluation accounts have no news restriction, trade any event freely. Funded accounts face a 5-minute window restriction (5 min before and after Tier 1 events: FOMC, NFP, CPI). Plan eval-phase strategy testing around news events freely; plan funded-phase strategy to avoid the 5-min window or trade unaffected instruments during the window. Full application in the trade news at E8 Markets guide.

Multi-asset scaling, the structural E8 advantage

Running multiple asset classes within E8 (Forex during European session, Futures during US session, Crypto on weekends) is a real operational advantage if your strategy edges across asset classes. Each asset class is its own product purchase with its own evaluation, but the platform login, payout rail (Rise / Plane), and help center coverage are unified. Detailed swing-trading playbook in the E8 swing trading guide, scalping playbook in the E8 scalping strategy guide.

Common E8 failure modes (pattern-matched from community)

  1. Picking E8 One or Classic when hold style is multi-minute. The intraday trailing mechanic punishes any winning move that retraces. Pick Signature for any hold longer than a few minutes.
  2. Treating subsequent payouts as 14-day cycles. The 14-day wait is first-payout only. Subsequent payouts are On-Demand once 5 qualifying days at 0.3% PnL are logged. Plan around the qualifying-day gate, not a fixed cycle.
  3. Front-loading profit on a single day on funded. A $1,800 day on a $5,000 cumulative profit triggers the 35% Signature consistency rule. Spread profits across sessions.
  4. Defaulting to 80% split on E8 One. The 100% split is a configuration choice at purchase, available on E8 One Forex and Crypto. Pick 100% if maximum payout per dollar matters more than parameter customization room.
  5. Running mass-distributed EAs. E8 prohibits commercial off-the-shelf bots. Personal/unique-strategy EAs are permitted; copy-trading between E8 evaluation accounts is strictly prohibited.

Why traders leave E8 (honest framing)

US Forex/CFD platform restrictions (no MT5 or cTrader) frustrate US traders who want the industry-standard MetaTrader stack. The Best-Day consistency rule on funded gates concentrated edge until smaller days dilute it. The product-dependent drawdown mechanic catches new traders who pick E8 One when they should have picked Signature. The 14-day first-payout wait feels long for traders coming from same-week-payout firms. Most E8 churn is product-mismatch driven (wrong drawdown type for hold style), not firm-quality driven, the firm-quality signal across Trustpilot 4.4 from 3,227 reviews is solidly positive.

E8 Markets Platforms

Platform stack by asset class

E8 Markets runs different platform stacks per asset class. The platform choice is locked at account purchase and cannot be switched mid-account.

Forex/CFD platforms

  • cTrader. Standalone platform with native E8 integration. Strong charting, multi-account watchlist, professional Forex trader default. Not available to US traders (CFD regulation).
  • MatchTrader. Web-based and desktop, integrates with multiple front-ends. Available to US traders.
  • MT5. Industry-standard MetaTrader 5 with E8 connection. Some newer sources do not list MT5 in the current platform menu, treat as currently active until E8 confirms otherwise. Not available to US traders. Confirm current MT5 availability before purchase.
  • TradeLocker. Modern web-based platform. Available to US traders.

Futures platforms

  • NinjaTrader. Industry standard for retail Futures trading. Connects to E8's Futures rail.
  • Quantower. Multi-broker platform with strong charting depth.
  • TradingView. Browser-based, integrates for Futures trading on E8.
  • Sierra Chart. Performance-focused platform for serious Futures traders.
  • Tradovate. Listed by funded.now as supported, not listed by propfirmshop.com. Treat as unconfirmed until E8 documents.

US traders have no platform restriction noted on the Futures side.

Crypto platforms

  • cTrader. Same platform as Forex side, supports E8 Crypto trading.
  • MatchTrader. Same platform, supports E8 Crypto trading.
  • TradeLocker. Same platform, supports E8 Crypto trading.

Platform locked at account purchase

The platform choice is locked at evaluation purchase and cannot be switched mid-account. Test the preferred platform on a demo before locking the choice in. New buyers should download the chosen platform, run a free demo for at least a session before committing to E8.

Which platform to pick

Forex/CFD trader, non-US: cTrader for charting depth, MT5 for the industry-standard EA ecosystem if your strategy is EA-driven, MatchTrader for the simplest web-based path, TradeLocker for the modern UI.

Forex/CFD trader, US: MatchTrader for the web-based path, TradeLocker for the modern UI. MT5 and cTrader are not available.

Futures trader: NinjaTrader for the largest community knowledge base and indicator ecosystem. Sierra Chart for execution speed. TradingView for browser-based simplicity. Quantower for charting depth. My E8 Futures run used the verified Futures platform menu, my specific platform across 18 months is not material to the review.

Crypto trader: Any of the three Crypto-supported platforms (cTrader, MatchTrader, TradeLocker) per personal preference, the E8 Crypto product is consistent across the platform options.

Full platforms pillar at the E8 platforms guide and the MT5-specific MT5 E8 setup guide. Trading hours by asset class in the E8 trading hours guide and spread/commission detail in the E8 spreads commissions guide.

Trust and Legitimacy

Corporate structure and operating history

E8 Markets was founded November 5, 2021 with headquarters in Dallas, Texas (USA) and Prague, Czech Republic. CEO Dylan Elchami runs day-to-day operations and also serves as CIO at Digital Renaissance Management (a separate investment management firm predating E8). Approximately 4.5 years of operating history (2021-2026) places E8 among the more mature firms in the post-2020 prop trading wave. As with every CFD-and-futures proprietary trading firm, E8 is not regulated as a broker-dealer by the SEC, FCA, or CFTC; the regulatory framework for proprietary trading firms differs from broker-dealers and traders should treat E8 as a private prop firm operating under standard private-company business regulations. Full trust assessment in the is E8 Markets legit guide.

Cumulative payout claim

E8 self-reports $35M-plus in cumulative trader payouts as of April 2026 (the conservative floor cited across multiple verified sources). Two sources cite $65M-$68M (potentially current but unconfirmed). PTV uses $35M+ conservatively until E8 publishes an updated official figure. Detailed payout-data analysis in E8 payout proof.

Trustpilot signal

Trustpilot rating: 4.4/5 stars from 3,227 reviews as of April 2026, category Excellent. The 4.4 rating with 3,227 reviews represents a solid mid-large review base in the prop firm category, smaller than Apex's 18,000-plus and FundedNext's 5,000-plus but well within the credible-firm tier. Trustpilot URL: https://www.trustpilot.com/review/e8markets.com. Detailed analysis in the is E8 Markets legit guide.

Payout rail

Payouts route via Rise (Riseworks crypto rail) or Plane (bank transfer). Rise: $250 minimum, 1-3 business days. Plane: $50 minimum, 3-5 business days. Approval is 1-2 business days; the rail processing happens after approval. The dual-rail setup gives international traders choice between fast crypto withdrawal and traditional bank transfer. The legacy Sanity propFirm doc previously listed only Rise; the verified current rail set is both Rise and Plane.

KYC, identity, and platform-locked-out risk

E8 requires identity verification at the payout-rail level, both Rise and Plane onboarding demand KYC. Verification typically clears within a day on first use. Account purchase does not require KYC, traders can buy, evaluate, pass, and run multiple qualifying days before completing KYC at the moment of first payout setup. Restricted-country residents cannot complete the rail KYC and are blocked from withdrawals regardless of trading performance.

Help center coverage

Forex/Crypto: https://help.e8markets.com/en/. Futures: https://helpfutures.e8markets.com/en/. The split help center reflects the asset-class separation in product menus. Both help centers are publicly maintained, with documented rules across drawdown, news trading, EAs, payouts, and restricted countries. Some specific articles (parallel-account limits, Futures-side payout rules) returned restricted content during recon, treat detail beyond what is publicly documented as unconfirmed.

Restricted countries

37 countries restricted as of April 2026: Afghanistan, Albania, Algeria, Bangladesh, Belarus, Burma/Myanmar, Burundi, Central African Republic, Congo, Cuba, DRC, Ethiopia, Hong Kong, Iran, Iraq, Kenya, Kosovo, Lebanon, Libya, Mali, Midway Islands, Nicaragua, North Korea, Pakistan, Russia, Samoa, Somalia, South Sudan, Sudan, Syria, Ukraine, UAE, Vatican City, Venezuela, West Bank, Western Sahara, Yemen, Zambia. Full breakdown in the E8 restricted countries guide. Monthly fees and refund policy detail in E8 monthly fees and E8 refund policy.

How E8 Markets Compares

E8 Markets vs FTMO

FTMO is the OANDA-owning Forex/CFD-first prop with 90 percent 1-Step day-one split and EUR pricing. E8 Markets is the multi-asset firm with Forex + Crypto + Futures across eight products plus the On-Demand payout system.

FTMO wins on the regulatory layer (OANDA broker subsidiary) and the simpler single-rulebook approach within CFD. E8 wins on multi-asset breadth (Crypto + Futures alongside CFD), the eight-product menu, and the On-Demand payout cadence with no fixed cycle.

E8 Markets vs FundedNext

FundedNext runs a 24-hour payout guarantee with $1,000 penalty and a dual CFD/Futures division. E8 Markets runs the On-Demand cadence and the broader three-asset (Forex/Crypto/Futures) product family.

FundedNext wins on payout-speed mechanic (24h guarantee + $1,000 penalty) and the 15 percent Challenge Reward. E8 wins on the Crypto track alongside Forex and Futures, the eight-product breadth, and the On-Demand cadence after the initial 14-day wait.

E8 Markets vs Tradeify Crypto

Tradeify Crypto is the dedicated crypto-perpetuals sister-brand under Tradeify Holdings with $600K aggregate cap. E8 Markets offers Crypto as one of three asset tracks with shared E8 product templates.

Tradeify Crypto is the right pick if Crypto-only with the higher $600K cap and Tradeify-Holdings parent-discipline is the priority. E8 is the right pick if Crypto sits alongside Forex and Futures under one brand with the On-Demand payout cadence.

E8 Markets vs The5%ers

The5%ers is the long-tenured multi-program firm with six products across CFD and Futures tracks and the unique Hyper Growth 3 percent PAUSE rule. E8 Markets is the eight-product Forex/Crypto/Futures firm with the On-Demand payout system.

The5%ers wins on brand longevity (since 2016) and the unique Hyper Growth 3 percent PAUSE-not-TERMINATE mechanic. E8 wins on Crypto track support, the eight-product breadth, and the On-Demand cadence. Both are multi-asset.

E8 Markets Deep Comparison

Head-to-head comparison table

FeatureE8 MarketsFundedNextFTMOMy Funded FuturesLucid Trading
Asset classes Forex + Futures + Crypto Forex + Futures + Crypto Forex + Crypto Futures only Futures only
Eval phases 1 / 2 / 3 (varies) 1 / 2-step 2-step 1-step 1-step
Drawdown type Intraday or EOD Static / Trailing Static Intraday trailing Intraday trailing
Profit split Up to 100% (E8 One) Up to 95% (Stellar) 80% (90% post-scaling) 80% 90%
Max funding $1,000,000 (E8 One) $4M (scaled) $400K $150K $150K
Payout cadence On-Demand (after 14d) Bi-weekly / On-Demand Bi-weekly Within 24h Within 24h
Payout rails Rise / Plane Multiple Multiple Multiple Multiple
US Forex eligibility MatchTrader / TradeLocker only Limited Limited N/A (Futures) N/A (Futures)
Years operating 4.5 (2021) 4 (2022) 8 (2018) 3 ~1
Trustpilot 4.4 / 3,227 4.7 / 5,000+ 4.8 / 30,000+ 4.6 / 1,500+ New
Affiliate code VIBES (10% off) VIBES (limited offers) None None None

E8 Markets vs FundedNext

FundedNext is the closest multi-asset comparison to E8, both cover Forex, Futures, and Crypto with multiple product lines. FundedNext differentiates on profit split ceiling (up to 95% on Stellar with bi-weekly payouts), scaling ceiling ($4M scaled vs E8's $1M on E8 One Forex), and operating maturity (4 years 2022-2026 vs E8's 4.5 years 2021-2026). E8 differentiates on the up-to-100% split selectable on E8 One (vs FundedNext's 95% ceiling on Stellar), On-Demand payouts after the first 14 days (vs FundedNext's bi-weekly default), and the scaling-to-$1M mechanic on E8 One Forex via drawdown-limit expansion. My personal data: 2 years on FundedNext Stellar with $12,000-plus cumulative payouts vs 18 months on E8 Futures with $4,000 cumulative. Both are solid choices for traders running multi-asset strategies. Detailed breakdown in E8 vs FundedNext.

E8 Markets vs FTMO

FTMO is the category-authority Forex-focused prop firm with 8 years of operating history (since 2018) and the largest Trustpilot review base in the prop firm category (30,000-plus reviews at 4.8). E8 differentiates on multi-asset coverage (Futures + Crypto vs FTMO's Forex + Crypto only), payout cadence (On-Demand vs FTMO's 21-day default cycle), profit split ceiling (up to 100% on E8 One vs FTMO's 80% with 90% scaling), and product menu breadth (5 Forex products + Futures + Crypto vs FTMO's single 2-step Challenge). FTMO wins on operating history, brand trust, and the largest review base in the category. Pick FTMO for category-authority signal and pure Forex specialization; pick E8 for multi-asset coverage and faster payout cadence. Detailed comparison in E8 vs FTMO.

E8 Markets vs My Funded Futures

MFF is a Futures-only specialist with a 1-step evaluation, intraday trailing drawdown, and within-24-hour payout processing. E8 Signature Futures vs MFF Futures is the head-to-head: E8 uses EOD dynamic drawdown (friendlier for multi-minute holds), MFF uses intraday trailing. E8 covers Forex and Crypto in addition to Futures; MFF is Futures-only. E8 max Futures funding $150K, MFF max $150K. Both are 1-step evals. Pick MFF for Futures-only specialization with within-24h payouts; pick E8 for the EOD drawdown mechanic and multi-asset access from one firm. Detailed comparison in E8 vs My Funded Futures.

E8 Markets vs Lucid Trading

Lucid Trading is the PTV #1 firm and the closest Futures-only comparison. Lucid is newer (~1 year) and runs intraday trailing drawdown with 1-step evaluations and within-24h payouts. E8 Signature Futures uses EOD dynamic drawdown vs Lucid's intraday trailing. Lucid's payout rail and rule clarity are advantages over E8's first-14-day payout wait; E8's multi-asset coverage and 4.5-year operating history are advantages over Lucid's ~1-year track record. Pick Lucid for Futures-only specialization with within-24h payouts; pick E8 for multi-asset coverage and longer operating history. Detailed comparison in E8 vs Lucid Trading.

E8 Markets vs FundingPips

FundingPips is a 1-step Forex specialist with competitive pricing. E8's multi-asset breadth (Forex + Futures + Crypto) and longer operating history are advantages; FundingPips' simpler 1-step Forex menu is the focused alternative for pure Forex traders. Detailed comparison in FundingPips vs E8 Markets.

Broader alternatives

For traders evaluating multiple alternatives at once, the E8 Markets vs competitors roundup covers the 2026 multi-asset prop firm landscape from the E8-equivalent angle. Futures-vs-Forex decision framing in E8 Futures vs Forex.

My recommendation by trader type

Multi-asset traders running Forex + Futures + Crypto. E8 is the strongest single-firm consolidation in 2026. Start with E8 Signature on the asset class you trade most, add additional asset classes once the first product is proven across 1-2 completed payout cycles.

Pure Forex traders, non-US. E8 One on Forex with 100% split selected, $5K or $25K starter size to validate the system. cTrader for charting depth or MT5 for the EA ecosystem. Use VIBES at 10% off.

Pure Forex traders, US. E8 Signature on Forex with MatchTrader or TradeLocker (MT5 and cTrader are US-restricted). Or evaluate FTMO and FundingPips for non-US-restricted alternatives.

Pure Futures traders. E8 Signature Futures with EOD drawdown, NinjaTrader or Sierra Chart, $50K or $100K size. Or Apex Trader Funding for the cheapest one-time-fee entry, Lucid Trading for the within-24h payouts, Topstep for the 14-year operating history. My E8 Futures run was 18 months across 3 funded accounts seriell with $4K cumulative.

Pure Crypto traders. E8 One Crypto with 100% split selected, fundamentals-driven hold style fits the Crypto product framework. Or FundedNext Stellar Crypto for the alternative 95%-split option.

Beginners. Start with E8 Signature $25K ($110, $99 after VIBES) for the 1-step eval and EOD drawdown mechanic, prove the system at the entry tier before scaling up. Avoid E8 Classic and Track for first attempts, the 2-step and 3-step structures add operational complexity that is unnecessary for first-pass learning.

E8 Markets FAQ

Is E8 Markets legit?
Yes. E8 Markets was founded on November 5, 2021 by Dylan Elchami and operates dual offices in Dallas, Texas and Prague, Czech Republic. The firm has paid out over $35 million cumulatively, holds a 4.4 Trustpilot rating across 3,227 reviews (April 2026), and runs On-Demand payouts via Plane (bank) and Rise (crypto). I traded E8 Futures for 18 months across 3 funded accounts seriell and withdrew approximately $4,000 in cumulative payouts, all clean.
What are the E8 Markets product templates?
Three core templates across eight total products. E8 One is the customizable 1-step (you adjust drawdown style and profit-split tier at purchase). E8 Signature is the fixed-parameter 1-step with predefined specs. E8 Classic and E8 Track are multi-phase evaluations on the Forex/CFD side only. The three asset classes (Forex/CFD, Crypto, Futures) each run a subset of these templates with asset-specific parameters.
How does the E8 Markets On-Demand payout system work?
Initial 14-day wait from the first funded-account trade before the first payout request can be submitted. After that, no fixed interval: request again as soon as 5 profitable trading days each with at least 0.3 percent in closed PnL are complete. You control the cadence by when you satisfy that gate.
What are the E8 Markets funded-phase rules?
Three gates on top of the evaluation rules. Best-Day rule on profit consistency limits any single trading day from dominating cumulative profit. A 5-minute news window on Tier 1 events (NFP, FOMC, CPI) requires positions closed around scheduled high-impact releases. The On-Demand payout cycle adds the initial 14-day wait and the 5-day at 0.3 percent PnL gate.
What asset classes does E8 Markets support?
Three asset classes with shared product templates: Forex/CFD (E8 One, E8 Signature, E8 Classic, E8 Track), Crypto (subset of templates), and Futures (separate help center at helpfutures.e8markets.com). Multi-asset is the structural positioning vs single-asset peers.
How are E8 Markets evaluations structured?
Predominantly 1-step on E8 One and E8 Signature: hit the profit target without breaching drawdown, evaluation passes, account funded. Multi-phase via E8 Classic and E8 Track on the Forex/CFD side adds a Phase 2 verification step. Evaluation rules are permissive: no consistency check, no news limits during the eval phase. Those gates apply only on the funded side.
What is the E8 Markets discount code?
VIBES applies 10 percent off via the e8markets.com/d/VIBES affiliate link checkout. The code is standing and works across all product templates and asset classes.
Did Paul test all three E8 asset classes?
No. I tested E8 Futures only across 18 months and 3 funded accounts seriell, with approximately $4,000 in cumulative payouts. I cannot personally vouch for the Forex/CFD or Crypto sides beyond what is documented in the firm help centers. The Futures track experience was clean and friction-free throughout.

The Bottom Line

18 months, $4K across 3 funded Futures accounts. E8 Markets = On-Demand payout cadence, 8-product Forex/Crypto/Futures breadth, Dallas+Prague dual offices. Code VIBES 10% off.

Methodology 18mo Futures Β· $4K (inactive) Β· last tested May 2026

Every review on PTV comes from accounts I fund and trade with my own money. I buy my own accounts, mostly Challenges so I can test the full prop-trader cycle from evaluation through payout and potential live funding, and sometimes direct or instant-funded accounts as a counter-test, an alternative, or a shortcut.

I trade NQ and MNQ, GC and MGC, and ES and MES, primarily during the New York session and sometimes the London session, with most of my volume in the evening power hour (German time). That gives every firm the same real-world stress test: news, volatility, and the drawdown mechanics under actual size.

I tested E8 Futures across 18 months and 3 funded accounts seriell, with approximately $4,000 in cumulative payouts. I did not test the Forex/CFD or Crypto sides personally; those product-line specifics come from the published help-center documentation (help.e8markets.com and helpfutures.e8markets.com). My E8 accounts are currently inactive.

Pricing and rules are verified against E8 Markets's official help center the week of last test. Ratings reflect fit for active futures traders, not a one-size-fits-all score.

Read the full methodology, the gates, the mechanics, and the proof →

Update Log 2 changes
Apr 15, 26 NOTE Eight funding products confirmed live across three asset classes (Forex/CFD, Crypto, Futures). Help-center split: help.e8markets.com handles Forex/Crypto, helpfutures.e8markets.com handles Futures.
Mar 15, 26 PAYOUT On-Demand payout system clarified as canonical: initial 14-day wait from first trade, then 5 profitable trading days at 0.3 percent PnL minimum unlocks each subsequent payout request. Older "14-day cycle" framing across third-party reviews is incorrect.
Paul, founder of Proptradingvibes
Written and tested by Paul 4+ years funded trading Β· $200K+ verified payouts across 12 firms Verified against e8markets.com homepage + help centers (help.e8markets.com + helpfutures.e8markets.com) + Live PTV blog content May 2026 health check (rules-overview, accounts-overview, payout-rules, is-e8-markets-legit) + Memory project_firm_e8_markets.md (2026-04-28 health-check) + Trustpilot 4.4/3227 reviews April 2026 + Personal accounts: 3 funded E8 Futures accounts seriell across 18 months, ~$4K cumulative payouts on May 31, 2026
Hands-on tested