Scalping
Scalping is welcome at both firms, though with different technical constraints. Cashed has no minimum holding time, allowing for ultra-short duration trades, provided the trader does not exploit stale prices or technical errors. Its proprietary platform supports up to 100 simultaneous positions. E8 Markets Perpetuals also allows scalping on its E8 Terminal, but it enforces a specific rule: no more than 50% of total trades can be held for less than one minute. For high-frequency scalpers, E8’s Hyperliquid feed offers professional-grade execution, while Cashed traders benefit from high leverage (up to 10:1 on BTC/ETH) and a lack of specific "consistency" hurdles in the evaluation phase.
Swing Trading and Weekend Holding
For traders who hold positions over several days, both firms are highly compatible with crypto's 24/7 nature. Cashed allows overnight and weekend holding as long as the market remains tradable, and notably, it currently operates a "swap-free" environment where recurring funding payments are not debited. Its static drawdown is ideal for swing traders because the "floor" never rises with profits, giving positions more room to breathe. E8 Markets Perpetuals also supports 24/7 trading. However, swing traders must choose carefully: the "One Perpetual" plan uses a 6% dynamic drawdown which trails profit, while the "Pro Perpetual" offers an 8% static drawdown, which is much safer for long-term holds.
News Trading
The approach to high-volatility events creates a sharp divide between these firms. Cashed allows news trading without specific restricted windows, making it a better fit for event-driven traders. In contrast, E8 Markets Perpetuals has split rules: while news trading is allowed in the "Pro" version and all evaluation stages, it is strictly prohibited in the "One Perpetual" performance (funded) accounts. In those accounts, opening or closing trades within five minutes of high-impact news results in a violation.
Automated Trading (EA) and API
Algorithmic traders will find different levels of support here. Cashed allows bots and algorithmic execution subject to API limits, though it prohibits latency exploitation and "spamming" the server. It is a "KYC-lite" firm, which may appeal to developers seeking privacy. E8 Markets Perpetuals allows EAs but explicitly prohibits High-Frequency Trading (HFT) and "Irresponsible Trading." Furthermore, E8 forbids multiple users from using the same EA, meaning commercial bot users might face issues if the firm detects identical trade patterns across different accounts.
Copy Trading
If you prefer to replicate trades across multiple accounts, both firms offer options but with limitations. Cashed allows copy trading only between accounts owned by the same person and requires the use of their authorized built-in copier. It is strictly forbidden on shared accounts. E8 Markets Perpetuals allows copy trading more broadly but prohibits "external account management," meaning you must be the one executing the trades or owning the accounts being copied.
Hedging and Coordinated Strategies
Both firms allow hedging within a single account (where the platform engine supports it) but are very strict about cross-account strategies. Cashed prohibits coordinated opposite positions across different accounts to guarantee passing or payouts. E8 Markets Perpetuals similarly bans hedging across multiple accounts. Both firms have "anti-abuse" rules that prohibit "all-or-nothing" strategies or "wash trading" designed to manipulate simulated environments.
If you trade like this
- If you are a high-volume scalper: E8 Markets Perpetuals is superior due to the Hyperliquid data feed, provided you keep your sub-one-minute trades below 50% of your total volume.
- If you want the lowest risk of drawdown breach: Cashed is the better choice because all its accounts use static drawdown, and the "Build Your Own" feature allows you to customize your loss limits.
- If you trade the news: Cashed is the only choice that allows unrestricted news trading across all its account types.
- If you use commercial EAs: Cashed is safer as it lacks the specific "same EA across multiple users" restriction found at E8, though you must still stay within API limits.
Frequently asked questions
Which firm is cheaper to start an evaluation, Cashed or E8 Markets Perpetuals?
Cashed is significantly more accessible for beginners, offering "Flex" and "Instant" accounts starting at just $5 for a small capital size. E8 Markets Perpetuals' cheapest entry point is the $5,000 "Pro Perpetual" account, which costs $32. While E8 offers refundable fees on its Pro plan, Cashed allows traders to test their strategies with much lower upfront capital.
Who offers faster payouts, Cashed or E8 Markets Perpetuals?
E8 Markets Perpetuals offers the fastest potential frequency through its Pro Perpetual plan, which allows for daily payout requests. Cashed offers "Instant" accounts where the first payout can be requested after reaching 1% profit with no waiting period, and subsequent payouts every 48 hours. However, for standard evaluation accounts, Cashed payouts are on-demand but require all positions to be closed, whereas E8 Pro is designed for daily liquidity.
Does Cashed or E8 Markets Perpetuals have more restrictive drawdown rules?
It depends on the plan, but Cashed is generally more predictable because it only uses static drawdown, which stays fixed at the starting capital level. E8 Markets Perpetuals offers a choice: the "One Perpetual" plan uses a dynamic drawdown (6%) that trails your highest equity, which is more restrictive for traders who let profits run. However, the E8 "Pro" plan offers an 8% static drawdown, which is more generous than Cashed's standard 6% or 7% limits.
Which firm allows more crypto leverage, Cashed or E8 Markets Perpetuals?
Cashed offers higher leverage for major cryptocurrencies, providing up to 10:1 on BTC, ETH, and SOL. E8 Markets Perpetuals offers up to 15:1 on Bitcoin and Ethereum, which is higher for those two specific assets, but drops significantly to 2:1 for all other cryptocurrencies. Cashed provides a more consistent 5:1 on "major" cryptos beyond just BTC and ETH, making it more flexible for altcoin traders.
