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Futures Firms Comparator

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E8 Market Futures logoE8 Market Futures
Halcyon Trader Funding logoHalcyon Trader Funding
Headquarters

100 Crescent Ct, Unit 700, Dallas, Texas 75201, US

CEO

Dylan Elchami

Steve A. Kubik

Country

United States

United States

Foundation

2021

2024

Banned Countries
Afghanistan, Albania, Algeria, Angola, Antarctica, Bahamas, Barbados, Belarus, Bosnia & Herzegovina, Botswana, Bulgaria, Burkina Faso, Burma (Myanmar), Burundi, Cambodia, Cameroon, Central African Republic, Chad, China, Congo, Côte d'Ivoire, Crimea, Croatia, Cuba, Democratic Republic of Congo, Djibouti, Ethiopia, Ghana, Gibraltar, Guinea-Bissau, Haiti, Iceland, Indonesia, Iran, Iraq, Jamaica, Jordan, Kenya, Kosovo, Laos, Lebanon, Lesotho, Liberia, Libya, Macedonia, Malawi, Mali, Mauritius, Mongolia, Montenegro, Mozambique, Myanmar, Namibia, Nicaragua, Nigeria, North Korea, Pakistan, Palestine, State of, Panama, Papua New Guinea, Philippines, Qatar, Romania, Russia, Rwanda, Senegal, Serbia, Sierra Leone, Slovenia, Somalia, South Africa, South Sudan, Sri Lanka, Sudan, Syria, Tajikistan, Tanzania, Timor-Leste, Trinidad and Tobago, Tunisia, Turkey, Uganda, Ukraine, United Arab Emirates, Venezuela, Vietnam, Yemen, Zambia, Zimbabwe
Afghanistan, Central African Republic, Congo (Brazzaville), Congo (Kinshasa), Cuba, Guinea-Bissau, Iran, Iraq, Korea, North, Libya, Mali, Russian Federation, Somalia, South Sudan, Sudan, Syria, Venezuela
Assets
Futures
Futures
Brokers
Ironbeam, Rithmic
Payout Fee

E8 charges no payout fee. WorkMarket or Rise may charge a processing fee depending on the selected withdrawal method.

Platforms
Tradovate
Tradingview, Volumetrica, ATAS, Quantower, Onyx, Tradesea, WealthCharts
Payout Methods
Transfer, Crypto, Rise
Rise, Crypto
Live Account
Payment Methods
Card, Crypto
Card, Crypto
Payout Frequency
  • Signature Futures: on demand once all payout requirements are met.
  • Zero Starter and Zero Max: daily, minimum $100.
  • 6 qualifying trading days are required before each reward request
  • All 6 days must meet the applicable Minimum Daily Profit Requirement
  • Lite/Prime minimums: $100 for 25K, $200 for 50K and $350 for 150K
  • Dynamic minimums: $200 for 50K, $275 for 75K, $325 for 100K and $400 for 150K
  • After each approved reward, all qualifying trading days reset to zero
  • No payout window: requests can be submitted whenever the dashboard shows an eligible reward amount
  • Processed first-in, first-out, up to 3 business days
Maximum Withdrawal

E8 Signature Futures

Payout $25K $50K $100K $150K
1st–2nd $1,000 $1,250 $2,250 $3,250
3rd–4th $1,250 $2,250 $3,250 $4,250
5th $1,500 $3,250 $4,250 $5,250

E8 Zero Starter

  • $50K: $1,000
  • $100K: $1,600
  • $200K: $2,100

E8 Zero Max

  • $50K: $3,000
  • $100K: $5,000
  • $200K: $7,000

Signature Futures and Zero allow a maximum of 5 payouts per account; after the fifth, the account closes and a free Challenge of the same size is issued.

Lite and Prime

  • 25K: 50% of profits, up to $1,000 per reward
  • 50K: 50% of profits, up to $2,000 per reward
  • 150K: 50% of profits, up to $3,000 per reward

Dynamic

  • 50K: up to $1,250 per reward
  • 75K: up to $1,550 per reward
  • 100K: up to $2,000 per reward
  • 150K: up to $3,000 per reward

Maximum 5 approved rewards per account. After the 5th reward, the account may be reviewed for transition to the TLT Program or a Live Brokerage account.

Minimum Withdrawal

$100

Minimum reward request: $250. Lite, Prime and Dynamic Reward Accounts only need net profit above their starting balance; there is no buffer to clear.

Other Payout Requirements

Payouts require successful onboarding and KYC with WorkMarket or Rise. If neither provider accepts the trader, E8 cannot process the payout.

Commission
  • Based on the default (free) membership tier of platform partners.
  • Fees include: exchange, NFA, clearing and platform commission.
  • Calculated per contract, per round trip.
  • Micro contracts generally have lower fees than mini contracts.
Account Reset

After an account fails, a 10% discount is available for 7 days to retry the same account size and settings.

  • Unlimited resets available for a fee (via the Trader Dashboard).
  • Restores a fresh account balance with all risk parameters reset.
Add-ons
Instant
One Step
Account scaling
Max Drawdown

EOD Dynamic Drawdown based on the highest end-of-day balance. Intraday equity does not move it. It locks permanently at the initial balance level.

Halcyon Lite (Intraday Trailing)

  • $25K: $1,000 | $50K: $2,000 | $150K: $4,000
  • Tracks Total Liquidation Value including unrealized profits
  • Locks permanently at starting balance + $100 after the first approved reward

Halcyon Prime (End-of-Day)

  • $25K: $1,000 | $50K: $2,000 | $150K: $4,500
  • Updates only at end of trading session based on closing balance
  • Locks permanently at starting balance + $100 after the first approved reward

Halcyon Dynamic

  • Evaluation: $2,000 on the 50K account; Intraday or End-of-Day selected at purchase
  • Reward: $2,000 on 50K | $2,500 on 75K | $3,000 on 100K | $4,000 on 150K
  • Reward drawdown can be Intraday or End-of-Day, independently of the evaluation choice
  • Locks permanently at starting balance + $100 after the first approved reward
Profit Split
  • Signature Futures: 80%.
  • Zero Starter/Max: 80% base; 100% can be selected at checkout.

90/10 profit split on all Lite, Prime and Dynamic Reward Accounts. Trader keeps 90%, firm keeps 10%.

Free Trial
dailyDrawdown
  • Signature Challenge: none.
  • Signature Performance: 2% Daily Pause (soft breach; trading resumes the next day).
  • Zero Challenge and Performance: none.

No daily loss limits on any plan.

Max Allocation
  • Challenge stage: unlimited accounts.
  • Signature Futures: up to 5 active Performance accounts.
  • Zero Starter/Max: up to 3 active Performance accounts. Limits apply per household.
150,000
mandatoryBuffer
~
Merge Accounts
Maximum Trading Days

Unlimited, but the account closes after 7 days of inactivity.

  • Evaluation accounts expire after 30 calendar days if not passed.
  • Accounts inactive for more than 30 calendar days are disabled.
Minimum Trading Days
  • Signature Futures: can pass in 1 day.
  • Zero Starter/Max: earliest pass in 3 days because of the 40% Best Day rule.
  • Halcyon Lite Evaluation: 1 trading day
  • Halcyon Prime Evaluation: 3 trading days, or 1 day with the 1-Day Pass add-on
  • Halcyon Dynamic Evaluation: 1 trading day
  • All Reward Accounts: 6 qualifying trading days before each reward request; the counter resets to zero after each approved reward
Funded Phase Pricing Model

No activation fee or recurring subscription.

Lite and Prime

  • With activation-fee pricing, the activation fee is paid once after passing
  • With no-activation-fee pricing, no payment is required after passing
  • Both options lead to the same Reward Account rules

Dynamic

  • After passing, the trader pays a one-time upgrade fee based on the selected Reward Account size, drawdown type and consistency option
Minimum Profitable Days
  • Signature: 5 profitable days between payouts after the first payout; a profitable day requires at least 0.3% realized profit.
  • Zero Starter/Max: no minimum profitable days in Performance.
  • Halcyon Lite Evaluation: 1 trading day
  • Halcyon Prime Evaluation: 3 trading days, or 1 day with the 1-Day Pass add-on
  • Halcyon Dynamic Evaluation: 1 trading day
  • All Reward Accounts: 6 qualifying trading days meeting the applicable Minimum Daily Profit Requirement before each reward request
Position size scaling
~
Evaluation Phase Pricing Model

One-time fee. No subscription.

Lite and Prime
Two one-time pricing options are available:

  • With activation fee: lower evaluation fee, then a separate activation fee after passing
  • No activation fee: higher all-in evaluation fee; upgrade to the Reward Account is free

Dynamic

  • One-time 50K evaluation fee: $47 with Intraday Trailing drawdown or $49 with End-of-Day drawdown
  • A separate Reward Account upgrade fee is paid after passing

No subscriptions or recurring billing.

Two Steps
Expert Advisor (EA)
~
VPN
Hedging
Requires Stop Loss
Scalping
~
Stacking / Layering (DCA)
Maximum Risk Limit
~
Copy Trading
~
News Trading
hasInactivityRule

Accounts must place at least one trade every 30 consecutive calendar days. Accounts inactive for more than 30 days will be considered inactive and may be disabled. Evaluation accounts also expire 30 calendar days after starting if not passed.

Consistency Rule
~
~
Hold Weekend
Prohibited Strategies
  • Exploiting gaps, illiquid markets, pricing errors or slow data feeds
  • Semi-automated or fully automated trading, bots, AI tools and HFT above 300 trades/day
  • Trading within 2% of a CME product lock limit
  • Irresponsible or all-or-nothing trading
  • Hedging across accounts or users
  • Tick scalping where less than 50% of profit comes from trades held at least 10 seconds
  • Trading anything other than the front-month contract
  • Account rolling and strategies that are not reproducible in real markets
  • Hedging on the same or related underlying assets (e.g. ES + MES, NQ + MNQ)
  • Opposite Direction Trades within or across accounts (CME Rule 534 – Wash Trades, CME Rule 575 – Disruptive Practices)
  • Mixing micro and mini contracts on the same asset
  • Holding positions outside trading hours / overnight / weekend
  • Account sharing or third-party trading
Overnight positions

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