This company, E8 Funding, was established by Dylan Elchami. Through the development of a novel and user-friendly method, he aimed to make it possible for anyone to become a professional trader who is funded and who can manage capital remotely from any location in the globe.
In addition to successfully achieving his objective, he is continuously working to enhance the services and conditions provided by E8 Funding, all the while effectively recruiting additional traders to join his private trading organisation.
His primary objective in the sector is to work towards the goal of simplifying the process of trading for individuals by providing them with strategic relationships and technological solutions of the highest calibre.
The fact that he has engineers working in-house enables him to supply the aforementioned services, which guarantees that traders will always have the greatest experience possible.
Complaints Against Dylan Elchami and His Firm
#1. They are attempting to ensure that we do not pass the evaluation. When I was close to my profit target. My profit was 8.7%, and there was just 1.3% left to finish the evaluation. I was successful in making a profit. From that point forward, I have been experiencing a bug on their platform. After a certain amount of time has passed, neither the charts nor the pnl of the positions that are currently open are changing when I open trades. Because of this, I am unable to close the trade at the present price of the market.
As a result of this, I was forced to deal with losses, and my profit dropped to 6%. It’s been two to three days, and the problem has not left. In addition, when I reported the issue to customer care, they stated that no other traders had reported the same problem, which means that it is now my responsibility. The video recordings and everything else have been sent. The customer service team has not yet responded at this time.
#2. I could have given them a score of zero, but I didn’t do that. The worst prop firm in the history of the world.
Due to the fact that they prohibited all African countries in addition to Asian countries, they are racist.
Have no faith in them.
#3. I was prevented from purchasing more challenges because I gave them a rating of one star during my review.
It’s so immature.
Instead of addressing the problems, worries, and complaints that traders have, they simply block those who submit feedback that is honestly provided.
it is not surprising that their rating has declined so significantly, and it is very likely that it will continue to do so.
Without a doubt, this company will be closing its doors in the near future.
#4. It has been six months, and I still have not received my free account for the winter season. Although I attempted to communicate with the support chat, they informed me that I had not made a claim. They also stated that they will send an email, but I did not receive any email discussing the matter. In the event that it is necessary to demonstrate, I also have evidence that I participated in the event.
#5. Trusting E8markets is something I strongly warn against doing. They announced a giveaway, but once I validated my account with personal credentials, they improperly excluded my nation from taking part in the event. They obtained sensitive user data under false pretences and excluded participants without providing any rationale. This is a scam. Transparency issues and unethical behaviour are all present. Get away from this company!
#6. There is a trailing drawdown that they have, which means that it adds up every negative amount, even when it comes back. To give you an example, I ended up losing 367 for the day, but the trades I made were just negative 110. When it went down, it tallied each time. That is completely illogical and completely undermines the purpose of the leverage. You have daily drawdowns as a result of this. In the future, I will continue to use FXify and funding pips. There is no such thing as a perfect trader, where your trades never go negative even a little bit but then bounce back, but not even close to being negative when they are closed. Ignore the worst prop company.
#7. They confirmed my withdrawal request after I had already filed a request to withdraw them. They confirmed the withdrawal information and informed me that my withdrawal request would be approved the following day through an email that they provided to me.
Approximately seven days later, they informed me that I had broken their trading policy and that I had only been paid forty percent of the total sum that had been split. and did not describe the violation that I committed.
Subsequently, they terminated my account, erased my account off their homepage, and deleted my trading account.
Red Flags in Dylan Elchami’s Prop Firm
The prop firm boom has brought countless new companies into the spotlight, all promising traders the chance to manage large amounts of capital in exchange for a cut of the profits. One of these is E8 Funding, a proprietary trading firm co-founded by Dylan Elchami.
Launched with bold claims, flashy branding, and sleek user experience, E8 Funding has attracted attention in trading communities. However, for all the marketing appeal, there are growing concerns about the firm’s practices and policies. For traders considering E8 Funding as their next career move, here are the key red flags worth careful consideration.
1. Lack of Leadership Transparency
Dylan Elchami’s presence in the trading and fintech space is relatively new. While he has branded himself as an innovator in the prop firm space, there is little publicly verifiable background about his experience in finance, regulation, or professional trading. Apart from a few interviews and appearances, Elchami and E8 Funding offer minimal disclosure about their executive team or advisory board.
Why does this matter? In an industry where trust is essential and money is being handled at scale, the qualifications and transparency of leadership matter. Traders deserve to know who is running the show and what credentials they bring to the table. Without this, skepticism about the firm’s long-term intentions is understandable.
2. Mid-Challenge Rule Changes
One of the most frequently cited complaints about E8 Funding is its habit of modifying challenge rules mid-evaluation. A number of traders on Reddit, Trustpilot, and Forex forums have expressed frustration after failing a challenge due to rule updates they were not previously informed about.
For example, traders have noted abrupt changes to:
- Daily drawdown limits
- Trading hours during news events
- Scalping and holding restrictions
In some cases, these changes were reportedly made after a trader had already passed Phase 1 and was deep into Phase 2. These shifting goalposts have led many to question whether E8 is more focused on generating revenue from failed challenge fees than from cultivating successful traders.
3. Inconsistent Payout Reports
While E8 Funding claims to offer up to an 80% profit split, some users have reported delays or outright denials of their withdrawals after becoming funded. These reports, though not yet overwhelming, have raised suspicions.
Common complaints include:
- Payout requests being flagged for “breach of terms” without evidence
- Customer service going silent after payout requests
- New restrictions being cited that were never communicated during onboarding
A prop firm lives or dies by its reputation for honoring payments. Even a few consistent reports of shady practices should put potential users on high alert.
4. No Public Trading Track Record
Reputable prop firms often publish data about their funded traders, success rates, or performance stats. While privacy laws limit some disclosures, trustworthy firms at least provide general metrics to prove they are genuinely funding traders and sharing profits.
E8 Funding, by contrast, shares no public performance metrics. There is no data on:
- How many traders have been funded
- The average payout amount
- The success-to-failure ratio
- Verified MyFXBook or third-party performance accounts
This omission leaves a gaping hole in the firm’s credibility. Without proof that traders are thriving under their program, it’s fair to wonder if funding is even happening at meaningful scale.
5. Excessive Focus on Aesthetics and Branding
E8 Funding is known for its visually appealing dashboards, clean UX, and gamified challenge interface. While these are certainly user-friendly, some traders have observed that the company’s marketing budget seems to outweigh its investment in support infrastructure and trader education.
This imbalance suggests that the firm is designed more to attract new sign-ups than to nurture serious long-term trading talent. Flashy branding isn’t a red flag on its own but when combined with payout problems and poor transparency, it suggests that optics may be masking deeper issues.
6. Poor Customer Support Experiences
Numerous traders have expressed frustration with E8 Funding’s customer service, describing:
- Robotic or unhelpful replies
- Long response times, especially for urgent matters
- A lack of clarity when rules are questioned or challenged
In some instances, traders were disqualified without understanding why, and support staff could not offer adequate explanations. For traders trying to build careers, this type of support creates unnecessary anxiety and distrust.
Responsive and knowledgeable support is not a luxury in a prop firm it’s essential. Firms like FTMO and TopStep have built reputations around their trader-first approach. E8 appears to be lagging far behind.
7. Unregulated Status and Legal Ambiguity
Another red flag is the firm’s jurisdictional ambiguity. E8 Funding is based in Texas, USA, but it operates globally, without any clear licensing from financial regulators like the CFTC, NFA, or SEC. While not all prop firms require regulatory oversight, this lack of accountability leaves traders without legal recourse in case of a dispute.
Further, the terms and conditions are written heavily in favor of the company, including:
- The ability to suspend or terminate accounts at will
- Final discretion over payouts
- Vague definitions of “violations” or “abusive behavior”
This structure essentially leaves traders at the mercy of the company’s internal decisions.
8. Incentivized Reviews and Influencer Hype
Finally, E8 Funding has partnered with numerous influencers and YouTubers who offer promo codes, “review” the firm favorably, and link viewers to affiliate sign-ups. While this is standard practice in online business, it becomes a red flag when:
- Negative reviews are suppressed
- Influencers have no actual track record in trading
- Incentives seem more about referral income than trader education
The flood of sponsored content makes it difficult for prospective traders to find unbiased and genuine feedback.
Conclusion: Proceed with Extreme Caution
E8 Funding has built a sleek and exciting image in the prop trading world, but behind the marketing, there are serious concerns. From inconsistent rules and payout disputes to vague legal structures and leadership opacity, the firm exhibits multiple signs that suggest it may not have traders’ best interests at heart.
