eightcap Re-enters Prop Trading with Fast-Paced “Day Trader Challenges”
Eightcap has announced its return to the proprietary trading space with the launch of its new “Day Trader Challenges,” designed to offer a skill-focused alternative to previous “get rich quick” schemes that the company says created unrealistic expectations within the industry. The move marks a re-entry after Eightcap pulled back from prop trading in early 2023.
The challenges were developed following direct conversations with experienced traders – including open and close specialists, gap, intraday, breakout, scalpers, and pair traders - to create tests built by traders for traders.
Unlike conventional trading challenges that can span weeks, Eightcap’s Day Trader Challenges are designed for immediate action and cater to traders seeking focused, short sessions without lengthy evaluations or restrictive rules.
According to Adam Bock, Head of Eightcap Tradesim, “Day Trader Challenges were born from real conversations with the trading community. We wanted to create something grounded in skill, not hype and something that put traders back in control of their own trading experience. Day Trader Challenges are the answer to that; the challenges are designed to teach, test, and reward all within a few hours.”
The challenges allow traders to customize their experience, choosing from durations of 1, 2, 4, or 8 hours, stakes starting at $5, and reward multipliers of 2x, 5x, or 10x. They are accessible via MT4, MT5, and TradeLocker platforms. The difficulty dynamically adjusts based on selections; shorter timeframes and higher multipliers increase the challenge, while longer sessions and lower multipliers offer a more balanced approach. Challenges begin within 10 minutes of purchase.
Key benefits of the Day Trader Challenges include:
* Customisation & Control: Tailored experience with adjustable investment, timeframe, and reward multiplier.
* Speed: Completion within hours with same-day payouts.
* Learning Focus: Practice real strategies in a simulated, live-market surroundings.
* Accessible Entry: Starting stake as low as $5.
Bock added, “Our goal with Day Trading Challenges is to make trading education both more engaging and accessible to anyone looking to sharpen their skills. We’ve taken the traditional trading challenge model and reimagined it for speed and adaptability.”
Founded in 2015,Eightcap is a multi-regulated fintech company offering derivative products across traditional and digital asset markets. The company holds regulatory licenses in the UK (FCA), Australia (ASIC), the Bahamas (SCB), Cyprus (CySEC), the UAE (MENA), and seychelles (FSA), serving both B2C and B2B clients. Eightcap is currently led by chairman Joel Murphy, who recently resumed CEO duties following the departure of Alex Howard, and lead analyst Joe Jeffriess.