Retail prop firm E8 Markets has ditched activation fees on all its programs, including futures accounts, making them one-time fee only.
The firm announced the update in a post on X, in which it also shared a 25% off code for all futures accounts.
The move to ditch futures activation fees entirely is an unusual one among prop firms, which often cite the need to pay for backend costs including market data as reasons to charge them.
It may be a sign of increased competition or even an emerging price-war in the prop firm trading space, as the sector increasingly appears to be going mainstream.
While E8 Markets‘ move appears to have lowered overall account prices at the firm, the business has also raised evaluation fees.
Previously, a $50,000 Signature account with the firm charged a $98 evaluation fee and an $88 activation fee, according to previous posts on X. It now charges just an evaluation fee of $130.
It comes after the firm offered a no-activation fee promotion earlier this year.
In ditching activation fees, it joins rival prop Tradeify, which only charges an activation fee on its Advanced Sim Funded Account of $125.
In January, E8 Markets hired former My Forex Funds executive Yavuz Karadeniz as its Chief Growth Officer.
