Australia based Retail FX and CFDs broker Eightcap has announced that it is back in the prop space, with a new product built specifically with day traders in mind. The broker has launched Day Trader Challenges, a new way for traders to experience fast and customisable prop trading challenges.

Eightcap was originally one of the most active CFDs brokers in servicing prop trading firms, but pulled back from the prop trading area early last year.

The launch marks Eightcap’s return to the prop trading industry after a period of what the company calls industry turbulence associated with overhyped “get rich quick” schemes that distorted trader expectations. In that time, Eightcap said it spoke directly with experienced traders, from open and close specialists to gap, intraday, breakout, scalpers and pair traders, so that they could create challenges built for traders, by traders.

Unlike standard trading challenges that require multiple days or even weeks to complete, Eightcap’s Day Trader Challenges are built for instant action. These challenges are ideal for traders who want high focus, short sessions without long evaluations or restrictive requirements.

Adam Bock, Head of Eightcap Tradesim said,

“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.”

Designed for active and aspiring prop traders seeking fast-paced, skill-based challenges, Day Trader Challenges allow traders to set their own stake and trading duration, from as little as 1 hour.

Traders will be able to choose their:

• Duration: 1, 2, 4, or 8-hour sessions.
• Stake: From $5
• Reward Multiplier: 2x, 5x, or 10x potential payout.

Day Trader Challenges are accessible to traders via the MT4 and MT5 platforms, as well as through TradeLocker.

Each challenge adapts dynamically to the trader’s choices. For example, shorter timeframes and higher multipliers increase the difficulty, while longer sessions and lower multipliers offer a more balanced experience. Challenges start within 10 minutes of purchase, giving traders immediate access to a fast-paced, skill-based experience.

Key Benefits:

• Customisation & Control: Choose your investment, timeframe, and reward multiplier for a tailored prop challenge experience.
• Speed: Complete challenges within hours and earn payouts on the same day.
• Learning Focus: Practice real strategies in a simulated environment that mirrors live market conditions.
• Accessible Entry: Start from as little as $5.

Adam Bock continued,

“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 flexibility.”

About Eightcap

Founded in 2015, Eightcap is a multi-regulated Australian fintech company providing a full suite of derivative products across traditional and digital asset markets. With regulatory licenses in the UK (FCA), Australia (ASIC), the Bahamas (SCB), Cyprus (CySEC), the UAE (MENA), and Seychelles (FSA). Eightcap serves both B2C and B2B clients through its trading solutions. Eightcap is controlled by its Chairman Joel Murphy (who recently returned to CEO duties following the departure of Alex Howard), and Eightcap’s lead analyst Joe Jeffriess.