FXIFY vs Earn2Trade: A Comprehensive Comparison
If you're looking for a proprietary trading firm, FXIFY and Earn2Trade are two notable options. This comparison explores key aspects like funding, evaluation processes, trading platforms, and rules to help you make an informed choice.
FXIFY
- Evaluation Fee Range
- $59.00 – $1,999.00
- Profit Split
- 80%
- Max Total Funding
- $100,000.00
- Trading Platforms
- MetaTrader 4, MetaTrader 5
Earn2Trade
- Evaluation Fee Range
- $75.00 – $350.00 / month
- Profit Split
- 80%
- Max Total Funding
- $200,000.00
- Trading Platforms
- NinjaTrader, Finamark, Overcharts, Bookmap, Photon
Key Metrics Comparison
This table compares the facts currently shown for each firm side by side.
— means a supported value is currently not available on WhichPropFirm for that field. It does not mean zero.
| Metric | FXIFY | Earn2Trade |
|---|---|---|
| Profit Split | 80% | 80% |
| Evaluation Fee Range | $59.00 – $1,999.00 | $75.00 – $350.00 / month |
| Activation Fee | — | — |
| Data Platform Fee | — | — |
| Evaluation Steps | 0 – 3 | 1 |
| Profit Target | 5% – 10% | 6% |
| Daily Drawdown | 3% – 8% | 5% |
| Max Drawdown | 6% – 10% | 8% |
| Min Trading Days | 0 – 5 | 10 |
| News Trading | Yes | Yes |
| Scalping | Yes | Yes |
| Expert Advisors (EAs) | Yes | No |
| Weekend Holding | Yes | No |
| Trading Platforms | MetaTrader 4, MetaTrader 5 | NinjaTrader, Finamark, Overcharts, Bookmap, Photon |
| Payout Methods | Bank transfer, PayPal, Cryptocurrency | Bank transfer, Cryptocurrency, Rise platform |
| Headquarters | United Kingdom | United States |
Evaluation Process
FXIFY requires traders to complete a two-stage evaluation process, with profit targets at 10% and a maximum drawdown limit of 10%, making it somewhat challenging. The firm offers multiple pathways, including a 1-step and 3-step evaluation, providing flexibility in progression. On the other hand, Earn2Trade simplifies the process with a single evaluation stage. Their profit target is 6%, and the max drawdown is set at 8%, making it relatively easier for traders to achieve funding quickly. Both firms focus on assessing risk management skills and trading consistency.
Trading Rules & Restrictions
FXIFY offers flexible trading rules. Traders can engage in news trading, scalping, and hold positions over the weekend. The use of expert advisors is permitted, providing a wide range of trading strategies. In contrast, Earn2Trade has stricter rules. While news trading and scalping are allowed, traders cannot hold positions over the weekend or use expert advisors. These restrictions might limit trading strategies but ensure stability and risk management.
Profit Splits & Payouts
Both FXIFY and Earn2Trade offer an attractive profit split of 80%, allowing traders to retain a significant portion of their profits. FXIFY provides payouts via bank transfer, PayPal, and cryptocurrency, offering flexible options. Earn2Trade also supports bank transfers and cryptocurrency, with an additional option through the Rise platform. The payout frequency is flexible, catering to trader preferences, though specific payout schedules are not detailed.
Platforms & Tradable Markets
FXIFY supports popular trading platforms like MetaTrader 4, MetaTrader 5, and DXtrade, catering to forex and CFD traders. These platforms are renowned for their user-friendly interface and robust analytical tools. Earn2Trade, however, is more tailored towards futures traders, offering platforms like NinjaTrader and Finamark. Their platform selection provides advanced charting and market depth analysis, appealing to traders focused on futures markets.
Account Sizes & Scaling
FXIFY offers an extensive range of account sizes, from $5,000 to $400,000, with potential scaling up to $4,000,000 as traders demonstrate consistent performance. This scalability is a significant advantage for traders aiming to manage larger funds. In comparison, Earn2Trade caps its maximum funding at $400,000. While this might seem limiting, their focus on futures trading provides niche opportunities for traders specialized in this field.
Strengths & Weaknesses
FXIFY
Strengths
- High maximum funding potential, up to $4,000,000.
- Flexible trading rules, allowing news trading and scalping.
- Multiple evaluation pathways to suit different trader needs.
- Supports popular trading platforms like MetaTrader 4 and 5.
Weaknesses
- Higher evaluation fees compared to Earn2Trade.
- Refund policy not specified, creating uncertainty for traders.
- Evaluation process might be challenging with a 10% profit target.
Earn2Trade
Strengths
- Simplified single-stage evaluation process.
- Lower evaluation fees, making it accessible for beginners.
- Strong focus on futures trading with specialized platforms.
- Educational resources and career path options for traders.
Weaknesses
- Maximum funding is limited to $400,000.
- Weekend holding and expert advisors are not allowed.
- Less flexibility in account scaling compared to FXIFY.
FAQs – FXIFY vs Earn2Trade
Which proprietary trading firm, FXIFY or Earn2Trade, is better overall?
FXIFY is better suited for traders seeking high funding potential and flexible trading rules, while Earn2Trade is ideal for those focused on futures trading with a straightforward evaluation process. The choice depends on your trading style and goals.
Is FXIFY or Earn2Trade more beginner-friendly?
Earn2Trade is more beginner-friendly due to its lower evaluation fees and single-stage evaluation process. It also offers educational resources, making it a great starting point for new traders.
How often can I expect payouts from FXIFY and Earn2Trade?
Both FXIFY and Earn2Trade offer flexible payout frequencies, allowing traders to choose payout schedules that suit their needs. Exact frequencies should be confirmed with each firm.
What payout methods are available with FXIFY and Earn2Trade?
FXIFY supports bank transfers, PayPal, and cryptocurrency. Earn2Trade offers payouts via bank transfer, cryptocurrency, and the Rise platform, providing multiple options.
How does customer support compare between FXIFY and Earn2Trade?
Both firms provide customer support, but Earn2Trade may offer more comprehensive assistance due to its educational resources and focus on developing trader skills.
What educational resources are available with FXIFY and Earn2Trade?
Earn2Trade offers robust educational resources through its Trader Career Path, aimed at enhancing trader skills. FXIFY's educational offerings are not specified.
Can I trade news events with both FXIFY and Earn2Trade?
Yes, both FXIFY and Earn2Trade allow news trading. However, FXIFY offers more flexibility with additional allowances for scalping and weekend holding.
What trading platforms and instruments are available with FXIFY and Earn2Trade?
FXIFY supports MetaTrader 4, MetaTrader 5, and DXtrade for forex and CFD trading. Earn2Trade focuses on futures trading with platforms like NinjaTrader and Finamark.
What's the maximum funding I can get with FXIFY vs Earn2Trade?
FXIFY offers maximum funding up to $4,000,000, significantly higher than Earn2Trade's cap of $400,000. This makes FXIFY more appealing for traders aiming to manage larger accounts.
How do the scaling opportunities compare between FXIFY and Earn2Trade?
FXIFY provides better scaling opportunities, allowing traders to increase their account size up to $4,000,000 based on performance. Earn2Trade, however, focuses on futures trading without extensive scaling options.
How difficult are the evaluation processes at FXIFY and Earn2Trade?
FXIFY's evaluation involves multiple stages with a 10% profit target, which can be challenging. Earn2Trade offers a simpler single-stage evaluation with a 6% profit target, making it more accessible.
What are the evaluation costs at FXIFY compared to Earn2Trade?
FXIFY has a wider range of evaluation fees, from $59 to $1,999, depending on the account size. Earn2Trade's fees are lower, ranging from $75 to $350, making it more cost-effective.
How does the profit split work at FXIFY compared to Earn2Trade?
Both firms offer an 80% profit split, allowing traders to keep a substantial portion of their profits. This competitive rate is attractive for maximizing earnings.
What are the rules around profit withdrawal with FXIFY and Earn2Trade?
Profit withdrawals at both firms are flexible, with multiple payment options. However, specific withdrawal limits and schedules are not detailed explicitly.
Which is Better – FXIFY or Earn2Trade?
Both FXIFY and Earn2Trade present valuable opportunities for traders. FXIFY excels in funding potential and trading flexibility, while Earn2Trade offers simplicity and educational support. Evaluate your trading style and goals to choose the firm that aligns with your needs.