FXIFY vs FTMO: Comprehensive Proprietary Trading Firm Comparison
Discover the key differences between FXIFY and FTMO, two leading proprietary trading firms. This comparison covers evaluation processes, trading rules, profit splits, and more to help you choose the best option based on your trading needs.
FXIFY
- Evaluation Fee Range
- $59.00 – $1,999.00
- Profit Split
- 80%
- Max Total Funding
- $100,000.00
- Trading Platforms
- MetaTrader 4, MetaTrader 5
FTMO
- Evaluation Fee Range
- €89.00 – €1,080.00; $89.00 – $1,080.00
- Profit Split
- 80%
- Max Total Funding
- $200,000.00
- Trading Platforms
- MetaTrader 4, MetaTrader 5, cTrader
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 | FTMO |
|---|---|---|
| Profit Split | 80% | 80% |
| Evaluation Fee Range | $59.00 – $1,999.00 | €89.00 – €1,080.00; $89.00 – $1,080.00 |
| Activation Fee | — | $0.00 |
| Data Platform Fee | — | — |
| Evaluation Steps | 0 – 3 | 2 |
| Profit Target | 5% – 10% | 10% |
| Daily Drawdown | 3% – 8% | 5% |
| Max Drawdown | 6% – 10% | 10% |
| Min Trading Days | 0 – 5 | 4 |
| News Trading | Yes | No |
| Scalping | Yes | Yes |
| Expert Advisors (EAs) | Yes | Yes |
| Weekend Holding | Yes | No |
| Trading Platforms | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5, cTrader |
| Payout Methods | Bank transfer, PayPal, Cryptocurrency | Bank Transfer, Crypto |
| Headquarters | United Kingdom | Czech Republic |
Evaluation Process
FXIFY offers a varied evaluation process with 1-step, 2-step, and 3-step evaluations, as well as Lightning challenges and Instant Funding options. This flexibility allows traders to choose a path that suits their trading style and risk tolerance. In contrast, FTMO provides a structured two-step evaluation process consisting of a Challenge and a Verification stage. While this process is more rigid, it has gained a reputation for effectively assessing trader skills. Both firms require a profit target of 10% and maintain a daily drawdown limit of 5% and a maximum drawdown of 10%. However, FXIFY requires a minimum of 5 trading days, while FTMO sets a lower bar with just 4 days. This slight difference may appeal to traders who prefer shorter evaluation periods.
Trading Rules & Restrictions
FXIFY provides a liberal trading environment, allowing news trading, scalping, weekend holding, and the use of expert advisors. This flexibility can be particularly attractive to high-frequency and algorithmic traders looking to exploit short-term opportunities without restrictions. FTMO, on the other hand, imposes more constraints. It prohibits news trading and weekend holding, which might limit some traders who thrive on market volatility during these times. However, like FXIFY, FTMO permits scalping and the use of expert advisors, ensuring that day traders and algorithmic traders can still operate effectively within their framework.
Profit Splits & Payouts
Both FXIFY and FTMO offer an 80% profit split to traders. However, FTMO provides an opportunity to increase this split to 90% for consistent high performers, which can be a significant advantage for successful traders looking to maximize their earnings. In terms of payouts, FXIFY offers flexible payout methods including bank transfers, PayPal, and cryptocurrency, allowing traders to choose the most convenient option. FTMO processes payouts monthly and supports methods like Skrill and PayPal. This structure is predictable, allowing traders to plan their finances effectively.
Platforms & Tradable Markets
FXIFY supports popular trading platforms such as MetaTrader 4, MetaTrader 5, and DXtrade, allowing traders to work within familiar interfaces. The firm's mixed instrument offering provides a diverse range of markets to trade, catering to different trading strategies and preferences. Similarly, FTMO offers MetaTrader 4, MetaTrader 5, cTrader, and DXtrade, which are widely used and respected in the trading community. The availability of cTrader may appeal to traders who prefer this platform for its advanced trading features. Both firms provide access to a broad range of instruments, ensuring that traders can diversify their portfolios and apply various strategies.
Account Sizes & Scaling
FXIFY offers a significant advantage with a maximum funding of $4,000,000, allowing traders to scale their accounts substantially as they demonstrate consistent profitability. This scaling potential is attractive for traders aiming to manage larger capital over time. FTMO, while offering robust support and resources, maxes out its funding at $2,000,000. This amount is still substantial for many traders, but the lower ceiling may be a limitation for those seeking to manage larger accounts. Both firms provide a pathway for account growth, but FXIFY's higher maximum funding makes it more appealing for traders focused on scaling.
Strengths & Weaknesses
FXIFY
Strengths
- Higher maximum funding limit of $4,000,000.
- Flexible evaluation with multiple paths including Lightning challenges.
- Allows news trading, scalping, and weekend holding.
- Variety of payout methods including cryptocurrency.
Weaknesses
- No specific leverage details provided.
- Evaluation fees reach up to $1,999, which can be high.
- Limited clarity on refund policies for evaluations.
FTMO
Strengths
- Established reputation since 2015 with a structured evaluation process.
- Potential to earn up to a 90% profit split for top performers.
- Supports cTrader, appealing to traders preferring this platform.
- Refund policy for successful challenge completion.
Weaknesses
- Maximum funding capped at $2,000,000, lower than FXIFY.
- No news trading or weekend holding allowed.
- Monthly payout frequency may not suit all traders.
FAQs – FXIFY vs FTMO
Which is better overall, FXIFY or FTMO?
The choice between FXIFY and FTMO depends on individual trading needs. FXIFY offers higher funding and flexibility, making it ideal for traders looking for growth and diverse trading options. FTMO, with its established reputation and potential for a higher profit split, may appeal to traders who value structured evaluation processes and consistent performance incentives.
Which firm is better for beginners, FXIFY or FTMO?
FTMO might be more suitable for beginners due to its structured evaluation and educational resources, providing a clear pathway for trader development. FXIFY, with its flexible options, might be better for those who already have some trading experience and want to explore different evaluation paths.
How often are payouts processed with FXIFY and FTMO?
FXIFY offers flexible payout options, potentially allowing more frequent withdrawals. FTMO processes payouts monthly, providing a consistent payment schedule.
What payout methods are available with FXIFY and FTMO?
FXIFY supports bank transfers, PayPal, and cryptocurrency, offering diverse payout choices. FTMO also offers PayPal and supports Skrill, catering to various trader preferences.
How does customer support compare between FXIFY and FTMO?
FTMO has a well-established support system with a proven track record for assisting traders. FXIFY, being newer, is still building its support reputation but offers flexible communication channels.
What educational resources are offered by FXIFY and FTMO?
FTMO provides comprehensive educational materials and resources to support trader development, which is beneficial for beginners. FXIFY is still expanding its educational offerings, focusing more on flexible trading options.
Can I trade news events with both FXIFY and FTMO?
FXIFY allows news trading, making it ideal for traders who capitalize on market volatility during news events. FTMO, however, prohibits news trading, limiting opportunities during these periods.
What platforms and instruments can I trade with FXIFY vs FTMO?
Both FXIFY and FTMO offer MetaTrader 4, MetaTrader 5, and DXtrade. FTMO additionally offers cTrader. Both firms provide access to a mixed range of instruments, accommodating diverse trading strategies.
What's the maximum funding I can get with FXIFY vs FTMO?
FXIFY offers a maximum funding of $4,000,000, which is significantly higher than FTMO's $2,000,000. This makes FXIFY more appealing for traders aiming to manage larger capital.
How do scaling opportunities compare between FXIFY and FTMO?
FXIFY's scaling potential allows traders to grow their accounts up to $4,000,000 as they demonstrate consistent profitability. FTMO also offers scaling, but with a cap at $2,000,000, which might limit growth for ambitious traders.
How difficult is the evaluation process at FXIFY compared to FTMO?
FXIFY provides flexible evaluation options, including Lightning challenges, which can vary in difficulty. FTMO's structured two-step process is more predictable but may be challenging due to strict profit targets and drawdown limits.
What are the evaluation costs for FXIFY and FTMO?
FXIFY's evaluation fees range from $59 to $1,999, potentially higher than FTMO's $89 to $1,080. FTMO also offers a refund after a successful challenge, enhancing its cost-effectiveness.
How do profit splits compare between FXIFY and FTMO?
Both firms offer an 80% profit split, but FTMO provides an opportunity to earn up to 90% for high performers, which can significantly increase earnings for successful traders.
What are the profit withdrawal rules for FXIFY and FTMO?
FXIFY offers flexible payout methods including cryptocurrency, allowing for convenient withdrawals. FTMO processes payouts monthly, which may suit traders preferring regular, predictable income.
Which is Better – FXIFY or FTMO?
When choosing between FXIFY and FTMO, consider your trading goals and preferences. FXIFY offers substantial funding and flexibility, ideal for growth-focused traders. FTMO provides a structured, reputable environment with potential for increased profit splits, appealing to those seeking stability and a proven track record. Evaluate your priorities to make the best choice for your trading career.