Traders choosing between Quant Tekel and FXIFY face a decision between flexibility and scalability in their prop trading journey. Quant Tekel eliminates daily drawdown limits and operates on a single-phase evaluation, while FXIFY offers traditional two-phase challenges with account scaling up to $4 million. Both firms launched in 2023 and maintain identical 4.4/5 Trustpilot ratings, though they cater to different trading styles and risk management preferences. This comparison examines their evaluation structures, trading conditions, and growth potential to help you determine which aligns with your trading approach.
QT
Quant Tekel
Est. 2023 · N/A
4.4
12,000 reviews
VS
4 wins
9 ties
1 wins
F
FXIFY
Est. 2023 · London, UK
4.4
5,000 reviews
Feature
Quant Tekel
FXIFY
Challenge Price ($100K)
N/A
$59
Phase 1 Profit Target
N/A
10%
Phase 2 Profit Target
None (single-phase)✓ Single-phase evaluation
5%
Max Daily Loss
No limit✓ No daily loss limit
4%
Max Total Loss
N/A
10%
Min Trading Days
None✓ No minimum
0 days
Time Limit (Phase 1)
No limit
No limit
Payout Split
N/A
80% (up to 90%)
Quant Tekel
Pros
+Raw spreads from 0.0 pips with institutional-grade execution
+No trading restrictions - scalping, EAs, news trading all allowed
+Sub-50ms order execution with STP access to 10+ liquidity providers
+Multiple platform options including MT5, cTrader, TradeLocker and FIX API
+24/7 crypto trading available with competitive spreads
Cons
−Relatively new firm established in 2023 with limited track record
−Higher minimum deposits compared to some competitors ($200 minimum)
−Limited information available about prop trading challenge structure
−No clear information about payout policies or profit sharing
FXIFY
Pros
+First payout on demand after closing first trade - no minimum days or targets
+Up to $400,000 starting capital with scaling up to $4M available
+No consistency rules, no stop loss required, weekend holding allowed
+EAs, Martingale & Grid strategies allowed with flexible trading conditions
+$35M+ already paid out to traders with highest single payout of $117,000
Cons
−Relatively new firm established in 2023 with shorter track record
−Higher leverage options require add-ons at checkout (up to 1:50)
−Some account customization features require additional fees
−Limited information on specific challenge pricing for larger accounts
Our Verdict
Which Should You Choose?
Quant Tekel suits aggressive traders and scalpers who need maximum intraday flexibility. With no daily loss limits and a single-phase evaluation structure, it removes the typical constraints that trip up high-frequency and news traders. The platform variety including cTrader and TradeLocker also appeals to traders who prefer alternatives to standard MetaTrader setups.
FXIFY works better for systematic traders focused on long-term account growth and scaling. The 4% daily loss limit and 5% Phase 2 target create a more structured environment, while the $4 million scaling potential offers serious growth opportunities that Quant Tekel doesn't match. At $59 for a $100K challenge, FXIFY also provides clear pricing transparency.
Choose Quant Tekel if you're a scalper or news trader who gets stopped out by daily limits, or if you want to skip multi-phase evaluations entirely. Choose FXIFY if you trade systematically, can work within daily drawdown limits, and want to scale beyond six figures long-term.
Choose Quant Tekel if:
→Raw spreads from 0.0 pips with institutional-grade execution
→No trading restrictions - scalping, EAs, news trading all allowed
→Sub-50ms order execution with STP access to 10+ liquidity providers
→Multiple platform options including MT5, cTrader, TradeLocker and FIX API
Choose FXIFY if:
→First payout on demand after closing first trade - no minimum days or targets
→Up to $400,000 starting capital with scaling up to $4M available
→No consistency rules, no stop loss required, weekend holding allowed
→EAs, Martingale & Grid strategies allowed with flexible trading conditions
Disclaimer:This comparison is for informational purposes only. Prop firm rules change regularly — always verify current terms on each firm's official website before purchasing a challenge. This is not financial advice. Updated 2026-03-08.