The Funded Trader vs FXIFY: Which Prop Firm Is Better?
Traders choosing between The Funded Trader and FXIFY face a classic tradeoff between entry barriers and evaluation difficulty. The Funded Trader charges $489 for their $100K challenge but offers a single-phase evaluation with an 8% profit target and no daily loss limits, while FXIFY's $59 entry fee comes with a two-phase process requiring 10% then 5% profits and a strict 4% daily drawdown limit. This comparison examines the key differences in pricing, evaluation structure, trading rules, and scaling potential to help you determine which firm aligns with your trading style and risk management approach.
TF
The Funded Trader
Est. 2021 · Fort Lauderdale, USA
3
22,000 reviews
VS
3 wins
9 ties
2 wins
F
FXIFY
Est. 2023 · London, UK
4.4
5,000 reviews
Feature
The Funded Trader
FXIFY
Challenge Price ($100K)
$489
$59✓ Lower entry cost
Phase 1 Profit Target
8%✓ Easier to pass
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
0 days
0 days
Time Limit (Phase 1)
No limit
No limit
Payout Split
N/A
80% (up to 90%)
The Funded Trader
Pros
+Multiple challenge types including one-step and three-step evaluations
+High maximum funding allocation up to $2.5M across different challenges
+VIP program offering up to 95% payout split
+News trading allowed on most challenges
+Fast payout eligibility in as little as 7 days on some challenges
Cons
−Simulated trading environment only, not real money trading
−Limited account size options shown in comparison table
−Proprietary technology monitoring may restrict some trading styles
−Maximum concurrent funded account limit of $600K
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?
FXIFY suits aggressive traders and beginners who want low-cost entry and don't mind stricter rules. At $59 versus $489, it's significantly more accessible for testing your strategy, and the 4.4/5 Trustpilot rating from 5,000 reviews suggests better customer satisfaction than The Funded Trader's 3/5 from 22,000 reviews. However, the 4% daily loss limit and two-phase evaluation (10% then 5%) create additional hurdles that can trip up scalpers and high-frequency traders.
The Funded Trader works better for experienced traders who prefer flexibility over cost savings. The single-phase 8% target with no daily loss limits gives you more room to execute various strategies, especially those involving larger position sizes or holding through volatile periods. While the $489 entry cost is steep, traders who consistently pass evaluations will appreciate the streamlined process and fewer restrictions on their trading approach.
Choose The Funded Trader if:
→Multiple challenge types including one-step and three-step evaluations
→High maximum funding allocation up to $2.5M across different challenges
→VIP program offering up to 95% payout split
→News trading allowed on most challenges
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.