Traders choosing between Topstep and FXIFY face a decision between an established futures-focused firm and a newer forex challenger with more aggressive trader-friendly terms. The most significant difference is Topstep's single-phase evaluation versus FXIFY's traditional two-phase structure, while FXIFY offers an 80% profit split from day one compared to Topstep's 50% starting rate. This comparison examines their evaluation processes, payout structures, and trading conditions to help you determine which firm aligns with your trading style and experience level.
T
Topstep
Est. 2012 · Chicago, USA
4.4
14,000 reviews
VS
3 wins
5 ties
6 wins
F
FXIFY
Est. 2023 · London, UK
4.4
5,000 reviews
Feature
Topstep
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
5 days
0 days✓ More flexible
Time Limit (Phase 1)
No limit
No limit
Payout Split
50% (up to 90%)
80% (up to 90%)✓ Higher starting split
Topstep
Pros
+Performance-based capital release structure with 20% initial access scaling to full balance
+Daily payout eligibility after 30 benchmark trading days with up to 90% profit split
+Performance bonus program offering over $250,000 in cash bonuses for consistent traders
+Dynamic risk expansion that adjusts daily loss limits as account balance grows
+Live Funded Account structure designed to help transition from simulated to live trading
Cons
−Must maintain account balance above $0 at all times or forfeit account
−Initial payout split limited to 50% until reaching 30 benchmark trading days
−Account automatically closed if inactive for 90 days
−All positions must be closed by 3:10 PM CT daily
−Protective stops required on every open position
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 who prioritize immediate profitability and flexible trading conditions. With an 80% starting profit split, zero minimum trading days, and permission for news trading and automated strategies, it's ideal for scalpers, news traders, and algorithmic traders who want maximum freedom and higher immediate returns.
Topstep better serves consistent, methodical traders who prefer simplicity and reliability. Its single-phase evaluation eliminates the complexity of managing multiple profit targets, while daily payouts and no daily loss limits appeal to traders who value steady income over maximum profit splits. The 12-year track record also provides confidence for risk-averse traders.
For most active traders seeking the highest profit potential, FXIFY wins with its 80% starting split, unrestricted trading strategies, and flexible evaluation terms, despite being newer to the market.
Choose Topstep if:
→Performance-based capital release structure with 20% initial access scaling to full balance
→Daily payout eligibility after 30 benchmark trading days with up to 90% profit split
→Performance bonus program offering over $250,000 in cash bonuses for consistent traders
→Dynamic risk expansion that adjusts daily loss limits as account balance grows
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.