FundedNext & FXIFY Two-step Comparison
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Welcome to our comparison between FundedNext and FXIFY, where we will compare all the major aspects of each company. We will be looking into the companies themselves as well as the two-step evaluations that both offer to traders from all across the globe.
Company Details
| Company Details | FundedNext | FXIFY |
|---|---|---|
| Incorporation Date | March 2022 | May 2023 |
| CEO | Abdullah Jayed | David Bhidey & Peter Brown |
| Office Location | United Arab Emirates & Bangladesh | London, UK |
| Scaling Plan |  | |
FundedNext and FXIFY are two reputable and trustworthy proprietary trading firms. FundedNext was incorporated in March 2022 while being managed by their CEO, Abdullah Jayed. They have their offices located in the United Arab Emirates and Bangladesh. FXIFY, on the other hand, was incorporated in May 2023 while being managed by its co-founders, David Bhidey and Peter Brown. Additionally, their offices are also located in London, UK.
Funding Program Options
| Funding Program Options | FundedNext | FXIFY |
|---|---|---|
| One-step Evaluation | | |
| Two-step Evaluation | | |
| Three-step Evaluation |  | |
FundedNext provides their traders with an opportunity to choose between six funding programs to acquire funding, three two-step evaluations and three one-step evaluations. FXIFY, on the other hand, allows its traders to choose between three funding programs to acquire funding, a two-step evaluation, a one-step evaluation, and a three-step evaluation.
Two-step Comparison
| Trading Objectives | Two-Step Stellar | Stellar Lite | Evaluation Model | Two-Phase Evaluation |
|---|---|---|---|---|
| Profit Target (Phase 1) | 8% | 8% | 10% | 10% |
| Profit Target (Phase 2) | 5% | 4% | 5% | 5% |
| Maximum Daily Loss | 5% | 4% | 5% | 5% |
| Maximum Loss | 10% | 8% | 10% | 10% |
| Minimum Trading Days | 5 Calendar Days | 5 Calendar Days | 5 Calendar Days | 5 Calendar Days |
| Maximum Trading Period | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: Unlimited Phase 2: Unlimited | Phase 1: 4 Weeks Phase 2: 8 Weeks | Phase 1: Unlimited Phase 2: Unlimited |
| Leverage | 1:100 | 1:100 | 1:100 | 1:30 (1:50 with Add-on) |
| Profit Split | 80% up to 95% | 80% up to 95% | 80% up to 95% | 75% (90% with Add-on) |
After covering the trading objectives of each company’s two-step evaluations, let’s take a look at the account sizes and costs of these two-step evaluations.
| Account Size | Two-Step Stellar | Stellar Lite | Evaluation Model | Two-Phase Evaluation |
|---|---|---|---|---|
| $5,000 | | $32 | | |
| $6,000 | $59 | | $49 | |
| $10,000 | | $59 | | $75 |
| $15,000 | $119 | | $99 | $99 |
| $25,000 | $199 | $139 | $199 | $175 |
| $50,000 | $299 | $229 | $299 | $325 |
| $100,000 | $519 | $399 | $549 | $475 |
| $200,000 | $999 | | $999 | $999 |
| $400,000 | | | | $1,999 |
Brokers & Trading Platforms
Now that we have addressed the trading objectives, account sizes, and costs associated with FundedNext and FXIFY, it’s time to examine the brokers and trading platforms compatible with each proprietary trading entity.
| FundedNext | FXIFY | |
|---|---|---|
| Broker | FundedNext Server | FXPIG |
| Trading Platform | MetaTrader 4, MetaTrader 5, cTrader | MetaTrader 4, MetaTrader 5, DXtrade |
Trading Instruments
Another important aspect to compare between proprietary trading firms is trading instruments. In the spreadsheet below, you will be able to learn which trading instrument types can be traded with FundedNext and which with FXIFY.
| Trading Instrument | FundedNext | FXIFY |
|---|---|---|
| Forex Pairs | | |
| Commodities | | |
| Indices | | |
| Stocks | | |
| Cryptocurrencies | | |
Community Feedback
The last topic we will cover is community feedback from FundedNext and FXIFY. The statistics are taken from the Trustpilot page of each of the mentioned companies.
| Trustpilot Statistics | FundedNext | FXIFY |
|---|---|---|
| Rating | 4.5/5 | 4.3/5 |
| Number of Reviews | 18,332 | 2,382 |
| 5-Star Ratings | 83% | 80% |
FundedNext has an excellent rating of 4.5/5. This is out of a total of 18,332 reviews, where 83% of them are rated as 5 stars. FXIFY, on the other hand, also has an excellent rating of 4.3/5. However, this is out of a total of 2,382 reviews, where 80% of them are rated as 5 stars.
Conclusion
In conclusion, FundedNext and FXIFY are two incredible choices within the proprietary trading firm industry. We can clearly see there are numerous differences within the compared proprietary trading firms, such as trading objectives, account sizes, costs, and community feedback. In addition, there is also a major difference within the funding programs that each of the companies are offering. FundedNext has three two-step evaluations and three one-step evaluations, while FXIFY has a two-step evaluation, a one-step evaluation, and a three-step evaluation.
This concludes our comparison between FundedNext and FXIFY. If either of the compared proprietary trading firms sparked an interest, we have prepared a unique discount code, which you can apply while purchasing an evaluation to make it even more affordable!
FundedNext 5% discount code: FOREXPROPREVIEWS
FXIFY 15% discount code: FOREXPROPREVIEWS
Our comparison between FundedNext and FXIFY was last updated on 19.06.2024 at 07:53 (CE(S)T).
