FXIFY & FundedNext One-step Comparison
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Welcome to our comparison between FXIFY and FundedNext, where we will compare all the major aspects of each company. We will be looking into the companies themselves as well as the one-step evaluations that both offer to traders from all across the globe.
Company Details
| Company Details | FXIFY | FundedNext |
|---|---|---|
| Incorporation date | May 2023 | March 2022 |
| CEO | David Bhidey & Peter Brown | Abdullah Jayed |
| Office Location | London, UK | United Arab Emirates & Bangladesh |
| Scaling Plan |  | |
FXIFY and FundedNext are two reputable and trustworthy proprietary trading firms. FXIFY was incorporated in May 2023 while being managed by their co-founders, David Bhidey and Peter Brown. They have their offices located in London, UK. FundedNext, on the other hand, was incorporated in March 2022 while being managed by its CEO, Abdullah Jayed. Additionally, their offices are located in the United Arab Emirates and Bangladesh.
Funding Program Options
| Funding Program Options | FXIFY | FundedNext |
|---|---|---|
| One-step Evaluation | | |
| Two-step Evaluation | | |
| Three-step Evaluation | |  |
FXIFY provides their traders with an opportunity to choose between three funding programs to acquire funding, a two-step evaluation, a one-step evaluation, and a three-step evaluation. FundedNext, on the other hand, allows its traders to choose between six funding programs to acquire funding, three two-step evaluations, and three one-step evaluations.
One-step Comparison
| Trading Rules/Objectives | One-Phase Evaluation | One-Step Stellar | Express – Consistency | Express – Non-Consistency |
|---|---|---|---|---|
| Profit Target | 10% | 10% | 25% | 25% |
| Maximum Daily Loss | 5% | 3% | 5% | 5% |
| Maximum Loss | 6% (Trailing) | 6% | 10% | 10% |
| Minimum Trading Days | 5 Calendar Days | 2 Calendar Days | 10 Calendar Days | 10 Calendar Days |
| Maximum Trading Period | Unlimited | Unlimited | Unlimited | Unlimited |
| Leverage | 1:30 (1:50 with Add-on) | 1:100 | 1:100 | 1:100 |
| Profit Split | 75% up to 90% | 80% up to 95% | 60% up to 95% | 60% up to 95% |
After covering the trading objectives of each company’s one-step evaluations, let’s take a look at the account sizes and costs of these one-step evaluations.
| Account Size | One-Phase Evaluation | One-Step Stellar | Express – Consistency | Express – Non-Consistency |
|---|---|---|---|---|
| $6,000 | | $59 | $49 | $59 |
| $10,000 | $59 | | | |
| $15,000 | $79 | $119 | $99 | $119 |
| $25,000 | $149 | $199 | $199 | $229 |
| $50,000 | $249 | $299 | $299 | $379 |
| $100,000 | $399 | $519 | $549 | $699 |
| $200,000 | $799 | $999 | $999 | |
| $400,000 | $1,599 | | | |
Brokers & Trading Platforms
Now that we have addressed the trading objectives, account sizes, and costs associated with FXIFY and FundedNext, it’s time to examine the brokers and trading platforms compatible with each proprietary trading entity.
| FXIFY | FundedNext | |
|---|---|---|
| Broker | FXPIG | FundedNext Server |
| Trading Platform | MetaTrader 4, MetaTrader 5, DXtrade | MetaTrader 4, MetaTrader 5, cTrader |
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 FXIFY and which with FundedNext.
| Trading Instrument | FXIFY | FundedNext |
|---|---|---|
| Forex Pairs | | |
| Commodities | | |
| Indices | | |
| Stocks | | |
| Cryptocurrencies | | |
Community Feedback
The last topic we will cover is community feedback from FXIFY and FundedNext. The statistics are taken from the Trustpilot page of each of the mentioned companies.
| Trustpilot Statistics | FXIFY | FundedNext |
|---|---|---|
| Rating | 4.3/5 | 4.5/5 |
| Number of Reviews | 2,382 | 18,332 |
| 5-Star Ratings | 80% | 83% |
FXIFY has an excellent rating of 4.3/5. This is out of a total of 2,382 reviews, where 80% of them are rated as 5 stars. FundedNext, on the other hand, also has an excellent rating of 4.5/5. However, this is out of a total of 18,332 reviews, where 83% of them are rated as 5 stars.
Conclusion
In conclusion, FXIFY and FundedNext 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. FXIFY has a two-step evaluation, a one-step evaluation, and a three-step evaluation, while FundedNext has three two-step evaluations and three one-step evaluations.
This concludes our comparison between FXIFY and FundedNext. 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!
FXIFY 15% discount code: FOREXPROPREVIEWS
FundedNext 5% active discount code: FOREXPROPREVIEWS
Our comparison between FXIFY and FundedNext was last updated on 18.06.2024 at 07:56 (CE(S)T).
