FXIFY & MyFundedFX Three-step Comparison
Home » FXIFY & MyFundedFX Three-step Comparison
All Comparisons
NEWSLETTER
Always stay up to date with our latest news
Welcome to our comparison between FXIFY and MyFundedFX, where we will compare all the major aspects of each company. We will be looking into the companies themselves as well as the three-step evaluations that both offer to traders from all across the globe.
Company Details
| Company Details | FXIFY | MyFundedFX |
|---|---|---|
| Incorporation Date | May 2023 | June 2022 |
| CEO | David Bhidey & Peter Brown | Matthew Leech |
| Office Location | London, UK | Dallas, Texas |
| Scaling Plan |  | |
FXIFY and MyFundedFX 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. MyFundedFX, on the other hand, was incorporated in June 2022 while being managed by its CEO, Matthew Leech. Additionally, their offices are located in London, UK.
Funding Program Options
| Funding Program Options | FXIFY | MyFundedFX |
|---|---|---|
| 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. MyFundedFX, on the other hand, allows its traders to choose between five funding programs to acquire funding, two two-step evaluations, two one-step evaluations, and a three-step evaluation.
Three-step Comparison
| Trading Rules/Objectives | FXIFY | MyFundedFX |
|---|---|---|
| Profit Target (Phase 1) | 5% | 6% |
| Profit Target (Phase 2) | 5% | 6% |
| Profit Target (Phase 3) | 5% | 6% |
| Maximum Daily Loss | 5% | 4% |
| Maximum Loss | 5% | 8% |
| Minimum Trading Days | 5 Calendar Days | No Minimum Trading Days |
| Maximum Trading Period | Step 1: Unlimited Step 2: Unlimited Step 3: Unlimited | Step 1: Unlimited Step 2: Unlimited Step 3: Unlimited |
| Leverage | 1:30 (1:50 with Add-on) | 1:100 |
| Profit Split | 75% up to 90% | 80% |
After covering the trading objectives of each company’s three-step evaluations, let’s take a look at the account sizes and costs of these three-step evaluations.
| Account Size | FXIFY | MyFundedFX |
|---|---|---|
| $10,000 | $59 | $70 |
| $15,000 | $79 |  |
| $25,000 | $149 | $150 |
| $50,000 | $249 | $225 |
| $100,000 | $399 | $375 |
| $200,000 | $799 | $570 |
| $300,000 | | $900 |
| $400,000 | $1,599 | |
Brokers & Trading Platforms
Now that we have addressed the trading objectives, account sizes, and costs associated with FXIFY and MyFundedFX, it’s time to examine the brokers and trading platforms compatible with each proprietary trading entity.
| FXIFY | MyFundedFX | |
|---|---|---|
| Broker | FXPIG | ThinkMarkets, Purple Trading |
| Trading Platform | MetaTrader 4, MetaTrader 5, DXtrade | DXtrade, Match-Trader |
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 MyFundedFX.
| Trading Instrument | FXIFY | MyFundedFX |
|---|---|---|
| Forex Pairs | | |
| Commodities | | |
| Indices | | |
| Stocks | | |
| Cryptocurrencies | | |
Community Feedback
The last topic we will cover is community feedback from FXIFY and MyFundedFX. The statistics are taken from the Trustpilot page of each of the mentioned companies.
| Trustpilot Statistics | FXIFY | MyFundedFX |
|---|---|---|
| Rating | 4.3/5 | 4.2/5 |
| Number of Reviews | 2,382 | 1,791 |
| 5-Star Ratings | 80% | 82% |
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. MyFundedFX, on the other hand, has a great rating of 4.2/5. However, this is out of a total of 1,791 reviews, where 82% of them are rated as 5 stars.
Conclusion
In conclusion, FXIFY and MyFundedFX 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 MyFundedFX has two two-step evaluations, two one-step evaluations, and a three-step evaluation.
This concludes our comparison between FXIFY and MyFundedFX. 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
MyFundedFX 10% active discount code: FOREXPROPREVIEWS
Our comparison between FXIFY and MyFundedFX was last updated on 17.06.2024 at 11:29 (CE(S)T).
