FXIFY & The5ers Three-step Comparison
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Welcome to our comparison between FXIFY and The5ers, 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 | The5ers |
|---|---|---|
| Incorporation Date | May 2023 | April 2020 |
| CEO | David Bhidey & Peter Brown | Gil Ben Hur |
| Office Location | London, UK | London, UK |
| Scaling Plan |  | |
FXIFY and The5ers 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. The5ers, on the other hand, was incorporated in April 2020 while being managed by its CEO, Gil Ben Hur. Additionally, their offices are located in London, UK.
Funding Program Options
| Funding Program Options | FXIFY | The5ers |
|---|---|---|
| One-step Evaluation | |  |
| Two-step Evaluation | | |
| Three-step Evaluation | | |
| Instant Funding | | |
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. The5ers, on the other hand, allows its traders to choose between three funding programs to acquire funding, a two-step evaluation, a three-step evaluation, and instant funding.
Three-step Comparison
| Trading Rules/Objectives | FXIFY | The5ers |
|---|---|---|
| Profit Target (Phase 1) | 5% | 6% |
| Profit Target (Phase 2) | 5% | 6% |
| Profit Target (Phase 3) | 5% | 6% |
| Maximum Daily Loss | 5% | No Daily Drawdown |
| Maximum Loss | 5% | 5% |
| 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) | 1:10 |
| Profit Split | 75% up to 90% | 50% up to 100% |
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 | The5ers |
|---|---|---|
| $10,000 | $59 | |
| $15,000 | $79 | |
| $25,000 | $149 | |
| $50,000 | $249 | |
| $100,000 | $399 | $95 (+ $205 After Passing) |
| $200,000 | $799 | |
| $250,000 | | $225 (+ $350 After Passing) |
| $400,000 | $1,599 | |
Brokers & Trading Platforms
Now that we have addressed the trading objectives, account sizes, and costs associated with FXIFY and The5ers, it’s time to examine the brokers and trading platforms compatible with each proprietary trading entity.
| FXIFY | The5ers | |
|---|---|---|
| Broker | FXPIG | Liquidity Provider who gives them Direct Market Access |
| Trading Platform | MetaTrader 4, MetaTrader 5, DXtrade | MetaTrader 5 |
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 The5ers.
| Trading Instrument | FXIFY | The5ers |
|---|---|---|
| Forex Pairs | | |
| Commodities | | |
| Indices | | |
| Stocks | | |
| Cryptocurrencies | | |
Community Feedback
The last topic we will cover is community feedback from FXIFY and The5ers. The statistics are taken from the Trustpilot page of each of the mentioned companies.
| Trustpilot Statistics | FXIFY | The5ers |
|---|---|---|
| Rating | 4.3/5 | 4.9/5 |
| Number of Reviews | 2,382 | 6,041 |
| 5-Star Ratings | 80% | 91% |
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. The5ers, on the other hand, also has an excellent rating of 4.89/5. However, this is out of a total of 6,041 reviews, where 91% of them are rated as 5 stars.
Conclusion
In conclusion, FXIFY and The5ers 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 The5ers has a two-step evaluation, a three-step evaluation, and an instant funding program.
This concludes our comparison between FXIFY and The5ers. 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
The5ers 10% active discount link: https://the5ers.com/?ref=7909
Our comparison between FXIFY and The5ers was last updated on 17.06.2024 at 11:21 (CE(S)T).
