FUNDEDNEXT VS FXIFY
Rating breakdown
FundedNext Overview
In 2022, Next Ventures launched a new platform: FundedNext was live. The prop firm quickly made a name for itself by its generous capital allowance: a staggering $4 million was on the table for FundedNext traders who get to keep 90% of any profits made.
Rating breakdown
FXIFY Overview
FXIFY is a London-based proprietary trading firm that provides traders with access to up to $400,000 in capital, which can be scaled up to $4 million. Co-founded in 2023 by David Bhidey and Peter Brown, FXIFY offers flexible assessment programs, including One-Phase and Two-Phase options.Compare FUNDEDNEXT VS FXIFY Trading Features
| Trading Feature | FUNDEDNEXT | FXIFY |
|---|---|---|
| 💰 Fees: | For FundedNext evaluation model, you pay for the challenge costs from $99 for a $15,000 funded account to $999 for a $200,000 funded account. | Assessment fees range between $175 and $1,999 depending on the capital access you need, with pricing increasing as funding does. |
| 🚀 Profit split: | FundedNext pays out up to 90%. Your profit share will start at 60% in the express real account. After the first withdrawal, it will get bumped to 75%, and after the second withdrawal, it will again get bumped to 90%. | Performance split is 75% to the trader as standard. Or upgrade at the checkout for a 90% split in favour of the trader. |
| ✔️ Evaluation: | You must need to meet at least 10% account growth accumulatively in four consecutive months in a real account. In these four consecutive months, you need to make a minimum of two payouts, and your last month should end in a profit. | By completing both evaluation phases, you are awarded a funded account with no minimum withdrawal requirements. You must only respect the 5% maximum daily loss and 10% maximum loss rules. |
| 🎯 Profit Target: | A trader must achieve a profit target of 25% during the express model evaluation period without exceeding the 5% daily maximum profit or 10% maximum loss limits. | The profit target is 10% in phase one and 5% in phase two |
| ⚓ Maximum drawdown (MDD): | Your maximum daily drawdown on any given day is 5% of your account balance | The maximum total drawdown ranges from 5% to 10%. |
| ⌛ Trading Period: | There is no time limit or pressure to reach any profit target within a restricted period. | The minimum time to complete the FXIFY™ Challenge is 5 trading days. |
| ⚖️ Leverage: | FundedNext provides leverage of 1:100 to all trading accounts. | Standard accounts have the following leverage 30:1 (FX & Gold) Indices 10:1, Stocks 2:1, Crypto 2:1. You can also customise the leverage at the checkout and increase it to a generous 50:1 ( FX & Gold ) |
| 🔧 Instruments: | You can trade all the different assets that are available in the MT4, including Forex currency, raw feed, indices, and commodities. | FXIFY provides access to over 300 instruments, including FX, metals, indices, and stocks. |
| 📰 Allow Trade News: | Yes with FundedNext you can trade during news events. | Yes, you are able to trade new events. Although they do not restrict news trading, traders should be aware that trades might not get filled at desirable prices due to higher volatility and lower liquidity during these times. |
| 🔄 Weekend Position: | Yes you are permitted to hold your trade overnight & over the weekend for the Evaluation program | Yes, you can hold positions over the weekend. Traders have to be aware of the risk of doing so. Weekend gaps are not uncommon, and markets are usually volatile and liquidity is thin when the market reopens. |
After spending several days researching different Proprietary Trading Firm for funded trading accounts, our team at start-business-online.com team collected various data points. For this review, we will compare Fundednext vs Fxify.
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Are FUNDEDNEXT or FXIFY currently the best possible options in the market? No Proprietary Trading Firm is perfect, and those two are no exception. While they do have a lot of pros, there are plenty of reasons why you might be looking for an alternative. So which Firms are better than Fundednext and Fxify? Want to jump straight to the answer?
Compare FUNDEDNEXT VS FXIFY Funded Trading Accounts Programs - Find the best firm for you
FUNDEDNEXT VS FXIFY Prop Trading Firms at a glance
A handy comparison table with all the key facts for the Funded Trading Accounts Programs.
| Evaluation Metric | How they performed |
|---|---|
| Challenge Assessment | Not all traders will be suited to the FundedNext approach. While the rewards are high, the evaluation does not come without its rules and some traders will simply not be suited to the parameters of a prop firm challenge. On the other hand Overall, FXIFY's challenges are designed to test traders’ skills and consistency, with varying levels of difficulty to suit both novice and experienced traders. |
| Customer support | The FundedNext firm has no restrictions on trading style. Their program is a great option regardless of the type of trader you are because they also provide very flexible trading guidelines. On the other hand FXIFY offers significant flexibility in its trading programs. Traders benefit from instant payouts on demand, no trading restrictions, and unlimited trading days. The firm accommodates various trading strategies, including the use of Expert Advisors (EAs), and allows traders to work with proprietary funds up to $400,000. With customizable leverage and a wide range of tradable instruments, FXIFY provides an adaptable environment tailored to different trading styles and needs. |
| Fee | The FundedNext fees are not above the industry average, but there is of course an entry payment required for participating in the Challenge. on the minimum plan with a $15,000 balance, the initial fee is $99. To get the maximum balance of $200,000, you have to pay $999. On the other hand FXIFY offers transparent and flexible pricing for its evaluation programs, catering to different trading needs. Fees range from $59 to $1,999. |
| Payout scheme | With FundedNext traders are entitled up to 90% of the profits they earn on a funded account. And withdrawing is simple. You will receive the first payout after four trading weeks, and from the second payout onwards, you will receive it every two trading weeks (14 days). The cycle will start once you place the first trade in your real account and will be applicable for each consecutive cycle. On the other hand The first payout on a funded account is available on-demand, with no minimum amount or trading day requirements. Subsequent withdrawals can be requested monthly, or bi-weekly if an add-on option is chosen when purchasing the account. |
The Verdict: Fundednext or Fxify?
There’s no such thing as a perfect Proprietary Trading Firm, but some are going to be a better fit for you than others.
Objectively, Fundednext is more reliable based on our criteria above.
What We Really Like on Fundednext
Unlimited evaluation free retries (7% Off Exclusive Offer)
No restrictions on trading style
Overnight and weekend holding allowed
A large variety of trading instruments
What We Do not Like on Fxify
High Assessment Fee
Minimum Trading Days
Trailing Drawdown
Other Important Factors That Influence Our decision the most
FXIFY vs. FundedNext: A Head-to-Head Comparison
While both FXIFY and FundedNext offer competitive opportunities for traders, FundedNext emerges as the winner due to its higher capital offering, dedicated account management, and transparent partnership with a regulated broker. Let’s dive into the specifics of each platform and why FundedNext stands out as the superior choice.
1. Capital Allocation
FXIFY: Offers traders access to up to $400,000 in capital, which is competitive but limited compared to other firms.
FundedNext: Provides up to $4 million in capital, offering traders a significantly larger account size, allowing for greater opportunities to scale their profits.
Winner: FundedNext (due to the substantially higher capital offering).
2. Profit Sharing
FXIFY: Features a high profit share of 90%, allowing traders to keep a substantial portion of their earnings.
FundedNext: Matches FXIFY with up to 90% profit share, but its additional capital capacity allows traders to earn more in absolute terms.
Winner: Tie (Both offer competitive 90% profit sharing, but FundedNext has the potential for higher overall profits due to larger account sizes).
3. Trading Flexibility
FXIFY: Has no trading restrictions—no minimum trading days or consistency rules, allowing traders to use automated strategies (EAs) and trade as they see fit. This freedom is attractive to those who dislike rigid trading rules.
FundedNext: Though it has minimum trading day requirements (10 days/month) and consistency rules in some funding models, traders who opt for the Express model enjoy unlimited time to reach profit targets. Moreover, traders have the freedom to use any trading style or strategy, with the ability to trade 24/5 or even overnight and on weekends, depending on the account type.
Winner: FXIFY (for complete trading freedom with no minimum day requirements).
4. Evaluation Process
FXIFY: Offers a flexible evaluation with unlimited trading days and no time limits for completing assessments, making it a relaxed option for traders. However, it imposes a 5 minimum trading day rule, and its trailing drawdown in one-phase evaluations and strict 5% maximum loss limit in three-phase evaluations can be challenging.
FundedNext: Requires traders to meet profit targets within a defined period unless choosing the Express model, which offers unlimited time. While the evaluation process is more structured, the flexibility to meet targets at your own pace in Express mode mitigates these restrictions.
Winner: FundedNext (due to flexible evaluation models like the Express option, which offers time freedom without compromising funding potential).
5. Fee Structure
FXIFY: Has a relatively high minimum assessment fee of $175, which may deter newer traders. Additionally, the default monthly payout cycle could be limiting, though bi-weekly payouts are available with an add-on.
FundedNext: Charges standard industry fees, but the entry fees are not prohibitive, and traders can access high capital with a reasonable initial cost. Though there’s a risk of losing the evaluation fee, FundedNext’s larger capital pool makes the potential rewards worth the investment.
Winner: FundedNext (for more competitive fee structures relative to the capital offered).
6. Payouts & Withdrawals
FXIFY: Allows traders to request instant payouts after completing their first trade, a standout feature in the prop trading world. However, the default payout cycle is monthly, which may be slower than desired for some.
FundedNext: Offers regular payout options, and while it may not be instant, its flexibility in payout processing is competitive, especially when paired with its more extensive capital offerings and 90% profit share.
Winner: FXIFY (for instant payouts, though FundedNext offers more capital for long-term traders).
7. Broker Partnership & Trustworthiness
FXIFY: Partners with FXPIG, a trusted broker since 2010, which adds credibility and reliability to its trading environment.
FundedNext: Collaborates with EightCap, an ASIC-regulated broker recognized as the Best Global Forex MT4 Broker 2020, offering an additional layer of transparency and trust. The regulatory partnership gives traders confidence in the legitimacy of the firm.
Winner: FundedNext (due to its collaboration with a regulated, award-winning broker, ensuring trust and transparency).
8. Customer Support
FXIFY: Has been criticized for poor customer service and issues with spreads, according to user feedback. While its platform is solid, service problems can affect the overall user experience.
FundedNext: Assigns each trader a dedicated account manager, ensuring personalized service and addressing trader queries swiftly. Although some users have experienced minor service issues, overall satisfaction remains higher than FXIFY’s.
Winner: FundedNext (for personalized support through dedicated account managers).
Final Verdict: FundedNext Wins
FundedNext surpasses FXIFY in several key areas: higher capital offerings, dedicated account management, and trusted regulatory partnerships make it the better choice for serious traders seeking scalability and long-term growth. While FXIFY’s instant payouts and trading freedom are appealing, FundedNext’s overall package, including its flexible evaluation process and superior customer support, makes it the clear winner.
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