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 |
|---|---|---|
| 🖥️ Trading Platforms: | ||
| 💰 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. |
| 💰 Payout Policy: | Evaluation: First payout is 28days, then 14days. Express: payout is every 28days. Stellar 1-Step: Every 5 days. Stellar 2-Step: First payout is 28days, then 14days. Stellar lite: First payout is 21 days, then 14 days. If payout is below $20, you can't withdraw. If payout is above $20, you can withdraw through USDT(TRC20). To request payout through riseworks, minimum payout is $50. For Iranian users, the minimum payout of TC pay is $20 and the maximum is $5000. | Profit split: 80% all accounts (90% add-on can be purchased during checkout). Payout frequency For 1-phase, 2-phase, and 3-phase: First payout on-demand, 30 days then after (No minimum withdrawal). Payout frequency For Instant: 14 days ($50 min withdrawal). Scaling plan: (No scaling for Instant accounts). The trader must achieve a 10% return in the first three months, ensuring at least two months are profitable, to qualify for a 25% scaling up. Future scaling will happen every three months under the same conditions, with the account balance doubling each time. |
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.
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. |