Understanding Prop Firms
What Are Proprietary Trading Firms?
Proprietary (prop) trading firms allow traders to trade using the company’s capital. Instead of risking personal money, traders manage firm funds and share the profits they make. This model attracts both beginners and pros who want to scale faster.
How Do Funded Accounts Work?
A trader first completes a challenge or evaluation to prove their skill. Once they pass, they receive afunded account, meaning they can trade with the firm’s capital and earn a share of the profits.
Overview of FundedFirm
Company Background
FundedFirm entered the prop trading space with a mission to simplify funding. Their process is transparent, and they focus heavily on trader growth and long-term success.
Trading Platforms and Instruments
FundedFirm supports MetaTrader 4 and MetaTrader 5, offering access to forex pairs, indices, commodities, and crypto. Their spreads are tight, and execution speed is fast — ideal for scalpers and swing traders alike.
Overview of FXIFY
Company Background
FXIFY has quickly gained traction in the trading community. The company emphasizes flexibility, innovative tech, and fair trading conditions, appealing to traders who want fewer restrictions and better payouts.
Trading Platforms and Supported Assets
FXIFY also supports MT4 and MT5, with access to forex, indices, metals, and crypto. The variety ensures traders can diversify their strategies without limitation.
FundedFirm vs FXIFY: A Quick Comparison Table
|
Feature |
FundedFirm |
FXIFY |
|
Platforms |
MT4, MT5 |
MT4, MT5 |
|
Profit Split |
Up to 90% |
Up to 90% |
|
Max Funding |
$600,000 |
$400,000 |
|
Leverage |
Up to 1:100 |
Up to 1:100 |
|
Evaluation Phases |
2-Phase Challenge |
2-Phase Challenge |
|
Payout Frequency |
Bi-weekly |
Weekly |
|
Minimum Payout |
$100 |
$50 |
|
Refund on Passing |
Yes |
Yes |
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