E8 Markets vs FXIFY
Which of these two is likelier to end your account, and why — compared rule by rule from what each firm publishes.
Short answer
- The drawdown works differently, and that is the difference that matters. E8 Markets' loss limit is fixed to your starting balance and never moves; FXIFY's follows your highest closed balance, ignoring open profit. FXIFY: Only closed profit moves it, so a winning trade you have not banked yet gives you no extra room and costs you none.
- Entry cost: E8 Markets from $58, FXIFY from $99.
Figures below are what each firm publishes. Confirm them on the firm's own site before paying for an evaluation — these rules change without notice.
E8 Markets
FXIFY
Side-by-Side Specifications Matrix
Every figure below is taken from the firm's own published rules. Check the source and date under the table before you size a position on it — prop firm rules change without notice.
| Evaluation Parameter | E8 Markets | FXIFY |
|---|---|---|
| Asset Class / Market | MULTI-ASSET | MULTI-ASSET |
| Drawdown Calculation Type | Customizable Static E8 sells other products whose drawdown is not static — E8 One trails on closed balance and Signature/Zero trail end-of-day until they lock. This record describes Classic. |
Trailing Closed-Balance HWM (locks at start balance) FXIFY's own FAQs label the 'Two Phase' drawdown 10% Trailing on the assessment-rules page and 10% Static on the static-drawdown page, so check which 2-Phase variant you bought. The 2-Step limit trails your highest closed balance (floating profit does not move it) and stops trailing once you are 10% up or take your first payout; Three Phase is static from day one. |
| Max Daily Loss | 4.0% 4% measured from your balance at the start of the day, and it counts floating losses as well as closed ones — an open trade can breach it. |
4% 4% on the 2-Step, measured against the balance recorded at 5PM EST the previous day; One Phase is 3%, Three Phase 5%, Instant Funding 8%, Lightning 3%. |
| Max Overall Loss | 8.0% 8% measured on running equity including floating loss, across the whole evaluation. |
10.0% 10% on the 2-Step; One Phase is 6%, Three Phase 5%, Instant Funding 8%, Lightning 4%. |
| Profit Split | 80% - 100% | 80% - 90% |
| Minimum Trading Days | 0 Days No minimum and no time limit, but you must place and close at least one trade every 60 days or the account is closed. |
0 Days |
| News Trading Policy | ✓ Unrestricted news trading allowed | ✓ News trading allowed with zero time restriction windows |
| Weekend & Overnight Holding | ✓ Permitted (Weekend holding and overnight swing positions allowed) | ✓ Permitted (Weekend and overnight holding permitted across all account types) |
| Supported Platforms | MT5, cTrader, TradeLocker | MT4, MT5, DXtrade, TradingView |
| Payout Schedule | On-demand payouts after first 8 days | On-demand Day 1 payouts (bi-weekly thereafter) |
| First Payout Eligibility | 8 calendar days | Day 1 (immediate upon passing and trading) |
| Consistency Rule | None during the evaluation; a 40% best-day rule applies once you are on an E8 Trader (funded) account No consistency rule during the evaluation; on a funded E8 Trader account a 40% best-day rule applies, and your payout share must also exceed 50% of your daily drawdown. |
No consistency rule published for the 2-Step; other FXIFY programmes carry 20-30% best-day rules Lightning caps your best day at 30% of total profit, Instant Funding Lite at 20%, Crypto funded accounts at 25%, and Two Phase Pro stops you for the day at $4,000 profit. |
| Islamic / Swap-Free Option | ✓ E8 X Custom Swap-Free Swap-Free toggle available via E8 X customizer dashboard during challenge setup |
✓ Swap-Free Checkout Add-on Swap-Free add-on available at checkout; eliminates overnight swap charges permanently on live simulated accounts |
| US Residents Accepted | ✓ Accepted | ✗ Restricted |
| Maximum Capital Allocation | $1,000,000 | $4,000,000 |
Where these figures come from. Read from E8 Markets' own published rules on : E8 Classic rules · Best-day rule. Prop firm rules change without notice — confirm on the firm's own site before you pay for an evaluation.
Where these figures come from. Read from FXIFY's own published rules on : Daily loss limit by programme (3/4/5%) and the · Instant Funding 8% daily drawdown, same 5PM ES · Lightning 3% daily drawdown, 4% trailing max d · Per-phase table · Trailing mechanism · Static drawdown definition, and the page that · Instant Funding 8% trailing max drawdown and i · Platform list including TradingView · Identical platform sentence, confirming the li · Instant Funding Lite 20% best-day rule and 10- · 25% best-day rule on Crypto funded accounts, w · Two Phase Pro $4,000/day profit cap and same-d · 60-day inactivity breach · Profit forfeiture on hard breach and the Perfo · Prohibited strategies and the termination-plus · Programme-specific copy-trading ban · One profile per person, no second account unde. Prop firm rules change without notice — confirm on the firm's own site before you pay for an evaluation.
What can end the account even if you are profitable
These are the rules people usually find out about after a payout is refused.
- E8 Markets: On a funded E8 Trader account your best single day cannot be more than 40% of your total profit, or the payout is blocked until you trade more. source
- E8 Markets: Your payout share must be larger than 50% of your daily drawdown — on a $100,000 account that means at least $2,001 of profit before you can withdraw anything. source
- E8 Markets: If you do not place and close at least one trade every 60 days the account is closed, however profitable it was. source
- FXIFY: If you go 60 days without placing a single trade, FXIFY breaches your account and it is over, evaluation or funded. source
- FXIFY: If you hard-breach a funded account you lose every dollar of profit you have not already been paid, unless you bought the Performance Protect add-on at the original checkout, which is the only way to keep it. source
- FXIFY: FXIFY terminates your account and wipes your profits to zero if you use latency arbitrage, high-frequency trading, hedging positions across accounts, order-book spamming, trading the same setups as a group, exploiting platform bugs, or let anyone else trade for you, including a paid pass-your-challenge service. source
- FXIFY: On Instant Funding, Instant Funding Lite, 2 Phase Pro and the Lightning Plan you may not copy trades in from anyone else, such as a signal service or a copier bot, and doing so breaks FXIFY's terms; copying between your own FXIFY accounts is allowed on the other programmes. source
- FXIFY: You may register only one profile with FXIFY, and opening a second one under a different email address is a rule violation. source
- FXIFY: On the Lightning Plan your single best trading day cannot be worth more than 30% of your total profit, or you do not meet FXIFY's payout requirement. source
- FXIFY: On Instant Funding Lite your best trading day cannot be worth more than a fifth of your total profit, and you must also have traded on 10 separate days since your first trade before you can be paid. source
- FXIFY: On the Crypto Instant Funded and Crypto 1-Phase funded accounts no single trading day's profit may exceed 25% of your profit for that payout period, though this does not apply during the crypto challenge step. source
- FXIFY: On Two Phase Pro you are closed out of the market for the rest of the day the moment you make $4,000 of profit, and you can only trade again the next day. source
Drawdown Architecture: E8 Markets vs FXIFY
The fundamental differentiator between E8 Markets and FXIFY lies in how risk and liquidation thresholds are tracked:
E8 Markets: Customizable Static
E8 Markets applies a Customizable Static approach. Under this structure, your stop loss floor is anchored to balance intervals. This ensures that temporary floating open profits do not pull your stop loss floor higher in real-time.
FXIFY: Trailing Closed-Balance HWM (locks at start balance)
FXIFY implements a Trailing Closed-Balance HWM (locks at start balance) model. Open equity peaks will instantly adjust your maximum loss threshold tick-by-tick.
The Trader's Verdict: Which Firm Should You Choose?
Depending on your trading style, asset preference, and capital requirements, here is how our research team segments the two providers:
Choose E8 Markets if you:
- Want Customizable Static risk management.
- Trade primarily MULTI-ASSET instruments with MT5, cTrader, TradeLocker.
- Value Traders looking for bespoke, customizable challenge specifications (custom drawdown cushion, profit targets, and payout terms).
- Want the ability to hold swing positions over weekends and economic news releases.
- Seek up to $1,000,000 in maximum scaling capital.
Choose FXIFY if you:
- Prefer Trailing Closed-Balance HWM (locks at start balance) execution terms.
- Trade MULTI-ASSET via MT4, MT5, DXtrade.
- Value Traders demanding on-demand Day 1 payouts with a trailing drawdown that locks to the starting balance after the first payout and no minimum trading days.
- Want flexible swing trading terms without time limits.
- Want access to starting entry fees at $99.