TPThe Trading Playbook

Updated March 2026 · 8 firms ranked

Best FXIFY Alternatives

FXIFY's closure left many traders searching for prop firms that match its trader-friendly approach—reasonable drawdown rules, fair profit splits, and achievable scaling opportunities. When evaluating alternatives, prioritize firms with similar risk parameters (typically 8-12% daily and overall drawdowns), competitive profit sharing that improves with performance, and proven track records of actually paying traders rather than creating barriers to withdrawals. The best FXIFY replacements maintain that balance between realistic trading conditions and legitimate business practices that made FXIFY popular before its shutdown. We've analyzed 8 leading prop firms based on their account rules, payout reliability, scaling potential, and overall trader satisfaction, with FTMO emerging as the top alternative for former FXIFY traders.

1

FTMO

Top Pick

FTMO ranks #1 as the best FXIFY alternative due to its exceptional reputation with a 4.8/5 Trustpilot rating from over 40,000 reviews and generous 80%-90% profit splits, making it the most established and trusted option since 2015. While the $540 price for a $100k account is higher than many competitors and news trading faces restrictions with a 2-minute buffer around major events, FTMO's free retry policy when profit targets are met but other rules are breached provides valuable flexibility that sets it apart from other alternatives.

trustpilot: 4.8/5 (40,000 reviews)payout: 80%–90%news trading: restricteddaily loss: 5%total loss: 10%
Most established and trusted brand in prop trading (est. 2015)
Free retry policy if profit target met but other rule breached
Multiple platform options (MT4, MT5, cTrader, DXtrade)
News trading restricted (2 min buffer around major events)
Higher challenge prices than most competitors at same account sizes
2

FundedNext

FundedNext earns the #2 spot among FXIFY alternatives by offering exceptional flexibility with no time limits on challenge phases and up to 95% profit splits with guaranteed 24-hour payouts, backed by strong trader satisfaction (4.5/5 stars from 61,000 Trustpilot reviews). The firm provides competitive trading conditions with 5% daily and 10% total loss limits, news trading allowed, and access to multiple platforms including MT4, MT5, and TradingView across forex, crypto, and futures markets. However, being established only in 2022, FundedNext has a shorter track record compared to more established alternatives, and traders must still navigate daily loss restrictions despite the flexible timing structure.

trustpilot: 4.5/5 (61,000 reviews)payout: 80%–95%news trading: alloweddaily loss: 5%total loss: 10%
No time limit in challenge phases allowing flexible trading approach
Up to 95% profit split with performance rewards guaranteed in 24 hours
15% profit share available from challenge phase itself
Relatively new firm established in 2022 with less track record
Daily loss limits still apply despite no time restrictions
3

The5ers

The5ers ranks #3 as a FXIFY alternative due to its exceptional scaling potential up to $4M in funded capital and 100% profit split, backed by strong trader trust with a 4.8/5 Trustpilot rating from 21,000 reviews. While the firm offers industry-leading spreads and reasonable risk management with 3% daily and 6% total loss limits, it falls short of the top two positions due to its limited 1:30 leverage and the $260 one-time fee that applies across all account sizes. The combination of excellent profit sharing and scaling opportunities makes it a solid FXIFY replacement, though leverage-focused traders may find better options elsewhere.

trustpilot: 4.8/5 (21,000 reviews)payout: 100%–100%news trading: N/Adaily loss: 3%total loss: 6%
Scale up to $4M in funded trading capital with industry-leading spreads
Up to 100% profit split with transparent one-time fees
Unlimited time limit for evaluations with no consistency rules
Limited leverage at 1:30 compared to some competitors
One-time fee of $260 applies to all account sizes
4

Alpha Capital Group

Alpha Capital Group ranks #4 as a FXIFY alternative primarily due to its exceptional flat challenge pricing of just $50 for all account sizes ($5K to $200K) and unlimited trading days for evaluations, making it highly accessible for traders. However, its lower leverage of 1:30 compared to competitors and limited transparency around available instruments prevent it from ranking higher despite its strong 4.7/5 Trustpilot rating from 17,000 reviews. The 80% payout and reasonable risk parameters (4% daily, 6% total loss) are competitive, but the unclear product offerings limit its appeal for traders seeking diverse trading opportunities.

trustpilot: 4.7/5 (17,000 reviews)payout: 80%news trading: N/Adaily loss: 4%total loss: 6%
Single flat challenge price of $50 for all account sizes from $5K to $200K
Unlimited trading days with no time limits to complete evaluations
Zero commission trading with raw spreads
Lower leverage at 1:30 compared to many competitors
Limited product information and unclear instrument availability
5

Quant Tekel

Quant Tekel ranks #5 as an FXIFY alternative due to its competitively priced challenges starting at just $30 for a $5K account and flexible evaluation options (2-step, instant, and aggressive), plus strong trader satisfaction with 4.4/5 stars from 12,000 Trustpilot reviews. However, its middle ranking reflects significant trading restrictions including banned news trading on most account types and prohibited copy trading strategies. While the 80%-90% payout and reasonable drawdown limits (4% daily, 10% total) are competitive, these limitations make it less appealing than higher-ranked alternatives for traders seeking maximum flexibility.

trustpilot: 4.4/5 (12,000 reviews)payout: 80%–90%news trading: restricteddaily loss: 4%total loss: 10%
Competitively priced QT Prime challenge from $30 for a $5K account
Multiple evaluation types — 2-step, instant, and aggressive options to suit different traders
80% profit split from day one, up to 90% as you scale
News trading restricted on funded accounts — 5-minute buffer required on QT Prime, banned on QT Power and QT Ultra
Copy trading and multi-account strategies not allowed
6

Funded Trading Plus

Funded Trading Plus ranks #6 among FXIFY alternatives due to its solid 4.7/5 Trustpilot rating from 3,000 reviews and flexible challenge options including Instant Funding alongside traditional 1-Step and 2-Step programs, plus weekly payouts starting immediately. However, its competitiveness is limited by lower 1:30 leverage compared to many alternatives and relatively high pricing at $549 for a $100k account. While it offers decent trading conditions with news trading allowed and reasonable drawdown limits (4% daily, 6% total), these limitations prevent it from ranking higher against stronger FXIFY alternatives.

trustpilot: 4.7/5 (3,000 reviews)payout: 80%–100%news trading: alloweddaily loss: 4%total loss: 6%
Multiple challenge types: Instant Funding, 1-Step, and 2-Step options
Fast weekly reward frequency starting from day 0
No monthly fees with transparent pricing structure
Lower leverage at 1:30 compared to many competitors
Limited account size options shown with pricing
7

Goat Funded Trader

Goat Funded Trader ranks #7 for FXIFY alternatives due to its attractive 100% profit split and scaling potential up to $2M, but significant limitations hold it back. The firm only offers MT5 as a trading platform, which restricts trader flexibility compared to competitors, and being established just in 2023 makes it relatively unproven despite its solid 4.3/5 Trustpilot rating from 5,000 reviews. While the $438 price for a $100k account and 4% daily loss limit are competitive, the limited platform options make it less appealing than higher-ranked alternatives.

trustpilot: 4.3/5 (5,000 reviews)payout: 100%–100%news trading: alloweddaily loss: 4%total loss: 6%
100% profit split available with scaling up to $2M
No time limits for completing challenges
News trading allowed without restrictions
Limited platform options (MT5 only)
Relatively new firm established in 2023
8

E8 Markets

E8 Markets ranks last among FXIFY alternatives due to significant operational concerns that outweigh its convenient single-phase challenge with just a 6% profit target. While the firm offers competitive pricing at $234 for a $100k account and maintains a solid 4.5/5 Trustpilot rating, its discretionary payout system and reliance solely on a 4% total drawdown limit without daily loss protection create unnecessary risk and uncertainty for traders seeking reliable FXIFY alternatives.

trustpilot: 4.5/5 (3,200 reviews)payout: 80%–100%news trading: alloweddaily loss: N/Atotal loss: 4%
Single-phase challenge — no Phase 2, pass with just 6% profit target
Pass in as little as 1 day with no minimum trading day requirement
Up to 100% profit split available on E8 ONE accounts
No separate daily loss limit — relies solely on EOD total drawdown (4% on Signature)
Payouts are discretionary and subject to E8's acceptance of performance data

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Disclaimer: Rankings are based on publicly available data collected from firm websites as of March 2026. Scores are calculated algorithmically — affiliate relationships do not influence placement. Always verify current terms before purchasing a challenge. This is not financial advice.