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Updated 2026-03-08
FXIFY vs E8 Markets: Which Prop Firm Is Better?
Traders choosing between FXIFY and E8 Markets face a classic prop firm trade-off: ultra-low entry costs versus more forgiving challenge rules. FXIFY's $59 challenge fee is less than a quarter of E8's $234, but E8 Markets counters with a 6% profit target versus FXIFY's 10% and no daily loss limit. Both firms allow news trading and offer competitive profit splits, making this decision largely about whether you prioritize affordability or easier challenge completion. This comparison breaks down the key differences in pricing, rules, and payout structures to help you choose the right fit for your trading style.
F
FXIFY
Est. 2023 · London, UK
4.4
5,000 reviews
VS
5 wins
5 ties
4 wins
EM
E8 Markets
Est. 2021 · Prague, Czech Republic
4.5
3,200 reviews
Feature
FXIFY
E8 Markets
Challenge Price ($100K)
$59✓ Lower entry cost
$234
Phase 1 Profit Target
10%
6%✓ Easier to pass
Phase 2 Profit Target
5%
None (single-phase)✓ Single-phase evaluation
Max Daily Loss
4%
No limit✓ No daily loss limit
Max Total Loss
10%✓ More drawdown room
4%
Min Trading Days
0 days✓ More flexible
1 days
Time Limit (Phase 1)
No limit
No limit
Payout Split
80% (up to 90%)
80% (up to 100%)✓ Higher profit split
FXIFY
Pros
+First payout on demand after closing first trade - no minimum days or targets
+Up to $400,000 starting capital with scaling up to $4M available
+No consistency rules, no stop loss required, weekend holding allowed
+EAs, Martingale & Grid strategies allowed with flexible trading conditions
+$35M+ already paid out to traders with highest single payout of $117,000
Cons
−Relatively new firm established in 2023 with shorter track record
−Higher leverage options require add-ons at checkout (up to 1:50)
−Some account customization features require additional fees
−Limited information on specific challenge pricing for larger accounts
E8 Markets
Pros
+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
+Copy trading across your own accounts is fully permitted
+E8 ONE offers selectable drawdown (4–14%) and payout (80–100%) to match your style
Cons
−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
−Cross-account hedging and signal services are prohibited
−E8 ONE funded accounts have a 5-minute news restriction around high-impact events
−60-day inactivity rule — account closed if no trade placed within 60 days
Our Verdict
Which Should You Choose?
FXIFY suits budget-conscious traders who can handle stricter rules, while E8 Markets works better for traders who want maximum flexibility and easier challenges. FXIFY's $59 entry cost makes it ideal for beginners testing multiple attempts or traders wanting to run several accounts simultaneously. However, the 10% profit target and 4% daily loss limit require disciplined risk management.
E8 Markets wins for scalpers and high-frequency traders who need the freedom of no daily loss limits, plus the 6% profit target and single-phase evaluation make it significantly easier to pass. The $234 entry fee pays for itself if you value the reduced stress and higher probability of success.
For most traders, E8 Markets offers the better overall package despite the higher cost. The combination of no daily loss limit, lower profit targets, and single-phase evaluation creates a more trader-friendly environment that justifies the 4x price difference. Choose FXIFY only if budget is your primary constraint or you're specifically testing strategies across multiple accounts.
Choose FXIFY if:
→First payout on demand after closing first trade - no minimum days or targets
→Up to $400,000 starting capital with scaling up to $4M available
→No consistency rules, no stop loss required, weekend holding allowed
→EAs, Martingale & Grid strategies allowed with flexible trading conditions
Choose E8 Markets if:
→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
→Copy trading across your own accounts is fully permitted
Disclaimer:This comparison is for informational purposes only. Prop firm rules change regularly — always verify current terms on each firm's official website before purchasing a challenge. This is not financial advice. Updated 2026-03-08.