Traders choosing between FXIFY and E8 Markets face a classic trade-off between affordability and accessibility. FXIFY offers one of the lowest entry costs at $59 for a $100K challenge, while E8 Markets counters with more trader-friendly rules including no daily loss limits and a single-phase evaluation with just a 6% profit target. Both firms have established solid reputations since their respective launches, but their evaluation structures cater to fundamentally different trading approaches. This comparison examines their key differences across pricing, challenge requirements, and trading conditions to help you determine which better fits your strategy and budget.
F
FXIFY
Est. 2023 · London, UK
4.4
5,000 reviews
VS
6 wins
4 ties
4 wins
EM
E8 Markets
Est. 2021 · N/A
4.5
3,200 reviews
Feature
FXIFY
E8 Markets
Challenge Price ($100K)
$59✓ Lower entry cost
$260
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%
N/A
Min Trading Days
0 days
None✓ No minimum
Time Limit (Phase 1)
No limit
No limit
Payout Split
80% (up to 90%)✓ Higher profit split
80%
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
+Over $69 million paid out to traders since 2021
+Simulated trading environment with no margin calls or deposits required
+Fast payout qualification possible in as little as 3 days
+Multiple markets available: Forex, Futures, and Crypto
+Money back guarantee if unsatisfied before starting trading
Cons
−Payouts are discretionary and not guaranteed
−Limited account size options compared to other firms
−SaaS simulation model rather than live capital trading
−Requires E8's acceptance and licensing of performance data for payouts
Our Verdict
Which Should You Choose?
E8 Markets is the clear choice for traders who prefer flexible risk management and simplified evaluation processes. Their single-phase challenge with a 6% profit target, combined with no daily loss limits or minimum trading days, makes it ideal for swing traders, position traders, and anyone who needs breathing room in their risk management. The lack of daily drawdown restrictions is particularly valuable for traders who occasionally take larger positions or trade volatile news events.
FXIFY better suits cost-conscious traders and those confident in their ability to navigate stricter rules. At $59 versus E8's $260, it's significantly more accessible for beginners or traders wanting to test multiple strategies without major upfront investment. The higher profit targets (10% then 5%) and 4% daily loss limit make it challenging but not impossible for disciplined scalpers and day traders. For traders prioritizing low entry costs and willing to work within tighter constraints, FXIFY offers exceptional value despite the more demanding requirements.
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:
→Over $69 million paid out to traders since 2021
→Simulated trading environment with no margin calls or deposits required
→Fast payout qualification possible in as little as 3 days
→Multiple markets available: Forex, Futures, and Crypto
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.