Which firm offers better profit splits?

FXIFY starts at 80% and scales to 90%, while Topstep starts at 50% and scales to 90%. For new funded traders, FXIFY provides 30% more profit from day one, making it significantly more lucrative initially.

Can I trade news events and use EAs with both firms?

FXIFY allows both news trading and expert advisors/bots without restrictions. Topstep's policies on news trading and automated strategies are not clearly specified, suggesting more conservative limitations.

Are both Topstep and FXIFY legitimate prop firms?

Both firms maintain identical 4.4/5 Trustpilot ratings, though Topstep has nearly three times more reviews (14,000 vs 5,000). Topstep's 12-year operating history provides more established credibility compared to FXIFY's recent 2023 founding.

Which evaluation process is easier to pass?

Topstep's single-phase evaluation is structurally simpler with no secondary profit target to manage. However, FXIFY's zero minimum trading days and higher daily loss tolerance (4% vs none specified) may offer more tactical flexibility during the challenge phase.

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Updated 2026-03-08

Topstep vs FXIFY: Which Prop Firm Is Better?

Traders choosing between Topstep and FXIFY face a decision between an established futures-focused firm and a newer forex challenger with more aggressive trader-friendly terms. The most significant difference is Topstep's single-phase evaluation versus FXIFY's traditional two-phase structure, while FXIFY offers an 80% profit split from day one compared to Topstep's 50% starting rate. This comparison examines their evaluation processes, payout structures, and trading conditions to help you determine which firm aligns with your trading style and experience level.

Topstep

Est. 2012 · Chicago, USA

4.4

14,000 reviews

3 wins

5 ties

6 wins

FXIFY

Est. 2023 · London, UK

4.4

5,000 reviews

Feature

Topstep

FXIFY

Challenge Price ($100K)

N/A

$59

Phase 1 Profit Target

N/A

10%

Phase 2 Profit Target

None (single-phase)✓ Single-phase evaluation

Max Daily Loss

No limit✓ No daily loss limit

Max Total Loss

N/A

10%

Min Trading Days

5 days

0 days✓ More flexible

Time Limit (Phase 1)

No limit

Payout Split

50% (up to 90%)

80% (up to 90%)✓ Higher starting split

Topstep

Pros

+Performance-based capital release structure with 20% initial access scaling to full balance

+Daily payout eligibility after 30 benchmark trading days with up to 90% profit split

+Performance bonus program offering over $250,000 in cash bonuses for consistent traders

+Dynamic risk expansion that adjusts daily loss limits as account balance grows

+Live Funded Account structure designed to help transition from simulated to live trading

Cons

−Must maintain account balance above $0 at all times or forfeit account

−Initial payout split limited to 50% until reaching 30 benchmark trading days

−Account automatically closed if inactive for 90 days

−All positions must be closed by 3:10 PM CT daily

−Protective stops required on every open position

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

Our Verdict

Which Should You Choose?

FXIFY suits aggressive traders who prioritize immediate profitability and flexible trading conditions. With an 80% starting profit split, zero minimum trading days, and permission for news trading and automated strategies, it's ideal for scalpers, news traders, and algorithmic traders who want maximum freedom and higher immediate returns.

Topstep better serves consistent, methodical traders who prefer simplicity and reliability. Its single-phase evaluation eliminates the complexity of managing multiple profit targets, while daily payouts and no daily loss limits appeal to traders who value steady income over maximum profit splits. The 12-year track record also provides confidence for risk-averse traders.

For most active traders seeking the highest profit potential, FXIFY wins with its 80% starting split, unrestricted trading strategies, and flexible evaluation terms, despite being newer to the market.

Choose Topstep if:

→Performance-based capital release structure with 20% initial access scaling to full balance

→Daily payout eligibility after 30 benchmark trading days with up to 90% profit split

→Performance bonus program offering over $250,000 in cash bonuses for consistent traders

→Dynamic risk expansion that adjusts daily loss limits as account balance grows

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

FXIFY — Start Your Challenge →Or try Topstep instead

Most traders choose FXIFY based on this comparison

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Frequently Asked Questions

Topstep vs FXIFY FAQ

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Try Topstep →Try FXIFY →

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.