1. Company Background and Reliability
The first major difference lies in the longevity and establishment of both firms.
- Audacity Capital is a veteran in the industry, founded in 2012. This provides a track record of over a decade, which is rare in the prop firm space. They operate as a Liquidity Provider, potentially offering more direct market access.
- FXIFY is a newer player, founded in 2023. Despite its shorter history, it has scaled rapidly with a high volume of reviews, indicating strong market adoption. They use FXPIG as their primary broker.
- Geographical Restrictions: Audacity strictly bans traders from the United States, whereas FXIFY does not include the US in its current banned list, making FXIFY the only option between the two for American residents.
2. Program Diversity and Flexibility
Both firms offer a wide variety of entry points, but their structures cater to different trader profiles.
- Step Variety: FXIFY offers 1, 2, and 3-phase challenges, including a "Lightning Plan" (7-day target) and "Instant Funding." Audacity focuses on the "Ability Challenge" (2-step), "Ability One" (1-step), and their "Funded Trader Program" (Instant).
- Asset Selection: FXIFY offers a significantly broader range of assets, including Stocks and a wider array of Cryptocurrencies. Audacity is more traditional, focusing on Forex, Indices, and Commodities.
- Platform Support: FXIFY provides more choice with MT4, MT5, DXTrade, and TradingView. Audacity is restricted to the MetaTrader ecosystem (MT4/MT5).
3. Drawdown and Risk Rules
The calculation of risk limits is where these firms differ most in technical execution.
- Max Drawdown Type: Audacity uses Balance-based drawdown, which is generally more trader-friendly as it ignores open equity fluctuations for the hard breach. FXIFY uses a mix: Static for 2-Phase Classic/3-Phase, but Trailing (Balance-based but capped) for others.
- Daily Drawdown: Audacity calculates the daily limit based on the highest value between balance and equity, which is a restrictive "combined" approach. FXIFY uses an Equity-based approach for daily limits (expressed as "Balance based" in some docs but interpreted as Equity-based in their ES translation).
- The Consistency Hurdle: Audacity implements a strict Consistency Score formula. Traders must maintain a score above 70 (calculated by profit distribution across days). If one day's profit is too high relative to the total, the payout might be delayed or the account reviewed. FXIFY has consistency rules primarily for specific plans like Lightning (30%) and Instant Lite (20%).
4. Trading Strategy Restrictions
Traders using automated systems or specific styles will find very different environments here.
- Expert Advisors (EAs): Audacity only permits self-developed EAs. Using commercial or third-party EAs is a breach. FXIFY is much more lenient, allowing EAs across most accounts except for the Lightning and Instant plans.
- News Trading: Audacity has a "3-minute window" restriction (before and after) for high-impact news. FXIFY allows news trading on most accounts, only restricting it on Lightning and Instant Funding accounts.
- Prohibited Styles: Audacity explicitly bans Martingale and Dollar Cost Averaging (DCA). FXIFY focuses more on banning technical exploits like latency arbitrage and high-frequency trading (HFT).
- Copy Trading: FXIFY allows copy trading if the trader provides proof of the master account ownership. Audacity’s stance is less transparent (marked as Unknown), suggesting higher risk for those using copy software.
5. Payouts and Profit Sharing
While both offer high percentages, the "fine print" affects how quickly you can withdraw.
- Profit Split: Both start around 75-80% and can scale to 90%. However, FXIFY allows you to purchase an add-on to increase your split immediately, while Audacity requires reaching specific performance milestones (doubling the account twice).
- Payout Frequency: FXIFY offers on-demand payouts for challenge accounts (after the first cycle) and bi-weekly options via add-ons. Audacity’s Ability Challenge starts with a 30-day wait for the first payout, moving to 14 days thereafter.
- Minimum Withdrawal: FXIFY has a low barrier of $50. Audacity’s Funded Trader Program requires reaching a 10% profit target before withdrawal, which is a significant hurdle for those wanting frequent small payouts.
6. Scaling and Growth Potential
Both firms offer paths to managed millions, but the "speed" of scaling differs.
- Audacity Scaling: They offer a 100% increase (doubling the balance) every 3 months if targets are met, up to $2,000,000. This is aggressive and rewards long-term consistency.
- FXIFY Scaling: They offer a 25% increase every 3 months, but their ceiling is higher, reaching up to $4,000,000.
- Add-ons: FXIFY provides a modular experience where you can pay extra for higher leverage, bi-weekly payouts, or "Performance Protect" (which allows a payout even after a breach). Audacity lacks these specific modular "power-ups."
7. Summary: Which Firm to Choose?
Choose Audacity Capital if:
- You prioritize institutional longevity and a firm with over 10 years of history.
- You are a manual trader who doesn't use third-party EAs.
- You prefer Balance-based Max Drawdown and are confident in maintaining a consistent profit distribution (to satisfy the Consistency Score).
- You want a scaling plan that doubles your account size relatively quickly.
Choose FXIFY if:
- You are a US-based trader or require a wider range of platforms like TradingView.
- You want customizable challenges (add-ons for leverage, profit split, etc.).
- You trade Stocks or a wide variety of Crypto.
- You use commercially available EAs or want to copy trades from your own master accounts.
- You prefer on-demand payouts and lower minimum withdrawal requirements ($50).
