What you are signing up for
A prop firm evaluation is a test on a demo account where you must reach a profit target—a specific amount of money you need to gain—without breaking risk rules. If you pass, the firm gives you access to a funded account where you keep a percentage of the profits.
- FXIFY offers many paths. You can choose a one-step evaluation (pass one phase), two steps, or three steps. Prices start at $59 for small accounts, while a standard $50,000 one-phase account costs $379.
- OneFunded also provides one-step, two-step, and instant funding options. They focus on three main programs: Core, Flash, and Value.
Neither firm offers a free trial, which is a risk-free practice account, so your first attempt will require an upfront payment.
How hard each one is
The difficulty depends on the drawdown, which is the maximum loss you are allowed to have before the account is closed.
- FXIFY uses different drawdown types. Their "One Phase" uses a trailing drawdown, meaning the loss limit follows your highest profit point until it reaches your starting balance. Their "Two Phase Classic" uses a static drawdown, which is a fixed floor that never moves, making it much easier for beginners to track.
- OneFunded uses a static drawdown across its programs. This is generally friendlier for first-timers because the "finish line" for failure stays in the same place regardless of your temporary gains.
How long it takes
In the past, firms forced you to trade for months. Now, both firms have no maximum time limit, meaning you can take as long as you need to reach your profit target.
- To pass at FXIFY, you need to trade for at least 3 to 5 days depending on the plan.
- At OneFunded, the minimum trading days vary by account size, though their "Flash" program often has no minimum requirement for smaller accounts.
Where beginners fail
Most beginners lose their accounts due to the daily drawdown, which is a limit on how much you can lose in a single day (usually calculated starting at 5 PM EST).
- FXIFY usually sets this at 3% to 5%. If you lose that amount in 24 hours, you are disqualified. Some plans also have consistency rules, which require your trading behavior to be similar every day to prove you aren't just gambling.
- OneFunded calculates daily loss based on "equity," which includes the value of your open trades, not just your closed ones. They also have a "Best Day" rule: no single day should account for more than 50% of your total profit. If it does, you won't lose the account, but you will have to keep trading until that percentage drops.
What happens if you make it
If you pass the evaluation, you become a funded trader and can request a payout, which is your share of the profits.
- FXIFY pays out 80% to 90% of what you earn. You can request your first payment on demand after the minimum days, and then every two weeks or monthly. They also refund your entry fee with the first payout.
- OneFunded offers an 80% default split, upgradable to 90%. Payouts happen every 14 days. They also refund the fee, though the "Value" plan requires you to wait until the third payout to get it back.
If it is your first time
If you are just starting, FXIFY is the stronger choice. They offer a wider variety of platforms like TradingView and MetaTrader 4, which are the industry standards for beginners. Their "Two Phase Classic" with static drawdown is very transparent.
OneFunded is a solid alternative if you prefer cTrader, but their rules regarding "automated EAs" (software that trades for you) are stricter, requiring manual approval via email, which can be a hurdle for a novice.
Frequently asked questions
Which firm is more beginner-friendly regarding platforms, FXIFY or OneFunded?
FXIFY is more versatile because it offers MetaTrader 4, MetaTrader 5, DXTrade, and TradingView. This allows a beginner to use the most popular charting tools in the world. OneFunded offers MetaTrader 5, cTrader, and TradeLocker, which are excellent but lack the universal compatibility of the TradingView integration found at FXIFY.
Does FXIFY or OneFunded have a better refund policy for the initial fee?
FXIFY refunds the evaluation fee with the very first payout for its 1, 2, and 3-phase programs (except the Pro version). OneFunded also refunds the fee with the first payout for its Core and Flash plans, but if you choose their "Value" plan, you must wait until your third payout to receive the refund, making FXIFY slightly faster in returning your initial investment.
Which firm allows the use of Trading Robots (EAs) more easily, FXIFY or OneFunded?
FXIFY allows Expert Advisors (EAs) on most standard accounts and its 2 Phase Pro without needing special permission. In contrast, OneFunded requires you to send an email to support for pre-approval before using any EA. Furthermore, OneFunded only allows "assistant" EAs (for risk management), while completely banning fully automated trading bots.
Is the profit split higher at FXIFY or OneFunded?
Both firms offer a very similar potential, starting at an 80% profit split and allowing you to reach 90% through optional add-ons at checkout. However, FXIFY mentions that on certain programs like the Two Phase Classic, the split can even reach 100% under specific conditions, giving it a slight edge for high-performing traders.
