Scalping
Both firms permit scalping, though they apply different technical constraints and risk rules.
- FXIFY: Offers high flexibility with MetaTrader 4, MetaTrader 5, DXTrade, and TradingView. Leverage is standard at 30:1 but can be upgraded to 50:1 at checkout for Forex, which is ideal for high-frequency intraday traders. Commissions are $6/lot on Raw feeds or zero on All-In feeds.
- Velotrade: Allows "ordinary" scalping but explicitly prohibits tick scalping and HFT. It operates exclusively on DXTrade. Traders must be careful with the daily drawdown, which is recalculated at 00:30 UTC based on the higher of balance or equity; if you have a large floating profit at that time, your "floor" for the day rises, potentially tightening your room for maneuver.
- Risk factor: FXIFY's 1-Phase uses a trailing drawdown that locks at the starting balance, whereas Velotrade’s static drawdown never moves, providing more long-term "breathing room" as the account grows.
Automated Trading (EAs) and API
This is where the two firms diverge most in terms of target audience.
- FXIFY: Supports EAs on standard and 2-Phase Pro accounts. It is the better choice for those using off-the-shelf MT4/MT5 bots. However, EAs are prohibited on Crypto accounts and restricted on Lightning/Instant plans.
- Velotrade: Heavily favors developers. It offers free REST and WebSocket API access without needing special approval. While it allows public or self-built EAs, MT4/MT5 bots require a bridge or adaptation to work with DXTrade. It prohibits private signal services or bespoke signals.
- Interactions: FXIFY allows copy trading with proof of master account ownership (except on Pro/Lightning), whereas Velotrade only allows copying between accounts owned by the same trader.
News Trading
If your style relies on volatility during economic releases, both firms are generally permissive but have specific "fine print."
- FXIFY: Most standard accounts and the 2-Phase Pro allow news trading without restrictions. However, the Lightning plan has specific limitations, and Crypto accounts cannot trade 5 minutes before or after restricted news events.
- Velotrade: Allows macro news trading on Forex and Indices. However, for single stocks, positions must be closed 24 hours before and after earnings reports or ex-dividend dates.
- Cost of trading: FXIFY offers commission-free options on many assets, while Velotrade charges percentage-based commissions (e.g., 0.004% for Forex, 0.03% for Indices/Crypto).
Swing Trading and Weekend Holding
The ability to hold positions over several days depends on the specific plan chosen.
- FXIFY: Generally allows weekend holding on standard evaluation accounts and 2-Phase Pro. However, Instant Funding accounts have restrictions. Traders should note that the 2-Phase Pro has a 60-day inactivity rule.
- Velotrade: Allows weekend holding, including Forex. However, it charges a daily "overnight funding" fee of 0.05% of the notional value for most assets (Crypto, stocks, indices, commodities) every day, including weekends. For Forex, the swap is tripled on Wednesdays.
- Inactivity: Velotrade is stricter, deactivating accounts after 30 days of inactivity (though one reactivation is possible).
Intraday Consistency
Both firms use rules to ensure traders aren't just "gambling" on a single lucky day.
- FXIFY: The 2-Phase Pro requires 10 trading days for a payout, and each day only counts if you earn at least 0.5% of the initial balance. Crypto accounts have a 25% best-day rule.
- Velotrade: Requires at least 5 qualifying days per phase and before the first payout. A qualifying day requires a net profit of at least 0.8% of the starting balance. There is no maximum cap on how much a single day can contribute to the total profit.
If you trade like this
- If you are a retail trader using MT4/MT5 EAs: Choose FXIFY. It has the necessary platforms and supports standard bots on most plans.
- If you are a developer or quant trader: Choose Velotrade. The free API access and DXTrade focus are designed for those who build their own tools.
- If you are on a budget: Choose FXIFY. Their $100k accounts are significantly cheaper ($399-$549) compared to Velotrade ($769-$1,075).
- If you want weekly payouts: Choose Velotrade. After the first 14 days, you can request withdrawals every week, whereas FXIFY standard plans are often bi-weekly or monthly.
Frequently asked questions
Which firm is cheaper to get a $100,000 account, FXIFY or Velotrade?
FXIFY is significantly cheaper. A $100,000 account at FXIFY costs $399 for the 3-Phase plan or $549 for the 1-Phase plan. In contrast, Velotrade charges $769 for its $100,000 2-Step challenge and $1,075 for the 1-Step version.
Which firm offers more trading platforms, FXIFY or Velotrade?
FXIFY offers much more variety, providing MetaTrader 4, MetaTrader 5, DXTrade, and TradingView. Velotrade only offers DXTrade, although it compensates for this by providing free REST and WebSocket API access for technical traders.
Can I use Expert Advisors (EAs) on both FXIFY and Velotrade?
Yes, but with different conditions. FXIFY allows EAs on standard and Pro accounts using MT4 or MT5. Velotrade allows them on DXTrade but notes that MT4/MT5 EAs will need a bridge or adaptation; however, Velotrade is more friendly to custom-coded bots via its free API.
Which firm allows you to withdraw profits faster, FXIFY or Velotrade?
Velotrade offers a faster recurring schedule, allowing weekly payouts after the first 14 days of trading. FXIFY’s frequency depends on the plan: the 2-Phase Pro allows withdrawals every 10 days, but standard plans are typically monthly or bi-weekly if an add-on is purchased.























