How you lose the account
At FXIFY Crypto, losing the account is tied to reaching a 3% daily loss limit or a 6% maximum trailing drawdown. For those choosing the Crypto Instant Funding program, a critical risk is the inactivity rule: you must open or close at least one trade every 7 days; failing to do so results in a breach. On the Crypto Standard program, inactivity is more lenient at 60 days. Strategy-wise, using EAs, bots, or copy traders is strictly prohibited on Instant accounts, though allowed with limitations on Standard ones.
Velotrade uses a multi-layered breach system. You lose the account if your equity touches or falls below the static drawdown floor or the daily recalculated floor. Inactivity is set at 30 days. Velotrade also bans specific strategies like Martingale, grid trading, and "tick scalping." A unique risk here is the "Minimum Profitable Days" requirement: to qualify for a payout, you must achieve several days with a net realized profit of at least 0.8% of the starting balance.
Maximum drawdown
FXIFY Crypto utilizes a 6% trailing maximum drawdown. This means the loss limit follows your highest recorded balance/equity until a payout is made, at which point the drawdown floor locks. This structure is riskier for traders who build up profit without withdrawing, as the floor moves upward, reducing the "cushion" relative to the initial capital.
- Numerical Example (FXIFY): On a $100,000 account, your initial floor is $94,000. If your account grows to $105,000, your new drawdown floor trails up to $99,000. If your equity then drops to $99,000, you lose the account despite still being at the original starting balance.
Velotrade employs a static maximum drawdown, which is generally more favorable for the trader as the floor does not move up with profits. The percentage varies significantly by plan: 3% for "PRO" accounts, 7% for "CLASSIC 1-Step," and 10% for "CLASSIC 2-Step."
- Numerical Example (Velotrade): On a $100,000 "CLASSIC 2-Step" account, the floor is fixed at $90,000. If the account grows to $115,000, the floor remains at $90,000, giving you a $25,000 buffer before breaching the account.
Daily drawdown
FXIFY Crypto sets a hard 3% daily drawdown limit for all its crypto programs. The JSON does not specify the exact reset time for this daily limit, which represents a hidden risk for traders holding positions across sessions.
Velotrade calculates its daily drawdown at 00:30 UTC. The limit is based on the higher of the balance or equity at that specific moment. This is a "floating" daily drawdown: if you have a large open profit at the time of the reset, your daily floor for the next 24 hours will be much higher.
- Numerical Example (Velotrade): You have a $10,000 account with a 5% daily limit. At 00:30 UTC, your balance is $10,000 but you have an open trade at +$500 (Equity $10,500). Your daily floor is set at $10,500 - 5% ($525) = $9,975. If that trade turns around and your equity hits $9,975, you lose the account.
Rules beyond drawdown
FXIFY Crypto enforces a 25% best-day consistency rule on its Instant accounts and the funded phase of Standard accounts. This means no single trading day can account for more than 25% of your total profit required for a payout. Regarding news, trading is prohibited 5 minutes before and after restricted events.
Velotrade does not have a percentage-based consistency cap, but it requires "Qualifying Days" where you must earn at least 0.8% net profit. They allow macro news trading but impose strict restrictions on individual stocks (closing 24 hours before/after earnings). A notable risk is the lack of a published broker feed provider in the technical data, unlike FXIFY which specifies FXPIG.
Risk that comes from the setup
Both firms provide DXTrade, a platform known for its functional interface but requiring a learning curve for those used to MetaTrader. FXIFY uses the "Raw Spreads" feed via FXPIG, focusing exclusively on crypto. This focus allows for 24/7 trading and weekend holding without the risk of market gaps common in Forex.
Velotrade offers a much wider range of assets (Forex, Stocks, Indices), but this introduces "Overnight Funding" risks. They charge a 0.05% fee of the notional value every night for most assets. Holding stocks over the weekend is subject to specific size limits or mandatory closures, adding a layer of execution risk that FXIFY's crypto-only setup avoids.
What is at stake and what you recover
The initial risk is the purchase fee, as neither firm offers a standard refund upon passing the evaluation.
- FXIFY Crypto: A $10,000 Standard account costs $99. There is no published maximum withdrawal limit, but there are minimums (e.g., $100 for a $10k account).
- Velotrade: A $10,000 Classic 2-Step costs $100. A significant risk at Velotrade is the withdrawal cap: the first and second withdrawals are capped at 20 times the challenge fee paid. Any profit above that amount is forfeited.
Neither firm offers account resets; if you breach a rule, the entire initial fee is lost and a new account must be purchased.
Frequently asked questions
Which firm is cheaper to start a $100,000 account, FXIFY Crypto or Velotrade?
FXIFY Crypto offers its $100,000 Standard account for $999. In comparison, Velotrade is significantly cheaper for the same size, offering the $100,000 Classic 2-Step for $769 and the $100,000 Pro 1-Step for $558. However, Velotrade's Pro plan has a much tighter 3% maximum drawdown compared to FXIFY's 6%.
Can I use EAs and Trading Bots on both FXIFY Crypto and Velotrade?
It depends on the program. Velotrade allows self-built or public commercial EAs and bots on all accounts, including funded ones, and even provides a free REST API. FXIFY Crypto allows EAs on its "Standard" evaluation accounts but strictly prohibits all EAs, bots, and copy traders on its "Instant Funding" accounts.
Which firm has a more restrictive drawdown calculation, FXIFY Crypto or Velotrade?
FXIFY Crypto is generally more restrictive because it uses a 6% trailing drawdown that follows your profit up. Velotrade uses a static drawdown (ranging from 3% to 10% depending on the plan), which stays fixed relative to the starting balance. This means at Velotrade, your earned profits act as an extra buffer, whereas at FXIFY, they move the danger zone higher.
Who pays out faster and more frequently, FXIFY Crypto or Velotrade?
Both firms have a 14-day waiting period for the first payout. After that, Velotrade allows for weekly withdrawals upon request. FXIFY Crypto maintains a bi-weekly (every 14 days) schedule for most programs, although its Standard program offers an alternative monthly payout option to reach a 100% profit split.
