Head to head
FXIFY vs IQ Capital
IQ Capital grades higher overall, 6.5 to 5.5. Across 21 measurable rows, FXIFY comes out ahead on 6 and IQ Capital on 12.
Cheap, flexible programs undercut by a vague rule that bans winners for 'latency arbitrage'
Cheap, well-reviewed and barely a year old — the support is real, the paper trail isn't yet
Key differences
In short
- A $100K evaluation is cheaper at FXIFY ($399 vs $499 at IQ Capital).
- IQ Capital has the stronger payout record (8.9 vs 4.0).
- FXIFY carries more hidden-rule risk (5.3 vs 3.7), led by: 'latency arbitrage' is a vague, discretionary clause used to void funded accounts.
- IQ Capital allows more capital ($2,000,000 vs $805,000).
- Only FXIFY sells 2-step and 3-step programs.
- MT4, DXtrade are only available at FXIFY.
- Volumetrica, Quantower are only available at IQ Capital.
FXIFY vs IQ Capital, side by side
The better value in each row is marked
| Criterion | ||
|---|---|---|
| Grade | ||
| Overall score | C5.5 | B6.5 |
| Payouts | 4.0 | 8.9 |
| Transparency | 3.9 | 6.0 |
| Rules & trading conditions | 7.0 | 3.9 |
| Reputation | 6.0 | 6.3 |
| Platforms & execution | 7.4 | 6.2 |
| Support | 5.7 | 7.3 |
| Evidence | ||
| Trustpilot | 4.3 (6.3K) | 4.7 (533) |
| Pass rate | 12%Estimate | 15%Estimate |
| Hidden risk | 5.3 HighHidden risk 5.3 out of 10, High | 3.7 ModerateHidden risk 3.7 out of 10, Moderate |
| Negative recent reviews | 19% | 5% |
| Offer | ||
| $100K challenge | $399 | $499 |
| Cheapest account | $19 | $199 |
| Max allocation | $805K | $2M |
| Max profit split | 90% | 90% |
| Payouts | Varies by program: on-demand after minimum trading days for… | Every 10 days (Core/Instant Crypto-CFD), every 1-3 days… |
| Programs | 1-step, 2-step, 3-step, instant | 1-step, instant |
| Current offer | — | — |
| Company | ||
| Headquarters | Port Louis, Mauritius | Dubai, United Arab Emirates |
| Years in business | 3 | 1 |
| Trading | ||
| Platforms | MT4, MT5, DXtrade, TradingView, NinjaTrader, Tradovate | MT5, Volumetrica, Tradovate, NinjaTrader, TradingView, Quantower |
| Assets | Forex, Indices, Metals, Commodities, Energies, Crypto, Stocks, Futures | Forex, Indices, Metals, Commodities, Energies, Crypto, Stocks, Futures |
| EAs | Restricted | Restricted |
| News trading | Restricted | Allowed |
| Weekend holding | Restricted | Allowed |
| Copy trading | Restricted | Not allowed |
| Hedging | Restricted | Restricted |
Port Louis, Mauritius
Dubai, United Arab EmiratesWhich should you choose?
By trading style
| You are… | Pick | |
|---|---|---|
| Beginners | IQ Capital | Entry as low as $9 for a small account, no minimum trading days, an end-of-day (not live) drawdown, and support that reviewers praise as fast and patient make this an easy on-ramp, though the funded-account risk cap is tighter than the challenge. |
| Experienced traders | FXIFY | Competitive pricing, accounts to $400k, a choice of static or trailing drawdown and up to 90% split reward a trader who already has a proven, well-documented strategy and can defend it if compliance asks. |
| Swing traders | IQ Capital | CFD and crypto positions can be held overnight and through the weekend with no restriction, which reviewers specifically credit; futures accounts, by contrast, must flatten every day. |
| Scalpers | FXIFY | Raw spreads are genuinely tight per reviewers, but high-frequency trading and 'exploiting bugs/glitches' are named prohibited strategies, and fast, short-hold trades are exactly the pattern FXIFY's latency-arbitrage reviews target. |
| EA & algo traders | IQ Capital | Self-built EAs are allowed with full source-code access and demonstrable control, but black-box or commercial bots are banned, ruling out most off-the-shelf systems. |
| News traders | IQ Capital | News trading is allowed with no restriction on CFD, crypto or futures accounts, a genuine differentiator versus firms that lock trading around high-impact releases. |
Verdicts
FXIFY verdict
Cheap, flexible programs undercut by a vague rule that bans winners for 'latency arbitrage'
Best for: Price-conscious traders who want program choice and keep clean, explainable manual trading records.
Avoid if: You scalp, run an EA, or can't tolerate a compliance team second-guessing a profitable run after the fact.
IQ Capital verdict
Cheap, well-reviewed and barely a year old — the support is real, the paper trail isn't yet
Best for: Cost-conscious beginners and disciplined swing traders who want a cheap, clearly-documented single-phase challenge and value fast support over a long payout track record.
Avoid if: You need years of verified payout history, size positions near the funded-account's 0.5% per-trade cap without adjusting from the Challenge's 1%, or want full clarity on which jurisdiction actually governs your contract.
FXIFY vs IQ Capital FAQ
Questions traders ask
Is FXIFY better than IQ Capital?
On our grading IQ Capital scores higher overall (6.5 vs 5.5, grade B vs C). FXIFY still comes out ahead on conditions, platforms. The better choice depends on your style: compare the rules rows above before buying.
Which is cheaper, FXIFY or IQ Capital?
At list price a $100K evaluation costs $399 at FXIFY and $499 at IQ Capital, so FXIFY is cheaper. The smallest accounts start at $19 and $199. Discounts change often, so check the offers page.
Which pays out more reliably, FXIFY or IQ Capital?
IQ Capital has the stronger payout score (FXIFY 4.0 vs IQ Capital 8.9). FXIFY pays varies by program: on-demand after minimum trading days for 1-phase, 2-phase standard and 3-phase (then monthly, or biweekly with an add-on); fixed 14-or-30-day cycle with no on-demand first payout for 2-phase classic; every 10 days for 2-phase pro; biweekly for instant funding; every 10 days for instant funding lite; biweekly after a 7-day first payout for the lightning challenge; IQ Capital pays every 10 days (core/instant crypto-cfd), every 1-3 days capped at 5 payouts (rapid).
Which has fewer hidden rules, FXIFY or IQ Capital?
IQ Capital has the lower Hidden Risk score (FXIFY 5.3, high; IQ Capital 3.7, moderate). Each review lists the specific rules behind the score.
Is it easier to pass FXIFY or IQ Capital?
FXIFY: 12% (estimate). IQ Capital: 15% (estimate). Estimates are a guide to difficulty only; drawdown type and daily loss rules matter as much as the target.
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