Does Funded Firm have country-based restrictions for traders?

💡 Answer

Traders from given below countries are not allowed at Funded Firm

No specific list of restricted countries is published, but services may not be available in sanctioned jurisdictions such as North Korea, Iran, Syria and other high‑risk regions.

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Funded Firm vs Eightcap Challenges vs FXIFY - Prop Firm Comparison (March 2026)

Side-by-side comparison of Funded Firm vs Eightcap Challenges vs FXIFY. Quickly scan maximum funding, profit splits, risk rules, leverage, platforms, instruments, payout schedules, payment options, trading permissions and KYC restrictions to narrow down your prop trading firm shortlist. Data updated March 2026.

Funded Firm vs Eightcap Challenges vs FXIFY - Prop Firm Comparison (March 2026)
Funded Firm
FundedFirm is a UK-based proprietary trading firm launched in 2024. It offers 1‑Step and 2‑Step evaluation programs with unlimited time, allowing traders to trade forex, metals, indices, energies and cryptocurrencies on MT5. With leverage up to 1:100 (1:50 for crypto),...
Eightcap Challenges
Eightcap Challenges is a broker-backed simulated trading program operated by Eightcap International Ltd (Seychelles) that offers One Phase and Two Phase CFD challenges on mt4, mt5 and tradelocker with balance-based drawdown limits, a 14-day payout cycle, and 80% profit splits...
FXIFY
FXIFY is a broker-backed prop firm (FXIFY Markets Ltd, licensed in Labuan, Malaysia) offering One Phase, Two Phase and Three Phase evaluations, an Instant Funding path, and a 7-day Lightning Challenge, with up to 90% performance splits, on-demand payouts on...
Overview
Trustpilot Rating 0 4.1 4.4
Trustpilot Reviews 0 3,569 5,320
Headquarters United Kingdom Seychelles Malaysia
Age (Years) 2 1 N/A
Max Funding $100,000 $600,000 $4,000,000
Profit Split Start 90% 80% 80%
Profit Split Max 100% 90% 90%
Platforms mt5 mt4 mt5 tradelocker MT4 MT5 DXtrade
Assets Forex Precious Metals Indices Energies Cryptocurrencies FX Commodities Indices Crypto US Stocks (Day Trader only) FX Metals Indices Commodities Stocks Crypto
Leverage
FX Leverage 100 100 50
Metals Leverage 100 20 50
Crypto Leverage 50 3 1
Risk & Drawdown Rules
Max Daily Loss 3–5 Maximum Daily DrawdownEightcap Challenges applies a balance-based daily drawdown rule calculated from the previous day’s account balance snapshot (Previous Day Balance × Limit%). Your account’s intraday equity loss must not exceed this daily limit.One Phase: 4% daily drawdown (Assessment and Payout Stages).Two Phase: 5% daily drawdown (Assessment, Qualification and Payout Stages).Day Trader: No daily drawdown; risk is managed via fixed maximum drawdown thresholds tied to the selected timeframe and multiplier. Maximum Daily LossFXIFY's daily drawdown limits are program-specific. FXIFY provides examples showing One Phase uses a 3% daily drawdown, while Two Phase uses a 4% daily drawdown. Daily drawdown is monitored alongside max drawdown thresholds, and traders should plan withdrawals and risk so that intraday equity does not breach the daily limit.
Max Total Loss 6–10 Maximum DrawdownOverall drawdown is enforced as a fixed percentage of the initial balance for standard challenges and as fixed-dollar thresholds for Day Trader Challenges.One Phase: 8% maximum drawdown (Assessment and Payout Stages).Two Phase: 10% maximum drawdown (Assessment, Qualification and Payout Stages).Day Trader: Maximum drawdown is defined in dollars and varies by timeframe and multiplier (DT-1/DT-2/DT-4/DT-8 with 2x/5x/10x options). Maximum Overall LossFXIFY provides examples showing One Phase accounts use a 6% max drawdown and Two Phase accounts use a 10% max drawdown. For Three Phase, FXIFY describes a static drawdown option where max drawdown is set at 5% and remains static for the life of the account.
Drawdown Type Fixed (daily 3–5% of starting equity; overall 6–10% of initial balance) Balance-based (Daily from previous-day balance; Max fixed from initial balance) Drawdown ModelFXIFY supports both trailing-style drawdown mechanics and an optional static drawdown mode (notably for 2-Phase and 3-Phase). FXIFY also explains that on 1- and 2-Phase accounts, when a withdrawal is requested, the max drawdown “locks” at the starting balance, meaning profit withdrawals reduce the buffer created by gains and can increase breach risk if no buffer remains.
Payouts
Payout Frequency Payouts can be requested weekly, bi‑weekly or monthly. Weekly cycles provide a 60% profit split, bi‑weekly cycles 80%, and monthly cycles up to 100%. Payouts for weekly and bi‑weekly plans are released every Wednesday starting from the second week after the account is opened. Payout FrequencyOne Phase & Two Phase: Standard payout eligibility begins 14 days into the Payout Stage (or 7 days with the earlier-payout add-on), provided all payout-stage requirements and KYC are satisfied.Day Trader Challenges: Payout eligibility is immediate upon successful completion of the time-limited challenge. Payout FrequencyInstant Funding: FXIFY states Instant Funding accounts offer payouts every 14 days. Evaluation programs (1-Phase, 2-Phase, 3-Phase): FXIFY states the first payout is instant and on demand, processed right after the trader's first live trade in the funded account.
Days to First Payout 7 14 0
Payout Processing Time 1 Payout ProcessingPayout requests are reviewed by the risk team for rules compliance and KYC (if required). Approved payouts are typically processed within 24–48 hours of an eligible request, but may take longer if additional review is required. 0
Payout Methods Bank transfer UPI BTC USDT TRC20 USDT BEP20 USDT ERC20 Crypto International Bank Transfer Crypto Bank Transfer
Payments
Payment Methods UPI Bitcoin USDT TRC20 USDT BEP20 USDT ERC20 Credit/Debit Card (Visa Mastercard) Crypto (USDT TRC20 USDT ERC20 BTC) Credit/Debit Card Crypto
Trading Permissions
News Trading News trading is allowed on all account types. Traders may open and close positions during high‑impact news releases. Trading during major news events is restricted: you cannot place trades within 10 minutes before or after high-impact events (per FXStreet). Trading inside the window is treated as a soft breach that triggers a warning and removal of any profits made from those trades. News trading rules are defined by FXIFY program terms and platform rules; traders should follow FXIFY's compliance guidance and avoid any prohibited behavior, especially around extreme volatility where drawdown breaches can occur quickly.
Weekend Trades Overnight and weekend holding is allowed without restrictions. Weekend trading is allowed. The platform supports 24/7 trading, including the ability to manage positions over the weekend. FXIFY advertises the ability to hold positions over the weekend on supported programs/instruments, subject to market hours, symbol availability, and account objectives.
Copy Trading Copy trading and mirroring strategies across accounts are prohibited. Copy trading or mirroring another person’s trades is prohibited and may result in profit removal or account termination. Copying between your own accounts is allowed only if all accounts are registered under the same email address. Copy trading is allowed between your own FXIFY accounts and from FXIFY accounts to other accounts. To copy from an external account into a FXIFY account, FXIFY requires submission of the master account statement in HTML format beforehand, and copying from a third party is prohibited.
EA Allowed Expert Advisors (EAs) and automated trading tools are not allowed. Expert Advisors (EAs) and indicators are permitted, but prohibited strategy types (including martingale, grid, tick trading, arbitrage variants, gap trading and account management) are monitored and can trigger violations—especially during the Payout Stage. 1
KYC & Restrictions
KYC Required No No Yes
KYC Stage KYC/AML verification is required before the first payout. Traders may need to provide government‑issued ID and proof of address to satisfy compliance checks. Australia, Saint Lucia, Afghanistan, Central African Republic, Cuba, Democratic People’s Republic of Korea (North Korea), Democratic Republic of the Congo, Guinea-Bissau, Iran, Iraq, Lebanon, Myanmar, Russia (and Crimea, Donetsk, Luhansk and Sevastopol regions of Ukraine), Somalia, Sudan, South Sudan, Syria, Yemen, Zimbabwe, Libya KYC is required as part of FXIFY's AML/KYC compliance process before traders can fully access withdrawals/performance fees. If a trader cannot pass KYC, FXIFY's policy explains this impacts their ability to proceed under the program's compliance requirements.
Restricted Countries No specific list of restricted countries is published but services may not be available in sanctioned jurisdictions such as North Korea Iran Syria and other high‑risk regions. Australia Libya Lebanon Pakistan Russia Somalia South Sudan Sudan United States Zimbabwe Afghanistan Central African Republic Cuba Democratic Republic of the Congo Guinea-Bissau Iran Iraq Myanmar North Korea Syria Yemen United States Zimbabwe Iran Iraq North Korea Somalia Vietnam Burundi Central African Republic Ivory Coast Liberia Libya Sudan Cuba Syria Afghanistan Yemen Palestine Myanmar Nicaragua Congo Republic Crimea Democratic Republic of Congo Eritrea Guinea Guinea-Bissau Papua New Guinea South Sudan Vanuatu Venezuela Algeria Russia Kenya Ghana

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