FXIFY is a UK-based prop trading platform founded by Peter Brown and David Bhidey. This platform provides funded accounts ranging from $10,000 to $400,000 to professional Forex traders, with up to a 90% profit split.
FXIFY accounts have spreads from 0.0 pips and $6 commission on stock CFDs.
FXIFY Company Overview
FXIFY is a relatively new player in the proprietary trading arena, but it's already making waves with its innovative approach to trader evaluation and funding. Founded by industry veterans Peter Brown and David Bhidey, the firm has set out to create a platform that caters to traders of all experience levels.
Key features of FXIFY include:
- Founded in April 2023
- Based in London
- Partnership with reputable broker FXPIG
- Support for MT4 and MT5 trading platforms
- Various funding programs
FXIFY Prop Firm Specifications Summary
FXIFY has unique features that make it stand out:
Account currency | N/A |
Minimum price | $39 |
Maximum leverage | 1:50 |
Maximum profit split | 90% |
Instruments | Forex, metals, indices, stocks |
Assets | Gold, EUR/USD, S&P 500 |
Evaluation steps | 1 phase, 2 phase, 3 phase |
Trading platform | MT4, MT5, DXtrade |
Withdrawal methods | Rise |
Maximum fund size | $400,000 |
First profit target | 10% |
Maximum daily loss | 5% |
Challenge time limit | No |
News trading | Yes |
Maximum total drawdown | 10% |
Trading platforms | MT4, MT5 |
Commission Per Round lot | $6 per lot |
Trustpilot score | 4.3/5 |
Payout frequency | Bi-weekly |
Established country | United Kingdom |
Established year | 2023 |
FXIFY Pros and Cons
When considering FXIFY as your prop trading partner, it's essential to weigh both the advantages and potential drawbacks. Here's a balanced look at what FXIFY brings to the table:
Pros | Cons |
Up to $400,000 funding | Relatively new firm |
High profit split (up to 90%) | Higher profit targets compared to some competitors |
Allows EAs, copy trading, and news trading | No educational resources |
Allows trading over 300 instruments |
FXIFY Funding & Price
FXIFY provides 5 different types of challenges (including instant funding), to cater to all prop traders’ needs. FXIFY evaluation prices:
Funding Size | One-Phase | Two-Phase | Three-Phase | Instant Funding | Lightning |
$1,000 | - | - | - | $69 | - |
$2,500 | - | - | - | $119 | - |
$5,000 | $59 | $59 | $39 | $229 | $59 |
$10,000 | $89 | $89 | $59 | $449 | - |
$15,000 | $119 | $119 | $79 | - | - |
$25,000 | $199 | $199 | $149 | $899 | $119 |
$50,000 | $379 | $379 | $249 | $1749 | $209 |
$100,000 | $549 | $549 | $399 | - | $399 |
$200,000 | $1,049 | $1,049 | $799 | - | - |
$400,000 | $2,950 | $2,950 | $1,599 | - | - |
FXIFY Prop Sign-up and Verification
To begin trading on funded accounts, traders must first complete the FXIFY registration process.
#1 Visit the Official FXIFY Website
Navigate to the FXIFY homepage and click the “Log in” or “Open an Account” button to begin registering.
#2 Activate the Sign-Up Form
Select the “Sign Up” option to access the registration interface.
#3 Submit Your Details
Provide the following information:
- Full name
- Date of birth
- Country of residence
- Username and email
- Strong password (with uppercase, lowercase, numbers, and symbols)
Then, confirm your agreement with FXIFY's Terms and Conditions.
Traders must also note that verification is necessary to unlock withdrawals in the FXIFY prop firm . To do so, traders must provide a valid government-issued ID card and a utility bill or bank statement as proof of address.
FXIFY Prop Firm Evaluation Phases Complete Guide
It’s time to review 1-phase, 2-phase, 3-phase evaluation, Instant Funding, and Lighting challenges in our FXIFY Prop Firm review. Here's a breakdown of the evaluation rules:
One-Phase Evaluation:
Funding amount | $10k | $15k | $25k | $50k | $100k | $200k | $400k |
Profit target | 10% | ||||||
Daily loss limit | 5% | ||||||
Max trailing drawdown | 6% | ||||||
Drawdown type | Trailing | ||||||
Minimum trading days | 5 | ||||||
Maximum trading days | Unlimited | ||||||
Performance split | Up to 90% | ||||||
Leverage | 1:50 | ||||||
Refundable Fee | $85 | $115 | $199 | $375 | $499 | $999 | $1999 |
This evaluation is designed for traders who want to get funded as fast they possibly can.
Two-Phase Evaluation:
Funding amount | $10k | $15k | $25k | $50k | $100k | $200k | $400k |
Profit target step 1 | 10% | ||||||
Profit target step 2 | 5% | ||||||
Daily loss limit | 5% | ||||||
Max drawdown | 10% | ||||||
Drawdown type | Static | ||||||
Minimum trading days | 5 | ||||||
Maximum trading days | Unlimited | ||||||
Performance split | Up to 90% | ||||||
Leverage | 1:50 | ||||||
Refundable Fee | $85 | $115 | $199 | $375 | $499 | $999 | $1999 |
The 2-phase evaluation offers a standard approach for professional Forex to become a funded trader.
Three-phase evaluation:
Funding amount | $10k | $15k | $25k | $50k | $100k | $200k | $400k |
Profit target step 1 | 10% | ||||||
Profit target step 2 | 5% | ||||||
Profit target step 3 | 5% | ||||||
Daily loss limit | 5% | ||||||
Max drawdown | 10% | ||||||
Drawdown type | Static | ||||||
Minimum trading days | 5 | ||||||
Maximum trading days | Unlimited | ||||||
Performance split | Up to 90% | ||||||
Leverage | 1:50 | ||||||
Refundable Fee | $85 | $115 | $199 | $375 | $499 | $999 | $1999 |
The 3-phase evaluation takes the longest to complete but ensures a trader can have consistent trading results.
Instant Funding:
The instant funding model is perfect for traders who want to get funded as soon as possible, without passing evaluation challenges.
Parameter | Instant Funding |
Profit Target | - |
Daily Loss Limit | 8% |
Maximum Trailing Drawdown | 8% |
Profit Split | Up to 90% |
Maximum Leverage | 1:50 |
Trading Platform | MetaTrader 5 or DXTrade |
Lightning Challenge:
The lighting challenge provides a fast-paced evaluation that allows traders to get funded as high as $100,000.
Parameter | Lightning Challenge |
Profit Target | 5% |
Daily Loss Limit | 3% |
Maximum Trailing Drawdown | 4% |
Profit Split | Up to 90% |
Maximum Leverage | 1:30 |
Minimum Trading Days | 3 Days |
Maximum Trading Days | 7 Days |
Consistency Rule | 30% |
FXIFY also includes a robust scaling program, enabling high-performing traders to grow their funded capital up to $4 million. Account scaling is unlocked progressively based on consistent profitability and adherence to risk management rules.
FXIFY Bonuses and Discounts
FXIFY offers an attractive affiliate program that offers various bonuses and discounts to partners. Here's a breakdown of the key features:
Tiered Commission Structure:
- Tier 1 (0-100 referrals): 10% commission per referral
- Tier 2 (100-500 referrals): 15% commission per referral
- Tier 3 (500+ referrals): 20% commission per referral
Exclusive Rewards:
- 50 paid referrals: Unlock a free $25K challenge account
- 250 paid referrals: Unlock a free $100K challenge account + bonus giveaway
- 500 paid referrals: Unlock a free $200K challenge account + bonus giveaway
Discount Coupons: Tier 2 affiliates and above receive a unique 5% discount coupon to share with referrals.
Traders can also use discount codes from their party websites.
FXIFY Rules and Trading Conditions
Understanding FXIFY policies and conditions helps traders avoid account termination due to violations. FXIFY Rules:
- VPN & Device Flexibility: You can use different devices and change IPs, as long as there are no multiple accounts on the same IP unless justified, and multiple users sharing the same Computer ID (CID) may raise concerns about account management or suspicious activity;
- Hedging Restrictions: Reverse and group hedging strategies, where offsetting positions are placed across accounts to minimize risk, are not allowed as they violate risk management rules;
- Expert Advisors (EAs) Usage: EAs, bots, and copy trading are prohibited in both the Lightning Plan and Instant Funding accounts, as all trading must be manually managed by the trader;
- Gambling & Risk Strategies: High-Frequency Trading (HFT), latency arbitrage, and coordinated trading are not allowed, as these can manipulate the market and create unfair advantages;
- News Trading: Trading during news events is allowed, but traders must manage risks effectively due to potential slippage and increased volatility, or face penalties for improper risk management.
VPN and VPS Rules
FXIFY's policies offer flexibility when it comes to VPNs and devices. You are allowed to use different devices and change IPs, as long as no multiple accounts are using the same IP without proper justification. However, the firm monitors CID (Computer ID), which is tied to specific devices, and if multiple users are associated with the same CID, it may raise concerns about account management or suspicious activity.
Hedging Terms and Conditions
In terms of hedging, FXIFY prohibits strategies like reverse or group hedging, where traders place offsetting positions across accounts to reduce market risk artificially. Such strategies are seen as attempts to bypass risk management rules.
Are EAs Allowed in the FXIFY Prop Firm?
For Expert Advisors (EAs), FXIFY does not permit their use in the Lightning Plan or Instant Funding accounts. Traders in these plans are required to manage their trades to comply with program rules manually. Any use of EAs, bots, or copy traders in these accounts can result in account termination.
Restricted Strategies
Regarding gambling and risk strategies, FXIFY does not allow high-frequency trading (HFT), which involves using algorithms to execute a large number of trades in fractions of a second, as it can lead to market manipulation and instability. Additionally, exploiting price delays across platforms through latency arbitrage to gain an unfair advantage is strictly prohibited, as is coordinated trading, particularly when using the same EA across multiple accounts.
News Trading
While news trading is allowed, traders should be aware that higher volatility and lower liquidity during news events can affect trade execution, causing slippage or failure to fill at desired prices. FXIFY advises traders to manage their risks properly during these periods, as improper risk management can lead to penalties or account bans.
FXIFY Trading Platforms
FXIFY provides traders access to industry-standard trading platforms, ensuring a familiar and reliable trading environment. The firm supports the following platforms:
MetaTrader 4 (MT4)
- Widely used and trusted platform
- Advanced charting tools and technical indicators
- Supports automated trading through Expert Advisors (EAs)
- Available for desktop, web, and mobile devices
Links:
MetaTrader 5 (MT5)
- Next-generation platform with enhanced features
- More timeframes and analytical objects than MT4
- Supports trading on multiple asset classes
- Improved backtesting capabilities for EAs
Links:
DXTrade
- Modern, web-based trading platform
- User-friendly interface with customizable layouts
- Advanced charting and analysis tools
- Seamless trading across multiple devices
Links:
Instruments & symbols Available for Trading on FXIFY
FXIFY offers a diverse range of trading instruments, providing traders with ample opportunities to diversify their portfolios and implement various trading strategies. Here's a breakdown of the available instruments:
- Forex
- Metal
- Indices
- Stocks
FXIFY Payout Methods
FXIFY utilizes Rise as its primary payment processor for both affiliate and prop trader payouts. This streamlined approach ensures a consistent and efficient payment system for all users. FIXIFY has bi-weekly payouts, and challenge fees are withdrawable in the first payout.
FXIFY Commission & Costs
FXIFY offers a competitive fee structure designed to maximize trader profitability while maintaining high-quality services. Here's a breakdown of the commission and costs associated with trading on FXIFY:
Spreads:
- Raw spreads starting from 0.0 pips
- Option to choose between RAW or all-in pricing
Commissions:
- Commission-free trading on most instruments
- Small commission on stock CFDs (check current rates on the FXIFY website)
FXIFY Educational Resources
Unfortunately, FXIFY doesn't offer educational resources. Novice traders who want to join this platform must consider this before buying a challenge in FXIFY prop Firm.
There are several other Prop Firms with comprehensive educational resources, including City Traders Imperium, FTMO, Goat Funded Trader, and My Funded FX.
FXIFY Trust Scores
Trust is paramount when choosing a prop firm, and FXIFY's Trustpilot shows its commitment to trader satisfaction. This prop firm received a 4.3/5 score on the Trustpilot website, and traders praised it for providing excellent services.
FXIFY Prop Customer Support
FXIFY understands the importance of robust customer support in the fast-paced world of trading. Their support structure includes:
- 24/5 live chat support
- Detailed FAQ section covering common queries
- Email Support: support@fxify.com
FXIFY Social Media channels
FXIFY leverages social media to engage with its trading community.
- X (Twitter)
- Discord
- Telegram
- TikTok
By maintaining an active social media presence, FXIFY keeps its trader community informed and engaged, fostering a sense of belonging among its users.
FXIFY Compared To Other Prop Firms
Traders can check the table below to understand the pros and cons of trading with FXIFY compared to other well-known prop firms.
Parameters | FXIFY Prop Firm | |||
Minimum Challenge Price | $39 | $49 | $55 | $50 |
Maximum Fund Size | $400,000 | $100,000 | $300,000 | $100,000 |
Evaluation steps | 1-Step, 2-Step, 3-Step, Instant Funding | 1-Step, 2-Step | 1-Step, 2-Step | 1-Step, 2-Step |
Profit Share | 90% | 90% | 80% | 90% |
Max Daily Drawdown | 5% | 3% | 4% | 4% |
Max Drawdown | 10% | 6% | 6% | 6% |
First Profit Target | 10% | 9% | 8% | 5% |
Challenge Time Limit | Unlimited | Unlimited | Unlimited | Unlimited |
Maximum Leverage | 1:50 | 1:125 | 1:100 | 1:5 |
Payout Frequency | Bi-weekly | Bi-weekly | Bi-weekly | Bi-weekly |
Number of Trading Assets | Not Specified | Not Specified | 200+ | 100+ |
Trading Platforms | MetaTrader 4, MetaTrader 5, DXTrade | DXTrade, TradeLocker, cTrader | Metatrader 5, CFT Platform and Crypto Futures | Proprietary |
TF Expert Suggestion
FXIFY's wide range of available instruments (over 300) and bi-weekly payouts have made this prop trading platform popular among traders.
However, traders must consider the maximum drawdown limits on 1-step (6%), 2-step (10%), and 3-step (10%) accounts and manage their risk accordingly.