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 | $59 |
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 offers a range of funding options to suit different trader preferences and experience levels. Here's a breakdown of their funding structure and associated costs:
- Account Sizes: $15,000, $25,000, $50,000, $100,000, $200,000, and $400,000
- Evaluation Options: 1-step, 2-step and 3-step processes
- Profit Targets: Step 1=10%, step 2=5%, step 3=5%
- Maximum Drawdown: 5-10% (varies by account size)
- Refundable Assessment Fee: 100% reimbursed with first withdrawal
- Profit Split: Up to 90% in favor of the trader
- Scaling Program: Increase account size up to $4 million based on performance
FXIFY's pricing structure is designed to be competitive while ensuring that successful traders are adequately rewarded.
FXIFY 2 step challenge prices:
Funding | $10,000 | $15,000 | $25,000 | $50,000 | $100,000 | $200,000 | $400,000 |
Price | $85 | $115 | $199 | $375 | $499 | $999 | $1,999 |
FXIFY Prop Sign-up and Verification
Getting started with FXIFY is a straightforward process, but it does involve several important steps to ensure security. Here's a guide to the registration and verification process:
- Visit the FXIFY website and click on the "Login/Register" button;
- Fill out the registration form with your personal information, including full name, email address, username, Country of residence, and password;
- Agree to FXIFY's terms and conditions and privacy policy;
- Log into your account;
- Pass an assessment to be eligible for verification;
- Complete the KYC (Know Your Customer) verification process by providing a valid government-issued ID and Proof of address (utility bill or bank statement not older than 3 months).
FXIFY Prop Firm Evaluation Phases Complete Guide
Itās, time to review 1-phase, 2-phase, and 3-phase evaluation steps in our FXIFY Prop Firm review. Here's a breakdown of the evaluation steps:
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 consistant trading results.
FXIFY Bonuses and Discounts
FXIFY offers an attractive affiliate program that provides various bonuses and discounts to its 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 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.
- Facebook: https://www.facebook.com/fxifycom
- X (Twitter): https://x.com/fxifycom
- Discord: https://discord.com/FXIFY
- Instagram: https://www.instagram.com/fxifycom
- Telegram: https://t.me/FXIFYCOM
- TikTok: https://tiktok.com/@fxifycom
By maintaining an active social media presence, FXIFY keeps its trader community informed and engaged, fostering a sense of belonging among its users.
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.
