FXIFY Review
Let's kick off our candid of FXIFY review about Prop Firm that dedicated to discovering skilled traders who exhibit discipline, focus, and consistent risk management across financial markets. FXIFY Prop Firm evaluates these traders through one of its three specialized funding programs. Participants have the chance to earn significant profits with the flexibility to manage accounts up to $400,000 and receive as much as 90% of the profit shares. This potential for earnings is made possible by trading a diverse range of financial instruments, such as forex pairs, commodities, indices, stocks, and cryptocurrencies.
- Serving clients from all over the world (including the USA)
- Platform for trading: MetaTrader 4
- Variety of Raw Account Types Available (you can use scalper trading robots)
- Three Distinct Funding Programs
- Unlimited Trading Period
- Strategic Scaling Plan
- Profit Sharing of 75% to 90%
- Holding Over Weekends and Overnight Permitted
- News Trading Permitted
- Drawdown Based on Account Balance
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FXIFTY Funding Programs
So, FXIFY, officially known as FXIFY Solutions Limited, is a proprietary trading firm established in May 2023. Based in London, UK, the company is managed by co-founders David Bhidey and Peter Brown. FXIFY offers traders the option to select from three different account types: a two-step evaluation, a one-step evaluation, and a three-step evaluation. They have partnered with FXPIG to serve as their broker, enhancing the trading options available to their clients.
Two-phase Evaluation FXIFY Rules
Profit Target – To successfully complete an evaluation phase, withdraw earnings, or scale their trading account, traders must hit a specific profit percentage. For Phase 1, the profit target is set at 10%, while Phase 2 requires a profit target of 5%. Funded accounts, however, do not have any predetermined profit targets.
Maximum Daily Loss – This is the highest loss a trader is permitted to incur in a single trading day without violating the account's terms. For all account sizes, the maximum daily loss is capped at 5%.
Maximum Loss – This represents the overall maximum loss a trader can sustain without breaching the account conditions. All account sizes have a maximum loss limit of 10%.
Minimum Trading Days – Traders must engage in trading for a minimum number of days to successfully complete an evaluation phase. Both evaluation phases require at least 5 trading days.
Cost Two-phase Evaluation of the FXIFY program:
- $10,000 - $75
- $15,000 - $99
- $25,000 - $175
- $50,000 - $325
- $100,000 - $475
- $200,000 - $999
- $400,000 - $1,999
FXIFY's Two-phase Evaluation program offers traders the opportunity to manage account sizes ranging from $10,000 to $400,000, designed to identify proficient traders who can generate profits while effectively managing risks throughout the evaluation. This program facilitates trading with leverage up to 1:30, and up to 1:50 with an additional feature.
Evaluation Phase One requires traders to achieve a 10% profit target without exceeding the 5% maximum daily loss or the 10% overall maximum loss limits. There are no maximum trading day limits in this phase, but traders must engage in trading for at least five days to progress to the next phase.
Evaluation Phase Two necessitates reaching a 5% profit target while adhering to the same loss restrictions as the first phase. Similar to phase one, there are no maximum trading day limits, but a minimum of five trading days is required to qualify for a funded account.
Upon successful completion of both phases, traders receive a funded account with no minimum withdrawal limits. This account must follow the established 5% maximum daily loss and 10% maximum loss guidelines. The first payout from the funded account is available on demand without any minimum amount or trading day restrictions. Subsequent withdrawals can be requested monthly, or bi-weekly if an add-on is applied during account setup. Profit shares range from 75% to 90%, based on the earnings generated in the funded account.
The Two-phase Evaluation offered by FXIFY includes a scaling plan designed to reward consistent profitability. Traders who maintain profitability for at least two out of the last three months and achieve an average return of 10% over that period become eligible for an account size increase of 25% from their initial account size.
Scaling Plan Example:
- After 3 Months: If you maintain a $100,000 account and meet the profitability criteria, your account size increases to $125,000.
- After the Next 3 Months: Continuing to meet the criteria with the $125,000 account results in an increase to $150,000.
- After the Next 3 Months: Sustaining profitability with the $150,000 account leads to a further increase to $175,000.
This scaling approach provides a clear pathway for successful traders to enhance their trading capabilities and potential earnings incrementally.
One-phase Evaluation FXIFY Rules
Profit Target – Traders are required to achieve a specific profit percentage of 10% to successfully complete an evaluation phase, qualify for withdrawals, or scale up their trading account. Funded accounts, on the other hand, do not have predefined profit targets.
Maximum Daily Loss – There is a cap on the amount a trader can lose in a single trading day without violating the account's rules. For all account sizes, this maximum daily loss is set at 5%.
Maximum Trailing Loss – This is calculated as the difference between the peak balance reached by the account and the lowest point during a drawdown. Traders must ensure they do not exceed a 6% trailing loss across all account sizes to avoid breaching the account conditions.
Minimum Trading Days – To successfully conclude an evaluation phase, traders must be actively trading for a minimum of five days. This requirement ensures that traders have adequate engagement with the markets to demonstrate their trading strategy and risk management skills.
Cost One-phase Evaluation of the FXIFY program:
- $10,000 - $75
- $15,000 - $99
- $25,000 - $175
- $50,000 - $325
- $100,000 - $475
- $200,000 - $999
- $400,000 - $1,999
FXIFY’s One-phase Evaluation offers traders the chance to manage account sizes ranging from $10,000 to $400,000. This streamlined evaluation is designed to pinpoint proficient traders who can consistently yield profits and manage risks effectively throughout a single evaluation period. Participants in this program can trade with leverage up to 1:30, which can be increased to 1:50 with an additional feature.
Evaluation Criteria:
- Profit Target: Traders must achieve a 10% profit increase without exceeding a 5% maximum daily loss or a 6% maximum trailing loss.
- Time Requirements: There are no maximum trading day limits in the evaluation phase; however, traders are required to trade for a minimum of five days to qualify for a funded account.
Upon successfully completing the evaluation phase, traders receive a funded account with no minimum withdrawal requirements. This account is subject to a 5% maximum daily loss and a 6% maximum trailing loss. The initial payout from this account is available on demand without any minimum amount or trading day constraints, and subsequent withdrawals can be requested monthly, or bi-weekly if an add-on is applied at the time of account purchase. Profit shares are generous, ranging from 75% to 90%, based on the earnings achieved in the funded account. This setup is ideal for traders looking for a quicker route to manage larger sums and gain significant profit shares.
FXIFY's One-phase Evaluation features a scaling plan that rewards consistent profitability. Traders who demonstrate profitability for at least two out of the last three months and achieve an average return of 10% over this period qualify for an account size increase of 25% from the initial balance.
Scaling Plan Details:
- After 3 Months: If you successfully meet the criteria with a $100,000 account, your account size will be increased to $125,000.
- After the Next 3 Months: If you continue to meet the criteria with the $125,000 account, it will be scaled up to $150,000.
- After the Next 3 Months: Meeting the criteria with the $150,000 account will lead to an increase to $175,000.
This process continues, allowing for periodic evaluations and the opportunity for further increases based on consistent trading success, fostering a growth-oriented environment for traders.
Three-phase Evaluation FXIFY Rules
Profit Target: Traders are required to meet a profit target of 5% in each of the three evaluation phases (Phase 1, Phase 2, and Phase 3) to successfully complete each stage, withdraw profits, or qualify for scaling their trading account. For funded accounts, there are no specific profit targets set.
Maximum Daily Loss: A uniform rule across all account sizes dictates that traders may not incur a loss exceeding 5% of their account balance in a single trading day without violating account terms.
Maximum Loss: Similarly, the overall maximum loss threshold is set at 5% for all account sizes. This is the limit a trader can lose in total before breaching the account conditions.
Minimum Trading Days: Each of the three evaluation phases requires traders to engage in trading for a minimum of five days. This requirement ensures that traders have sufficient market engagement to validate their trading strategy and risk management proficiency before moving to the next phase or achieving funding.
Cost Three-phase Evaluation of the FXIFY program:
- $10,000 - $59
- $15,000 - $79
- $25,000 - $149
- $50,000 - $249
- $100,000 - $399
- $200,000 - $799
- $400,000 - $1,599
FXIFY's Three-phase Evaluation offers traders the chance to manage accounts ranging from $10,000 to $400,000, with a focus on identifying proficient traders who can generate profits and effectively manage risks over an extended three-step evaluation period. The program supports trading with leverage up to 1:30, which can be increased to 1:50 with an additional feature.
Evaluation Phases Overview:
Phase One: Traders must achieve a 5% profit target without exceeding a 5% maximum daily loss or 5% overall maximum loss. There are no maximum trading day limits, but a minimum of five trading days is required to advance to the next phase.
Phase Two: Similar to the first phase, traders need to reach a 5% profit target while adhering to the 5% maximum daily loss and 5% maximum loss rules. Again, there are no maximum trading day limits, but a minimum of five trading days is necessary to move to the third phase.
Phase Three: Traders must meet the same 5% profit target and adhere to the same loss limitations as the previous phases. While there are no maximum trading day requirements, a minimum of five trading days is essential for progressing to a funded account.
Completion and Benefits:
Upon successfully completing all three phases, traders are granted a funded account with no minimum withdrawal stipulations. The account is governed by a 5% maximum daily loss and a 5% overall maximum loss policy. The initial payout from the funded account is available on-demand, without any minimum amount or trading day prerequisites, while subsequent withdrawals can be requested monthly, or bi-weekly with an add-on applied at the time of account setup. Profit shares range from 75% to 90%, based on the profits achieved in the funded account. This tiered evaluation structure is designed to rigorously test and prepare traders for various market conditions, ensuring they are well-equipped to handle substantial trading accounts.
The Three-phase Evaluation from FXIFY includes a scaling plan that significantly rewards consistent profitability. Traders who demonstrate profitability for at least two out of the last three months and maintain an average return of 10% over that period qualify for a substantial increase in their account size—25% of the initial value.
Scaling Plan Details:
After 3 Months: A trader who successfully achieves the profit targets with a $100,000 account and meets the consistency criteria will see their account size increase to $125,000.
After the Next 3 Months: Continuing to meet these performance standards with the $125,000 account will result in a further increase to $150,000.
After the Next 3 Months: If the trader still meets the criteria with the $150,000 account, it will be scaled up to $175,000.
This scaling continues accordingly, providing traders with the opportunity to manage larger funds as they prove their trading skills and risk management effectiveness over time. This structure aims to encourage sustained excellence and growth in trading performance.
The Best Prop Firm passed software are here:
FXIFY, a proprietary trading firm established in May 2023, boasts a substantial community of traders who have achieved funded status and are eligible for a generous profit split.
Upon reaching funded status through any of FXIFY's evaluations—be it the Two-phase, One-phase, or Three-phase Evaluation—traders are entitled to receive their first payout on demand. Subsequent payouts are available every 30 calendar days, or every 14 days with an added feature, provided that the trader's earnings exceed the initial account size. The profit split ranges from a substantial 75% to 90%, depending on the profits generated in the funded account.
For those seeking verification of FXIFY's payment reliability, several sources are available. Trustpilot features numerous testimonials from traders sharing their experiences and confirming successful payouts. Additionally, FXIFY's Discord channel provides access to various payout certificates from some of the most successful traders, further validating the firm's commitment to rewarding its traders. These testimonials and certificates serve as solid evidence of FXIFY's credibility and the effectiveness of its trading evaluations.
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In conclusion, FXIFY stands out as a reputable and reliable proprietary trading firm that offers traders a choice between three structured funding programs: the Two-phase Evaluation, One-phase Evaluation, and Three-phase Evaluation.
- Two-phase Evaluation: This industry-standard two-step program allows traders to manage a funded account after completing two phases, with potential profit splits ranging from 75% to 90%. Traders must meet a 10% profit target in Phase 1 and 5% in Phase 2, under conditions that include a 5% maximum daily loss and 10% total maximum loss. Each phase requires a minimum of 5 trading days, without a maximum day limit, and includes a scaling plan to increase initial account balances.
- One-phase Evaluation: This simpler one-step evaluation also offers a potential 75% to 90% profit split, requiring traders to achieve a 10% profit target under a 5% maximum daily loss and 6% maximum trailing loss rule. The evaluation includes no maximum trading day requirements but mandates at least 5 trading days, alongside a scaling plan for account growth.
- Three-phase Evaluation: This comprehensive three-step program requires traders to hit a 5% profit target in each phase, adhering to a 5% maximum daily loss and overall loss, to manage a funded account with generous profit splits. Like the other evaluations, it features no maximum trading day restrictions, requires a minimum of 5 days of trading per phase, and includes a scaling plan.
FXIFY is highly recommended for individuals looking for a reputable prop firm that offers excellent trading conditions suitable for various trading styles. It provides numerous unique features such as unlimited trading periods, first withdrawal on demand, diverse add-on options, and raw spread accounts. Considering all aspects, FXIFY is rightfully considered one of the leading proprietary trading firms in the industry, catering effectively to a global base of traders.