Account sizes:
โ $10,000 โ $75
โ $15,000 โ $99
โ $25,000 โ $175
โ $50,000 โ $325
โ $100,000 โ $475
โ $200,000 โ $999
โ $400,000 โ $1,999
FXIFYโs Two-phase Evaluation provides traders the opportunity to manage account sizes ranging from $10,000 to $400,000. The aim is to identify talented traders who are profitable and can efficiently manage risk throughout the two-step evaluation period. The Two-phase Evaluation allows traders to trade with up to 1:30 leverage, or up to 1:50 leverage with an add-on.
FXIFYโs Two-phase Evaluation Trading Rules and Objectives
Evaluation Phase One
โ Profit Target: Traders must achieve a 10% profit target.
โ Maximum Daily Loss: Traders must not exceed a 5% daily loss.
โ Maximum Loss: Traders must not exceed a 10% overall loss.
โ Trading Days: No maximum trading day requirement, but a minimum of five trading days is needed to proceed to phase two.
Evaluation Phase Two
โ Profit Target: Traders must achieve a 5% profit target.
โ Maximum Daily Loss: Traders must not exceed a 5% daily loss.
โ Maximum Loss: Traders must not exceed a 10% overall loss.
โ Trading Days: No maximum trading day requirement, but a minimum of five trading days is needed to proceed to a funded account.
Funded Account
โ Rules: Traders must adhere to the 5% maximum daily loss and 10% maximum loss rules.
โ Withdrawals:
โ First Payout: On-demand with no minimum amount and no minimum trading day requirements.
โ Subsequent Payouts: Monthly, or bi-weekly if an add-on is applied during account purchase.
โ Profit Split: Traders can earn 75% to 90% of the profits based on performance.
Summary
FXIFYโs Two-phase Evaluation program offers traders the chance to manage accounts from $10,000 to $400,000, with leverage up to 1:30 (1:50 with an add-on). The program aims to identify traders who are profitable and adept at risk management through a structured two-step evaluation process.
Add-ons for FXIFYโs Two-phase Evaluation
โ Increased 1:50 Leverage
โ 90% Profit Split
โ Bi-weekly Payouts
โ Performance Protection (Qualifies you for a payout if in profit even if you breach the daily drawdown)
Two-phase Evaluation Scaling Plan
The Two-phase Evaluation also has a scaling plan. If a trader is profitable for at least two out of the last three months with an average return of 10% over the three-month period, then you will become eligible for an account size increase equal to 25% of the initial account size.
Example:
โ After 3 Months: A qualified $100,000 account increases to $125,000.
โ After the Next 3 Months: A qualified $125,000 account increases to $150,000.
โ After the Next 3 Months: A qualified $150,000 account increases to $175,000.
โ And so onโฆ
Trading Rules & Objectives of Two-phase Evaluation
Profit Target: Traders need to achieve specific profit percentages to successfully complete an evaluation phase, withdraw earnings, or expand their trading account. Phase 1 requires reaching a profit target of 10%, while Phase 2 mandates achieving a 5% profit target. Funded accounts do not have specified profit targets.
Maximum Daily Loss: Traders are allowed a maximum loss limit of 5% in a single trading day without impacting their account status. This limit applies uniformly across all account sizes.
Maximum Loss: Each trader has a maximum allowable loss limit of 10% overall without affecting their account standing. This limit is consistent across all account sizes.
Minimum Trading Days: To successfully complete an evaluation phase, traders must engage in trading for a minimum period. Both evaluation phases necessitate a minimum trading duration of 5 days.