FXIFY Review

FXIFY is a firm that identifies skilled traders by assessing their discipline, focus, and consistent risk management in the financial markets. Traders undergo evaluation through one of three funding programs: Two-step, One-step, or Three-step. Successfully completing the evaluation qualifies traders to earn profit splits.

Pros

+ Excellent Trustpilot Rating of 4.5/5
+ Supporting Clients Located Within The United States
+ Three Unique Funding Programs
+ Multiple Add-on Features
+ Professional Trader Dashboard
+ A Large Variety of Trading Instruments (Forex Pairs, Commodities, Indices, Stocks, Cryptocurrencies)
+ No Maximum Trading Period
+ Scaling Plan
+ First Payout On Demand
+ Bi-weekly Payouts with Add-on
+ Profit Share of 75% up to 90%
+ Overnight & Weekend Holding Allowed
+ News Trading Allowed
+ Balance-based Drawdown
+ Available Raw Account Type

Cons

โ€“ Minimum Trading Day Requirements of 5 Days
โ€“ Monthly Payout Cycles (Decreased to Bi-weekly with Add-on)
โ€“ Trailing Drawdown on One-phase Evaluation
โ€“ Low 5% Maximum Loss Rule on Three-phase Evaluation

FXIFY is a company that identifies talented traders by assessing their discipline, focus, and consistent risk management within the financial markets. They offer three distinct funding programs to test traders. Successful traders can earn substantial profits, manage account sizes up to $400,000, and receive up to 90% profit splits. FXIFY provides opportunities to trade various financial instruments, including forex pairs, commodities, indices, stocks, and cryptocurrencies.

Who are FXIFY?

FXIFY is a proprietary trading firm legally known as FXIFY Solutions Limited, incorporated in May 2023. Located in London, UK, the firm is managed by co-founders David Bhidey and Peter Brown. FXIFY offers traders three account types: a two-step evaluation, a one-step evaluation, and a three-step evaluation, in partnership with broker FXPIG. The companyโ€™s headquarters are at Unit 1, 74 Back Church Lane, London, E1 1LX.

Who is the CEO?

David Bhidey and Peter Brown are the co-founders of FXIFY.

Funding program options

FXIFY provides its traders with three unique funding program options:

FXIFY Funding Programs

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

FXIFYโ€™s 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.

FXIFYโ€™s 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
FXIFYโ€™s 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 FXIFYโ€™s 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 onโ€ฆ

 

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.

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

 

During the evaluation phase, traders must achieve a 10% profit target while adhering to maximum daily loss (5%) and maximum trailing loss (6%) rules. There are no specific maximum trading day requirements during this phase, but traders must engage in a minimum of five trading days to qualify for a funded account.

Upon successful completion of the evaluation phase, traders receive a funded account with no mandatory withdrawal thresholds. Traders must continue to comply with the 5% maximum daily loss and 6% maximum trailing loss rules.

The initial payout from the funded account is flexible, with no minimum withdrawal amount or trading day requirements. Subsequent withdrawals can be made monthly (or bi-weekly with an add-on option). Profit splits range from 75% to 90%, depending on the profitability of the funded account.

Add-ons for FXIFYโ€™s One-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)

One-phase Evaluation Scaling Plan

The One-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 onโ€ฆ

One-phase Evaluation Trading Rules & Objectives

 Profit Target โ€“ Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for the evaluation phase is 10%. Funded accounts do not have any specified profit targets.

Maximum Daily Loss โ€“ The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 5%.

Maximum Trailing Loss โ€“ The difference between the highest achieved account balance and the lowest point of the drawdown determines the maximum trailing loss a trader is allowed to lose without breaching the account. All account sizes have a maximum trailing loss of 6%.

Minimum Trading Days โ€“ The minimum duration during which you must engage in trading before successfully concluding an evaluation phase. The evaluation phase has a minimum trading day requirement of 5 days.

Account sizes:

โ€“ $10,000 โ€“ $59
โ€“ $15,000 โ€“ $79
โ€“ $25,000 โ€“ $149
โ€“ $50,000 โ€“ $249
โ€“ $100,000 โ€“ $399
โ€“ $200,000 โ€“ $799
โ€“ $400,000 โ€“ $1,599

 

In the first phase of the evaluation, traders aim to achieve a 5% profit target while adhering to maximum daily loss (5%) and maximum loss (5%) rules. There are no specific maximum trading day requirements during this phase, but traders must trade a minimum of five days to advance to phase two.

Phase two of the evaluation also requires traders to reach a 5% profit target while maintaining maximum daily loss (5%) and maximum loss (5%) limits. Similar to phase one, there are no specific maximum trading day requirements, but a minimum of five trading days is necessary to progress to phase three.

In the third and final phase, traders again aim for a 5% profit target while adhering to maximum daily loss (5%) and maximum loss (5%) rules. There are no restrictions on the maximum number of trading days during this phase, but traders must engage in a minimum of five trading days to qualify for a funded account.

Upon successful completion of all three evaluation phases, traders receive a funded account with no minimum withdrawal requirements. Traders must continue to adhere to the 5% maximum daily loss and 5% maximum loss rules.

The initial payout from the funded account is available on demand, with no minimum amount or trading day requirements. Subsequent withdrawals can be made monthly (or bi-weekly with an add-on option). Profit splits range from 75% to 90%, based on the profitability of the funded account.

 

Add-ons for FXIFYโ€™s Three-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)

Three-phase Evaluation Scaling Plan

The Three-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:

After 3 Months: A qualified $100,000 account increases to $125,000.

 After the Next 3 Months: A qualified $125,000 account increases to $150,000.

After the Next 3 Months: A qualified $150,000 account increases to $175,000.

 And so onโ€ฆ

Three-phase Evaluation Trading Rules & Objectives

Profit Target โ€“ Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for Phase 1, Phase 2, and Phase 3 requires reaching a profit target of 5%. Funded accounts do not have any specified profit targets.

 Maximum Daily Loss โ€“ The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 5%.

Maximum Loss โ€“ The maximum loss limit a trader is allowed to lose overall without breaching the account. All account sizes have a maximum loss of 5%.

 Minimum Trading Days โ€“ The minimum duration during which you must engage in trading before successfully concluding an evaluation phase. All three evaluation phases have a minimum trading day requirement of 5 days.

Proof of Payment

Founded in May 2023, FXIFY is a proprietary trading firm with a thriving community of traders who have achieved funded status and qualify for profit sharing.

Traders working with FXIFY through the Two-phase Evaluation, One-phase Evaluation, or Three-phase Evaluation programs can receive their first payout on demand upon reaching funded status. Subsequent payouts can be requested every 30 calendar days (or 14 calendar days with an add-on), provided the trader exceeds the initial account size. Profit splits range generously from 75% to 90%, depending on the traderโ€™s profitability on the funded account.

FXIFYโ€™s payment proof is widely documented across various platforms. For instance, traders often share their experiences and payout processes on platforms like Trustpilot, offering insights into their interactions with the company. Additionally, FXIFYโ€™s Discord channel features numerous payout certificates from its most successful traders, providing further validation of their payment practices.

Explore examples of payout certificates and payment proof in the accompanying images below. (These payments are not ours!)

Conclusion

FXIFY stands out as a trustworthy and reputable proprietary trading firm, offering traders a choice among three distinct funding programs: the Two-phase Evaluation, One-phase Evaluation, and Three-phase Evaluation.

Two-phase Evaluation:
FXIFYโ€™s Two-phase Evaluation consists of two steps, where traders must achieve a 10% profit target in phase one and a 5% profit target in phase two to qualify for managing a funded account. Traders adhere to a 5% maximum daily loss and 10% maximum loss rules. There are no maximum trading day requirements during each phase, but a minimum of 5 calendar days of trading is necessary per phase. This evaluation program includes a scaling plan to potentially increase the initial account balance.

One-phase Evaluation:
The One-phase Evaluation is a streamlined one-step process where traders aim to achieve a 10% profit target to qualify for managing a funded account. Traders must manage within a 5% maximum daily loss and 6% maximum trailing loss rules. Like the Two-phase Evaluation, there are no maximum trading day requirements, but a minimum of 5 calendar days of trading is required. This program also features a scaling plan to grow the initial account balance.

Three-phase Evaluation:
FXIFYโ€™s Three-phase Evaluation spans three steps, with traders needing to reach 5% profit targets in each phase to qualify for managing a funded account. Traders maintain a 5% maximum daily loss and 5% maximum loss rules throughout. There are no maximum trading day requirements in each phase, but a minimum of 5 calendar days of trading per phase is mandatory. Similar to other evaluations, this program includes a scaling plan for potential account balance increases.

FXIFY offers exceptional trading conditions catering to diverse trading styles, including an unlimited trading period, on-demand first withdrawal, and various add-on features like raw spread accounts. With these features and a strong reputation, FXIFY stands as a leading choice among proprietary trading firms globally.

FXIFY Details

Trading Platforms

MetaTrader5
MetaTrader4

Deposit Methods

Visa, Crypto, Pay-Pal

Withdrawal Methods

Bank Transfer,  Crypto, Rise

Account Size

$10,000
$100,000
$15,000
$200,000
$25,000
$400,000
$50,000

Tradable Instruments

Commodities, Forex, Indices, Metals, Stocks

Rules

Maximum Trailing Drawdown, Maximum Daily Loss, Maximum Loss, Minimum Trading Days, Profit Target

Brokers

FXPIG

Account Currencies

USD

Trading Programs

Two-Step Challenge, One-Step Challenge, Three-Step Challenge

Incorporation

May 2023

CEO

David Bhidey, Peter Brown 

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