FXCI Review
FXCI is a modern proprietary trading firm established in 2023, dedicated to empowering traders by providing access to significant capital through a structured evaluation process. With a generous profit-sharing model of up to 85%, FXCI surpasses the industry standard, making it an attractive option for traders seeking high returns
FXCI Review
Summary
FXCI is a proprietary trading firm established in 2023, offering traders the opportunity to access institutional capital through funded accounts ranging from $5,000 to $200,000. The company provides two main challenge types: the Unlimited (2-step) and Boosted (1-step) programs, designed to evaluate traders’ skills and consistency before granting them access to funded accounts.
One of FXCI’s standout features is its competitive 85% profit split, which is higher than the industry standard of 80%. The firm offers trading on a wide range of instruments, including forex pairs, indices, metals, and commodities. Traders can use popular platforms like cTrader and YFT (Your Funded Trader), both integrated with TradingView charts for advanced analysis.
FXCI emphasizes flexibility in its trading conditions. The firm allows various trading strategies, including the use of EAs, copy trading, and martingale techniques during the evaluation phase. There are no time limits on completing the challenges, giving traders the freedom to progress at their own pace. Additionally, FXCI does not impose a consistency rule or position lot size limits, providing traders with more autonomy in executing their strategies.
The company offers leverage of 1:100 for forex instruments and 1:50 for metals, indices, and commodities. FXCI implements risk management rules with maximum daily loss limits of 3-5% and maximum drawdown limits of 5-10%, depending on the chosen program. The firm also provides bi-weekly payouts with a minimum withdrawal of $100, processed within 1-2 business days.
FXCI aims to support its traders through various means, including a Discord community for knowledge sharing, customer support via live chat and email, and a knowledge base with educational resources. The company also offers a fully refundable challenge fee, which is reimbursed with the first profit split when traders become funded.
Let’s examine the specific features, conditions, and programs offered by FXCI to gain a more comprehensive understanding of this prop firm’s offerings.
FXCI Review
Programs
FXCI offers two main evaluation programs for traders seeking to become funded traders: the Unlimited (2-step Challenge) and the Boosted (1-step Challenge).
Unlimited (2-step Challenge)
The Unlimited program by FXCI is a two-phase evaluation challenge for traders. In Phase 1, traders have an unlimited trading period with a maximum daily loss of 5% and a profit target of 8%. The fee ranges from $49 to $949 and is fully refundable. Phase 2 maintains the same trading conditions with a reduced profit target of 5%. Successful completion grants traders an FXCI Expert account with an 85% profit split.
Boosted (1-step Challenge)
he Boosted program by FXCI is an evaluation challenge for traders seeking quicker funding. It offers account sizes from $5,000 to $200,000. Traders have an unlimited trading period with a minimum of three trading days. The account leverage is 1:100, with maximum daily loss and drawdown limits at 3% and 5%, respectively.
Traders must reach a 10% profit target to successfully complete the challenge, with a refundable fee ranging from $59 to $959. Upon completion, traders move to the FXCI Expert account with an 85% profit split and continued risk management discipline. The fee for this program is fully refundable and ranges from $59 for the $5,000 account to $959 for the $200,000 account.
FXCI Review
Conditions
FXCI offers flexible trading conditions to help traders succeed in their challenges and as funded traders. Let’s explore the key conditions:
Drawdowns
FXCI implements drawdown limits to ensure responsible trading and risk management. The maximum daily loss for the Unlimited and Boosted programs is 5% of the account balance. This means traders cannot lose more than 5% of their previous day’s balance on any given trading day. For the maximum overall drawdown, FXCI sets a limit of 10% for the Unlimited program and 5% for the Boosted program. These drawdown rules help traders maintain discipline and protect their accounts from excessive losses.
Payouts
FXCI offers attractive payout conditions to reward successful traders. They provide bi-weekly payouts, allowing traders to request payments every 14 days. This frequent payout schedule ensures that traders can access their profits regularly. FXCI also offers an impressive 85% profit split for funded traders. This means traders keep 85% of the profits they generate, which is higher than the industry standard of 80%.
Trading Days
FXCI provides flexibility in terms of trading days. There is no maximum trading period limit for both the Unlimited and Boosted programs. This means traders can take as much time as they need to complete the challenge. However, there’s an inactivity period of 30 days where the account will be closed. The minimum trading days requirement varies: the Unlimited program has no minimum trading days, while the Boosted program requires at least three trading days.
Trading Strategies
FXCI allows a variety of trading strategies to accommodate different trading styles and preferences. Traders can use HFT bots, EAs, and automated strategies during the Evaluation stage on $5k, $10k, and $25k accounts, but these are prohibited on Expert accounts. Cost-averaging strategies like Martingale are permitted on all challenge types and phases. Hedging is allowed on a single account but not across multiple accounts. Copy trading is permitted only if traders manage accounts and don’t take opposite sides when trading on different accounts. FXCI prohibits abusive trading practices such as arbitrage or hedging across multiple accounts. Traders can use VPNs and VPS services throughout the challenge, but these should not be used to hide prohibited activities like group trading or signal trading.
Trading Hours
FXCI allows trading from Monday to Friday. However, all trades need to be closed by 3:45 pm EST on Friday. This means that weekend holding is not permitted, and traders must ensure that their positions are closed before the specified time on Fridays.
Leverage
FXCI offers competitive leverage options for its traders. The standard leverage is 1:100 for trading FX instruments and 1:50 for Metals, Indices, and Commodities. This leverage allows traders to potentially amplify their profits while also increasing the risk of losses.
Scaling Plan
FXCI currently does not offer a formal scaling plan but provides flexibility in account management. Traders can manage up to $200,000 in funds at FXCI. This can be achieved by purchasing a single $200k account or combining multiple smaller accounts, such as two $100k accounts or one $100k account and two $50k accounts. There is no limit to the number of active accounts a trader can have.
Refund Policy
FXCI has a trader-friendly refund policy for their challenge fees. When traders successfully complete the challenge and become funded traders, the initial fee is reimbursed with their first profit split. This policy demonstrates FXCI’s commitment to supporting traders who prove their skills and consistency.
FXCI Review
Features
| Maximum capital | $200,000 |
| Profit split | Up to 85% |
| Scaling | No |
| News trading | Yes |
| Weekend trading | No |
| Automated trading | Yes (during evaluation only) |
| Free trial | No |
| Maximum leverage | 1:100 |
FXCI offers several features to support traders in their journey. Here are the key features:
Platforms Offered
FXCI provides traders with two popular trading platforms to choose from:
- YFT (Your Funded Trader) Platform: The YFT platform is known for its user-friendly interface, making it an excellent choice for traders of all experience levels. It offers a seamless trading experience with easy-to-use features for placing trades, managing positions, and analyzing markets. YFT is designed to provide traders with all the necessary tools to execute their strategies effectively while maintaining simplicity in navigation and operation.
- cTrader Platform: cTrader is a widely recognized and advanced trading platform that caters to more experienced traders. It offers a robust set of analytical tools, advanced charting capabilities, and customizable features. cTrader is known for its fast execution speeds and support for algorithmic trading, making it ideal for traders who employ complex strategies or use automated trading systems. The platform also provides detailed market depth information and supports a wide range of order types.
Dashboard
The FXCI dashboard is designed to be user-friendly and intuitive, providing traders with all the necessary tools and information to manage their accounts effectively. The dashboard allows traders to monitor their performance, track their progress, and access various account settings. It’s a central hub where traders can manage their challenges, view their balance, and keep an eye on their trading objectives. The dashboard is accessible via the FXCI website, making it easy for traders to stay on top of their trading activities.
Support Offered
FXCI provides comprehensive support to help traders succeed. The company offers easy-to-follow guidance, advice, and technical expertise. Whether you’re a novice or a seasoned trader, FXCI’s support team can assist. They have a friendly and committed approach, ensuring traders never leave without help. Support channels include live chat, email, and Discord, making it easy for traders to get assistance.
Knowledge Base
FXCI has a robust knowledge base to help traders improve their skills and understand the platform better. The knowledge base includes a blog and FAQs section that cover various aspects of trading and the FXCI platform. These resources provide valuable insights, tips, and explanations to help traders navigate the challenges and make informed decisions. The knowledge base is designed to be accessible and informative, supporting traders in their journey to becoming successful funded traders.
Broker Integration
FXCI does not integrate with external brokers; instead, traders use FXCI’s proprietary platform. FXCI describes itself as a prop trading company that allows people to trade with simulated funds. They offer funded trading accounts to traders who successfully complete their evaluation challenges. Their business model is based on profit-sharing with successful traders rather than acting as a traditional broker that accepts client deposits. FXCI’s platform is designed to be self-contained, providing all the necessary tools and features for traders to succeed within their ecosystem.
FXCI Review
Conclusion
In conclusion, FXCI stands out with its high 85% profit split, flexible challenges, and trader-friendly conditions. The firm’s diverse features, including bi-weekly payouts and multiple trading platforms, cater to various trading styles. While FXCI offers many strengths, traders should be aware of the strict drawdown limits and the prohibition of automated trading on Expert accounts. Overall, FXCI provides a compelling opportunity for traders seeking a balanced and potentially lucrative prop trading experience.
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