FXIFY Review

FXIFY is a dynamic prop trading firm that offers traders the opportunity to manage significant capital, with account sizes scaling up to $4 million. The firm provides a variety of evaluation programs tailored to different trading styles, along with access to popular trading platforms like MetaTrader 4, MetaTrader 5, and DXtrade.

FXIFY Review

Summary

FXIFY is a prominent prop trading firm that stands out for its commitment to empowering traders with effective market navigation tools and rapid payouts, which are among the fastest in the industry. This firm caters to both new and experienced traders by offering a variety of evaluation programs that are designed to suit different trading styles and risk appetites. FXIFY emphasizes flexibility, allowing traders to choose from multiple platforms, including MetaTrader 4, MetaTrader 5, and DXtrade, to best match their trading strategies and preferences.

One of FXIFY’s key strengths is its focus on automated trading and high profit-sharing opportunities. Traders can benefit from a performance split of up to 90%, which is highly competitive in the prop trading industry. The firm also provides a robust support system, with 24/7 availability and real-time analytics, ensuring that traders have the resources they need to succeed. Furthermore, FIXFY’s scaling plan allows traders to grow their account size significantly, with the potential to manage up to $4 million, offering substantial growth opportunities for those who consistently meet performance targets.

In addition to its trading platform offerings, FXIFY provides a comprehensive support hub, including live chat and email support, to assist traders with any inquiries or issues they may encounter. The firm’s knowledge base, featuring FAQs and other educational resources, further supports traders in navigating their trading journey. Overall, FXIFY positions itself as a flexible and supportive environment for traders aiming to maximize their potential in the financial markets.

Let us explore FXIFY’s features and programs, detailing the evaluation options and platform offerings. We’ll also examine the firm’s support systems and scaling opportunities, providing a thorough overview of what traders can expect.

Pros
  • FXIFY offers up to a 90% profit split, giving traders a generous share of their earnings.
  • Provides a user-friendly and advanced trading dashboard
  • Offers fast payouts and bi-weekly withdrawal options
  • Allows news trading and weekend holding
  • Offers up to $4 million in trading capital
  • Traders can access platforms like MetaTrader 4, MetaTrader 5, and DXtrade, catering to different trading preferences.
  • The firm allows grid and Martingale strategies, offering flexibility in trading methods.
Cons
  • High evaluation fees that may pose a financial risk to unsuccessful traders
  • FXIFY lacks extensive educational resources, which could be a drawback for novice traders.
  • Concerns about the regulatory oversight and transparency of its parent company, FXPIG

FXIFY Review

Programs

FXIFY offers a variety of evaluation programs designed to accommodate different trading styles and levels of experience. Here’s a detailed overview of each program:

1 Phase Assessment

The 1 Phase Assessment is designed for traders who wish to expedite their journey to becoming funded. This program involves a single-phase evaluation, allowing traders to quickly demonstrate their trading skills and get funded. The profit target is 10% of the account size, with a daily loss limit of 5% and a maximum trailing drawdown of 6%. Traders are required to trade for a minimum of 5 days, but they have the flexibility of unlimited trading days to meet their targets. Successful traders can benefit from a performance split of up to 90% and leverage of up to 50:1.

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FXIFY 1-Phase Assesment
FXIFY 1-Phase Assesment

The refundable fee for this program starts at $85 for the smallest account size of $10,000.  They various account sizes and fees offered by this evaluation includes:

  • $10,000: $85 
  • $15,000: $115
  • $25,000: $199 
  • $50,000: $375 
  • $100,000: $499 
  • $200,000: $999 
  • $400,000: $1,999 

2 Phase Assessment

The 2 Phase Assessment is designed for traders who prefer a more structured and disciplined approach. This program requires traders to pass through two phases of evaluation, promoting consistency and careful risk management. The profit target remains at 10% for the first phase and reduces to 5% for the second phase.

FXIFY 2-Phase Assessment
FXIFY 2-Phase Assessment

Like the 1 Phase Assessment, it maintains a daily loss limit of 5% and a maximum static drawdown of 10%. Traders must complete a minimum of 5 trading days, with unlimited maximum trading days. The performance split can reach up to 90%, and leverage is offered up to 50:1. The refundable fee for this program also starts at $85 for the smallest account size of $10,000. Other accounts and fees offered includes:

  • $15,000: $115
  • $25,000: $199 
  • $50,000: $375 
  • $100,000: $499 
  • $200,000: $999 
  • $400,000: $1,999 

3 Phase Assessment

The 3 Phase Assessment is the most comprehensive program offered by FXIFY, and it is ideal for traders who want to demonstrate consistent performance over a more extended period. This program involves three phases, each with its profit targets: 10% for the first phase and 5% for the subsequent phases.

FXIFY 3-Phase Assessment
FXIFY 3-Phase Assessment

The daily loss limit is 5%, with a maximum static drawdown of 5%. Traders are required to trade for a minimum of 5 days, with no maximum limit on trading days. This program also offers a performance split of up to 90% and leverage of up to 50:1. The refundable fee for this program starts at $59 for the smallest account size of $10,000. Other account sizes and fees include:

  • $15,000: $79
  • $25,000: $149 
  • $50,000: $249 
  • $100,000: $399 
  • $200,000: $799 
  • $400,000: $1,599 

Each program allows traders to choose and customize their account sizes, ranging from $10,000 to $400,000, according to their trading goals and risk tolerance. This flexibility ensures that both beginners and experienced traders can find a suitable path to becoming funded with FXIFY.

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FXIFY Review

Conditions

FXIFY’s trading conditions are designed to balance risk management with flexibility, providing traders with clear guidelines while allowing them to employ various strategies. Some of the conditions include:

Drawdowns

FXIFY offers different drawdown rules across its evaluation programs, tailored to suit various trading styles and risk management approaches. For the 1 Phase Assessment, traders must adhere to a maximum trailing drawdown of 6%. This means the account balance cannot drop more than 6% below its highest point during the evaluation. The 2 Phase Assessment implements a stricter approach with a maximum static drawdown of 10%, providing a fixed threshold that cannot be exceeded throughout both phases. The 3 Phase Assessment, designed for demonstrating consistent performance over a longer period, employs the most conservative drawdown rule with a maximum static drawdown of 5% across all three phases. Additionally, all programs maintain a daily loss limit of 5%, adding an extra layer of risk control. 

Trading Days

FXIFY requires traders to complete a minimum of 5 trading days in all their evaluation programs—1 Phase, 2 Phase, and 3 Phase. This ensures traders demonstrate consistent performance over time. There is no maximum limit on trading days, allowing traders to reach their profit targets at their own pace. However, traders must place at least one trade every 60 days to avoid breaching the inactivity rule.

Trading Strategies

FXIFY offers a flexible approach to trading strategies, allowing traders to use various methods to suit their individual preferences and market conditions. The firm supports using Expert Advisors (EAs), enabling automated trading strategies that can execute trades based on predefined criteria. Traders are also permitted to hold positions over the weekend, providing the opportunity to capitalize on longer-term market movements. Additionally, FXIFY allows using Martingale and grid strategies, which are often restricted by other firms.

Refund Policy

FXIFY offers a refund policy where the fees paid for their evaluation programs are refundable. If traders successfully complete the evaluation phases, they can receive their fees back. This policy applies to all account sizes and program types, providing an added incentive for traders to meet the evaluation criteria.

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Scaling Plan

FXIFY offers an impressive scaling plan that allows traders to grow their account size significantly. The plan enables traders to scale up their accounts to a maximum of $4 million. To qualify for scaling, traders must achieve a 10% profit within the first three months, with positive results in at least two of those months.

FXIFY Review

Features

Maximum capital$400,000
Profit splitUp to 90%
ScalingYes
News tradingYes
Weekend tradingYes
Automated tradingYes
Free trialNo
Maximum leverage1:50
FXIFY Features

FXIFY offers various features to improve trading and support traders throughout their journey. Here are some of the features:

Platforms Offered

FXIFY offers traders a choice of three popular trading platforms to conduct their trades: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and DXtrade. This variety caters to different trading preferences and strategies.

MetaTrader 4 (MT4) is a widely used platform known for its user-friendly interface and robust features. It supports advanced charting tools, technical indicators, and automated trading through Expert Advisors (EAs). MT4 is ideal for traders who rely on technical analysis and algorithmic trading strategies.

MT4 Trading Platform
MT4 Trading Platform

MetaTrader 5 (MT5) is the successor to MT4 and offers additional features and functionalities. It is suitable for traders who require more advanced tools, such as additional timeframes, more order types, and a built-in economic calendar. Like MT4, MT5 also supports EAs for automated trading.

MetaTrader 5 (MT5)
MetaTrader 5 (MT5)

DXtrade is a newer platform offered by FXIFY, designed to provide a sleek and intuitive trading experience. It offers a comprehensive trading dashboard with performance analytics, allowing traders to evaluate their trading performance and identify areas for improvement. DXtrade is suitable for both new and experienced traders, offering tools for client retention, engagement, and risk management.

Dxtrade Trading Platform
Dxtrade Trading Platform

By providing access to these three platforms, FXIFY ensures that traders can choose the one that best aligns with their trading style, whether they focus on manual trading or automated strategies or require a modern and user-friendly interface. 

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Support Offered

FXIFY boasts a support system that is available 24/7 to assist traders with any issues or inquiries. The Support Hub offers quick and easy access to resolve concerns, with options to reach out via email for general inquiries. The support team is available online Monday to Friday from 9 AM to 6 PM BST for email responses. Additionally, FXIFY provides a live chat feature, available 24 hours from Monday to Friday, ensuring real-time communication with the support team without the use of automated responses.

Knowledge Base

FXIFY offers a comprehensive knowledge base to address traders’ queries. The FAQ section covers a wide range of topics related to FXIFY’s programs, platform setup, and evaluations. This resource is designed to help traders find answers to common questions and gain a better understanding of the firm’s offerings. The knowledge base is easily accessible, providing a valuable tool for both new and experienced traders.

Additional Features

  • Increased Leverage: FXIFY offers increased leverage options, allowing traders to trade with more confidence and potentially enhance their trading strategies.
  • Performance Split: Traders can maximize their earnings with an extra 15% performance split, receiving up to 90% of their trading gains on funded accounts.
  • Bi-weekly Payouts: FXIFY ensures regular earnings distribution with a bi-weekly payout system.
  • Advanced Account Metrics: Traders have access to detailed account metrics to monitor their performance.
  • Trading Competitions and Leaderboard: Regular competitions and a leaderboard for top performers provide additional incentives and opportunities for traders to showcase their skills.

These features collectively enhance the trading experience at FXIFY, providing traders with the tools, support, and flexibility needed to succeed in the prop trading environment.

FXIFY Review

Conclusion

FXIFY shines with its rapid payouts, flexible platform options, and generous profit-sharing model of up to 90%. The ability to scale accounts up to $4 million and 24/7 support make it an attractive choice for traders. However, it’s essential to understand the evaluation rules and fees and maintain strong risk management. Overall, FXIFY offers a supportive environment for traders looking to grow their accounts and succeed in the markets.

7.7Expert Score
FXIFY Rating

FXIFY is a dynamic prop trading firm that offers traders the opportunity to manage significant capital, with account sizes scaling up to $4 million. The firm provides a variety of evaluation programs tailored to different trading styles, along with access to popular trading platforms like MetaTrader 4, MetaTrader 5, and DXtrade.

Programs
8
Conditions
7
Features
8

FXIFY Review

FAQ

How does the evaluation process work at FXIFY?

FXIFY offers three evaluation programs: 1-phase, 2-phase, and 3-phase.

What is the profit split offered by FXIFY?

FXIFY offers a profit split of up to 90%.

What trading platforms does FXIFY support?

FXIFY supports MetaTrader 4, MetaTrader 5, and DXtrade.

Can traders scale their accounts with FXIFY?

Yes, FXIFY offers a scaling plan that allows traders to grow their account size up to $4 million based on consistent

Are there any restrictions on trading strategies at FXIFY?

No. FXIFY allows a wide range of trading strategies, including the use of Expert Advisors (EAs), grid trading, and Martingale strategies.

What is the minimum trading day requirement for FXIFY evaluations?

Traders must complete a minimum of 5 trading days in each phase of the evaluation process, with no maximum trading day limit.
FXIFY Review
FXIFY Review
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