FXIFY Propfirm Details
Fxify is one of the fastest growing proprietary firm.They are pioneers of the first payout on demand option in the industry, allowing traders to withdraw as soon as they make profits at funded stage.Their main objective is to create funding opportunities for traders worldwide
and help them on their way toward financial freedom.
Pros
Cons
HFT not allowed
Fxify is a proprietary firm with the main aim of empowering traders with capital to emancipate their trading potentials.
All About Fxify Propfirm
In this comprehensive review, we’ll break down Fxify’s funding programs, trading conditions, rules, and overall benefits.This in-depth analysis will provide you with all the details you need to evaluate Fxify’s suitability for your trading journey.
Fxify Propfirm Details
. Year : June 2023
. Country: United Kingdom
. Propfirm Address: New Broad Street House, 35 New Broad Street, London, United Kingdom, EC2M 1NH
. CEO & Founder: Peter Brown and David Bhidey
. Trading instruments: stocks, commodities, forex, and indices
. News Trading: Allowed
. Trading platforms: MT4, MT5, Dx Trade & Trading View
. Trading Broker: FX-PIG
. Trustpilot Rating: 4.8/5
. Max capital Allocation: $800,000 (purchase size)
. Trading Competition: Yes
. Discord: Link
. Scaling Plan: Yes
. EAs: Allowed
. Minimum Account size: $,5000
. Maximum Account size: $400,000
Fxify funding Programs Details
Learn about Fxify’s funding programs, account sizes ranging from $5,000 to $100,000 with unlimited trading periods, customizable profit targets, biweekly payouts, and trading rules designed to accommodate various trader preferences.
FXIFY Propfirm offers three (03) funding programs:
-One (01) step assessment funding Program
-Two (02) step funding Program
-Three (03) step funding Program
One-step assessment details
. Profit Target: 10%
. Max Daily loss: 3%
. Max Loss: 6%
. Drawdown Type: Static
. Minimum Trading Days: 5 days
. Maximum Trading days: unlimited
. Leverage: 1:30 (1:50 using add-on)
. Profit Splits: 75% initial (90% with add-ons)
. Max Lot Size: No
. Minimum Withdrawal amount: $50
. Payout Frequency: First Payout on demand then monthly or bi-weekly
. Weekend Holding: allowed
. Refundable Fee: yes (100% fee)
Account sizes and prices
. $5,000: $59
. $10,000: $89
. $15,000: $119
. $25,000: $199
. $50,000: $379
. $100,000: $499
. $200,000: $999
. $400,000: $1999
Check discount code menu for ongoing discounts or code TPR for 5% OFF
Two-step Funding Details
. Profit target: 10% phase 1, 5% phase 2
. Max daily loss: 4%
. Max loss: 10%
. Drawdown Type: Static
. Minimum Trading days: 5 days
. Maximum trading days: unlimited
. Leverage: 1:30 (1:50 using add-on)
. Profit Splits: 75% initial (90% with add-ons)
. Max Lot Size: No
. Minimum Withdrawal amount: $50
. Payout Frequency: First payout on demand then monthly (30 days) or bi-weekly (14 days with Add-ons)
. Weekend Holding: allowed
. Refundable Fee: yes (100% fee)
Account sizes and prices
. $5,000: $59
. $10,000: $89
. $15,000: $119
. $25,000: $199
. $50,000: $379
. $100,000: $499
. $200,000: $999
. $400,000: $1999
Check discount code menu for ongoing discounts or code TPR for 5% OFF
Two step funding details
. Profit target: 5% phase 1, 5% phase 2 & 5% phase 3
. Max daily loss: 5%
. Max loss: 5%
. Drawdown Type: Static
. Minimum Trading days: 5 days
. Maximum trading days: unlimited
. Leverage: 30:1 (1:50 using add-on)
. Profit Splits: 75% initial (90% with add-ons)
. Max Lot Size: No
. Minimum Withdrawal amount: $50
. Payout Frequency: First payout on demand then monthly or bi-weekly (14 days with Add-ons)
. Weekend Holding: yes
. Refundable Fee: yes (100% fee)
Account sizes and prices
. $5,000: $39
. $10,000: $59
. $15,000: $79
. $25,000: $149
. $50,000: $249
. $100,000: $399
. $200,000: $799
. $400,000: $1599
Check discount code menu for ongoing discounts or code TPR for 5% OFF
Fxify Scaling Plan
The scaling plan (For all account sizes) is as follows:
Trader has to hit 10% in the first 3 months with 2 out of the 3 months being in profit to scale up 25%. Subsequent scale up will be every 3 months and account balance doubles.
Example – 400k account in 3 months would scale up 25% making it $500k total.
Then every 3 months the account size would be doubled:
Months 3 by 25% $500k
Months 6 double $1M
Months 9 double $2M
Months 12 double $4M.
Note: Withdrawal doesn’t affect your ability to scale.
Prohibited strategies
. Hedging on multiple accounts
. HFT (High-Frequency Trading)
. Group Trading
. Account Management
Restricted Countries
Cuba, Zimbabwe, syria, Palestine, Iran, Iraq, North Korea, somalia, Vietnam, Burundi, Central african Republic, Ivcory Coast, Liberia, Sudan, Afghanistan, Yemen, Myanmar, Nicaragua, Congo Republic, Crimea, Democratic Republic of Congo, Eritrea, Guinea-Bissau, Papua New Guinea,
South Sudan, Vanuato, Venezuela, Algeria, Russia, Kenya, and Ghana.
Payout methods
. All withdrawals with Fxify are made through Rise
