FXIFY Review (Discount code: TPR)
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 trading firm dedicated to supporting traders by providing them with the necessary capital. Their primary goal is to enable traders to fully realize and unleash their trading capabilities.They provide trading instruments such as crypto, forex, stocks and metals.
Who Are Fxify ?
FXIFY is a prop trading firm that was founded in June 2023, and it is located at New Broad Street House, 35 New Broad Street London, EC2M 1NH, United Kingdom. The firm is co-led by Peter Brown and David Bhidey and provides their clients with a variety of tradeable instruments.
Funding Programs Offered
FXIFY offers four (04) funding programs:
. One-step assessment funding Program
. Two-step funding Program
. Three-step funding Program
. Instant Funding Program
One-Step Program Details
The FXIFY‘s One-Step Assessment Program is an innovative, one-step funding program for traders. it has funding accounts reaching up to $400,000 and trading leverage of 1:30. With this program, Once you’re funded, you can immediately start trading and withdraw profits at any time.
| Account Size | Price |
|---|---|
| $5,000 | $59 |
| $10,000 | $89 |
| $15,000 | $119 |
| $25,000 | $199 |
| $50,000 | $379 |
| $100,000 | $499 |
| $200,000 | $999 |
| $400,000 | $1,999 |
The evaluation phase requires traders to achieve a 10% profit target without exceeding a 3% maximum daily loss or a 6% maximum trailing loss. There are 5 minimum trading days and no maximum number of trading days. To advance to a funded account, traders only need to meet the 10% profit goal while adhering to the maximum loss limits.
Upon successful completion of the evaluation phase, traders gain access to a funded account, with no maximum trading days. Traders must continue to respect the drawdown parameters as during evaluation. The first withdrawal from the funded account is available on-demand, without a minimum amount, and subsequent withdrawals are either monthly or bi-weekly (using add-ons) with profits splits of 75% or 90% (using add-ons)
One-Step Assessment Trading Rules & Parameters
Profit Target: During the evaluation phase only, a profit performance of 10% is required.
Daily Loss Limit: All accounts are assigned a maximum daily loss threshold, set at 3% for all account sizes, which they cannot exceed in a single trading day.
Max Loss Limit: The maximum trailing loss is set at 6% for all trading account sizes during the evaluation and funded stage.
Minimum Trading Days: Traders are to trade for a minimum of 5 days.
Two-Step Program Details
FXIFY‘sTwo-StepProgram is a 2-step funding program. This program includes accounts up to $400,000 with a leverage ratio of 1:30 or 1:50 (using Add-on). Once funded, traders can start trading immediately and are eligible to withdraw their first profits on demand.
| Account Size | Price |
|---|---|
| $5,000 | $59 |
| $10,000 | $89 |
| $15,000 | $119 |
| $25,000 | $199 |
| $50,000 | $379 |
| $100,000 | $499 |
| $200,000 | $999 |
| $400,000 | $1,999 |
The evaluation phase requires traders to achieve a profit target of 10% during phase 1 and 5% at phase 2, with a daily loss limit of 4% and a maximum overall loss of 10%. Traders must complete at least 5 trading days. News trading is allowed during all stages. Upon passing, traders move to the funded account, where they keep 75% or 90% (using add-ons) of profits they generate, with first payout also on demand.
Two-Step Program Trading Rules & Parameters
Profit Target: During the evaluation phases only, a profit performance of 10% is required during phase 1 and 5% during phase 2.
Daily Loss Limit: All accounts are assigned a maximum daily loss threshold, set at 4% for all account sizes, which they cannot exceed in a single trading day.
Max Loss Limit: The maximum trailing loss is set at 10% for all trading account sizes during the evaluation and funded stage.
Minimum Trading Days: Traders are to trade for a minimum of 5 days.
Three-Step Program Details
FXIFY‘s three-step program provides funding to traders with account sizes up to $400,000 with a leverage ratio of 1:30 as default and 1:50 using add-ons. Once funded, traders can start trading immediately and are eligible to withdraw their first profits anytime.
A Look At Three-step Account Sizes and Fees
| Account Size | Fee |
|---|---|
| $5,000 | $39 |
| $10,000 | $59 |
| $15,000 | $79 |
| $25,000 | $149 |
| $50,000 | $249 |
| $100,000 | $399 |
| $200,000 | $799 |
| $400,000 | $1,599 |
The evaluation phase requires traders to achieve a profit target of 5% during phase 1, 5% at phase 2, and 5% at phase 3 with a daily loss limit of 5% and a maximum overall loss of 5%. Traders must complete at least 5 trading days. News trading is allowed during all stages. Upon passing, traders move to the funded account, where they keep 75% or 90% (using add-ons) of profits they generate, with first payout also on demand.
Three-Step Program Trading Rules & Parameters
Profit Target: During the evaluation phases only, a profit performance of 5% is required during each of the 3 phases.
Daily Loss Limit: All accounts are assigned a maximum daily loss threshold, set at 5% for all account sizes, which they cannot exceed in a single trading day.
Max Loss Limit: The maximum trailing loss is set at 5% for all trading account sizes during the evaluation and funded stage.
Minimum Trading Days: Traders are to trade for a minimum of 5 days.
Instant Funding Program Details
FXIFY‘s Instant Funding Program permits traders to get funded without passing through evaluation stage. This program has account sizes up to $50,000 with a leverage up to 1:50. Once funded, traders can start trading immediately and are eligible to withdraw their first profits anytime.
| Account Size | Fee |
|---|---|
| $1,000 | $69 |
| $2,500 | $119 |
| $5,000 | $229 |
| $10,000 | $449 |
| $25,000 | $899 |
| $50,000 | $1,749 |
Instant Funding Program Trading Rules & Parameters
Profit Target: No profit targets
Daily Loss Limit: All accounts are assigned a maximum daily loss threshold, set at 8% for all account sizes, which they cannot exceed in a single trading day.
Max Loss Limit: The maximum trailing loss is set at 8% for all trading account sizes during the evaluation and funded stage.
Minimum Trading Days: There are no minimum trading days.
Restrictions on News: Trading during high-impact news releases is prohibited
Which Broker To Trade With on FXIFY ?
FXIFY uses as broker FXPIG.With 10+ years of proven reliability, FXPIG has built an enviable reputation. Their market knowledge elevates every financial strategy to a new level.
Payout Proofs
FXIFY prop firm has emerged as a reliable partner in the prop trading industry. having paid out more than $30,000,000 in just one year to its traders. This achievement clearly shows their dedication to their traders around the globe.
FXIFY is not just a prop firm, it seeks to revolutionize the dynamics of the trading community by providing viable funding options for traders, sophisticated tools and a platform to fully maximize their trading capabilities. Below images are some payout proofs from FXIFY.
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
Conclusion:
FXIFY prop firm is without a doubt a revolutionary prop firm in the industry, as showcased by their remarkable feat of processing over $30,000,000 in withdrawals in the span of a year. This milestone demonstrates their commitment to enabling the traders by introducing innovative funding programs, flexible withdrawals, and great trading machinery. FXIFY is a reliable partner, trustworthy, and progressive for traders looking for opportunities to realize their full potential in the trading business.
