FXIFY Prop Firm Review – Having established itself as one of the strong contenders in the proprietary trading market, the FXIFY Prop Firm offers the opportunity to trade with funded accounts. This enables traders to retain the largest percentage of all profits realized. This review will help you understand that FXIFY has been designed for professional and novice traders looking to maximize their earnings, with extremely flexible conditions of trade, very good profit sharing, and ease of evaluation. Similar to all proprietary trading firms, there are pros and cons associated with the trading of FXIFY alighted in this review.
In this review, we discuss some of the advantages and disadvantages associated with FXIFY let you know if this prop firm is a good fit for you. This sets the stage for a balanced review by highlighting FXIFY prop firm main appeal while indicating that we will discuss both its positives and negatives.
Instruments
Currency pairs, stocks, indices, gold, and cryptocurrency
Pros of FXIFY Prop Firm
- Challenge in one or two phases with the contribution returned with a 25% bonus, with 6 funding options.Â
- Traders can trade up to $400,000 – during scaling up to $4 million, with profit percentages between 75% and 90%. Bank transfers, credit cards, PayPal, and cryptocurrency wallets are deposit/withdrawal options.Â
- No trading restrictions that allow for scalping, hedging, and news trading.Â
- Daily drawdown allowed up to 5%; overall – up to 6% or 10%.
- The partner program of this prop-trading company can provide up to 20% of the referral’s initial contribution, plus other bonuses.
- Traders use top-notch MT4 and MT5 trading platforms with individual customization.
- Excellent Trustpilot Rating of 4.3/5
- 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 Types
Cons of FXIFY Prop Firm
- The first profit withdrawal can be made at any time upon request, after not more than once every two weeks with a prior application.
- There are 5 asset types presented, but the pool of financial instruments is smaller compared to many competitors.
- Minimum Trading Day Requirements of 5 Days
- Monthly Payout Cycles (Decreased to Bi-weekly with Add-on)
- Trailing Drawdown on One-phase Evaluation
- Low 5% Maximum Loss Rule on Three-phase Evaluation
- Low Max Trailing Drawdown 6%
- The profit split is 75% by default but you can upgrade it to 90% during checkout.
Payments proofÂ
The company has a big community of traders who achieve a funded status and go on to qualify successfully for a profit split. By working with FXIFY and reaching funded status using either the Two-phase Evaluation, the One-phase Evaluation, or the Three-phase Evaluation, you will be qualified to demand your first payout. After your initial payout, you will also qualify for payouts after surpassing your first account size every 30 calendar days or after 14 calendar days with an add-on. Your profit split will be an amazing 75%, up to 90% depending on the profit that you will have made on your funded account.
When it comes to the proof of payment by FXIFY, the information can be seen on loads of websites. For example, Trustpilot, from where their traders comment about how they felt working with the company and how they got paid successfully. You can find payment proof for FXIFY in their Discord channel, where numerous payout certificates from successful traders are available.
Frequently Asked Questions (FAQ)
What is FXIFY Prop Firm?
FXIFY is a proprietary trading firm that funds skilled traders after they successfully pass an evaluation process. It provides capital and allows traders to retain a significant portion of their profits.
How does the evaluation process work?
The evaluation typically involves reaching a specific profit target while adhering to drawdown limits and other risk management criteria within a set time frame.
What is the profit split offered by FXIFY?
FXIFY offers a competitive profit split, often allowing traders to keep up to 80% of their profits, depending on the account and agreement.
Are there any restrictions on trading strategies?
No, FXIFY allows traders to use a wide range of strategies, including scalping, hedging, and using expert advisors (EAs).
How long does it take to get funded?
The time it takes to get funded depends on how quickly a trader meets the evaluation requirements. Some traders complete it in weeks, while others may take longer.
What fees are associated with FXIFY?
FXIFY charges a fee for the evaluation process, and there may be additional costs for platform usage or inactivity penalties.
How does FXIFY handle payouts?
Payouts are processed regularly, typically on a monthly basis, with traders able to request withdrawals once they have generated profits in their funded account.
Is FXIFY accessible to traders globally?
Yes, FXIFY is available to traders from various countries, though some geographic restrictions may apply based on local regulations.
What happens if I don’t meet the evaluation criteria?
If a trader fails the evaluation, they may need to restart the process or pay a fee to retry the evaluation. Some firms offer discounts or flexible retry options.
Is FXIFY a broker?
No, FXIFY is a proprietary trading firm. The company creates online challenges for talented traders to prove themselves and win access to funded accounts. Profits are split between traders and FXIFY. The profit split is 75%/10% (trader/company) by default but you can upgrade it to 90% during checkout.
Which Broker Does FXIFY Use?
The broker assigned to it is FXPIG. FXPIG broker was created to be a reliable and equitable partner for its traders, providing an extremely professional trading environment. Its primary concentration is on enabling its traders with the opportunity to enjoy fair and competitive trading terms, such as the tight spread, fastest execution, and access to a wide range of trading instruments. Complete transparency and orientation to pleasing the clients have made FXPIG well-known as one of the leading names amongst traders around the world.
 Fxify Fees: How Much Do They Charge?
With leverage options of up to 50:1 and profit sharing of up to 90%, FXIFY is an attractive alternative for traders who prefer a more conservative approach. Depending on the size of the account, there are one-time refundable expenses, but they pale in comparison to the opportunities and possible returns available to traders.
What Makes Fxify Unique?
The prop trading company Fxify offers one-phase and two-phase programs to traders. It is possible to enable the change of trading strategies with these applications, trade on weekends, hold positions overnight, and trade news – this requires an add-on that is available only for Extended accounts. Fxify funding packages feature unique features that set them apart from those others provided.
The company has provided for customization of trading accounts upon checkout, depending on the demands it has had from different types of traders. Traders can adjust the size of their accounts to suit their style and preference of trading.
