In the expanding world of proprietary trading, FXIFY is steadily emerging as a popular choice for both novice and experienced traders. Known for its diverse account offerings, generous profit splits, and comprehensive educational resources, FXIFY presents a robust package for those looking to access larger capital and scale their trading ambitions. In this review, we delve into the key features, evaluation process, account options, trading rules, and benefits that FXIFY offers, as well as a few areas that may be challenging for some traders. Whether you’re considering FXIFY as a platform to elevate your trading career or you’re simply curious about how it stacks up against other prop firms, this review will give you a clear picture.
About FXIFY: What Sets It Apart?
FXIFY, Ltd., is a proprietary trading firm driven by a commitment to transparency and trader support. Established by seasoned investment specialists and fund managers, FXIFY is structured to support traders in achieving long-term success. Unlike traditional firms with complex requirements, FXIFY’s approach is streamlined, allowing traders to focus on their strategies while ensuring real market execution for authenticity. With strong backing from a knowledgeable team, FXIFY aims to provide a secure and legally protected trading environment for all its traders.
Low Commissions
FXIFY understands that high trading costs can eat into profits, so the firm has adopted a competitive commission structure to keep trading as cost-effective as possible. The commission rates are as follows:
- Forex: $2 per lot round-turn (RT)
- Energy and Metals: $2 per lot RT
- Crypto: 0.05% of the contract value
- Indices: 0.01% of the contract value
This transparent fee structure enables traders to maximize their earnings without worrying about excessive costs.
Simple Rules
One of FXIFY’s core principles is simplicity in trading guidelines. Rather than complex, hidden terms, FXIFY offers a clear and straightforward rule set that allows traders to focus solely on their trading. This transparent structure makes FXIFY a friendly environment for both beginners and advanced traders alike.
Combined Drawdown System
FXIFY uses a combined drawdown approach, which differentiates it from other prop firms that rely on trailing drawdown exclusively. While a 5% trailing drawdown is required up until a break-even point, FXIFY switches to a fixed drawdown after break-even is reached. This provides traders with more leeway and risk potential, enabling them to strategize without the constant pressure of trailing losses.
High Profit Split
FXIFY offers traders a lucrative profit split, with the possibility to keep up to 90% of profits. This high rate is among the most competitive in the industry and is calculated at the end of the New York trading session on the day a payout is requested. FXIFY’s profit-sharing model is ideal for traders looking to maximize their earnings while trading with firm-provided capital.
Rapid Scaling Plan
For traders demonstrating consistent performance, FXIFY offers a fast scaling plan that allows accounts to grow up to $2,000,000. This enables traders to access more capital as they progress, significantly enhancing their earning potential and trading opportunities.
Weekly and Biweekly Payouts
FXIFY supports both weekly and biweekly payouts, allowing traders to access their profits promptly. Based on account balance and equity at the end of the New York trading session, FXIFY ensures efficient and transparent profit sharing.
FXIFY’s Evaluation Process
FXIFY’s evaluation is designed to accommodate traders of all skill levels. The firm offers multiple pathways to funding, allowing flexibility and a range of growth opportunities.
1. Evaluation Stage
This stage consists of a one-step challenge focused on risk management and consistent performance. With the 5% trailing drawdown rule, traders are tested on their ability to manage risk responsibly, a skill essential for long-term success in proprietary trading.
2. Signal Provider Stage
After completing the evaluation, traders transition to the Signal Provider stage, where they trade on a demo account, and trades are mirrored on live accounts. Here, traders earn a 75% profit share and enjoy full transparency in their trading activity. FXIFY reserves the right to copy any or all trades to its own accounts, further supporting successful strategies.
3. Hired Trader Stage
Once traders reach the $500,000 account size, they qualify as a Hired Trader with a profit share of 90%. At this stage, trades are executed directly on a live account, and traders gain additional professional recognition. FXIFY provides Hired Traders with enhanced earnings and flexibility, allowing them to pursue broader career opportunities.
FXIFY Account Options and Evaluation Details
FXIFY provides various account types to cater to different trading ambitions, ranging from a $25,000 Bronze account to a $225,000 Diamond account. Below are the primary account options and their features:
- Diamond Account ($225,000):
- Profit Target: 10% ($22,500)
- Minimum Trading Days: 15
- Drawdown: 5% trailing
- Profit Share: 75%
- Refundable Fee: $647
- Payout: Biweekly on demand
- Gold, Silver, and Bronze Accounts: Similar structure, with fees and profit targets proportionate to account size, enabling traders to select a plan that aligns with their goals and experience level.
Each account type in FXIFY’s lineup offers scalable opportunities, clear rules, and consistent payout schedules, making it suitable for traders at any stage.
Evaluation Rules and General Guidelines
FXIFY is committed to a disciplined trading environment. Here’s a breakdown of the essential rules and guidelines:
- Evaluation: 5% trailing drawdown with a minimum of 15 trading days required.
- Signal Provider Stage: 5% trailing and fixed drawdown with a 10% profit target, 25 minimum trading days, and biweekly payouts.
- Hired Trader Stage: 5% trailing and fixed drawdown with a 10% profit target, 25 minimum trading days, and weekly payouts.
Traders must adhere to these guidelines, with stops on all trades, consistency requirements, and restrictions on specific EAs and copy trading. FXIFY also enforces a policy of “three strikes” for rule breaches, emphasizing accountability.
Proactive Learning at FXIFY
FXIFY emphasizes trader education as a core component of its platform. The FXIFY Learning Center includes a range of courses and resources covering topics from candlestick patterns to Fibonacci and Elliott Wave theory. FXIFY provides two main subscription options:
- Education Package ($17.97/month): Unlimited resets, access to the Learning Center, and daily market analysis.
- Free Trial: A 10-day free trial with access to limited educational content and daily analysis.
With more than 140 videos in its educational library, FXIFY offers traders at all levels a pathway to improving their skills and staying current with market trends.
What We Think About FXIFY
FXIFY positions itself as a top-tier proprietary trading firm with a well-rounded offering. The standout features include generous funding opportunities up to $2,000,000, high profit splits up to 90%, and access to a comprehensive suite of trading instruments, including Forex, Crypto, and Commodities. The firm’s educational resources are equally impressive, covering a wide range of trading strategies and analytics that support both personal growth and professional development.
The weekly and biweekly payout options enhance liquidity for traders, while the free 10-day trial and educational packages are attractive incentives for new users. The combined drawdown system, transparent rule set, and clear progression path make FXIFY a viable choice for anyone looking to grow within a structured trading environment.
However, FXIFY’s 5% trailing drawdown rule may be challenging for those less experienced with strict risk management, and the minimum trading days requirement can be limiting. Additionally, the restrictions on certain EAs and copy trading may be a drawback for some traders. Overall, though, FXIFY offers a trader-friendly environment with clear rules, ample resources, and the flexibility to manage accounts on a large scale.
Final Thoughts on FXIFY
FXIFY’s commitment to transparency, strong customer support, and comprehensive trader education sets it apart in the proprietary trading firm landscape. With scalable funding opportunities, high profit-sharing, and an engaged community, FXIFY provides an accessible and rewarding platform for traders.
Whether you’re new to prop trading or a seasoned professional, FXIFY offers a diverse set of features to accommodate a wide range of trading styles and goals. The structured evaluation process and continuous support make it an ideal choice for those looking to enhance their trading careers. With thoughtful risk management and a commitment to long-term success, FXIFY stands out as a firm that values its traders and invests in their growth.
For traders ready to take on the challenge, FXIFY opens a gateway to greater capital access and the resources needed to succeed in a competitive trading environment. Visit FXIFY’s website to get started and explore how this innovative platform can propel your trading career to new heights.