FXIFY is a proprietary trading firm based in London, UK, co-founded by David Bhidey and Peter Brown. It offers traders the opportunity to access significant capital through various evaluation programs, including one-phase, two-phase, and three-phase challenges.
FXIFY is known for its user-friendly interface, robust analytical tools, and a wide range of trading instruments such as forex pairs, commodities, indices, stocks, and cryptocurrencies. The firm provides flexible trading conditions, including no maximum trading period, overnight and weekend holding, and news trading. With a profit share that can reach up to 90% and a rapid payout system, FXIFY aims to empower traders by offering competitive and transparent trading conditions.
👀 What is FXIFY?
FXIFY is a proprietary trading firm based in London, United Kingdom. It was founded in 2022 and is co-founded by David Bhidey and Peter Brown. The company's registered office is located at Unit 1, 74 Back Church Lane, London, E1 1LX.
FXIFY provides an opportunity for traders to undertake an evaluation process and gain access to a funded trading account of up to $400,000 with a profit split of up to 90% in favor of the trader.
After successfully completing the evaluation, traders are required to provide identification documents and proof of address for verification purposes. FXIFY does not provide services to individuals or countries on sanction lists, those with criminal records related to financial crimes or terrorism, or individuals less than 18 years of age.
| Key Feature | Details |
|---|---|
| Co-Founders | David Bhidey and Peter Brown |
| Platform | MT4 and MT5 |
| Payout Split | Upto 90% |
| First Payout | Anytime |
| Subsequent Payouts | 30 Days or even bi-weekly (Conditional) |
| Initial Maximum Drawdown | 8% |
| Headquarters | United Kingdom |
| Expert Advisors | Allowed |
| Max Funding | $400,000 |
| Funding Programs | One Phase Evaluation, Two Phase Evaluation, Three Phase Evaluation |
| Leverage | 30:1 |
| Weekend Holding | Allowed |
| Contact | support@fxify.com |
| Trustpilot Rating | 4.5/5.0 |
How Does the FXIFY Evaluation Process Operate?
Before embarking on the path to becoming a funded prop trader, FXIFY requires traders to demonstrate their proficiency through a rigorous evaluation process. This multi-phase assessment is designed to gauge a trader's risk management skills, trading strategies, and overall trading prowess.
The One-Phase assessment is a single-step evaluation where traders must achieve a 10% profit target without violating the 5% daily loss limit or 6% maximum trailing drawdown rule. There is no time limit, but a minimum of 5 trading days is required. Traders can choose account sizes ranging from $10,000 to $400,000 for this assessment.
The Two-Phase program follows a more gradual approach. In Phase 1, traders need to reach a 10% profit target while adhering to a 5% daily loss limit and 10% maximum loss rule. Phase 2 requires a 5% profit with the same risk parameters. Both phases mandate a minimum of 5 trading days. Successful traders receive a funded account with profit splits up to 90%.
FXIFY allows traders to customize their accounts by selecting leverage up to 50:1, pricing models (raw or all-in), trading platforms (MT4/MT5), and other add-ons. The evaluation fees are one-time costs, refundable upon the first withdrawal from the funded account.
One Phase Evaluation
| Account Size | Pricing |
|---|---|
| $10,000 | $75 |
| $15,000 | $99 |
| $25,000 | $175 |
| $50,000 | $325 |
| $100,000 | $475 |
| $200,000 | $999 |
| $400,000 | $1,999 |
Two Phase Evaluation
| Account Size | Pricing |
|---|---|
| $10,000 | $75 |
| $15,000 | $99 |
| $25,000 | $175 |
| $50,000 | $325 |
| $100,000 | $475 |
| $200,000 | $999 |
| $400,000 | $1,999 |
Three Phase Evaluation
| Account Size | Pricing |
|---|---|
| $10,000 | $59 |
| $15,000 | $79 |
| $25,000 | $149 |
| $50,000 | $249 |
| $100,000 | $399 |
| $200,000 | $799 |
| $400,000 | $1,599 |
All about the Gainful Payout Structure
One of the most appealing aspects of prop trading with FXIFY is the gainful payout structure.
They offer three different challenge options to fit various trading styles and levels. Traders can choose from funding levels ranging from $10,000 up to $400,000. After successfully completing the challenge, the trader is given access to trade with capital up to $400,000 with a profit split of up to 90/10 in favor of the trader.
Withdrawing profits works as follows: Traders can request a payout through their trader dashboard. The first withdrawal can be requested on demand once the trader closes their first profitable trade. Subsequent withdrawals can then be requested every 30 days. However, traders can upgrade to bi-weekly payouts during the checkout stage if desired. Traders also have the flexibility to leave profits in the account to compound and scale up their account size if they prefer.
Upon requesting a withdrawal, the trader's account will be set to read-only until the withdrawal is approved. It's important to note that for 1-phase live accounts, the maximum drawdown will lock in at the starting account balance after receiving the first payout.
Partnering with the Best | MT4 and MT5
FXIFY understands the importance of providing traders with powerful and user-friendly trading platforms. As such, the firm offers access to industry-leading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), as well as proprietary platforms tailored to meet the specific needs of prop traders.
These platforms are equipped with advanced charting tools, real-time market data, and a wide range of technical indicators, enabling traders to conduct in-depth market analysis and execute trades with precision. Additionally, FXIFY's platforms are designed to be intuitive and user-friendly, ensuring a seamless trading experience for traders of all skill levels.
FXIFY’S Analytics and Performance Tracking
In the fast-paced world of prop trading, having access to advanced analytics and performance-tracking tools is crucial for making informed decisions and optimizing trading strategies. FXIFY's trading dashboard is equipped with sophisticated analytics that empower traders to comprehensively evaluate their trading performance and statistics.
Traders can gain valuable insights into their risk management, trade execution, and overall profitability, enabling them to identify areas for improvement and refine their approaches. This data-driven approach to trading not only enhances transparency but also fosters a culture of continuous learning and growth within the FXIFY community.
FAQs Related to FXIFY
What instruments can be traded?
Traders have access to over 300 instruments across various asset classes like forex, stocks, metals, and indices.
What leverage is available?
Standard accounts offer 30:1 leverage, with the option to upgrade to 50:1 leverage.
Are there any trading restrictions?
FXIFY has a 4-minute break window around major news events where trading is not allowed.
How is trader performance tracked?
FXIFY provides a cutting-edge trading dashboard with advanced analytics to evaluate trading performance and statistics.
Are there any educational resources?
Yes, FXIFY offers educational materials, webinars, and one-on-one mentorship opportunities to support traders.
How secure are payouts?
FXIFY is a FinCEN-registered Money Services Business, that ensures compliance and security in handling trader funds.
What payment methods are accepted?
FXIFY supports over 90 local currencies and more than 100 cryptocurrencies for payouts, providing flexibility to traders worldwide.
Final Note
With FXIFY’s solidly built platform, traders can take their trading career to unprecedented heights. Traders, who are willing to achieve this, may sign up through FXIFY’s website and experience the sweet taste of money for themselves.
