FXIFY is a UK-based prop firm. They claim to have paid out over $30 million to funded traders, which puts them in the conversation with some of the bigger names out there.
But does this rapid growth really mean prop traders can reliably access serious capital? That’s the question on a lot of minds.
This FXIFY review digs into every corner of the firm’s operations. We’ll look at their three-tier evaluation system and their partnership with FXPIG broker.
Trading conditions, cost structure, regulatory standing, we’ll break it all down. Hopefully, this helps you decide if FXIFY belongs on your shortlist of prop firms.
FXIFY Overview and Quick Facts
FXIFY is a proprietary trading firm that started in 2023. They’re based in the United Kingdom.
The company gives retail and professional traders a shot at big trading capital, but only after you pass their evaluation process. If you make it, you can keep up to 90% of the profits as a funded trader.
Here are the essential facts about FXIFY:
| Metric | Details |
|---|---|
| Founded | 2023 |
| Headquarters | United Kingdom |
| Trader Payouts | $30+ million (company-stated) |
| Trustpilot Rating | 4.1/5 (2,500+ reviews) |
| Account Sizes | $5,000 – $400,000 |
| Maximum Scaling | Up to $4 million |
| Profit Split | Up to 90% |
| Broker Partnership | FXPIG |
| Platforms | MT4, MT5, DXTrade |
The firm stands out because it partners with FXPIG, a regulated broker. FXPIG handles the infrastructure for all FXIFY accounts.
Traders get access to raw spread pricing that starts at 0.0 pips. STP execution comes standard, so there’s no dealing desk getting in the way.
FXIFY has a business model that tries to tackle a big issue in the financial markets. Plenty of skilled traders just don’t have enough capital to really make the most of their abilities.
The firm steps in by offering funded accounts that start at $5,000 and go up to $400,000. If you’re doing well, you might even scale up to $4 million, all while keeping a profit-sharing setup that actually feels fair.
FXIFY Trading Programs and Evaluation Process
FXIFY offers three distinct evaluation pathways. Each one caters to different trader preferences and risk tolerances.
Most prop firms stick to a strict two-phase structure, but FXIFY shakes things up. You can pick from one-phase, two-phase, or three-phase programs.
The evaluation process isn’t just about hitting profit targets. It also shows whether a trader can manage risk, stick to rules, and stay disciplined in simulated live market conditions.
Each program comes with its own profit targets and costs. Traders get to pick what fits their style and experience best.
All FXIFY evaluation accounts include customizable features. You’ll find optional add-ons for more leverage, higher profit splits, and extra risk management tools.
The firm doesn’t set time limits on evaluations. That means traders can take their time and work toward their goals without unnecessary pressure.
One-Phase Evaluation
The one-phase program offers the quickest route to funding. Traders need to hit a single 10% profit target, all while sticking to strict risk rules.
It’s a pretty streamlined setup. Confident traders with solid strategies might find this appealing, especially if they want to skip long evaluation periods and jump right into live capital.
Key features of the one-phase evaluation include:
- Profit Target: 10% of initial account balance
- Daily Drawdown: Maximum 5% loss per day
- Overall Drawdown: Maximum 10% from initial balance
- Entry Cost: Higher than multi-phase alternatives
- Funding Speed: Immediate upon passing evaluation
This program feels tailored for experienced prop traders who can show consistent discipline, even while chasing higher profit goals. The higher entry fee? Well, that’s the tradeoff for skipping the usual drawn-out evaluations and getting to funded trading faster.
Two-Phase Evaluation
FXIFY’s two-phase program sticks to industry standards. Traders must complete two separate phases before they get funding.
The first phase calls for 8% profit growth. Then comes the second phase, which asks for 5% more, putting both profit-making skills and consistency to the test over a longer haul.
The two-phase structure offers several advantages:
- Phase 1 Target: 8% profit objective
- Phase 2 Target: 5% profit objective
- Risk Management: 5% daily drawdown, 10% overall drawdown
- Cost Efficiency: Balanced entry fees and evaluation rigor
- Skill Assessment: Tests multiple aspects of trading performance
This approach lands somewhere between quick funding and a deep-dive evaluation. It’s honestly a solid pick for traders who want to keep costs in check but still show what they can do.
Three-Phase Evaluation
The three-phase program is probably the cheapest way into FXIFY’s funded trader network. Each phase comes with a lower 5% profit target.
With more time to prove themselves, traders can really build a solid track record here. And hey, the lower upfront costs don’t hurt either.
Three-phase program characteristics include:
- All Phases: 5% profit target per phase
- Extended Timeline: No time pressure for completion
- Lowest Entry Cost: Most affordable evaluation option
- Comprehensive Testing: Thorough assessment of trading capabilities
- Gradual Progression: Step-by-step advancement through phases
This program draws in traders who care about affordability and want to show their skills through steady performance over time, not just by chasing big profits.
Trading Platforms and Technology
FXIFY gives traders access to popular trading platforms that fit a range of trading styles and technical needs. Thanks to their partnership with FXPIG, the firm runs on a solid tech backbone, so execution stays reliable and trading conditions remain competitive for every account type.
MetaTrader 4 and MetaTrader 5 are the go-to platforms for international traders. They come packed with charting tools, options for automated trading, and a lot of ways to customize your setup. If you use automated strategies, these platforms support algorithmic trading through Expert Advisors (EAs). That’s a big plus for anyone who likes to let their code do the work.
If you’re looking for something a bit more modern, DXTrade stands out. It’s built for today’s trading needs, with advanced order management and real-time market data.
The interface feels intuitive, and it’s honestly a breath of fresh air if you want a platform that just makes sense. Traders who want more functionality without the clutter often find themselves gravitating toward DXTrade.
The underlying infrastructure delivers several technical advantages:
- Raw Spread Execution: Spreads starting from 0.0 pips on major currency pairs
- STP Processing: Direct market access without dealing desk intervention
- Fast Execution: Minimal latency for order processing and fills
- Deep Liquidity: Access to institutional liquidity providers
- Instrument Coverage: 300+ tradeable instruments across multiple asset classes
FXPIG’s regulated brokerage infrastructure keeps all funded accounts operating within established regulatory frameworks. This setup gives traders extra security and transparency for their funds and activities.
Trading Conditions and Rules
FXIFY keeps its trading rules pretty flexible compared to a lot of other prop firms out there. Traders can use a wide range of strategies without running into too many restrictions.
The firm seems to get that successful prop traders use all sorts of methods, whether it’s news trading or algorithmic systems. That kind of openness is a breath of fresh air in an industry that can sometimes feel a bit boxed in
Leverage and Risk Parameters
All FXIFY accounts come with 1:50 leverage. That gives traders a decent amount of exposure but keeps risk in check.
This leverage ratio tries to balance capital efficiency and risk management. You can chase meaningful returns without feeling like you’re dangling off a cliff.
Drawdown limits represent the most critical risk management component:
- Daily Drawdown: 3-5% maximum daily loss (varies by program)
- Overall Drawdown: 5-10% maximum total loss from peak balance
- Trailing Drawdown: Applies once accounts reach specific profit thresholds
Permitted Trading Strategies
FXIFY stands out for its open attitude toward trading styles. While other prop firms might clamp down on certain strategies, FXIFY lets you use:
- Algorithmic Trading: Full EA and automated system support
- News Trading: No restrictions around economic announcements
- Grid and Martingale: Advanced strategies permitted with proper risk management
- Copy Trading: Following signal providers and other traders
- Weekend Holding: Positions can be maintained over weekends
Trading Rules and Restrictions
While FXIFY maintains flexible policies, several rules ensure consistent risk management:
- No minimum trading days requirement for payout eligibility
- No mandatory stop-loss requirements at trade entry
- Maximum position sizing limits based on account balance
- Prohibited gambling or purely speculative behaviors
- Compliance with standard market abuse regulations
The absence of minimum trading days stands out as a real advantage here. Funded traders can actually request their first payout as soon as they hit a profitable trading day, as long as they reach the $50 minimum threshold.
Costs and Pricing Structure
FXIFY’s pricing model lines up with industry standards, but they do offer some pretty competitive entry points in all three of their evaluation programs. The fee structure scales with the account size you want, and you can tack on optional add-ons for extra features or protections if that’s your thing.
Base Evaluation Fees
Evaluation costs vary significantly based on chosen program type and target account size:
| Account Size | One-Phase | Two-Phase | Three-Phase |
|---|---|---|---|
| $5,000 | $89 | $59 | $39 |
| $10,000 | $189 | $119 | $79 |
| $25,000 | $349 | $229 | $149 |
| $50,000 | $599 | $389 | $259 |
| $100,000 | $999 | $649 | $429 |
| $200,000 | $1,599 | $1,049 | $699 |
| $400,000 | $2,999 | $1,999 | $1,299 |
Add-On Options
FXIFY offers several enhancement options for traders seeking additional features or protections:
- Increased Leverage: Higher leverage ratios for experienced traders
- Enhanced Profit Split: Upgrades to profit-sharing arrangements
- Risk Protection: Additional drawdown protection or recovery options
- Faster Processing: Priority evaluation and funding processing
- Multiple Attempts: Additional retake opportunities for failed evaluations
Hidden Fees Analysis
Unlike some competitors, FXIFY maintains transparent pricing without significant hidden fees. The primary costs include:
- One-time evaluation fee (no recurring charges)
- Optional add-on purchases
- Standard withdrawal processing fees (varies by method)
- Potential inactivity fees for dormant funded accounts
The absence of monthly subscription fees or platform charges makes FXIFY pretty competitive for traders who worry about ongoing costs eating into their profits.
FXIFY Pros and Cons
Every prop trading firm brings its own mix of strengths and drawbacks. FXIFY’s recent entry to the market gives traders something to think about, there’s impressive early growth, but not much of a long-term track record yet.
Advantages
High Profit Splits and Competitive Payouts
FXIFY offers a maximum 90% profit split, which honestly stands out in the prop trading world. Funded traders get to keep most of what they earn.
The bi-weekly payout schedule means you won’t have to wait forever to access your money. Some competitors really drag their feet, but that’s not the case here.
Flexible Trading Environment
The firm actually lets traders use a wide range of strategies. You’re free to try algorithmic trading, news trading, or even more advanced stuff like martingale systems.
This kind of flexibility isn’t something you’ll find everywhere. It’s refreshing to see a prop firm that doesn’t box you in.
Multiple Evaluation Pathways
FXIFY has three different programs, so traders can pick the path that fits their risk appetite, budget, or experience. Whether you want lower profit targets or more time to prove yourself, there’s probably an option for you.
No Time Restrictions
There are no minimum trading days for payouts. You also won’t find time limits on evaluations here.
That means you can focus on making solid trades, instead of rushing to meet some arbitrary deadline.
Competitive Technology Infrastructure
FXIFY partners with FXPIG to give traders institutional-quality execution. You get raw spreads from 0.0 pips and steady platform performance. They support MT4, MT5, and DXTrade, so you’ve got options.
Scaling Opportunities
You can scale your account up to $4 million if you’re successful. That’s a pretty big deal, considering most firms cap you way lower.
Disadvantages
Limited Operational History
FXIFY started up in 2023, so it doesn’t have much of a track record yet. That short history makes it tough to feel certain about its long-term stability or how reliably it pays out. Early growth numbers look solid. Still, new firms like this always come with more operational risk.
Strict Drawdown Enforcement
FXIFY lets traders use flexible strategies, but it enforces strict drawdown limits. If you hit a daily drawdown of 3-5%, your account can disappear fast.
That doesn’t leave much wiggle room, especially when markets get wild. It can feel a bit unforgiving.
Mixed Customer Feedback
FXIFY holds a 4.1 out of 5 on Trustpilot, which isn’t bad. Some reviewers mention issues like account breaches or withdrawal disputes.
It’s tricky to tell if those are just unlucky cases or signs of something bigger, especially since the company is so new.
Limited Educational Resources
You won’t find much educational material or trading guidance here. FXIFY seems to expect traders to show up already skilled and ready.
That might turn away newer traders who want more support or learning tools.
Transparency Concerns
Some folks in the industry have pointed out that FXIFY doesn’t share much about its ownership or capital backing. Details on how they actually run things are a bit thin.
Honestly, if they opened up a bit more, traders might feel more comfortable.
| Aspect | Advantages | Disadvantages |
|---|---|---|
| Profit Sharing | Up to 90% split, bi weekly payouts | Strict drawdown enforcement |
| Trading Freedom | Minimal strategy restrictions | Limited educational support |
| Account Options | Multiple evaluation pathways | Higher profit targets than some competitors |
| Technology | Quality platforms, raw spreads | Limited transparency about execution |
| Company | Rapid growth, scaling to $4M | Short operational history |
Regulation and Legitimacy
Understanding FXIFY’s regulatory status means you’ve got to separate the prop firm itself from the brokerage infrastructure that actually executes trades and holds your funds. This distinction really matters if you’re weighing the security and legitimacy of working with them.
FXIFY Regulatory Status
FXIFY runs as an unregulated proprietary trading firm. That’s pretty standard in the industry. Most prop firms act more like educational or challenge providers, not as regulated financial institutions, since they’re offering simulated trading environments instead of direct investment services.
The company’s registered in the UK as a limited company. That gives you basic corporate transparency and legal compliance under British law. Still, this registration isn’t the same as full financial services regulation, like FCA authorization for investment firms.
FXPIG Partnership and Regulated Infrastructure
FXIFY funds all accounts through FXPIG, a regulated brokerage. FXPIG handles the actual trading infrastructure, gives you market access, and keeps custody of the funds. This setup brings a few notable security advantages:
- Regulatory Oversight: FXPIG operates under established regulatory frameworks
- Fund Segregation: Client funds separated from company operational capital
- Market Access: Direct institutional liquidity and execution quality
- Compliance: Standard AML/KYC procedures and regulatory reporting
Legitimacy Assessment
Several factors support FXIFY’s legitimacy claims:
- Trustpilot Rating: 4.1/5 from over 2,500 reviews indicates substantial user base
- Payout Claims: $30+ million in trader payouts suggests operational scale
- Professional Infrastructure: Partnership with established regulated broker
- Transparent Pricing: Clear fee structures without hidden charges
However, traders should consider inherent risks:
- Limited History: Short operational track record limits long-term assessment
- Unregulated Structure: No regulatory protection for evaluation fees or disputes
- Withdrawal Disputes: Some negative reviews cite payout complications
Due Diligence Recommendations
Prospective traders should conduct thorough research including:
- Review recent customer feedback and withdrawal experiences
- Understand evaluation rules and account termination conditions
- Start with smaller account sizes to test operational reliability
- Maintain realistic expectations about prop trading success rates
Payouts and Withdrawal Process
FXIFY’s payout system stands out as a real advantage. They let funded traders withdraw profits every two weeks and support several payment methods.
Payout Schedule and Timing
If you’re a funded trader, you can request a withdrawal twice a month. Some people even report getting their money the same day, depending on which payment method they choose.
Most competitors only allow monthly withdrawals or make you wait even longer. FXIFY claims they offer “the fastest payouts in the industry,” but processing times can still vary.
A few factors come into play, so it’s not always instant. Still, that flexibility is a breath of fresh air compared to the usual slow pace.
- Payment Method: Cryptocurrency withdrawals typically process faster than traditional banking
- Account Verification: Completed KYC procedures expedite processing
- Withdrawal Amount: Larger amounts may require additional verification steps
- Regional Factors: Local banking regulations affect transfer timing
Available Withdrawal Methods
FXIFY supports multiple withdrawal options to accommodate international traders:
- Rise (Digital Wallet): Fast processing with competitive exchange rates
- Bank Wire Transfers: Traditional banking for larger amounts
- Cryptocurrencies: Bitcoin and major altcoins for rapid settlement
- Regional Payment Processors: Localized options based on trader geography
Minimum Thresholds and Requirements
- Minimum Payout: $50 threshold for withdrawal requests
- Profit Requirement: Account must show net profit for withdrawal eligibility
- Verification: Completed AML/KYC documentation required
- Trading Activity: No minimum trading days requirement (major advantage)
Profit Split Progression
FXIFY offers competitive profit splits that can improve based on trader performance and tenure:
- Initial Split: Typically 80% for new funded traders
- Performance Scaling: Increases up to 90% based on consistent profitability
- Account Growth: Larger accounts may qualify for enhanced splits
- Loyalty Benefits: Long-term successful traders receive preferential terms
The absence of minimum trading days for a first payout gives FXIFY a solid edge. Some competitors make you wait 5-10 trading days before you can even think about withdrawing.
Customer Support and Resources
FXIFY’s support setup really seems geared toward folks who already know their way around trading. They focus on operational help and don’t put much energy into educational content. I guess they’re assuming prop traders already have the technical chops before signing up.
Support Availability and Channels
You can reach their team 24/5 during regular business hours. They’re available across several communication channels, so you’ve got options.
- Live Chat: Real-time assistance for urgent queries
- Email Support: Detailed responses for complex issues
- FAQ Section: Comprehensive database of common questions
- Community Forums: Peer-to-peer support and discussion
Support quality appears generally responsive based on user feedback, though some traders report delays during peak periods or complex account issues.
Available Resources
Unlike educational-focused prop firms, FXIFY provides minimal learning materials:
- Trading Rules Documentation: Detailed evaluation and funded account guidelines
- Platform Guides: Basic tutorials for MT4, MT5, and DXTrade
- FAQ Database: Answers to common operational questions
- Risk Management Guidelines: Basic drawdown and position sizing information
Resource Limitations
The lack of extensive educational resources might make FXIFY less attractive for traders who want to grow their skills while getting access to capital.
If you’re someone who needs a lot of learning support, you’ll probably find more value in prop firms that offer deep learning platforms or mentorship.
Community Features
FXIFY emphasizes community engagement through:
- Trader Networking: Forums for strategy discussion and experience sharing
- Performance Recognition: Highlighting successful funded trader achievements
- Market Analysis: Basic market updates and trading insights
- Social Media Presence: Regular updates on company developments and trader success stories
FXIFY vs Competitors
FXIFY sits in an interesting spot within the crowded prop trading world. It brings some fresh features, but there are definitely areas where it trails behind the big names.
Comparing these firms side by side can give traders a clearer sense of what matters most when picking a reputable prop firm.
| Feature | FXIFY | FTMO | The5%ers | MyForexFunds |
|---|---|---|---|---|
| Founded | 2023 | 2015 | 2016 | 2020 |
| Max Account Size | $400K ($4M scaled) | $400K ($2M scaled) | $4M | $300K ($2M scaled) |
| Profit Split | Up to 90% | Up to 90% | Up to 90% | Up to 95% |
| Evaluation Options | 1, 2, or 3-phase | 2-phase | 2-phase | 1 or 2-phase |
| Minimum Entry | $39 | $155 | $299 | $89 |
| Platform Options | MT4, MT5, DXTrade | MT4, MT5, cTrader | MT4, MT5 | MT4, MT5 |
| Payout Frequency | Bi weekly | Bi weekly | Monthly | Weekly |
| EA Trading | Allowed | Restricted | Allowed | Allowed |
| News Trading | Allowed | Restricted | Allowed | Limited |
Competitive Advantages
FXIFY’s key differentiators include:
- Strategy Flexibility: Fewer restrictions on algorithmic and news trading compared to FTMO
- Multiple Evaluation Paths: Three-phase option provides affordable entry point
- Rapid Market Entry: Quick establishment with substantial claimed payouts
- Scaling Potential: $4M maximum exceeds most competitors
- No Time Limits: Evaluation phases without artificial deadlines
Areas for Improvement
Compared to established competitors:
- Limited Track Record: Shorter operational history than FTMO or The5%ers
- Educational Resources: Minimal learning content versus comprehensive competitor programs
- Community Maturity: Smaller trader network compared to established firms
- Transparency: Less detailed company information than some competitors
Market Positioning
FXIFY positions itself as a flexible, trader-friendly alternative for experienced prop traders. The firm aims to offer minimal restrictions and competitive terms.
This setup seems especially attractive to algorithmic traders. Folks using strategies that conservative prop firms often restrict might find FXIFY more accommodating.
Who Should Consider FXIFY
FXIFY’s mix of features fits certain trader profiles better than others. It’s worth thinking about whether your needs and preferences really line up before you shell out for evaluation fees.
Ideal Candidate Profiles
Experienced Algorithmic Traders
FXIFY’s loose EA policy and flexible trading rules catch the eye of traders running automated strategies. You won’t find restrictions on grid trading, martingale systems, or high-frequency approaches here, something you just don’t see at most competitors.
News Trading Specialists
The firm openly allows news trading. That’s a big deal for traders who thrive on economic announcements and the wild swings that come with them.
Budget-Conscious Traders
Their three-phase evaluation program is the cheapest way in at FXIFY. It opens the door for folks with smaller budgets, yet still offers a path to scale up.
Risk-Tolerant Traders
If you’re okay with FXIFY’s tighter drawdown limits and the fact that they haven’t been around forever, the profit splits and flexible rules might outweigh the risks.
Traders Seeking Quick Funding
The one-phase program skips minimum trading days. For traders who want fast access to capital, that’s a pretty tempting shortcut.
Poor Fit Candidates
Beginning Traders
FXIFY doesn’t offer much in the way of educational resources. If you’re looking for hands-on learning or skill-building guidance, this platform probably isn’t the right fit.
Conservative Risk Managers
Some traders prefer firms with a long, established track record. FXIFY only started in 2023, and there are mixed opinions floating around about how they handle accounts.
Strategy-Restricted Traders
FXIFY supports a range of trading strategies. Still, if you rely on super high-risk tactics or need leverage higher than 1:50, you’ll probably find their rules a bit limiting.
Educational Seekers
If you want a platform loaded with educational tools, mentorship, or a strong focus on trader development, you might want to look elsewhere. FXIFY’s main priority is giving traders access to capital, not teaching the ropes.
Final Verdict and Recommendation
After digging into FXIFY’s operations, terms, and place in the market, I’d say the firm offers a pretty mixed bag. It might work well for certain traders, but you’ve really got to weigh the risks and know what you’re getting into.
Overall Assessment
FXIFY has shown some eye-catching early growth. Their features seem tailored for real needs in the prop trading world.
I like that they’re flexible about trading strategies. Plus, there are multiple ways to get evaluated and the profit splits are, honestly, quite competitive.
But here’s the thing: FXIFY only started in 2023. That short track record means there’s just not much history to lean on, especially compared to some old-school alternatives.
Sure, they look competent so far. Still, I’d hesitate to call their long-term stability or payout reliability a sure thing just yet.
Strengths Summary
- Competitive Terms: 90% profit splits and bi weekly payouts match industry leaders
- Trading Freedom: Minimal strategy restrictions accommodate diverse approaches
- Multiple Options: Three evaluation pathways serve different trader preferences
- Technology Quality: FXPIG partnership provides institutional-grade execution
- Scaling Potential: $4M maximum account size exceeds many competitors
Key Concerns
- Limited History: Short track record increases operational uncertainty
- Strict Risk Management: Tight drawdown limits provide minimal margin for error
- Mixed Feedback: Some negative reviews regarding account management and withdrawals
- Minimal Education: Limited resources for trader development and skill building
Recommendation Framework
Recommended For:
- Experienced traders with proven profitable strategies
- Algorithmic and news trading specialists seeking permissive environments
- Budget-conscious traders utilizing the three-phase program
- Traders prioritizing strategy flexibility over educational resources
Not Recommended For:
- Beginning or developing traders requiring educational support
- Extremely conservative traders preferring established firms only
- Traders seeking extensive learning resources and mentorship
- Those uncomfortable with newer firms’ inherent uncertainties
Risk Management Approach
Traders considering FXIFY should implement prudent risk management:
- Start with smaller account sizes to test operational reliability
- Thoroughly understand evaluation rules and account termination triggers
- Maintain realistic expectations about prop trading success rates
- Consider FXIFY as part of a diversified prop firm strategy rather than exclusive partnership
Future Outlook
FXIFY’s future probably hinges on how well they can keep quality steady as they scale up fast. If they handle customer disputes well and keep payouts reliable, that could help them build real trust.
Transparency matters too, but honestly, it’s tough to say how much early promise will actually translate to a lasting spot in the market.
The prop industry keeps changing at a wild pace. Competition is fierce and it’s forcing everyone to rethink their tech, terms, and trader support.
FXIFY seems pretty flexible and competitive, which could mean more growth ahead. Still, they’ll need to mature operationally if they want to stick around for the long haul.
Frequently Asked Questions
Is FXIFY regulated and safe to trade with?
FXIFY runs as an unregulated prop firm. That’s pretty standard in this industry.
All funded accounts actually go through FXPIG, which is a regulated broker. This adds another layer of security and keeps client funds separate.
So, while FXIFY itself isn’t under direct regulatory oversight, the trading infrastructure sits inside established regulatory frameworks.
What is the maximum profit split available at FXIFY?
FXIFY gives funded traders profit splits up to 90%. That’s definitely among the highest in the prop trading world.
Most people start at 80%. You can bump that up if you stick around and perform well.
How long does the evaluation process typically take?
There’s no time limit on FXIFY’s evaluation phases. You can move at your own pace, which is kind of refreshing.
Most traders wrap up single-phase evaluations in 2-4 weeks. Multi-phase programs can stretch out for months, depending on how often you trade and your progress.
What happens if I fail the evaluation?
If you fail the evaluation, your account gets terminated. FXIFY does let you try again for an extra fee.
Retake fees and conditions depend on your original program and how you failed. Some add-ons offer extra protection or let you reset, which can come in handy.
Can US traders join FXIFY programs?
Yes, US traders can join FXIFY. They even offer the DXTrade platform, which is tailored for US regulatory needs.
Payment methods and account features might differ depending on where you’re located and local rules.
What trading strategies are prohibited at FXIFY?
FXIFY doesn’t restrict many strategies, which is a breath of fresh air compared to some firms. They do ban pure gambling, market manipulation, and breaking standard financial rules.
You’re allowed to use algorithmic trading, news trading, grid, and martingale strategies, as long as you manage risk responsibly.