Introduction
FXIFY stands out for its customizable trading accounts, flexible trading conditions, and high-profit splits. Established in April 2023, it has quickly built a strong reputation among traders.
About FXIFY
FXIFY was founded in April 2023, with its headquarters in the United Kingdom. Despite being a new entrant in the market, it has rapidly gained recognition for its innovative approach to prop trading.
FXIFY aims to provide traders with flexible and customizable trading solutions, empowering them to achieve their financial goals. The firm is committed to offering high profit splits and a supportive trading environment.
FXIFY sets itself apart by offering both 1-phase and 2-phase evaluations, customizable account options, and the allowance of EA and news trading. Additionally, it provides high maximum balance limits and a variety of account sizes to cater to different trader needs.
Trading Rules, Pricing, and Capital
Trading Rules
- Profit Target:
- 1-phase evaluation: 10% in 30 days.
- 2-phase evaluation: 10% for the first phase and 5% for the second phase.
- Daily Drawdown: 5% daily.
- Overall Drawdown:
- 1-phase evaluation: 6% trailing drawdown.
- 2-phase evaluation: 10% static drawdown.
- Minimum Trading Days: 5 days.
- Maximum Trading Days:
- 1-phase evaluation: 30 days.
- 2-phase evaluation: 60 days (option to remove time limit).
- Consistency Rules: None.
- EA Trading: Allowed.
- Copy Trading: Upcoming feature with Social Copy Trading.
- News Trading: Allowed, but traders should be aware of higher volatility and lower liquidity.
- Lot Size Limits: No lot size limits, based on margin.
- Overnight/Weekend Holdings: Allowed.
Pricing Structure
- Starting Cost: From $175.
Capital Offerings and Funding Levels
- Maximum Balance: Up to $4,000,000.
- Profit Split: Up to 90%.
Account Types and Sizes
| Account Size | Evaluation Fee |
|---|---|
| $25,000 | $175 |
| $100,000 | $699 |
| $400,000 | $1,999 |
Leverage by Account Type
1-Phase Account:
- Forex: 1:30 (upgradable to 1:50 for forex and gold).
- Indices: 1:5.
- Commodities: 1:10.
- Metals: 1:10.
- Crypto: Not specified.
2-Phase Account:
- Same as 1-phase, but with standard leverage options.
Features of FXIFY
Trading Platforms Supported: FXIFY supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
Training and Support Programs: FXIFY offers comprehensive training and support programs designed to enhance traders’ skills and knowledge.
Additional Tools and Resources: The firm provides various tools and resources to assist traders in making informed decisions.
Customer Support Services: Known for excellent customer support, available to assist traders at any time.
Conclusion
FXIFY offers robust and flexible solutions for traders looking to scale their trading operations with significant capital backing. With high profit splits, customizable trading conditions, and a variety of account options, it’s an excellent choice for serious traders.
