- Low Entry Barrier: Traders can start with a low initial deposit, making it accessible to many (starting as low as $99 for a $15,000 account
- Diverse Trading Instruments: FXIFY offers access to over 300 trading instruments, including forex, stocks, indices, cryptocurrencies, and metals
- Flexible Trading Conditions: FXIFY allows the use of Expert Advisors (EAs), grid trading, and Martingale strategies, offering traders a high degree of flexibility
- No Fees on Withdrawals: FXIFY does not charge withdrawal fees, and the challenge fee is refundable with a 25% bonus upon successful completion
- Default Profit Split: The default profit split starts at 75%, requiring an upgrade for higher percentages
- Newer Firm: FXIFY was established in 2023 and lacks the long-term reputation and trust that older prop firms may offer
In the kaleidoscopic financial landscape, prop trading firms emerge as gateways for traders aspiring to venture into diverse markets without the encumbrance of substantial capital. FXIFY, a burgeoning prop trading firm, beckons traders with a promise of hefty capital infusion, thereby unlocking a treasure trove of trading opportunities. This meticulous examination unfolds the tapestry of offerings by FXIFY, its distinctive edges over contemporaries, funded account provisions, assessment blueprint, and the caliber of customer interaction, furnishing an enlightening narrative for traders on the threshold of their prop trading journey.
Who Are FXIFY?
FXIFY is a prop trading firm that wants to resourceful traders with investor-like capital needed for them to make head way into forex. Founded through the collective brains of David Bhidey, Peter Brown and Robert Winters it was developed as a conductive platform for traders. FXIFY extends account options that range from $15k to a whopping $400k, with a scalable horizon that reaches up to $4 million in capital. It’s not just forex that’s on the table; traders can also delve into stocks, metals, and indices, thus presenting a multi-faceted trading arena.
What Are The Options For Funded Accounts?
FXIFY’s funded account spectrum is as broad as it’s enticing, with capital ranges from $15k to $400k and a scaling zenith of $4 million. The firm provides the revered MetaTrader 4 and MetaTrader 5 platforms, ensuring a seamless trading interface. Specific to proficient traders following a risk-managed and consistent trading profile, FXIFY finds the SwissScaling plan suitable in adding scale of volume to increase balance punch for max earnings.
The ability to draw from the treasure trove of funded accounts means you have to make it through an evaluation process where only traders with a solid trading plan can sift their way out. The trading journey is broken into One-Phase and Two-Phases challenges, each with their own profit targets, yet converging towards the golden fleece of live funded accounts.
The discerning distinction between the two pathways lies in the drawdown paradigm, with Two-Phase being more lenient, albeit with a lengthier assessment span. The static drawdown in Two-Phase stands in contrast to the trailing drawdown in One-Phase, offering a cushion for traders in meeting profit objectives.
Upon passing the assessment, traders are granted access to live trading with FXIFY’s proprietary funds. The transition is sweetened by the robust dashboard, offering a lens into the trader’s performance metrics. The assessment fee, a precursor to the funding voyage, is orchestrated in harmony with the desired capital access, ensuring a rational entry barrier.
What Sets FXIFY Apart from Other Proprietary Trading Firms?
In an industry packed with competitors seeking traders’ focus, FXIFY stands out through its persuasive 90% profit split that it offers to it’s traders. The company resonates with modern trading dynamics by providing unlimited trading days, prompt payouts on request, and a refreshing lack of restrictions. The positives don’t end there; traders can optimize strategies using Expert Advisors while also having the ability to receive a 125% refund once they pass the funded challenge. To heighten the trading experience, FXIFY has joined forces with FXPIG, a seasoned broker since 2010 known for its robust and intuitive trader dashboard.
FXIFY launches its journey in the prop trading realm with a goal to provide traders with a platform to make the most out of the financial markets. By offering proprietary capital up to $400,000, it unveils paths for traders to navigate through the turbulent waters of foreign exchange, stocks, precious metals, and Cryptocurrency CFDs, among others.
FXIFY shines in its diversity of trader-friendly provisions that propel it a notch above its counterparts. Some notable qualities include:
- Swift Revenue Circulation: Breaking from the trend of prolonged payout periods prevalent in most prop businesses, FXIFY cracks the mold by initiating payouts after the first lucrative trade, wheeras the usual waiting time is 2-4 weeks.
- Peerless Trading Atmosphere and Execution: By aligning with FXPIG, a seasoned FX and CFD broker, FXIFY heightens the trading ambiance, offering premier trade execution coupled with adept customer interaction.
- Analytical Trading Dashboard: The dashboard, full of real-time metrics and analytics, becomes a trader’s cockpit, offering a granular view of trading activities.
- A Cornucopia of Tradable Assets: With over 300 negotiable instruments, FXIFY unfurls a broad trading canvas, allowing a multifaceted trading strategy implementation.
- Complimentary Trading Aids: The alliance with FXPIG unveils access to a suite of Trading Central’s tools, augmenting a trader’s analytical capabilities.
- Lucrative Profit Sharing: Enabling traders to obtain up to 90% of the profits, FXIFY presents a lucrative profit-sharing paradigm.
Is Getting Funded On FXIFY Realistic?
The route to securing backing on FXIFY navigates through an evaluation process customized to filter out disciplined and consistently profitable traders. Candidates can opt for either a one-phase or two-phase program, with the goal of achieving a minimum return of 10% within the designated 30-day timeframe, while maintaining the maximum drawdown below 6%. Successfully traversing this evaluation gauntlet unlocks allocated trading capital while also underscoring the practical potential for skilled and disciplined traders to thrive.
FXIFY carves out a niche with its expedited payment protocol, ensuring the rewards from trading labor are promptly distributed, thereby fostering an amenable trading environment. The firm’s pursuit of improving the user experience is evident in its swift and adept customer support, sophisticated trading interface, and a seamless withdrawal process, helping reduce friction often encountered throughout the trading journey.
FXIFY Customer Support and Help
Contact FXIFY
Email: support@fxify.com
Social Media Profiles
- Instagram profile with 49K followers
- Facebook profile has 32K followers
- X/Twitter profile has 22.3K followers
- Tiktok profile has 1.3k followers and 1900 likes
- Discord group with 32.5K members
FXIFY Trust Pilot Reviews
FXIFY has received great customer feedback from its traders on Trust Pilot. With an overall score of 4.3 out of 5 from 2,313 reviews.
Conclusion
In the stormy waters of financial markets FXIFY acts as a beacon to traders of all levels, providing access to capital to trade with and advanced trading tools in a supportive trading environment. FXIFY delivers an evaluation process like none other that provides a clear path to getting funded. They have a selection of over 300 trading instruments that includes forex, stocks, indices, and cryptocurrencies is a boon for traders with various trading styles & strategies.
In the stormy waters of financial markets FXIFY acts as a beacon to traders of all levels, providing access to capital to trade with and advanced trading tools in a supportive trading environment. FXIFY delivers an evaluation process like none other that provides a clear path to getting funded. They have a selection of over 300 trading instruments that includes forex, stocks, indices, and cryptocurrencies is a boon for traders with various trading styles & strategies.
While the journey to a funded account requires discipline and adherence to FXIFY’s rigorous risk management rules—such as a 5% daily loss limit and a 6% trailing drawdown—the potential rewards are substantial. The firm offers high profit splits of up to 90%, fast payouts, and a refund of the evaluation fee upon successful completion, making the investment worthwhile for traders with the skills and perseverance to succeed.
It is important to note that the journey to becoming funded on FXIFY requires discipline and you have to follow strict risk management rules (5% daily loss limit & 6% trailing drawdown). However, it’s all worth it to be able to get the substantial potential rewards. In exchange, the firm provides large profit splits up to 90%, quick payouts, and will even refund your evaluation fee back once you’re funded. Making it a good investment for traders who have demonstrated they can pass the challenge.
Moreover, FXIFY stands out for its flexibility, traders can implement any strategy from grid trading to Martingale variations and keep positions open over the weekend – features that are often restricted by other prop firms. By keeping the firm centered around traders and its dedication to being a transparent, customer-support oriented entity, FXIFY becomes an appealing prop firms to choose.
For those traders who are seeking an adventure to start prop trading, the broker is more than just a door you walk through. Instead, it can be your guide helping you navigate financial markets efficiently. It’s a mix of tough trading conditions and flexible profit-sharing model makes it an option worth considering for established traders too.
