Pricing Options
Beginner Plans:
- $10,000: $85 (One-Time Fee)
- $15,000: $115 (One-Time Fee)
Popular Choices:
- $25,000: $199 (One-Time Fee)
- $50,000: $375 (One-Time Fee)
Expert Plans:
- $100,000: $499 (One-Time Fee)
- $200,000: $999 (One-Time Fee)
- $400,000: $1999 (One-Time Fee)
Trading Platforms Available
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
Evaluation Methods
- Single-Phase Evaluation
- Two-Phase Evaluation
Customer Support Channels
- Live Chat
- Email Support
- Telephone Assistance
Pros
- Potential to scale up to $4 million
- Swift withdrawal process
- High leverage options
- Permits news trading and weekend positions
- Diverse range of tradable assets
- Advanced trading interface
- Flexible trading rules
Cons
- New in the market
- Limited user feedback
Comprehensive Overview of FXIFY
If you’re a motivated trader searching for a prop trading firm to advance your career, making an informed decision among numerous options is crucial. This review evaluates FXIFY, a prop firm offering funding programs for forex, crypto, equities, and commodities traders. We will explore their funding programs, fee structures, tradable assets, and trading rules to help you decide if FXIFY aligns with your trading aspirations.
Introduction to FXIFY
FXIFY is a cutting-edge prop trading firm providing traders with up to $4,000,000 in capital. They focus on delivering an exceptional trading experience with real-time analytics and metrics to enhance trading skills. FXIFY distinguishes itself by allowing traders to tailor their accounts to fit their unique strategies, whether they prefer aggressive trading or a more flexible approach.
The firm was established by experienced traders David Bhidey, Peter Brown, and Robert Winters, who bring over 30 years of combined experience in retail and institutional trading to FXIFY. Their deep expertise and passion for trading drive the firm’s mission.
FXIFY recognizes the challenges of trading and offers a supportive, transparent environment. They provide two evaluation programs designed for different skill levels and risk tolerances, fostering a community that helps traders navigate financial markets and achieve success.
FXIFY Features & Platform
Tradable Instruments
Partnering with FXPIG, a reputable broker since 2010, FXIFY offers over 300 trading instruments, including:
- Forex: More than 40 currency pairs
- Cryptocurrencies: Bitcoin, Ethereum, Litecoin, and others
- Indices: Major global indices
- Commodities: Gold, platinum, palladium, and silver through CFDs and ETFs
Scaling Strategy
FXIFY has a straightforward scaling strategy, allowing traders to grow their account balance up to $4,000,000. Achieving a 10% profit results in an automatic 50% increase in funding, promoting consistent growth.
Payment Options
FXIFY supports multiple payment methods, including:
- Major credit and debit cards (Visa, MasterCard)
- Bank transfers
- PayPal
- Cryptocurrencies like USDT Payments are processed securely and transparently, ensuring quick and easy funding.
Withdrawal Process
The Withdrawal On Demand feature allows traders to request withdrawals within 24 hours of their first trade on a live account. Withdrawals can be requested bi-weekly, with profits sent via standard bank wire transfer or cryptocurrency. FXIFY is also introducing pre-paid cards for faster access to earnings.
Trading Guidelines
FXIFY offers some of the most relaxed trading guidelines in the industry:
- Use of Expert Advisors (EAs) allowed
- Weekend holding permitted
- No consistency rules
- No mandatory stop-loss orders
Evaluation Programs
FXIFY offers two evaluation programs:
- Single-Phase Evaluation: One assessment phase with a 10% profit target and a 30-day timeline (optional time limit removal).
- Two-Phase Evaluation: A two-step process with a 10% profit target for the first phase and 5% for the second, with a maximum of 60 trading days.
Getting Started
- Choose your funded trader plan from the Pricing Plan page.
- Apply and schedule a phone interview to discuss your trading experience.
- Upon approval, pay the required fee.
- Begin trading on a live account immediately.
Final Thoughts
FXIFY stands out as an innovative and flexible prop trading firm with customizable funding programs, relaxed trading rules, and a wide array of tradable assets. With an experienced founding team and a commitment to continuous improvement, FXIFY is poised to become a leading prop firm. For traders seeking a supportive and transparent environment to achieve their trading goals, FXIFY is an excellent choice.
FXIFY Review Overall
FXIFY stands out as a highly promising prop trading firm with flexible funding programs, advanced trading platforms, and a diverse range of tradable assets. Despite being new to the market, its innovative approach and experienced founding team make it a strong contender for traders seeking substantial funding and a supportive trading environment. While customer support could be more robust, the overall benefits make FXIFY a compelling choice for serious traders.
Pros
- Offers up to $4 million in trading capital.
- Permits the use of EAs, weekend holding, and does not require mandatory stop-loss orders.
- Provides a wide range of over 300 instruments, including forex, cryptocurrencies, indices, and commodities.
Cons
- Being a newer prop firm, it has limited user feedback and reviews.
- While support is available via chat, email, and call, the service quality can vary.
-
Funding Program Flexibility:
-
Trading Rules:
-
Customer Support:
