FXIFY™ Solutions LTD is a newly established prop trading firm that sets itself apart with fast payouts, unmatched trading conditions, and an industry-leading dashboard.
Offering customizable account options, traders can engage with over 300 symbols, including stocks, crypto, and more.
Backed by the renowned broker FXPIG™, FXIFY provides access to trading platforms like MetaTrader 4, MetaTrader 5, and DXtrade.
The firm supports various trading strategies, including the use of EAs and holding trades over the weekend.
Notable features include a one-phase program, instant credentials for both phases, bi-weekly payouts, no consistency rules, and up to a 90% performance split.
Create an account with FXIFY today and start your trading journey!
About FXIFY
Official Company Name
FXIFY™ Solutions LTD
Company Address
Unit 1, 74 Back Church Lane, London, E1 1LX, UK
Year of Establishment
April 2023
Place of Company Registration
United Kingdom
Company Owners
Peter Brown and David Bhidey
Trading Platforms and Instruments
Trading Platforms Offered
FXIFY provides access to three advanced trading platforms: MetaTrader 4, MetaTrader 5, and DXtrade. These platforms are well-regarded for their robust features, user-friendly interfaces, and extensive toolsets, catering to both novice and experienced traders.
Trading Instruments Available
Traders with FXIFY can access over 300 trading instruments, including:
- Forex
- Metals
- Indices
- Stocks
- Crypto
This extensive range allows for diverse trading strategies and opportunities, accommodating the preferences of various traders.
Payment Methods
Payment Methods Available
FXIFY supports over 15 payout options, ensuring flexibility and convenience for traders worldwide. This variety of methods enhances the ease of financial transactions, making the trading experience smoother.
Account Sizes and Profit Split
Range of Account Sizes Offered
FXIFY offers a range of account sizes to suit different trading needs:
- $10,000
- $15,000
- $25,000
- $50,000
- $100,000
- $200,000
- $400,000
Profit Split Structure
Traders can benefit from a highly competitive profit split structure, with up to a 90% performance split. This lucrative arrangement incentivizes traders to achieve high performance and maximize their earnings.
Evaluation Process
Profit Targets for Each Challenge Phase
The profit target for each challenge phase is set at 10%, maintaining a consistent and achievable goal for traders during their evaluation.
Maximum Daily and Total Loss Limits
To ensure risk management and discipline, FXIFY enforces the following loss limits:
- Daily loss limit: 5%
- Max trailing drawdown: 6%
Minimum and Maximum Trading Day Requirements
Traders must adhere to a minimum trading period of 5 days, with no maximum trading day limit, providing ample time to meet the evaluation criteria.
Overview of Challenges and General Rules
Challenge Overview
FXIFY's unique one-phase program requires traders to complete a single evaluation phase with strict money management rules.
This approach accelerates access to funded accounts, allowing traders to quickly move towards managing larger capital. Additionally, tailored programs are available to meet specific trading needs.
Challenge Steps
- Choose the Account Size: Select and customize the account size during checkout.
- Trade the Assessment: Complete the one or two-phase assessment.
- Get Funded: Receive up to $400,000 in starting capital after passing the assessment.
Pricing/Costs to Start Challenges
FXIFY's challenge fees are structured as follows:
- $10,000 - $75 fee
- $15,000 - $99 fee
- $25,000 - $175 fee
- $50,000 - $325 fee
- $100,000 - $475 fee
- $200,000 - $999 fee
- $400,000 - $1999 fee
These fees are a one-time cost, refundable upon successful funding.
Refundable Fees
The one-time fee for the challenge is 100% refundable upon successful funding, providing a risk-free investment for traders who meet the evaluation criteria.
Fees and Commissions
FXIFY offers two types of fee structures:
- All-In: Commission-free trading for FX, metals, crypto, indices, except for stock CFDs (0.35% RT).
- RAW: Commissions apply to FX, metals, crypto, indices.
This flexibility allows traders to choose the fee structure that best fits their trading style and strategy.
Free Trial
FXIFY does not mention a free trial option, focusing instead on their comprehensive and refundable one-phase evaluation program.
Payout Frequency
FXIFY offers bi-weekly payouts, ensuring traders have regular access to their earnings. This frequent payout schedule enhances financial liquidity and allows for timely reinvestment of profits.
Leverage
FXIFY provides competitive leverage options across different instruments:
- FX & Gold: 30:1 (with an option to increase to 50:1 at checkout)
- Indices: 10:1
- Stocks: 2:1
- Crypto: 2:1
These leverage options cater to various trading strategies and risk preferences, offering flexibility for traders.
Consistency Rule
FXIFY does not impose consistency rules, allowing traders to utilize their preferred trading strategies without additional restrictions. This flexibility supports diverse trading approaches and innovation.
Commission per lot:
Not specifically mentioned for lots, but commissions apply to certain instruments in the RAW feed.
Customer support options and details:
Email support at support@fxify.com
Trustpilot Feedback
Positive
- Real Live Funded Accounts: Offers real live funded accounts, ensuring that profits are 100% real and not from demo accounts.
- Regulatory Compliance: Operates under regulatory oversight, ensuring compliance with industry standards and regulations.
- Fast Payouts: Payouts are processed quickly, often on the same day, with funds received within a few business days.
- Excellent Customer Support: Responsive and helpful support available through various channels, including Discord.
- Good Trading Conditions: Low spreads, favorable trading conditions, and a straightforward process for account evaluations and phase transitions.
Negative
- Inconsistent Promotions: Loyalty promotions can be inconsistent, leading to dissatisfaction among long-term users.
- Hidden Fees: Some users report undisclosed fees, such as $3 per lot entry and $20 for next-day holding of trades.
- Delayed Account Resets: Issues with timely resetting of accounts after payouts, leading to trading disruptions.
- Slow Customer Support Response: Delays in customer support responses and resolution of issues, causing frustration.
- Unclear Rules and Bans: Reports of accounts being banned without clear explanations, and denied payouts for alleged prohibited trading practices without detailed reasons.
Frequently asked questions:
- Spreads: Read-only accounts available to check symbols and spreads.
- Platform change: Allowed if no trades placed; otherwise, change possible upon account upgrade.
- Platforms available: MetaTrader 4, MetaTrader 5, DXtrade.
- Commission: All-In feed is commission-free for FX, metals, crypto, indices; RAW feed has commissions.
- Fee purpose: Covers services, MetaTrader and broker services, refundable upon first performance split.