Pricing
- For Beginners
- $10,000: $85 One Time Fee
- $15,000: $115 One Time Fee
- Recommended
- $25,000: $199 One Time Fee
- $50,000: $375 One Time Fee
- For Experts
- $100,000: $499 One Time Fee
- $200,000: $999 One Time Fee
- $400,000: $1999 One Time Fee
Platform
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
Type
- 1-Phase and 2-Phase Evaluation
Customer Service
- Chat, Email, Call
Pros
- Up to $4 million scaling
- Fast withdrawal process
- High leverage options
- Allows news trading and weekend holding
- Wide range of tradable assets
- Advanced trading dashboard
- Relaxed trading rules
Cons
- New prop firm
- Limited reviews
FXIFY Review
Are you an ambitious trader looking for a prop trading firm to take your career to the next level? With so many options available, it’s essential to carefully consider your choices before deciding. In this review, we’ll be taking a closer look at FXIFY, a prop firm that provides funding programs for traders in the forex, crypto, equities, and commodities markets. We’ll delve into the company’s funding program options, fees, tradable assets, and restrictions, so you can determine whether FXIFY is the ideal prop firm to help you achieve your trading goals.
About FXIFY
FXIFY is an innovative prop trading firm that allows traders to access up to $4,000,000 in trading capital. The platform aims to provide traders with the best possible trading experience, presenting real-time analytics and metrics to help them enhance their trading skills. What sets FXIFY apart from other firms is its ability to customize trading accounts to align with each trader’s individual strategies, whether they prefer an aggressive trading approach or a more flexible timeline to achieve their objectives.
This group of experienced traders, with a mix of retail and institutional broker backgrounds, has launched their platform with a bang. Boasting over 30 years of collective trading and brokerage experience, the founding team of David Bhidey, Peter Brown, and Robert Winters have traded with many famous prop firms. Now, they’re bringing their expertise and passion for trading to the world with FXIFY.
FXIFY understands the challenges of trading and recognizes the importance of a supportive and transparent environment for success. They offer two evaluation programs, the 1-phase and 2-phase evaluations, tailored to accommodate traders with varying skill levels and risk tolerance. Moreover, FXIFY provides a friendly community that assists traders in navigating the complexities of the financial markets and achieving their goals.
Traders can customize their accounts with FXIFY to match their individual trading styles and preferences. This includes selecting their initial starting capital and trading platform. Moreover, FXIFY provides flexible options, such as increasing leverage, extending the evaluation period, and receiving bi-weekly payouts. These can help traders optimize their accounts and reach their full earning potential.
FXIFY Platform & Features
Tradable Assets
FXIFY partners with FXPIG, a reputable broker since 2010, providing a wide range of over 300 trading instruments, including:
- Forex: Over 40 currency pairings
- Cryptocurrencies: Bitcoin, Ethereum, Litecoin, and more
- Indices: Major global indices
- Commodities: Gold, platinum, palladium, and silver through CFDs and ETFs
Scaling Plan
FXIFY has a straightforward scaling plan where traders can grow their account balance up to $4,000,000. Achieving a profit of 10% allows for an automatic 50% increase in funding, promoting continuous growth based on trading performance.
Payment Methods
FXIFY offers multiple payment methods, including:
- Major credit and debit cards (Visa, MasterCard)
- Bank transfers
- PayPal
- Cryptocurrencies like USDT
Payments are processed through a secure and transparent system, ensuring traders can fund their accounts easily and quickly.
Withdrawals
FXIFY offers a Withdrawal On Demand feature, allowing traders to request withdrawals as early as 24 hours after placing their first trade on a live account. Withdrawals can be requested every two weeks, with profits being sent via standard bank wire transfer or cryptocurrency. FXIFY is also introducing exclusive pre-paid cards for quicker and more convenient access to earnings.
Trading Rules
FXIFY’s trading rules are among the most relaxed in the industry:
- Use of Expert Advisors (EAs) is allowed
- Trades can be held over the weekend
- No consistency rules are imposed
- No mandatory stop-loss orders
Evaluation Process
FXIFY offers two evaluation programs:
- 1-Phase Evaluation: Single assessment phase with a 10% profit target and a 30-day timeline (optional removal of time limit).
- 2-Phase Evaluation: Two-step process with a 10% profit target for the first phase and 5% for the second phase, with a maximum of 60 trading days.
FXIFY Pricing
FXIFY offers seven pricing plans with refundable fees:
- For Beginners
- $10,000: $85 One Time Fee
- $15,000: $115 One Time Fee
- Recommended
- $25,000: $199 One Time Fee
- $50,000: $375 One Time Fee
- For Experts
- $100,000: $499 One Time Fee
- $200,000: $999 One Time Fee
- $400,000: $1999 One Time Fee
How to Open An Account?
- Select the desired funded trader plan from the Pricing Plan page.
- Apply and schedule a phone interview about trading experience.
- Upon approval, pay the required fee.
- Start trading on a live account immediately.
In Conclusion
FXIFY stands out as an innovative and flexible prop trading firm, offering customizable funding programs, relaxed trading rules, and a wide range of tradable assets. With its experienced founding team and commitment to continuous improvement, FXIFY is well-positioned to become a leading prop firm. For traders seeking a supportive and transparent environment to achieve their trading goals, FXIFY is a prime choice.
FXIFY Review Overall
FXIFY is a promising new prop trading firm that offers competitive funding options, flexible trading conditions, and a robust platform. With its ability to scale up to $4 million, support for MT4 and MT5 platforms, and relaxed trading rules, FXIFY provides a conducive environment for both beginner and expert traders. While it boasts fast withdrawals and comprehensive customer support, its newness in the industry and limited reviews may be a consideration for some traders. Overall, FXIFY is well-suited for ambitious traders looking for flexibility and substantial funding opportunities.
Pros
- Competitive scaling up to $4 million
- Flexible funding programs with refundable fees
- Supports MT4 and MT5 platforms
Cons
- New prop firm
- Limited Reviews
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