FXIFY Overview
| Founded | 2023 |
| Headquarters | United Kingdom |
| Evaluation Models | One-Phase, Two-Phase, Three-Phase, Lightning, Instant Funding, Futures Plans |
| Max Allocation | Up to $400,000 (CFDs/Forex) and $450,000 (Futures) |
| Profit Split | Up to 90% (CFDs/Forex), up to 100% (Futures) |
| Payouts | On-demand, bi-weekly (CFDs/Forex); Every 14 days (Futures) |
| Assets | Forex, Crypto, Indices, Commodities, Stocks, Futures |
Are you a forex trader, into crypto, CFDs, or maybe even futures? Whichever it is, FXIFY has something for you. I like how they give traders flexible challenges, on-demand payouts, starting capital up to $400,000, monthly trading competitions, and profit splits that can reach 100%. That’s a lot of options in one place.
In this FXIFY review, I’ll take you through the challenges, the rules, and all the key details you should know before starting with the FXIFY prop firm.
- FXIFY is a relatively new UK-based prop firm that started in 2023 but already has hundreds of thousands of traders worldwide.
- FXIFY prop firm provides several funding models, including single-phase, multi-phase, lightning-fast, and instant funding options.
- Traders can access profit-split that go as high as 90% on standard accounts and even 100% on certain futures accounts.
- Futures traders operate on a separate system with dedicated plans, larger account sizes, and subscription-based pricing.
- FXIFY supports multiple platforms like MT4, MT5, DXTrade, and Platform 5, giving flexibility in how traders execute.
- Withdrawals are highly flexible, with some accounts allowing payouts after just one profitable trade.
- Certain strategies, such as arbitrage or high-frequency trading, are strictly prohibited.
- Overall, FXIFY has quickly become a competitive player in the prop firm space thanks to its variety of programs and fast growth.
What Is FXIFY?
FXIFY is a UK-based and broker-backed prop firm founded in 2023, and it’s quickly climbed the ranks in the industry. In just two years, it has paid out about $30 million to traders and grown to over 200,000 traders across more than 200 countries. Pretty impressive for such a young firm.
FXIFY offers flexible funding through four different challenges: One-Phase, Two-Phase, Three-Phase, and the Lightning Challenge. On top of that, there’s an Instant Funding program for traders who want fast access to capital, plus separate futures trading plans for those who prefer that market. With profit splits of up to 90%, FXIFY has become a strong choice for traders who value growth and steady payouts.
FXIFY Programs and Challenges
The first thing I want to take a closer look at in this FXIFY review is their challenges. It’s important to note that the challenges and the Instant Funding program I mention here are designed for forex, crypto, and CFD traders, not for futures. Futures traders have their own unique set of challenges, and I’ll cover those separately a bit later.
FXIFY One Phase Challenge
The FXIFY One-Phase Challenge is designed for traders who want faster access to a funded account. Instead of going through multiple steps, you only need to pass one evaluation phase to qualify for funding. This setup is especially suited for low-risk trading, as it comes with clear money management rules to keep things structured.
| Feature | 5K | 10K | 15K | 25K | 50K | 100K | 200K | 400K |
|---|---|---|---|---|---|---|---|---|
| Profit Target | 10% | 10% | 10% | 10% | 10% | 10% | 10% | 10% |
| Daily Loss Limit | 3% | 3% | 3% | 3% | 3% | 3% | 3% | 3% |
| Max Trailing Drawdown | 6% | 6% | 6% | 6% | 6% | 6% | 6% | 6% |
| Refundable Fee | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
| Minimum Trading Days | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Maximum Trading Days | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited |
| Profit Split | 90% | 90% | 90% | 90% | 90% | 90% | 90% | 90% |
| Leverage | 50:1 | 50:1 | 50:1 | 50:1 | 50:1 | 50:1 | 50:1 | 50:1 |
| EAs Allowed | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Hold Over Weekend | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| News Trading | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Trading Platforms | MT4, MT5 or DXTrade | MT4, MT5 or DXTrade | MT4, MT5 or DXTrade | MT4, MT5 or DXTrade | MT4, MT5 or DXTrade | MT4, MT5 or DXTrade | MT4, MT5 or DXTrade | MT4, MT5 or DXTrade |
| Pricing | $59 | $89 | $119 | $199 | $379 | $549 | $1,049 | $2,950 |
Here are the key trading rules and parameters to keep in mind when choosing this challenge:
- Account Sizes: 5K, 10K, 15K, 25K, 50K, 100 K, 200K, 400K
- Profit Target: 10%
- Daily Loss Limit: 3%
- Max Trailing Drawdown: 6%
- Refundable Fee: 100%
- Minimum Trading Days: 5 Days
- Maximum Trading Days: Unlimited
- Profit Split: 90%
- Leverage: from 50:1
- EAs Allowed: Yes
- Hold Over Weekend: Yes
- Platform: MT4, MT5 or DXTrade
- Starting Price: $59
FXIFY Two-Phase Challenge
The next challenge I want to look at in this FXIFY review is the Two-Phase Challenge. This challenge is designed for traders who can show consistent discipline across two assessment phases.
| Feature | First Phase (All Account Sizes) | Second Phase (All Account Sizes) |
|---|---|---|
| Profit Target | 10% | 5% |
| Daily Loss Limit | 4% | 4% |
| Max Trailing Drawdown | 10% | 10% |
| Refundable Fee | Yes | No |
| Minimum Trading Days | 5 | 5 |
| Maximum Trading Days | Unlimited | Unlimited |
| Profit Split | 90% | 90% |
| Leverage | 1:50 | 1:50 |
| EAs Allowed | Yes | Yes |
| Hold Over Weekend | Yes | Yes |
| News Trading | Yes | Yes |
| Trading Platforms | MT4, MT5 or DXTrade | MT4, MT5 or DXTrade |
To pass the challenge, you’ll need to follow and meet the trading rules below:
- Account Sizes: 5K, 10K, 15K, 25K, 50K, 100 K, 200K, 400K
- Profit Target: 10%, 5%
- Daily Loss Limit: 4%
- Max Trailing Drawdown: 10%
- Refundable Fee: 100% (Only for Phase One)
- Minimum Trading Days: 5 Days
- Maximum Trading Days: Unlimited
- Profit Split: 90%
- Leverage: from 50:1
- EAs Allowed: Yes
- Hold Over Weekend: Yes
- Platform: MT4, MT5 or DXTrade
- Starting Price: 59$
FXIFY Three-Phase Challenge
The FXIFY Three-Phase Challenge is made for traders looking for smaller assessment fees and profit goals. It runs through three phases in a row, each with its own trading rules:
| Feature | Phase 1 | Phase 2 | Phase 3 |
|---|---|---|---|
| Profit Target | 5% | 5% | 5% |
| Daily Loss Limit | 5% | 5% | 5% |
| Max Drawdown | 5% | 5% | 5% |
| Refundable Fee | Yes | No | No |
| Minimum Trading Days | 5 | 5 | 5 |
| Maximum Trading Days | Unlimited | Unlimited | Unlimited |
| Profit Split | Up to 90% | Up to 90% | Up to 90% |
| Leverage | Up to 30:1 | 30:1 | 30:1 |
| EAs Allowed | Yes | Yes | Yes |
| Hold Over Weekend | Yes | Yes | Yes |
| News Trading | Yes | Yes | Yes |
| Trading Platforms | MT4, MT5 or DXTrade | MT4, MT5 or DXTrade | MT4, MT5 or DXTrade |
- Account Sizes: 5K, 10K, 15K, 25K, 50K, 100 K, 200K, 400K
- Profit Target: 5% for all phases
- Daily Loss Limit: 5%
- Max Drawdown: 5%
- Refundable Fee: 100% (Only for Phase One)
- Minimum Trading Days: 5 Days
- Maximum Trading Days: Unlimited
- Profit Split: 90%
- Leverage: from 50:1
- EAs Allowed: Yes
- Hold Over Weekend: Yes
- Platform: MT4, MT5 or DXTrade
- Starting Price: 39$
FXIFY Lightning Challenge
Along with the three challenges I talked about earlier in this FXIFY review, there’s also the Lightning Challenge. Choose this one if you’re confident in your strategy, want faster results, and can handle tighter risk, time limits, and the consistency rule. Just a heads-up: it also has stricter rules on EAs and news trading.
| Feature | 10K | 25K | 50K | 100K |
|---|---|---|---|---|
| Profit Target | 5% | 5% | 5% | 5% |
| Daily Loss Limit | 3% | 3% | 3% | 3% |
| Max Trailing Drawdown | 4% | 4% | 4% | 4% |
| Refundable Fee | Yes | Yes | Yes | Yes |
| Minimum Trading Days | 3 | 3 | 3 | 3 |
| Consistency Rule | 30% | 30% | 30% | 30% |
| Profit Split | Up to 90% | Up to 90% | Up to 90% | Up to 90% |
| Leverage | 30:1 | 30:1 | 30:1 | 30:1 |
| EAs Allowed | No | No | No | No |
| Hold Over Weekend | Yes | Yes | Yes | Yes |
| News Trading | No | No | No | No |
| Trading Platforms | Platform 5 | Platform 5 | Platform 5 | Platform 5 |
| Pricing | $59 | $119 | $209 | $399 |
Here’s what you can expect with this challenge:
- Account Sizes: 10K, 25K, 50K, 100K
- Profit Target: 5% for all phases
- Daily Loss Limit: 3%
- Max Trailing Drawdown: 4%
- Refundable Fee: 100% (Only for Phase One)
- Minimum Trading Days: 3 Days
- Maximum Trading Days: 7 Days
- Consistency Rule: 30%
- Profit Split: 90%
- Leverage: from 30:1
- EAs Allowed: No
- News Trading: No
- Hold Over Weekend: Yes
- Platform: Platform 5
- Starting Price: 39$
- Stop Loss: Mandatory
FXIFY Instant Funding
Not in the mood to take on a challenge, but still want a funded FXIFY account? No worries, there’s an option for that too. With the FXIFY Instant Program, you can get started right away, with zero waiting around.
| Feature | 1K | 2.5K | 5K | 10K | 25K | 50K | 75K | 100K |
|---|---|---|---|---|---|---|---|---|
| Profit Target | None | None | None | None | None | None | None | None |
| Daily Loss Limit | 8% | 8% | 8% | 8% | 8% | 8% | 8% | 8% |
| Max Trailing Drawdown | 8% | 8% | 8% | 8% | 8% | 8% | 8% | 8% |
| Refundable Fee | No | No | No | No | No | No | No | No |
| Profit Split | Up to 90% | Up to 90% | Up to 90% | Up to 90% | Up to 90% | Up to 90% | Up to 90% | Up to 90% |
| Leverage | 50:1 | 50:1 | 50:1 | 50:1 | 50:1 | 50:1 | 50:1 | 50:1 |
| EAs Allowed | No | No | No | No | No | No | No | No |
| Hold Over Weekend | No | No | No | No | No | No | No | No |
| Trading Platforms | MT5 or DXTrade | MT5 or DXTrade | MT5 or DXTrade | MT5 or DXTrade | MT5 or DXTrade | MT5 or DXTrade | MT5 or DXTrade | MT5 or DXTrade |
| Pricing | $69 | $119 | $229 | $449 | $899 | $1749 | $2499 | $4249 |
Here are the rules and parameters you’ll need to follow:
- Account Sizes: 1K, 2.5K, 5K, 10K, 25K, 50K, 75K, 100K
- Profit Target: No
- Daily Loss Limit: 8%
- Max Trailing Drawdown: 8%
- Refundable Fee: 100% (Only for Phase One)
- Profit Split: 90%
- Leverage: from 50:1
- EAs Allowed: No
- News Trading: No
- Hold Over Weekend: No
- Platform: MT5 or DXTrade
- Starting Price: 69$
Once you pass this plan, or any of the challenges I covered earlier in this FXIFY review, you’ll be given a funded FXIFY account and officially become an FXIFY trader.
FXIFY Futures Plans
The FXIFY Challenges, along with the Instant Funding option I already talked about at this FXIFY review, are all part of FXIFY’s CFD/forex program.
But that’s not all! FXIFY also has a dedicated Futures program. This offers much larger account sizes (up to $450,000 simulated), faster payouts, and profit splits that can reach up to 100% on certain plans.
Keep in mind, the Futures program is completely separate; it has its own website (fxifyfutures.com) and runs on a monthly subscription instead of a one-time challenge fee.
According to the FXIFY Futures website, there are two challenges: the Starter Plan and the Expert Plan. Both come with account size options of $50K, $100K, and $150K.
Here is a brief review of the Futures rules, which I’ve outlined in the table below:
| Feature | Starter | Expert |
|---|---|---|
| Account Sizes | 50K, 100K, 150K | 50K, 100K, 150K |
| Profit Target | 6% | 6% |
| Daily Loss | 2% | 3% |
| Max Loss | 4% | 5% |
| Minimum Trading Days | 4 | 3 |
| Profit Split | 80% | 90% |
In addition to this FXIFY review, you can read more about FXFY futures plans and rules on our page: “The Best Futures Prop Firms.”
Trading Rules and Prohibited Practices
Just like other prop firms such as FTMO, E8 Markets, or Maven, FXIFY also has its own set of rules that traders need to follow. These rules are pretty straightforward, but some can feel kinda strict depending on your trading style. Here’s a simple breakdown:
EAs (Expert Advisors)
FXIFY lets you use Expert Advisors (EAs) in their evaluation programs: One-Phase, Two-Phase, and Three-Phase. However, you can’t use them in Instant Funding or Lightning accounts.
Overnight & Weekend Holding
In most FXIFY programs, you’re allowed to keep trades open overnight or over the weekend. The only exception is the Instant Funding model, where holding trades beyond market hours isn’t allowed.
Inactivity Policy
If your FXIFY Funded account remains inactive for 60 consecutive days without any trading activity, it could be flagged for rule violation and eventually closed. So, keeping some activity going is important.
Copy Trading
You can copy trades from your own external personal accounts, as long as you provide an HTML master statement to prove it. But FXIFY strictly bans copy trading from third-party accounts or using trade-copying services.
Consistency Rule
In the Lightning program, FXIFY requires consistency in profits. That means no single trading day’s profit can be more than 30% of your account’s total profit. A similar rule applies to FXIFY Futures plans: 30% max for the Starter plan and 40% for the Expert plan.
Restricted Strategies and Practices
When trading with FXIFY Funded accounts, certain trading methods are completely off-limits. These include high-frequency trading (HFT), reverse or group hedging, latency arbitrage, order-book spamming, herd trading or collusion, statistical arbitrage, gap trading around news events or market close, and exploiting software bugs or price feed delays. Breaking any of these rules can lead to losing your account or funding eligibility.
IP Policies
You can use different devices or IP addresses to log into your account, but running multiple accounts at the same time on the same IP or computer ID can trigger an extra KYC (Know Your Customer) check.
Assets and Trading Platforms
FXIFY gives traders four different platforms to choose from: MT4, MT5, DXTrade, and Platform 5. That’s pretty handy since you can choose the one you’re most comfortable with.
And then when it comes to what you can trade, FXIFY offers up to 300 assets, including:
- Forex pairs
- Commodities like gold, silver, and oil
- Indices
- Stocks
- Cryptocurrencies
- Futures (available on the FXIFY Futures prop firm)
FXIFY Payout Structure
One of the big features that makes FXIFY stand out from other prop firms is its on-demand payout system. It’s designed to give traders more flexibility, and after you make your first withdrawal, the general payout rules are pretty simple:
| Assets | Payout Timing | Profit Split | Description |
|---|---|---|---|
| Forex/CFDs | On-demand or bi-weekly | Up to 90% | First payout is instantly after one successful trade |
| Futures | Every 14 days | Up to 100% | Tiered payout (% increases each cycle) |
FXIFY Discount Code
Getting funded is always exciting, but saving money while doing it feels even better. Good news for anyone thinking about joining FXIFY, at the time of writing this review, they’re offering a 40% promo code for new traders on all instant plans.
If you come across this FXIFY review after the code has expired, don’t worry. You can always check out the Traders Hub Fund Telegram channel for the latest updates and discount codes, not just for FXIFY but for many other prop firms as well.
FXIFY Review on Trustpilot
Based on over 3,500 comments and reviews on Trustpilot, FXIFY holds a solid 4.3 out of 5 rating. Here are some of the positive things traders often mention:
- FXIFY is quick to respond and open to feedback
- Impressive leverage options
- A user-friendly interface, especially the dashboard
- Fast payouts with flexible withdrawal choices
Of course, there are also a few downsides some traders talk about:
- Verification and KYC issues can be frustrating
- A few users mention unclear payment processes or sudden account terminations
As always, besides this FXIFY review, I highly recommend checking other websites and their main user reviews too. That way, you’ll get a balanced view before starting with any firm, whether it’s FXIFY or another prop firm.
FXIFY Monthly Competitions
Even with all the flexible challenges, rules, and pricing we’ve already covered in this FXIFY review, there’s still more to mention. FXIFY also runs a monthly trading competition with a massive $1 million prize pool, usually awarded in the form of funded challenge accounts.
At the time of writing this review, the August competition is live. Anyone with a free FXIFY account can join, and each month, 12 winners are selected. The top traders get evaluation or funded accounts, sometimes with as much as $400,000 in starting capital.
| Account or Challenge | FXIFY Competition |
|---|---|
| Max Total Drawdown | 10% |
| Max Daily Drawdown | 5% |
| Minimum Trading Days | 0 |
| EAs | Not allowed |
| Prizes | Funded accounts from 10K to 400K |
Here’s a quick look at the prize breakdown based on final finishing place:
- $400K Challenge Account
- $200K Challenge Account
- $100K Challenge Account
- $100K Challenge Account
- $50K Challenge Account
- $50K Challenge Account
- $25K Challenge Account
- $25K Challenge Account
- $15K Challenge Account
- $15K Challenge Account
- $10K Challenge Account
- $10K Challenge Account
If you’d like to learn more, you can always check the FXIFY Competition page to see the upcoming competitions and the latest trading rules.
How to Get Started with FXIFY
After reading this FXIFY review, you might feel this prop firm is the right choice for you and wanna give it a shot! Getting started with FXIFY is pretty simple:
1. Sign up and register
Head to the FXIFY website and click “Sign Up” or “Open an Account” to create your profile. You’ll just need to provide a few details like your full name, email, country of residence, and password.
2. Select your program
Choose the program that best fits your trading style and goals.
3. Pay for the program or challenge
Complete your payment based on the challenge you picked. During checkout, you can also add extras like higher leverage, a bigger profit split, bi-weekly payouts, or performance protection.
4. Pass the challenge
Follow the trading rules and hit the required parameters for your account.
5. Get funded and start trading
Once you pass, you’ll gain access to a funded account. You can trade on multiple platforms (MT4, MT5, DXTrade) and explore a wide range of instruments.
6. Request your payout
For funded accounts, payouts are instant and on demand. You can even withdraw after your very first successful trade.
Conclusion
That’s all for this FXIFY prop firm review. FXIFY offers three different challenges, plus instant funding options for CFDs, crypto, and forex. They also have a separate platform just for futures trading, where you can choose between two plans: Starter and Expert.
Before signing up, take a moment to read through the rules carefully and check feedback from other traders. Hearing real experiences can make a big difference in your decision.
I hope this FXIFY review gave you a clear picture of what the firm has to offer.
And if you’ve already tried FXIFY, go ahead and share your thoughts in the comments; your experience might help the next trader out.
FAQ
How does FXIFY work?
FXIFY is one of the most popular prop firms, offering four distinct challenges as well as instant funding. The firm is based in the UK and hosts 200K active traders worldwide.
Is FXIFY legit?
Yes, FXIFY is a legit prop firm and has paid out more than $30M in just two years.
Is FXIFY a good prop firm?
Based on the most FXIFY reviews on the internet, FXIFY has a good rating with so many positive comments.
How do I withdraw from FXIFY?
You can withdraw from the FXIFY prop firm based on on-demand and bi-weekly methods.
What countries are restricted by FXIFY?
FXIFY is a UK-based prop firm platform that offers trading services to more than 200 countries worldwide except Afghanistan, Iran, North Korea, Russia, Syria, and Ukraine.
