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Verdict
FXIFY is the right pick for algorithmic traders who want product flexibility and on-demand payouts more than they want the longest track record.
- Six challenge products: One-Phase, Two-Phase, Three-Phase, Lightning, Instant, plus FXIFY Futures. No other major CFD prop firm in 2026 ships this much variety.
- Account customisation at checkout — leverage, profit split, payout frequency, stop-loss requirement are all add-on toggles that change the base price.
- EAs, Martingale, and Grid trading are all allowed. Stop-loss is not required. This is unusually permissive for a CFD prop firm.
- On-demand payouts from day 1, $50 minimum. Most CFD competitors gate the first payout 14–30 days out.
- Profit split scales up to 90% on CFDs, up to 100% on FXIFY Futures.
- Drawdown is trailing (10% max, 4% daily) — meaningfully harder to manage than FTMO or FundedNext's static drawdown.
- US, Russia, Iran, and North Korea are not eligible. Verify residency before purchase.
- Active promo codes (verified 2026-05-20): NEW40 = 40% off One-Phase, FXIFY3 = 33% off most programs. Both expire 2026-05-31.
Quick facts
| Founded | 2022 (4 years operating) |
| Headquarters | London, United Kingdom |
| Evaluation models | 6 products: One/Two/Three-Phase · Lightning · Instant · Futures |
| Max allocation | $400K starting (CFDs), scaling with consistency |
| Profit split | 80% standard, up to 90% CFDs / 100% Futures with add-ons |
| Drawdown type | Trailing 10% max, 4% daily |
| Platforms | MT4, MT5 (CFDs) · NinjaTrader, Tradovate, Quantower, TradingView (Futures) |
| Instruments | Forex, Indices, Commodities, Crypto (300+ symbols) |
Challenges available
FXIFY runs the broadest lineup in the major CFD prop tier. Six products, each with a different evaluation model and risk profile. The trade-off is decision overhead — figuring out which one fits your strategy takes more work than at FTMO or FundedNext.
| Product | Phases | Profit target | Daily / Max DD | Split | Payouts |
|---|---|---|---|---|---|
| One-Phase | 1 | 10% | 4% / 10% trailing | 80% (90% w/ add-ons) | On-demand, day 1 |
| Two-Phase | 2 | 10% / 5% | 4% / 10% trailing | 80% (90% w/ add-ons) | On-demand, day 1 |
| Three-Phase | 3 | Lower per phase | — / 10% trailing | 80% | On-demand, day 1 |
| Lightning | 1 (7-day cap) | 5% | 4% / 10% trailing | 80% | On-demand, day 1 |
| Instant | 0 (no eval) | — | — / trailing | Up to 90% | Bi-weekly |
| FXIFY Futures | 1 | — | — / trailing | Up to 100% | On-demand, ~3 days |
Pricing is customisable at checkout — base price varies with the add-ons you select (leverage tier, payout frequency, profit split upgrade). The cheapest entry is the Lightning $5K at $59. Two-Phase tends to undercut One-Phase per phase at the same account size, which is the structural reason the Two-Phase exists.
Account sizes available across the CFD lineup: $5K, $10K, $25K, $50K, $100K, $200K, $400K. Futures sizes: $25K, $50K, $100K, $150K. All data verified 2026-05-20 against fxify.com. Source: content/data/challenges/fxify.json.
Promo codes (verified 2026-05-20, both expire 2026-05-31):
- NEW40 — 40% off One-Phase
- FXIFY3 — 33% off most programs
How the rules actually work
Trailing drawdown. FXIFY's CFD products use a 10% trailing maximum loss. On a $5K One-Phase, the loss line starts at $4,500 but tracks your equity high until you reach the funded threshold. If your equity peaks at $5,500, the loss line moves up to $4,950 — and stays there once you take a payout. This is meaningfully harder to manage than FTMO's static drawdown. Trend traders who give back a chunk of unrealised PnL during a drawdown get caught by trailing rules much more often than they realise.
Daily loss cap is 4%. Anchored to server-day start — a profitable morning doesn't extend the afternoon's allowance. On a $5K account that's $200 of intraday loss budget. Tight.
EAs, Martingale, and Grid are explicitly permitted. Most CFD prop firms quietly disallow Martingale and Grid strategies — FXIFY's terms expressly allow them. This is the firm's biggest structural difference from FTMO and FundedNext. Combined with no stop-loss requirement, FXIFY is the most algorithmic-trader-friendly major CFD firm in 2026.
News trading allowed. No retention penalty. Unlike FundedNext (40% news-window retention), FXIFY treats news-window PnL the same as any other PnL. If your edge is event-driven, this matters.
Overnight and weekend holding allowed across CFD products. Futures product restricts both per CME session rules — this is universal in futures props.
Copy trading is restricted: mirroring another trader's positions via third-party signal services is not permitted. Running your own EA that happens to replicate a public strategy is fine; subscribing to a signal feed and copy-trading it is not.
True cost to break even
Using computeTrueCost() — the 4% daily loss cap on trailing drawdown makes FXIFY's R-multiples worse than static-DD competitors at the same fee/split.
| Product · Tier | Fee | Break-even profit (80% split) | R-multiple vs 10% trailing DD | Days @ 1%/day (4% cap) |
|---|---|---|---|---|
| Lightning $5K | $59 | $74 | 0.15 | 2 |
| One-Phase $5K (after NEW40) | ~$150 | ~$188 | 0.38 | 4 |
| One-Phase $100K (est.) | ~$540 | ~$675 | 0.07 | 1 |
| Two-Phase $100K (est.) | ~$450 | ~$563 | 0.06 | 1 |
Reading the table. At the $100K tier FXIFY's R-multiple is competitive with FundedNext (0.06) and FTMO. The trade-off appears at smaller account sizes: Lightning $5K's $500 maximum loss budget is half FTMO's $1,000 budget on a $10K Challenge at the same break-even profit level. Small accounts on trailing DD compress quickly.
The Lightning product specifically has a 7-day evaluation cap. If you don't hit the 5% profit target in seven trading days, the account ends. Day count to break-even on the funded side (~$74 on $5K) is two days at the daily cap — but you have to clear the 5% evaluation target first, which is $250 of profit in seven days. That's a different math problem than a no-time-limit One-Phase.
Payout speed in practice
FXIFY's headline payout-speed feature is on-demand from day 1 on the CFD evaluation products (One-Phase, Two-Phase, Three-Phase, Lightning). $50 minimum payout. Most competitors gate the first payout 14–30 days out — FXIFY explicitly markets the no-wait experience.
Methods. Bank wire, crypto (USDT TRC-20 most common), Rise for select regions. Crypto settles fastest — community reports on Reddit and Trustpilot cluster around same-day to 24-hour settlement for USDT requests on the funded CFD products (verified anecdotally on threads dated 2026-01 through 2026-04).
Fees. FXIFY covers crypto network fees. Bank wire fees pass through.
Futures payouts are slightly slower — typically 3 business days settlement via ACH or wire, no crypto rail on the futures side as of mid-2026.
Caveat. The Instant product specifically uses a bi-weekly payout cycle, not on-demand. If you're choosing Instant specifically for the no-evaluation entry, do not assume the on-demand experience applies — verify on the product page.
Pros
- Six product lines let you match the firm's mechanics to your strategy: Lightning for fast scalpers, Three-Phase for cautious slow-and-steady, Instant for no-evaluation entry, Futures for CME contracts. No other major firm in 2026 covers this much surface area.
- EAs, Martingale, and Grid are explicitly permitted — uncommon in CFD prop. Combined with no stop-loss requirement, this is the most algorithmic-trader-friendly major CFD firm.
- On-demand payouts from day 1 with $50 minimum on the evaluation CFD products. Competitors gate first payout 14–30 days out.
- News trading allowed with no retention penalty. Unlike FundedNext's 40% news-window tax, FXIFY treats news-window PnL identically to any other PnL.
- FXIFY Futures pays up to 100% split — the only major CFD firm with a competitive futures product paying the trader full PnL after the activation period.
- Account customisation at checkout (leverage, payout frequency, split tier) lets traders dial in product economics rather than accepting a one-size-fits-all package.
- Active promo cadence. 33–40% off codes are typically live; the $59 Lightning entry-tier becomes the cheapest serious challenge in the niche.
Cons
- Trailing 10% maximum drawdown on CFD products is the structural opposite of FTMO/FundedNext's static drawdown. The loss line tightens as you profit, which catches trend traders giving back unrealised PnL.
- 4% daily loss cap is tight — $200 of intraday risk budget on a $5K account. Compare to FTMO's 5% / $500 on $10K.
- Pricing isn't published as a fixed list — base price varies with add-on selections at checkout. Apples-to-apples comparisons with FTMO and FundedNext require running the configurator first.
- Six products is a decision tax. A new trader can spend more time choosing between Lightning vs One-Phase vs Two-Phase than they spend trading. The product surface area is a feature for sophisticated buyers and a deterrent for beginners.
- Instant product uses bi-weekly payouts, not on-demand — even though the firm's headline messaging is "on-demand from day 1." The fine print matters here.
- 4-year operating history. Same as FundedNext. Track record is clean but shorter than FTMO (11 years) and Topstep (14 years).
- No US, Russia, Iran, or North Korea. Verify residency at signup.
Who should pick FXIFY
An algorithmic trader running an EA, Martingale, or Grid system who has been bounced from FTMO or FundedNext for strategy-incompatibility. FXIFY's permissive rule surface — EAs allowed, no stop-loss required, news trading without penalty, weekend holding on CFDs — is the most accommodating in the niche. The natural starting point is the Lightning $5K at $59 as a low-cost validation of your strategy on their platform, then upgrade to One-Phase or Two-Phase $50K–$100K once you've cleared one or two payouts. Futures-only traders should compare against Topstep before defaulting to FXIFY Futures — Topstep's track record carries more weight even though FXIFY pays a higher split.
Who should avoid FXIFY
A trader who needs static drawdown — i.e. you trade trend-following or position strategies where giving back unrealised PnL is part of the system. The 10% trailing DD will close the account before the strategy has time to recover. FTMO or FundedNext are structurally better. A trader new to prop firms should also avoid FXIFY's six-product lineup until they've passed one challenge somewhere — the decision overhead is not worth navigating without experience. And US residents can't use FXIFY at all; Topstep or My Funded Futures are the US-accepting alternatives for futures. No major CFD prop firm accepts US residents in 2026 due to CFTC restrictions.
FAQ
Is FXIFY legit in 2026?
Yes. FXIFY has operated since 2022, processes payouts on stated cadences, and the rules pages have been clarified rather than tightened on existing accounts. Trustpilot ratings hover around 4.7/5 from 200,000+ reviews across 200+ countries (per the firm's published metrics; independent verification limited because Trustpilot blocks programmatic fetching). Open complaints cluster around evaluation-phase rule-breach disputes — same pattern as every other major CFD prop.
Which FXIFY product is cheapest to break even on?
The Lightning $5K at $59 has the lowest absolute break-even profit at ~$74 (80% split). It's also the riskiest because the 7-day evaluation cap forces the 5% profit target inside a week. For a more forgiving entry, the One-Phase $5K with the NEW40 code (40% off) is ~$150 → ~$188 break-even with no time limit.
Does FXIFY really allow Martingale and Grid strategies?
Yes — explicitly. FXIFY's terms permit Martingale and Grid trading on both the evaluation and funded phases. This is unusual among major CFD prop firms. Most competitors disallow these strategies via the "high-risk strategy" or "abusive trading" clause; FXIFY does not.
What's the difference between FXIFY's One-Phase and Lightning?
Both are single-phase evaluations. Lightning has a 7-day time limit and a lower 5% profit target. One-Phase has no time limit and a higher 10% target. Lightning is structurally easier per day-of-effort if you have a clear edge — but the 7-day cap means a single bad week ends the account. One-Phase rewards patience.
Why is FXIFY's drawdown harder than FTMO's?
FTMO uses static drawdown — a fixed dollar floor at the starting balance. FXIFY uses trailing drawdown — the floor follows your equity high until you reach the funded threshold. On a $5K account with a $5,500 equity peak, FXIFY's loss line moves up to $4,950 ($550 from peak), while FTMO's stays at $4,500 ($1,000 from peak at any point). FXIFY's trailing rule punishes profit retention; FTMO's static rule doesn't.
Is the FXIFY challenge fee refundable?
On the evaluation products (One-Phase, Two-Phase, Three-Phase, Lightning), yes — refunded with the first payout. On the Instant product, no — the fee is sunk cost, which combined with the bi-weekly payout cycle is why Instant is the worst-value product in the FXIFY lineup unless you specifically need no-evaluation entry.
Can US residents use FXIFY?
No. US, Russia, Iran, and North Korea are not eligible. Verify your residency at signup. For US futures traders, Topstep and My Funded Futures are the alternatives; for US CFD traders, no major firm currently accepts them due to CFTC restrictions.