FXIFY Empowering Traders to Reach New Heights

FXIFY is a cutting-edge prop trading firm that is revolutionizing the industry with its customizable funding programs, flexible trading rules, and an extensive range of tradable assets. If you are an ambitious trader looking to take your career to the next level, FXIFY might just be the ideal partner for you. In this comprehensive review, we will dive deep into the features and offerings of FXIFY, enabling you to make an informed decision about whether this prop firm aligns with your trading goals.

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About FXIFY

FXIFY stands out amongst prop trading firms as a truly innovative platform that allows traders to access up to $4,000,000 in trading capital. Led by a team of experienced traders with over 30 years of collective trading and brokerage experience, FXIFY is committed to providing traders with the best possible trading experience. The founding team, consisting of David Bhidey, Peter Brown, and Robert Winters, brings a wealth of knowledge and expertise, having traded with numerous renowned prop firms.

What sets FXIFY apart from other prop trading firms is its ability to customize trading accounts to align with each trader’s individual strategies. Whether you prefer an aggressive trading approach or a more flexible timeline to achieve your objectives, FXIFY has got you covered. By tailoring the trading account to suit your preferences, FXIFY ensures that you have the best chance to succeed in the financial markets.

Recognizing the challenges faced by traders, FXIFY offers a supportive and transparent environment to foster success. They provide two evaluation programs, namely the 1-phase and 2-phase evaluations, designed to accommodate traders with varying skill levels and risk tolerance. Additionally, FXIFY boasts a friendly community that assists traders in navigating the complexities of the financial markets and achieving their goals.

Funding Program Options

FXIFY offers two distinct funding evaluations for traders to choose from: the 1-phase evaluation and the 2-phase evaluation. These evaluations are designed to assess traders’ skills and grant them access to the firm’s capital.

The 1-phase evaluation offers expedited access to a funded account, making it ideal for rapid capital growth based on meeting trading objectives within one assessment. Traders have the flexibility to customize the evaluation to align with their trading strategy, thereby increasing their chances of success. The evaluation promotes low-risk trading, ensuring a higher probability of traders passing. With the 1-phase evaluation, traders can compound their account balance to subsequent levels using the scaling plan, with the potential to reach up to $4,000,000.

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On the other hand, the 2-phase evaluation utilizes a two-step process to assess traders’ skills. This evaluation offers account sizes ranging from $25,000 to $400,000, allowing traders to secure a funded account in as little as 20 days by demonstrating their trading expertise. Alternatively, traders can eliminate the time limit on the assessment and proceed at their own pace. FXIFY’s 2-phase evaluation aims to identify committed prop firm traders with essential trading skills required to thrive in the industry.

Fees

FXIFY provides a variety of pricing options depending on the initial starting capital, ranging from $175 to $1,999. This pricing flexibility ensures that traders with different budgets and trading styles can find a suitable option.

The assessment fee covers the setup and maintenance of the trader’s evaluation account. Traders who are profitable but do not meet their target will not be charged a reset fee. If they fail the evaluation, they have the opportunity to retake it with a 10% discount, allowing room for improvement while maintaining a fair fee structure.

FXIFY offers a profit split that starts at 75%, with the option to increase it by 15% to reach 90% by purchasing an add-on for a higher profit split at checkout. Upgrading to a higher profit split incurs an additional charge of 20% of the regular fee. Traders can also choose between bi-weekly payouts and the standard monthly payout schedule. By paying an extra 5% fee, traders can receive their earnings more frequently.

FXIFY’s add-ons provide traders with the flexibility to tailor their accounts to match their trading styles and preferences perfectly. For instance, traders can increase their leverage by paying an extra 25%, allowing access to leverage of up to 50:1 for forex and gold trading. This increased leverage opens up a broader range of opportunities to maximize trades. Traders can also extend the evaluation period to unlimited days by paying a 5% fee, demonstrating their skills and achieving evaluation goals at a comfortable pace.

Tradable Assets

In collaboration with FXPIG, a reputable broker since 2010, FXIFY offers a unique prop firm experience by providing all the essential tools typically expected from a regular broker. Traders can trade using the widely recognized MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms, supported by a top-tier multi-asset Tier 1 true STP broker, ensuring an optimal trading environment.

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With FXIFY, traders have access to over 300 trading instruments, including stocks, cryptocurrencies, indices, and forex. This diverse selection caters to traders of all kinds and allows them to explore various markets based on their preferences.

One notable feature of FXIFY is its commission-free trading for forex, gold/metals, and indices. This exclusive offering eliminates additional costs typically associated with these assets, allowing traders to optimize their trading performance. Additionally, traders can also trade stocks and cryptocurrencies, expanding their investment opportunities within one platform.

Restrictions

FXIFY distinguishes itself by offering relaxed trading rules, making it particularly attractive to a wide range of traders.

Key features of FXIFY’s relaxed trading rules include:

• EAs allowed: FXIFY supports the use of Expert Advisors (EAs), enabling traders to automate their trading strategies. This technology empowers traders and enhances their overall trading experience and outcomes.
• Hold over the weekend: Unlike some prop firms, FXIFY allows traders to keep their trades open over the weekend. This flexibility enables traders to manage their positions according to their own trading style and preferences.
• No consistency rules: FXIFY imposes no consistency rules on your trading activities. Traders can trade at their own pace and follow their own strategies without being restricted by specific requirements.
• No stop loss required: At FXIFY, traders are not obligated to set a stop loss for their trades. This provides traders with more control over their risk management and allows them to make decisions based on their own judgment and analysis.

These relaxed trading rules create an attractive and flexible trading environment, empowering traders to trade their way.

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Conclusion

In conclusion, FXIFY is a game-changer in the prop trading industry, offering customizable funding programs, flexible trading rules, and access to a wide range of tradable assets. With its commitment to providing a supportive and transparent environment, FXIFY aims to help ambitious traders reach new heights in their careers.

Whether you choose the 1-phase or 2-phase evaluation, FXIFY offers tailored options to suit different skill levels and risk tolerance. The transparent fee structure and add-ons allow traders to customize their accounts and optimize their earning potential. With commission-free trading and a diverse selection of tradable assets, traders have the opportunity to explore various markets within one platform.

Furthermore, FXIFY’s relaxed trading rules, such as allowing the use of EAs and holding trades over the weekend, provide traders with the freedom to trade according to their own strategies and preferences.

In summary, FXIFY is a prop trading firm that stands out from the crowd, empowering traders with the tools and support they need to succeed. If you are an ambitious trader looking for a prop firm to take your career to the next level, FXIFY may just be the perfect partner for you.