FXIFY is a leading proprietary trading firm that provides funded trading accounts to traders, allowing them to trade with up to $400,000 in starting capital. The firm promises some of the fastest payouts in the industry, with traders receiving up to a 90% performance split on their earnings. FXIFY offers a range of account options, including the ability to trade through one, two, or three-phase assessment programs, and allows the use of Expert Advisors (EAs), grid trading, and martingale strategies.
Key Features
- Starting Capital: Offers traders up to $400,000 in starting capital with the ability to scale up to $4,000,000.
- Performance Split: Up to 90% performance split, allowing traders to retain a significant portion of the profits they generate.
- Trading Platforms: Supports popular trading platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
- Trading Conditions:
- Allows use of Expert Advisors (EAs), grid, and martingale strategies.
- No consistency rules or stop-loss requirements.
- Permits holding positions over the weekend.
- Assessment Phases: Offers various evaluation phases (one, two, or three phases) to cater to different levels of trader experience and commitment.
- Withdrawal Options:
- On-demand withdrawals available after the first trade on the live account is closed.
- Bi-weekly payouts, enabling regular access to earnings.
- Customization Options: Traders can customize their accounts at checkout, choosing preferred trading conditions and leverage.
- Trading Instruments: Provides access to over 300 trading instruments including stocks, indices, and forex.
- Leverage Options: Standard leverage is 30:1, with the option to increase up to 50:1.
- Fee Structure: Offers a one-time refundable fee, with amounts varying based on the account type selected.
- Innovative Features:
- Industry-leading trading dashboard equipped with advanced analytics.
- Social Copy Trading and FXIFY™ Pre-Paid Cards.
- Trader Support and Resources:
- Regular trading competitions.
- Exclusive discounts for traders.
- A comprehensive trade journal and account metrics to help traders track and improve their performance.
FXIFY 1 Phase Program
The FXIFY One Phase Program is designed for forex traders who want to quickly advance to a funded trading account by completing just one evaluation phase. Here are the key details of the One Phase Program:
Program Overview:
- Purpose: Tailored for traders seeking to expedite their access to a funded account.
- Evaluation: Requires completion of a single evaluation phase to qualify for funding.
- Trading Style Adaptation: The program allows customization to suit individual trading strategies and preferences, promoting success in passing the evaluation.
Account Features:
- Account Options: Various tailored account sizes ranging from $10,000 to $400,000.
- Profit Targets: Set at 10% for each account size.
- Drawdown Limits: Maximum trailing drawdown is maintained at 6% across all account sizes.
- Trading Days: A minimum of 5 trading days is required, with no maximum limit on trading days.
- Performance Split: Offers up to a 90% performance split.
- Leverage: Up to 50:1.
- Refundable Fee: One-time fees vary based on the account size, starting from $75 up to $1999.
Additional Benefits:
- Customization at Checkout: Traders can tailor their program at the point of purchase, including options for increased leverage and an extra 15% performance split.
- Bi-weekly Payouts: Ensures regular and frequent access to earnings without long waiting periods.
- Withdrawal Options: On-demand withdrawal available from the first payout with no minimum requirements.
- Trading Platforms: Compatible with MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
- Trading Instruments: Access to over 300 trading instruments across various asset classes.
This program is especially suitable for traders who are confident in their trading strategy and wish to quickly move through the evaluation process to manage a funded account.
FXIFY 2 Phase Program
The FXIFY Two Phase Program is designed for traders who can exhibit consistent discipline and trading skills over two separate evaluation phases. Here are the details of the Two Phase Program:
Program Overview:
- Purpose: To identify committed traders who demonstrate consistency, accuracy, and sound risk management over two distinct assessment phases.
- Customization: Allows for customization according to individual trading strategies and needs, enhancing the chances of passing the evaluations.
Account Features:
- Account Options: Tailored account sizes from $10,000 to $400,000.
- Profit Targets:
- Step 1: Profit targets of 10% for each account size.
- Step 2: Subsequent profit targets of 5%.
- Drawdown Limits:
- Daily Loss Limit: Set at 5% for all account sizes.
- Max Drawdown: Maintained at 10% and is static.
- Trading Days:
- Minimum Trading Days: Requires a minimum of 5 trading days.
- Maximum Trading Days: Unlimited, providing flexibility to achieve targets at a comfortable pace.
- Performance Split: Offers up to a 90% performance split.
- Leverage: Up to 50:1.
- Refundable Fee: Varies by account size, starting from $75 to $1999 as a one-time fee.
Additional Benefits:
- Customization at Checkout: Traders can personalize their program at the point of purchase, including options for increased leverage and an additional 15% performance split.
- Bi-weekly Payouts: Ensures regular access to earnings without lengthy delays.
- Withdrawal Options: On-demand withdrawal from the first payout without minimum restrictions.
- Trading Platforms: Compatible with MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
- Trading Instruments: Access to over 300 trading instruments, encompassing a wide range of markets.
The Two Phase Program is particularly suited for traders who are looking for a structured pathway to prove their trading proficiency while managing risk effectively across more than one assessment phase.
FXIFY 3 Phase Program
The FXIFY Three Phase Program is tailored for traders who prefer lower assessment fees and profit targets, requiring demonstration of patience and discipline across three evaluation stages. Here’s a breakdown of the Three Phase Program:
Program Overview:
- Objective: To identify traders who exhibit patience, discipline, and consistency as core trading skills.
- Lower Assessment Cost: Designed to be accessible with lower upfront costs compared to other programs.
- Profit Targets: Set at 5% for each of the three phases, which is lower than those in one or two-phase programs, reflecting the program’s focus on sustained discipline over longer periods.
Account Features:
- Account Options: Various tailored account sizes from $10,000 to $400,000.
- Profit Targets for Each Phase:
- Step 1, 2, and 3: Each phase has a profit target of 5%.
- Drawdown Limits:
- Daily Loss Limit: Consistently set at 5% across all account sizes.
- Max Drawdown: Also set at 5%, reflecting a static type.
- Trading Days:
- Minimum Trading Days: Requires at least 5 trading days.
- Maximum Trading Days: Unlimited, allowing traders to utilize as much time as needed to meet the profit targets.
- Performance Split: Up to 90%.
- Leverage: Up to 50:1.
- Refundable Fee: One-time fees vary by account size, starting from $59 to $1599.
Additional Benefits:
- Customization at Checkout: Traders can personalize their program at the point of purchase, including options for increased leverage and an additional 15% performance split.
- Bi-weekly Payouts: Ensures regular access to earnings without lengthy delays.
- Withdrawal Options: On-demand withdrawal from the first payout without minimum restrictions.
- Trading Platforms: Compatible with MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
- Trading Instruments: Access to over 300 trading instruments, covering a wide range of markets.
The Three Phase Program is especially suited for traders who are not only confident in their trading strategy but also in their ability to maintain discipline over an extended period, allowing them to potentially reduce their overall risk and assessment costs.
How Does it Work?
The process of getting started and trading with FXIFY involves several structured steps:
Step One: Choose Your Account
Participants select the type of trading account they wish to use. Each account type has different parameters, such as maximum trading capital and leverage options, tailored to various levels of trading experience.
Step Two: Tailor Your Account
After choosing an account, traders have the option to customize their trading conditions. This includes adjusting the leverage and opting for additional benefits like an increased performance split. Specifically, traders can opt to increase their share of the profits from trading gains to 90% by selecting the appropriate addons at the checkout.
Step Three: Evaluation Process
The evaluation process consists of one or more phases, depending on the chosen program (One Phase, Two Phase, or Three Phase). Each phase has specific profit targets and drawdown limits to be met:
- Assessment: Traders must generate a specified return (e.g., 10%) without exceeding the defined maximum static drawdown (e.g., 10%) or daily drawdown limits (e.g., 5%).
- Verification: After successfully meeting the initial profit target, traders move to the verification stage, which further tests their trading consistency and risk management under similar conditions.
Funding and Trading
Upon successful completion of all required phases, traders are classified as certified FXIFY traders, allowing them to trade with the firm’s capital and earn up to 90% of the trading gains based on their performance. Consistent trading performance can lead to opportunities for scaling and increased capital allocation.
Platform Options
Traders can select from popular trading platforms such as MetaTrader 4 (MT4) or MetaTrader 5 (MT5), depending on their familiarity and preference. These platforms provide a range of tools and features suitable for varying trading strategies and styles.
Payouts
FXIFY offers a flexible payout system where traders can request their earnings to be paid out on demand after their first trade on the live account is closed, without a minimum amount requirement. Subsequent payouts are possible every two weeks, allowing traders to either withdraw their profits or compound them to grow their account balance.
FXIFY Broker: FXPIG
FXPIG is a brokerage firm that offers trading in a variety of financial instruments such as stocks, cryptocurrencies, index CFDs, forex, and more. It positions itself as a True STP (Straight Through Processing) broker, providing institutional STP pricing aggregated from over 20 bank and non-bank liquidity providers to ensure fast and reliable trade execution.
Key Features of FXPIG:
- Financial Instruments: Offers a wide range of trading options including over 80 forex pairs, more than 150 stock options, various cryptocurrencies, and other commodities like energy and metals.
- Trading Platforms: Provides multiple trading platforms like MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and FIX API to accommodate different trading preferences and strategies.
- Leverage: Offers leverage up to 500:1, providing traders with significant exposure to various markets.
- Minimum Deposit: Traders can start trading with a minimum deposit of $200.
- Commission and Spreads: Promotes low commission rates and raw spreads starting from 0.0 pips, aiming to offer competitive trading conditions.
- Regulatory Information: The company operates under the regulatory framework of Vanuatu with additional registration in Georgia.
FXPIG emphasizes security and risk management, noting that trading CFDs on margin carries a high level of risk, which might not be suitable for all investors. It advises traders to fully understand the risks and manage their investments carefully. The broker also highlights that its services are not targeted at residents of certain jurisdictions such as the U.S., Canada, and others due to regulatory restrictions.
Overall, FXPIG focuses on providing comprehensive trading tools, a variety of assets, and enhanced liquidity to cater to the needs of diverse trading strategies.
Trustpilot Reviews for FXIFY
FXIFY has achieved a rating of 4.5 out of 5 stars on Trustpilot, based on feedback from 1,456 customers, categorizing it as “Excellent” within the alternative financial service sector. This rating reflects a generally positive consensus from the users, marking it as a reputable choice within the industry. Here’s a detailed look at the feedback trends:
Positive Highlights:
- Customer Support: Several reviews praise the responsiveness and helpfulness of the customer support team, notably highlighting team members by name for their exceptional service.
- Payout Efficiency: Users have expressed satisfaction with the fast and hassle-free payout process, which is an essential aspect for traders expecting timely withdrawals.
- User Experience: Positive reviews frequently mention the ease of passing phases and initiating withdrawals, along with satisfaction with the trading conditions and platform functionality.
Addressing Negative Feedback:
- Resolution of Complaints: FXIFY has engaged with some of the negative feedback by responding to reviews, though the response rate to negative reviews is relatively low (replied to 7 out of 125 negative reviews). This engagement is crucial for maintaining trust and addressing any customer concerns.
- Specific Issues Raised: Some negative reviews cite issues with trading conditions not being clear or with disputes over trading practices. These reviews highlight areas where FXIFY could improve transparency or user education to avoid misunderstandings.
Cautionary Note:
While the overall score is high, potential users should consider both positive and negative reviews to get a balanced view of FXIFY’s services. It’s advisable to approach with caution, understanding that while many users report a positive experience, there are some accounts of dissatisfaction that should be weighed when making a decision. Engaging with any financial service provider should be based on thorough research and consideration of all available user feedback.
