FXIFY has recently announced a series of exciting updates to enhance the experience for its traders. In a recent communication, the firm shared details of several changes, effective immediately, that will positively impact new accounts and challenges.
Exciting Updates at FXIFY: New 5K Account, 80% Profit Split & More
One of the key announcements is the introduction of new 5K trading accounts. This new account size will offer traders more flexibility, particularly those looking to start with smaller capital while still aiming to benefit from FXIFY’s strong trading infrastructure and support.
In a bid to further boost trader profitability, FXIFY is increasing the default profit split on challenges from 75% to 80%. This change means that traders who successfully complete the FXIFY challenges will now retain a larger portion of their profits. This is an appealing feature for those looking to maximize their profits. This adjustment reflects FXIFY’s commitment to ensuring traders receive the highest possible rewards for their skills and efforts.
FXIFY has also announced changes to the daily drawdown levels on its multi-phase challenges. These adjustments are designed to offer a more balanced risk-to-reward ratio for traders during the evaluation process.
One-phase Evaluation: The daily drawdown has been reduced from previous levels to 3%.
Two-phase Evaluation: The daily drawdown is now 4%, providing a bit more leeway as traders progress.
Three-phase Evaluation: The drawdown remains unchanged at 5%, ensuring stability as traders complete the final challenge.
It’s important to note that existing accounts will not be affected by these changes, making the updates applicable only to new purchases going forward. FXIFY’s latest changes are a promising development for both aspiring and experienced traders looking to further their trading careers with enhanced terms.
About the Firm
FXIFY is a firm that identifies skilled traders by assessing their discipline, focus, and consistent risk management in the financial markets. Traders undergo evaluation through one of three funding programs: two-step, one-step, or three-step. Successfully completing the evaluation qualifies traders to earn profit splits.
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