FXIFY Review Is Here: Check it out!

Howdy, everyone! This time, we’re here with another review for you guys. It’s brand new because we’re going to review FXIFY, one of the latest featured proprietary trading firms listed on our website.

Now, they are growing quickly in the industry and are becoming a very attractive option for traders around the world. They’ve got some innovative approaches and very competitive offerings, and they’re quickly establishing themselves as a significant player in the industry. As you know already, our mission here at Forex Prop Reviews is to research and present the top trading firms to help you find the one that suits your needs. So, let’s check out FXIFY and see what they’re offering to traders around the world. 

FXIFY Review Is Here: Check it out!

If you’re unfamiliar with them, they are a fairly well-established prop trading firm, considering they came into the industry back in May 2023, so not too long ago at the time of recording. 

They offer traders three distinct funding programs: a two-phase evaluation, a one-phase evaluation, and a three-phase evaluation. Traders can manage account sizes of up to $400,000, with profit splits reaching as high as 90%. So, let’s dive straight in and have a look at the funding programs, the trading objectives, and some of the regulatory frameworks applicable to their traders.

FXIFY provides its traders with three unique funding program options:

• Two-phase Evaluation
• One-phase Evaluation
• Three-phase Evaluation

You can manage account sizes ranging from $10,000 up to $400,000. The aim is really to identify talented and consistent traders who can be profitable and efficiently manage risk. Each of the three evaluation programs allows you to trade with up to 1:30 leverage, which can be increased up to 1:50 with an add-on.

Two-phase Evaluation

Let’s take a look at the two-phase evaluation first. It stands out for having very relaxed drawdown rules, which are beneficial for disciplined individuals who are ready to implement their skills throughout the two assessment phases to then go on to funded status.

• In phase one, you need to reach a 10% profit target, with a 5% daily drawdown or 10% overall drawdown.
• Phase two involves reaching a profit target of 5%, with the same drawdown limits of 5% and 10%, respectively.

One-Phase Evaluation

Now, the one-phase evaluation stands out for having slightly more strict drawdown rules compared to the two-phase evaluation. However, it provides a fast-track solution to gaining funded status after just a single phase. This program is ideally designed for individuals who possess or are working on the skill sets and confidence required for just a single evaluation phase.

• You will need to achieve a profit target of 10% while strictly adhering to a 5% daily drawdown and a 6% maximum trailing drawdown. 

Three-Phase Evaluation

The evaluation phases of the three-phase program emphasize strict adherence to drawdown rules in phases one, two, and three.

• Traders must reach a profit target of 5% while not exceeding a 5% maximum daily drawdown or a 5% maximum overall drawdown.

All three funding programs share the same structure for minimum trading day requirements and maximum trading periods. Each program requires a minimum of five calendar days of trading in each evaluation phase. There is no maximum trading period, which allows traders to progress at their own pace without any time pressure. Additionally, FXIFY doesn’t have any consistency-based rules while working in their programs, and this is true for both the evaluation stages and once you successfully reach funded status.

There is definitely more than this that you should know, so why don’t you watch the FXIFY Review:

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