Hello, everyone, and welcome back! This time, we’re going to present an updated review video for you. We’re going to have this updated review about the prop firm FXIFY. The firm is featured on our platform and known for its strong presence in the trading world. FXIFY has earned widespread recognition for offering appealing and competitive services tailored to traders around the globe.
We’ll walk you through the essential aspects of their offerings and what they have available for traders.
Updated FXIFY Review Has Arrived – Get to Know it!
The company was founded in May of 2023 and is led by industry veterans. They’ve quickly established themselves as a notable player in the proprietary trading industry, based out of London, UK. FXIFY stands out by offering traders a choice of three distinctive funding programs.
Now, let’s jump straight into the funding program options. If you’re looking for a firm that offers generous profit splits, scalable growth opportunities, and robust trading platforms, FXIFY might be the right choice for you.
The three distinct funding programs are:
- A One-phase Evaluation
- A Two-phase Evaluation
- A Three-phase Evaluation.
Each of these programs is designed to identify skilled traders who demonstrate consistent profitability and solid risk management strategies. Regardless of the program you choose, FXIFY provides the opportunity to trade with account sizes ranging from as little as $5,000 to as much as $400,000, giving traders access to substantial capital to showcase their trading capabilities.
The evaluation process serves as a gateway for traders to prove their expertise under real market conditions, with each program tailored to accommodate different trading styles and goals. The primary objective is to identify traders who not only generate profits but also adhere to sound risk management principles, ensuring they can handle significant capital responsibly.
All of the evaluation programs come with different leverage options, which can go up to 1:30, allowing traders to maximize their potential.
For those who seek even more flexibility, FXIFY offers an add-on feature that enables leverage to be increased up to 1:1250. By offering multiple pathways to funding and adjustable leverage, FXIFY caters to a wide range of traders, whether you’re looking for a more straightforward evaluation or a comprehensive, multi-step process.
Two-Phase Evaluation
Let’s start by looking at the two-phase evaluation. This program stands out for having relaxed trading rules—you’ll only need to reach a 10% profit target in phase 1 and a 5% profit target in phase 2 while respecting the 4% maximum daily drawdown and 10% static maximum drawdown, as well as the five minimum trading day requirement in both evaluation phases. After completing both phases, you’ll be awarded a funded account with no minimum withdrawal requirements. Once fully funded, you only need to respect the 4% daily loss and 10% static maximum drawdown rules.
One-Phase Evaluation
The one-phase evaluation has slightly stricter trading rules than the two-phase program. However, it provides a faster path to achieving funded status since you only need to complete a single evaluation phase. This is perfect for experienced traders who can adapt to the 3% maximum daily drawdown and 6% trailing maximum drawdown. These are lower compared to the two-phase evaluation. In addition to the 10% profit target, the other rules include the 3% maximum daily drawdown, 6% trailing maximum drawdown, and a minimum of five trading days during the evaluation.
Three-Phase Evaluation
The three-phase evaluation is FXIFY’s third funding program. It also has relaxed trading rules, with slightly lower profit target requirements and drawdown limitations. If you choose the three-phase evaluation, you’ll need to get through three steps before being fully funded. The profit target is 5% in each individual phase, and you’ll work with a 5% maximum daily drawdown, 5% static maximum drawdown, and a five-calendar-day minimum trading day requirement during each step. Once funded, there are no minimum trading day or withdrawal requirements. This allows you to progress at your own pace and style, but you’ll still need to adhere to the 5% daily and static drawdown limits.
While working with any of FXIFY’s funding programs, there are no maximum trading period requirements. This allows traders to progress at their own pace, without time pressure, to reach their profit target. A minimum of 5 days is required, though.
There are more details. So, if you want to learn more about the firm, watch the full Updated FXIFY Review Video:
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