If you are looking for a prop firm that offers Forex and CFD trading, multiple funding options, flexible trading conditions, and relatively fast payouts, FXIFY is one name worth researching.
In this FXIFY review, we look at its programs, trading rules, payouts, platforms, fees, and the main things traders should understand before purchasing an account.
What Is FXIFY?
FXIFY is a proprietary trading firm offering funded trading programs for traders. Its current lineup includes One Phase, Two Phase, Three Phase, Instant Funding, and Lightning Challenge programs. Account sizes can reach up to $400,000 on its evaluation programs.
FXIFY is not a traditional retail broker where you simply deposit your own money and trade it. Traders participate under the firm’s program rules and must follow specific risk-management conditions.
FXIFY Forex & CFD Programs
FXIFY offers several ways to qualify for funding:
- One Phase – reach the required target in a single evaluation.
- Two Phase – complete two assessment stages.
- Three Phase – a multi-stage option with different targets and pricing.
- Instant Funding – start trading without completing a traditional evaluation.
- Lightning Challenge – an accelerated evaluation option.
This variety allows traders to choose a structure that matches their preferred trading style and risk approach.
Trading Rules
The exact rules depend on the program you choose. For example, FXIFY’s One Phase program currently lists a trailing drawdown, 5 minimum trading days, unlimited maximum trading days, EAs allowed, weekend holding and news trading.
Because rules differ between programs, traders should always check the specific account’s conditions before purchasing.
Payouts
Payouts are one of FXIFY’s major selling points.
For eligible evaluation programs, FXIFY advertises a first payout on demand after the required conditions are met. Its One Phase program currently states that the first withdrawal can be requested after completing the minimum five trading days, with a $50 minimum withdrawal. Subsequent withdrawals can be monthly or every two weeks if the relevant add-on is selected.
FXIFY says traders can receive up to a 90% performance split on eligible programs.
Instant Funding
FXIFY also offers an Instant Funding program, meaning traders can skip the traditional evaluation and begin trading immediately.
The current Instant Funding program offers account sizes up to $50,000 and advertises up to a 90% performance split. FXIFY states that these accounts have payouts every 14 days.
However, instant funding does not mean there are no risk rules. Traders still need to follow the conditions attached to their specific account.
Platforms
FXIFY supports several trading platforms, including MT5 and DXtrade, with platform availability depending on the trader’s location and program. Its website also lists TradingView for certain programs.
Fees
FXIFY charges an initial assessment fee for its evaluation programs. The company says the purchase fee for its 1-, 2-, and 3-Phase programs is reimbursed with the first payout if the trader successfully reaches the funded stage and meets the applicable conditions.
Additional costs can depend on the selected account, pricing model, spreads, swaps and optional add-ons, so traders should check the checkout page before purchasing.
Pros & Cons
Pros
- Multiple Forex and CFD funding options
- One, Two and Three Phase evaluations
- Instant Funding available
- Up to 90% performance split on eligible programs
- Fast first-payout options on eligible accounts
- EAs allowed on supported programs
- Weekend holding available on supported programs
- Multiple trading platforms
Cons
- Rules vary considerably between programs
- Drawdown conditions require careful risk management
- Optional add-ons can increase the overall cost
- Traders should carefully review payout and account-specific conditions before purchasing
Is FXIFY Worth Considering?
FXIFY offers a broad selection of funding models rather than a single challenge structure. Its combination of Forex/CFD markets, different evaluation formats, Instant Funding and payout options makes it a firm that traders may want to compare with other prop firms.
However, the most important factor is not simply the advertised account size or profit split. Read the exact rules of the account you intend to purchase, particularly the drawdown, minimum trading days, payout conditions and prohibited strategies.
Final Verdict
FXIFY provides several funding routes for Forex and CFD traders, including traditional evaluations and Instant Funding. Its advertised payout structure and range of programs make it an interesting option to research, but traders should choose based on the specific rules of the program rather than marketing headlines.
For the latest conditions, always verify the official FXIFY program page before purchasing because fees, promotions and account rules can change.
Frequently Asked Questions
Is FXIFY a Forex prop firm?
Yes. FXIFY offers funded trading programs that include Forex and CFD markets.
Does FXIFY offer Instant Funding?
Yes. Its Instant Funding program allows traders to start trading without completing a traditional evaluation.
What is the maximum profit split?
FXIFY advertises up to a 90% performance split on eligible programs.
Does FXIFY allow EAs?
EAs are allowed on supported programs, although traders must still comply with FXIFY’s rules.
Can traders hold positions over the weekend?
FXIFY lists weekend holding as available on supported programs. Always check the rules for the specific account.
Disclaimer: This article is for informational purposes only and is not financial advice. Prop-firm rules, fees, promotions and payout conditions can change. Always check the official FXIFY terms before purchasing an account.