FXIFY Forex prop firm review — Reliable firm with cheap challenges

FXIFY prop firm has been around since 2023, but already managed to become popular among prop traders. There are so many positive reviews online that we decided to take a closer look at this prop firm’s offerings. FXIFY offers funded options from 10k to 400k USD, and fees are competitive as well. FXIFY allows traders to employ a wide range of trading systems including martingale, which is a rarity in the prop trading industry.

In today’s FXIFY review, we are going to assess the firm’s important features to make it easier for our readers to select the most suitable offering of this firm if its safety, rules, funded options, assets, platforms, support, and more are attractive.

Overall

FXIFY is a Forex prop trading firm established in 2023, offering a variety of funded challenges, including 1-step, 2-step, and 3-step programs. Funding options range from 10k to 400k and there is a scaling plan, allowing a maximum of 4 million dollar funding. FXIFY prop trading offers a compelling combination of diverse account types and cheap fees. The firm is reliable and offers advanced trading platforms including MT4 and MT5, allowing usage of EAs and custom indicators. Fees start from 59 dollars on 10k accounts, and assets include FX, stocks, commodities, indices, and cryptos. FXIFY is partnered with FXPIG, a regulated Forex broker. The maximum profit split is 90% which is also very competitive.

Pros & cons of FXIFY prop firm

Pros

• ✅ Offers 1-step, 2-step, and 3-step funding challenges
• ✅ Wide range of trading assets including Forex, stocks, commodities, cryptos, and indices
• ✅ Competitive fees start from $59 for the 3-step challenge, among the lowest in the industry
• ✅ Allows martingale and other diverse trading strategies
• ✅ Access to MT4, MT5, and DXTrade platforms with advanced trading tools

Cons

• 🚫 The maximum leverage is relatively low at 1:30
• 🚫 Educational resources are limited

Safety of FXIFY

FXIFY reviews are super positive on Trustpilot and there are almost 2,400 reviews with 79% of traders assessing the firm’s services with 5 stars. This is no low feat for a prop firm, and FXIFY is also partnered with a regulated Forex broker, FXPIG. The broker allows the firm’s clients to access MT4 and MT5 advanced trading platforms. The presence of a regulated broker is critical for the legitimacy and safety of FXIFY. Overall, FXIFY is a legitimate and reliable prop firm that allows traders to access advanced platforms offered by regulated brokers. FXIFY does not require traders to be liable for losses on their funded accounts, eliminating personal financial risks.

FXIFY Funding and maximum capital allocation

FXIFY funded programs are truly diverse including 1-step, 2-step, and 3-step programs. Traders can select a prop trading challenge type according to their preferences and experience.

FXIFY funding options for each funded account are similar and include 10k, 15k, 25k, 50k, 100k, 200k, and 200k USD. This is flexible, and the only difference is the pricing and number of phases to pass. Traders can select a 1-step account if they want to access funding faster, while beginners should select 2-step or 3-step challenges.

FXIFY challenges present value for every type of trader, which is very positive for the firm and beneficial for traders with diverse experience.

FXIFY scaling plan allows traders to increase the base funding amount and receive up to 4 million dollars in funding.

FXIFY Assets

FXIFY prop trading firm allows access to diverse financial markets including Forex, stocks, commodities, cryptos, and indices. The firm offers one of the widest range of trading assets, which is very attractive. The leverage is 1:30, but traders can select a more aggressive trading account with 1:50 leverage. With this high leverage on funded accounts, traders can maximize their profitability, enabling them to trade with high volumes risk-free.

FXIFY Trading rules and limitations

FXIFY rules are slightly different for each funded challenge type. The 1-step funded accounts have a 5% daily loss limit, a 6% maximum drawdown, 5 minimum trading days, and a 10% profit target. The 2-step challenge has a 10% profit target in Phase 1, a 5% profit target in Phase 2, a 5% daily loss limit, a 10% maximum drawdown, and 5 days minimum trading days. The 3-phase funded challenge has a 5% profit target on all three phases, a 5% daily loss limit, a 5% maximum drawdown, and 5 minimum trading days.

FXIFY Fees

Fees at FXIFY are very competitive and start from 59 dollars for 10k 3-step accounts. Let’s compare fees for each challenge to make it easier to compare. The 1-phase FXIFY challenges come with the following fees:

• Funded option: 10,000 USD — one-time fee: 85 USD
• 15,000 USD — 115 USD
• 25,000 USD — 199 USD
• 50,000 USD — 375 USD
• 100,000 USD — 499 USD
• 200,000 USD — 999 USD
• 400,000 USD — 1,999 USD

The FXIFY 2-phase challenges require similar fees:

• Funded option: 10,000 USD — one-time fee: 85 USD
• 15,000 USD — 115 USD
• 25,000 USD — 199 USD
• 50,000 USD — 375 USD
• 100,000 USD — 499 USD
• 200,000 USD — 999 USD
• 400,000 USD — 1,999 USD

The FXIFY 3-phase challenges have the cheapest one-time fees:

• Funded option: 10,000 USD — one-time fee: 59 USD
• 15,000 USD — 79 USD
• 25,000 USD — 149 USD
• 50,000 USD — 249 USD
• 100,000 USD — 399 USD
• 200,000 USD — 799 USD
• 400,000 USD — 1,599 USD

FXIFY offers very competitive fees from 85 dollars on its 1-step and 2-step challenges, which is very competitive. The 3-step account has even lower starting fees of 59 dollars, which is even cheaper than others.

FXIFY free trial is available as traders can copy credentials for both MetaTrader 4 and MetaTrader 5 and test the firm’s trading conditions. This is very useful for traders to test strategies before using them in real challenges. FXIFY free repeat is not offered at the moment.

FXIFY Platforms

FXIFY offers several advanced trading platforms including MT4, MT5, and DXTrade. MT4 and MT5 are very popular and capable platforms, allowing EAs and custom indicators. DXTrade does not support EAs yet. The firm also offers demo account credentials, allowing traders to check conditions such as assets and spreads before signing up for the paid challenge.

FXIFY Profit-Sharing

FXIFY profit split is up to 90% and traders can withdraw once per 2 weeks for 0 USD fees. The split starts from 75% and traders can increase it to 90% at the checkout. This is flexible and allows traders to get a high-profit split by default and increase it if they feel they need more and can absolutely pass the evaluation. Experienced traders will find this split especially competitive, enabling them to get up to 90% of their profits.

Education and trading tools at FXIFY

The firm lacks educational materials. It does not offer webinars, trading courses, or video tutorials. However, they can use various tools and custom indicators. Some of the tools are built-in side trader dashboards, enabling traders to measure their performance and improve themselves.

Customer Support at FXIFY

Customer support is responsive and knowledgeable at FXIFY. The firm offers live chat and email channels and traders also can use the online form which is a form of email support. Both the website and support are offered in English and Spanish. The firm also discloses its address, which is a green flag, unlike firms that hide their origins and address.

Frequently Asked Questions on FXIFY