Fxify Review

Overview

FXIFY is a company identifying talented traders based on discipline, focus and consistent risk management within the financial markets. They test them through one of the three available funding programs. Traders have the opportunity to earn substantial profits, with the flexibility to manage account sizes up to $400,000 and receive up to 90% profit splits. This can be accomplished through trading various financial instruments, including forex pairs, commodities, indices, stocks, and cryptocurrencies.

Who are FXIFY?

FXIFY is a proprietary trading firm with the legal name FXIFY Solutions Limited that was incorporated in May 2023. They are located in London, UK, and are being managed by co-founders David Bhidey and Peter Brown. FXIFY provides traders with the opportunity to choose between three account types, a two-step evaluation, a one-step evaluation, and a three-step evaluation while being partnered with FXPIG as their broker.

FXIFY’s headquarters are located at Unit 1, 74 Back Church Lane, London, E1 1LX.

Who is the CEO of FXIFY?

David Bhidey and Peter Brown are co-founders of FXIFY.

David Bhidey, a co-founder of FXIFY, has a decade-long career in technology and e-commerce, initially founding an online property company. His passion for technology and finance led him to transition into trading five years ago, joining FXPIG as an Introducing Broker alongside Peter Brown. Together, they navigated the financial markets successfully.

In the past four years, David has honed his proprietary trading skills and, along with Peter, established a leading proprietary trading firm to fill a market gap. Leveraging his background, David aims to make FXIFY a trader-centric success story, prioritizing profitability and integrity. His strategic vision guides the company, ensuring it remains innovative and excellent in the financial markets.

Peter Brown, the second co-founder of FXIFY, brings over a decade of e-commerce and marketing expertise. His digital journey spans agencies, self-establishment, and leadership in performance marketing and website development. Transitioning into personal trading five years ago, Peter partnered with David Bhidey as an Introducing Broker for FXPIG.

Their collaboration led to the creation of FXIFY, addressing an unmet market need. Under Peter’s guidance, FXIFY swiftly rose to prominence as a premier proprietary trading firm. Leading development and performance marketing, Peter leverages his e-commerce and finance background to drive FXIFY’s ongoing success.

Video Review

Funding Program Options

FXIFY provides its traders with three unique funding program options:

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

Two-phase Evaluation

FXIFY’s Two-phase Evaluation provides traders the opportunity to manage account sizes ranging from $5,000 up to $400,000. The aim is to identify talented traders who are profitable and can efficiently manage risk throughout the two-step evaluation period. The Two-phase Evaluation allows you to trade with up to 1:30 leverage (1:50 with add-on).

Evaluation phase one requires a trader to reach a profit target of 10% while not surpassing their 4% maximum daily loss or 10% maximum loss rules. When it comes to time limitations, note that you have no maximum trading day requirements during phase one. However, you are required to trade a minimum of five trading days in order to proceed to phase two.

Evaluation phase two requires a trader to reach a profit target of 5% while not surpassing their 4% maximum daily loss or 10% maximum loss rules. When it comes to time limitations, note that you have no maximum trading day requirements during phase two. However, you are required to trade a minimum of five trading days in order to proceed to a funded account.

By completing both evaluation phases, you are awarded a funded account with no minimum withdrawal requirements. You must only respect the 4% maximum daily loss and 10% maximum loss rules. Your first payout on your funded account is on-demand with no minimum amount and no minimum trading day requirements, while all other withdrawals can also be submitted monthly (bi-weekly by applying an add-on while purchasing your account). Your profit split will be 80% up to 90% based on the profit you make on your funded account.

Add-ons for FXIFY’s Two-phase Evaluation

1. Increased 1:50 Leverage
2. 90% Profit Split
3. Bi-weekly Payouts
4. Performance Protection (Qualifies you for a payout if in profit even if you breach the daily drawdown)

Two-phase Evaluation Scaling Plan

The Two-phase Evaluation also has a scaling plan. If a trader is profitable for at least two out of the last three months with an average return of 10% over the three-month period, then you will become eligible for an account size increase equal to 25% of the initial account size.

Example:

After 3 Months: A qualified $100,000 account increases to $125,000.

After the Next 3 Months: A qualified $125,000 account increases to $150,000.

After the Next 3 Months: A qualified $150,000 account increases to $175,000.

And so on…

Two-phase Evaluation Trading Rules & Objectives

• Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for Phase 1 is set at 10%, whereas Phase 2 requires reaching a profit target of 5%. Funded accounts do not have any specified profit targets.
• Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 4%.
• Maximum Loss – The maximum loss limit a trader is allowed to lose overall without breaching the account. All account sizes have a maximum loss of 10%.
• Minimum Trading Days – The minimum duration during which you must engage in trading before successfully concluding an evaluation phase. Both evaluation phases have a minimum trading day requirement of 5 days.

One-phase Evaluation

FXIFY’s One-phase Evaluation provides traders the opportunity to manage account sizes ranging from $5,000 up to $400,000. The aim is to identify talented traders who are profitable and can efficiently manage risk throughout the one-step evaluation period. The One-phase Evaluation allows you to trade with up to 1:30 leverage (1:50 with add-on).

The evaluation phase requires a trader to reach a profit target of 10% while not surpassing their 3% maximum daily loss or 6% maximum trailing loss rules. When it comes to time limitations, note that you have no maximum trading day requirements during the evaluation phase. However, you are required to trade a minimum of five trading days in order to proceed to a funded account.

By completing the evaluation phase, you are awarded a funded account with no minimum withdrawal requirements. You must only respect the 3% maximum daily loss and 6% maximum trailing loss rules. Your first payout on your funded account is on-demand with no minimum amount and no minimum trading day requirements, while all other withdrawals can also be submitted monthly (bi-weekly by applying an add-on while purchasing your account). Your profit split will be 80% up to 90% based on the profit you make on your funded account.

Add-ons for FXIFY’s One-phase Evaluation

1. Increased 1:50 Leverage
2. 90% Profit Split
3. Bi-weekly Payouts
4. Performance Protection (Qualifies you for a payout if in profit even if you breach the daily drawdown)

One-phase Evaluation Scaling Plan

The One-phase Evaluation also has a scaling plan. If a trader is profitable for at least two out of the last three months with an average return of 10% over the three-month period, then you will become eligible for an account size increase equal to 25% of the initial account size.

Example:

After 3 Months: A qualified $100,000 account increases to $125,000.

After the Next 3 Months: A qualified $125,000 account increases to $150,000.

After the Next 3 Months: A qualified $150,000 account increases to $175,000.

And so on…

One-phase Evaluation Trading Rules & Objectives

• Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for the evaluation phase is 10%. Funded accounts do not have any specified profit targets.
• Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 3%.
• Maximum Trailing Loss – The difference between the highest achieved account balance and the lowest point of the drawdown determines the maximum trailing loss a trader is allowed to lose without breaching the account. All account sizes have a maximum trailing loss of 6%.
• Minimum Trading Days – The minimum duration during which you must engage in trading before successfully concluding an evaluation phase. The evaluation phase has a minimum trading day requirement of 5 days.

Three-phase Evaluation

FXIFY’s Three-phase Evaluation provides traders the opportunity to manage account sizes ranging from $5,000 up to $400,000. The aim is to identify talented traders who are profitable and can efficiently manage risk throughout the three-step evaluation period. The Three-phase Evaluation allows you to trade with up to 1:30 leverage (1:50 with add-on).

Evaluation phase one requires a trader to reach a profit target of 5% while not surpassing their 5% maximum daily loss or 5% maximum loss rules. When it comes to time limitations, note that you have no maximum trading day requirements during phase one. However, you are required to trade a minimum of five trading days in order to proceed to phase two.

Evaluation phase two requires a trader to reach a profit target of 5% while not surpassing their 5% maximum daily loss or 5% maximum loss rules. When it comes to time limitations, note that you have no maximum trading day requirements during phase two. However, you are required to trade a minimum of five trading days in order to proceed to phase three.

Evaluation phase three also requires a trader to reach a profit target of 5% while not surpassing their 5% maximum daily loss or 5% maximum loss rules. When it comes to time limitations, note that you have no maximum trading day requirements during phase three. However, you are required to trade a minimum of five trading days in order to proceed to a funded account.

By completing all three evaluation phases, you are awarded a funded account with no minimum withdrawal requirements. You must only respect the 5% maximum daily loss and 5% maximum loss rules. Your first payout on your funded account is on-demand with no minimum amount and no minimum trading day requirements, while all other withdrawals can also be submitted monthly (bi-weekly by applying an add-on while purchasing your account). Your profit split will be 80% up to 90% based on the profit you make on your funded account.

Add-ons for FXIFY’s Three-phase Evaluation

1. Increased 1:50 Leverage
2. 90% Profit Split
3. Bi-weekly Payouts
4. Performance Protection (Qualifies you for a payout if in profit even if you breach the daily drawdown)

Three-phase Evaluation Scaling Plan

The Three-phase Evaluation also has a scaling plan. If a trader is profitable for at least two out of the last three months with an average return of 10% over the three-month period, then you will become eligible for an account size increase equal to 25% of the initial account size.

Example:

After 3 Months: A qualified $100,000 account increases to $125,000.

After the Next 3 Months: A qualified $125,000 account increases to $150,000.

After the Next 3 Months: A qualified $150,000 account increases to $175,000.

And so on…

Three-phase Evaluation Trading Rules & Objectives

• Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for Phase 1, Phase 2, and Phase 3 requires reaching a profit target of 5%. Funded accounts do not have any specified profit targets.
• Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 5%.
• Maximum Loss – The maximum loss limit a trader is allowed to lose overall without breaching the account. All account sizes have a maximum loss of 5%.
• Minimum Trading Days – The minimum duration during which you must engage in trading before successfully concluding an evaluation phase. All three evaluation phases have a minimum trading day requirement of 5 days.

What Makes FXIFY Different From Other Prop Firms?

FXIFY differs from most industry-leading prop firms due to offering three unique account types: a two-step evaluation, a one-step evaluation, and a three-step evaluation. In addition, they also provide numerous favorable features, such as an unlimited trading period, first withdrawal on-demand, numerous add-on features, and raw spread accounts.

FXIFY’s Two-phase Evaluation is a two-step evaluation that requires traders to successfully complete two phases before becoming eligible for payouts. The profit target is 10% in phase one and 5% in phase two, with a 4% maximum daily and 10% maximum loss rules. You also have no maximum trading day requirements during either evaluation phase. However, you are required to trade for a minimum of 5 calendar days in each evaluation phase. The Two-phase Evaluation also has a unique scaling plan, allowing traders to manage even larger account sizes. Compared to other funding programs within the industry, the Two-phase Evaluation stands out mainly for having an unlimited trading period, first withdrawal on-demand, numerous add-on features, and raw spread accounts.

Example of comparison between FXIFY & Funding Pips

Example of comparison between FXIFY & FundedNext

Example of comparison between FXIFY & Alpha Capital Group

FXIFY’s One-phase Evaluation is a one-step evaluation that requires traders to successfully complete a single phase before becoming eligible for payouts. The profit target is 10%, with a 3% maximum daily and 6% maximum trailing loss rules. You also have no maximum trading day requirements during the evaluation phase. However, you are required to trade for a minimum of 5 calendar days during the evaluation phase. Keep in mind that the One-phase Evaluation also has a unique scaling plan, allowing traders to manage even larger account sizes. Compared to other funding programs within the industry, the One-phase Evaluation stands out mainly for having an unlimited trading period, first withdrawal on-demand, numerous add-on features, and raw spread accounts.

Example of comparison between FXIFY & Funded Trading Plus

Example of comparison between FXIFY & Blue Guardian

Example of comparison between FXIFY & Goat Funded Trader

FXIFY’s Three-phase Evaluation is a three-step evaluation that requires traders to successfully complete three phases before becoming eligible for payouts. The profit target is 5% in phase one, 5% in phase two, and 5% in phase three, with a 5% maximum daily and 5% maximum loss rules. You also have no maximum trading day requirements during each evaluation phase. However, you are required to trade for a minimum of 5 calendar days during each evaluation phase. The Three-phase Evaluation also has a unique scaling plan, allowing traders to manage even larger account sizes. Compared to other funding programs within the industry, the Three-phase Evaluation stands out mainly for having an unlimited trading period, first withdrawal on-demand, numerous add-on features, and raw spread accounts.

Is Getting FXIFY Capital Realistic?

It is essential to evaluate the achievability of trading requirements when considering proprietary trading firms that align with your forex trading style. While a company may appear attractive with a high percentage profit split on a generously funded account, the practicality decreases if they demand substantial monthly gains with minimal maximum drawdown percentages, significantly reducing the likelihood of success. Additionally, examining time constraints is crucial, with an unlimited trading period being more advantageous as it eliminates the pressure associated with time constraints. Lastly, it is essential to acquaint yourself with all trading rules during the evaluation process and subsequent funding stages to mitigate the risk of accidentally violating your trading account terms.

• Receiving capital from the Two-phase Evaluation is realistic primarily due to its average profit targets (10% in phase one and 5% in phase two) coupled with average maximum loss rules (4% maximum daily and 10% maximum loss). It is important to note that there are no maximum trading day requirements while having a minimum trading day requirement of 5 calendar days. Furthermore, upon successfully completing both evaluation phases, participants qualify for payouts featuring an advantageous profit split of 80% up to 90%.
• Receiving capital from the One-phase Evaluation is realistic primarily due to its average profit target of 10% coupled with average maximum loss rules (3% maximum daily and 6% maximum trailing loss). It is important to note that there are no maximum trading day requirements while having a minimum trading day requirement of 5 calendar days. Furthermore, upon successfully completing the evaluation phase, participants qualify for payouts featuring an advantageous profit split of 80% up to 90%.
• Receiving capital from the Three-phase Evaluation is realistic primarily due to its relatively modest profit targets, despite the additional evaluation phase (5% in phase one, 5% in phase two, and 5% in phase three) coupled with slightly below-average maximum loss rules (5% maximum daily and 5% maximum loss). It is important to note that there are no maximum trading day requirements while having a minimum trading day requirement of 5 calendar days. Furthermore, upon successfully completing all three evaluation phases, participants qualify for payouts featuring an advantageous profit split of 80% up to 90%.

After considering all the factors, FXIFY is highly recommended since you have three unique funding programs to choose from, a two-step evaluation, a one-step evaluation, and a three-step evaluation, which all feature realistic trading objectives and conditions for qualifying for payouts.

Payment Proof

FXIFY is a proprietary trading firm that was incorporated in May 2023. They have a large community of traders who have reached funded status and successfully qualify for a profit split.

While working with FXIFY and reaching funded status with the Two-phase Evaluation, One-phase Evaluation, or Three-phase Evaluation, you will be eligible to receive your first payout on demand. However, after your first payout, you will also be eligible to receive payouts if you exceed the initial account size every 30 calendar days (14 calendar days with add-on). Your profit split will consist of a generous 80% up to 90% based on the profit that you have generated on your funded account.

When it comes to FXIFY payment proof, you can find it on numerous websites. One example is Trustpilot, where their traders comment regarding their experience while working with the company as well as the process of how they successfully received payouts. Another source of payment proof for FXIFY is their Discord channel, where you can find numerous payout certificates of the most successful traders.

Examples of Payout Certificates and Payment Proof can be seen in the images below.

Which Broker Does FXIFY Use?

FXIFY is partnered with FXPIG as their broker.

FXPIG broker is a reliable and transparent platform for traders seeking a robust trading experience. Focusing on providing fair and competitive trading conditions, it offers tight spreads, fast execution, and a wide range of trading instruments. Its dedication to transparency and client satisfaction makes FXPIG a top choice for traders of all experience levels.

As for trading platforms, while you are working with FXIFY, they allow you to trade on MetaTrader 4, MetaTrader 5, or DXtrade.

Trading Instruments

As mentioned above, FXIFY is partnered with FXPIG, and they allow you to trade a wide range of trading instruments, which include forex pairs, commodities, indices, stocks, and cryptocurrencies with a leverage of up to 1:30 (1:50 with add-on), depending on the trading instrument that you are trading.

Forex Pairs

Commodities

Indices

Stocks

Cryptocurrencies

Trading Fees

Trading Commission

Spread Account

To check the live spreads, log in to the trading account below.

Education

FXIFY doesn’t provide any additional educational content to their community.

Nevertheless, FXIFY provides all its clients with entry to a meticulously crafted trader dashboard, which enhances risk management through continual access to comprehensive statistics and objectives. This guarantees immediate updates, thereby enhancing user satisfaction.