FXIFY scored 83/100 with flexible account options and one step, two step, and three step challenges on MT4, MT5, and DXTrade. The prop firm advertises low spreads from 0 pips, though transparency on actual trading costs could be better.
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FXIFY Summary
FXIFY Promo Codes
FXIFYProp Firm Details
One Phase Evaluation
Two Phase Evaluation
Instant Funding
Scaling Plan
Fees From$39
Account Sizes5K -400K
Min Forex Spread0 pips
Commission Fee$3
Max Daily Loss3% - 5%
Profit Targets5% - 10%
Profit ShareUp to 90%
Trading Platforms
Consistency Rules
Compulsory Stop Loss
High Impact News Trading
Expert Advisors / Automated Trading
FOREX
INDICES
COMMODITIES
CRYPTO
SHARES
COUPON CODES
LUNAR28 - 28% off 1 & 3 step
Three Phase
Our Rating7.8/10
Funding$100,000
Fee$399
Two Phase
Our Rating7.6/10
Funding$200,000
Fee$799
With a score of 83/100 FXIFY provides good trading platform choices while advertising forex spreads as low as 0 pips, however the lack of transparency around actual trading costs and the minimal educational resources available might be off putting to some.
While the prop firm partners with forex broker FXPIG, and offers great flexibility in its account options with one, two, and three step evaluation processes, as well as instant funding accounts, if you are looking for detailed cost information and more comprehensive learning tools may find stronger options elsewhere like IC or DNA Funded.
FXIFY offers four challenge types—One Phase, Two Phase, and Three Phase—as well as an instant funding option, designed to accommodate various trading styles and preferences.
Each type has its own requirements in terms of evaluation phases, account size, fees, and risk parameters, making FXIFY a flexible choice for traders aiming for funded accounts.
| Feature | Instant Funding | One Phase Challenges | Two Phase Challenges | Three Phase Challenges |
|---|---|---|---|---|
| Evaluation Phases | Instant | 1 Step Process | 2 Step Process | 3 Step Process |
| Min Account Size | 1K - 50K | 5K - 400K | 5K - 400K | 5K - 400K |
| Fees | $69 - $1,749 | $59 - $1,999 | $59 - $1,999 | $39 - $1,599 |
| Profit Target | NA | 10% (Single Phase) | 10% (Phase 1), 5% (Phase 2) | 5% (Phase 1, 2, and 3) |
| Daily Loss Limit | 8% | 3% | 4% | 5% |
| Max Drawdown | 8% | 6% | 10% | 10% |
| Drawdown Type | Trailing | Trailing | Static | Static |
| Profit Split | 90% | 80% - 90% | 80% - 90% | 80% - 90% |
| Min Trading Days | No minimum | 5 | 5 | 5 |
| Max Trading Days | Unlimited | Unlimited | Unlimited | Unlimited |
Unless you choose instant funding, to become a funded trader you must meet specific profit targets while managing strict risk limits across one, two, or three-phase challenges.
Unlike the instant funding account which has no minimum or maximum trading days, these challenges require you to trade for a minimum of five days, yet there is no maximum trading days for you to complete the evaluation process.
Each challenge type caters to different trading styles: the One Phase Challenge is ideal for skilled traders seeking a fast-track route with simplified requirements, the Two Phase Challenge rewards consistency over two stages, while the Three Phase Challenge is designed for beginners, offering gradual progress with smaller fees and lower risk thresholds.
For traders looking to skip evaluations entirely, the Instant Funding option provides immediate access to capital and up to 90% profit splits from day one.
FXIFY’s Instant Funding Account offers immediate access to trading capital without any evaluation requirements. With up to a 90% profit split, this account is designed for traders who want to access a funded account and start trading instantly.
| Challenge Fee | Account Size | Daily Loss (8%) | Max Trailing Drawdown (8%) |
|---|---|---|---|
| $69 | $1,000 | $80 | $80 |
| $119 | $2,500 | $200 | $200 |
| $229 | $5,000 | $400 | $400 |
| $449 | $10,000 | $800 | $800 |
| $899 | $25,000 | $2,000 | $2,000 |
| $1,749 | $50,000 | $4,000 | $4,000 |
The One Phase Challenge is FXIFY’s quickest path to becoming a funded trader. You only need to hit a 10% profit target with a trailing 6% drawdown limit.
This challenge is perfect if you’re a high-confidence trader looking to prove your skills quickly and dive straight into a funded account without multiple assessments.
It’s a single-step process, ideal for those who prefer a focused, straightforward approach to funding.
| Challenge Fee | Account Size | Profit Target (10%) | Daily Loss Limit (3%) | Max Trailing Drawdown (6%) |
|---|---|---|---|---|
| $59 | $5,000 | $500 | $150 | $300 |
| $89 | $10,000 | $1,000 | $300 | $600 |
| $119 | $15,000 | $1,500 | $450 | $900 |
| $199 | $25,000 | $2,500 | $750 | $1,500 |
| $379 | $50,000 | $5,000 | $1,500 | $3,000 |
| $499 | $100,000 | $10,000 | $3,000 | $6,000 |
| $999 | $200,000 | $20,000 | $6,000 | $12,000 |
| $1,999 | $400,000 | $40,000 | $12,000 | $24,000 |
The Two Phase Challenge is for traders who want to show consistency over a slightly longer path to funding. Here, you’ll need to achieve a 10% profit in Phase 1 and 5% in Phase 2, while keeping within a 4% daily loss and 10% static drawdown.
This option is best suited to disciplined traders who can manage steady gains and avoid riskier strategies. The two-phase structure gives you room to prove both your initial performance and your ability to maintain it over time.
| Account Size | Fee | Profit Target (Phase 1 - 10%) | Profit Target (Phase 2 - 5%) | Total Profit Target | Daily Loss Limit (4%) | Max Drawdown (10%) |
|---|---|---|---|---|---|---|
| $5,000 | $59 | $500 | $250 | $750 | $200 | $500 |
| $10,000 | $89 | $1,000 | $500 | $1,500 | $400 | $1,000 |
| $15,000 | $119 | $1,500 | $750 | $2,250 | $600 | $1,500 |
| $25,000 | $199 | $2,500 | $1,250 | $3,750 | $1,000 | $2,500 |
| $50,000 | $379 | $5,000 | $2,500 | $7,500 | $2,000 | $5,000 |
| $100,000 | $499 | $10,000 | $5,000 | $15,000 | $4,000 | $10,000 |
| $200,000 | $999 | $20,000 | $10,000 | $30,000 | $8,000 | $20,000 |
| $400,000 | $1,999 | $40,000 | $20,000 | $60,000 | $16,000 | $40,000 |
The Three Phase Challenge takes things slower and is geared towards traders looking for a lower entry fee and gradual progress. With a profit target of just 5% in each phase, this challenge is all about patience and measured growth. Prop Traders get a lower daily loss cap at 5% and a static 10% max drawdown, designed to encourage lower-risk, methodical trading.
If you’re looking to become a funded trader and are comfortable progressing through multiple phases, this is a solid choice for those aiming for sustainable, long-term results.
| Account Size | Fee | Profit Target (Phase 1 - 5%) | Profit Target (Phase 2 - 5%) | Profit Target (Phase 3 - 5%) | Total Profit Target | Daily Loss Limit (5%) | Max Drawdown (10%) |
|---|---|---|---|---|---|---|---|
| $5,000 | $39 | $250 | $250 | $250 | $750 | $250 | $500 |
| $10,000 | $59 | $500 | $500 | $500 | $1,500 | $500 | $1,000 |
| $15,000 | $79 | $750 | $750 | $750 | $2,250 | $750 | $1,500 |
| $25,000 | $149 | $1,250 | $1,250 | $1,250 | $3,750 | $1,250 | $2,500 |
| $50,000 | $249 | $2,500 | $2,500 | $2,500 | $7,500 | $2,500 | $5,000 |
| $100,000 | $399 | $5,000 | $5,000 | $5,000 | $15,000 | $5,000 | $10,000 |
| $200,000 | $799 | $10,000 | $10,000 | $10,000 | $30,000 | $10,000 | $20,000 |
| $400,000 | $1,599 | $20,000 | $20,000 | $20,000 | $60,000 | $20,000 | $40,000 |
FXIFY allows traders to customise their challenge accounts with add ons available for 90% profit splits, faster payout frequency, additional account protection, and/or higher leverage.
For example, adding all options to a 5K One Phase account would increase the $39 base fee to $64.
Similarly, a 400K account with a $1,999 base fee would end up being $3,298. These customisation options allow traders to align their account setup more closely with their trading approach, but at a cost.
FXIFY’s scaling plan is designed to reward consistent performance with steady account growth. If you achieve a 10% return within the first three months, with two of those months in profit, your account scales up by 25%. After the initial boost, you can double your account size every three months by hitting similar targets.
For example, a $400K account could grow to $4M within a year if you meet the requirements at each stage. This setup encourages steady growth, offering a clear path to higher funding for dedicated traders.
Verdict on Challenge Accounts
FXIFY’s accounts cater to diverse trading preferences, offering flexibility through the single-step One Phase Challenge, the consistency-focused Two Phase Challenge, and the gradual Three Phase Challenge. Additionally, the Instant Funding option provides immediate access to trading capital for experienced traders.
FXIFY gives traders flexibility with two pricing models: raw spreads from 0 pips with a competitive commission fee or higher ‘all in’ spreads with no commission fees.
This setup allows you to pick the structure that best suits your trading style, whether you want minimal spreads or prefer straightforward pricing.
For traders opting for the raw spreads model, FXIFY uses FXPIG’s data feed, providing access to spreads starting as low as 0 pips on popular pairs like EUR/USD and XAU/USD, especially during peak trading hours in the London and New York sessions.
This liquidity source provides low spreads and fast execution, which benefits traders operating during high-liquidity periods. However, during our testing, we observed that spreads tend to widen slightly in low-volatility periods, such as during off-hours or quieter trading sessions.
Unlike some prop firms, FXIFY doesn’t publish average spread data, so if you’re trying to gauge how spreads might affect your costs, it’s worth taking advantage of their prop trading demo accounts to assess pricing during the time you plan to trade.
If you choose the raw spread model, there’s a $6 round-turn commission per lot on forex, metals, crypto, and indices. This setup can work well if you’re focused on keeping spreads as tight as possible.
For a simpler approach, FXIFY’s all-inclusive feed is commission-free, covering the same asset classes without adding per-trade fees, which could appeal if you’re looking to avoid tracking additional costs.
One drawback here is the lack of swap-free accounts, which may not suit traders who need to avoid overnight charges. FXIFY mentions they’re considering adding this option in the future, which could broaden its appeal.
Verdict Commissions and Pricing
FXIFY’s pricing offers solid flexibility, whether you’re aiming for minimal spreads with a per-lot commission or a straightforward all-inclusive fee. While their spread data transparency could improve, and the absence of swap-free accounts may deter some, FXIFY provides a reasonable cost structure that suits different trading needs.
With a total of 101 instruments on MT5 across various asset classes, FXIFY offers an attractive range of trading opportunities. During our investigation and testing, we found it challenging to pinpoint the exact financial markets available due to prop firms frequently updating their offerings.
However, after testing each platform, we compiled a comprehensive product list. We encourage readers to verify the latest instrument availability by exploring the demo on FXIFY’s website, as these offerings may vary.
FXIFY provides access to several asset classes, but the overall selection is somewhat limited, and availability varies depending on the platform used.
| Asset Class | DXTrade Total Instruments | MT4 Total Instruments | MT5 Total Instruments |
|---|---|---|---|
| Forex Pairs | 42 | 42 | 42 |
| Indices | 13 | 13 | 13 |
| Commodities | 6 | 7 | 7 |
| Stocks | Not Available | Not Available | 30 |
| Cryptocurrencies | Not Available | 7 | 7 |
| Other (Volatility Index, Currency Indices) | 1 | 2 | 2 |
| Total | 62 | 71 | 101 |
Each asset class provides different trading opportunities:
FXIFY maximum leverage caps are set at 30:1 for forex and gold, 10:1 for indices, and 2:1 for both stocks and cryptocurrencies. These default limits aim to help traders avoid excessive risk exposure, especially on volatile assets.
For those looking for greater leverage, FXIFY provides an add-on option during checkout that increases leverage to 50:1 on forex and gold for an additional 25% of your one off challenge fee.
Verdict on Financial Markets and Leverage
FXIFY offers a balanced selection of markets, though limited in stocks and cryptocurrencies. MT5 provides the widest range, including stock trading, while DXTrade and MT4 cater to other trading needs. The leverage options are conservative, promoting responsible trading with an option to increase leverage on select assets.
FXIFY provides access to three major trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), DXTrade with the TradingView integration. Each platform has unique features catering to different trader needs, allowing FXIFY traders flexibility in choosing a platform that best suits their style and experience level.
MetaTrader 4 (MT4) is a staple in the forex trading world, especially valued for its user-friendly interface and efficient automation features. MT4’s most popular trading tool is the Expert Advisors (EAs), allowing you to automate strategies based on custom or prebuilt algorithms.
The platform also includes built-in charting tools, such as a wide variety of technical indicators, trend lines, and customisable timeframes. In testing, MT4 consistently offered smooth performance with minimal lag, even in high-volume trading conditions.
This platform is best suited for traders prioritising stability, simplicity, and automated strategies.
MetaTrader 5 (MT5) builds on MT4’s foundation but adds depth with an expanded suite of tools and multi-asset capabilities.
The platform includes additional timeframes and more complex order types, such as buy-stop-limit and sell-stop-limit orders, catering to traders with advanced strategies.
MT5’s depth in market data, including DOM (Depth of Market), economic calendar integration, and multi-currency strategy testing, make it an excellent choice for those needing enhanced market analysis and trading precision.
DXTrade, enhanced with TradingView integration, provides a browser-based trading experience that combines DXTrade’s customisable and flexible interface with TradingView’s renowned charting tools.
This setup allows traders to personalise their dashboards with adjustable widgets on DXTrade while also accessing TradingView’s advanced technical analysis features, making it a strong choice for traders who value flexibility and detailed charting.
While this integration brings a powerful combination of features, some users may experience occasional connectivity issues or lag during high-traffic trading times.
Traders relying on fast order execution should keep these factors in mind and may want to test performance during peak sessions to ensure it meets their trading needs.
FXIFY has implemented a structured set of trading rules to promote disciplined, risk-conscious trading. Here’s an overview:
Verdict on Trading Platforms
FXIFY provides a solid range of trading platforms to suit different needs, from the automation-friendly MT4 to the multi-asset capabilities of MT5, and the flexible, browser-based DXTrade with TradingView integration.
Each platform offers unique benefits, whether it’s MT4’s stability for algorithmic trading, MT5’s expanded market access, or DXTrade’s customisation and advanced charting via TradingView.
FXIFY provides multiple payment methods, including credit/debit cards, bank transfers, and cryptocurrency, offering secure and accessible options. Withdrawals are flexible, with an initial on-demand payout following the first profitable trade, and the default payout system is monthly unless the bi-weekly payout add-on is purchased.
FXIFY’s challenge fees range from $39 to $1,999, depending on the account size. For those customising their accounts with add-ons like increased leverage, a higher profit split, bi-weekly payouts, or account protection, the fees can increase, with the most extensive setup reaching $3,298 for a fully customised 400K account.
Fee payments can be made using various methods, including:
These are one-time fees and are fully refundable. If you complete the challenge and make a profitable withdrawal, FXIFY will refund the original challenge fee with your first payout.
FXIFY’s profit split starts at 80%, with an option to increase it to 90% through an add-on at checkout. Following the first profitable trade, traders can request their initial payout on demand with no minimum withdrawal amount.
After this initial payout, the default schedule allows for monthly withdrawals, though upgrading to bi-weekly payouts is available as an add-on for those seeking more frequent access to profits.
To streamline withdrawals, FXIFY offers a range of options, including:
After requesting a withdrawal, accounts are set to read-only until approval. For those using the One Phase account, the max drawdown resets to the starting balance post-withdrawal. You can also choose to compound gains by leaving your account balance rather than withdrawing profits.
Note, instant funding accounts have a minimum withdrawal requirement of $50.
Verdict on Payments and Profit Shares
FXIFY provides a reasonable range of payment options and a standard profit split structure, though add-ons are required for maximum flexibility, such as bi-weekly withdrawals and higher profit splits. The refundable fees offer some added value, though the overall structure may appeal more to traders who prioritise capital retention and growth over frequent access to profits.
FXIFY’s customer service includes essential support channels but shows room for improvement in responsiveness and educational offerings. While their live chat and email support are accessible, feedback suggests varied response quality.
FXIFY offers live chat and email support, but response times and availability have mixed reviews. Although the live chat is accessible 24/7 during weekdays, some users report delays and inconsistent support quality. The Support Hub provides general assistance, and their FAQ section answers many common questions, but real-time support could improve for a smoother experience.
FXIFY’s educational resources are limited compared to other prop firms. Their YouTube content is minimal and lacks comprehensive tutorials, making it less useful for traders seeking in-depth learning materials. For those needing substantial educational support, FXIFY might not fully meet expectations.
Verdict on Customer Service and Education
FXIFY’s support system offers basic assistance, but its limited educational resources may be a drawback for traders seeking robust learning tools. With a minimal presence on YouTube and fewer in-depth resources, traders looking for strong educational content may find more value elsewhere.
FXIFY fosters a connected trading community, offering various channels for engagement and support. Their Discord server, with over 38,000 members, serves as a central hub for trader interaction, updates, and guidance.
With a great TrustPilot score of 4.2 out of 5 stars, FXIFY enjoys strong support from its community, with 79% of reviews being 5-star.
Positive reviews often highlight the firm’s quick payouts, flexible trading rules, and supportive customer service. On the flip side, some users have reported that they experienced not the fastest payout processes and delays in account activation, especially for higher account tiers.
These TrustPilot reviews suggest that while FXIFY performs well overall, there’s room to enhance reliability for high-stakes accounts.
FXIFY has a strong Discord community with over 38,000 members and 1,700 verified traders. The server hosts various channels, including asset-specific chats (like forex, crypto, and indices), trade ideas, and public support, creating a space for traders to connect and share strategies.
The prop trading firm also has a significant presence on social media, with 56.9K followers on Instagram, 50K on Facebook, and 26.4K on Twitter, where they post updates, trading tips, and community highlights.
Verdict on Trust and Community
FXIFY’s strong community presence, reflected in both its TrustPilot reviews and active social channels, is a major plus for traders seeking a supportive network. Overall, FXIFY offers a well-rounded community platform with solid support, making it a good fit for traders looking to connect and grow.
Getting started with FXIFY is straightforward and involves a few key steps to choose your evaluation plan, register, and set up your account. Here’s a step-by-step guide to the sign-up process:
1. Choose Your Evaluation Program
FXIFY offers three evaluation types: One Phase, Two Phase, and Three Phase Challenges. Each type has different requirements for profit targets, drawdowns, and risk limits, so select the one that best suits your trading style and objectives. Consider factors like evaluation phases, account size, and profit split options to determine which challenge aligns with your goals.
2. Select Account Size and Customise Options
After choosing the evaluation program, select an account size from $5,000 to $400,000. You can also add optional customisations such as:
3. Sign Up for an FXIFY Account
Visit the FXIFY website and register for an account. You’ll need to provide some basic information, including your name, email, and country of residence. After signing up, log in to access your trader dashboard, where you can complete the registration process.
4. Pay the Challenge Fee
Complete the payment for the selected challenge and any add-ons. FXIFY accepts multiple payment methods for flexibility:
5. Begin the Evaluation
Once your payment is confirmed, you’ll receive access to the selected trading platform (MT4, MT5, or DXTrade). You can now start your evaluation, keeping in mind the specific rules and targets for the chosen challenge. Track your progress through the trader dashboard and follow FXIFY’s rules for drawdowns, profit targets, and other account parameters.
6. Complete the Evaluation and Get Funded
If you meet the profit target and follow the risk management rules, FXIFY will notify you of your successful evaluation. Your account will then transition to a funded status, allowing you to trade with capital provided by FXIFY and withdraw a share of profits according to your selected profit split.
FXIFY offers a range of evaluation options and customisable features, which can be appealing for traders who value flexibility. However, the added costs for upgrades, such as bi-weekly payouts and increased leverage, may not suit those looking for a more straightforward or affordable funding model.
The lack of transparency around spreads and available markets could be a drawback for traders who prioritise detailed cost information and market variety.
While FXIFY has a solid community presence and offers scaling options, some users may find that the limited data on trading costs makes it harder to assess the true value of the proprietary trading firm.
FXIFY is not considered a scam; it is a registered prop trading firm that offers funded accounts and has numerous verified reviews on platforms like TrustPilot, where it holds a score of 4.2 out of 5. However, some users have reported delays in account activation and withdrawals, particularly on higher-tier accounts. It’s crucial to review FXIFY’s terms and user feedback before signing up, especially regarding withdrawal policies and support response times.
FXIFY appears safe, providing standard security measures and a community-backed reputation. It has established a presence across social media and TrustPilot, with a majority of positive reviews, especially about their payout processes.
However, FXIFY’s lack of transparency in certain areas, like spread details and market selection, might raise concerns for some users. Always review their terms and consider starting with smaller accounts to evaluate their reliability first-hand.
FXIFY operates through FXPIG, a broker known for supporting prop firms with competitive spreads and fast execution. FXPIG provides trading platforms like MT4, MT5, and DXTrade, giving FXIFY traders access to multiple trading environments.
Despite this, FXIFY doesn’t disclose average spread data or detailed market availability, which may limit users’ ability to fully assess trading conditions before starting. Checking FXIFY’s demo accounts can provide further insight into broker performance.
FXIFY’s profit split starts at 80%, allowing traders to keep the majority of their profits. This can be increased to 90% by purchasing a profit-split add-on during account setup.
The profit split applies to all funded accounts after passing the evaluation phase. This flexibility is beneficial for traders looking to maximise their earnings, though it comes with additional fees, which could impact smaller accounts looking to scale quickly.
The most trusted prop firms, based on reviews and our research, are DNA Funded, IC Funded, and OANDA Prop Trader. Our DNA Funded Review found the prop firm is known for its low fees, solid challenge options, and support from a regulated broker. IC Funded offers some of the lowest spreads, while OANDA Prop Trader is a good fit for beginners with accessible fees and up to 90% profit splits.
For more details, you can read about the Best Prop Trading Firms.
At Prop-Firms.com, our methodology is designed to help traders identify reliable prop trading firms through clear, data-driven insights. We assess each firm across key categories, including challenge structure, trading costs, market access, platform usability, and profit payouts.
Scoring is based on each firm’s strengths in providing accessible evaluation accounts, transparent fees, and competitive profit splits. Firms that offer flexible withdrawal options, strong customer support, and active trader communities score higher, providing a comprehensive view for traders seeking the right firm.
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