FXIFY

FXIFY’s fee structure is transparent and flexible, offering traders multiple assessment tracks and pricing models without hidden charges. This section outlines the costs, commissions, and trading conditions.

Assessment Fees by Model

FXIFY provides five funding programs with pricing based on account size:

• One Phase Assessment: $59 for $5,000 to $2,950 for $400,000.
• Two Phase Assessment: Identical pricing to One Phase, from $59 for $5,000 to $2,950 for $400,000.
• Three Phase Assessment: Pricing mirrors One and Two Phase, from $59 for $5,000 to $2,950 for $400,000.
• Instant Funding: $69 for $1,000 to $4,249 for $100,000.
• Lightning Assessment: $39 for $5,000 to $1,599 for $400,000.
• Discounts: FXIFY coupon codes (e.g., via affiliates) may reduce fees; check the FXIFY login dashboard or promotional channels.
• Refund Policy: 100% of assessment fees refunded upon first payout, enhancing cost-effectiveness.

Trading Costs: Spreads & Commissions

• Pricing Models:
  • Raw Spread Accounts: Tight spreads with a $6 per lot commission, comparable to ECN-style accounts.
  • All-In Accounts: Zero commission, with costs embedded in wider spreads, ideal for swing traders.
• Stock CFDs: 0.35% round-turn commission.
• Swaps: No swap-free accounts; overnight charges vary by broker and market conditions.
• Spread Access: Traders can verify live spreads via platform credentials or public links (specifics available post-signup).

Comparative Assessment

FXIFY’s fees are competitive, with refundable assessments and no hidden charges. The $6/lot commission and 0.35% stock CFD fee align with industry standards, though the lack of swap-free accounts may deter some traders. The dual pricing model (raw vs. all-in) adds flexibility, and discount codes enhance affordability.

FXIFY offers streamlined deposit methods and structured payouts, prioritizing reliability over extensive options.

Deposit Methods

• Visa & Mastercard: Instant or near-instant processing, no fees from FXIFY.
• PayPal: Centralized digital wallet for quick funding.
• Cryptocurrency: Via Confirmo (specific coins undisclosed), suitable for global traders.

Withdrawal Process

• Processor: Rise (riseworks.io) handles all payouts.
• Steps:
  1. Submit payout request via FXIFY dashboard.
  2. Receive Rise account invitation via email.
  3. Complete Rise registration.
  4. Wait 3–5 business days for approval and processing.
  5. Choose bank wire or cryptocurrency for withdrawal.
• Fees: No internal withdrawal fees; external processor fees may apply.
• Payout Terms: Every 14 days, minimum $50, with 80%–90% profit split.

Assessment

Deposits are user-friendly and fee-free, aligning with industry norms. The Rise-powered withdrawal process is reliable but adds a registration step, potentially slowing first payouts. The 3–5 day processing time is standard, though faster options exist among competitors.

FXIFY offers a diverse range of instruments across multiple asset classes, surpassing many mid-tier prop firms.

• Forex: Over 40 pairs, including majors (EURUSD, GBPUSD, USDJPY), minors, and exotics (USDZAR, EURTRY, USDCNH). Contract size: 100,000 units, with 5-digit pricing.
• Indices: US500, DE30, JPN225, USTEC, and more, with consistent tick values.
• Metals & Commodities: Gold (XAUUSD), Silver (XAGUSD), Platinum (XPTUSD), Brent Oil (UKOIL), Natural Gas (NGAS).
• Cryptocurrencies: BTCUSDT, ETHUSDT, XRPUSD, SOLUSD (unavailable on DXtrade).
• Single Stock CFDs: U.S. equities like Apple (AAPLd), Tesla (TSLAd), Amazon (AMZNd), Meta (FBd); 100-share lot sizes.
• Note: Crypto trading is restricted on DXtrade platforms.

Assessment

FXIFY’s asset library is robust, supporting scalping, swing, and multi-asset strategies. The inclusion of stock CFDs and cryptocurrencies adds versatility, though DXtrade’s crypto limitation may affect platform choice.

FXIFY’s leverage is conservative, prioritizing risk control while offering optional flexibility.

• Standard Leverage:
  • Forex & Gold: 30:1
  • Indices: 10:1
  • Oil: 5:1
  • Stocks & Cryptocurrencies: 2:1
• Custom Option: Forex and Gold leverage upgradable to 50:1 at checkout (excludes exotics like EURTRY, USDMXN, fixed at 6:1).
• Purpose: Lower leverage on volatile assets (crypto, stocks) reduces breach risks during evaluations.

Assessment

FXIFY’s leverage aligns with risk-focused firms, less aggressive than peers offering 100:1. The 50:1 upgrade for Forex/Gold provides flexibility, while exotic pair restrictions reflect volatility management. Suitable for disciplined traders, but may limit high-risk strategies.

FXIFY supports three platforms, catering to varied trading styles.

• MetaTrader 4 (MT4): Lightweight, ideal for Expert Advisors (EAs) and automated trading.
• MetaTrader 5 (MT5): Advanced charting, multi-asset support, web-based access.
• DXtrade: Modern, browser-native interface; no EA or crypto support.
• EA Compatibility: Allowed on One, Two, and Three Phase accounts; prohibited on Instant Funding and Lightning accounts.
• Platform Selection: Chosen at signup; switching post-purchase is not supported.

Assessment

The platform lineup is strong, with MT4/MT5 meeting professional needs and DXtrade offering a modern alternative. EA restrictions on certain accounts and lack of cTrader may limit appeal for some traders.

FXIFY offers five funding models, accommodating various trader profiles.

One Phase Assessment

• Profit Target: 10%.
• Drawdown: 3% daily, 6% trailing.
• Trading Days: Minimum 5, no maximum.
• Leverage: Up to 50:1 (Forex/Gold).
• Fees: $59–$2,950.
• Refund: 100% with first payout.
• Best For: Confident traders seeking a single-step evaluation.

Two Phase Assessment

• Profit Targets: Phase 1: 10%, Phase 2: 5%.
• Drawdown: 4% daily, 10% trailing.
• Trading Days: Minimum 5 per phase, no maximum.
• Leverage: Up to 50:1 (Forex/Gold).
• Fees: $59–$2,950.
• Refund: 100% with first payout.
• Best For: Traders preferring staged validation.

Three Phase Assessment

• Profit Targets: 5% per phase (3 phases).
• Drawdown: 5% daily, 5% static.
• Trading Days: Minimum 5 per phase, no maximum.
• Leverage: Up to 50:1 (Forex/Gold).
• Fees: $59–$2,950.
• Refund: 100% with first payout.
• Best For: Risk-conscious traders valuing consistency.

Instant Funding

• Profit Target: None.
• Drawdown: 8% daily, 8% trailing.
• Trading Days: No minimum; 60-day inactivity breach.
• Restrictions: No EAs, no weekend/news trading.
• Payouts: Bi-weekly, minimum $50, 80%–90% split.
• Fees: $69–$4,249.
• Refund: 100% with first payout.
• Best For: Experienced traders bypassing evaluations.

Lightning Assessment

• Profit Target: 5%.
• Drawdown: 3% daily, 4% trailing.
• Trading Days: 3–7 (from first trade).
• Conditions: No EAs, mandatory stop loss, 30% consistency rule.
• Payouts: First after 7 days, then bi-weekly, minimum $50, 80%–90% split.
• Fees: $39–$1,599.
• Refund: 100% with first payout.
• Best For: Fast-paced traders aiming for quick funding.

Assessment

FXIFY’s diverse programs cater to varied skill levels, with refundable fees and no time limits (except Lightning) adding appeal. Instant Funding’s restrictions and higher costs may deter some, but the range of options ensures flexibility.

1. Choose Program: Select One Phase, Two Phase, Three Phase, Instant Funding, or Lightning Assessment.
2. Select Platform & Pricing: Choose MT4, MT5, or DXtrade; raw spread ($6/lot) or all-in pricing.
3. Enter Details: Provide identity and billing info; apply FXIFY coupon code if available.
4. Confirm Order: Review Terms & Conditions, complete payment via Visa, Mastercard, PayPal, or crypto.
5. Start Trading: Receive credentials via FXIFY login dashboard and begin trading.

Assessment

The onboarding process is straightforward, with platform and pricing flexibility. The single-registration policy and potential discount codes enhance usability, though traders should verify terms to avoid issues.

• Channels: 24/5 live chat, email (support@fxify.com), Support Hub FAQ.
• Social: Discord, Telegram, Instagram, Facebook for updates and community engagement.
• Location: New Broad Street House, London, EC2M 1NH; fully online operations.
• Limitations: No phone or weekend support.
• Assessment: Responsive and professional, with live chat and detailed FAQs standing out. Phone support would enhance accessibility.

FXIFY is a legitimate, UK-based prop firm offering diverse funding models (One Phase, Two Phase, Three Phase, Instant Funding, Lightning Assessments) with account sizes up to $400,000. Competitive leverage (up to 50:1), refundable fees, and platforms (MT4, MT5, DXtrade) cater to varied strategies. While EAs are allowed on most accounts, Instant Funding and Lightning restrict automation. Payouts via Rise are reliable but take 3–5 days. With a 4.2/5 TrustScore and transparent leadership, FXIFY is a strong choice for disciplined traders, though execution speed and promotional clarity need improvement.

• Who Can Join? Global traders (18+), excluding sanctioned jurisdictions (e.g., Iran, Syria).
• Key Rules? 3%–8% daily drawdown, 4%–10% max drawdown, 5–10% profit targets, 5 min trading days.
• Is Copy Trading Allowed? Yes, within own accounts or to external platforms; third-party copying requires approval.
• Are EAs/Bots Allowed? Yes, except on Instant Funding and Lightning accounts.
• Who Owns FXIFY? David Bhidey and Peter Brown (co-founders).
• Is It a Scam? No evidence; transparent operations and consistent payouts.
• Is It Legit? Yes, with clear policies and 4.2/5 TrustScore.
• When Founded? 2023.
• Where Based? London, UK.
• Is It Good? Yes, for flexible funding and asset diversity; less suited for scalpers due to execution issues.
• Is It Reliable/Safe? Yes, with secure payments and defined rules; unregulated status requires due diligence.
• How to Pass Evaluations?
  • One Phase: 10% profit, 3% daily/6% trailing drawdown, 5 min days.
  • Two Phase: 10% (Phase 1), 5% (Phase 2), 4% daily/10% trailing drawdown.
  • Three Phase: 5% per phase, 5% daily/5% static drawdown.
  • Instant Funding: No target, 8% daily/trailing drawdown, no EAs.
  • Lightning: 5% profit, 3% daily/4% trailing drawdown, 3–7 days.