FXIFY scored 83/100 with flexible account options and MT4, MT5, and DXTrade. You can choose from instant funding, lightning challenge, or one, two, three step evaluation processes, and raw spreads from 0 or commission free forex trading,
FXIFY Summary
FXIFYProp Firm Details
One Phase Evaluation
Two Phase Evaluation
Instant Funding
Scaling Plan
Fees From$39
Account Sizes1K -400K
Min Forex Spread0 pips
Commission Fee$3
Max Daily Loss3% - 8%
Profit Targets5% - 10%
Profit Share80% - 90%
Trading Platforms
Consistency Rules
Compulsory Stop Loss
High Impact News Trading
Expert Advisors / Automated Trading
FOREX
INDICES
COMMODITIES
CRYPTO
SHARES
COUPON CODES
PROPFIRMS15
Three Phase
Our Rating7.8/10
Funding$100,000
Fee$399
Two Phase
Our Rating7.6/10
Funding$200,000
Fee$999
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.
While FXIFY focuses on prop trading CFDs, they also have FXIFY Futures for those interested in prop trading futures markets.
FXIFY offers an excellent selection of challenge types, including Instant, Lightning, One, Two, and Three Step evaluation processes.
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 | Lightning Challenge | One Phase Challenge | Two Phase Challenge | Three Phase Challenge |
|---|---|---|---|---|---|
| Evaluation Phases | None (Instant) | 1 Step Process (7 Days) | 1 Step Process | 2 Step Process | 3 Step Process |
| Min Account Size | $1K - $50K | $10K - $100K | $5K - $400K | $5K - $400K | $5K - $400K |
| Fees | $69 - $1,749 | $59 - $399 | $59 - $2,950 | $59 - $2,950 | $39 - $1,599 |
| Profit Target | NA | 5% | 10% (Single Phase) | 10% (Phase 1), 5% (Phase 2) | 5% (Each Phase) |
| Daily Loss Limit | 8% | 3% (End of Day Balance) | 3% | 4% | 5% |
| Max Drawdown | 8% Trailing | 4% Trailing | 6% Trailing | 10% Trailing | 10% Static |
| Profit Split | Up to 90% | Up to 90% | Up to 90% | Up to 90% | Up to 90% |
| Min Trading Days | No Minimum | 5 Days | 5 Days | 5 Days | 5 Days |
| Max Trading Days | Unlimited | 7 Days (Evaluation) | Unlimited | Unlimited | Unlimited |
| Initial Payout Timeframe | 14 Days | 7 Days | On Demand (Funded Stage) | On Demand (Funded Stage) | On Demand (Funded Stage) |
| Leverage | Up to 50:1 | Up to 30:1 | Up to 50:1 | Up to 50:1 | Up to 50:1 |
| EAs Allowed | ✔ | ✔ | ✔ | ✔ | ✔ |
| Hold Over Weekends | ✔ | ✘ | ✔ | ✔ | ✔ |
| Trade Through News | ✔ | ✘ | ✔ | ✔ | ✔ |
| Refundable Fee | ✔ | ✔ | ✔ | ✔ | ✔ |
The Instant Funding Account gives you immediate access to trading capital without any evaluation process. You can start trading right away, earn up to a 90% profit split, and withdraw profits every 14 days.
With a fixed 8% trailing drawdown and no minimum trading days, this account is perfect if you want to skip challenges and start making money from day one.
With no profit targets, no phase requirements, and fast withdrawals, the Instant Funding Account gives you a direct path to earning with funded capital.
| Account Size | Fee | Daily Loss Limit (8%) | Max Trailing Drawdown (8%) |
|---|---|---|---|
| $1,000 | $69 | $80 | $80 |
| $2,500 | $119 | $200 | $200 |
| $5,000 | $229 | $400 | $400 |
| $10,000 | $449 | $800 | $800 |
| $25,000 | $899 | $2,000 | $2,000 |
| $50,000 | $1,749 | $4,000 | $4,000 |
The Lightning Challenge is FXIFY’s fastest evaluation model, allowing traders to get funded in just 7 days.
With a low 5% profit target, a 3% daily loss limit, and a 4% trailing max drawdown, this challenge is ideal for confident traders who want a quick and efficient path to funding.
Unlike the One Phase Challenge, which requires a 10% profit target, the Lightning Challenge offers lower risk exposure while still granting access to up to a 90% profit split. Traders can request their first payout within 7 days of reaching the funded stage.
| Account Size | Fee | Profit Target (5%) | Daily Loss Limit (3%) | Max Drawdown (4%) |
|---|---|---|---|---|
| $10,000 | $59 | $500 | $300 | $400 |
| $25,000 | $119 | $1,250 | $750 | $1,000 |
| $50,000 | $209 | $2,500 | $1,500 | $2,000 |
| $100,000 | $399 | $5,000 | $3,000 | $4,000 |
The One Phase Challenge gives you a straightforward path to funding with a single-step evaluation.
You need to reach a 10% profit target while staying within a 3% daily loss limit and a 6% trailing drawdown. Unlike the Lightning Challenge, there’s no time limit, giving you full control over how you trade.
Once funded, you earn up to 90% profit split and can request your first payout on demand after your first live trade.
| Size | Fee | Profit Target (10%) | Daily Loss Limit (3%) | Max Trailing Drawdown (6%) |
|---|---|---|---|---|
| $5,000 | $59 | $500 | $150 | $300 |
| $10,000 | $89 | $1,000 | $300 | $600 |
| $15,000 | $119 | $1,500 | $450 | $900 |
| $25,000 | $199 | $2,500 | $750 | $1,500 |
| $50,000 | $379 | $5,000 | $1,500 | $3,000 |
| $100,000 | $549 | $10,000 | $3,000 | $6,000 |
| $200,000 | $1,049 | $20,000 | $6,000 | $12,000 |
| $400,000 | $2,950 | $40,000 | $12,000 | $24,000 |
The Two Phase Challenge is a structured evaluation that gives you two steps to prove consistency before reaching a funded account.
In Phase 1, you must hit a 10% profit target, and in Phase 2, you need to achieve 5%, all while staying within a 4% daily loss limit and a 10% trailing drawdown.
This challenge is ideal if you want more time to showcase steady growth rather than a single high-performance phase.
Once funded, you earn up to 90% profit split, and you can request your first payout on demand after your first live trade.
This challenge gives you more flexibility while ensuring you can sustain profits over time—a great option if you prefer a measured approach to securing funding.
| Account Size | Fee | Profit Target (Phase 1 - 10%) | Profit Target (Phase 2 - 5%) | Daily Loss Limit (4%) | Max Trailing Drawdown (10%) |
|---|---|---|---|---|---|
| $5,000 | $59 | $500 | $250 | $200 | $500 |
| $10,000 | $89 | $1,000 | $500 | $400 | $1,000 |
| $15,000 | $119 | $1,500 | $750 | $600 | $1,500 |
| $25,000 | $199 | $2,500 | $1,250 | $1,000 | $2,500 |
| $50,000 | $379 | $5,000 | $2,500 | $2,000 | $5,000 |
| $100,000 | $549 | $10,000 | $5,000 | $4,000 | $10,000 |
| $200,000 | $1,049 | $20,000 | $10,000 | $8,000 | $20,000 |
| $400,000 | $2,950 | $40,000 | $20,000 | $16,000 | $40,000 |
The Three Phase Challenge gives you a slower, lower-risk path to funding with three evaluation phases. You need to achieve a 5% profit target in each phase while staying within a 5% daily loss limit and a 10% static max drawdown.
This challenge is ideal if you prefer a more gradual evaluation process with lower targets per phase. Once funded, you earn up to 90% profit split, and you can request your first payout on demand after your first live trade.
| Account Size | Fee | Profit Target (Each Phase - 5%) | Daily Loss Limit (5%) | Max Drawdown (10%) |
|---|---|---|---|---|
| $5,000 | $39 | $250 | $250 | $500 |
| $10,000 | $59 | $500 | $500 | $1,000 |
| $15,000 | $79 | $750 | $750 | $1,500 |
| $25,000 | $149 | $1,250 | $1,250 | $2,500 |
| $50,000 | $249 | $2,500 | $2,500 | $5,000 |
| $100,000 | $399 | $5,000 | $5,000 | $10,000 |
| $200,000 | $799 | $10,000 | $10,000 | $20,000 |
| $400,000 | $1,599 | $20,000 | $20,000 | $40,000 |
FXIFY allows you to customize your account with optional add-ons that enhance your profit split, payout frequency, leverage, and account protection. These upgrades must be selected at checkout and cannot be added after reaching the funded stage.
These add-ons let you tailor your account to match your trading style, risk tolerance, and payout preferences.
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 Lightning Instant Funding option provide quick 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 gives you access to three major trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and DXTrade with TradingView integration, though availability depends on your challenge account type.
| Account Type | MT4 | MT5 | DXTrade |
|---|---|---|---|
| One Phase | ✔ | ✔ | ✔ |
| Two Phase | ✔ | ✔ | ✔ |
| Three Phase | ✔ | ✔ | ✔ |
| Instant Funding | ✘ | ✔ | ✔ |
| Lightning | ✘ | ✔ | ✘ |
Each platform offers unique features to match different trading styles, whether you rely on automation, advanced market analysis, or custom charting tools.
MetaTrader 4 (MT4) is a high-speed, automation-friendly trading platform built for forex and CFD traders.
It’s known for stability, fast execution, and extensive customization options, making it the go-to choice for traders using Expert Advisors (EAs) or manual strategies that require low-latency execution.
MT4 is available for One Phase, Two Phase, and Three Phase accounts.
MetaTrader 5 (MT5) builds on MT4’s capabilities with more advanced tools, additional order types, and multi-asset support.
It’s designed for traders who need deeper market insights, stock and crypto trading, and better risk management features.
MT5 is available for all account types, including Instant Funding and Lightning.
DXTrade, enhanced with TradingView integration, offers a modern, web-based trading experience with powerful charting and advanced analytics.
If you prefer customizable workspaces, built-in technical indicators, and seamless execution without software downloads, this platform is a strong choice.
DXTrade is available for One Phase, Two Phase, Three Phase, and Instant Funding accounts.
FXIFY enforces a clear set of rules to promote risk management and responsible trading across all account types.
FXIFY’s trading rules ensure a fair trading environment while giving you the flexibility to use your preferred strategies within risk limits.
Verdict on Trading Platforms
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 $2,950, 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 39,500 members, serves as a central hub for trader interaction, updates, and guidance.
With a great TrustPilot score of 4.1 out of 5 stars, FXIFY enjoys strong support from its community, with 77% 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 39,500 members and 1,500 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 70.3K followers on Instagram, 56K on Facebook, and 28.7K 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.
You can find the best FXIFY deals on PropFirms, where we offer exclusive promo codes like PROPFIRMS15 for 15% off all FXIFY challenges. You can read more about FXIFY discount codes to find the latest offers.
For even bigger savings, check out our full list of prop firm discount codes with deals of up to 25% off or a 120% refund on challenge fees.
Yes, FXIFY has a separate futures prop trading firm, detailed in our FXIFY Futures Review. This program offers funded futures accounts up to $150K, with a one-step evaluation, TradingView-based charts, and real-time CME data. Unlike FXIFY’s CFD-focused challenges, FXIFY Futures is tailored for traders looking to trade futures with transparent pricing and no time limits.
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 4.1 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 PropFirms, 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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