FXIFY Review (15% Discount Code: FOREXPROPREVIEWS)
FXIFY is a firm that identifies skilled traders by assessing their discipline, focus, and consistent risk management in the financial markets. Traders undergo evaluation through one of three funding programs: two-step, one-step, or three-step. Successfully completing the evaluation qualifies traders to earn profit splits.
Pros
- Excellent Trustpilot Rating of 4.3/5
- Supporting Clients Located Within The United States
- Three Unique Funding Programs
- Multiple Add-on Features
- Professional Trader Dashboard
- A Large Variety of Trading Instruments (Forex Pairs, Commodities, Indices, Stocks, Cryptocurrencies)
- No Maximum Trading Period
- Scaling Plan
- First Payout On Demand
- Bi-weekly Payouts with Add-on
- Profit Share of 80% up to 90%
- Overnight & Weekend Holding Allowed
- News Trading Allowed
- Balance-based Drawdown
- Available Raw Account Types
Cons
- Minimum Trading Day Requirements of 5 Days
- Monthly Payout Cycles (Decreased to Bi-weekly with Add-on)
- Trailing Drawdown on One-phase Evaluation
- Low 5% Maximum Loss Rule on Three-phase Evaluation
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.
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.
Payment Proof
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.
Conclusion
In conclusion, FXIFY is a reputable and trustworthy proprietary trading firm providing traders with an opportunity to choose between three funding programs: the Two-phase Evaluation, which is a two-step evaluation, the One-phase Evaluation, which is a one-step evaluation, and the Three-phase Evaluation, which is a three-step evaluation.
FXIFY’s Two-phase Evaluation is an industry-standard two-step evaluation that requires the completion of two phases before becoming eligible to manage a funded account and earn 80% up to 90% profit splits. Traders must reach profit targets of 10% in phase one and 5% in phase two to become successfully funded. These are realistic trading objectives, considering you have a 4% maximum daily and 10% maximum trailing loss rules to follow. Regarding time limitations, you 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. Finally, it’s essential to note that the Two-phase Evaluation features a scaling plan, providing you with the opportunity to increase your initial account balance.
FXIFY’s One-phase Evaluation is a one-step evaluation that requires the completion of a single phase before becoming eligible to manage a funded account and earn 80% up to 90% profit splits. Traders must reach a profit target of 10% to become successfully funded. These are realistic trading objectives, considering you have a 3% maximum daily and 6% maximum trailing loss rules to follow. Regarding time limitations, you 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. Finally, it’s essential to note that the One-phase Evaluation features a scaling plan, providing you with the opportunity to increase your initial account balance.
FXIFY’s Three-phase Evaluation is a three-step evaluation that requires the completion of three phases before becoming eligible to manage a funded account and earn 80% up to 90% profit splits. Traders must reach profit targets of 5% in phase one, 5% in phase two, and 5% in phase three to become successfully funded. These are realistic trading objectives, considering you have a 5% maximum daily and 5% maximum loss rules to follow. Regarding time limitations, you have no maximum trading day requirements during each evaluation phase. However, you are required to trade for a minimum of 5 calendar days in each evaluation phase. Finally, it’s essential to note that the Three-phase Evaluation features a scaling plan, providing you with the opportunity to increase your initial account balance.
I would recommend FXIFY to individuals seeking a reputable proprietary trading firm that provides exceptional trading conditions catering to a diverse range of individuals with unique trading styles. They provide traders with unique features, such as an unlimited trading period, first withdrawal on-demand, numerous add-on features, and raw spread accounts. After considering everything FXIFY has to offer to traders all across the globe, they can undoubtedly be regarded as one of the industry-leading prop firms.