FXIFY
Well... what do we know about FXIFY so far? Launched in 2022, no payout complaints in our community (yet) and a Trustpilot that doesn't require a magnifying glass to find the good reviews. Boring in the best possible way.
(28% of complaints)
Who Is This Firm For?
About FXIFY
In prop trading years, that's still relatively young.
In terms of how they've positioned themselves — they've moved fast.
Bobby Winters runs the show as CEO.
The firm has a Trust score of 4.6/5 on our platform, 4.4 on TrustPilot, and a Hidden Rules Meter of 1.7/10 — which in this industry, it's about as clean as it gets.
Not perfect.
But transparent enough that you won't be surprised by page 7 of the terms and conditions.
- Founded
- 2023
- Max Allocation
- $400,000
- Leverage
- 1:100
- Commissions
- $3/lot
Pros
- - One of the most transparent prop firms in the industry — rules clearly documented per account type before purchase
- - Performance Protect feature — safety net that protects funded traders from losing account on a single drawdown breach
- - Multiple account models covering most trading styles — One Phase, Two Phase, Three Phase, Lightning, Instant
- - Copy trading from verified external accounts allowed — submit 1 month of trading history in HTML format
- - 60-day inactivity window — double the industry standard of 30 days
- - News trading fully allowed on all evaluation and standard funded models
Cons
- - EA pre-approval required — submit description, timeframe, holding time, pairs and HFT declaration before trading
- - EAs prohibited on Instant and Lightning accounts entirely
- - Instant accounts: no weekend holding and news trading restricted 5 minutes before/after high-impact events
- - Lightning Challenge: mandatory stop loss, 30% consistency rule and 7-day time limit — stricter than all other models
- - Multiple accounts sharing same device ID may trigger review — households with two traders need to be careful
Execution beats my broker
Tried the challenge three times before passing, so I know it well. The trailing drawdown is calculated the way most traders expect. Good work overall and I hope other firms learn from their example.— Verified Trader (viktor s.) See all reviews
Before you start trading, confirm which account model you're on — Instant, Lightning, and evaluation models have meaningfully different rules on news trading, weekend holding, and EAs. If you use an EA, contact support before your first trade. Performance Protect is worth understanding before you get close to your drawdown limit.
Trading Conditions
Drawdown System
- Drawdown parameters vary by account model — check specific program before purchasing
- Performance Protect: safety feature protecting funded accounts from breach on single drawdown event
- Instant accounts: positions auto-close before Friday market close — no weekend holding
- 60-day inactivity: account breach, no warnings
- Lightning Challenge: 7-day limit, minimum 5 trading days required
High-Frequency & Fast Trading
- Not Allowed:
- HFT
- Latency arbitrage
- Statistical arbitrage
- Order book spamming
- Herd trading
- Reverse hedging
- Group hedging
- EAs on Instant and Lightning accounts
- EAs on MT5 evaluation accounts without prior support approval
Low Liquidity & Timing
- One Phase, Two Phase, Three Phase: news trading fully allowed — no window restriction
- Instant Standard and Instant Lite: no trading 5 minutes before/after high-impact news — profits in window do not count
- Lightning Challenge: same 5-minute news window restriction applies
- Weekend holding: allowed on One Phase, Two Phase, Three Phase — prohibited on Instant accounts
- Lightning Challenge: stop loss mandatory on every trade — first two without SL are soft breach, third is hard breach
Loss-Chasing & Gambling
- Not Allowed:
- YOLO strategies — explicitly mentioned in T&C
- Impulsive and emotional trading
- Gambling behavior of any kind
- Account management — trading another person's account
- Lightning Challenge: one day's profit cannot exceed 30% of total profit (consistency rule)
Risk Management
- Multiple accounts sharing same IP: may trigger review
- Multiple accounts sharing same CID (computer ID): raises compliance concerns
- Copy trading from external accounts: minimum 1 month of verified trading history in HTML format required
- EA pre-approval: must submit EA description, timeframe, average holding time, pairs, TP in pips, HFT and latency arbitrage declaration
- Third-party copy trading: strictly prohibited
FXIFY – Trading Conditions
FXIFY keeps things relatively straightforward. The rules are clear, the structure is consistent, and most of what you need to know is actually written where you can find it.
Which, in this industry, is surprising.
Prohibited Strategies
Let's start with what they don't want to see. The list is long, but reasonable:
-
HFT
-
Reverse Hedging
-
Group Hedging
-
Account Management
-
Latency Arbitrage
-
Order Book Spamming
-
Herd Trading
-
Statistical Arbitrage
- Gambling Behavior — YOLO strategies, impulsive/emotional trading
They actually wrote YOLO in their terms and conditions. Which means enough traders tried it to make it worth mentioning. Respect the honesty, if nothing else.
IP & Device Policy
- Different IPs and devices → completely fine
- Multiple accounts sharing the same IP → may trigger a review
- Multiple accounts sharing the same CID (computer ID) → raises concerns
You can trade from your laptop, your desktop & your holiday villa. Just make sure nobody else is trading your account from the same machine. FXIFY checks the computer ID. The computer always talks.
Weekend Holding
- One Phase, Two Phase, Three Phase → Allowed
- Instant accounts → Not allowed. Positions close automatically before Friday market close.
So yes, you can hold over the weekend. Just not on the account type that doesn't let you hold over the weekend. Read the label before you open the box.
Performance Protect
FXIFY has a feature called Performance Protect — designed to protect funded traders from losing their account due to a drawdown breach.
It's a safety net most firms don't offer. Details HERE
Copy Trading
- Between your own FXIFY accounts → Allowed
- From external accounts into FXIFY → Allowed, but you must provide at least 1 month of trading history in HTML format showing your name
- From third parties → Prohibited
You can copy yourself. You can copy your own verified track record. You cannot copy your friend who "definitely has a system."
Expert Advisors (EAs)
This one requires attention because it's not a simple yes or no.
-
One Phase, Two Phase, Three Phase (MT5) → Allowed, but requires pre-approval from support. You'll need to submit:
- EA description
- Timeframe it trades on
- Average holding time
- Trading pairs used
- Take profit target in pips
- Whether it uses HFT: Yes/No
- Whether it involves Latency Arbitrage: Yes/No
On:
- Instant accounts → Prohibited entirely
- Lightning Challenge → Also prohibited
So EA's are welcome at FXIFY. They just want to meet it first.
Think of it as bringing a plus-one to a party — technically allowed, but you should probably mention it in advance.
Inactivity Rule
60 days without a trade → account breach. No warnings. No gentle nudges.
To be fair — 60 days is generous. If you haven't touched your funded account in two months, the market probably wasn't the problem.
Lightning Challenge — Special Rules
This one runs differently from everything else:
- 7-day time limit, 5 trading days
- Stop loss mandatory — first two trades without one are a soft breach, third is a hard breach
- 30% consistency rule — one day's profit can't exceed 30% of total profit
So if you have one exceptional day and then do nothing — that exceptional day might not count the way you think it does. Consistency isn't just a virtue here. It's a contractual requirement. This only applies to Lightning Challenges
News Trading
Depends on which account you're on.
- One Phase, Two Phase, Three Phase → fully allowed, no restrictions
- Instant Standard & Instant Lite → restricted 5 minutes before and after high-impact news
- Lightning Challenge → same 5-minute window restriction
The nuance: holding through the news is fine. It's the clicking during the chaos that they'd rather you didn't do. Any profits made inside that 10-minute window simply don't count. Most companies treat this as a hard-breach and close down your account.
Final Take
FXIFY is one of the more transparent firms in the space. Rules are accessible, structure is logical, and the differences between account types are clearly documented — which is rarer than it should be.
The variety of account types means there's something for most trading styles. It also means you should spend five minutes figuring out which account you're actually on before you start trading.
Not because they're hiding anything. Just because "Instant Lite" and "Two Phase Classic" live by different rules. And knowing which game you're playing is generally... a good start.
Features & Support
One Phase Assesment
Step 1 10.0%
Step 2 N/A
Three Phase Assesment
Step 1 5.0%
Step 2 5.0%
One Phase Assesment
Step 1 10.0%
Step 2 N/A
Three Phase Assesment
Step 1 5.0%
Step 2 5.0%
One Phase Assesment
Step 1 10.0%
Step 2 N/A
Two Phase Assesment
Step 1 5.0%
Step 2 10.0%
Three Phase Assesment
Step 1 5.0%
Step 2 5.0%
Instant
Step 1 0.0%
Step 2 0.0%
Lightning
Step 1 5.0%
Step 2 N/A
Instant
Step 1 5.0%
Step 2 5.0%
One Phase Assesment
Step 1 10.0%
Step 2 N/A
Two Phase Assesment
Step 1 5.0%
Step 2 10.0%
Three Phase Assesment
Step 1 5.0%
Step 2 5.0%
Instant
Step 1 5.0%
Step 2 5.0%
Lightning
Step 1 5.0%
Step 2 N/A
One Phase Assesment
Step 1 10.0%
Step 2 N/A
Two Phase Assesment
Step 1 5.0%
Step 2 10.0%
Three Phase Assesment
Step 1 5.0%
Step 2 5.0%
Instant
Step 1 5.0%
Step 2 5.0%
Lightning
Step 1 5.0%
Step 2 N/A
Two Phase Assesment
Step 1 5.0%
Step 2 10.0%
Three Phase Assesment
Step 1 5.0%
Step 2 5.0%
One Phase Assesment
Step 1 10.0%
Step 2 N/A
One Phase Assesment
Step 1 10.0%
Step 2 N/A
Two Phase Assesment
Step 1 5.0%
Step 2 10.0%
Three Phase Assesment
Step 1 5.0%
Step 2 5.0%
Instant
Step 1 5.0%
Step 2 5.0%
Lightning
Step 1 5.0%
Step 2 N/A
One Phase Assesment
Step 1 10.0%
Step 2 N/A
Two Phase Assesment
Step 1 5.0%
Step 2 10.0%
Three Phase Assesment
Step 1 5.0%
Step 2 5.0%
Instant
Step 1 5.0%
Step 2 5.0%
Instant
Step 1 5.0%
Step 2 5.0%
Instant
Step 1 5.0%
Step 2 5.0%
Nice website user interface
I haven't really used this firm but from the professionalism on their site user interface is topnotch.
better than my last firm
Jumped in during a 30% off promo, figured worst case i learn something. support gave me a straight answer about overnight holds instead of dodging the question. the onboarding walkthrough actually explained the rules instead of dumping a pdf on me. partial closes and trailing stops both worked exactly like they should. overnight swaps are charged but they are upfront about the numbers. i scaled twice and each bump was a real size jump not some token gesture. happy to keep them as my main while i test others on the side.
Pleasantly Surprised Tbh
Signed up mostly to test their platform before committing real focus. the mobile app stays synced with desktop so i can check positions on the go without lag. you can request a payout any day once youre funded, no waiting for some fixed cycle. their reset option after a breach is cheaper than buying a whole new eval. platform was stable the whole time, no random disconnects during news. passed first try, paid first request, recommending without a second thought.
great until withdrawal day
Been trading prop for like two years so i have some basis for comparison. the consistency requirement kept me disciplined but also kept me small. the rules pdf is thorough but it really needs a summary at the top. good spreads on forex, indices are wider than i expected. the payout came through but a week later than the window they advertise. cautious three stars, they have work to do.
would sign up again
Picked these guys mostly because of teh discount code floating around. payouts are biweekly on funded accounts which is way better than the monthly firms. kyc was painless, uploaded my id and got verified the same afternoon. idk but the challenge rules are strict but at least they are written in plain english for once. withdrawl was instant and the support guy was actually friendly.
rules are fair tbh
only tried them because a friend got a referral bonus. i got a small payout bonus for hitting a milestone which was unexpected. i passed phase two and the payout eligibility kicked in exactly when they said it would. i traded indices mostly and the spreads on those were perfectly fine. the consistency rule is generous compared to the firms that cap you hard. fees are reasonable for what you get and the retake discount softens the blow. recommend with the usual caveat that you have to actually read the rules.
solid all rounder
Wanted a firm with a platform i already knew how to use. teh withdrawl request i submitted on a tuesday was sitting in my bank by thursday morning. bro the leverage is sensible, enough to work with but not enough to wreck yourself by accident. honestly the rules made my retail trading better too, forced discipline and all that. i was funded the same day i passed, no waiting around for a manual review for a week. two thumbs up, payout landed before the email even did.
fair enough
Needed a new firm after my last one shut down. the ui looks like it was designed in 2014 but functionally everything works. verification cleared but they asked me to re record the video once. decent execution most of the time, a few requotes during high impact news. half the rules are fine, the other half feel like they were written to trip you up. customer support resolved it but only after escalating past the first agent. proceed, but screenshot everything and save every support email.
they actually pay
jumped in during a discount they were running over the holidays. the weekly market recap they send is actually worth reading. their content creators seem to actually trade the product instead of just reading scripts. reset on a blown challenge was free which saved me from buying a whole new account. i held positions over the weekend a bunch of times and never got penalised. getting verified for a payout needed an id and a selfie, standard stuff, painless. a year of payouts later and i still have nothing bad to say.
solid platform, no surprises
Rolled the dice on these guys after my last firm jacked up their fees. my market orders fill basically where i click … slippage has been almost nothing so far. i moved up an account tier and the upgrade process took all of five minutes. i hit up support on a saturday night fully expecting silence and someone replied in maybe ten minutes.
No payout data available for FXIFY yet.
