Overview
FXIFY is a relatively new proprietary trading firm, established in 2023 in the United Kingdom, specializing in Forex and offering a range of assets including Indices, Metals, Crypto, and Energy. What sets FXIFY apart is its flexible platform support, including MT4, MT5, DxTrade, and Match Trader, catering to various trader preferences. With a strong focus on trader convenience, FXIFY provides features like instant funding and bi-weekly payouts.
Challenge Structure & Pricing
FXIFY operates a 2-step challenge evaluation process, with a starting price of $250, which is competitive within the market. The firm offers flexibility with both 1-step and 2-step challenges available, accommodating different trader needs. However, some account tiers come with higher prices, and there are add-on fees for extra features, which might be a consideration for cost-sensitive traders.
Profit Split & Payouts
FXIFY offers an attractive profit split of up to 90%, which is on the higher end of the industry standard. The firm also boasts a bi-weekly payout frequency, ensuring traders receive their profits regularly. This frequent payout structure can be particularly appealing to traders who rely on consistent income from their trading activities.
Trading Conditions
FXIFY supports a variety of platforms, including MT4, MT5, DxTrade, and Match Trader, giving traders the freedom to choose their preferred trading environment. The firm offers a broad range of assets, including Forex, Indices, Metals, Crypto, and Energy, providing ample trading opportunities. With a maximum drawdown of 10%, traders need to be cautious with their risk management strategies to avoid hitting this limit.
Trust & Reputation
Despite being a newer firm, FXIFY has managed to build a strong reputation, as evidenced by its Trustpilot score of 4.4/5 from 5229 reviews. This suggests a high level of customer satisfaction, which is crucial for a proprietary trading firm. The firm's ability to maintain a positive reputation from a large number of reviews is a significant strength.
Who Is It Best For?
FXIFY is likely to appeal to traders who value flexibility in their trading platforms and appreciate the convenience of instant funding and regular payouts. Traders looking for a firm with a high potential profit split and a wide range of tradable assets will also find FXIFY attractive. However, cost-sensitive traders might need to weigh the benefits against the higher prices of some account tiers.
The Bottom Line
FXIFY presents itself as a competitive proprietary trading firm with its flexible platform options, high profit split, and regular payout schedule. While its newer status and higher prices on some tiers might be drawbacks, the firm's strong Trustpilot score and comprehensive trading conditions make it an attractive option for many traders. Overall, FXIFY is a solid choice for traders seeking a flexible and potentially lucrative trading environment.
This review was generated by AI based on publicly available data and may not reflect the most recent changes.
