Fxify Review 2025

Our Take on FXIFY

Launched in 2023, FXIFY has quickly gained global attention. Partnered with FXPIG and Alchemy Markets, it offers MetaTrader 4, MetaTrader 5, and DXtrade platforms.

Traders can access funding challenges up to $400K, scale up to $4 million, and earn up to a 90% profit split. With over $28 million paid to around 10,000 traders (as confirmed by Payout Junction), FXIFY has proven its payout consistency.

FXIFY offers five challenge types—Instant Funding, One-Phase, Two-Phase, Three-Phase, and Lightning—supporting all trading styles, including news, swing, day trading, EAs, copy trading, and manual strategies. You can trade 100+ instruments across forex, metals, stocks, indices, and crypto with leverage up to 1:50.

The pricing is competitive compared to the industry average: the $5K three-phase challenge starts at $39, while One-Phase and Two-Phase options begin at $59. Instant Funding starts at $69 for a $1K account, providing fast access to capital. 

In terms of funding efficiency, FXIFY offers solid value—up to $150 per dollar for One- and Two-Phase challenges, $239 for Three-Phase, and $26.60 for Instant Funding—making it a compelling option for traders looking to grow quickly without overspending.

Prop & Cons

Who Is FXIFY For?

FXIFY supports all fair trading styles and strategies, making it ideal for traders of all levels. The available trading styles include:

What Sets FXIFY Apart?

FXIFY stands out for its generous scaling plan, which allows traders to grow accounts up to $4 million by consistently hitting performance targets. Additionally, it supports diverse trading styles — from scalping and news trading to algorithmic and swing trading — with flexible rules, weekend holding, and copy trading options, giving traders unmatched freedom.

Trust

Background

Peter Brown and David Bhidey founded FXIFY in April 2023. The company is officially registered as a payment agent in the UK and holds a money broker license in Labuan, Malaysia, establishing a structured legal presence in both regions.

Trustpilot Rating

FXIFY has a 4.1 Trustpilot rating from around 3000 reviews, with 77% being five stars. It is praised for its transparency and trader-friendly policies. However, some traders express concerns over the 4% daily loss limit and the lack of swap-free accounts.

Transparency

Trading Rules Transparency

FXIFY maintains transparent trading rules, clearly defining profit targets, drawdown limits, and guidelines for news trading and EA usage. However, I also discovered some discrepancies:

• Restricted Strategies: Like most prop firms, FXIFY explicitly bans high-frequency trading, reverse hedging, group hedging, latency arbitrage, order book spamming, and herd trading. However, vague terms like “Improper Money Management” and “Gambling Behavior” in its rules create uncertainty, leaving traders unsure if strategies like martingale or grid trading are allowed.
• Consistency Rule: FXIFY enforces a 30% consistency rule in the Lightning Challenge, restricting traders’ flexibility. For example, on a $100K account with a $5,000 profit target, traders cannot exceed $1,500 (30% of the total target) in a single day’s profit, which may slow progress.
• Minimum Trading Days: FXIFY requires traders to trade for at least 5 days to complete the evaluation, which extends beyond the industry standard of 0 to 3 days and potentially delays challenge completion.
• Daily Drawdown: FXIFY imposes a 4% daily drawdown limit, which remains tighter than industry standards and may restrict risk-taking flexibility.

Payout Transparency

• Payout Junction confirms that FXIFY has paid more than $28 million to around 10,000 traders so far, showing consistent and timely payouts.
• With around 70,000 followers and 450 posts on its Instagram page, FXIFY actively showcases payout proofs, reinforcing transparency.
• The FXIFY Discord community actively shares payout proofs, with minimal complaints about withdrawals.

General Transparency

Website: The FXIFY website looks clean, professional, and easy to navigate, with clear challenges, rules, and FAQs. The terms and conditions and client agreement are easily accessible, ensuring transparency. While the FAQ search bar needs improvement as it does not filter FAQs properly, overall, the site delivers a trader-friendly experience with all key info upfront.

Social Media: FXIFY maintains an active social presence, boasting around 70,000 Instagram followers and over 450 posts that showcase payout proofs to promote transparency. Its Discord community regularly shares payout confirmations, reinforcing the firm’s credibility. However, LinkedIn shows a smaller presence with only 2,000 followers and a listed team size of 2-10 employees, raising questions about its operational scale.

Risk Management: Like most proprietary trading firms, FXIFY lacks regulation. However, it runs structured evaluation programs and enforces clear risk management rules. This setup helps create a balanced trading environment while ensuring the firm protects its capital. While the absence of regulation may concern some, FXIFY’s payout track record and engaged community help ease these worries.

Can I Trust FXIFY?

FXIFY has built a solid reputation for reliability. It has paid out over $28 million to nearly 10,000 traders, as confirmed by Payout Junction, and holds a 4.1 Trustpilot rating with 77% five-star reviews. While rules like the 30% consistency requirement and 4% daily drawdown limit may feel restrictive for some, the firm’s transparency, diverse funding options, and strong payout history make it a trustworthy choice for serious traders.

Challenges

FXIFY Challenges Overview

One-Phase Challenge

The One-Phase Challenge opens the door for traders with an entry point as low as $59 for a $5K account. It offers challenges up to $400K for $2,950 and the opportunity to scale up to $4 million. With a 10% profit target, 3% daily loss limit, and 6% max trailing drawdown, this challenge aligns with industry standards while keeping the experience straightforward and trader-friendly.

Requiring a minimum of 5 trading days, the challenge supports news trading, weekend holding, and EA functionality, giving swing traders, algorithmic traders, and day traders the freedom to trade their edge. It is a market-ready opportunity designed to empower traders with the tools and flexibility to achieve their financial goals.

Two-Phase Challenge

Two-Phase Challenge unlocks funding opportunities, starting at $59 for a $5K account and going up to $400K for $2,950, with the potential to scale up to $4 million. With a 10% profit target in Phase 1 (above the industry standard of 8%) and 5% in Phase 2, it offers a rewarding yet balanced challenge that requires a minimum of 5 trading days, a 4% daily drawdown (tighter than the 5% norm), and a 10% maximum trailing drawdown for robust risk management.

FXIFY supports news trading, weekend holding, and EA functionality, giving swing traders, algorithmic traders, and day traders the flexibility to trade their way. This challenge is designed to propel traders toward success while ensuring transparency and precision every step of the way.

Three-Phase Challenge

Three-Phase Challenge offers incredible trading opportunities starting at just $39 for a $5K account and $1,599 for a $400K account, with the potential to scale up to $4 million. The challenge parameters align with industry standards while keeping risk in check, featuring a 5% profit target across all three steps, along with a 5% daily drawdown and 5% maximum trailing drawdown. This challenge stands out as the most affordable option for new traders to prove their ability in the market.

Requiring a minimum of 5 trading days, the challenge supports news trading, weekend holding, and EA functionality, offering true versatility for various trading strategies. It empowers swing traders, algorithmic traders, and day traders with the freedom to trade their edge and seize every opportunity.

Instant Funding

Instant Funding Challenge is ideal for day traders seeking immediate access to funding, starting at $69 for a $1K account and scaling to 50K for $1,749. Featuring an 8% daily drawdown and an 8% maximum trailing drawdown, this challenge outperforms many industry standards, making it a prime option for traders who prefer to get funded quickly without going through multiple challenge phases.

Requiring a minimum of 3 trading days, the challenge is designed exclusively for manual day traders by restricting news trading, EA functionality, and weekend holding. This focused approach lets traders dive straight into their strategies and seize real-time opportunities, making it a perfect fit for those looking for a streamlined funding process.

Lightning Challenge

Lightning Challenge is a one-phase evaluation designed for quick funding. It has a smaller profit target—5%—alongside a 4% max trailing drawdown, 3% daily drawdown, and a strict 30% consistency rule (for example, on a $100K account, no single day’s profit can exceed $1,500). Stop losses are mandatory, and EAs are not allowed, ensuring disciplined risk management.

Ideal for swing and day traders holding positions overnight and over weekends, this challenge requires trading within a minimum of 3 days and a maximum of 7 days. Funding ranges from $10K accounts starting at $59 to $100K accounts for $399, offering benefits similar to the One-Phase Challenge with a clear focus on consistency and risk discipline.

FXIFY Challenges: My Key Takeaways

FXIFY offers five challenge types, including up to a three-step evaluation, with fees starting at just $39, making it one of the most affordable options on the market. There are no restrictions on EAs, overnight holding, or trading news, so it is perfect for scalping, day trading, swing trading, and algorithmic strategies.

For traders who prefer to skip the evaluation, FXIFY provides Instant Funding starting at just $69, allowing for immediate access to capital. The Lightning Challenge includes a consistency rule, making it a great choice for those who want a structured approach while keeping the process fast and rewarding.

In my opinion, FXIFY delivers flexibility, accessibility, and real funding opportunities, making it one of the best choices for traders looking to scale up.

Price

FXIFY gives traders the freedom to choose their path with flexible funding challenges. Smaller accounts ($1K–$2.5K) are only available through Instant Funding, while $5K–$25K accounts offer multiple evaluation options. The Three-Phase model is the most cost-effective, while Instant Funding provides immediate access for a premium.

Higher account sizes ($50K–$400K) come with increased costs but also greater earning potential. One-Phase and Two-Phase challenges share the same pricing, offering a structured approach. Lightning Funding is tailored for mid-tier traders, available from $10K to $50K, striking a balance between speed and affordability.

FXIFY’s pricing structure balances affordability with risk. Want a low-cost challenge? Go Three-Phase. Prefer to skip straight to trading? Instant Funding is your play. For the biggest accounts, skill matters—evaluation is a must before unlocking top-tier capital.

How We Assess The Competitiveness of the Firm’s Costs?

To determine whether a prop firm’s challenge is affordable or expensive, we calculate the Average Funding Per Dollar across one-step, two-step, and three-step challenges.

The formula is:

Average Funding Per Dollar = Total Funded Account Balance / Total Program Prices

This metric shows how much trading capital a trader receives for each dollar of the entry fee, allowing for a more objective comparison between firms. It helps traders evaluate the value of their investment by highlighting the relationship between the challenge cost and the capital offered.

A higher ratio indicates that more capital is provided per dollar spent, making the challenge more cost-effective.

Example:

• Funded Account Balance: $100,000
• Program Price: $1,000

Average Funding Per Dollar = $100,000 / $1,000 = $100

This means for every $1 paid, you get $100 in capital. The higher this number, the better the value.

This calculation helps compare different prop firms’ value-for-money offerings by showing how much capital a trader can access relative to their initial investment.

FXIFY Cost Effectiveness

FXIFY’s One-Phase and Two-Phase challenges offer up to $150 per dollar spent, while the Three-Phase provides $239. The One-Step and Three-Step models align with the industry average, whereas the Two-Step model lags slightly. Instant Funding averages $26.60 per dollar, providing a quick start for traders looking to scale.”

Refund Policies

FXIFY refunds the full challenge fee with the first withdrawal for all types of challenges except for Instant funding.

Are FXIFY Costs Competitive?

FXIFY delivers reasonable value in terms of cost efficiency. One-Phase and Two-Phase challenges offer up to $150 per dollar spent, while the Three-Phase goes up to $239. Based on my evaluation, the One-Step and Three-Step models align with industry averages, whereas the Two-Step falls slightly below. Instant Funding averages $26.60 per dollar, offering a fast entry point for traders ready to scale.

Trading Conditions

Accounts

FXIFY offers two account types with competitive trading conditions:

• All-In Account: Commission-free, except for stock CFDs, which have a 0.35% round-turn fee.
• Raw Spreads Account: Charges $6 per lot for forex, indices, and metals, providing ultra-tight spreads. Ideal for day traders and scalpers seeking raw pricing.

Trading Platforms and Tools

FXIFY offers the following MetaTrader 4, MetaTrader 5, and DXtrade platforms.

MetaTrader 4 & MetaTrader 5

MT4 and MT5 are conventional, most trusted, and powerful trading platforms with advanced charting, technical analysis, and algorithmic trading.

MT4 offers 4 order types, 30+ indicators, and hedging, making it ideal for forex traders. MT5 supports 6 order types, multi-asset trading, around 40 indicators, depth of market (DOM), and a built-in economic calendar. MT5 also provides faster execution, enhanced strategy testing, and more flexibility for advanced traders.

DXtrade

DXtrade is a user-friendly, multi-asset platform offering advanced risk management, real-time market data, and customizable layouts. It supports forex, stocks, indices, commodities, and crypto, with built-in charting tools and a variety of order types. While FXIFY doesn’t allow Expert Advisors (EAs) on DXtrade, it’s still a solid choice for manual traders.

Leverage

FXIFY offers maximum leverage up to 1:50, which is low compared to the industry average.

Scaling Plan

Traders can scale up to $4 million through FXIFY’s scaling plan, allowing ambitious traders the opportunity to grow their capital significantly.

Trading Fees

Trading fees include spreads, commissions, and swaps, all of which impact overall costs. FXIFY keeps its pricing transparent and competitive, ensuring traders get fair and efficient execution.

The All-In Account offers zero commissions with spread-based pricing, while the Raw Spreads Account provides ultra-tight spreads with a commission per lot. Below is a detailed comparison of spreads, commissions, and overall costs across different instruments for a clear breakdown.

Spreads

The spread is the difference between the bid and ask price for any instrument. The table below highlights the spreads for key instruments and compares them to the industry average, giving you a clear view of FXIFY’s competitive spreads.

FXIFY delivers tight spreads, giving traders a real edge in the market. EURUSD comes in at 0.4 pips on Raw and 1 pip on All-In, slightly above the industry average but still competitive.

Other key pairs shine—GBPJPY (1.7 — 1.9 pips) beats industry standards, while Gold (XAUUSD) at 25 — 30 pips remains impressively tight. Even US30 (16–23 pips) holds its ground, ensuring traders get fair pricing and top-tier execution across the board.

Commissions

Trading on Raw Spreads Accounts comes with a commission fee, which covers the broker’s cost for executing trades and providing liquidity. The table below compares FXIFY’s commission fees with the industry average.

FXIFY’s commissions are slightly above the industry standard but remain competitive. Traders are charged $6 per lot on forex pairs (e.g., EURUSD), indices (e.g., US30), crypto (e.g., BTCUSD), and metals (e.g., XAUUSD). For shares, the commission is 0.35% per round turn.

Swap Fees

FXIFY does not offer swap-free accounts, and swap fees vary by instrument. While they don’t impact day traders or scalpers, swing traders must pay swaps when holding positions overnight or over the weekend.

Since swaps depend on interest rate differences and don’t apply to short-term trades, we won’t factor them into our overall trading fee calculations.

Overall Trading Fees

Overall, FXIFY’s trading fees are highly competitive, as shown in the table below.

While EURUSD fees are slightly higher at $10 per lot, other instruments offer better-than-average pricing, making FXIFY a strong choice for cost-conscious traders.

Trading Fees: My Key Takeaways

My testing confirms that FXIFY’s trading fees align with industry average, offering $6 per lot commissions and raw spreads for competitive pricing. The Raw Spreads Account delivers transparent and cost-effective pricing overall.

Although the EURUSD spread at 0.40 pips is slightly higher than the market average, it is still ideal for scalping and day trading due to the low commission and tight execution. Other instruments like GBPJPY (1.7 pips), XAUUSD (25 pips), and US30 (16 pips) offer better-than-average spreads, making them well-suited for swing trading. FXIFY also stays competitive in stocks, charging a 0.35% round-turn fee.

Tradable Instruments

FXIFY offers a diverse range of over 100 tradable instruments, making it one of the few prop firms with such an extensive selection.

With this rare combination of assets, FXIFY stands out as a top choice for traders seeking variety and flexibility.

FXIFY takes multi-asset trading to the next level, offering over 100 tradable instruments—far surpassing the industry standard. From major and exotic forex pairs to stocks, cryptocurrencies, and precious metals like Platinum and Palladium, traders gain access to a world of opportunities. Whether you’re looking to diversify your portfolio or capitalize on market movements, FXIFY provides the ultimate flexibility to trade across multiple asset classes. With such a vast selection, FXIFY stands out as a leading prop firm for traders seeking dynamic market exposure.

Consistency Rule

FXIFY enforces a 30% consistency rule on the Lightning challenge, which can limit traders’ flexibility. For example, on a $100K account with a $5,000 profit target, no single day’s profit can exceed $1,500 (30% of the total target), potentially slowing progress.

Prohibited Trading Styles

Funded Account

Once you pass the challenge, you receive a funded account with the following features based on account types.

Even in the funded stage, FXIFY keeps its rules consistent, unlike some prop firms that impose new restrictions. News trading, EA usage, and weekend holding remain fully allowed, ensuring traders maintain the same flexibility as in the evaluation phase. Additionally, leverage, daily drawdown, and overall drawdown limits stay unchanged, giving traders a seamless transition from challenge to funded trading without unexpected limitations.

Scaling Plan

Traders must achieve a 10% return within the first three months, with at least two profitable months, to qualify for a 25% account scaling. Future scaling occurs every three months under the same conditions, doubling the account balance each time. Holders of all account types can qualify for scaling, except those with Instant accounts.

Islamic (Swap-free) Account

FXIFY does not currently offer swap-free accounts, also known as Islamic accounts or interest-free accounts. In swap-free accounts, traders are not charged overnight swap fees for holding positions beyond a trading day, making them compliant with Islamic finance principles.

Demo Account

FXIFY doesn’t offer demo accounts for its challenges or instant funding, so traders can’t practice before committing.

Inactivity

A funded FXIFY account will be breached if inactive for 60 days, with no option for recovery.

Payouts

Payout Rules

Bonuses and Promotions

Currently, FXIFY does not offer any bonuses and promotions on its website.

Support

Customer Support Channels

Customer Support Test

FXIFY offers reliable, well-staffed support. I tested the live chat, which, despite being listed as 24/5, was also available on weekends. The assistance was helpful, and while responses were occasionally a bit delayed, the team was knowledgeable and professional.

Education

FXIFY offers valuable educational content through its YouTube channel, featuring trading tips and platform insights. Its blog includes tutorials and industry updates, while the newsletter keeps traders informed about the latest challenges, platforms, and programs.

The Bottom Line

Founded in 2023, FXIFY offers various challenge types and over 100 tradable instruments across MetaTrader 4, MetaTrader 5, and DXtrade.

The firm provides clear trading rules, up to 90% profit splits, fast withdrawals, and reasonable pricing across all account types.

In my opinion, FXIFY is ideal for traders seeking scaling potential and flexibility in their trading strategies, as it caters to a wide range of approaches, including swing, scalping, news trading, and algorithmic trading.

However, the capped 1:50 leverage and lack of swap-free accounts may be limiting for some traders.

FAQ