FXIFY
PROP FIRM OVERVIEW:
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Key Highlights:
- Instant On-Demand Payouts
- Fast-Track to Funding with a 1-Phase Program
- Fully Customizable Trading Conditions
- Challenge Duration: No Time Limit
pros summary:
Revolutionary Payout System
Effortless Funding with Simple Rules
Build Your Perfect Account with Add-ons
Cons summary:
Best Features Locked Behind Extra Fees
Potentially Confusing Choices for Newcomers
A Newer Player with Less Track Record
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Firm Rules:
Key Fxify Rules and Trading Policies
A core part of this Fxify review is understanding the specific Fxify rules that apply to different accounts. This Fxify prop firm has a detailed framework to ensure fair and compliant trading.
General Trading and Account Rules
- Inactivity Rule: Your account will be breached if it remains inactive for 60 consecutive days.
- EA Usage: The use of Expert Advisors (EAs) is permitted but requires an in-depth review by the firm. You must provide details about your EA's strategy, timeframe, and whether it uses HFT or latency arbitrage.
- IP/Device Policy: While using different IPs and devices is allowed, multiple accounts using the same IP or Computer ID (CID) may trigger a review for potential account management violations.
- Prohibited Strategies: Fxify strictly prohibits exploitative strategies, including High-Frequency Trading (HFT), latency arbitrage, group hedging, and using "challenge pass" services. For a complete list, you can read more here.
Rules by Specific Program Type
One, Two & Three Phase Standard Programs
- Minimum Trading Days: A minimum of 5 trading days is required for both the evaluation and funded stages.
- News Trading: Allowed without any restrictions.
- EAs & Copy Trading: EAs are permitted. Copy trading is also allowed, but if you are copying trades into your Fxify account, you must first provide the master account's statement for approval.
- Weekend Holding: Allowed.
Two Phase - Classic (Static) Program
- Minimum Trading Days: A minimum of 4 trading days is required for both evaluation and funded stages.
- Consistency Rule (Funded): A 25% consistency score applies. Your single best day's profit cannot be more than 25% of your total profit during the payout period.
- News, EAs, Copy Trading & Weekend Holding: All are permitted, following the same guidelines as the Standard programs.
Instant Funding Program
- Minimum Trading Days: None.
- News Trading: Restricted. Executing any trades (including triggered SL/TP) is prohibited within a 5-minute window before and after high-impact news.
- EAs & Copy Trading: Both are strictly prohibited.
- Weekend Holding: Not allowed. All positions are automatically closed before the Friday market close.
Lightning Challenge
- Time Limit: You have 7 days to complete this challenge.
- Minimum Trading Days: A minimum of 3 trading days is required.
- Stop Loss Rule: A stop loss is mandatory on every trade. The first two trades without a stop loss are soft breaches; the third is a hard breach. An add-on is available to remove this rule.
- Consistency Rule: A 30% consistency score applies to both the evaluation and funded stages.
- News Trading: Restricted within the 5-minute window before and after high-impact news.
- EAs & Copy Trading: Both are strictly prohibited.
Start the Challenge Now
"For a quick comparison of these regulations with other firms, please see our main prop firm rules summary page."
Withdrawal Policy:
Fxify Payout, Profit Split, and Scaling Rules
This part of our Fxify review covers the specific Fxify rules for receiving your Fxify payout. This Fxify prop firm has a structured approach to rewarding its traders.
Payout Rules by Program Type
Standard Programs (One, Two & Three Phase)
- Profit Split: The default profit split is 80%, which can be increased to 90% with an add-on.
- Payout Frequency: Your first payout is available on-demand. Subsequent payouts are processed every 30 days, or every 14 days with a purchased add-on.
- Exception (2-Step Classic): This specific program does not offer an on-demand payout. It has a bi-weekly schedule for an 80% split or a monthly schedule for a 100% split.
Lightning Challenge & Instant Funding
- Profit Split: The standard profit split is 80%, with an optional add-on to increase it to 90%.
- Payout Frequency: For the Lightning challenge, the first payout is available after 7 days, with subsequent payouts processed bi-weekly. For Instant Funding, all payouts are processed bi-weekly.
General Withdrawal Conditions
- Minimum Withdrawal: A minimum of $50 is required for all account types.
- Processing Time: All payouts are processed within 3 business days.
- Special Payouts: For traders in Ukraine, payouts can be processed via Crypto (USDC/USDT). For traders in restricted U.S. states, payouts can be processed via bank wire.
Withdrawal Drawdown Lock-in Rule
For all account types with a trailing drawdown, requesting a withdrawal will cause the Max Drawdown to lock at your starting balance. This means the profit buffer you've built is reduced by the withdrawal amount, so withdrawing all profits can place your account at risk. For more details, you can read the official guides for 1 & 2 Phase Accounts, the Lightning Plan, and Instant Funding.
Account Scaling Plan
Fxify offers a scaling plan for most programs, excluding the Instant Funding and Lightning challenges. To qualify, you must meet the following criteria within a 3-month period:
- Achieve a 10% total profit.
- Ensure at least two of the three months were profitable.
Upon qualification, your account balance is increased by 25%. For future scaling events under the same conditions, the account balance will then double each time.
Consistency Rules :
Fxify Rules on Profit Consistency
As part of this Fxify review, it's important to understand the profit consistency rules that apply to different programs. These Fxify rules are in place to ensure steady performance before a Fxify payout is processed.
2-Step Classic Program
For this program, a 25% Daily Consistency Rule is applied. To be eligible for a payout, the profit from your single best trading day must be less than 25% of the total profit generated during that specific payout period.
Lightning Program
The Lightning program features a 30% Daily Consistency Rule that applies to both the evaluation and funded stages. This means that no single trading day can contribute more than 30% of your total generated profits.
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