At a Glance · Who Should Use FXIFY? · Pros & Cons · How We Tested · Is FXIFY Safe? · Challenge Types & Pricing · Trading Rules & Drawdown · Profit Split & Payouts · Trading Platforms · Instruments & Leverage · Scaling Plan · FXIFY for ICT Traders · FXIFY vs Competitors · User Reviews · Final Verdict · FAQs
FXIFY has positioned itself as one of the most flexible prop trading firms in the industry, offering five distinct funding programs ranging from a $5,000 starter account to $400,000 in simulated capital. I spent several weeks testing their challenge process, evaluating execution quality through FXPIG, and comparing their rule set against FTMO, FundedNext, and The5ers. My verdict: FXIFY earns a strong 8.2/10, with particular strengths in strategy flexibility, platform choice, and their unique add-on system. Here is every detail you need before spending money on a challenge.
FXIFY at a Glance
| Detail | FXIFY |
|---|---|
| Founded | 2023 (UK-based) |
| Backed By | FXPIG (broker since 2016) |
| Account Sizes | $5,000 to $400,000 |
| Max Profit Split | Up to 90% (add-on) |
| Challenge Types | 1-Phase, 2-Phase, 3-Phase, Lightning, Instant Funding |
| Platforms | MT4, MT5, DXtrade, TradingView |
| Instruments | 300+ (Forex, Indices, Crypto, Commodities, Stocks) |
| Scaling Cap | Up to $4,000,000 |
| Challenge Fees | $39 to $2,950 (refundable on first payout) |
| Trustpilot | 4.3/5.0 (5,400+ reviews) |
| Payouts | $30M+ verified via Payout Junction |
| Our Rating | 8.2 / 10 |
Last updated and verified: April 6, 2026
Who Should Use FXIFY?
Not every prop firm suits every trader. FXIFY’s strength is flexibility, but that flexibility comes with trade-offs. Here is who benefits most, and who should look elsewhere.
| Trader Type | Verdict | Why |
|---|---|---|
| EA / Algo Traders | ✅ Excellent | EAs, grid, martingale, copy trading all permitted |
| ICT / SMC Traders | ✅ Strong | No time limits on evaluation, news trading allowed, weekend holds permitted |
| Swing Traders | ✅ Good | Weekend holding allowed, no stop-loss requirement |
| Budget Beginners | ⚠️ Mixed | 3-Phase from $59, but limited education. No hand-holding. |
| US-Based Traders | ✅ Available | US clients accepted. Separate FXIFY Futures program also available. |
| Crypto-Focused | ✅ Strong | 80+ crypto pairs available, more than most prop firms |
FXIFY Pros and Cons
| ✅ Pros | ❌ Cons |
|---|---|
| 5 distinct challenge types for every trading style | Add-ons for 90% split and bi-weekly payouts cost extra |
| Broker-backed through FXPIG (raw spreads from 0.0 pips) | Trailing drawdown on 1-Phase, Lightning, and Instant accounts |
| EAs, martingale, grid trading, and news trading all allowed | Limited educational resources compared to FTMO |
| 300+ instruments including 80+ crypto pairs | History of rule changes (added trailing drawdown, consistency rules) |
| MT4, MT5, DXtrade, and TradingView integration | Rise is the sole payout processor (no alternatives) |
| Challenge fee refunded with first payout (1, 2, 3-Phase) | No EAs on Lightning or Instant Funding accounts |
| Scaling up to $4,000,000 | KYC required through both FXIFY and Rise |
| First payout on demand after first funded trade | Founded 2023, shorter track record than FTMO |
| No mandatory stop-loss requirement | Support quality can be inconsistent during peak periods |
How We Tested FXIFY
I purchased a 2-Phase challenge account and traded it using my standard ICT methodology over a three-week period. I tested execution speed through FXPIG during London and New York Kill Zones, evaluated spread consistency on Gold and EUR/USD, tested the dashboard analytics, contacted support via live chat, and compared the full add-on pricing against base costs at every account tier. I also reviewed 200+ Trustpilot reviews focusing on payout speed, rule disputes, and execution complaints. This review reflects first-hand experience, not marketing copy.
Is FXIFY Safe? Is FXIFY Legit?
This is the question I hear most. FXIFY is not a regulated broker. It is a proprietary trading firm, and prop firms generally operate outside traditional financial regulation. That said, there are meaningful trust signals worth evaluating.
FXIFY was co-founded by Peter Brown and David Bhidey, both with backgrounds in e-commerce and trading. The company operates through FXIFY Markets Ltd, licensed as a money broker in Labuan, Malaysia (Licence No. MB/22/0097). Payment processing runs through FXIFY Solutions Limited, a UK-registered company. All trading infrastructure sits with FXPIG, an established broker since 2016.
| Trust Signal | Detail | Assessment |
|---|---|---|
| Trustpilot Rating | 4.3/5.0 from 5,400+ reviews | ✅ Strong |
| Verified Payouts | $30M+ via Payout Junction, 11K+ transactions | ✅ Strong |
| Broker Partner | FXPIG (established 2016, raw-spread STP) | ✅ Good |
| Regulatory Status | Labuan money broker licence (not Tier 1) | ⚠️ Adequate |
| Operating History | Founded 2023 (3 years) | ⚠️ Short |
| Rule Stability | Changed drawdown type and added consistency rules in 2024 | ⚠️ Concerning |
Bottom line: FXIFY is a legitimate prop firm with verified payouts and a broker-backed infrastructure. The main risk is counterparty risk, as with any unregulated prop firm. The 2024 rule changes are a yellow flag, not a red one, but they highlight the importance of reading terms carefully before purchasing a challenge.
FXIFY Challenge Types and Pricing (2026)
FXIFY offers five distinct funding programs. This is one of their biggest competitive advantages, as most prop firms offer only one or two paths. Here is the complete pricing breakdown for every program and account size.
| Account Size | 1-Phase | 2-Phase | 3-Phase | Lightning | Instant |
|---|---|---|---|---|---|
| $5,000 | $59 | $39 | $39 | – | – |
| $10,000 | $99 | $75 | $59 | $99 | $69 |
| $50,000 | $175 | $175 | $149 | $325 | $325 |
| $100,000 | $325 | $325 | $249 | $475 | $475 |
| $200,000 | $999 | $999 | $799 | – | – |
| $400,000 | $1,999 | $1,999 | $1,599 | – | – |
Prices shown at base rates. Add-ons (90% profit split, bi-weekly payouts, increased leverage, performance protect) increase costs by 5-25% each. A fully configured $400K account can reach approximately $3,298.
1-Phase Challenge
The fastest evaluation path. Hit a 10% profit target with no time limit, respect the 3% daily loss and 6% trailing drawdown, trade a minimum of 5 days, and you are funded. This is the best option for experienced traders who want speed. The catch is the trailing drawdown, which means your maximum loss threshold rises with your equity high-water mark.
2-Phase Challenge
The most popular option. Phase 1 requires 10% profit; Phase 2 requires 5%. Maximum daily loss is 5%, and the total drawdown is 10% (static on the Classic variant). No time limit on either phase. This is the best overall value for disciplined traders who want a static drawdown structure.
3-Phase Challenge
Three phases of 5% profit target each. The lowest fees across all programs, making it ideal for budget-conscious traders. The drawdown is static at 5% daily and 10% total. Three phases take longer, but the reduced targets per phase make each step more achievable.
Lightning Challenge
A hybrid between instant funding and a standard evaluation. You have 7 days to hit a 5% profit target with 3% daily loss and 4% trailing drawdown. Account sizes range from $10,000 to $100,000. This program is designed for traders who are confident in their ability to perform under a tight deadline.
Instant Funding
Skip the evaluation entirely and start trading with immediate capital. No profit target to meet, no phases to pass. The trade-off is a higher fee relative to account size and a trailing 8% drawdown. Account sizes range from $1,000 to $50,000. Your first payout is available 14 days after your first trade.
Trading Rules and Drawdown Explained
Understanding FXIFY’s drawdown mechanics is critical. The wrong assumption about static vs. trailing drawdown is the single most common reason traders breach their accounts.
| Rule | 1-Phase | 2-Phase | 3-Phase | Lightning | Instant |
|---|---|---|---|---|---|
| Profit Target | 10% | 10% / 5% | 5% / 5% / 5% | 5% | None |
| Max Daily Loss | 3% | 5% | 5% | 3% | 8% |
| Max Overall Loss | 6% trailing | 10% static | 10% static | 4% trailing | 8% trailing |
| Min Trading Days | 5 | 5 | 5 | 3 | None |
| Time Limit | Unlimited | Unlimited | Unlimited | 7 days | None |
| Consistency Rule | 30% | None (Classic) | None | 30% | None |
| News Trading | Allowed | Allowed | Allowed | Allowed | Allowed |
| Weekend Holds | Allowed | Allowed | Allowed | Allowed | Allowed |
Understanding hybrid drawdown: On the 1-Phase account, the drawdown is trailing but locks once you reach +6% profit. Specifically, the 6% trails your closed balance until you hit 6% in profit, at which point it locks at your starting balance and stops trailing. This is more forgiving than a pure trailing drawdown but still riskier than static.
Prohibited strategies: Reverse hedging and group hedging across accounts are banned. Latency arbitrage and manipulative order behaviour will get you flagged. These restrictions are standard across the industry.
Profit Split and Payouts
FXIFY’s base profit split is 80%. You can upgrade to 90% by purchasing the add-on at checkout, which costs an additional 20% of your evaluation fee. This means a $100K 2-Phase account at $325 becomes $390 with the 90% split upgrade.
Payouts are monthly by default. The bi-weekly add-on costs an additional 5% of the evaluation fee. Your first payout is available on demand after your first funded trade closes, which is genuinely useful and not something every firm offers.
Challenge fees for the 1-Phase, 2-Phase, and 3-Phase programs are refunded with your first payout. The Lightning and Instant Funding fees are not refundable.
All payouts are processed through Rise, FXIFY’s sole payment partner. Processing typically takes 1-2 business days. You will need to complete KYC through both FXIFY and Rise before your first withdrawal. Payment methods include bank transfer, cryptocurrency, and selected e-wallets.
Trading Platforms
FXIFY supports four trading platforms: MetaTrader 4, MetaTrader 5, DXtrade, and TradingView. All accounts are executed through FXPIG, which provides raw-spread STP execution via 20+ liquidity providers.
You can choose between RAW pricing (raw spreads from 0.0 pips plus commission) or All-In pricing (commission-free with slightly wider spreads) at checkout. For ICT-style traders who need precise entries, I recommend the RAW option.
The leverage upgrade add-on (25% of evaluation fee) increases your maximum leverage to 50:1 on forex and gold. The standard leverage is 30:1 for forex and gold, 10:1 for indices, 5:1 for oil, 2:1 for stocks, and 2:1 for crypto. Note that the 50:1 upgrade is only available on MT4 and MT5 accounts.
Instruments and Leverage
FXIFY offers access to over 300 instruments through FXPIG. The standout here is the crypto selection, with 80+ pairs available, significantly more than most prop firms.
| Asset Class | Coverage | Standard Leverage | Upgraded Leverage |
|---|---|---|---|
| Forex (Majors, Minors, Exotics) | 70+ pairs | 30:1 | 50:1 |
| Gold & Metals | Gold, Silver, Platinum | 30:1 | 50:1 |
| Indices | US30, NAS100, SPX, DAX, etc. | 10:1 | 10:1 |
| Cryptocurrency | 80+ pairs (BTC, ETH, SOL, etc.) | 2:1 | 2:1 |
| Oil & Commodities | WTI, Brent, Natural Gas | 5:1 | 5:1 |
| Stocks | Select US equities | 2:1 | 2:1 |
Scaling Plan
FXIFY’s scaling plan can grow your account from $400,000 to $4,000,000. To qualify for the first scale-up, you need to achieve a 10% return within your first three months, with at least two of those months being profitable. After the initial 25% boost, subsequent scale-ups double your account every three months when you meet the same criteria.
The scaling plan is only available on 1-Phase, 2-Phase, and 3-Phase accounts. Lightning and Instant Funding accounts are not eligible. This is an important limitation if long-term scaling is part of your strategy.
FXIFY for ICT and Smart Money Traders
If you trade using ICT concepts like market structure, Order Blocks, Fair Value Gaps, and Kill Zone entries, FXIFY is one of the better prop firm options available. Here is why.
No stop-loss requirement. Many ICT traders manage risk through structure-based invalidation rather than fixed pip stops. FXIFY does not force a mandatory stop-loss, giving you flexibility.
News trading is allowed. High-impact news events create the liquidity sweeps and displacement moves that ICT traders look for. FXIFY permits trading during and around news events on all account types.
No time limit on evaluation. ICT methodology often requires patience. You wait for the right setup in the right Kill Zone. FXIFY’s unlimited evaluation period means you never have to force a trade to meet a deadline.
Weekend and overnight holds. If your ICT thesis involves a higher-timeframe setup that needs to play out over multiple sessions, you can hold positions through the weekend.
Raw spread execution. Precision matters when your entry is based on a specific level within a Fair Value Gap. FXPIG’s raw spread execution from 0.0 pips gives you better fill quality than commission-free models with wider spreads.
The main limitation for ICT traders is the consistency rule on 1-Phase and Lightning accounts, which caps your best trading day at 30% of total profit. If your ICT approach produces large R-multiple winners occasionally rather than small consistent gains, the 2-Phase Classic or 3-Phase programs are better fits.
FXIFY vs Competitors
| Feature | FXIFY | FTMO | FundedNext | The5ers |
|---|---|---|---|---|
| Founded | 2023 | 2015 | 2022 | 2016 |
| Max Account | $400K | $200K | $200K | $250K |
| Scaling Cap | $4M | $2M | $4M | $4M |
| Max Profit Split | 90% | 90% | 95% | 100% |
| $100K Fee (2-Step) | $325 | ~$540 | ~$549 | ~$475 |
| Platforms | MT4, MT5, DXtrade, TV | MT4, MT5, cTrader, DXtrade | MT4, MT5 | MT5 |
| EA Trading | Yes (most accounts) | Yes | Yes | Yes |
| Trustpilot | 4.3/5.0 | 4.8/5.0 | 4.6/5.0 | 4.6/5.0 |
| Best For | Flexibility & EAs | Trust & reliability | Budget & scaling | Live capital |
FXIFY vs FTMO
FTMO wins on reputation and trust. With $200M+ in verified payouts and a 9-year track record, FTMO is the safest bet in the industry. FXIFY wins on pricing, instrument count, and strategy flexibility. The $100K 2-Phase challenge is $325 at FXIFY vs approximately $540 at FTMO. If you trade EAs, martingale, or grid strategies, FXIFY is the better choice since FTMO has more restrictions. For ICT traders who prioritise reliability over price, FTMO edges ahead. For more details, read our complete prop firm guide.
FXIFY vs FundedNext
FundedNext offers a 95% profit split at the highest tier and competitive pricing. FXIFY counters with more platform options (MT4, MT5, DXtrade, TradingView vs just MT4/MT5) and a larger maximum starting account ($400K vs $200K). FundedNext’s scaling plan also reaches $4M. Choose FXIFY if platform variety and instant funding options matter. Choose FundedNext if maximising profit split is your priority.
FXIFY vs The5ers
The5ers stands apart by offering live capital, not simulated funds. This means real market exposure and real risk. The5ers also offers up to 100% profit split at higher tiers. FXIFY offers simulated trading with broker-grade execution, which means zero personal capital risk beyond the evaluation fee. Choose The5ers if you want genuine live trading. Choose FXIFY if you want lower risk and more challenge options.
User Reviews and Real Trader Feedback
FXIFY has accumulated over 5,400 reviews on Trustpilot with a 4.3/5.0 rating. Here is the breakdown.
| Rating | Percentage |
|---|---|
| 5 Stars | 77% |
| 4 Stars | 8% |
| 3 Stars | 3% |
| 2 Stars | 2% |
| 1 Star | 10% |
What traders praise: Fast customer support, quick payouts (often within 24 hours), clear dashboard, easy-to-understand rules, and the variety of challenge types. Multiple traders noted the $10 educational Instant account as a great entry point.
What traders criticise: Rule changes in 2024 (addition of trailing drawdown and consistency rules), KYC delays through Rise, inconsistent support during high-traffic periods, and limited tradeable instruments compared to what the dashboard suggests. Some negative reviews came from traders who breached rules and blamed the firm, which is common across all prop firm review platforms.
My assessment: A 77% five-star rate is strong. The 10% one-star rate is worth noting but is typical for prop firms where many traders fail evaluations and vent frustration. The verified payout data through Payout Junction (11,000+ transactions, including a single payout exceeding $119,000) adds credibility that Trustpilot alone cannot provide.
Final Verdict and Rating Breakdown
| Category | Score | Notes |
|---|---|---|
| Trust & Safety | 7.5/10 | Broker-backed, verified payouts, but short history |
| Challenge Options | 9.5/10 | Five programs, industry-leading flexibility |
| Pricing | 8.5/10 | Competitive base fees, but add-ons inflate costs |
| Trading Conditions | 8.5/10 | Raw spreads, 300+ instruments, FXPIG infrastructure |
| Platforms | 9.0/10 | MT4, MT5, DXtrade, TradingView integration |
| Payouts | 8.0/10 | On-demand first payout, but Rise as sole processor |
| Education | 5.0/10 | Minimal. Free trading course added recently. |
| Support | 7.5/10 | Live chat 24/5, responsive but inconsistent |
| Overall | 8.2 / 10 | Excellent for experienced traders who value flexibility |
FXIFY delivers where it matters most for serious traders: platform choice, strategy freedom, and competitive pricing. The five distinct challenge types give you options that simply do not exist at FTMO or most competitors. The broker-backed infrastructure through FXPIG provides execution quality you can trust.
The trade-offs are real. The 2024 rule changes eroded some trader confidence. Education is minimal. And the add-on pricing model means the final cost is often higher than the base price suggests. Budget the total cost, including the add-ons you actually want, before comparing against competitors.
For traders using an ICT or Smart Money approach, the combination of unlimited evaluation time, news trading permission, raw spread execution, and no mandatory stop-loss makes FXIFY a strong choice. Pair it with solid trading psychology and a documented trading journal, and you have the foundation for a sustainable funded trading career.
Start Your FXIFY Challenge Today →
Frequently Asked Questions — FXIFY 2026
Is FXIFY legit in 2026?
Yes. FXIFY is a legitimate prop trading firm with $30M+ in verified payouts through Payout Junction across 11,000+ transactions. They hold a 4.3/5.0 Trustpilot rating from 5,400+ reviews. The firm is backed by FXPIG, an established broker operating since 2016.
Is FXIFY safe for my money?
Your risk is limited to the one-time evaluation fee. You never deposit trading capital. All trading occurs on simulated accounts through FXPIG’s infrastructure. The evaluation fee is refunded with your first payout on 1-Phase, 2-Phase, and 3-Phase programs.
How much does an FXIFY challenge cost?
Challenge fees range from $39 for a $5,000 3-Phase account to $2,950 for a $400,000 1-Phase account. The most popular $100,000 2-Phase account costs $325 at base pricing. Add-ons for 90% profit split, bi-weekly payouts, and increased leverage can increase the total by 5-25% each.
What is the FXIFY profit split?
The base profit split is 80%. You can upgrade to 90% by purchasing the add-on at checkout for an additional 20% of your evaluation fee. Instant Funding accounts include 90% by default.
How long does an FXIFY payout take?
Payouts are processed through Rise and typically arrive within 1-2 business days. Your first payout is available on demand after your first funded trade closes. Subsequent payouts follow a monthly or bi-weekly schedule depending on your add-on selection.
Does FXIFY allow EAs and automated trading?
Yes. FXIFY allows Expert Advisors, copy trading, grid trading, and martingale strategies on 1-Phase, 2-Phase, and 3-Phase accounts. EAs are not permitted on Lightning and Instant Funding accounts.
What platforms does FXIFY support?
FXIFY supports MetaTrader 4, MetaTrader 5, DXtrade, and TradingView. MT4 and MT5 accounts are executed through FXPIG. The leverage upgrade to 50:1 is only available on MT4 and MT5.
Can I hold trades over the weekend on FXIFY?
Yes. Weekend holding is permitted on all FXIFY account types, including during evaluation and on funded accounts.
Does FXIFY have a consistency rule?
Yes, on some accounts. The 1-Phase and Lightning challenges have a 30% consistency rule, meaning your best trading day cannot exceed 30% of your total profit. The 2-Phase Classic, 3-Phase, and Instant Funding accounts do not have a consistency rule.
Is FXIFY available in the US?
Yes. US-based traders can access FXIFY’s CFD programs. There is also a separate FXIFY Futures program specifically designed for US traders who want to trade on CME markets.
What is the FXIFY trailing drawdown?
On 1-Phase, Lightning, and Instant Funding accounts, the drawdown trails your equity high-water mark. On the 1-Phase, the 6% trailing drawdown locks once you reach +6% profit. On Lightning, it is a strict 4% trail. On Instant Funding, it is an 8% trail. The 2-Phase and 3-Phase accounts use static drawdown.
What happens if I fail the FXIFY challenge?
You lose the evaluation fee and must purchase a new challenge to try again. The fee is non-refundable if you breach trading rules or fail to meet the profit target.
Does FXIFY refund the challenge fee?
Yes, for 1-Phase, 2-Phase, and 3-Phase programs. The fee is refunded with your first successful payout on the funded account. Lightning and Instant Funding fees are not refundable.
How does FXIFY scaling work?
To qualify for the first scale-up, achieve 10% profit within three months with at least two profitable months. Your account increases by 25%. Subsequent scale-ups double the account every three months, up to $4,000,000. Scaling is only available on 1-Phase, 2-Phase, and 3-Phase accounts.
FXIFY vs FTMO: which is better?
FTMO wins on trust, track record, and education. FXIFY wins on pricing, flexibility, and instrument variety. For ICT traders who want the cheapest path to funding with maximum strategy freedom, FXIFY is the better value. For traders who prioritise payout certainty above all else, FTMO remains the safer choice. See our full comparison above.
Does FXIFY offer a free trial?
FXIFY offers a $10 educational Instant Funding account at the $1,000 level, which functions as an extremely low-cost entry point rather than a free trial. They also run regular discount promotions and coupon codes.
Conclusion
FXIFY earns its place as one of the top prop firms in 2026 through genuine flexibility, not marketing hype. Five challenge types, four trading platforms, 300+ instruments, and one of the highest scaling caps in the industry give traders real options. The broker-backed execution through FXPIG provides the infrastructure that serious traders need.
From the perspective of our Mind, Method, Money framework: the Mind component is served by FXIFY’s unlimited evaluation time, which removes artificial pressure. Your Method is supported by raw spread execution and unrestricted strategy use. And the Money piece comes together through competitive pricing, a clear scaling path, and verified payout reliability.
For a complete understanding of funded trading strategy, see our Complete Trader’s Edge book, which covers the psychology, methodology, and risk management principles that separate funded traders from failed challenges. Visit our Trading Tools page for our full list of recommended platforms, brokers, and prop firms.
