FXIFY
VerifiedFive programmes, broker-backed, scaling to $4M
Trust score
Fair
MetaTrader 4
MetaTrader 5
DXtrade
- Challenges from
- $59
- Max funding
- $400K
- Profit split
- 80%
- Max drawdown
- 10%
- Max leverage
- 1:50
- Payout cycle
- Every 2 weeks
Pros & cons
What we like
- Scaling ceiling of $4M — the highest here
- Five programme formats, including futures since 2026
- Allocation to $400,000 in a single account
- Payouts processed within 24 hours
- Broker-backed, with MT4, MT5, cTrader and DXtrade
What to watch
- The advertised terms need paid add-ons to reach
- No EAs on Instant or Lightning accounts
- 30% consistency rule on Lightning
- 60 days of inactivity breaches the account
- Base split is 80%, and 90% costs 20% of the fee
Targets & limits by challenge
| Challenge | Profit target | Daily drawdown | Max drawdown |
|---|---|---|---|
| 1-Phase Challenge 1-Step | 10% | 5% | 10% |
Challenges & pricing
1-Phase Challenge Most popular
1-Step Evaluation · 80% split · 10% max drawdown
| Account size | Price | Cost per $1K | Phase 1 target | Phase 2 target | Daily drawdown | Max drawdown |
|---|---|---|---|---|---|---|
| $10K | $59 | $5.90 | 10% | — | 5% | 10% |
| $25K | $159 | $6.36 | 10% | — | 5% | 10% |
| $50K | $249 | $4.98 | 10% | — | 5% | 10% |
| $100K | $449 | $4.49 | 10% | — | 5% | 10% |
| $200K | $899 | $4.50 | 10% | — | 5% | 10% |
| $400K | $1,799 | $4.50 | 10% | — | 5% | 10% |
“Cost per $1K” is the evaluation fee divided by buying power — the only fair way to compare challenge prices across different account sizes.
What's allowed
Expert advisors (EAs)
Automated strategies and bots
High-frequency trading
Scalping and latency-sensitive strategies
Copy trading
Mirroring trades across accounts
News trading
Holding through high-impact releases
Weekend holding
Carrying positions over the weekend
Martingale
Adding to a losing position to recover it
Crypto instruments
Trading crypto pairs
What the account comes with
Consistency rule
Caps how much of your profit may come from a single day
Refundable fee
Evaluation fee returned on first payout
Free retry
A second attempt at no cost if you breach
Scaling plan
Account grows as you stay profitable
Free trial
Try the platform before paying for an evaluation
Instruments and assets
Assets
The rules in full
The clauses that decide whether you keep the account. Quoted from FXIFY's own terms — check the current version before you trade.
9 rules here break the account
Breaking one of these fails the evaluation or voids a payout outright.
General
-
The advertised terms are add-ons, not the default
Watch outA 90% split costs 20% of the evaluation fee, 1:50 leverage costs 25%, bi-weekly payouts 5% and performance protection 15%. Price the account you actually intend to trade, not the base one.
Risk & drawdown
-
Static drawdown of 10%
Breaks the accountLoss limit is fixed against the starting balance for the whole evaluation. Breaching it ends the account immediately, whether or not the position later recovers.
-
Daily loss limit of 5%
Breaks the accountMeasured from the balance at the daily reset. Floating losses on open positions count toward it the moment they occur, not when the trade is closed.
Trading style
-
Instant and Lightning accounts do not allow EAs
Breaks the accountThe standard evaluation programmes permit automated strategies; the two fastest products do not. Which rules apply depends on which product you bought.
-
News trading is permitted
You may hold through high-impact releases. Spreads widen and slippage counts toward your loss limits, so the risk is yours rather than the rule's.
-
Expert advisors are allowed
Automated strategies may be used, provided they do not exploit latency, pricing errors or the demo feed.
-
Positions may be held over the weekend
Weekend gaps count toward your drawdown in full. Swap charges apply from Wednesday.
Instruments
-
Crypto trades at reduced leverage of 1:2
Crypto is available outside market hours, but at a fraction of the leverage offered on FX and it is excluded from any news-trading exemption.
-
Maximum leverage of 1:50
This is the headline figure and applies to FX. Indices, commodities and crypto are each capped lower — see the instruments table for the class you trade.
Payouts
-
Payouts every 14 days
The cycle runs from your last approved request, not from the calendar month. A request made early resets the clock rather than bringing the next one forward.
-
First payout after 14 days
Watch outCounted from the day the funded account is issued. Completed KYC is required before the first request is released.
-
A rule breach voids the payout attached to it
Breaks the accountRequests are reviewed against the trading rules before release. A confirmed breach voids that payout, and repeat breaches close the account.
Account management
-
One funded account per trader
Breaks the accountAccounts linked by identity documents, payment method, IP address or trading pattern are treated as one. Undisclosed duplicates are closed and their profit forfeited.
-
The account may not be shared or managed by anyone else
Breaks the accountYou must trade the account yourself. Handing credentials to a third party, including an account manager, ends the arrangement.
-
60 days without a trade breaches the account
Breaks the accountThe inactivity clock runs on funded accounts as well as evaluations, and reaching it is treated as a breach rather than a pause.
Prohibited practices
-
Consistency rule applies to your profit
Watch outNo single trading day may account for an outsized share of your total profit. A day that breaches it does not necessarily fail the account, but the payout tied to it is held until reviewed.
-
High-frequency and latency arbitrage are prohibited
Breaks the accountStrategies that depend on execution speed, price-feed delay or tick scalping are treated as exploiting the platform rather than trading it.
-
Copy trading between accounts is not allowed
Breaks the accountMirroring trades across accounts, your own included, is grounds for closure of every linked account.
-
Martingale and grid strategies are prohibited
Watch outDoubling into a losing position, or layering a grid without a defined stop, counts as a prohibited risk strategy.
Instruments & conditions
Leverage and commission differ by asset class — the headline figure rarely applies to everything.
| Instrument | Max leverage | Typical spread | Commission |
|---|---|---|---|
| Forex | 1:50 | 0.2 pips | $7.00 / lot |
| Indices | 1:20 | 0.4 pips | Commission free |
| Crypto Trades around the clock, including weekends | 1:2 | 25 pips | 0.1% |
| Gold & metals | 1:50 | 0.25 pips | $5.00 / lot |
| Stocks | 1:5 | 0.1 pips | 0.02% |
| Commodities | 1:20 | 0.3 pips | $3.50 / lot |
| Futures | 1:10 | 0.5 pips | $4.00 / lot |
Restricted countries
FXIFY does not accept traders resident in these 9 countries. Check before you pay — a challenge fee is rarely refunded for this.
- Afghanistan
- Belarus
- Cuba
- Iran
- Myanmar
- North Korea
- Russia
- Syria
- Venezuela
Restrictions change without much notice and often depend on where you are resident rather than your nationality. Confirm with FXIFY directly if you are close to the line.
About FXIFY
FXIFY describes itself as the first broker-backed prop firm, and has run since 2023 out of London. It offers five formats — 1-phase, 2-phase, 3-phase, instant funding and Lightning — with account sizes from $2,500 to $400,000 and a scaling ceiling of $4M, the highest here.The pricing model is a la carte, and that is the thing to understand before you buy. The base account is not the advertised account: raising the split to 90% costs 20% of the evaluation fee, leverage to 1:50 costs 25%, bi-weekly rather than monthly payouts costs 5%, and performance protection another 15%. Stack them and a $449 challenge is closer to $700.The rules tighten on the faster products. Instant and Lightning accounts do not permit EAs, Lightning carries a 30% consistency rule, and both run on trailing drawdowns of 8% and 4% respectively. The 60-day inactivity rule applies across the board.
Leadership
David Bhidey
Co-founder
Co-founded FXIFY in 2023 alongside Peter Brown, building it around a broker-backed model. The firm expanded into futures in 2026.
A named, findable person is one of the few cheap signals that a firm is a real company.
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