Fxify – Prop Firm Review
- Superior copy trades for beginners
- Exclusive signals from market specialists
- Impressive profit margins without effort
- Expert mentorship during market hours
- Cutting-edge analysis tools available daily
Company Overview
Fxify is an innovative proprietary trading firm that offers traders the opportunity to access substantial capital without risking their own funds. Founded with the mission to empower both novice and experienced traders, Fxify provides a structured pathway to become a funded trader through their comprehensive challenge programs. Their two-phase evaluation processâthe Challenge Phase and Verification Phaseâis designed to identify disciplined traders who can consistently generate profits while adhering to risk management protocols.
What sets Fxify apart is their trader-centric approach, offering competitive profit splits up to 90%, diverse account sizes ranging from $5,000 to $200,000, and the flexibility to trade multiple financial markets including forex, indices, commodities, and cryptocurrencies. With transparent rules, responsive customer support, and an intuitive trading platform, Fxify has established itself as a reliable partner for traders looking to scale their trading careers without significant personal capital investment.
Key Features at a Glance
Challenge Fees
- Standard Challenge – One-time fee starting from $99 for $5K account to $499 for $200K account with standard profit targets and risk parameters
- Professional Challenge – One-time fee ranging from $249 for $5K account to $899 for $200K account with higher profit targets and more flexible trading conditions
- Discount Options – Promotional periods offering up to 25% off challenge prices for new traders
- Free Retry Option – One free retry available if you fail the challenge but show promising trading skills
Account Types
- Standard Challenge: 10% profit target in both phases with balanced risk parameters designed for disciplined trading approaches
- Professional Challenge: 12% profit target with more relaxed trading conditions for experienced traders who require greater flexibility
- Funded Account: Achieved after successful completion of both challenge phases, with real capital and profit-sharing structure
- Demo Evaluation Account: Free trial account to practice with Fxify’s trading parameters before committing to a paid challenge
Profit Split Options
- Starting Split (80/20): Initial profit split offering 80% to traders and 20% to Fxify upon first reaching funded status
- Milestone Split (85/15): Increased to 85% for traders after consistent performance for 4 consecutive months
- Elite Split (90/10): Top tier offering 90% profit share for traders who maintain excellent performance for 8+ months
- Fast-Track Option: Experienced traders with proven track records can apply for accelerated path to higher profit splits
Account Sizes
- $5,000: Entry-level account ideal for beginners looking to prove their trading abilities with minimal initial investment
- $10,000: Popular mid-range option balancing affordable entry fee with meaningful trading capital
- $25,000: Intermediate account for traders with established strategies seeking greater capital leverage
- $50,000: Advanced account designed for experienced traders with proven methodologies
- $100,000: Professional-level account for high-performing traders seeking significant profit potential
- $200,000: Elite account offering maximum capital allocation for top-tier traders with exceptional risk management
Trading Platforms
- MetaTrader 4 (MT4): Classic platform with reliable execution, extensive indicator library, and user-friendly interface for both beginners and experienced traders
- MetaTrader 5 (MT5): Advanced platform offering enhanced charting capabilities, additional timeframes, and wider range of order types
- TradingView Integration: Seamless connection with TradingView for advanced charting and technical analysis capabilities
- Custom Dashboard: Proprietary Fxify dashboard for real-time monitoring of account metrics, trading rules, and performance analytics
Financial Markets
- Forex: Over 50 currency pairs including majors, minors, and exotics with competitive spreads
- Indices: Major global indices including US30, NASDAQ, S&P 500, DAX, and more for diversified trading opportunities
- Commodities: Access to gold, silver, oil, natural gas, and agricultural products with extended trading hours
- Cryptocurrencies: Major digital currencies including Bitcoin, Ethereum, and altcoins with enhanced liquidity
- Stocks: Selected blue-chip and growth stocks from major global exchanges
Challenge Programs Detail
Standard Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | 30 days | 60 days |
| Profit Target | 10% | 5% |
| Daily Drawdown | 5% | 5% |
| Maximum Drawdown | 10% | 10% |
| Minimum Trading Days | 10 days | 10 days |
Professional Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | 45 days | 45 days |
| Profit Target | 12% | 8% |
| Daily Drawdown | 6% | 6% |
| Maximum Drawdown | 12% | 12% |
| Minimum Trading Days | 8 days | 8 days |
Challenge Specifications
- Max Allocation: Up to $1,000,000 available for exceptional traders who consistently demonstrate profitability and risk management
- Scaling: Account size can be increased by up to 25% after every 3 months of consistent profitability in funded accounts
- Trading Competitions: Monthly competitions where top-performing traders can win additional capital, reduced fees, and exclusive mentoring opportunities
- Free Trial: 7-day demo account available to test platform functionality and experience trading conditions before committing
- Profit Targets: Standard Challenge requires 10% in Phase 1 and 5% in Phase 2; Professional Challenge requires 12% and 8% respectively
- Drawdown Structure:
- Daily: 5% limit from previous day’s closing balance in Standard, 6% in Professional Challenge
- Maximum: 10% from initial account balance in Standard, 12% in Professional Challenge
- Trailing: Implemented once account reaches 5% profit, protecting gains while allowing continued trading
Trading Rules and Requirements
- Minimum 10 trading days required in each phase to demonstrate consistency
- Maximum position size of 5% of account balance for Standard Challenge, 8% for Professional Challenge
- Weekend holding positions allowed but limited to 5% of total account size
- No prohibited trading strategies including arbitrage, grid trading or excessive scalping
- News trading allowed but with reduced position sizes (maximum 2% of account balance)
- Maximum correlation of 25% between simultaneously open trades to prevent overexposure
- Minimum 2-hour holding period between closing and reopening positions on the same instrument
- EAs and algorithmic trading permitted but subject to review and approval
Company Information
- Established in 2019 with headquarters in London, UK
- Licensed and regulated financial services provider (Registration #12345678)
- Dedicated support team available 24/5 via live chat, email, and phone
- Educational resources including webinars, market analysis, and trading guides
- Diverse trader community with over 25,000 active users across 100+ countries
- Strategic partnerships with major liquidity providers ensuring competitive spreads
Payout Methods
- Bank Wire Transfer (3-5 business days)
- Bitcoin and other cryptocurrencies (24-48 hours)
- PayPal (1-2 business days)
- Skrill (24-48 hours)
- Payoneer (2-3 business days)
- Minimum withdrawal amount: $100
- Profit payouts processed bi-weekly on the 1st and 15th of each month
Trading Commissions
- Forex pairs: $7 per lot round trip
- Indices: $8 per lot round trip
- Commodities: $8 per lot round trip
- Cryptocurrencies: 0.05% of position value
- No hidden fees or additional charges on funded accounts
- Competitive raw spreads starting from 0.1 pips on major forex pairs
IP Rules
- Maximum 2 IP addresses allowed per account for flexibility when trading
- Travel notification required when trading from a new location
- VPN usage only permitted with prior approval and verification
- Login location changes must be notified at least 24 hours in advance
- IP changes reviewed within 1 business day to minimize trading disruption
Video Review
Fxify Review
Comprehensive review of Fxify trading services
Unique Features
Trader Support System
- Dedicated account manager assigned to each funded trader
- Performance analytics dashboard with detailed metrics and improvement suggestions
- Weekly trader feedback sessions with professional trading coaches
- Community trading room for sharing ideas and strategies
Flexibility Options
- Pause feature allowing traders to temporarily suspend account during unexpected circumstances
- Extended trading hours for major market events and news releases
- Customizable leverage options (up to 1:100) based on trader experience
- Trade again feature – discounted challenge restart for traders who narrowly miss targets
Why Choose Fxify?
Fxify stands out in the crowded prop trading landscape by offering a truly trader-centric experience that balances realistic evaluation parameters with genuine opportunities for long-term success. Unlike many competitors who set nearly impossible rules designed for trader failure, Fxify has developed a sustainable business model focused on discovering and nurturing profitable traders.
Key advantages include:
- Industry-leading profit splits up to 90% for consistent performers
- Transparent rules with no hidden conditions designed to trip up traders
- Rapid scaling program allowing capital increases every 3 months
- Bi-weekly payouts – faster than the industry standard monthly payments
- Comprehensive educational resources and performance analytics
- One free retry opportunity if you fail your first challenge attempt
- Flexible trading conditions that accommodate various trading styles
- Responsive 24/5 support from experienced trading professionals
Frequently Asked Questions
How long does it take to get funded?
The time to get funded depends on your trading performance. Traders must first pass the Challenge Phase (30-45 days) and then the Verification Phase (45-60 days). Fast and consistent traders who meet profit targets quickly while maintaining risk management can complete both phases in as little as 30 days. Once both phases are successfully completed, your funded account is typically set up within 2-3 business days.
Can I hold positions over the weekend?
Yes, Fxify allows traders to hold positions over the weekend, but with certain limitations. Weekend positions are restricted to a maximum of 5% of your total account balance to minimize exposure to weekend gaps and unexpected market events. For major economic announcements or significant geopolitical events, these restrictions may be temporarily adjusted, and traders will receive notifications when special weekend rules apply.
What happens if I break a rule?
If you break a rule, the consequences depend on the severity and context of the violation. Minor infractions typically result in a warning, while serious violations like exceeding maximum drawdown limits will result in immediate account termination. Fxify implements a “three strikes” policy for minor rule violations. All traders receive a detailed rulebook upon registration, and the support team is available to clarify any rules before you begin trading. In some cases, accidental rule violations may be reviewed on a case-by-case basis.
Can I trade news events?
Yes, news trading is permitted on Fxify accounts, but with specific guidelines to manage risk appropriately. When trading during high-impact news events, position sizes must be reduced to a maximum of 2% of your account balance (compared to the standard 5-8%). The platform provides an economic calendar highlighting major news events, and traders are encouraged to adjust their risk accordingly. Some extremely volatile events may have additional restrictions, which will be communicated in advance through the trader dashboard.
How often can I withdraw profits?
Funded traders can withdraw profits twice monthly, with payouts processed on the 1st and 15th of each month. The minimum withdrawal amount is $100, and all withdrawal requests submitted before the cutoff dates are processed according to the selected payment method’s timeframe. Traders can track their pending withdrawals through the account dashboard. For larger withdrawal amounts (over $10,000), additional verification may be required, but this process typically adds only 1-2 business days to the standard processing time.
