FXIFY

📋 In This Review

01Firm Overview 02SPR Intelligence 03Firm Updates 04Safety & Trust 05Challenge Rules 06Fee Calculator 07Pros & Cons 08Our Verdict 09Alternatives 10Community Reviews

📊 Firm Overview

Updated May 2026

Account Sizes

$5K – $400K

Min Eval Fee

$39 (one-time)

CEO / Founder

Peter Brown (CEO & Co-Founder) — Co-founded with David Bhidey

Profit Split

75%

Payout Time

1–3 Business Days

DD Type

Fixed (EOD)

Markets

Forex, Indices, Metals, Crypto, Stocks, Commodities

News Trading

Yes

Overnight Hold

Yes

Scaling

Up to $4M

🔬 SPR Intelligence Analysis

Proprietary Metrics

Difficulty Score ?Based on profit target, drawdown type, min days and restrictions. 10 = extremely hard to pass.

5.5/10

Average difficulty — fixed (eod) drawdown

Value Score ?Lower = better value. Industry average ~$7.00 per $1K.

5.98 per $1K funded

$39 (one-time)

vs ~$7.00 avg across all tracked firms

Best Trader Profile ?Trading styles most likely to succeed given this firm's specific rule set and drawdown type.

Day Trader Swing Trader Algorithmic Trader

FXIFY suits experienced traders who want maximum flexibility in challenge structure combined with fast payout access. The 2-Step Classic is the best fit for disciplined traders wanting generous drawdown and time flexibility, while the 3-Step suits beginners who prefer lower targets and more phase buffer. Not recommended for traders expecting 90% split without paying for the add-on.

📰 Firm Updates & News

Live Feed

2026-04-01

FXIFY Futures launched — dedicated futures prop trading brand with $50K–$450K accounts and up to 100% profit split Platform

2026-02-01

TradingView added as fourth supported platform alongside MT4, MT5, and DXTrade Platform

2025-12-01

FXIFY crosses $30M in verified payouts — 11,000+ individual payout certificates confirmed via Payout Junction Payout

2025-09-01

Performance Protection add-on introduced — allows traders to withdraw remaining buffer on drawdown breach Platform

2025-06-01

Lightning Assessment program launched — compressed evaluation timeline for advanced traders seeking rapid funding Rule

2025-03-01

3-Step evaluation program added — low-target 5%/5%/5% structure introduced for beginner-friendly entry path Platform

2024-06-01

DXTrade added as third platform option — available for US-resident traders replacing MT4/MT5 access Platform

2023-01-01

FXIFY founded in the UK by Peter Brown and David Bhidey — launched with 1-Step and 2-Step evaluation programs and FXPIG as broker infrastructure Platform

🛡️ Is FXIFY Legitimate?

✓ Legitimate

📍

Registered In

UK — FXIFY Solutions Limited (UK payment agent) + FXIFY Markets Ltd, Labuan, Malaysia (License No. MB/22/0097)

📅

Operating Since

2023

💰

Reported Payouts

$30M+ verified (11,000+ certificates via Payout Junction)

📜

Regulation

FXIFY Markets Ltd regulated in Labuan, Malaysia (MB/22/0097)

⚠ Red Flags to Know

🚩 Only 2 years in operation — short track record compared to established industry leaders

🚩 Starting profit split of 75% is below the industry standard of 80% without paying the add-on upgrade

🚩 Average spread data not publicly disclosed — trading costs unclear without demo testing

🚩 Add-on system can inflate total account cost significantly if multiple upgrades selected

🚩 Lightning and Instant accounts use trailing drawdown — significantly harder to manage

🚩 No educational resources — developing traders are unsupported

🚩 Trustpilot rating of 4.3 is lower than top-tier competitors — some reports of support delays

🚩 $6 round-turn commission on RAW spread accounts increases ongoing cost for active traders

📋 Challenge Rules

1️⃣ 1-step 2️⃣ 2-step 3️⃣ 3-step ⚡ Instant Funding

1️⃣ 1-step 6 phases + funded stage ▼

🎯 1-Step Evaluation — Pass one phase, then move to a funded account.

Rule	Phase 1	Phase 1	Phase 2	Phase 1	Phase 2	Phase 3	🟢 Funded
Profit Target	10%	10%	5%	5%	5%	5%	No Limit
Daily DD	3%	4%	4%	5%	5%	5%	5%
Overall DD	6% Static	10% Static	10% Static	6% Static	6% Static	6% Static	6% Static
Min Days	0	0	0	0	0	0	0
Max Days	Unlimited	Unlimited	Unlimited	Unlimited	Unlimited	Unlimited	No Limit
Payout	—	—	—	—	—	—	From 1st profitable trade
Split	—	—	—	—	—	—	75%–90%

2️⃣ 2-step 6 phases + funded stage ▼

🎯 2-Step Evaluation — Pass two phases, then move to a funded account.

Rule	Phase 1	Phase 1	Phase 2	Phase 1	Phase 2	Phase 3	🟢 Funded
Profit Target	10%	10%	5%	5%	5%	5%	No Limit
Daily DD	3%	4%	4%	5%	5%	5%	5%
Overall DD	6% Static	10% Static	10% Static	6% Static	6% Static	6% Static	6% Static
Min Days	0	0	0	0	0	0	0
Max Days	Unlimited	Unlimited	Unlimited	Unlimited	Unlimited	Unlimited	No Limit
Payout	—	—	—	—	—	—	From 1st profitable trade
Split	—	—	—	—	—	—	75%–90%

3️⃣ 3-step 6 phases + funded stage ▼

🎯 3-Step Evaluation — Pass three phases, then move to a funded account.

Rule	Phase 1	Phase 1	Phase 2	Phase 1	Phase 2	Phase 3	🟢 Funded
Profit Target	10%	10%	5%	5%	5%	5%	No Limit
Daily DD	3%	4%	4%	5%	5%	5%	5%
Overall DD	6% Static	10% Static	10% Static	6% Static	6% Static	6% Static	6% Static
Min Days	0	0	0	0	0	0	0
Max Days	Unlimited	Unlimited	Unlimited	Unlimited	Unlimited	Unlimited	No Limit
Payout	—	—	—	—	—	—	From 1st profitable trade
Split	—	—	—	—	—	—	75%–90%

⚡ Instant Funding No evaluation — trade immediately ▼

⚡ Instant Funding — No challenge required. Capital is available immediately after purchase.

Rule	Stage 1	Stage 2	Stage 3	Stage 4	Stage 5	Stage 6
Profit Target	10%	10%	5%	5%	5%	5%
Daily DD	3%	4%	4%	5%	5%	5%
Overall DD	6% Static	10% Static	10% Static	6% Static	6% Static	6% Static
Min Days	0	0	0	0	0	0
Max Days	Unlimited	Unlimited	Unlimited	Unlimited	Unlimited	Unlimited
Payout	—	—	—	—	—	—
Split	—	—	—	—	—	—

🧮 Challenge Fee Calculator

Select account size to see full cost breakdown:

✅ Pros & Cons

✅ Pros

✓✅ First payout available from very first profitable funded trade — no waiting period

✓✅ No minimum trading days on any program — pass in a single day if targets are hit

✓✅ News trading fully allowed — FOMC, NFP, CPI, all events permitted with zero restrictions

✓✅ 300+ tradable instruments including 80+ crypto pairs — widest selection among reviewed firms

✓✅ Martingale, grid trading, and automated EAs permitted — no strategy restrictions

✓✅ Overnight and weekend holding allowed on all account types

✓✅ Customizable add-ons at checkout — leverage, profit split, payout frequency, performance protection

✓✅ Challenge fee refunded with first payout on 1, 2, and 3-Step plans

✓✅ Six challenge types — most diverse lineup in the forex prop space

✓✅ $30M+ in verified payouts via Payout Junction — 11,000+ individual certificates

✓✅ MT4, MT5, DXTrade, and TradingView all supported

✓✅ Scaling plan up to $4,000,000

❌ Cons

✗❌ Starting profit split of 75% — 90% requires paying a 20% add-on fee at checkout

✗❌ Relatively short track record — founded in 2023, only 2 years in operation

✗❌ No educational resources — not suitable for developing or beginner traders

✗❌ Average spread data not publicly disclosed — must test via demo before committing

✗❌ $6 round-turn commission per lot on RAW spread accounts adds ongoing trading costs

✗❌ Lightning and Instant accounts use trailing drawdown — harder to manage than static

✗❌ Add-on system can inflate total account cost significantly if multiple upgrades selected

✗❌ Trustpilot rating of 4.3 — lower than top-tier firms like The5ers (4.9) and FTMO (4.7)

🎯 Who Is This Firm For?

✅ Ideal For

✅

👍 Experienced traders wanting no strategy restrictions — grid, martingale, EAs all allowed

✅

👍 News traders — all major events fully permitted on all account types

✅

👍 Crypto traders — 80+ crypto pairs available, widest selection in the forex prop space

✅

👍 Traders wanting first payout from day one without waiting periods

✅

👍 Traders wanting a fully customizable account setup via add-ons at checkout

❌ Not Ideal For

❌

👎 Beginner traders — no educational resources available on the platform

❌

👎 Traders expecting 90% split without paying the add-on upgrade fee

❌

👎 Traders who need a long-established firm with a multi-year payout track record

❌

👎 Cost-sensitive traders — add-ons can significantly increase total account cost

⚖️ Our Verdict

★★★★☆ 4.0/5

FXIFY has built a genuinely competitive offering in just two years — six challenge types, no strategy restrictions, no minimum trading days, and first payout from day one are features that place it firmly in the top tier of flexible prop firms. The 300+ instrument range including 80+ crypto pairs is unmatched among forex prop firms. The main drawbacks are the 75% starting split requiring a paid upgrade, limited educational support, and a track record that is still short relative to industry veterans. For experienced traders who want maximum flexibility and fast payouts without strategy restrictions, FXIFY is one of the strongest options available in 2026.

✓ Recommended for Day Trader, Swing Trader, Algorithmic Trader

❓ Frequently Asked Questions

Yes. FXIFY is a legitimate UK-registered prop firm founded in 2023 by Peter Brown and David Bhidey. The firm has paid out $30M+ to traders through over 11,000 verified certificates on Payout Junction, holds a 4.3/5 Trustpilot rating from 4,000+ reviews, and its trading operations are managed by FXIFY Markets Ltd — a licensed money broker regulated in Labuan, Malaysia (License No. MB/22/0097). While newer than many competitors, its verified payout record and regulatory registration add meaningful credibility.

FXIFY offers five challenge paths. The 1-Step requires a single 10% profit target with a 3% daily and 6% overall drawdown — best for confident traders wanting a fast path. The 2-Step requires 10% then 5% with a generous 10% overall drawdown — best for most traders. The 3-Step requires three 5% targets with the lowest daily drawdown pressure — best for beginners. Lightning compresses the timeline with strict targets — best for advanced traders. Instant Funding skips evaluation entirely — best for experienced traders wanting immediate capital access.

The standard profit split starts at 75% and can reach 90% by purchasing the profit split add-on at checkout for an additional 20% of the evaluation fee. The first payout can be requested immediately after closing the first profitable trade on a funded account — no waiting period or minimum number of trading days applies. Challenge fees are fully refunded with the first payout on all 1, 2, and 3-Step plans. The minimum withdrawal amount is $50.

Yes — FXIFY is one of the most permissive prop firms in the industry. EAs, automated strategies, martingale, grid trading, and news trading are all fully allowed on every account type with no restrictions whatsoever. Overnight and weekend holding is permitted on all account types including evaluation phases. The only prohibited strategies are those that exploit platform or data feed inefficiencies such as latency arbitrage.

Traders can scale their funded account up to $4,000,000 through consistent profitability milestones. The scaling plan reviews are conducted periodically and account sizes increase proportionally as profit targets are met at each stage. Up to 3 simultaneous funded accounts are permitted per trader. The maximum single account size available at checkout is $400,000 — the $4M ceiling is reached progressively through the scaling plan over time.

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💬 Community Reviews

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