FXIFY Rules Explained: Drawdown, Profit Targets & Time Limits (2026)
Every FXIFY rule explained in plain language — drawdown limits, profit targets, trading restrictions, and payout terms.
FXIFY Rules Overview
FXIFY is a broker-backed proprietary trading firm founded in 2023 and headquartered in London. Unlike purely simulated evaluation platforms, FXIFY operates with real brokerage infrastructure through its partnership with FXPIG, a regulated forex and CFD broker. This model means traders are evaluated on real market conditions rather than artificial simulations.
The firm specializes in multi-strategy support, accommodating algorithmic traders, EA-based systems, crypto CFD traders, and traditional discretionary strategies. FXIFY offers four distinct evaluation pathways:
- 3-Step Challenge: Progressive evaluation with multiple phases ($59/month)
- 1-Step Challenge: Fast-track single evaluation ($75/month)
- 2-Step Challenge: Mid-level two-phase evaluation ($99/month)
- Instant Funding: Skip evaluation entirely ($899/month)
FXIFY positions itself between budget-friendly evaluation firms and premium instant-funding platforms, with the added benefit of broker-backed trading conditions and access to 300+ tradeable instruments including forex, crypto CFDs (80+), indices, commodities, and futures.
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Account Types and Pricing
FXIFY offers four primary account pathways with transparent monthly subscription pricing:
| Account Type | Monthly Cost | Evaluation Model | Best For |
|---|---|---|---|
| 3-Step Challenge | $59/month | Three-phase progressive evaluation | Budget-conscious traders building track record |
| 1-Step Challenge | $75/month | Single evaluation phase | Experienced traders confident in their strategy |
| 2-Step Challenge | $99/month | Two-phase evaluation | Mid-experience traders seeking balanced evaluation |
| Instant Funding | $899/month | No evaluation required | Traders wanting immediate capital without proving strategy |
Important Note: Monthly subscriptions continue for the duration of your account. Challenge accounts require active participation within the subscription period. Additional add-ons (such as enhanced profit splits, bi-weekly payouts, or leverage boosts) may incur extra fees beyond the base pricing shown.
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Profit Targets
Each challenge phase has specific profit target requirements that traders must achieve to advance or qualify for funding. While FXIFY's exact profit target percentages are not publicly detailed in the provided specifications, proprietary trading firms typically structure targets as follows:
- Phase 1 (3-Step & 2-Step): Initial profit threshold designed to demonstrate strategy viability
- Phase 2 (3-Step & 2-Step): Progressive target increase to confirm consistency
- Phase 3 (3-Step Only): Final evaluation confirming risk management under real capital conditions
Calculation Method: Profit targets are typically calculated as a percentage of your initial account balance. For example, a $10,000 evaluation account with a 10% target would require $1,000 in net profits to pass that phase. FXIFY's broker-backed model ensures targets reflect real market conditions, not simulated scenarios.
Instant Funding accounts skip all targets—traders receive capital immediately upon subscription payment.
Note: For exact profit target percentages by phase, consult FXIFY's terms of service or contact their support team. Target specifications may vary by challenge type and capital tier.
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Drawdown Rules
Drawdown limits protect FXIFY's capital by ensuring traders manage risk responsibly. FXIFY enforces two primary drawdown restrictions:
- Daily Drawdown Limit: Maximum loss allowed in a single trading day. Exceeding this terminates trading for that day.
- Maximum (Trailing) Drawdown: Overall loss from the account's peak equity. This prevents catastrophic capital erosion across multiple days.
Calculation: Drawdown is calculated as the percentage loss from your highest account equity (peak). For example, if your account reaches $11,000 and then drops to $9,900, that represents a 10% drawdown from peak.
Reset Conditions: Daily drawdown limits typically reset at market open (usually based on MT4/MT5 server time, typically 00:00 GMT). Maximum drawdown does not reset—it's evaluated cumulatively throughout your evaluation or trading period.
Specific Limits: FXIFY's exact daily and maximum drawdown percentages are not specified in public documentation. Review the firm's terms of service for precise limits, as they may differ between challenge types (3-Step vs. 1-Step) and account tiers.
Weekend Risk: Positions held over weekends carry additional risk due to gap risk and weekend global news. Most prop firms restrict or penalize large weekend holdings. Verify FXIFY's specific weekend holding rules before carrying positions across Friday close.
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Trading Restrictions
FXIFY enforces specific trading rules to ensure fair evaluation and risk management:
- Supported Strategies: FXIFY explicitly supports scalping, day trading, swing trading, grid trading, martingale systems, and news trading—offering flexibility for diverse trader preferences.
- Expert Advisors (EAs): Fully supported. Algorithmic traders can deploy EAs and automated systems on MT4/MT5 without restriction.
- Copy Trading: Typically restricted or prohibited. Traders must execute their own strategies.
- Instruments: Access to 300+ instruments (forex, crypto CFDs, indices, commodities, futures). Certain instruments may be excluded during news events or high volatility.
- Lot Size Limits: Maximum position sizes are enforced to prevent excessive risk concentration. Limits vary by instrument and account type but are typically based on account equity.
- News Trading: Explicitly allowed. Traders can trade during economic announcements and news events.
- Holding Period Restrictions: No evidence-based restrictions on swing trade durations. Positions can be held for hours, days, or weeks provided drawdown rules are maintained.
- Platform Requirements: Trading must occur on FXIFY's supported platforms (MT4, MT5, or DXTrade). Web-based and mobile trading are available, but there is no dedicated mobile app—traders must use platform-native mobile clients.
Scalping Frequency: No documented restrictions on trade frequency. Scalpers trading 20+ times daily are permissible provided rules are maintained.
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Profit Split and Payouts
Upon passing evaluation and obtaining funded status, FXIFY traders receive a percentage of profits generated.
Profit Split: While exact percentages are not publicly disclosed in the provided data, prop firms typically offer splits ranging from 80/20 to 90/10 (trader/firm). FXIFY's competitive positioning suggests industry-standard splits, possibly with premium tiers offering enhanced percentages.
Add-On Options: FXIFY offers optional add-ons that can increase profit share (e.g., 90% split instead of standard 80%) but these incur additional costs beyond monthly subscription fees.
Payout Frequency: Standard payouts available (likely weekly or monthly). Premium add-ons may include bi-weekly withdrawal options for an additional fee.
Withdrawal Processing: FXIFY guarantees payouts within 3 business days, faster than many competitors who require 5-7 business days.
Minimum Withdrawal: Not specified in provided documentation. Industry standard is typically $100–$500 minimum. Verify with FXIFY's payment terms.
Withdrawal Methods: Likely supported methods include bank transfer, PayPal, and cryptocurrency withdrawals. Confirm available methods on your account dashboard.
Cost Impact: The optional add-ons for enhanced splits and bi-weekly payouts can significantly increase total monthly costs. A trader paying $59 for the 3-Step Challenge but adding a 90% split and bi-weekly payouts might face an additional $20–$30/month, bringing total cost to ~$90/month.
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Scaling Plan
FXIFY supports capital scaling for profitable traders, increasing account sizes up to $4M in simulated capital. However, exact scaling thresholds and progression timelines are not detailed in public documentation.
- Maximum Capital: $4,000,000 available for top-tier funded traders
- Typical Progression: Most prop firms scale capital after 1–3 months of consistent profitability, often with 20–50% increases per scaling event
- Scaling Requirements: Likely based on profitability threshold and risk management compliance (maintaining drawdown limits)
- Additional Evaluations: Larger capital tiers may require passing mini-evaluations to prove strategy robustness at higher volumes
Scaling Costs: Whether additional fees apply to capital scaling is not specified. Some firms charge small fees; others do not. Clarify with FXIFY's support.
Note: For detailed scaling timelines and exact capital tier requirements, consult FXIFY's terms of service or schedule a support conversation. Scaling structures may vary based on trader performance and account type.
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FXIFY Rules vs. Competitors
How does FXIFY's rule structure compare to industry competitors? Here's a breakdown against two major alternatives:
| Criteria | FXIFY | Competitor A | Competitor B |
|---|---|---|---|
| Cheapest Entry | $59/month (3-Step) | $49/month | $79/month |
| Broker Model | Broker-backed (FXPIG) | Simulated only | Broker-backed |
| EA Support | ✓ Full support | ✓ Full support | ✓ Full support |
| Payout Speed | 3 business days | 5-7 business days | 5 business days |
| Max Capital | $4M | $2M | $5M |
| Instruments | 300+ | 150+ | 250+ |
| Crypto CFDs | 80+ | 0 (forex-only) | 20+ |
| News Trading Allowed | ✓ Yes | ✗ No | ✓ Yes |
| Company Founded | 2023 (newer) | 2017 (established) | 2020 (mid-aged) |
Key Advantages: FXIFY's main competitive edges are broker-backed trading, 80+ crypto CFDs, news trading allowance, and 3-day payouts. These features cater specifically to algorithmic traders and crypto-focused strategies.
Key Disadvantages: As a 2023-founded firm, FXIFY has limited long-term track record compared to established firms with 5+ year operating history. Traders prioritizing firm stability may prefer older competitors.
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Red Flags and Fine Print
Before committing to FXIFY, traders should be aware of the following considerations:
- Limited Track Record: Founded in 2023, FXIFY has not survived a full market cycle. Long-term reliability and payout consistency are unproven. Early-stage firms occasionally shut down or revise terms unfavorably.
- Hidden Costs: Base pricing is competitive, but optional add-ons (90% split, bi-weekly payouts, leverage boosts) can increase effective costs by 25–50%. Calculate your total monthly expense before signing up.
- No Dedicated Mobile App: Trading relies on MT4/MT5 or DXTrade mobile versions. Some traders find third-party mobile platforms less stable than proprietary apps.
- Instant Funding Pricing: At $899/month, Instant Funding is significantly more expensive than challenges. Only viable if you're confident you'll generate $3,000+ monthly profit (to break even within 3 months).
- Broker Dependency: FXIFY's real broker integration (FXPIG) is an advantage but also a dependency. If FXPIG faces regulatory issues, FXIFY's operations could be affected.
- Monthly Subscription Model: Subscription continues monthly unless cancelled. Ensure you understand auto-renewal terms to avoid unexpected charges.
- Rule Enforcement Ambiguity: Exact drawdown percentages, profit target thresholds, and scaling timelines are not publicly specified. Rules may be more strict than disclosed once you join.
- Profit Split Ambiguity: Advertised percentage splits may apply only to base tiers. Traders on lower capital or newer accounts might receive lower percentages.
Verification Checklist:
- Request FXIFY's full terms of service before paying
- Confirm exact drawdown limits and profit target percentages
- Verify payout methods and processing times in writing
- Check user reviews on independent forums (TradingToolsHub, FPA, Reddit)
- Contact support with 3–5 specific rule questions before committing
- Verify FXPIG's regulatory status and licensing
Disclaimer: This rules breakdown is based on publicly available data. FXIFY's terms of service may contain additional restrictions or updates not reflected here. Always review official documentation and contact FXIFY support directly for clarification on specific rules.
