Quick Summary
FXIFY is a Dubai-headquartered prop firm offering traders up to $4 million in funded capital with a competitive 90% profit split. They support MT4, MT5, and cTrader, providing flexibility for traders of all styles. Their scaling plan and transparent evaluation make them a top choice for ambitious forex traders.
01Company Background
FXIFY launched from Dubai, United Arab Emirates, positioning itself within one of the world's fastest-growing financial centers. The firm was built by a team of experienced traders and fintech professionals who recognized the growing demand for accessible, high-capital prop trading opportunities. Dubai's business-friendly regulatory environment and strategic timezone bridging Asian, European, and American trading sessions made it an ideal headquarters.
Since its inception, FXIFY has processed thousands of evaluations and funded hundreds of traders worldwide. The company has built a reputation for reliability, transparent rules, and prompt payouts. Their technology stack integrates directly with major liquidity providers, ensuring that funded traders experience institutional-grade execution.
FXIFY continues to expand its offering, regularly updating challenge parameters based on trader feedback and market conditions. Their commitment to trader success is evidenced by educational resources, an active community forum, and a dedicated account management team for funded traders.
02Challenge Types & Pricing
FXIFY offers multiple evaluation pathways designed to accommodate different trading styles and experience levels. Their standard two-phase challenge requires traders to hit specific profit targets while respecting maximum drawdown limits. Phase 1 typically requires an 8-10% profit target, while Phase 2 reduces to 5%, reflecting a focus on consistency over aggressive returns.
The firm also provides a one-phase rapid evaluation for experienced traders who prefer a faster route to funding. This option features a slightly higher profit target but eliminates the waiting period between phases. Account sizes range from $10,000 to $400,000 at the evaluation stage, with scaling opportunities pushing total capital to $4 million.
All challenge types share core rules: no weekend holding restrictions on most account types, news trading permitted within guidelines, and no minimum trading day requirements on select plans. This flexibility sets FXIFY apart from more restrictive competitors and appeals to swing traders, day traders, and news traders alike.
03Trading Rules Analysis
FXIFY maintains a balanced rule set that protects capital while giving traders meaningful freedom. The maximum daily drawdown is set at 5% of the account balance, while the overall maximum drawdown sits at 10%. These industry-standard limits prevent catastrophic losses while allowing normal trading fluctuations.
Traders can hold positions overnight and, on most account types, through weekends. Expert Advisors (EAs) and algorithmic trading are permitted, provided they do not exploit system vulnerabilities. FXIFY also allows hedging and scaling into positions, giving traders the tools they need to implement sophisticated strategies.
The firm enforces a minimum trading period of several calendar days during the evaluation phase, ensuring that profits come from genuine trading activity rather than a single lucky trade. Lot size limits scale proportionally with account size, and traders must respect leverage caps that vary by instrument category, with major forex pairs typically offering higher leverage than exotics or commodities.
04Payout Process
FXIFY offers one of the more straightforward payout processes in the prop trading industry. Once funded, traders can request their first payout after a defined initial trading period, typically 14 calendar days. Subsequent payouts can be requested on a bi-weekly or monthly cycle depending on the account tier.
The 90% profit split applies from the first payout, with no graduated increase required. Payouts are processed via bank wire transfer, cryptocurrency, or popular e-wallets, giving traders worldwide convenient access to their earnings. Processing time averages 1-3 business days from approval.
FXIFY's scaling plan allows traders who demonstrate consistent profitability to increase their account size incrementally. After meeting specific profit milestones and maintaining drawdown discipline, traders can scale from their initial funded amount up to the $4 million maximum. Each scaling milestone also offers the possibility of improved payout terms, reinforcing the firm's commitment to long-term trader partnerships.
05True Cost Analysis
FXIFY's challenge fees are competitive within the premium prop firm segment. A $100K evaluation typically costs between $400-$550 depending on the challenge type selected. When compared to the potential earnings from a $100K funded account with 90% profit split, the ROI potential is substantial for traders who pass.
The firm occasionally offers promotional discounts and refunds the challenge fee upon the first successful payout from a funded account. This refund policy effectively makes the evaluation free for successful traders, reducing the true cost to zero for those who demonstrate consistent profitability.
06Who Should Use FXIFY?
FXIFY is ideally suited for intermediate to advanced forex traders who have a proven strategy and seek significant capital to amplify their returns. The firm's generous $4M scaling potential makes it particularly attractive for traders with ambitions beyond the typical $100K-$200K funded account range.
Traders who value platform choice will appreciate the MT4, MT5, and cTrader support, especially those running algorithmic strategies on cTrader's robust API. The Dubai timezone and 24-hour support also benefit traders in Asia-Pacific and Middle Eastern regions who may find European or US-based firms less accessible.
07Alternatives
Traders considering FXIFY should also evaluate FTMO for its established track record, FundedNext for its 95% profit split at scale, and The5ers for their unique instant funding option. Each competitor offers distinct advantages: FTMO provides the most recognized brand, FundedNext pushes profit splits higher, and The5ers eliminates the evaluation phase entirely on select plans.
For traders specifically seeking the maximum possible funding, The5ers and FundedNext also offer $4M scaling paths. However, FXIFY's combination of 90% split, triple-platform support, and Dubai-based operations creates a unique value proposition that may suit traders looking for a balanced, premium offering.