FXIFY Review: Prop Firm 20% Discount Code, Legit or Scam

FXIFY prop firm is an innovative firm that allows traders to trade with accounts from $15k to $400k and can scale up $4 million capital. Not just that, FXIFY aims at providing everything forex brokers have but in a prop firm rather than a brokerage, FXIFY prop firm has one of the smallest and fastest payouts where withdrawals are completed within 24 hours. There is no consistency rule and accounts are customizable with many add-ons to help traders enjoy the same features of brokerage and succeed while trading proprietary accounts.

In this FXIFY prop firm review article, I’m going to explore this game changer and an innovative trading platform in the prop firm market. Read the article to the last as I’m going to be discussing FXIFY review in detail, revealing its different funding accounts, their numerous features, and why FXIFY prop firm stands out from other competitors.

By following and reading through to the end of this post you will not only learn about and understand the FXIFY prop firm better but also get equipped with clearer ideas to decide whether the firm is the right funding platform for your trading needs.

What Is FXIFY Prop Firm?

First, what is FXIFY prop firm, Fxify is an online funding platform known as a proprietary trading firm, it provides funding to traders to enable them to trade financial instruments like Forex, stocks, commodities, Crypto, and indices. FXIFY prop firm was founded with the aim of providing its users with a unique trading experience that sets it apart from other prop firms.

FXIFY prop firm understands that traders have different trading styles and mindsets, having that in mind they came up with offers that give traders the opportunity to customize their trading experience and account structure, Fxify offers one of the fastest payouts that lets traders request withdrawals as soon as they close their first profitable trade on a funded account, payouts are processed within 24 hours via Deel payment solutions, this has differentiated them from many other prop firms.

With these features in place, traders typically are paid even faster, meaning that they can secure their initial sign-up fee straight away after making their first profit or continue trading till they feel like making a withdrawal. This is a unique feature that differs a lot from other prop firms where traders typically wait for 2 weeks to 30 days before they can withdraw their profits.

FXIFY Review

As mentioned earlier, with FXIFY prop firm, you gain access to a funded account and the ability to trade a wide range of markets like stocks, crypto, indices, and Forex pairs with over 300 trading Fxify instruments and over 15 payout options via Deel, the firm truly has something for every trader. FXIFY prop firm has different types of accounts to suit every trader regardless of experience or skill level.

FXIFY prop firm works in a way that allows you to go through a one-phase evaluation process or two-phase challenge to prove your trading skills and as soon as you pass the challenge, FXIFY prop firm will then provide you access to a funded account where you can trade and make profits more than you would have been able to do with a brokerage.

The cool aspect of FXIFY prop firm is it allows you to tailor your trading account to suit what works best for your trading style, such as the ability to increase the leverage on your account so as to trade at your own pace during the evaluation phase. This gives you the the ability to choose your own payout period, unlimited trading days as well as FXIFY MT4 or MT5 trading platform.

FXIFY Customizable Account and Features

FXIFY Spreads: Spreads are still very competitive compared to many other prop firms. You can choose from raw spreads or all-in (commission-free) pricing feeds. So, they actually want traders to be happy as they trade and level up their accounts and this feature is proof of that.

FXIFY profit split: The FXIFY prop firm profit split is up to 90% when you make a profit, in the account add-ons you have the ability to customize your account to suit your needs and this can also affect the size of your profit split. The payout duration is very fast as traders can make their first profit and withdraw it on the first day of trading a funded account.

FXIFY Leverage: In terms of their trader-friendly leverage that can be customized up to 50:1, according to the trader’s preference. FXIFY standard account has 30:1 leverage while traders with a more aggressive trading style can choose to upgrade to 50:1 leverage. This is helpful to experienced traders who want to scale up their profits faster.

FXIFY Scaling plan: FXIFY prop firm allows traders the ability to scale up their account balance up to $4,000,000 capital, making it one of the most generous prop firms in the market.

With FXIFY Customizable account features, you can choose an unlimited amount of trading days, upgrade your profit split from 75% to 90%, and even change the payment structure to bi-weekly payments instead of monthly.

FXIFY Owner and Registration.

FXIFY owners are a team consisting of David Bhidey, Peter Brown, and Robert Winters who have over 30 years of collective trading and brokerage experience. FXIFY prop firm was founded in March 2023 and registered in London, United Kingdom under the name FXIFY Solutions Limited and registration number: 14451720.

The proprietary firm – FXIFY broker backing is FXPIG, a reputable Forex broker that has been in the retail financial markets for 13 years and was a broker for one of the largest prop firms in the space. With these details, great customer ratings, and many payout proofs one is sure that FXIFY is a legit prop firm.

FXIFY Trading Models.

The FXIFY prop firm offers one of the cheapest prop firm challenge programs in the industry with its two trading models – 1 phase and 2 phase models. The challenge programs come with straightforward rules and no hidden rules. Traders can choose to trade a any of the challenge programs based on their preferences.

When selecting the account type that is right for you, you need to first decide whether you want to expedite your journey and go through a one-phase evaluation or go through a two-phase evaluation program which allows you to trade with a little more flexibility.

Once you sign up for the account, you are to comply with the FXIFY trading rules such as 5% daily loss limit and Max drawdowns. They also offer a profit split up to 90 and 50:1 leverage if you so choose.

FXIFY proprietary firm charges a one-time fee for each account type whether the 1 phase or 2 phase evaluation program, their fee starts from $99 for a $15,000 account and goes up to $1,999 for a $400,000 account, similar to other firms this fee is refundable, meaning that you will be given back 100% of the cost of the assessment fee plus an extra 25% after passing the evaluation, reach the required profit target and make your first withdrawal.

FXIFY 1 Phase Challenge

The FXIFY 1 phase challenge program is targeted at experienced traders who want to increase their capital quickly. The one-phase program allows them to access capital after they have successfully achieved the trading objectives in one assessment.

With a one-time fee of $99 to $1,999, traders can trade an account balance ranging from $15,000 to $400,000. The 1 phase challenge accounts come with a daily drawdown of 5%, an overall trailing drawdown limit of 6%, 5 minimum trading days, and a 10% profit target.

FXIFY 2 Phase Challenge

On the other hand, the FXIFY 2 phase challenge program is meant for traders with consistent discipline over 2 assessments. Once a trader reaches the objectives in the first challenge a second phase known as the assessment phase will then be undertaken before they can access a funded account.

The 2 phase challenge allows traders to access capital ranging from $15,000 to $400,000 with a one-time fee of $99 to $1,999 only. The 2 phase program comes with a 5% daily drawdown limit, a 10% maximum drawdown, a minimum of 5 trading days, and a 10% profit target.

To pass any of these challenge programs requires you to hit the profit target of 10% within 30 days or unlimited days. After successfully reaching the 10% profit target, the trader will be given access to their funded trading capital. After choosing the evaluation type, you will have to tailor your account to your goals and trading style. At this point, you can choose to increase your leverage and determine your profit split as well as your payout schedule

FXIFY Account Sizes and Fee

FXIFY prop firm has a wide range of account types suitable for different trading styles and preferences. For beginner traders, they offer accounts starting from $15,000 capital to $50,000. The prop firm offers one of the cheapest $100,000 challenge accounts which are recommended for experienced traders, and going all the way up to $400,000 for the expert traders accounts.

FXIFY 1 Phase Account Sizes and Fee.

Account sizes:

• $15,000 = $99
• $25,000 = $175
• $50,000 = $325
• $100,000 = $475
• $200,000 = $999
• $400,000 = $1,999

FXIFY 2 Phase Account Sizes and Fee.

Account sizes:

• $15,000 = $99
• $25,000 = $175
• $50,000 = $325
• $100,000 = $475
• $200,000 = $999
• $400,000 = $1,999

FXIFY Rules

The FXIFY trading rules for trading a funded account are the same as the Assessment account. The only difference is that phase 1 and phase 2 programs have different parameters and drawdown rules. However, with a Funded account, there is no profit target to reach.

FXIFY One Phase Rules: All FXIFY 1 phase challenge programs have a 10% profit target, 5% daily drawdown, 6% maximum drawdown, 5 minimum trading days, 30 maximum trading days (unlimited days available), 75% to 90% profit split, up to 50:1 leverage and a one-time refundable fee.

FXIFY Two Phase Rules: FXIFY 2 phase challenge program comes with a 10% profit target for step 1 of the assessment and a 5% profit target for the second step of the assessment, a 5% daily loss limit, 10% maximum drawdown, 5 minimum trading days, 30 maximum trading days for step 1, 60 trading days for step 2 (unlimited days available), up to 90% profit split, leverage up to 50:1, and a one-time refundable fee.

Drawdown Type: It is also worth mentioning that the FXIFY 1-phase challenge account drawdown type is trailing, while the 2-phase challenge drawdown type is static. This means that the drawdown increases as the account equity increases till the trader is able to reach 6% profit, then it locks and becomes static. On the other hand, static drawdown is pegged at the starting balance and doesn’t move up if the account equity increases.

FXIFY Discount Code 20% Saving

FXIFY discount codes come in different forms such as 15% off and 20% off. These coupon codes help traders to benefit from unbeatable offers, reducing the cost of the challenge fee further.

Traders can save an extra 15% off the challenge fee by applying the FXIFY discount code: AUG15 when signing up for the FXIFY prop firm challenge. Also, traders can save even more, as much as 20% extra by applying the FXIFY discount code: SOCIAL20. These are amount the best savings on cost prop firm discount codes available.,

FXIFY Payouts and Withdrawal

FXIFY payout is very attractive with a profit split up to 90%, traders can request payouts as soon as they make profits trading their funded account. Withdrawals are done through Deel payment solutions and payouts can be processed within 24 hours, making it one of the fastest payout prop firms in the industry.

Payout proofs of FXIFY prop firm are uploaded on the FXIFY discord channel where everyone can access and confirm the proof of their payouts to traders.

FXIFY Trading Platform and Interface

Another interesting thing about FXIFY prop firm is their powerful interface which is very noticeable by just browsing around their website. They were very intentional about the aesthetic design of their platform, everything is done with the intention of making the platform as accessible and easy as possible for their traders to be successful.

Metatrader 4 and 5: Also, FXIFY proprietary firm provides their traders the ability to choose between FXIFY MT 4 and FXIFY MT 5, allowing you to choose the platform that you are more comfortable with. They also have a trading dashboard equipped with advanced analytics that empowers traders to comprehensively monitor their performance and account statistics.

Account Interface: The beauty of this feature is that it helps to facilitate the identification of areas that might need improvement and the recognition of patterns to enhance consistency and overall performance. The dashboard was designed to provide traders with all the necessary tools and information needed throughout their trading period, all in one central location.

Also included in the dashboard are advanced account metrics, a comprehensive trade Journal, exclusive trader discounts, traders leaderboard as well and challenge account analysis.

FXIFY Pros and Cons.

As a game changer and innovative prop firm that aims to offer something for every trader irrespective of skills and experience level, FXIFY prop firm has its own many advantages as well as disadvantages. Traders are different and may not find all features great Here we will list some of the pros and cons that traders need to consider before deciding if the firm is suitable for them.

Pros.

• Big Capital: FXIFY prop firm provides big capital for traders, allowing them to trade with bigger equity which can help them make more profits and grow their accounts faster.
• Flexible Trading Models: The firm provides flexible trading models, that allow traders to choose the model that best suits their trading style in a way that is comfortable for them.
• Fast Payouts: Payouts at FXIFY are fast and can be completed within 24 hours of a request. Not only that, traders can request to withdraw as little as  $10 profit starting from the first day of trading a funded account.
• Cheaper Challenge: FXIFY prop firm has one of the best cost-effective and cheaper challenge accounts which allows traders to start with a $15,000 account for as low as $99.
• FXIFY Refund: If you meet the trading objectives and profit targets, you will get a 100% refund of your subscription fee. Not only that. You will also get an extra 25% of the fee during your first payout.
• Customizable Accounts: The firm allows you to tailor your trading account by increasing the leverage to suit your trading style.
• FXIFY Add-ons: Traders have the choice to choose the feature they want in their accounts. Such as unlimited trading days, RAW or All-in price feeds, On-demand withdrawal, and many more.
• Use Of EAs: Traders who prefer trading with Expert Adviros can choose FXIFY prop firm as it allows trading with EA bots
• No Consistency Rule: Traders who pass the evaluation process do not need to go through a consistency rule process.
• Static Drawdown: FXIFY 2 phase account’s drawdown remains static at the starting balance for the life of the account.

Cons

• No Instant Funding: FXIFY proprietary firm does not offer instant funding accounts, this can be a turn-off for traders who don’t want to go through an evaluation process.
• Minimum Trading Days: The firm has a minimum of 5 trading days for each of the challenge phases so for the 2 phase evaluation you need a minimum of 10 trading days to pass and get funded.
• Maximum Days Limit or Unlimited Days: Also there a 30 maximum trading days for the step 1 challenge and 60 maximum days limit for step 2 evaluation, although this can be customized for unlimited trading days using the FXIFY add-on.
• Trailing Drawdown: The overall 6% drawdown of the 1 Phase challenge is trailing, this means that your drawdown limit will keep increasing as your equity increases, till you reach a 6% profit, then it turns static

FXIFY Customer Reviews

FXIFY  prop firm has excellent user reviews on Trustpilot with a star rating of 4.5 from 92 users, 5 stars covering 83% of the total ratings, and 1 star at just 7%.

Most of the users have praised the firm for its excellent customer support, great user interface, fair trading rules, cost-effective challenge programs as well and cutting-edge platform.

About 5 other traders have rated the firm low, complaining about its customer care support while another user complained that his trades didn’t close when he hit his take profit points, but were closed when it got to the stop loss levels.

Is FXIFY Legit Prop Firm or a Scam?

FXIFY prop firm is a legit funding platform, considering the criteria to differentiate legit prop firms from scams. The firm is registered with an office located in the UK and a founding team of professionals who are well-known in the market. The FXIFY firm has straightforward rules, and a transparent fee structure and has so far processed a payout amounting to over two hundred and fifty-three thousand dollars ($253,000) between the 15th and 26th of August 2023, with verifiable payout proofs.

Based on these and many other findings, plus the excellent user reviews of FXIFY prop firm most of its users testified having amazing experiences with the firm as it satisfied their trading needs. We can confidently say that FXIFY is a legitimate prop firm that is built to last for a long time.

Up Coming Features

FXIFY Social Copy Trader: The prop firm is also building advanced features called FXIFY social copy trading where you can copy the trades of high-performing traders or set up your account to be copied by other traders and receive commissions from their winning trades.

FXIFY Prepaid Card: Another amazing feature that they will launch soon is the FXIFY prepaid card that allows traders to withdraw their profits anytime and anywhere without delays. Traders can request for their profits to be transferred to their prepaid cards so they can spend profits instantly anywhere the card payment is accepted.

Conclusion

FXIFY review shows that the prop firm is arguably one of the best prop firms out there, with its innovative features and amazing offers that make it stand out from the rest. One of the things I like most is the ability for traders to withdraw as little as $10 profit from the account even from the first day of trading a funded account.

With all the great features of FXIFY prop firm such as the cheaper prop firm challenge programs, giving their $15,000 account for $99 and offering one of the cheapest $100,000 challenge programs at just $475. This means that you can get a $100,000 challenge account with unlimited trading days for less than $500. You also save 20% or 15% extra on fees if you use the FXIFY discount codes: SOCIAL20 & AUG15 when signing up for the FXIFY prop firm challenge.

By considering all these amazing features plus the extremely user-friendly interface to cutting-edge analytics tools, you will agree with me that FXIFY prop firm is a truly unique trading platform that offers a range of features and great advantages for their traders, providing them with a unique trading experience.