FXIFY Prop Firm Review – What You Need to Know in 2025

FXIFY, founded in May 2023 and headquartered in London, UK, is a proprietary trading firm led by co-founders David Bhidey and Peter Brown. Offering virtual funded accounts from $5,000 to $400,000, scalable to $4 million, it provides profit splits up to 90% and supports trading in forex, indices, commodities, stocks, and cryptocurrencies. Backed by FXPIG, a regulated broker since 2010, FXIFY has paid out over $30 million to traders and earned a 4.6/5 Trustpilot rating from over 3,200 reviews.

FXIFY Best suited for:

Beginners: Affordable fees starting at $39 and customizable add-ons.
Intermediate traders: Flexible one-phase, two-phase, and three-phase evaluations.
Experienced traders: High leverage, instant funding, and on-demand payouts.
Scalpers and automated traders: Supports EAs, grid trading, and Martingale strategies.

Overall rating:

Pros & Cons of FXIFY

Pros

High Profit Splits: Up to 90%, starting at 75%, with 10% from challenge profits.
Flexible Funding Models: One-phase, two-phase, three-phase, Lightning, and instant funding.
No Time Limits: Unlimited trading days for most programs, except Lightning (7 days).
On-Demand Payouts: First payout after one profitable trade, processed in hours.
Customizable Add-Ons: Increase leverage, profit splits, or payout frequency at checkout.
Wide Asset Range: Over 300 instruments, including forex, crypto, and stocks.

Cons

Only MetaTrader platforms available:
Weekend trading not available on most accounts:
Payout timelines may vary based on verification speed:

How Does FXIFY Work? (Step-by-Step Guide)

Choose an account size & challenge type: One-phase, two-phase, three-phase, Lightning, or instant funding ($5,000-$400,000).
Pass the evaluation: 5%-10% profit targets per phase (none for instant funding).
Get funded: Trade a live account via FXPIG with real profit potential.
Profit splits & payouts: 75%-90% split, first payout on-demand after one profitable trade.

FXIFY Account Types & Funding Options

Account sizes: $5,000 to $400,000, scalable to $4 million. Funding models: o One-Phase: 10% profit target, 3% daily/6% trailing drawdown. o Two-Phase: 10% then 5% profit targets, 4% daily/10% max drawdown. o Three-Phase: 5% per phase, 5% daily/10% static drawdown. o Lightning: 5% profit target in 7 days, 3% daily/4% trailing drawdown. o Instant Funding: No evaluation, 8% daily/8% trailing drawdown, $1,000-$50,000. Profit splits: 75% default, up to 90% with add-on
100% on challenge profits with instant funding. Challenge fees: $39-$1,999, refunded with first payout plus 25% bonus.

Profit Targets & Payouts

Profit targets: 5%-10% per phase, depending on program
none for instant funding.
Payouts: Via bank transfer, crypto (USDT, BTC), or Rise, processed in hours, no minimum/maximum.
Payout frequency: On-demand after first profitable trade, then monthly or bi-weekly with add-on.
Maximum drawdown: 6%-10% overall, varies by program.
Daily drawdown limit: 3%-8% of starting balance.
Comparison: FXIFY’s 3%-8% daily drawdown is more flexible than FunderPro (5%) but aligns with The 5%ers (5%)
on-demand payouts are faster than FTMO’s bi-weekly schedule.

Leverage & Trading Conditions

Leverage: Up to 1:50 for forex/gold (with add-on), 1:20 for indices, 1:5 for oil, 1:2 for stocks/crypto.
Lot size restrictions: None, but must comply with drawdown and consistency rules.

Allowed & Restricted Trading Strategies

Allowed Trading Strategies

Scalping: Short-term trades on small price movements.
Swing Trading: Holding positions for days or weeks.
News Trading: Permitted, except 2 minutes before/after high-impact news without add-on.
Overnight/Weekend Trading: Allowed, enhancing flexibility.
Expert Advisors (EAs): Supported, including grid trading and Martingale, if client-developed.

Restricted Trading Strategies

Arbitrage Trading: Exploiting price discrepancies or glitches.
High-Frequency Trading (HFT): Ultra-fast trades measured in seconds.
Hedging Across Accounts: Coordinating trades between accounts.
Inconsistent Trading: Best day capped at 15%-45% of total profits in challenges.
Exploiting Platform Errors: Taking advantage of glitches or delays.

How Long Does It Take to Get Funded by FXIFY?

Challenge duration: Unlimited for most programs, 7 days for Lightning
minimum 5 trading days.
Evaluation speed: One-phase can take days
two/three-phase takes 1-4 weeks
instant funding is immediate.
User experiences: Fast funding (24-48 hours), but some report payout delays.

How Long Has FXIFY Been Around?

FXIFY has been operating since May 2023, with over $30 million paid out to traders. Its partnership with regulated broker FXPIG and a 4.6/5 Trustpilot score from over 3,200 reviews build trust, but its short history compared to The 5%ers (since 2016) or FTMO (since 2014) suggests caution for long-term reliability.

Who Owns FXIFY? (Founder & Company Background)

Founder(s): David Bhidey (tech/e-commerce veteran, FXPIG Introducing Broker) and Peter Brown. Company headquarters: London, UK (FXIFY Solutions Limited, Company No. 14451720). Mission & vision: To empower traders with capital, flexible programs, and innovative tools like Trading Central’s Economic Calendar and Technical Insights. Regulatory status: Unregulated, partners with regulated broker FXPIG for execution, ensuring KYC/AML compliance via Sumsub.

What Can You Trade with FXIFY? (Supported Markets & Assets)

Markets offered: Forex (42 pairs), indices (13), commodities (7), stocks (30), cryptocurrencies (7). Forex pairs: Major, minor, exotic (e.g., EUR/USD, USD/JPY). Indices & commodities: S&P 500, NASDAQ, gold, silver, oil. Crypto trading: Bitcoin, Ethereum, and select altcoins. Restrictions: No HFT, arbitrage, or trading 2 minutes before/after high-impact news without add-on, consistency rules apply.

Does FXIFY Offer Education & Trader Support? (Learning Resources & Coaching)

Limited, free Trading Central tools (Economic Calendar, Technical Insights), but no webinars or courses. Trader development: Robust dashboard with real-time metrics and analytics. Coaching programs: None, relies on community and support team guidance. Community & networking: Active Discord with global trading competitions offering free $400,000 challenges.

How Good is FXIFY’s Customer Support? (Response Time & Availability)

Support channels: Live chat (4 AM-1 PM EST), email, Discord, phone. Response times: Typically within hours, praised for professionalism. Operating hours: 24/5 for email/Discord, live chat limited to business hours. Trader feedback: Positive for quick responses and clarity, some delays reported for payout disputes or platform issues.

Is FXIFY a Scam or a Legit Prop Firm?

FXIFY is a legitimate prop firm, verified by UK registration (FXIFY Solutions Limited, No. 14451720), a 4.6/5 Trustpilot rating from over 3,200 reviews, and over $30 million in payouts. Its partnership with FXPIG, KYC via Sumsub, and payouts through Deel add credibility. Social media posts praise fast payouts (some in 3 minutes) but warn of payout risks.

Alternatives to FXIFY – How It Compares

FTMO: Higher trust score (4.9/5), 90% split, but stricter news trading rules and no instant funding. The 5%ers: Up to 100% split, no crypto, excludes US traders, and less frequent payouts. FundedNext: 95% split, 15% challenge profits, but similar payout concerns and no instant funding.

Final Verdict – Should You Trade with FXIFY?

FXIFY is ideal for traders seeking flexible evaluations, instant funding, and high profit splits up to 90%, with support for crypto, grid trading, and EAs. Its on-demand payouts, refundable fees with a 25% bonus, and scaling to $4 million are major draws, backed by a strong community and FXPIG’s infrastructure. However, its short history since 2023, unregulated status, payout denials for vague reasons, and reported platform issues like slippage raise concerns compared to established firms like FTMO or The 5%ers. Traders should research recent reviews balancing its innovative features against potential risks.

FXIFY