About FXIFY & Trader.fxify.com

FXIFY is a prop trading firm launched in 2023 that offers evaluation (challenge) accounts and then funds traders who pass. ^{:contentReference[oaicite:0]{index=0}} Their platform supports multiple evaluation formats (one-phase, two-phase, three-phase, instant funding) and provides up to **$400,000** in capital (and scaling beyond). ^{:contentReference[oaicite:1]{index=1}}

“Trader.fxify.com” seems to be a subdomain or part of their broader setup; on Trustpilot, there is a listing under **Trader Fxify** (1 review, rating 3.2/5) ^{:contentReference[oaicite:2]{index=2}}. That suggests either a specific division, region, or software layer of FXIFY.

History & Background

FXIFY was founded in 2023. ^{:contentReference[oaicite:3]{index=3}} It is relatively new compared to legacy prop firms, so its track record is limited. ^{:contentReference[oaicite:4]{index=4}}

The firm claims over $30 million in payouts to its traders in its first year. ^{:contentReference[oaicite:5]{index=5}}

FXIFY positions itself as a flexible prop firm with minimal trading restrictions (news, EAs, grid, etc.), unlimited time for challenge completion, and optional add-ons. ^{:contentReference[oaicite:6]{index=6}}

Because the firm is new, external scrutiny of its internal operations is limited; many details (especially hidden rules) must be inferred from user feedback and rule documents.

Leadership, Founders & Management

One external source claims FXIFY was co-founded by **Peter Brown** and **David Bhidey**. ^{:contentReference[oaicite:7]{index=7}} However, I did not locate official confirmation on FXIFY’s site or regulatory filings naming CEO, board, or management team.

Given the opacity, caution is warranted. Before publishing or investing, consider verifying via corporate registries (UK, London address), regulatory databases, or asking FXIFY directly for leadership disclosure.

Business Model & Funding Structure

FXIFY relies on a traditional “pay for challenge, share profits” model:

• Traders pay an evaluation / challenge fee to begin
• They must hit profit targets and stay within drawdowns during phases (1, 2, or 3) ^{:contentReference[oaicite:8]{index=8}}
• Upon success, they are granted a funded account, with profit splits favoring the trader (up to 90%) ^{:contentReference[oaicite:9]{index=9}}
• Scaling is available — traders can grow their capital base over time ^{:contentReference[oaicite:10]{index=10}}

FXIFY also sells add-ons and upgrades (e.g. increased leverage, improved profit split, etc.) as optional extras. ^{:contentReference[oaicite:11]{index=11}}

Challenge Programs & Profit Splits

FXIFY provides multiple challenge tracks:

• One-Phase
• Two-Phase
• Three-Phase
• Instant Funding
• Lightning / Speed / Fast Track

Some key published conditions:

• Profit target: typically ~10% for Phase 1 / Step 1 ^{:contentReference[oaicite:12]{index=12}}
• Daily loss limits: 3–5% depending on plan ^{:contentReference[oaicite:13]{index=13}}
• Maximum total (static) drawdown: often ~10% ^{:contentReference[oaicite:14]{index=14}}
• No hard time limits in many challenges (unlimited trading days) ^{:contentReference[oaicite:15]{index=15}}
• Minimum trading days: often ~5 days ^{:contentReference[oaicite:16]{index=16}}
• Profit split: base ~80%, upgradeable to ~90% via paid add-ons ^{:contentReference[oaicite:17]{index=17}}

FXIFY allows algorithmic trading, news, hedging, grid, etc., which is more flexible than many prop firms. ^{:contentReference[oaicite:18]{index=18}}

The firm’s scaling program lets funded traders increase their capital base if they maintain consistent performance. ^{:contentReference[oaicite:19]{index=19}}

Rules, Drawdowns & Hidden Clauses

Published Rules

• Daily drawdown limit (varies by plan) ^{:contentReference[oaicite:20]{index=20}}
• Total drawdown / static drawdown limit ^{:contentReference[oaicite:21]{index=21}}
• Minimum trading days / trades ^{:contentReference[oaicite:22]{index=22}}
• Unlimited time to complete challenge in many cases ^{:contentReference[oaicite:23]{index=23}}
• Allowed strategies include EAs, hedging, news, grid, etc. ^{:contentReference[oaicite:24]{index=24}}

Potential Hidden / Reported Clauses

• Strict pip-level enforcement: A tiny overshoot may trigger disqualification
• Slippage during high volatility or news events might affect drawdown rules
• Charges or conditions on add-ons may have fine print restrictions
• Payout verification or audit steps may delay payments beyond advertised timelines
• Reset policies: rule breaks may cause challenge resets without clear warning

Payouts, Offers & Discount Mechanisms

FXIFY’s payout schedule is typically bi-weekly for funded accounts. ^{:contentReference[oaicite:25]{index=25}}

Some traders mention “instant payout” (first payout on demand) in reviews or promotional contexts. ^{:contentReference[oaicite:26]{index=26}}

Add-ons / upgrades (e.g. higher profit split, better leverage) are paid extras. ^{:contentReference[oaicite:27]{index=27}}

Discounts or promo codes are used by reviewers (e.g. “10% discount with JEM code”) in YouTube reviews.