New to funded trading?
Explore all marketsThis FXIFY review looks at a UK-registered prop firm that sells forex, gold, indices, oil and stock evaluations through 5 main programs: One Phase, Two Phase (in Classic, Standard and Pro versions), Three Phase, Lightning and Instant Funding. Entry prices start at $39 and accounts run up to $400,000. The firm also points to a partner broker, FXPIG, which is part of its pitch.
The detail that decides most outcomes at FXIFY is not the price. It is which drawdown model sits under the plan you buy. Some FXIFY programs use a static max drawdown that never moves. Others trail your balance upward until your first payout. Two plans with the same price and the same 10% headline can behave very differently once you are in profit.
Every figure below comes from FXIFY's own site and help centre in November 2026. Prices change with promotions, so check the official site before you buy.
Highlights of this article
- FXIFY sells One Phase, Two Phase (Classic, Standard, Pro), Three Phase, Lightning and Instant Funding programs, with list prices from $39 (Three Phase $5K) up to $2,950 ($400K)
- Drawdown depends on the plan: Two Phase Classic, Two Phase Pro and Three Phase are static, while One Phase, Two Phase Standard and Lightning trail your balance
- The daily loss limit is 3% to 5% of the previous day's closing balance, reset at 5 PM EST, and equity below that level breaches the account
- The default split is 80%, with 90% as a paid add-on on most plans, and the evaluation fee is refunded with the first payout on the One, Two (Standard) and Three Phase plans
- FXIFY does not accept residents of the United States and 34 other listed jurisdictions, and its Trustpilot score is 4.3 from 6,595 reviews (November 2026)
What Is FXIFY
FXIFY is the trading name of FXIFY Solutions Limited, a company registered in the United Kingdom (Company No. 14451720) with an office in Clerkenwell, London. Its footer describes the company as "operating as a payment agent". It sells evaluations: you pay a fee, hit a profit target inside the loss limits, and move to a funded stage where you keep a share of the profits.
The product range is wide for a forex-first firm. FXIFY lists more than 100 instruments across FX, metals, indices and stocks, with a crypto program marked as new and a separate futures brand (FXIFY Futures) on its own site. Platforms are MT5, DXtrade and TradingView, with default leverage of 30:1 on FX and gold (50:1 via an add-on on most plans). You also choose between a RAW price feed (tight spreads plus $6 per lot per side) and an All-in feed (wider spreads, no commission). Stocks cost 0.35% of notional on both feeds.
FXIFY Programs, Prices and Targets
These are FXIFY's list prices before discount codes. A November sale code was running at the time of writing, so checkout prices may be lower.
| Program | Sizes | List price | Profit target | Daily loss | Max drawdown |
|---|---|---|---|---|---|
| One Phase | $5K to $400K | $59 to $2,950 | 10% | 3% | 6% trailing |
| Two Phase Standard | $5K to $400K | $59 to $2,950 | 10% then 5% | 4% | 10% trailing |
| Two Phase Classic | $5K to $100K | $59 to $549 | 5% then 10% | 4% | 10% static |
| Two Phase Pro | $10K to $250K | $129 to $1,350 | 4% then 8% | 4% | 8% static |
| Three Phase | $5K to $400K | $39 to $1,599 | 5% in each phase | 5% | 5% static |
| Lightning | $10K to $100K | $59 to $399 | 5% | 3% | 4% trailing |
A $100K account costs $399 to $599 depending on the program. Instant Funding skips the evaluation entirely, goes up to $50K, and pays bi-weekly.
Minimum days and time limits
Most FXIFY evaluations have no time limit, but every account is breached after 60 days of inactivity. Minimum trading days vary: 5 per phase on One Phase, Two Phase Standard and Three Phase, 4 per phase on Two Phase Classic, and 3 qualifying days on Two Phase Pro (a day counts only if profit reaches 0.5% of the initial balance by 5 PM EST). Lightning is the exception. It must be passed within 7 calendar days and 5 trading days of your first trade, with at least 3 trading days.
The Drawdown Model: Static or Trailing, Depending on the Plan
Static programs. Two Phase Classic (10%), Two Phase Pro (8%) and Three Phase (5%) use a static max drawdown. The floor is set from your starting balance and does not move as you profit. On a $100K Classic account the floor stays at $90,000 whether your balance is $100,000 or $115,000. That is the same idea we explain in static maximum drawdown explained: your loss room grows as you bank profit.
Trailing programs. One Phase (6%) and Two Phase Standard (10%) trail a balance-based high-water mark. FXIFY's own example: on a $100K Standard account the floor starts at $90,000, and if your balance rises to $110,000 the floor moves up to $100,000. Profit you bank does not widen your cushion. The trailing stops once you request your first payout, when the floor locks at the initial balance.
Lightning trails as well. The 4% floor follows your highest balance until you reach 104% of the starting balance, then locks at the starting balance. On a $100K account it starts at $96,000 and locks at $100,000.
The practical point: Two Phase Standard and Classic cost the same up to $100K and both say 10% max drawdown, but Classic is static and Standard trails. Classic keeps your cushion, though it adds a funded consistency rule. For more on trailing models, see EOD trailing vs tick-by-tick drawdown.
How the daily loss limit is measured
On every FXIFY program the daily loss limit is calculated from the previous day's closing balance, recorded at 5 PM EST, and it is checked against equity. If equity drops below that level at any point, the account is breached. On a $100K Two Phase Classic account that closed Monday at $100,000, equity cannot fall below $96,000 on Tuesday. The percentage depends on the plan: 3% on One Phase and Lightning, 4% on all Two Phase versions, 5% on Three Phase. More in our guide to daily drawdown in prop trading.
Trading Rules: News, Weekends, EAs and Consistency
| Rule | One, Two (Standard, Classic) and Three Phase | Two Phase Pro | Lightning |
|---|---|---|---|
| News trading | Allowed | Allowed | Not within 5 minutes of high-impact news |
| Weekend holding | Allowed | Allowed | Allowed |
| EAs | With prior approval, not on DXtrade | With prior approval, not on DXtrade | Not allowed |
| Copy trading | With prior approval | Not allowed | Not allowed |
| Consistency rule | None (Classic: 25% on funded) | None | 30% on funded |
| Stop loss | Optional | Optional | Required unless you buy the add-on |
On a funded Two Phase Classic account, your best day cannot exceed 25% of total profit at withdrawal. On funded Lightning the cap is 30%, and failing it delays the payout rather than breaching the account. Two Phase Pro caps profit at $4,000 per day.
Bot traders can compare other firms in our list of prop firms that allow EAs.
Profit Split and Payouts
The default performance split is 80% on most programs, and an "Extra 15% Performance Split" add-on takes it to 90%. Two Phase Classic works differently: you choose 80% paid every 14 days or 100% paid every 30 days. Two Phase Pro is fixed at 80%.
| Program | Split | First payout | After that |
|---|---|---|---|
| One, Two (Standard) and Three Phase | 80%, 90% with add-on | On demand | Every 30 days, or 14 with add-on |
| Two Phase Classic | 80% or 100% | Not on demand | Every 14 days (80%) or 30 days (100%) |
| Two Phase Pro | 80% | 10 days after first trade | Every 10 days |
| Lightning | 80%, 90% with add-on | 7 days after first funded trade | Every 14 days |
The minimum payout is $50 across programs. On One Phase, Two Phase Standard, Three Phase and Lightning the evaluation fee is refunded 100% with the first payout. Two Phase Pro has no fee refund, and its first 2 payout requests are capped at the lower of 5% of the initial balance or $8,000.
FXIFY also runs a scaling plan on its main programs: a 10% total return within the first 3 months, with at least 2 profitable months, triggers the first scale-up, and accounts can grow up to 10 times the initial size.
Who Can Join: Restricted Countries
FXIFY does not open accounts for residents of the United States. Its footer lists 34 other jurisdictions, including Russia, Belarus, Iran, Vietnam, Algeria, Venezuela, Kenya and Ghana. Check the live list at checkout, because it can change. If you are in the US, see our guide to the best prop firm for US traders.
The Broker Claim
FXIFY's homepage says it is "Backed by a Broker", and its program pages name FXPIG as "Our Partner Broker". Its broker page also refers to "FXIFY Markets". None of the FXIFY pages we read name a regulator or a licence for that broker, and FXIFY Solutions Limited itself is described as a payment agent, not a licensed firm. FXIFY also does not state on these pages whether funded accounts trade real or simulated capital. Treat the broker link as context, not as regulatory protection.
Is FXIFY legit?
FXIFY is a real, operating prop firm with a registered UK company, a public help centre with detailed rules for each program, and a large review footprint. Its Trustpilot score was 4.3 out of 5 from 6,595 reviews in November 2026, with 78% five-star and 12% one-star ratings. Reviewers most often praise support response times. The most common complaint is payout and verification delays, with some reviewers saying withdrawals took longer than the firm's stated timeline. Trustpilot does not verify reviews, so read those themes as patterns, not proof.
The caveats: rules vary a lot between programs, the 60-day inactivity breach applies everywhere, and the broker connection is not a regulatory licence.
FXIFY pros and cons
Pros
- Wide program choice, including static-drawdown options (Two Phase Classic, Two Phase Pro, Three Phase)
- Low entry prices, from $39 on Three Phase $5K, with accounts up to $400K
- Fee refunded with the first payout on most programs, and on-demand first payouts on One, Two (Standard) and Three Phase
- News trading and weekend holding allowed on most programs
- MT5, DXtrade and TradingView, with a RAW or All-in price feed
Cons
- Trailing drawdown on One Phase, Two Phase Standard and Lightning until the first payout
- No US traders, plus a long list of other restricted countries
- EAs need prior approval and are banned on DXtrade; none at all on Lightning
- Consistency rules on funded Two Phase Classic (25%) and Lightning (30%), and a $4,000 daily profit cap on Pro
- Some Trustpilot reviewers report slow payouts and verification
Who FXIFY Suits
FXIFY fits a forex and gold trader outside the US who wants to pick the exact structure: a cheap Three Phase entry, a static-drawdown Two Phase Classic, or a fast Lightning attempt.
It fits less well if you are in the US, run bots on DXtrade, or want a single set of rules across every plan. If you are still comparing firms, see our ranking of the best prop firms or the best prop firm for forex, and the reviews of FTMO, FundedNext and The5ers.
The Alternative: Static Drawdown on Every Plan, US Traders Accepted
If FXIFY's structure appeals but the US restriction, the trailing plans or the EA approval step get in the way, Velotrade is built on different trade-offs. Velotrade is an educational, simulated evaluation service. Its drawdown is static on every plan: the floor is fixed from your starting balance and never moves. The daily loss limit resets at 00:30 UTC from the higher of balance or equity and never touches the max drawdown. There is no consistency rule and no evaluation time limit.
Velotrade is multi-asset on one account: crypto, forex, stocks, index ETFs (SPY, QQQ, IWM and others) and commodities such as gold, silver and oil, all on DXtrade, where EAs, bots and your own API access are allowed. News trading and weekend holding are allowed, and US traders are accepted. Plans start at $40 for the PRO 1-Step $5K (3% static drawdown, up to $200K), $54 for the CLASSIC 2-Step (10% static) and $67 for the CLASSIC 1-Step (7% static), which puts it among the lowest entry prices. The split is up to 90% from the first payout (80% default, 90% as a paid add-on), and fees are non-refundable.
Velotrade has no fee refund or 100% split option, unlike some FXIFY plans. You can also compare all prop firms in one directory.
Last updated: November 2026. FXIFY's programs, prices, drawdown types and restricted countries change regularly. Confirm current terms on FXIFY's own site and help centre before purchasing.
Sources
- FXIFY homepage and program pages (fxify.com, /programs/two-phase/, /programs/one-phase/), read November 2026
- FXIFY, "Backed by a Broker" page (fxify.com/backed-by-a-broker/)
- FXIFY help centre: The 1-Phase Account, The 2-Phase Standard Account, The 2-Phase Classic Account, The 2-Phase Pro Account, The 3-Phase Account, The Lightning Assessment Account
- Trustpilot, FXIFY reviews (trustpilot.com/review/fxify.com), November 2026
Frequently Asked Questions
About the author
Vittorio De Angelis
Executive Chairman
Former equity-derivatives trader at JP Morgan, Dresdner Kleinwort and Bank of America in London. Later Head of Brokerage at a global broker in Hong Kong.
Velotrade was founded in Hong Kong in 2016 by a team from JP Morgan, Dresdner Kleinwort and Bank of America, has paid out over $2.5 billion to its trade-finance clients, and has been featured in Bloomberg, the Financial Times, the Wall Street Journal and on Nasdaq. Its prop trading evaluations are simulated and educational.
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