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FXIFY
- Country
- Malaysia
- Founded
- 2023
- Platforms
- MT4, MT5, DXTrade +1
FXIFY 4.5 FXIFY: News and updates
FXIFY Announces September Trading Competition with $1,000,000 in Prizes
FXIFY has officially opened the registration period for its September trading competition. Participants will have the opportunity to compete for a prize pool valued at $1,000,000 in challenge accounts. Registration must be completed before the end of August. Prize Distribution The firm will reward the top 12 traders who achieve the highest return percentage by the end of the month. Prizes consist of free challenge accounts distributed according to the final ranking: 1st Place: $400,000 Account 2nd Place: $200,000 Account 3rd & 4th Place: $100,000 Account each 5th & 6th Place: $50,000 Account each 7th & 8th Place: $25,000 Account each 9th & 10th Place: $15,000 Account each 11th & 12th Place: $10,000 Account each Competition Rules and Parameters To ensure a fair competition, FXIFY has established a set of operational and risk management rules that participants must strictly follow. Drawdown Limits The Maximum Daily Drawdown is limited to 5%, calculated based on the previous day's closing balance. Additionally, the Maximum Total Drawdown allowed is 10% of the initial account balance. Technical Restrictions EA Usage: The use of Expert Advisors or any type of automated trading bot is prohibited. Trading Days: There is no minimum trading day requirement to be eligible for prizes.
FXIFY Announces $1M Monthly Trading Competition with Challenge Account Prizes
FXIFY launches its July trading competition with $1M in prizes. The top 12 traders will earn funding accounts up to $400,000. Registration is now open.
FXIFY Celebrates 3rd Anniversary with New 2-Phase Pro Account and Exclusive Discounts
FXIFY, the renowned prop trading firm, is celebrating its third anniversary with the launch of an innovative 2-Phase Pro account and a series of exclusive promotions. These initiatives aim to offer traders new and improved opportunities to access trading capital under favorable conditions. Learn all its features in our FXIFY review. Introducing the New 2-Phase Pro Account To mark its third year in the market, FXIFY is introducing its new 2-Phase Pro option, designed to provide traders with a flexible evaluation path featuring highly requested characteristics. This account is available in significant sizes, up to $250,000. Key Features The 2-Phase Pro program incorporates key elements designed to optimize the trader's experience: Static Drawdown: Offers greater predictability in risk management. No Consistency Rule: Provides increased operational freedom, allowing traders to execute strategies without regular trading constraints. Account Sizes up to $250,000: Offers substantial funding options for ambitious traders, with initial sizes of $25,000 and $100,000 also available. Key Evaluation Rules The path to funding through the 2-Phase Pro program sets clear criteria for traders to demonstrate their skill: Phase 1 Profit Target: 4%. Daily Loss Limit: 4% of the initial balance. Phase 2 Profit Target: 8%. Minimum Trading Days: 3 days in each phase. Exclusive Anniversary Offers To celebrate this significant milestone, FXIFY has launched a series of attractive, limited-time promotions. Don't miss other active industry promotions. 33% Off All Programs Traders can take advantage of a 33% discount on the purchase of any FXIFY evaluation program, including the newly launched 2-Phase Pro. To apply the discount, the promotional code FXIFY3 must be used at checkout. $3 Million Giveaway and Free Pro Accounts Additionally, FXIFY is hosting a $3,000,000 giveaway. Every challenge purchase made before the deadline automatically grants an entry into the raffle. Participants have the chance to win a free 2-Phase Pro account of up to $250,000. Deadline All these offers and the opportunity to participate in the giveaway end on May 31st at midnight EST. Important Note: The discount offer and giveaway exclude the Instant Funding Lite program.*
Fxify Unveils $1M Monthly Trading Competition
Fxify is excited to announce the launch of its May Monthly Trading Competition, offering traders the chance to vie for a share of an impressive $1 million prize pool. This event is designed to test trading skills and reward the most successful participants. If you want more context about the firm, you can also review our FXIFY review. FXIFY's $1M Monthly Trading Competition FXIFY's May competition invites traders of all levels to demonstrate their market prowess. With a generous prize pool, the firm aims to identify and acknowledge trading talent by providing challenge accounts to the top performers. This is a unique opportunity to advance your trading career and operate with significant capital. This update also fits FXIFY's recent track record of competitions, including its earlier April monthly trading competition. Prize Pool Details The top 12 traders will be rewarded with high-value challenge accounts, distributed as follows: First Place: $400,000 Challenge Account Second Place: $200,000 Challenge Account Third Place: $100,000 Challenge Account Fourth Place: $100,000 Challenge Account Fifth Place: $50,000 Challenge Account Sixth Place: $50,000 Challenge Account Seventh Place: $25,000 Challenge Account Eighth Place: $25,000 Challenge Account Ninth Place: $15,000 Challenge Account Tenth Place: $15,000 Challenge Account Eleventh Place: $10,000 Challenge Account Twelfth Place: $10,000 Challenge Account Key Competition Rules To ensure a fair and structured competition, FXIFY has established the following essential trading rules: 5% Max Daily Drawdown (based on previous day balance) 10% Max Total Drawdown (based on initial balance) 0 Minimum Trading Days (no minimum trading day requirement) EAs Are Not Allowed (trading must be manual) The competition is starting soon. If you are ready to face the challenge and compete for one of these prestigious challenge accounts, make sure to join now! You may also want to see another recent FXIFY expansion, such as FXIFY Instant Funding Lite.
Fxify Launches $1 Million Monthly Trading Competition in April
Fxify has announced its April monthly trading competition, featuring a total prize pool of $1 million. This initiative offers traders an opportunity to compete for high-value challenge accounts. The first prize is a $400,000 challenge account, followed by a $200,000 account for second place, and two $100,000 accounts for third and fourth place. Prizes extend down to the twelfth position, with $10,000 challenge accounts. To participate, traders must adhere to specific rules: a maximum daily drawdown limit of 5% (based on the previous day's balance) and a maximum total drawdown of 10% (based on the initial balance). There is no minimum trading day requirement, and the use of Expert Advisors (EAs) is not permitted. Interested traders can join the competition via Fxify's platform. For full details about this firm, visit the FXIFY page. If you want to understand how drawdown limits work in these accounts, check out our article on drawdown in prop trading. You can also browse the list of best prop firms that accept EAs to compare each firm's policies.
Fxify Launches Instant Funding Lite: Immediate, Low-Cost Capital Access
Fxify™ has launched Instant Funding Lite, a new funding option providing traders immediate access to capital without an evaluation phase. This initiative aims to offer a lower-cost alternative within its Instant Funding product line. Instant Funding Lite provides a funded account from day one, eliminating evaluations and profit targets. Its structure focuses on risk control and consistent trading, featuring predefined drawdown limits and clear rules. Traders can choose from various account sizes, ranging from $2,500 for a one-time fee of $19, up to $100,000 for $399. The risk framework includes a 3% daily drawdown and a 4% maximum trailing drawdown, with a lock mechanism activating upon reaching 4% net profit or the first payout. A 20% consistency rule, limiting single-day gains, also applies. Holding positions over the weekend is not permitted. Trading conditions mandate manual trading only, prohibiting Expert Advisors and automated strategies. Restrictions also apply to trading high-impact news. The performance split is 80%, with an upgrade option to 90%, and payouts can be requested after 10 completed trading days. Instant Funding Lite is designed for traders seeking lower entry costs and who are comfortable with stricter risk limits, differentiating itself from the standard Instant Funding option through tighter drawdown limits and payout frequency.
Fxify Reduces Lightning Challenge Trading Days
Fxify has announced an update for its "Lightning Challenge" program. The maximum trading days limit to complete this challenge has been reduced from 7 to 5 days. This modification means that if a trader places their first trade on a Monday, they will now have until the end of Friday of the same week to meet the challenge requirements. Weekends are not included in the trading day count. Should a trader pass the challenge on a Friday, the credentials for the live funded account will be provided on the following Monday. All other Lightning Challenge rules remain unchanged.
Fxify Partners with Trading Central to Offer Free Analysis Tools
Fxify has announced a new partnership with Trading Central, an award-winning fintech organization renowned for its market analysis tools. Thanks to this collaboration, Fxify users will gain free access to a suite of Trading Central tools designed to enhance trading decision-making. The suite includes Featured Ideas, providing real-time trading ideas, such as bearish analysis for XAUUSD based on technical patterns. This allows traders to identify opportunities and manage risks with clear parameters like stop-loss levels. Also integrated is Technical Views, offering detailed expert technical analysis to decipher market trends across various pairs, such as GBP/USD. This tool helps traders understand potential asset directions and key price levels. Finally, the Economic Calendar enables users to strategize around relevant global economic events, such as confidence reports or monetary policy decisions. This feature is crucial for anticipating market volatility and adapting positions. This initiative aims to empower Fxify traders with quality information and advanced analysis, allowing them to trade with greater confidence and a competitive edge in financial markets, all at no additional cost.
Fxify Launches $1 Million December Trading Competition
Fxify has announced its December monthly trading competition, offering traders the opportunity to win a share of a total $1 million prize pool. The contest is scheduled to begin "soon." Top prizes include a $400,000 Challenge Account for first place, $200,000 for second, and $100,000 for both third and fourth place winners. Prizes will be awarded down to the twelfth position, receiving a $10,000 Challenge Account. Key contest rules stipulate a 5% maximum daily drawdown (based on the previous day's balance) and a 10% maximum total drawdown (based on the initial balance). There is no minimum trading days requirement. Notably, the use of Expert Advisors (EAs) is not permitted in this competition.
