FXIFY Futures: Information and detailed review

The company

FXIFY Futures is a proprietary trading firm specializing in the futures market, established in 2024. The company is headquartered in Dublin, Ireland, specifically at Suite 302, 2 Pembroke Street Upper. It is led by CEOs Peter Brown and David Bhidey. Despite being a relatively new entrant in the industry, the firm has positioned itself as a dedicated futures prop house, providing traders with access to capital for trading CME Group products.

The firm operates in collaboration with Alchemy Markets as its primary broker. This partnership provides the technical backbone for trade execution and market data. Unlike many firms that focus on CFD trading, FXIFY Futures focuses exclusively on the regulated futures exchange environment, which implies a different set of regulatory standards and market dynamics. The company maintains a presence on Trustpilot with a verified profile, reflecting an early track record in the retail prop trading space.

Evaluation models

FXIFY Futures offers three distinct paths to obtaining a funded account, each catering to different trader profiles and risk appetites. These models are categorized into the Standard, Expert, and Straight to Sim Live programs.

Standard evaluation

The Standard model is a one-step evaluation process designed for traders seeking a balance between challenge and cost. It requires a minimum of 4 trading days to pass. During this phase, traders are charged a monthly fee until they reach the profit target or cancel the subscription. Upon successful completion and transition to the funded phase, the trader is required to pay a lifetime activation fee. This model is governed by a 30% consistency rule, which applies to both the evaluation and the funded stages.

Expert evaluation

The Expert model is also a one-step evaluation but is tailored for more experienced traders who can reach targets faster. The minimum trading requirement is reduced to 3 days. While the evaluation targets may be higher, the Expert account offers specific advantages, such as the ability to purchase an add-on to remove the daily drawdown limit. The consistency rule for the Expert program is stricter at 40%, but notably, it only applies during the funded stage, giving the trader more flexibility during the evaluation itself. Like the Standard plan, it involves a monthly fee during the evaluation and a one-time activation fee for the funded account.

Straight to Sim Live

This is the firm’s instant funding model, allowing traders to bypass the evaluation phase entirely. By paying a higher upfront "funded price," traders gain immediate access to a Sim Live account. This model is particularly distinctive because it does not have a profit target to "pass"; instead, the trader starts earning from the first profitable trade. However, it carries its own set of constraints, including a 20% consistency rule and higher minimum withdrawal requirements compared to the evaluation-based models.

Available add-ons

During the checkout process, traders can customize their plans. The most prominent add-on is the Profit Split Increase, which adds 10% to the base split. For Standard accounts, this moves the split from 80% to 90%. For Expert and Straight to Sim Live accounts, it can move the split from 90% up to 100%. Additionally, Expert account holders have the exclusive option to remove the daily drawdown limit for an additional fee, shifting the risk management focus entirely to the maximum trailing drawdown.

Drawdown and risk management

The risk management framework at FXIFY Futures is centered around two primary metrics: the Daily Drawdown and the Maximum Drawdown, the latter of which is calculated based on the End of Day (EOD) balance.

End of Day (EOD) drawdown calculation

The use of EOD drawdown is a significant feature for traders. Unlike intraday trailing drawdowns that track the highest point of equity during a live session, the EOD drawdown only updates at the close of the trading day. This means that unrealized profits during the day do not "pull up" the drawdown floor until the session is over. For the trader, this provides more "breathing room" during volatile sessions, as a temporary spike in equity followed by a retracement does not immediately tighten the risk limit for the remainder of that day.

Daily drawdown and buffer zones

Every account type is subject to a daily drawdown limit. This is a hard stop that resets every day and prevents further trading if a certain percentage of the daily starting balance is lost. Furthermore, the firm utilizes a "Buffer Zone" requirement for payouts in Standard and Expert accounts. The buffer is a minimum amount of profit that must remain in the account to keep it active while allowing for withdrawals. Withdrawals are generally only permitted for profits earned above this buffer zone during the initial payout phases.

Maximum allocation limits

To manage firm-wide risk, FXIFY Futures limits the number of accounts a single individual can hold. A trader is allowed a maximum of 5 active accounts across the Evaluation and Funded stages combined. Additionally, they may hold one Sim Live account from the "Straight to Sim Live" program. This prevents over-leveraging across multiple accounts and ensures that traders focus on quality execution rather than high-volume account flipping.

Trading rules and restrictions

The rules at FXIFY Futures are designed to promote professional trading behavior and protect the firm from high-frequency or manipulative strategies.

Prohibited strategies and micro-scalping

The firm explicitly prohibits "micro-scalping." This is defined as trades executed within seconds or under a minute that target small profits, typically less than 3 points or 10 ticks. This rule is crucial because it filters out strategies that rely on high-frequency execution or latency advantages. Other prohibited behaviors include:

• All or Nothing Approach: Using maximum leverage on a single position and using the account's loss limit as the de facto stop-loss.
• Reverse Trading: Opening opposite positions on separate accounts to guarantee a win on one.
• Account Rolling: Constantly resetting accounts to gamble on high-volatility events.
• Latency Arbitrage and Group Trading: Any form of market manipulation or coordinated trading with other users.

Consistency rules

Consistency is a core requirement for maintaining a funded account. The percentage varies by account type:

• Standard: 30%
• Expert: 40% (Funded stage only)
• Straight to Sim Live: 20% This rule means that no single trading day can account for more than the specified percentage of the total profit earned at the time of a payout request. If a trader earns $10,000 total profit, and the rule is 30%, no single day can have contributed more than $3,000. If it does, the trader may need to continue trading to "balance out" the earnings before a withdrawal is approved.

CME Price Limit rule

A technical but vital rule is the Price Limit restriction. Trading is prohibited when a product is within 2% of a CME price limit (Limit Up/Limit Down). These limits are exchange-mandated pauses in trading during extreme volatility. Traders must be aware of these levels, as entering a trade near these limits can lead to account violations due to the lack of liquidity and the inability to exit positions.

Copy trading and EA policy

The use of Expert Advisors (EAs) is generally not allowed. Copy trading is permitted but is not enabled by default. Traders must submit a formal request for review, which includes providing a 3 months+ HTML trading history of a master account in their own name. Once approved, copy trading is only allowed between accounts owned by the same user.

Payouts

The payout structure at FXIFY Futures is designed to reward longevity and consistent performance through a tier-based system.

Payout frequency and minimums

Payouts are processed every 14 calendar days from the date of the first trade on a funded account. For Standard and Expert accounts, the minimum withdrawal amount is $100. For Straight to Sim Live accounts, the minimum is 3% of the account balance (e.g., $1,800 on a $60,000 account).

Tiered profit split

The percentage of profits a trader can keep increases as they successfully request more payouts:

• Payout 1: 60% of profits (above buffer for Standard/Expert).
• Payout 2: 70%
• Payout 3: 80%
• Payout 4: 90%
• Payout 5 and onwards: 100%

In the Straight to Sim Live model, the base split starts at 90%, but it still follows the same tiered withdrawal availability (60% to 100%) per payout event. This means that while the "split" is high, the "withdrawable amount" is restricted in the early stages to ensure the account remains capitalized.

Withdrawal maximums and methods

During the initial stages of funding, there are maximum withdrawal limits based on the account size. For example, a $50,000 Standard account has a maximum withdrawal of $5,000 per payout period. These caps are eventually removed as the trader progresses through the tiers. All payouts are handled via the Rise platform, which facilitates international transfers and compliance.

Platforms, assets and limitations

Technical environment

FXIFY Futures provides access to the most popular platforms in the futures industry:

• NinjaTrader: The industry standard for futures, offering advanced charting and order flow tools.
• Tradovate: A cloud-based platform popular for its ease of use across different devices.
• TradingView: Integrated via Tradovate, allowing traders to execute trades directly from the TradingView interface.

The available instruments are strictly Futures contracts. This includes major indices, commodities, and currencies traded on the CME.

Geographic restrictions

The firm has a significant list of banned countries due to regulatory or compliance reasons. Residents of the following countries cannot use FXIFY Futures services:

• United Arab Emirates, South Africa, Vietnam, Turkey, Russia, Ukraine, and several nations across Africa and the Middle East (e.g., Somalia, Sudan, Syria, Yemen).
• It is also worth noting that certain European countries like Romania, Serbia, Slovenia, and Trinidad and Tobago are on the restricted list.

Inactivity and account maintenance

A notable positive for traders is the absence of an inactivity rule. Funded accounts will not be closed simply because a trader takes a break. As long as the trading parameters (drawdown and rules) are respected, the account remains active. Evaluation accounts, however, are subject to the monthly subscription fee, which must be maintained to keep the account open.

Summary: who this firm suits

FXIFY Futures offers a structured and professional environment for futures traders, characterized by its use of EOD drawdown and a clear path to 100% profit splits.

Key considerations

• EOD Drawdown: A major advantage for traders who prefer not to be penalized for intraday equity peaks.
• Micro-Scalping Ban: This is a strict limitation. Traders who rely on very fast entries and exits (under 60 seconds) will find their style incompatible with these rules.
• Consistency and Tiers: The firm prioritizes long-term consistency over "one-hit wonders." The tiered payout system and the consistency rules (20%-40%) mean that traders must have a repeatable process.
• Straight to Sim Live: An excellent option for those with the capital to skip evaluations, though it comes with higher minimum withdrawal requirements.

Trader profile

This firm is best suited for day traders and swing traders who operate within the futures market and value the stability of EOD drawdown. It is less ideal for high-frequency traders or those living in the extensive list of prohibited countries. The requirement for a 3-month history for copy trading approval also suggests that the firm seeks serious, experienced traders rather than beginners looking to use automated tools or signals.

Highlights and limitations

• Highlight: 100% profit split potential after the 5th payout.
• Highlight: No inactivity fees or rules for funded accounts.
• Limitation: Strict definition of micro-scalping can lead to accidental violations for fast traders.
• Limitation: Maximum withdrawal caps in the early stages of funding.