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.