FXIFY: Information and detailed review

Eight products, and the choice you cannot undo

FXIFY runs one of the widest catalogues in the industry, and the products differ far more than their names suggest. One thing to settle before anything else: these are FOREX accounts, and none of them can trade cryptocurrencies. FXIFY runs crypto as a separate operation with its own accounts and its own rules, covered in its own review. Traders who assume a "crypto" tab exists inside every account get caught by this.

On the FOREX side there are six routes. 1-Phase asks a single 10% target against a 3% daily limit and a 6% trailing maximum. 2-Phase splits into three sub-variants that are genuinely different products, not cosmetic tiers. 3-Phase spreads the work across three 5% targets with the most generous daily allowance (5%) and the tightest overall limit (5% static). Lightning is a sprint with a 5% target inside 5 trading days, priced below the 3-Phase and positioned as a hybrid between a one-step challenge and instant funding. Instant Funding skips evaluation entirely, in Standard and Lite versions, and costs more precisely because it skips the challenge.

Then there is the Educational Instant Funding account, which deserves its own note. Finish a free five-module course, collect a certificate with an activation code, and you can buy a $1,000 funded account for $10. It carries no profit target and no consistency rule, and FXIFY frames it as a classroom for practising risk management on a live feed. The trade-off is the 50/50 profit split — the worst in the catalogue by a wide margin — plus a 6% daily and 6% trailing drawdown, no add-ons, and a limit of one per trader, ever.

The three 2-Phase variants deserve unpacking because the differences decide outcomes:

• Classic: 4 minimum days per phase, targets of 5% then 10%, and a 10% static maximum drawdown. Its drawdown does not lock after a payout — it stays 10% from the initial balance, which is a real structural advantage.
• Standard: 5 minimum days, targets of 10% then 5%, and a 10% trailing drawdown that does lock at the initial balance once you take a payout.
• Pro: only 3 minimum days, the lowest targets (4% then 8%), and an 8% static drawdown. It also carries a cap on the first two payouts and a $4,000 maximum profit per day — and that cap is enforced by closing you out for the rest of the day once you hit it, not by discarding the excess.

Read that carefully. Classic asks for more profit (15% total) but never traps you with a locked drawdown. Pro asks for the least (12%) and passes fastest, but caps your daily profit and your first two withdrawals.

The minimum trading day is not just a day you traded

This is the single most misread rule in the catalogue. On 2-Phase Pro, a day only counts toward the minimum if you made 0.5% of the initial balance in profit — and both your balance and equity must be above that threshold at 5 PM EST. FXIFY's own example is precise: a $100,000 account closing at $100,600 balance but $100,490 equity does not count, because the open trade dragged equity under the line. A losing position held at the daily cut-off can erase a day you thought you had banked.

On the 1, 2 and 3-Phase challenges the requirement is simpler — 5 trading days per phase, no profit condition — and the days need not be consecutive. You can take a break without penalty.

That sets the floor on how fast funding can arrive: 6 days on 1-Phase, 11 on 2-Phase, 16 on 3-Phase, even if you hit the target on day one.

Lightning makes stop-losses compulsory

Unique to this product, and easy to breach by accident. Every trade needs a stop-loss. The first and second trades placed without one are closed automatically as a soft breach. The third is a hard breach and the account is gone.

A paid add-on removes the requirement for roughly 5% of the plan cost, alongside a 90% profit-split upgrade at 20%.

The drawdown trails, then locks, and the lock is the trap

Most FXIFY products use a trailing maximum drawdown with the same mechanism: a fixed dollar amount (the stated percentage of the initial balance, never recalculated) subtracted from your High Water Mark, which is based on closed balance.

It keeps trailing until you reach a profit equal to that percentage, then locks permanently at your starting balance. Reach 6% profit on a 1-Phase account and the limit stops at your starting balance — your original capital becomes a genuine floor.

The percentages by product: 6% on 1-Phase, 10% on 2-Phase Standard, 8% on Instant Funding Standard and 2-Phase Pro (static), 6% on Educational, 4% on Lightning and Instant Funding Lite, 5% static on 3-Phase, 10% static on 2-Phase Classic.

Taking a payout locks the drawdown early, and that can end the account

Here is the mechanism that costs traders accounts, and it is not obvious from any pricing table.

When a payout is processed, the maximum drawdown locks at your starting balance regardless of how much profit you made. On 1-Phase, 2-Phase Standard, Lightning and Instant Funding, it locks the moment the money moves — not when you hit the profit threshold.

The arithmetic is unforgiving. Take $100,000, make $6,000, withdraw all $6,000. Your balance returns to $100,000 and your drawdown locks at $100,000. They are now identical. The next trade you open breaches the account on the spread alone, before the market moves at all. The withdrawal still gets paid, but the account is gone.

FXIFY's own documentation states this plainly: you are entitled to a full withdrawal, but in taking one you forfeit the funded account. The practical advice throughout their FAQs is to leave a buffer, and they are explicit that even a buffer is not bulletproof.

2-Phase Classic and 2-Phase Pro are the exceptions. Their static drawdowns do not lock at the initial balance after a payout — the limit stays where it was. For a trader who plans to withdraw regularly and keep the same account, that difference outweighs the higher profit target.

The daily limit resets at 5 PM EST, from balance not equity

The daily loss limit is calculated from the previous day's closing balance recorded at 5 PM EST, not from your live equity or your starting capital. On a 3-Phase account closing at $100,000, the next day's 5% floor sits at $95,000; on 2-Phase (4%) at $96,000; on 1-Phase (3%) at $97,000.

The percentages: 3% on 1-Phase and Lightning, 4% on all three 2-Phase variants, 5% on 3-Phase, 8% on Instant Funding Standard, 6% on Educational and 3% on Instant Funding Lite.

On every product the daily limit is a hard breach, not a pause. FXIFY confirms this explicitly for Instant Funding, Instant Funding Lite, Educational, 2-Phase Pro and Lightning. There is no product here where hitting the daily limit merely suspends trading for the day.

Breaches are measured on live equity, not your closing balance

If equity dips below the limit for a single second, the breach registers and the meter locks at 100% — even if the trade then closes at a better price and the balance settles comfortably above the line. During volatile fills the account can be gone before the platform ever displays it. The dashboard recalculates roughly every 60 seconds, and FXIFY states that monitoring breach levels is the trader's responsibility.

Consistency rules apply to some products and not others

There is no single consistency rule here, and where one applies it usually applies only to the funded stage.

Lightning carries 30%, and uniquely it applies to both the challenge and the live stage. Instant Funding Lite carries 20%. 2-Phase Classic carries 25%, funded stage only. 1-Phase, 2-Phase Standard, 2-Phase Pro, 3-Phase, Instant Funding Standard and Educational carry none at all.

The calculation is always the same: your best single day must not exceed the stated percentage of total profit. Exceed it and nothing is lost — you simply keep trading until the total grows enough to dilute that day. The formula FXIFY publishes is Highest Daily Profit ÷ consistency percentage = total profit required. A $1,800 day under the 30% rule requires $6,000 in total profit before a payout unlocks.

One detail that surprises people: on the 25% rule, the highest daily profit persists through a withdrawal. It keeps serving as the calculation parameter until you post a bigger day, so a single outsized session shapes your payout schedule long after the money is gone.

News, weekends and automation differ by product

News trading is unrestricted on 1-Phase, 2-Phase and 3-Phase. FXIFY does not block it — though they warn that traders taking significant risk on news releases may be banned for improper risk management.

Instant Funding, Instant Funding Lite and Lightning run a 5-minute blackout either side of high-impact releases. The enforcement is asymmetric and worth stating precisely: trades opened or closed inside that window are invalidated and do not count toward payouts, while any losses incurred remain yours and are not reversed. A trade placed legitimately before the window but expected to hit take-profit inside it is also treated as a news trade and voided.

Weekends, and the Friday afternoon that closes your trades for you

Weekends split the catalogue. 1-Phase, 2-Phase, 3-Phase and Lightning can hold positions through the weekend. Instant Funding, Instant Funding Lite and Educational are force-flattened: every position closes automatically at 3:45 PM EST on Friday, 75 minutes before the market closes, at whatever the market rate is. Any breach caused by that forced closure is the trader's responsibility.

Automation follows the same fault line. EAs are permitted on 1, 2 and 3-Phase and on 2-Phase Pro, but only with prior approval from support — using one without pre-approval risks suspension without eligibility for profits. On Instant Funding, Instant Funding Lite, Educational and Lightning, EAs and bots are banned outright.

Copy trading is allowed between your own FXIFY accounts, and from FXIFY outward. Copying into FXIFY from an external account requires approval per account, evidenced by an MT5 or cTrader statement showing at least 30 days of history with your name on it — HTML export, not screenshots. Copy trading is prohibited entirely on Instant Funding, Instant Funding Lite, 2-Phase Pro and Lightning.

Thirteen prohibited practices, and the discretion behind them

FXIFY publishes an unusually detailed list: high-frequency trading, reverse hedging, group hedging, account management, latency arbitrage, delayed data feeds, trading on delayed charts, order book spamming, herd trading, collusion between users, poor money management, exploiting bugs and glitches, and statistical arbitrage.

Several are worth reading closely because they catch honest traders. Herd trading explicitly includes multiple customers using the same EA from the same vendor — you can be swept into a collusion finding without ever speaking to the other traders. High-leverage news trading is allowed within limits, but FXIFY judges whether your risk management was genuine, and describes unmanaged versions as "betting on coin flips." Gambling behaviour and YOLO positioning are prohibited as such, which is a judgement call rather than a measurable threshold.

The terms give FXIFY broad discretion in enforcement. Clause 5.4 also prohibits gap trading: opening positions within 2 hours of a scheduled macroeconomic event or corporate earnings, or 2 hours or less before a market closes for 2 hours or longer.

The consequences escalate rather than being binary. FXIFY may treat the violation as a failed challenge, remove the offending trades from your history and discount their results, restrict your leverage indefinitely, or cancel everything. Critically, a violation on one account reaches all of them — the terms allow cancelling every contract across all your challenge and funded accounts, including combinations across FXIFY entities.

Payouts run through Rise, and the schedule depends on the product

Every payout is processed by Rise, a third-party provider. That means two separate KYC checks: one with FXIFY through SumSub, one with Rise. Failing either means no onboarding and no payout. The Rise account must use the same email address as your FXIFY account.

FXIFY's KYC is specific about documents: ID front and back in colour with all four corners visible, proof of address issued within the last 3 months showing the issuing authority's logo, plus a selfie holding the ID. Screenshots, scans, mobile phone bills, medical bills and receipts are all rejected.

Payout schedules, product by product

The minimum withdrawal is $50 across every account type. Reviews happen Monday to Friday, 9AM–9PM GMT, and processing typically takes 3 business days once verification clears.

• 1, 2 and 3-Phase: first payout on demand once 5 trading days are met, then every 30 days — or every 14 days with the paid add-on.
• Instant Funding and Educational: first at 14 days after the first trade, then biweekly. No on-demand option.
• Instant Funding Lite: 10 days total, with 5 trading days completed.
• Lightning: first after 7 days, then every 14.
• 2-Phase Pro: first at 10 calendar days, then every 10 — but the first two payouts are capped at 5% of the initial balance ($8,000 on 200K and 250K accounts), and profit above the cap is removed from the account, not carried forward.

While a payout is pending, the account is set to read-only and you cannot trade.

The fee refund is a real feature, and it is not universal

On 1, 2 and 3-Phase challenges, FXIFY refunds 100% of what you paid alongside your first withdrawal — including any add-ons purchased. That is unusually generous.

It does not apply to Instant Funding, Instant Funding Lite, Educational, 2-Phase Pro or 2-Phase Static. None of those refund the fee.

There is a condition worth understanding, because it is where the refund most often evaporates: the refund only exists as part of the first withdrawal. Breach the account before taking a payout, with no profit to withdraw, and the refund is gone with it. It is not a money-back guarantee on a failed challenge — it is a bonus attached to your first successful payout.

FXIFY states there are no other hidden fees: the purchase price covers both the challenge and the verification stage, and commissions, spreads and swaps are published before checkout. Charges appear on bank statements as FXIFY.

Passing is not the same as being funded

There is a review step between the two, and it runs on office hours. The sequence is: challenge passed → KYC → sign the Proprietary Trader Agreement → account review → live credentials.

Challenge accounts are reviewed 9 AM to 5 PM EST, Monday to Friday — pass on a Saturday and nothing happens until Monday. Once documents and agreement are in, the funded account is typically issued within 24 to 48 business hours. FXIFY confirms the account you receive is a live account, not a demo, and you become an independent contractor at that point.

Note that taxes are entirely yours: as an independent contractor you are responsible for all tax on your profit share, with nothing withheld.

Performance Protect changes what a breach costs

This add-on, available on the 1, 2 and 3-Phase challenges, lets you withdraw your accumulated profit even after a drawdown breach. Without it, a hard breach forfeits every open profit. With it, a trader who grew $100,000 to $130,000 and then breached can still request the $23,500 remaining, paid at the agreed split, and remains eligible for the fee refund if it is the first withdrawal.

It is not supported on Instant Funding, where a breach forfeits profits with no recourse.

Costs, leverage and the details that shape a strategy

FXIFY runs on FXPIG's feeds, and you choose between two at checkout. All-In charges no commission on FX, metals or indices — only stock CFDs at 0.35% round trip. Raw gives near-zero spreads on major pairs with $6 per lot on FX, metals and index CFDs, plus 0.35% round trip on stocks. FXIFY publishes read-only accounts so you can inspect live spreads on both feeds before committing.

There are no swap-free accounts. FXIFY states this plainly — swaps are charged on positions held overnight, which matters for anyone whose strategy or faith requires Islamic accounts.

The universe covers major, minor and exotic currency pairs, metals, indices, energies and a set of US single-stock CFDs — Apple, Tesla, Microsoft, Amazon, Coinbase and around thirty others, with contract sizes of 100 or 1,000 shares. Cryptocurrencies are not available on any of these plans, on any platform, under any circumstances; they live on FXIFY's separate crypto accounts.

Leverage varies more than most firms: 30:1 on FX and gold for 1, 2 and 3-Phase (upgradable to 50:1 as a paid add-on), 50:1 by default on Instant Funding and Educational, 30:1 on Lightning. Indices sit at 10:1 or 15:1, oil at 5:1, stocks at 2:1. Fifteen exotic pairs including USDTRY, USDMXN and USDZAR carry a fixed 1:6 (or 1:10 on Instant Funding) regardless of the headline figure.

Account limits, inactivity and who may buy

Inactivity is a hard breach. Go 60 calendar days without placing a trade and the account is gone, with no reversal. FXIFY's terms go further and treat 2 consecutive months without trades as a breach of contract itself.

There are no resets or retries on any product. Breach an account and the only route back is buying a new one — FXIFY confirms this separately for Instant Funding and 2-Phase Pro. They do offer a discounted restart on 1-Phase after a breach, but that is a discount, not a reset.

Allocation rules differ sharply by product. The general policy, in force since 25 November 2024, allows one active account of each size across both challenge and funded stages — $5K, $10K, $15K, $25K, $50K, $100K, $200K and $400K held simultaneously, for $800,000 in combined funding. Traders who held duplicate sizes before that date were grandfathered in.

The exceptions tighten it considerably. Instant Funding Standard and Lightning allow one active account at a time — you may own several, but cannot trade a second until the first breaches. Instant Funding Lite allows 5 accounts simultaneously, provided each has a different balance, and you may add one Standard account on top with yet another balance. 2-Phase Pro allows one per size, up to $785,000.

Only the person trading the account may buy it. Third-party purchases are grounds for termination, with narrow exceptions such as married couples sharing a bank account, subject to documentation. One profile per person — registering several, including under different email addresses, can cost you funded status. Corporate accounts are not accepted.

On identity, FXIFY is more relaxed than most: different IPs and devices are fine, and they say plainly that changing IPs is not a violation. What they monitor is multiple accounts sharing one IP — which prompts a request for explanation rather than a ban — and more significantly a shared CID, a hardware-level device ID. Multiple users on one CID raises account-management concerns.

Thirty-five countries are excluded

FXIFY does not accept traders from Afghanistan, Algeria, Belarus, Burundi, Central African Republic, Congo Republic, Crimea, Cuba, Democratic Republic of Congo, Eritrea, Ghana, Guinea, Guinea-Bissau, Haiti, Iran, Iraq, Ivory Coast, Kenya, Liberia, Libya, Myanmar, Nicaragua, North Korea, Palestine, Papua New Guinea, Russia, Somalia, South Sudan, Sudan, Syria, Vanuatu, Venezuela, Vietnam, Yemen or Zimbabwe.

The list is longer than most firms' and includes markets with large trading populations — Vietnam, Kenya, Ghana, Algeria and Russia among them. FXIFY warns that the list changes with political conditions, and that misrepresenting your country risks losing both the live account and any refund.

The terms add their own restrictions: traders must be over 18, must not appear on international sanctions lists, and must not hold a criminal record related to financial crime or terrorism.

Platforms, and one restriction for US traders

FXIFY offers MetaTrader 4, MetaTrader 5, DXtrade and TradingView. The catch: MetaTrader is not available to clients based in the United States, which leaves US traders on DXtrade or TradingView.

You can change platform or price feed only if you have not yet placed a trade in the current phase. Once you trade, the choice is locked for that phase — but passing it opens the window again, provided you request the change before your first trade in the new stage.

You must use an account FXIFY provides; their risk software is synced to it for real-time monitoring, so trading your own account is not an option.

Scaling the account, and the legal frame around all of it

The scaling plan requires a 10% return across 3 months with at least 2 of those months profitable, which scales the account up 25%. Every subsequent 3-month period meeting the same condition doubles the balance, up to four times total — a $400,000 account reaching $4 million in 12 months.

Scaling exists only on the 1, 2 and 3-Phase challenges. Lightning, 2-Phase Pro, Instant Funding, Instant Funding Lite and Educational are all excluded, each confirmed separately in FXIFY's documentation. If growing the account matters to you, that narrows the catalogue to three products before any other consideration.

Three legal points shape the relationship. The service is explicitly simulated trading; the funds are fictitious and FXIFY is not a broker. The provider is FXIFY Solutions Limited, a UK company (no. 14451720) registered in London, with English law governing disputes. And challenges must be activated within 30 calendar days of being issued or access is suspended, recoverable within 6 months, after which the fee is lost.

Two clauses deserve flagging because they are unusual. No refund exists once the first trade is placed — the 14-day consumer withdrawal right is explicitly forfeited the moment you open a demo trade. And clause 7 asks customers to raise complaints privately before posting publicly, reserving the right to take legal action over public complaints regardless of whether the content is deemed defamatory.

US traders in Iowa, South Carolina, Puerto Rico, Guam and the US Virgin Islands cannot use Rise and need an alternative payout method through support. Ukraine-based traders are paid in USDC or USDT.

Summary: who this firm suits

FXIFY fits a discretionary manual trader who wants to choose their own risk structure and who values getting their fee back.

It suits you well if you want genuine optionality: eight products with materially different drawdown types, targets and payout schedules, rather than one model in several sizes. The 100% fee refund on the phased challenges is real money returned, add-ons included. News trading is unrestricted on those same challenges where many firms impose blackouts. Performance Protect turns a breach from total loss into a payout. And the $10 Educational account, earned by finishing a free course, is one of the cheapest legitimate routes to a live funded account anywhere.

It suits you poorly if you rely on automation — EAs need pre-approval on the phased challenges and are banned on half the catalogue. It is a poor fit if you hold positions over weekends and were considering Instant Funding, where Friday's forced 3:45 PM EST close is not negotiable. And if you want to withdraw your full profit and keep trading the same account, most of these products will not let you.

Three things to understand before buying. Taking a payout locks your drawdown at the starting balance on most products, so withdrawing everything ends the account on the very next trade — Classic and Pro are the exceptions. A minimum trading day requires 0.5% profit held at 5 PM EST, not merely a day you placed a trade. And a rule violation on one account can cancel all of them, because the terms explicitly extend enforcement across every account you hold.