FXIFY

Company Overview

FXIFY was founded in April 2023 by Peter Brown and David Bhidey. It is regulated as an Investment Dealer in Mauritius under Prime Intermarket Group Eurasia Ltd (license GB24204066) and also operates a UK subsidiary, FXIFY Solutions Limited, so it is described in some sources as UK-based and in others as Mauritius-registered.

Evaluation Process & Trading Rules

FXIFY offers One Phase, Two Phase, and Three Phase evaluation programs, a Lightning Challenge (1-step), and Instant Funding accounts with no evaluation. Maximum drawdown varies by program: around 6% on the 1-step/Lightning models and around 10% on the 2-step and 3-step models; Instant and Lightning accounts use trailing drawdown (reported at roughly 8% and 4% respectively), while other programs are structured differently.

Funding & Profit Split

Evaluation account sizes range from $5,000 to $400,000; Instant Funding accounts go up to $50,000 and Lightning Challenge accounts up to $100,000. Standard profit split is up to 90% (add-ons can raise this further, with some marketing citing up to 100% on the Two Phase Classic program). Scaling can extend total funding up to roughly $4 million for qualifying traders.

Payout Process

Minimum payout is $50, with flexible/on-demand payout options and a bi-weekly payout add-on also available.

Platform & Execution

FXIFY supports MetaTrader 5 and DXtrade, offering more than 150 tradable symbols with standard leverage of 30:1 on forex/gold.