FXIFY Review: Is This Broker-Backed Prop Firm Worth It?

Our Rating: 4.2/5

Bottom Line: FXIFY distinguishes itself as a broker-backed prop firm with a partnership with established broker FXPIG. The firm offers flexible trading rules, multiple platform options (including MT4), and an aggressive scaling plan up to $4M. However, trailing drawdowns on certain accounts and the need to purchase add-ons for premium features like 90% profit splits may add to overall costs.

Best For: EA traders, swing traders, those wanting MT4/MT5 access, traders seeking broker-backed security

Not Ideal For: Budget-conscious beginners, traders who need static drawdown across all accounts

FXIFY has positioned itself as “the industry’s first and oldest broker-backed prop firm”—a claim that sets it apart in a market filled with standalone prop firms operating on simulated infrastructure. Founded in London in 2022 by trading industry veterans, FXIFY partners directly with FXPIG, a retail broker established in 2010.

This broker-backed model theoretically offers better execution quality and more transparent trading conditions than purely simulated environments. But does the reality match the marketing? With over $30 million in claimed payouts and a solid Trustpilot rating, FXIFY has earned attention—though not without some trader complaints about account breaches and payout disputes.

In this review, we’ll break down everything you need to know about FXIFY—their challenge types, trading rules, payout structure, and what real traders are experiencing.

What Is FXIFY?

FXIFY is a proprietary trading firm founded in 2022 and headquartered in London, United Kingdom. The company was incorporated as FXIFY Solutions Limited in May 2023 and operates as a broker-backed prop firm through its partnership with FXPIG.

Key Company Stats:

• Founded: 2022
• Headquarters: London, UK
• Founders: David Bhidey, Peter Brown, Bobby Winters
• Combined Experience: 30+ years in trading and brokerage
• Broker Partner: FXPIG (established 2010)
• Trustpilot Rating: 4.3/5 (3,800+ reviews)
• Claimed Payouts: $30M+ in past 12 months
• Monthly Searches: ~49,500 (11th most searched prop firm)

The founding team brings diverse experience. David Bhidey transitioned from e-commerce and property into trading, joining FXPIG as an Introducing Broker before co-founding FXIFY. Peter Brown contributed over a decade of digital marketing expertise. Together, they aimed to create a “trader-centric” prop firm addressing common industry pain points.

What makes FXIFY unique is its broker-backed structure. Unlike most prop firms that operate entirely on simulated infrastructure, FXIFY’s MT4 and MT5 accounts run through FXPIG’s actual brokerage platform. This theoretically provides more realistic execution and spreads compared to purely demo environments.

FXIFY Challenge Types

FXIFY offers six distinct funding paths—more variety than most competitors. Each program targets different trader profiles, from those wanting quick funding to those preferring gradual evaluation.

Video: Understanding Prop Firm Challenges

New to prop firm evaluations? This video explains how funded trader challenges work: https://www.youtube.com/embed/Lhf_2gJJS1Q

One Phase (1-Step) Challenge

The One Phase challenge offers a single evaluation for experienced traders who want streamlined funding.

• Entry Fee: From $59 ($5K account)
• Profit Target: 10%
• Daily Drawdown: 3%
• Max Drawdown: 6% trailing
• Minimum Trading Days: 5
• Profit Split: 80% (90% with add-on)
• Fee Refund: Yes, on first payout

The trailing drawdown is the key consideration here. It follows your highest equity point, which means early profits create tighter risk parameters. If you prefer fixed risk levels, the 2-Step or 3-Step programs offer static drawdown instead.

Two Phase Standard (2-Step)

The Two Phase Standard offers a traditional two-step evaluation with more generous drawdown limits.

• Entry Fee: From $59 ($5K account)
• Profit Target: 10% (Phase 1), 5% (Phase 2)
• Daily Drawdown: 5%
• Max Drawdown: 10% static
• Minimum Trading Days: 5 per phase
• Profit Split: 80% (90% with add-on)
• Fee Refund: Yes, on first payout

The 10% static drawdown is significantly more forgiving than the 1-Step’s 6% trailing. For traders who prioritize capital preservation, this structure provides more breathing room.

Two Phase Classic (2-Step)

The Classic version offers lower entry fees with slightly different parameters.

• Entry Fee: From $39 ($5K account)
• Profit Target: 10% (Phase 1), 5% (Phase 2)
• Daily Drawdown: 4%
• Max Drawdown: 8% static
• Minimum Trading Days: 4 per phase
• Profit Split: Up to 100% (monthly payouts)
• Consistency Rule: 25% on funded account
• Fee Refund: No

The Classic is more affordable but comes with a 25% consistency rule on the funded account and no fee refund. The potential for 100% profit split on monthly payouts is attractive, but the consistency requirement may limit traders with occasional large wins.

Three Phase (3-Step) Challenge

The Three Phase program features the lowest profit targets—ideal for conservative traders.

• Entry Fee: From $39 ($5K account)
• Profit Target: 5% per phase (all three phases)
• Daily Drawdown: 4%
• Max Drawdown: 10% static
• Minimum Trading Days: 5 per phase
• Profit Split: 80% (90% with add-on)
• Fee Refund: Yes, on first payout

With only 5% profit targets per phase, this is FXIFY’s most accessible evaluation. The tradeoff is completing three phases instead of one or two, but patient traders may appreciate the reduced pressure.

Lightning Challenge

Lightning offers fast-track funding for a $100K account with strict risk management.

• Entry Fee: $499
• Profit Target: 8%
• Daily Drawdown: 3%
• Max Drawdown: 4% trailing
• Minimum Trading Days: 3
• Leverage: 1:30
• Profit Split: Up to 90%
• Consistency Rule: 30%
• Mandatory Stop-Loss: Yes

Lightning’s tight 4% trailing drawdown and mandatory stop-loss make it the most disciplined program. It’s designed for traders with proven risk management skills who want quick access to significant capital.

Instant Funding

Skip evaluations entirely with immediate access to funded capital.

• Entry Fee: From $69
• Profit Target: None (immediate funding)
• Daily Drawdown: 3%
• Max Drawdown: 4% trailing
• Minimum Trading Days: 0
• Profit Split: 90%
• Consistency Rule: 30%

Instant Funding provides immediate access but with the tightest risk parameters—just 4% trailing drawdown. The 30% consistency rule means no single day can account for more than 30% of total profits. This suits disciplined traders who can demonstrate consistent performance rather than occasional big wins.

FXIFY Rules & Restrictions

FXIFY is known for relatively relaxed trading rules compared to competitors, but understanding the specifics is crucial before starting.

Drawdown Rules

Challenge	Daily Drawdown	Max Drawdown	Type
1-Step	3%	6%	Trailing
2-Step Standard	5%	10%	Static
2-Step Classic	4%	8%	Static
3-Step	4%	10%	Static
Lightning	3%	4%	Trailing
Instant	3%	4%	Trailing

Important: In 2024, some FXIFY programs had static drawdown that has since changed to trailing. One reviewer noted that “in 2024 their 1 & 2 phases was on static drawdown but now they are not.” Always verify current rules before purchasing.

Consistency Rules

Consistency rules apply to specific programs:

• 2-Step Classic (Funded): 25% — No single day can exceed 25% of total profits
• Lightning: 30% — Applies during both evaluation and funded stages
• Instant: 30% — No single day can exceed 30% of total profits

Other programs don’t have consistency requirements, giving traders more flexibility for occasional large winning days.

What’s Allowed

FXIFY permits trading strategies that many competitors restrict:

• Expert Advisors (EAs) — Fully permitted
• News Trading — Allowed
• Weekend Holding — Permitted
• Copy Trading — Allowed
• Martingale Strategies — Permitted
• Grid Trading — Allowed
• Hedging — Permitted

Minimum Trading Days

• 1-Step, 2-Step Standard, 3-Step: 5 days per phase
• 2-Step Classic: 4 days per phase
• Lightning: 3 days
• Instant: No minimum

A trading day counts when at least one trade is executed. Simply holding a position overnight doesn’t qualify.

Payout Policy & Profit Split

Profit Split

FXIFY’s base profit split is 80% for most evaluation accounts. This can be upgraded to 90% by purchasing an add-on for an additional 20% of your evaluation fee.

• Base Split: 80%
• With Add-On: 90%
• Instant Funding: 90% (included by default)
• 2-Step Classic Monthly: Up to 100%

Payout Timeline

FXIFY offers one of the fastest payout options in the industry:

• First Payout: Available immediately after your first funded trade
• Bi-Weekly Payouts: Available via add-on
• Monthly Payouts: Default for most accounts
• Minimum Withdrawal: $50
• Payment Methods: Rise, bank wire, cryptocurrency

The instant payout feature is a significant differentiator. You can close your first profitable trade, request a payout, and receive funds without waiting for a cycle.

Fee Refund

Evaluation fees are refunded on your first payout for most account types:

• Refundable: 1-Step, 2-Step Standard, 3-Step, Lightning (with add-ons)
• Not Refundable: 2-Step Classic, Instant

Scaling Plan

FXIFY offers an aggressive scaling path that can grow accounts from $400K to $4M.

Requirements:

• Achieve 10% return over 3 consecutive months
• At least 2 of those months must be profitable
• Receive a 25% account size increase

Scaling Path:

• $400K → $500K (25% increase)
• $500K → $1M (account doubles)
• $1M → $2M (account doubles)
• $2M → $4M (account doubles)

The potential to reach $4M in trading capital within a year is among the most generous scaling programs in the industry. However, maintaining 10% quarterly returns while respecting drawdown limits requires consistent performance.

Trading Platforms & Instruments

FXIFY offers three trading platforms:

• MetaTrader 4 (MT4) — Industry standard, full EA support
• MetaTrader 5 (MT5) — Enhanced features, multi-asset trading
• DXtrade — Web-based alternative

MT4 and MT5 accounts run through FXPIG’s brokerage infrastructure, which FXIFY claims provides more realistic execution than purely simulated environments.

For traders running Expert Advisors, the MT4 and MT5 options provide full EA compatibility. FXIFY explicitly allows automated trading without restrictions, making it suitable for algo traders who want to deploy their strategies on funded accounts. If you’re running EAs 24/5, consider using a forex VPS to ensure uninterrupted execution and minimize latency to FXPIG’s servers.

DXtrade serves as the web-based alternative for traders who prefer browser access without installing desktop software. While functional for manual trading, DXtrade lacks the EA support that MT4/MT5 provide, making it less suitable for automated strategies.

Available Instruments (100-300+):

• Forex pairs (majors, minors, exotics)
• Metals (gold, silver)
• Commodities
• Global indices
• Stocks
• Cryptocurrencies

Leverage:

• Forex/Gold: Up to 30:1 (50:1 with add-on, MT4/MT5 only)
• Indices: Up to 10:1
• Stocks/Crypto: Up to 2:1

Pricing Models

FXIFY offers two commission structures:

Raw Spread Account:

• Spreads from 0.0 pips
• $6 round-turn commission per lot
• Best for: Scalpers, high-frequency traders

All-Inclusive Account:

• No commission
• Slightly wider spreads
• Best for: Swing traders, position traders

FXIFY Pros & Cons

Pros

• Broker-backed — Partnership with established FXPIG (since 2010) provides execution credibility
• Multiple platforms — MT4, MT5, and DXtrade options
• Up to 90% profit split — Among the highest in the industry
• Instant payouts — Get paid after your first funded trade
• Aggressive scaling — Path to $4M in trading capital
• Relaxed trading rules — EAs, news trading, weekend holding, martingale all permitted
• Six challenge types — Options for every trader profile
• Fee refund on first payout — Most account types qualify
• Raw spread option — Competitive pricing for active traders
• No time limits — Complete challenges at your own pace

Cons

• Trailing drawdown — 1-Step, Lightning, and Instant accounts use trailing (not static)
• Add-on fees — 90% split, bi-weekly payouts, and higher leverage cost extra
• Consistency rules — 25-30% on some accounts limits big winning days
• Minimum trading days — 3-5 days required for most programs
• Mandatory stop-loss (Lightning) — Not all traders want this requirement
• Some payout disputes — Complaints about account breaches and KYC rejections
• Rule changes — Some programs changed from static to trailing drawdown in 2024
• No 2-Step Classic refund — Fee not returned on this program

What Traders Are Saying

Video: Tips for Passing Prop Firm Challenges

Before diving into the reviews, here’s a helpful video on strategies for passing prop firm challenges:

Trustpilot Analysis

FXIFY has accumulated over 3,800 reviews on Trustpilot with an overall rating of 4.3 out of 5 stars.

FXIFY Trustpilot Rating: 4.3/5 (3,800+ reviews)

• 5-star reviews: 77-84%
• 1-star reviews: Notable minority

Common Positive Feedback:

• “Got my first payout in instant account in 24 hours, without any problems. Great fast support team.”
• “Just received my third payout—no drama at all. Every payout has been smooth and hassle-free.”
• “Been working with them for more than a year, payouts always on time, support is amazing.”
• “Customer care team responds very quickly, is always polite and helpful.”

Common Complaints:

• “Misadvertised on their website—claimed instant payouts but had to wait 14 days.”
• “When I wrote to the company about my stop loss being broken at a different price, they didn’t do anything.”
• “Whenever a trader earns profit, you either reject their KYC or find another excuse to deny payouts.”
• “You STILL can’t pay with a credit card when you want to buy a challenge—this has been going on for more than a month.”

Mixed Execution Reports

Some traders report excellent execution through the FXPIG infrastructure, while others mention slippage issues. The broker-backed model doesn’t guarantee perfect execution—it depends on market conditions and your specific trading times.

Is FXIFY Legit?

Yes, FXIFY is a legitimate prop firm with several credibility markers:

• Founded by industry veterans with documented trading and brokerage experience
• Headquartered in London with verifiable company registration
• Broker partnership with FXPIG (established 2010)
• $30M+ in claimed payouts over 12 months
• Multiple platform options through regulated infrastructure
• Consistent Trustpilot presence with thousands of reviews

The broker-backed model is FXIFY’s strongest legitimacy signal. Unlike prop firms operating purely on simulated infrastructure, FXIFY’s MT4/MT5 accounts run through an actual brokerage. This doesn’t guarantee profitability, but it suggests more transparent trading conditions.

However, some concerns exist:

• Payout disputes — Some traders report rejected payouts due to KYC issues or rule violations
• Rule changes — Drawdown types have changed on some programs
• Account breach complaints — Though these may reflect genuine rule violations

FXIFY isn’t a scam, but like any prop firm, success depends on understanding and following their rules precisely.

Who Should Use FXIFY?

Best For:

• EA and algorithmic traders — Full automation permitted with no restrictions
• MT4/MT5 users — Broker-backed platform access through FXPIG
• Traders seeking high profit splits — 90% available (100% on Classic monthly)
• Those wanting instant payouts — Get paid after your first funded trade
• Aggressive scalers — Path to $4M in trading capital
• Swing traders — News trading and weekend holding permitted
• Conservative evaluators — 3-Step program offers just 5% targets

Not Ideal For:

• Budget-conscious beginners — Add-ons increase total cost
• Traders needing static drawdown everywhere — 1-Step, Lightning, Instant use trailing
• Those avoiding consistency rules — Some programs have 25-30% limits
• Traders wanting fee refunds on all programs — 2-Step Classic doesn’t refund

VPS Considerations for FXIFY Traders

Since FXIFY allows Expert Advisors and algorithmic trading without restrictions, many traders run automated strategies on the platform. For EA users, a reliable VPS is essential.

A dedicated trading VPS provides:

• 24/7 uptime — Your EA runs continuously, even during power outages or internet drops
• Lower latency — Faster order execution, critical for scalping EAs
• Consistent connection — Avoids disconnections that can leave positions unmanaged
• Optimized for MT4/MT5 — Run multiple instances without straining your home computer

For traders running automated strategies on FXIFY—especially scalping or high-frequency EAs—a low-latency trading VPS can mean the difference between consistent execution and missed opportunities.

Frequently Asked Questions

Is FXIFY legit?

Yes, FXIFY is a legitimate prop firm founded in 2022 and headquartered in London. They’re broker-backed through a partnership with FXPIG (established 2010) and claim to have paid out $30M+ to traders. They have a 4.3/5 Trustpilot rating with over 3,800 reviews.

What is FXIFY’s profit split?

FXIFY offers an 80% base profit split, which can be upgraded to 90% by purchasing an add-on for an additional 20% of the evaluation fee. Instant Funding accounts come with 90% profit split by default.

How much does FXIFY cost?

FXIFY challenges start at $39 for the 2-Step Classic and 3-Step programs with a $5,000 account. The 1-Step challenge starts at $59. Instant Funding begins at $69 for immediate capital access. Account sizes range from $5,000 to $400,000.

What platforms does FXIFY support?

FXIFY supports MetaTrader 4 (MT4), MetaTrader 5 (MT5), and DXtrade. MT4 and MT5 accounts are provided through their partnership with FXPIG broker. The leverage upgrade to 50:1 is only available on MT4 and MT5 accounts.

Does FXIFY allow EAs and automated trading?

Yes, FXIFY allows Expert Advisors (EAs), algorithmic trading, copy trading, martingale strategies, and grid trading. They also permit news trading and weekend holding, making them one of the more flexible prop firms for different trading styles.

What is FXIFY’s scaling plan?

FXIFY’s scaling plan requires a 10% return over 3 months with at least 2 profitable months. Upon qualification, you receive a 25% account increase. Subsequent scale-ups double the account, with potential growth from $400K to $4M within a year.

How fast are FXIFY payouts?

FXIFY offers instant payouts after your first funded trade on evaluation accounts. You can request a payout as soon as you close your first profitable trade. Bi-weekly payouts are available via an add-on, and payment methods include Rise, bank wire, and cryptocurrency.

Final Verdict

Our Rating: 4.2/5

FXIFY earns its reputation as one of the more credible prop firms in the market. The broker-backed model through FXPIG, flexible trading rules, and aggressive scaling plan to $4M set it apart from purely simulated competitors.

The instant payout feature is genuinely valuable—getting paid after your first funded trade eliminates the waiting that frustrates traders at other firms. The six challenge types provide options for every trader profile, from conservative 3-Step evaluators to those seeking immediate Instant Funding.

However, the add-on pricing model can make FXIFY more expensive than it first appears. Want 90% profit split? Pay extra. Bi-weekly payouts? Extra. Higher leverage? Extra. These fees add up and should be factored into your total cost calculation.

The trailing drawdown on 1-Step, Lightning, and Instant accounts also requires careful consideration. Static drawdown is more forgiving for most traders, and the shift from static to trailing on some programs in 2024 suggests rules can change.

For EA traders, swing traders, and those who value broker-backed infrastructure with MT4/MT5 access, FXIFY is a strong contender. For budget-conscious traders who want everything included in the base price, other firms may offer better value.

The bottom line: FXIFY is a legitimate, feature-rich prop firm with genuine differentiators. Go in with clear expectations about total costs, understand which drawdown type applies to your chosen program, and you’ll have a solid foundation for prop trading success.

Before committing, compare FXIFY’s total costs (base fee plus any add-ons you need) against competitors like FTMO, The5ers, or Funded Trading Plus. Each firm has different strengths, and the best choice depends on your trading style, risk tolerance, and budget constraints.