FXIFY review
Broker-backed CFD prop firm since 2023, offering evaluation, instant and lightning funding
- CEO
- Not disclosed
- Headquarters
- Mauritius
- Founded
- 2023
- In business
- 3 years
- Trustpilot
- 4.3(6.3K)
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Our grade
Average
5.5 / 10 · #13 of 22
4.3
Trustpilot
6.3K reviews
- 5★55%
- 4★25%
- 3★10%
- 2★5%
- 1★5%
FXIFY rules & hidden risks
The fine print that costs traders accounts
Hidden Risk score
5.3/10
High risk
Average: 5.5
FXIFY's evaluation numbers are clear and well-documented, but the real risk sits in a handful of discretionary, vaguely-worded clauses enforced after the fact. 'Latency arbitrage' — defined only as trading on 'an external or slow data feed' — is used to terminate funded accounts and void profits, and is by far the most common complaint in our review sample. Device/IP account-management flags, program-specific consistency rules, and a forced weekend flatten on instant accounts add further ways to lose an account or a payout unexpectedly.
Hidden rules to know before you buy
- highdiscretion
'Latency arbitrage' is a vague, discretionary clause used to void funded accounts
T&C section 5.4 defines it only as performing trades 'using an external or slow data feed,' with no quantitative latency threshold disclosed anywhere. It is the single most common complaint in our Trustpilot sample (35.6% of negative reviews), typically surfacing within days of a trader passing an evaluation or requesting a payout, and FXIFY's stated consequence is account termination with voided profits.
Source - highpayout
Payouts route only through a mandatory third-party processor
Nearly every payout (outside Ukraine-based crypto payouts and a few unsupported US states) must clear a second KYC check with Rise, a step outside FXIFY's own dashboard. 2026 Trustpilot reviews describe payouts held behind Rise verification for 7-21+ days with no resolution timeline from FXIFY.
Source - mediumdiscretion
Device ID (CID) matches can trigger an 'account management' investigation
FXIFY tracks a computer ID (CID) alongside IP address; multiple users sharing a CID can be read as prohibited account management even when the overlap is incidental (shared device, VPN, local ISP routing). Reviewers in regions with carrier-grade NAT or shared household connections report bans triggered this way.
Source - mediumconsistency
Funded-stage consistency rules differ by program and are easy to miss
2-Phase Classic funded accounts carry a 25% rule, Instant Funding Lite a 20% rule, and the Lightning Challenge a 30% rule applied to both the challenge and funded stages; 1-Phase, 2-Phase Standard, 2-Phase Pro and 3-Phase carry none. Reviewers report breaches after a single strong trading day they did not realize would count against them.
Source - mediumaccount
Weekend auto-flatten can itself trigger a breach on Instant Funding accounts
Standard and Lite Instant Funding positions are force-closed at 3:45PM EST every Friday regardless of trader intent, and FXIFY's own FAQ states any resulting breach from that closure 'will be the trader's responsibility.'
Source - mediumdrawdown
A breach locks in on real-time equity, not the balance shown afterward
FXIFY's own FAQ confirms a drawdown breach is triggered the instant equity dips below the limit, even for a single price tick that later reverses, so the dashboard can show a healthy balance after the breach already happened.
Source - mediumstrategy
EA use needs case-by-case pre-approval, and unapproved use risks forfeited profits
Expert Advisors are allowed only on 1/2/3-Phase accounts, never Instant or Lightning, and only after support reviews and pre-approves the specific EA. FXIFY's FAQ warns unapproved use 'may potentially result in violation of Terms of Service' and suspension without eligibility to profits; 'herd trading' separately bans coordinated use of the same popular EA.
Source - lowkyc
Restricted-country list is inconsistent between the site footer and the FAQ
The homepage footer's legal disclaimer names the United States among restricted jurisdictions, but FXIFY's dedicated 'what countries are not accepted' FAQ omits the US, MT5 is explicitly unavailable only to US clients (implying other platforms remain open to them), and numerous verified US-tagged Trustpilot reviews describe funded US accounts — so US eligibility likely depends on state and platform, not a blanket ban as the footer implies.
Source
The rulebook
Drawdown & consistency4 rules
- Drawdown type and size vary by program: One Phase and Three Phase use 6%/5% trailing or static loss limits; Two Phase ranges from a static 10% (Classic) to a trailing 10% (Standard) to a static 8% with a $4,000/day profit cap (Pro); Instant Funding and Lightning use 8%/4%/4% trailing limits.
- A drawdown breach is based on real-time equity, not the settled balance shown afterward — a single price tick below the limit locks in a breach even if the price recovers immediately.
- Funded-stage consistency rules apply only on some programs: 25% on 2-Phase Classic, 20% on Instant Funding Lite, 30% (challenge and funded) on the Lightning Challenge; no consistency rule on 1-Phase, 2-Phase Standard, 2-Phase Pro or 3-Phase.
- On 1 and 2-Phase Standard accounts, a processed payout locks the trailing drawdown floor at the starting balance, shrinking the remaining buffer by the amount withdrawn.
Prohibited strategies3 rules
- Nine strategies are named as prohibited under T&C section 5.4: High-Frequency Trading, Reverse/Group Hedging, Account Management (including 'pass your challenge' services), Latency Arbitrage, Order Book Spamming, Herd Trading and Collusion (including shared use of the same EA), Exploiting Bugs and Glitches, High-Leverage News Trading, and Statistical Arbitrage.
- The consequence for any of the above is account termination and voided profits; FXIFY's definitions are brief and, for latency arbitrage specifically, carry no disclosed numeric threshold.
- EAs need individual pre-approval on 1/2/3-Phase accounts and are banned outright on Instant Funding and the Lightning Challenge.
News, weekend & overnight3 rules
- News trading is allowed on 1/2/3-Phase evaluations and funded accounts, with a general risk-management expectation and a T&C clause reserving a 2-hour pre/post major-news restriction; it is banned outright on Instant Funding, Instant Funding Lite and the Lightning Challenge.
- Weekend and overnight holding are allowed on 1/2/3-Phase accounts (forex markets are simply closed on weekends; crypto trades through).
- Instant Funding and Instant Funding Lite positions are force-closed at 3:45PM EST every Friday; the market reopens Sunday 5PM EST, and any breach from the forced closure is the trader's responsibility.
Account, KYC & device rules5 rules
- One profile per person; multiple profiles or third-party account purchases are terminated, with a narrow exception for shared-bank-account couples.
- Two separate KYC checks (FXIFY and payment processor Rise) must both pass before any payout is released.
- FXIFY tracks IP and a device computer ID (CID); multiple accounts sharing a CID can trigger an account-management review.
- An account is breached for inactivity after 60 days without a trade.
- Since 25 Nov 2024, max allocation is one active account of each size ($5k-$400k, about $805k combined) across challenge and funded stages; Instant Funding and the Lightning Challenge instead cap a trader to one actively-traded account at a time.
Payouts & fees4 rules
- Minimum withdrawal is $50 across all programs; withdrawals are reviewed Monday-Friday 9AM-9PM GMT with delays likely around weekends and public holidays.
- Rise is the default payout processor; Ukraine-based traders use crypto (USDC/USDT), and a handful of US states (Iowa, South Carolina, Puerto Rico, Guam, US Virgin Islands) use an alternate method.
- No refund once the first trade is placed; the evaluation fee itself is refundable on some programs (One Phase, Two Phase Standard, Three Phase, Lightning) and not others (Two Phase Classic, Two Phase Pro, Instant Funding, Instant Funding Lite).
- The Performance Protect add-on lets a trader keep and withdraw accrued profit split even after a drawdown breach closes the account.
What FXIFY allows
RestrictedEAs / botsRestricted
Allowed on 1/2/3-Phase evaluations and funded accounts only after FXIFY support reviews and pre-approves the specific EA; banned outright on Instant Funding, Instant Funding Lite and the Lightning Challenge; not supported on DXtrade (MT5 only).
RestrictedNews tradingRestricted
Allowed on 1/2/3-Phase accounts with a general risk-management expectation (oversized news bets can be banned as improper risk management); the T&C also reserves a blanket 2-hour pre/post major-news restriction; banned outright on Instant Funding, Instant Funding Lite and the Lightning Challenge.
RestrictedWeekend holdingRestricted
Allowed on 1/2/3-Phase accounts (forex market is simply closed weekends; crypto trades through); Instant Funding and Instant Funding Lite positions are force-closed at 3:45PM EST every Friday, and any resulting breach is, per FXIFY's FAQ, the trader's responsibility.
AllowedOvernight holdingAllowed
Allowed across all programs; FXIFY warns of thin liquidity and gaps around the 5PM EST rollover.
RestrictedCopy tradingRestricted
Copying between your own FXIFY accounts, or outward from one, is allowed; banned on Instant Funding, Instant Funding Lite, the Lightning Challenge and Two Phase Pro (unless it is the master account); copying in from an external account needs prior approval and a 30-day verified trading statement.
RestrictedHedgingRestricted
T&C section 5.4 bans 'Reverse and Group Hedging' — offsetting positions across accounts to manipulate risk; ordinary same-account hedging is not separately addressed.
AllowedScalpingAllowed
Not restricted by name; reviewers report scalping successfully, but high-frequency, ultra-fast algorithmic execution is banned separately as a prohibited strategy.