Dive into the dynamic world of Fxify, a cutting-edge proprietary trading platform that’s revolutionizing the way traders engage with the financial markets. From accessing substantial trading capital to leveraging advanced trading tools on popular platforms like MetaTrader 4 and 5, Fxify stands out as a beacon for both novice and seasoned traders.
This article unveils the multifaceted features of Fxify, exploring how its flexible account options, comprehensive range of trading instruments, and innovative upcoming features are setting new standards in the realm of online trading.
Whether you’re looking to amplify your trading strategies or seeking a robust platform for your trading journey, Fxify offers a compelling blend of technology, flexibility, and trader-centric benefits that are reshaping the landscape of proprietary trading.
Read further to learn more about Fxify, in our review we will detail its features, pros and cons with our rating, and a conclusion about why you should use it.
Click on “open” if you want to see exactly what we will talk about in the rest of this article.
Overview
What is Fxify?
Fxify is a proprietary trading firm offering funded trading accounts to traders. It provides up to $4,000,000 in trading capital, aiming to empower traders to effectively and confidently navigate the markets. The firm offers a One Phase Program, designed for traders seeking quick access to a funded account through a single evaluation process.
Additionally, Fxify introduces a Payout On Demand service, allowing traders to trade, earn profits, and request instant payouts. With profit shares up to 90% and various funding levels, Fxify caters to both novice and experienced traders, providing tailored accounts and the opportunity to become a strategy provider.
Fxify specifications
Features | 5% Maximum Daily Loss / All-in-One Dashboard / Diverse Trading Instruments / FXIFY Pre-Paid Cards / MetaTrader 4 (MT4) and MetaTrader 5 (MT5) / Payout on-demand / Social Copy Trading |
Best suited for | Individuals, Freelancers, Small businesses |
Website languages | English |
Website URL | Visit official website |
Support link | Support page |
Live chat | Yes |
Company address | London, England, United Kingdom |
Year founded | 2023 |
Pricing
Fxify pricing: How much does Fxify cost?
Pricing range | From $175 to $1999 |
Pricing types | One-time payment |
Free plan | No |
Free trial | No |
Money back guarantee | No |
Pricing page link | See plans |
Fxify pricing plans
Fxify offers a range of pricing options for its assessment fees, which vary depending on the level of capital access required by the trader. The fees are structured as follows:
- Assessment Fees: These fees range between $175 and $1,999. The pricing increases with the level of funding a trader applies for. This structure is designed to cater to traders of different experience levels and capital requirements.
- Account Sizes and Corresponding Fees:
- For a $25,000 account, the minimum evaluation fee is $175.
- A $50,000 account has an assessment fee of $325.
- For a $100,000 account, the fee is $475.
- A $200,000 account comes with a fee of $999.
- The highest, a $400,000 account, has an assessment fee of $1,999.
- Profit Split: Traders can receive 100% of the cost of the assessment fee plus an extra 25% with their first withdrawal. This incentive is designed to reward successful traders and offset the initial assessment cost.
- Discounts: Occasionally, discounts are offered on these fees. For instance, a 2-Phase, 100K account challenge might have an original price of $475 but could be available at a discounted price of $380.
These pricing options reflect Fxify’s commitment to providing accessible trading opportunities for a wide range of traders, from beginners to more experienced individuals, while also ensuring that the platform caters to serious traders who are committed to their trading careers.
Features
Fxify features: What can you do with it?
Step into the features section, where the robust capabilities of Fxify come to life. Here, we delve into the intricacies of what makes Fxify a powerhouse in the trading world. Discover how each feature is meticulously designed to enhance your trading experience, offering both efficiency and depth in your market interactions.
From its advanced trading dashboard to the flexibility of choosing between multiple assessment programs, this section illuminates how Fxify equips traders with the tools and resources needed for a successful trading journey.
RAW or All-In Pricing Feeds
Fxify offers traders the choice between RAW or All-In pricing feeds, allowing them to select the option that best aligns with their trading strategies. RAW pricing is typically preferred by traders who seek more transparency and want to see the raw spreads received directly from liquidity providers, often accompanied by a commission per trade.
On the other hand, All-In pricing includes all costs in the spread, making it easier for traders to calculate their trading costs upfront. This feature is particularly beneficial for traders who prefer a more straightforward approach to pricing.
The flexibility to choose between these two pricing models allows traders to optimize their trading experience based on their individual preferences and strategies, whether they prioritize transparency or simplicity in pricing.
300+ Trading Instruments
With access to over 300 trading instruments, Fxify caters to a diverse range of trading interests and strategies. This extensive selection includes various asset classes such as stocks, metals, indices, and foreign exchange (FX), providing traders with the opportunity to diversify their portfolios and explore different markets.
The availability of such a wide range of instruments is a significant advantage for traders looking to spread their risks or capitalize on different market conditions. Whether a trader is interested in the fast-paced environment of FX trading, the stability of metals, or the broad exposure of indices and stocks, Fxify’s comprehensive offering ensures that there is something for every trader, regardless of their market preference or trading style.
Trader-friendly Leverage
Fxify’s standard accounts offer a leverage of 30:1, striking a balance between risk and potential reward. This level of leverage is considered trader-friendly, as it provides enough room for traders to amplify their trades without exposing them to excessive risk.
For traders with a more aggressive approach who are comfortable with higher risk for potentially greater returns, Fxify offers the option to upgrade to a leverage of 50:1. This higher leverage option is suitable for experienced traders who have a well-defined risk management strategy and are looking to capitalize on market movements more significantly.
The choice between these leverage levels allows traders to align their accounts with their risk tolerance and trading objectives, whether they prefer a more conservative approach or seek to maximize their market exposure.
MetaTrader 4 (MT4) and MetaTrader 5 (MT5)
Fxify provides traders with the option to choose between two of the most widely used trading platforms in the market: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). MT4 is renowned for its user-friendly interface, robust technical analysis tools, and automated trading capabilities through Expert Advisors (EAs).
It is particularly favored by traders who focus on forex and CFD trading. MT5, on the other hand, offers additional features such as more timeframes, advanced charting tools, and enhanced order management capabilities. It also supports trading in stocks and commodities, making it a more versatile platform.
Both platforms are known for their stability, comprehensive analytical tools, and customization options, catering to the needs of both novice and experienced traders. The availability of these platforms through Fxify allows traders to select the one that best suits their trading style and preferences, ensuring a comfortable and efficient trading experience.
Payouts: Withdrawal On Demand
Fxify’s payout system is designed to provide flexibility and immediacy, especially for the first payout. Traders have the unique advantage of requesting a withdrawal on-demand as soon as the first trade on their live account is closed, with no minimum amount or minimum trading days required.
This feature is particularly beneficial for traders who need quick access to their funds or prefer to have immediate liquidity. Following the first payout, withdrawals can be made as frequently as every two weeks, offering regular access to funds.
This flexibility allows traders to either withdraw their earnings regularly or leave their account to compound, providing an opportunity to grow their account balance according to their financial strategies and goals.
Up to 90% Performance Split
Traders using Fxify can receive up to a 90% performance split on their live accounts, which is a significant portion of the profits. This high performance split ratio is indicative of Fxify’s commitment to rewarding successful trading.
It incentivizes traders to perform at their best, as the potential earnings can be substantial. This feature is particularly appealing to skilled traders who are confident in their trading strategies and seek to maximize their profit potential.
Easy and Seamless Withdrawal Process
Fxify emphasizes an easy and seamless withdrawal process, ensuring that traders can access their earnings without unnecessary complications. This streamlined process is crucial for a positive user experience, as it reduces the administrative burden and wait times often associated with financial transactions. The ease of withdrawing funds from Fxify enhances trader satisfaction and trust in the platform.
Flexible Payout Options
With up to 15 different payout options, Fxify offers a high degree of flexibility to its traders. This variety caters to the diverse preferences and needs of its global user base, ensuring that traders can choose the most convenient and suitable method for receiving their earnings. Whether it’s through traditional bank transfers, e-wallets, or other digital payment methods, the range of options available makes it easier for traders to access their funds in a way that best suits their individual circumstances.
Revolutionary Trading Dashboard
The trading dashboard provided by Fxify is a state-of-the-art tool equipped with advanced analytics, enabling traders to thoroughly evaluate their trading performance and statistics. This dashboard is a crucial asset for traders aiming to improve their strategies, as it helps in identifying areas for improvement and recognizing consistent patterns.
It includes features like advanced account metrics, challenge account analysis, a comprehensive trade journal, regular trading competitions, exclusive trader discounts, and a top performers leaderboard. The dashboard’s design focuses on consolidating all essential tools and information in one central location, making it an invaluable resource for traders throughout their trading day.
Social Copy Trading (Coming Soon)
Fxify is set to introduce Social Copy Trading, a feature that allows traders to automatically copy the trades of high-performing FXIFY funded traders.
This innovative approach enables less experienced traders to mirror the strategies of successful traders, with all trades being instantly reflected in their own accounts. For traders already profitable and holding a live account with Fxify, there’s an opportunity to become a strategy provider.
As a strategy provider, they can increase their profits by generating returns for other traders who copy their strategy, earning a generous 20% commission from these trades. This feature not only fosters a community of shared knowledge and success but also provides an avenue for skilled traders to monetize their expertise.
FXIFY Pre-Paid Cards (Coming Soon)
Fxify is working on transforming the withdrawal options for funded traders with the introduction of FXIFY Pre-Paid Cards. This initiative aims to revolutionize how traders access their profits, offering an unprecedented level of convenience and flexibility.
With the FXIFY pre-paid card, traders will be able to withdraw their profits anytime and anywhere. These branded pre-paid cards, exclusively available to FXIFY funded traders, will enable them to quickly and conveniently access their earnings.
The card will offer the flexibility of spending profits online, in-store, or withdrawing cash as needed. This feature is a significant step towards integrating trading profits into the everyday financial lives of traders, making the process of accessing and utilizing trading earnings as seamless as possible.
Fxify Programs
Choose Your Account
Fxify offers a flexible approach to account selection, allowing traders to tailor their trading experience to their preferences and goals. Traders can choose the account size they wish to trade with and customize it at checkout, ensuring that the account fits their trading strategy and capital requirements.
This customization feature is particularly beneficial for traders who have specific risk tolerances and financial objectives, as it allows them to start with a capital base that they are comfortable with.
Trade: 1 Phase or 2 Phase Assessment
Traders have the option to undergo either a 1 phase or 2 phase assessment. The 1 phase assessment is designed for those who wish to expedite their trading journey, offering a quicker route to getting funded. This option is ideal for experienced traders who are confident in their trading skills and strategies.
On the other hand, the 2 phase assessment focuses on trading with discipline and consistency. It is suitable for traders who prefer a more structured approach to demonstrate their trading proficiency over a longer period. Both assessments provide a pathway to getting funded, but they cater to different trading styles and levels of experience.
Get Funded: Trade up to $400,000 Starting Capital
Upon successfully passing the assessment, traders can get funded with up to $400,000 in starting capital. This substantial amount of capital allows traders to leverage their strategies on a larger scale, potentially leading to significant earnings.
The funding process is a key aspect of Fxify’s offering, as it provides traders with the necessary resources to trade effectively without requiring a large personal capital investment. This feature opens up opportunities for talented traders to showcase their skills and achieve financial success in the trading world.
1 Phase Assessment
The 1 phase assessment is a streamlined process designed for traders who want to fast-track their access to funding. It is an expedited evaluation that tests a trader’s ability to manage risk and generate profits. This option is particularly appealing to those who are confident in their trading abilities and wish to quickly move into trading with a funded account.
2 Phase and 3 Phase Assessments
In addition to the 1 phase assessment, Fxify also offers 2 phase and 3 phase assessments. These assessments are structured to evaluate a trader’s discipline and consistency over multiple phases. The 2 phase assessment involves two stages of evaluation, while the 3 phase assessment adds an additional layer of scrutiny.
These options are ideal for traders who prefer a more gradual approach to proving their trading skills and are focused on long-term consistency and risk management. The multi-phase assessments help in building a solid foundation for sustainable trading success.
Conclusion
Fxify review: Why you should use it?
Fxify is a compelling choice for traders considering proprietary trading, offering access to up to $4,000,000 in trading capital. The platform is designed to cater to both novice and experienced traders, providing a range of flexible upgrades and options that allow users to customize their account to fit their skill level and trading needs.
With support for popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and access to over 300 trading instruments including Forex and Metals, Fxify offers a comprehensive trading environment.
Pros:
- High Capital Access: Offers up to $4,000,000 in trading capital, enabling significant market leverage.
- Customizable Accounts: Flexible upgrades and options to tailor accounts to individual trader needs.
- Wide Range of Instruments: Access to over 300 trading instruments, catering to diverse trading interests.
- Popular Trading Platforms Supported: Compatibility with MT4 and MT5, widely used and trusted in the trading community.
Cons:
- Assessment Fees: Fees range from $99 to $1,999, which might be a barrier for some traders.
- Complexity for Beginners: The array of options and high capital access might be overwhelming for new traders.
- Trading Rules and Restrictions: Users need to be mindful of the trading rules and restrictions, which may limit certain trading styles.
FAQ