What is FXIFY?
FXIFY sells trading evaluations. You pay a one-time fee, you trade a simulated account against a profit target and a set of loss limits, and if you pass you get a “funded” account and keep 80% of the profits you make on it, with the firm keeping 20%. There is no client money, no deposit, and no brokerage relationship. FXIFY's own General Terms make the simulated nature explicit: clause 1.5 has customers acknowledge “that the funds provided to you for demo trading are fictitious and that you have no right to possess those fictitious funds beyond the scope of their use within the Services… and that you are not entitled to the payment of those funds.”
That clause is standard across the sector and it is not evidence of bad faith. It does define the relationship, though. What you are buying is a contingent claim on a payout, governed entirely by rules FXIFY writes and enforces, with no regulator sitting behind you if the two of you disagree.
FXIFY has been operating since around May 2023, so roughly three years. It survived the August 2024 MetaQuotes purge that closed a lot of its peers, migrating its US-located traders from MetaTrader to DXtrade with positions closed by 16 August 2024, as reported by Finance Magnates. Survival in this sector is itself a data point. Firms that fold usually fold inside eighteen months.
The product lineup is unusually wide: One Phase, Two Phase in three variants (Classic, Standard and Pro), Three Phase, a five-day sprint called Lightning, and two Instant Funding tiers. Platforms are MT4, MT5, DXtrade and TradingView, with 100+ instruments, 30:1 leverage on FX, and a choice of RAW or All-In pricing.
Our verdict
FXIFY is a real firm that really pays, wrapped in disclosure practices that we cannot defend. The good is genuine and worth naming. The evaluation fee is reimbursed with your first payout on request on the 1, 2 and 3 Phase plans, which is a materially better deal than a rebate deferred to a later payout. Several of FXIFY's programs use a static drawdown floor, which is the fairer structure, and they cost the same as the trailing ones. There is no regulator warning, enforcement action or lawsuit naming FXIFY that we could find across the FCA, ASIC, CySEC, BaFin, CONSOB or CFTC.
The bad is structural. The contracting entity is unregulated and its ultimate owner is not publicly verifiable. The published rules page hides the static-versus-trailing choice that the checkout actually sells. The headline 90% profit split is a paid add-on that costs 20% more on the fee. And the dominant complaint theme, well corroborated across independent sources, is profitable traders being denied at payout on an unevidenced “latency arbitrage” accusation, with the account closed, the profit forfeited, and only the fee returned. We score FXIFY 6.0 out of 10. It is usable, with eyes open, on specific plans. It is not a firm we would tell anyone to trust blindly.
Key features & specs
The table below maps each account size to its fee, profit target, drawdown definition and split. Read the drawdown column first, because it is the column that decides whether the rest of the deal is worth anything. The single most important thing to understand about FXIFY's spec sheet is that the drawdown type is not fixed by account size, it is chosen by the product variant you pick at checkout, and the price does not move when you pick it. At the live checkout on 12 July 2026, the Two Phase product carried a “Product Category” selector reading exactly “Classic - Static / Standard - Trailing / Pro - Static”. All three variants share the identical ladder, from $5k at $59 up to $400k at $2,950. Same money. Materially different rule. One more spec-sheet failure deserves naming: the Instant Funding product page carries no drawdown, no daily-loss limit, no consistency rule, no EA policy and no refund terms at all, and its pricing widget renders the wrong product's prices entirely. A prop firm that cannot state its own rules on its own product page is asking the buyer to do work the firm should have done.
| Attribute | Value | Source |
|---|---|---|
| Firm & track record | Contracting entity FXIFY Solutions Limited, UK company no. 14451720, incorporated 31 October 2022, registered office 142 Central Street, Clerkenwell, London EC1V 8AR. Sole active director David Paul Bhidey; Gope Shyamdas Kundnani resigned 5 July 2024. Sole Person with Significant Control is Briarwood Ventures Limited, a Hong Kong company, holding 75% or more of shares and voting rights plus the power to appoint and remove directors, so ultimate beneficial ownership is NOT publicly verifiable. Operating since roughly May 2023 (~3 years). Publicly promoted co-founders Bhidey, Peter Brown and Bobby Winters; Winters is simultaneously CEO of FXPIG, the stated backing broker, making this a related-party structure | UK Companies House ↗ |
| Regulatory status | NOT regulated. The entity you contract with, FXIFY Solutions Limited, is registered under SIC code 62012, “Business and domestic software development,” and holds no financial authorisation of any kind. A Companies House registration is a registration, not a licence. FXIFY advertises that “FXIFY Markets Ltd is licensed in Labuan, Malaysia, as a money broker under License No. MB/22/0097” — but that is a DIFFERENT company. The entity name is corroborated on the Labuan IBFC official list as “FXIFY Markets Ltd. (formerly known as Timios Global Markets Ltd.)”, revealing a prior name; the licence number itself appears only in FXIFY's marketing. A Labuan money-broking licence requires only RM500,000 paid-up capital and carries no compensation scheme or ombudsman | Labuan IBFC money-broker list ↗ |
| Evaluation model | One Phase, Two Phase (Classic / Standard / Pro), Three Phase, Lightning, Instant Funding and Instant Funding Lite. Targets: One Phase 10%; Two Phase Standard 10% then 5%; Two Phase Pro 4% then 8%; Three Phase 5% in each of three phases; Lightning 5% but within a hard 5-trading-day limit; Instant has no target. Minimum trading days: 5 on One Phase, 5 per phase on Two Phase Standard and Three Phase, 3 profitable days (0.5% minimum) on Two Phase Pro. Consistency rules: Two Phase Classic 25% (funded only), Lightning 30% (evaluation AND funded), Instant Lite 20%; NO consistency rule on One Phase, Two Phase Standard, Two Phase Pro or Three Phase. Inactivity: a trade must be placed at least once every 60 days | FXIFY checkout ↗ |
| Account sizes & fees | List prices captured live at the checkout 12 Jul 2026, during a sitewide “WORLD CUP SALE: 26% OFF” (code GOAL26, excluding Instant Lite). One Phase and Two Phase share an identical ladder across ALL THREE variants: $5K $59, $10K $89, $15K $119, $25K $199, $50K $379, $100K $549, $200K $1,049, $400K $2,950. Three Phase $100K $399. Lightning $10K $59 to $100K $399. Instant Funding $2.5K $19 to $50K $289 (caps at $50K, no add-ons offered). Add-ons are percentage uplifts on the fee: Increase Leverage +25%, Increase Profit Split +20% (to 90/10), Bi-Weekly Payouts +5%, Performance Protect +15%. Stacking all four adds +65% to the fee | FXIFY checkout ↗ |
| Max drawdown | Split by variant, and this is the fact that matters most. STATIC: Two Phase Classic 10% (“the floor stays fixed at the starting balance”), Two Phase Pro 8% (“Static drawdown. The maximum loss level is fixed at the start of the evaluation and remains unchanged”), Three Phase 5% (based on initial balance). TRAILING: One Phase 6% (High Water Mark), Two Phase Standard 10%, Lightning 4%, Instant Funding 8% (locks at starting balance once 8% profit is reached or the first payout is processed), Instant Lite 4%. THE EQUITY TRAP: the trailing drawdown trails the High Water Mark on CLOSED balance, but the breach test runs on EQUITY, so open unrealised losses can breach you. The daily loss limit works the same way: “Daily Loss Limit is calculated based on the balance at the end of the previous day, the balance recorded at 5PM EST time.” THE WITHDRAWAL TRAP, verbatim: “When you request a withdrawal, the Max Drawdown locks at your starting balance, regardless of profits made… the buffer created by your profits is reduced by the amount withdrawn.” DISCLOSURE GAP: FXIFY's public rules FAQ lists a single undifferentiated “2 Phase Account … Max Drawdown: 10% Trailing” and never mentions the Classic / Standard / Pro split at all, while the live checkout sells exactly that split at identical prices | FXIFY rules FAQ ↗ |
| Profit split & payouts | Base split 80%. The advertised “up to 90%” is a PAID add-on costing +20% of the fee, not the standard deal. First payout on 1/2/3 Phase is on demand: “traders can request a withdrawal on-demand, as soon as the first trade on the live account is closed. There's no minimum amount. No minimum days.” Thereafter every 30 days, or every 14 days with the paid Bi-weekly add-on. Paid via RISE, bank wire or crypto (USDC/USDT), and “usually get processed within 3 business days” — though a live Trustpilot reviewer reported 16 days plus an interview. The account goes READ-ONLY while a payout is pending. Fee reimbursement: “Your purchase fee gets reimbursed to you with your first payout on request for 1,2 and 3 Phase plans” — Instant Funding is EXCLUDED. Hard breach: “If you have profits in your Funded account at the time of a hard breach, you are not entitled to the profits,” and the paid Performance Protect add-on (+15%) is what lets you withdraw profits after a hard breach anyway. Scaling requires a 10% return in the first 3 months with at least 2 profitable months; first scale-up +25%, then the balance doubles each scale-up, up to 4 scale-ups | FXIFY payouts page ↗ |
| Platform & products | MT4, MT5, DXtrade and TradingView. 100+ instruments across FX, indices, stocks and crypto. Leverage FX 30:1 (50:1 via paid add-on), indices 10:1, stocks and crypto 2:1. RAW or All-In pricing feeds. Stated backing broker is FXPIG (Prime Intermarket Group Eurasia Ltd, Mauritius FSC Investment Dealer licence GB21026537), which shares a principal with FXIFY. Capital is SIMULATED. EAs are allowed on evaluations but BANNED on Instant Funding and Lightning; copy trading is permitted only between your own FXIFY accounts. In August 2024 MetaQuotes directed FXIFY to “cease offering MetaTrader services to traders located in the United States,” and US traders were migrated to DXtrade. FXIFY has no official mobile app. The Instant Funding product page discloses NO drawdown, daily-loss, consistency, EA or refund rules at all, and its pricing widget renders a different product's prices | Finance Magnates ↗ |
Pricing & value
On list price, FXIFY is competitive rather than cheap. A $100k Two Phase is $549. A $100k Three Phase is $399. A $100k Lightning is $399. Instant Funding is the cheapest entry at $19 for $2.5k, rising to $289 for $50k, where it caps. A sitewide 26% promotion was live on 12 July 2026, taking a $100k One Phase from $549 to $406.26.
The genuinely strong feature is the refund mechanism. FXIFY states plainly that “Your purchase fee gets reimbursed to you with your first payout on request for 1,2 and 3 Phase plans.” That is a real reimbursement at the first payout, not a rebate you have to survive several payout cycles to see. Combined with a first payout that FXIFY says can be requested “as soon as the first trade on the live account is closed. There's no minimum amount. No minimum days,” the practical cost to get funded and get your fee back is lower than the sticker suggests. Instant Funding is excluded from the reimbursement, which is exactly the plan a cost-focused beginner is most likely to buy.
Now the part that quietly reprices everything. FXIFY's marketing leads with a split of up to 90%. The base split is 80%. The 90% is an add-on that costs +20% of the fee. It is not alone: Increase Leverage is +25%, Bi-Weekly Payouts is +5%, and Performance Protect is +15%. Stack all four and you have added 65% to your fee. The $549 hundred-thousand becomes roughly $906 before any discount.
Performance Protect deserves a hard look on its own. FXIFY's rules state that “If you have profits in your Funded account at the time of a hard breach, you are not entitled to the profits.” Performance Protect, at +15%, is the add-on that lets you withdraw profits after a hard breach anyway. In plain terms, FXIFY writes a forfeiture clause into its rules and then sells you insurance against its own clause. That is a legitimate commercial choice and it is also a tell about who the rulebook is written for.
Two more cost details. The refund policy on the purchase itself is a single sentence: “No refunds will be offered after the first trade is placed.” And GTC clause 13.1, capitalised in the original, warns that placing a demo trade before the cooling-off window expires forfeits your right to withdraw from the contract. For UK and EU buyers, that is your statutory 14-day cancellation right, gone the moment you open a position.
One-time evaluation fee. Reimbursed on request with the first payout on 1, 2 and 3 Phase plans. Instant Funding is excluded. “No refunds will be offered after the first trade is placed.”| Account size | Fee | Profit target | Max drawdown | Profit split |
|---|---|---|---|---|
| $25K Two Phase | $199 | 10% then 5% (Standard) | 10% static (Classic) / 10% trailing (Standard) | 80% (90% paid add-on) |
| $50K Two Phase | $379 | 10% then 5% (Standard) | 10% static (Classic) / 10% trailing (Standard) | 80% (90% paid add-on) |
| $100K Two Phase | $549 | 10% then 5% (Standard) | 10% static (Classic) / 10% trailing (Standard) | 80% (90% paid add-on) |
| $100K Two Phase Pro | $549 | 4% then 8% | 8% (Static) | 80% (90% paid add-on) |
| $100K One Phase | $549 | 10% | 6% TRAILING (High Water Mark) | 80% (90% paid add-on) |
| $100K Three Phase | $399 | 5% per phase (×3) | 5% (Static) | 80% (90% paid add-on) |
| $100K Lightning | $399 | 5% in max 5 trading days | 4% TRAILING | 80% (90% paid add-on) |
| $50K Instant Funding | $289 | None (funded on purchase) | 8% TRAILING until it locks | 80% — fee NOT reimbursed |
Legitimacy & payout safety
This is the section that should decide your purchase, and it is where FXIFY is weakest.
The licence FXIFY advertises is not held by the company you contract with. The entity behind the checkout is FXIFY Solutions Limited, UK company no. 14451720, incorporated 31 October 2022, registered at 142 Central Street, Clerkenwell, London. Its SIC code on the UK register is 62012, “Business and domestic software development.” It is registered as a software company. It holds no financial authorisation of any kind. A Companies House registration is a registration, not a licence, and any firm that leans on a UK company number as a trust signal is leaning on nothing.
Meanwhile, FXIFY's own page states: “FXIFY Markets Ltd is licensed in Labuan, Malaysia, as a money broker under License No. MB/22/0097.” That licence, such as it is, is real: the Labuan IBFC official list of licensed money brokers does carry “FXIFY Markets Ltd. (formerly known as Timios Global Markets Ltd.)”, which incidentally reveals a prior entity name. The licence number appears only in FXIFY's marketing, so we report it as FXIFY's claim rather than as register-confirmed. Two things follow. First, FXIFY Markets Ltd is a different company from FXIFY Solutions Limited, and your contract, your fee and your payout claim sit with the unlicensed one. Second, a Labuan money-broking licence requires only RM500,000 in paid-up capital. It is an offshore permission, not a UK, EU or US investor-protection regime, and it carries no compensation scheme and no ombudsman you can escalate a denied payout to.
Ultimate ownership is not publicly verifiable. The sole Person with Significant Control over FXIFY Solutions Limited is Briarwood Ventures Limited, a Hong Kong company, holding shares of 75% or more plus voting rights and the power to appoint and remove directors. Who owns Briarwood sits behind a paywalled Hong Kong registry. We can name the UK shell. We cannot name the people who ultimately own it, and we will not pretend otherwise.
The named people we do have are David Paul Bhidey, the sole active UK director since Gope Shyamdas Kundnani resigned on 5 July 2024, plus Peter Brown and Bobby Winters, publicly promoted as co-founders. Winters is simultaneously CEO of FXPIG, the broker FXIFY presents as its backing. So the prop firm and its “backing broker” share a principal. That is a related-party structure, not an arm's length one, and it weakens the reassurance the backing-broker page is designed to provide.
“PLEASE NOTE THAT IF YOU START PERFORMING DEMO TRADES BEFORE THE EXPIRY OF THE SPECIFIED TIME LIMIT, YOU LOSE YOUR RIGHT TO WITHDRAW FROM THE GTC.”
FXIFY Terms of Service, FXIFY General Terms & Conditions, clause 13.1 (capitalised in the original), accessed July 2026 TOS ↗
That clause kills the statutory 14-day cancellation right the moment you place a trade. Read it alongside the unregulated status and you have the whole risk profile in two sentences.
Static versus trailing decides your outcome, and it is the most useful thing in this review. A static floor is fixed at your starting balance. Lose 10% from where you began and you are out; profits are yours to keep as a buffer. A trailing floor follows your High Water Mark upward, so every new equity peak drags the kill line up behind you. A trader who is up 8% and gives back 7% has breached nothing on a static floor and can be dead on a trailing one. Same trading, opposite result. FXIFY sells both. It just does not tell you so on its rules page. The public rules FAQ lists one undifferentiated “2 Phase Account … Max Drawdown: 10% Trailing” and never mentions the Classic, Standard and Pro split at all. The checkout, meanwhile, offers exactly that split at the same price: Two Phase Classic is 10% static, Standard is 10% trailing, Pro is 8% static. Three Phase is 5% static, One Phase is 6% trailing, Lightning is 4% trailing, and Instant Funding is 8% trailing until it locks. A buyer reading FXIFY's own published rules cannot learn that a static option exists, nor that they may be walking into the trailing one by default. We consider that the single most actionable failure on this site.
Two mechanical traps sit underneath. First, the equity trap: the trailing drawdown trails your High Water Mark on closed balance, but the breach test runs on equity. Unrealised losses on open positions can breach you against a line that never moved up to meet them. The daily loss limit works the same way, calculated from “the balance recorded at 5PM EST time”, then tested against intraday equity. Second, the withdrawal trap, in FXIFY's own words: “When you request a withdrawal, the Max Drawdown locks at your starting balance, regardless of profits made… the buffer created by your profits is reduced by the amount withdrawn.” Withdraw your full profit and your loss buffer collapses back toward your starting balance. Traders who take the money and immediately resume trading at the same size can put the next position straight into breach range. We have seen very little written about this mechanic anywhere and it deserves to be understood before your first payout, not after.
Does it pay? Yes, and we will not equivocate on that. The community tracker TheTrustedProp records $33.9 million across 13,299 payouts, an average payout of $2,553, a largest payout of $119,698, and 248 payouts totalling $278,000 in the trailing 30 days. That is a real, active payout flow. It must be characterised honestly, though: TheTrustedProp publishes no verification methodology and states that “All information is sourced from public data and community reviews only.” It is community-tracked, not audited and not on-chain verified. Nobody should call it verified, and we do not.
Then FXIFY contradicts itself. On 12 July 2026, FXIFY's homepage claimed “$40M+” paid and “250K+ Payouts Made”. On the same day, FXIFY's own payouts page claimed “$30M+”, “12,500+ payouts” and “6,000+ traders paid out”. That is a $10 million gap in the total and roughly a twentyfold gap in the payout count, between two pages of the same website. The independent tracker's 13,299 lines up closely with the payouts page and exposes the homepage's “250K+” as inflated, most plausibly a signup figure being presented as payouts. Both FXIFY pages agree the largest single payout is “$117,000”; the $119,698 figure comes from the tracker, not from FXIFY. A firm that cannot state its own payout count within an order of magnitude is a firm whose self-reported numbers cannot be relied on for anything.
What traders say
The most important user review we found is not a complaint about losing. It is a complaint that dismantles FXIFY's own rulebook using FXIFY's own rulebook. A 1-star reviewer from Colombia, writing on Trustpilot on 10 July 2026 in a review Trustpilot itself labels unprompted, reported that his payout was denied on a “latency arbitrage” accusation, and pointed out that he was trading an Instant account, which does not permit bots or automated software, and that latency arbitrage without automated tools is virtually impossible to execute.
We checked, and the reviewer is right on the documents. FXIFY defines latency arbitrage as “exploiting the delay (or ‘Latency') between price updates from different data sources or trading platforms,” and it is on the prohibited list. But FXIFY's own FAQ states, verbatim: “No, on Instant Funded accounts, the use of EA's, bots and copy traders is prohibited and can run the risk of your account being terminated.” So when FXIFY accuses an Instant Funded trader of latency arbitrage, it is accusing them of a strategy that is not realistically executable without the automation FXIFY has already banned on that exact account type. That contradiction sits on FXIFY's own website. It does not prove any individual denial was wrong. It does mean the stated reason, applied to that account type, does not hold together.
The pattern behind it is corroborated across multiple independent sources, and it is the dominant complaint theme: profitable traders denied at payout on a latency-arbitrage or prohibited-strategy accusation with no trade-level evidence produced, the account closed, the profit forfeited, and only the challenge fee returned. A second theme concerns “CID/IP sharing” or “account management” flags hitting traders on VPNs, carrier-grade NAT or mobile networks. A third concerns payout delays while the account sits read-only, with some traders reporting removal from FXIFY's Discord after raising it publicly. FXIFY's own blog confirms that payout-time compliance reviews cover the entire trading history from day one, which means a breach alleged weeks earlier can surface for the first time on the day you ask for your money.
The other side is real too, and we chose our positive quote because it is unvarnished. A 5-star reviewer from Canada, writing on 6 July 2026 and also flagged by Trustpilot as unprompted, was paid. It took 16 days against a page that promises payouts “usually get processed within 3 business days”, and she had to sit an interview. That is a positive review that quietly undercuts the fast-payout marketing.
On the aggregate: Trustpilot shows 4.3 out of 5 from 6,083 reviews as of 12 July 2026, with 78% at five stars and 12% at one star. Read that with three caveats. Trustpilot itself displays the label “Asks customers to review”, meaning FXIFY solicits reviews; FXIFY holds a paid Trustpilot subscription; and Trustpilot's own notice states “We use technology to protect platform integrity, but we don't fact-check reviews.” A prop firm that solicits reviews from traders at the moment of payout is sampling its happiest customers by construction. The 12% one-star share is the number that survives that skew, and it has been drifting up, from 648 one-star reviews on 21 April 2026 to 675 on 19 May 2026. One more line worth knowing: FXIFY Futures runs a separate Trustpilot profile rated 3.7, or “Average”. The futures arm scores materially worse than the forex arm. Finally, a transparency signal. When Finance Magnates sought comment on the August 2024 MetaQuotes decision, it reported that “FXIFY has not provided a response yet and deleted the inquiry.” Deleting a press inquiry is not a rule violation. It is a choice about how much daylight you want.
| Platform | Score | Sample | Source |
|---|---|---|---|
| Trustpilot | 4.3 / 5 | 6,083 reviews — 78% five-star, 12% one-star (observed live 12 Jul 2026). Profile labelled “Asks customers to review”; FXIFY holds a paid Trustpilot subscription | Source ↗ |
| Trustpilot (FXIFY Futures) | 3.7 / 5 — “Average” | Separate profile; the futures arm rates materially worse than the forex arm | Source ↗ |
| TheTrustedProp (payout tracker) | $33.9M paid | 13,299 payouts, average $2,553, largest $119,698 — community-tracked, NOT audited and NOT on-chain verified | Source ↗ |
| Aggregate | 4.3 / 5 | 6,083 Trustpilot reviews, but the profile is review-solicited and the 1-star share (12%) is drifting up (12 Jul 2026) | Normalized by TheFXGeek |
“Finally I reach payout after breaching so many accounts, I have received my first payout it took 16 days for it to arrive in my bank account all went well it would be much better if FXIFY can make the payout process bit faster I had to go through an interview after reaching my payout stage. Thank you FXIFY I will be continue trading with FXIFY.”
sahina Patel (5 stars, Canada — labelled by Trustpilot an “Unprompted review”), Trustpilot, 6 Jul 2026 source ↗
“After an unjustified wait, I received an email in which, surprisingly, they denied my payment under the pretext of having used a prohibited trading strategy: latency arbitrage. This is completely FALSE. My trading is 100% manual. Furthermore, the account I was using was an instant account, which does NOT allow the use of bots or automated software. And as is well known, latency arbitrage without automated tools is virtually impossible to execute. In other words, the accusation has no technical or logical basis.”
PortafolioWin (1 star, Colombia — labelled by Trustpilot an “Unprompted review”), Trustpilot, 10 Jul 2026 source ↗
Pros & cons
The balance here is unusual: FXIFY's strengths are concentrated in the economics, and its weaknesses are concentrated in the disclosure and the appeals process. If you can navigate the rulebook accurately and you never end up in a dispute, it is a decent-value firm. If you end up in a dispute, you have no regulator, no ombudsman and no arbitrator, only a support desk employed by the counterparty.
- Evaluation fee reimbursed with your FIRST payout on request on 1, 2 and 3 Phase plans, ahead of the sector norm of a deferred rebate
- First payout can be requested as soon as the first funded trade closes, with no minimum amount and no minimum days
- Static drawdown available on Two Phase Classic (10%), Two Phase Pro (8%) and Three Phase (5%) at the same price as the trailing variants
- Independent community tracker logs $33.9M across 13,299 payouts, average $2,553 (community-tracked, not audited)
- No consistency rule at all on One Phase, Two Phase Standard, Two Phase Pro or Three Phase
- Four platforms (MT4, MT5, DXtrade, TradingView), 100+ instruments, and a choice of RAW or All-In pricing
- No regulator warning, enforcement action or lawsuit naming FXIFY found across the FCA, ASIC, CySEC, BaFin, CONSOB or CFTC
- Roughly three years of operation, having survived the August 2024 MetaQuotes restriction that closed many peers
- The contracting entity, FXIFY Solutions Limited (UK no. 14451720), is registered under SIC 62012 as a software developer and holds no financial authorisation; the advertised Labuan licence belongs to a different company, FXIFY Markets Ltd
- Ultimate beneficial ownership sits behind Briarwood Ventures Limited, a Hong Kong company, and is not publicly verifiable
- FXIFY's public rules FAQ lists only “2 Phase Account … Max Drawdown: 10% Trailing” and never discloses the Classic (static) / Standard (trailing) / Pro (static) split sold at checkout at identical prices
- Dominant complaint theme: profitable traders denied at payout on an unevidenced “latency arbitrage” accusation, account closed and profit forfeited, with a rationale that contradicts FXIFY's own ban on EAs and bots on Instant Funded accounts
- The advertised 90% split is a paid add-on costing +20% of the fee (base is 80%); four stackable add-ons total +65%
- FXIFY's own payout counters disagree by roughly 20x on the same day (“250K+ payouts” on the homepage versus “12,500+” on the payouts page)
FXIFY vs alternatives
Against the broad field of two-step evaluation firms, FXIFY wins on two axes and loses on one big one. It wins on refund timing. The sector norm is to rebate the evaluation fee at some later payout, often the second or a subsequent one, which means you must stay alive through multiple cycles to see it. FXIFY reimburses on the first payout, on request, on the 1, 2 and 3 Phase plans, and its first payout can be requested as soon as the first funded trade closes. On the plans where it applies, the true cost to get funded and get your money back is lower than the sticker price implies. It also wins on rule optionality: very few firms let you choose a static floor at the same price as a trailing one, and FXIFY does exactly that on the Two Phase product. We simply wish it said so on the rules page.
It loses on corporate substance and recourse. The heavyweight names in this sector are also, in the main, unregulated, so FXIFY is not unusual there. What is unusual is the specific gap between the entity you contract with, which is an unlicensed UK software company, and the entity whose licence is advertised, which is an offshore money broker with a shared principal. When a peer denies a payout you are equally stuck. When FXIFY denies one, you are stuck and the licence that was used to reassure you turns out not to cover your counterparty.
How FXIFY compares to the next tools in our prop firms ranking:
| Metric | FXIFY | FundingPips | Tradeify |
|---|---|---|---|
| Our score | 6.0/10 | 7.4/10 | 7.3/10 |
| Starting price | From $19 evaluation | From $36 evaluation | From $99 one-time |
| Best for | Discretionary traders who deliberately pick a static-drawdown plan and take an early first payout to recover the fee | Disciplined traders who want low-cost, no-time-limit evaluations with verifiable payouts | Disciplined intraday futures traders who want one-time fees and a forgiving EOD-trailing drawdown |
| Regulation | Offshore | Offshore | Offshore |
| Full review | This page | FundingPips review → | Tradeify review → |
In short: FundingPips edges ahead of FXIFY in the overall ranking, but discretionary traders who deliberately pick a static-drawdown plan and take an early first payout to recover the fee is where FXIFY makes its strongest case.
Who is FXIFY for?
Use FXIFY if…
Use FXIFY if you want a static drawdown floor and you know to select Two Phase Classic, Two Phase Pro or Three Phase at checkout rather than trusting the rules page. It suits you if you are a discretionary, manual trader who can pass an evaluation and take a first payout quickly, so the fee reimbursement lands early and your capital at risk is genuinely limited to a few hundred dollars. It also suits you if you value platform choice and specifically want DXtrade or TradingView alongside MT4 and MT5, or if you want a firm with an established, independently tracked payout flow rather than an unknown launched last quarter.
Skip it if…
Skip it if you need a regulated counterparty or any external appeals route, because there is none: if FXIFY denies your payout, there is no ombudsman, no compensation scheme and no regulator to escalate to. Skip it if you want to trade Instant Funding, which is excluded from the fee reimbursement, has no rules disclosed on its product page, and sits at the centre of the latency-arbitrage denial pattern. Skip it if you cannot tolerate a trailing drawdown measured against equity, because One Phase, Two Phase Standard, Lightning and both Instant tiers all trail. Skip it if you need to know who ultimately owns the company that holds your profits, because you cannot find that out. And skip it if you plan to run EAs on Instant Funding or Lightning, where they are banned.
Final verdict
FXIFY pays. That fact is corroborated by an independent tracker showing $33.9 million across 13,299 payouts and by a wall of Trustpilot reviews from traders who got their money. It also offers a fee reimbursement on the first payout that is better than most of the sector, and static drawdown options at no premium. Those are real strengths and they are why the score is not lower.
The score is not higher because of what sits behind them. The company you contract with is a UK-registered software developer with no financial licence, ultimately owned through a Hong Kong entity nobody outside the paywall can see, advertising a Labuan licence held by a sister company whose broker shares a principal with FXIFY itself. Its rules page hides a static-versus-trailing choice it sells at checkout. Its 90% split costs 20% more on the fee. Its payout counters contradict each other by twentyfold on the same day. And the loudest, best-corroborated complaint against it is that profitable traders get denied at payout on a latency arbitrage accusation that, on FXIFY's own documentation, cannot logically apply to the account type most often accused. Buy FXIFY on a static-drawdown plan you selected deliberately, with your first payout requested early so the fee comes back, and with money you accept you might not see again. Do not buy it because a licence badge told you it was safe. That badge belongs to somebody else. We score it 6.0 out of 10.
FXIFY genuinely pays and reimburses your fee on the first payout, but you contract with an unlicensed UK software company advertising a sister firm's offshore licence, and its own rules page hides the static-versus-trailing choice it sells at checkout. Open a demo account to try the platform risk-free, then fund a live account when you're ready. Trading carries risk.
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