Author: David X

You asked, we delivered. Trade with Unlimited Days on FXIFY’s funded trading assessments by default – FREE for new and existing FXIFY traders. No upgrades or add-ons required.

Say goodbye to the outdated 30 or 60-calendar-day constraints for completing prop firm challenges. At FXIFY, all new and existing clients will now have Unlimited Days to complete their assessments. This means you will now have the freedom to take as much time as you need to meet the trading objectives in your FXIFY assessment and progress at your own pace.

With this update, you can focus on honing your trading skills without the pressure of strict time limits. We believe that giving you more control over your funded trading journey will ultimately lead to better results. 

What does this mean for our prop traders?

Simply put, many of our prop traders will experience less stress when trading with unlimited days in their evaluation stage. Making trading gains in Forex is no easy feat, and achieving a 10% return in one month can be challenging for most. Without the time pressure, our prop traders can now take their time to think about position sizes, wait for the right entry points, and let their trades run their course.  This will lead to more confident and accurate trading decisions.

Why the change?

At FXIFY, our aim is for our prop traders to succeed. After listening to the feedback from our community, we realised that time limitations were hindering their performance. We have made it our mission to remove any obstacles preventing our traders from reaching their full potential. By implementing Unlimited Days as a standard for all our evaluation programs, we are providing our prop traders with the tools to excel in their funded trading journey.

How does Unlimited Days work?

When you purchase an assessment at FXIFY, you will now automatically have Unlimited Days to complete each phase without any additional fees. No need to worry about running out of time or having to retry your assessments. Take your time and trade with confidence knowing that there are no time limits.

What about current prop traders?

The Unlimited Days offering will now be applied to all current and future assessments for our prop traders. No need to worry about time constraints anymore! This means you can fully focus on achieving your trading goals without any limitations.

We want every single one of our prop traders to benefit from this change. With the ‘Unlimited Days’ offering included for free in all your upcoming challenges, nothing can hold you back.

Join FXIFY and trade with no time limits!

Start your funded trading journey today with FXIFY and enjoy ‘Unlimited Days’ as a standard on all our One Phase, Two Phase, or Three Phase evaluation programs. We have the perfect account size for every trader, ranging from $15,000 to $400,000. Prove your skills, get funded, and request your first payout on demand with up to 90% Performance Split.

Prop trading can bring you life-changing gains, but let’s face it, the market can also be unpredictable. We’ve all been there.

We’ve all felt the frustration of the markets seemingly working against us, despite our relentless efforts. It can be incredibly disheartening when we’ve worked tirelessly to accumulate trading gains in our live-funded prop accounts. Breaching a drawdown rule and forfeiting all trading gains made up to that point only adds to the frustration. It’s a harsh reality that funded traders face. However, today, we have some exciting news to share with you!

Introducing FXIFY Performance Protect – a new feature designed to safeguard your hard-earned trading gains in the face of unexpected drawdown breaches. In this blog post, we’ll provide an overview of Performance Protect. So, buckle up and get ready to learn about this game-changing feature!

How FXIFY Performance Protect Work:

FXIFY Performance Protect is a unique feature designed to safeguard our funded traders’ accounts in the event of a drawdown breach. This prop trading addon offers account protection. It allows our funded traders to preserve their remaining trading gains and request a payout based on the agreed performance split, even if a drawdown breach occurs.

This innovative solution is especially beneficial for traders looking to protect substantial gains from potential drawdown breaches. With FXIFY Performance Protect, traders can confidently navigate the market, knowing their gains are safeguarded and they can continue to benefit from their success despite setbacks.

Calculation Example of FXIFY Performance Protect:

To illustrate how  FXIFY’s Performance Protect add-on works, let’s consider a hypothetical scenario. Here’s what you need to know:

• Starting Balance: $100,000
• Highest Equity Reached: $130,000
• Daily Drawdown (DD): -$6,500 (5% DD breached)
• Ending Balance: $123,500

Without Performance Protect, the trader’s funded account would be closed, and all existing gains would be forfeited. This is not the case with FXIFY Performance Protect.

With the Performance Protect add-on, the trader can request a payout of the remaining gains, in this case, $23,500, which will be distributed accordingly based on the agreed-upon performance split. This not only saves the trader from losing all their hard-earned profits but also provides a safety net in the event of adverse market conditions.

How to Purchase FXIFY Performance Protect:

Prop traders at FXIFY can enhance their trading security with the FXIFY Performance Protect addon. Simply select the addon at checkout, priced at just an additional 15% of the evaluation fee. Remember, the addon must be purchased during checkout; it cannot be acquired separately upon advancing to the funded stage. By making a thoughtful decision from the start, you can safeguard your trading gains and benefit from them in your funded stage.

Secure Your Funded Trading Gains Today with FXIFY Performance Protect!

Setbacks are inevitable. Volatility and drawdown breaches can sometimes overwhelm even experienced traders. FXIFY Performance Protect acts as a protective shield in this regard, ensuring the security of your trading gains even in challenging times. Whether you’re a novice trader trying to navigate the markets or a seasoned trader looking to safeguard your hard-earned gains, consider the FXIFY Performance Protect as an account power-up.

As a trader, getting a funded account from a prop firm can be a great way to kickstart your trading career. The two of the most popular funded trading programs in the industry are the One Phase and Two Phase evaluation. But with two different options, how do you know which one is better for you? In this blog, we will explore the differences between these two programs to help you make an informed decision.

Understanding the Key Differences: One Phase vs Two Phase Evaluation

The FXIFY One Phase Program

The FXIFY One Phase evaluation is ideal for traders who want to take a fast-track solution to gain access to a funded account. You only need to pass one assessment to qualify for funding. There are no time limits to pass the assessment phase, which provides flexibility.

Key Highlights:

• One-step evaluation: Prove your prop trading skills in a single assessment and become an FXIFY-funded trader.
• Strict drawdown rules: Daily Drawdown limit of 5% and Max Trailing Drawdown capped at 6%.
• Uses trailing drawdowns: Compared to a static drawdown, a trailing drawdown trails your daily equity and is updated at each end of the day.
• Profit target of 10% for the assessment phase.
• Best suited for experienced prop traders who can stick to low-risk trading and prefer a fast-track solution to trade our funds.

The FXIFY Two Phase Program

The FXIFY Two Phase evaluation features relaxed drawdown rules and aims to pinpoint traders possessing the crucial skills required for success in prop trading. With two assessments, it emphasises consistency, skill, and stringent risk management. Traders must demonstrate greater discipline and consistency throughout both phases to qualify for funding.

Key Highlights:

• Two-step evaluation that emphasises discipline and consistency across two separate assessments before gaining access to our funds.
• Lenient drawdown rules: Daily Drawdown limit set at 5%, Max Drawdown capped at 10%.
• Profit targets: 10% for Phase 1, 5% for Phase 2.
• No time limits for completing the evaluation phase.
• Suited for traders demonstrating discipline and consistency with effective risk management skills.

Which Funded Trading Program is Best for Me?

Choosing the right funded trading program ultimately depends on your trading style, experience, and the degree of discipline you can exercise. Both assessment programs, the One Phase and Two Phase evaluation programs, offer distinct advantages tailored to different trading capabilities.

The One Phase evaluation, with its strict drawdown rules, is a go-to choice for experienced prop traders who prefer low-risk trading and a fast-track solution. On the other hand, the Two-Phase evaluation is geared towards prop traders who can maintain discipline and consistency across two separate assessments. Both funded trading programs offer account sizes ranging from $15,000 to $400,000 with no time limits in completing the assessment phases.

Additional customisation options are available for both programs. This empowers traders with the flexibility to tailor their experience to their specific needs and preferences:

• Up to 90% Performance Split
• FXIFY Performance Protect
• Bi-weekly payouts
• Increased Leverage, up to 50:1 
• Choose between RAW or All-In price feeds
• Trade on MT4 or MT5

Choose. Trade. Get Funded.

Get started today with FXIFY – choose your preferred funded trader program with account sizes ranging from $15,000 to $400,000, and tailor your prop accounts to meet your specific needs. Kickstart your funded trading journey with an industry-leading prop firm, built by traders, and backed by a broker with over a decade of industry experience.

In the world of online trading, there are several routes you can take to try and maximise your trading gains. Two such methods are funded trading with prop firms and regular trading with retail forex brokers. Each has unique features, benefits, and drawbacks, making them suitable for different traders. This article aims to provide a comprehensive comparison of these two methods, helping you decide which one might be the best fit for your trading strategy.

What is Funded Trading?

Funded trading is an ever-growing trend in the trading industry. It involves trading with prop firms like FXIFY, where clients pay a fee to undergo a trading evaluation (also known as a trading challenge). Upon passing this evaluation, traders will be given access to the firm’s capital to begin trading on a funded account. Essentially, you’re trading someone else’s money, which can significantly increase your potential gains without increasing your personal risk exposure.

Pros of Funded Trading

• Limited personal financial risk
• Access to substantial trading capital
• Opportunity to gain experience and learn from professionals in the community

Cons of Funded Trading

• Upfront assessment fees
• Strict rules and restrictions on trading strategies
• Limited control over profits and payout schedule

What is Retail Trading?

Retail trading, on the other hand, is the more traditional method of trading. It involves opening an account with a forex broker, depositing your own money, and then using that capital to trade. The profits (or losses) are entirely yours.

Pros of Retail Trading

• Full control over your trading decisions
• Keep 100% of your profits
• No restrictions on trading strategies or risk management

Cons of Retail Trading

• Requires substantial initial capital to make life-changing gains
• Full exposure to financial risk
• Limited access to professional guidance and mentorship

Comparing Funded Trading and Retail Trading

While both funded and retail trading can lead to profitable outcomes, they cater to different types of traders. Funded trading is ideal for those with limited capital but the skills and knowledge to trade effectively. Retail trading, however, is more suitable for those who have the necessary funds and prefer complete control over their trades.

Funded Trading vs Retail Trading: Which Should You Choose?

Funded trading is an excellent option for novice traders who wish to gain experience without risking their own money. It’s also suitable for skilled traders who lack the capital to maximise their trading potential.

Retail trading is ideal for experienced traders who have sufficient capital and want full control over their trading decisions. It’s also a good fit for those who prefer not sharing their profits with a third party.

Risk and Rewards

Both funded trading and retail trading come with their own set of risks and rewards. With funded trading, you risk the evaluation fee, but stand a chance to make profits from a large capital pool. With retail trading, your financial risk is higher, but so is the potential reward, as you keep 100% of your profits.

Making an Informed Decision: Funded Trading or Retail Trading

Choosing between a funded trading account and retail trading depends largely on your financial situation, risk tolerance, and trading skills. If you have limited capital but strong trading skills, funded trading could be your ticket to financial success. However, if you have sufficient funds and prefer to have full control over your trades, regular trading may be the better option. As always, it is crucial to do your research and consider your options carefully before diving in.

Start Your Funded Trading Journey With FXIFY

At FXIFY, we go beyond being just a prop firm – we catalyze your trading success. With over a decade of industry experience and the backing of a reputable broker, we are one of the select few prop firms that can provide unmatched trading conditions to our funded traders. Seize this opportunity with our One Phase, Two Phase, or Three Phase evaluation – pass, and earn up to a 90% Performance Split* as you trade using our firm’s capital. Start with account sizes ranging from $15,000 – $400,000  and scale up to $4M in trading capital. Take the first step towards an extraordinary future – start your trading journey with FXIFY today!

*90% Performance Split/Profit Split offered as an add-on with an additional fee and available upon checkout