How old do you have to be to day trade?
How old do you have to be to day trade? With FXIFY, you must be at least 18 years old. This rule applies when you…
How old do you have to be to day trade? With FXIFY, you must be at least 18 years old. This rule applies when you register, before you buy any program.
This guide explains why the age rule exists and how FXIFY checks it. It also covers what happens when the rules are broken.
Key Terms
| Term | Meaning |
|---|---|
| Age of majority | The age when the law treats you as an adult. You can then sign contracts. |
| KYC | Know Your Customer. A check that confirms who you are. |
| Proof of identity | A valid ID document, such as a passport or national ID card. |
| Proof of address | A recent document that shows your name and home address. |
| Funded account | The account you trade after you pass an evaluation, or from day one on Instant Funding. |
Why There Is an Age Limit
Buying an FXIFY program creates a contract. The contract is between you and FXIFY. To accept it, you must be an adult under the law.
The FXIFY General Terms and Conditions say the services are for people over 18. When you register, you confirm your age. If you are under 18, you may not use the services.
Each country sets its own age of majority. In some countries, it is above 18. You must also follow the law where you live.
How Old Do You Have to Be to Day Trade With FXIFY?
The age rule is the same on every FXIFY program. It covers One Phase, Two Phase, Three Phase, Instant Funding and Lightning. It applies from the day you register.
Can a parent open an account for me?
No. FXIFY accounts are for personal use only. Only the account holder can trade the account.
A parent cannot buy an account in their name and let a child trade it. Another person trading your account breaks the terms. Each person may also register only one profile.
Where FXIFY does not open accounts
Age is not the only rule. FXIFY does not open accounts for residents of some countries. Check the restricted list in the terms before you sign up.
How KYC Verification Works at FXIFY
KYC is a check that confirms your identity. FXIFY follows Anti-Money Laundering (AML) laws and KYC procedures.
When it happens
You complete KYC when you reach the funded account. This applies to One Phase, Two Phase, Three Phase, Lightning and Instant Funding. You must finish it before you request a payout.
What you need
FXIFY runs its KYC check through a system called SumSub. You will need three things:
- Proof of identity. A national ID card or driver’s licence, front and back. Or a passport, with both pages clear. The document must be valid and not expired.
- Proof of address. A utility bill, a bank or credit card statement, or a tax or government document. It must show your name and the address on your FXIFY account. It must be issued within the last 3 months.
- A selfie. A photo of you holding the same ID document close to your face.
Images must be clear, in colour, with all four corners visible. FXIFY does not accept screenshots, scanned documents or mobile phone bills.
You can read the full list in the How to verify my account FAQ.
A second check for payouts
FXIFY sends payouts through a payment provider called Rise. Rise runs its own KYC check. To receive payouts, you must pass both checks. You need one with FXIFY and one with Rise.
What Happens If Age or ID Rules Are Broken
Some people try to start early. They may enter a false date of birth or use a relative’s details. This breaks the terms.
Here is what the FXIFY rules say:
- Fake documents. Uploading fake documents puts all your FXIFY accounts at risk. FXIFY may also refuse to issue new accounts.
- Failed KYC. If you cannot pass the FXIFY check or the Rise check, FXIFY cannot onboard you as a funded trader. It cannot issue any payouts.
- False details. All details you give FXIFY must be true and up to date. If you break the terms, FXIFY can restrict or end your access. The program fee is not refunded.
- Someone else trading. Letting another person trade your account is a forbidden practice. FXIFY can cancel the account and end the contract.
The program fee, the account and any payout can all be lost. Waiting until you turn 18 is the only safe path.
How to Prepare Before You Turn 18
You cannot open an FXIFY account before 18. You can still learn about trading in that time.
- Learn how markets move. Study price action, chart patterns and economic releases.
- Learn position sizing. Practise how to size a trade from a fixed percentage of risk.
- Learn how evaluation rules work. Study drawdown, daily loss limits and profit targets.
- Get your documents ready. Make sure you will have a valid photo ID. You will also need proof of address in your own name.
Frequently Asked Questions
What is the minimum age to trade with FXIFY?
You must be at least 18. The rule applies when you register and on every program.
Can I use my parent’s ID to open an account?
No. Your details and documents must belong to you. Using another person’s ID breaks the terms. It can also cost you your accounts.
When does FXIFY check my identity?
You complete KYC when you reach the funded account. You must finish it before you request a payout. Rise, the payment provider, runs a second check.
What if I bought a program before turning 18?
Anyone under 18 may not use FXIFY services. You would also fail the KYC check. Without KYC, FXIFY cannot issue payouts.
What documents do I need for KYC?
You need a valid photo ID, a proof of address from the last 3 months and a selfie holding your ID.
When you turn 18 and meet the rules where you live, you can compare the FXIFY programs.