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FAQs / All FAQs

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What are the rules for the Assessment account?

What are the rules for the Assessment account?

1 Phase Account:

Profit Target – Phase 1  –  10%

  • Daily drawdown – 3% (Based on previous day balance)
  • Max total Drawdown – 6% Trailing (Based on High water mark)

https://fxify.com/faqs/all-faqs/how-do-you-calculate-the-max-trailing-drawdown/

This link is important for one phase live funded withdrawals: https://fxify.com/faqs/all-faqs/how-do-withdrawals-affect-drawdown-on-1-and-2-phase-accounts/

  • Min Trading Days – 5 days (For all the accounts)
  • Max Trading Days – Phase 1 – Unlimited days
  • Leverage – Indices 10:1, Stocks 2:1, Crypto 2:1

                       *Forex 30:1 (50:1 with an addon)

  • Refundable fee – 100% of the amount you paid.
  • Performance protect – Performance protect helps you protect your profit when you breach you can still place a withdrawal

https://fxify.com/faqs/all-faqs/performance-protect/

 

————————————————————————————-

 

2 Phase Account:

  • Profit Target – Phase 1  –  10%

Phase 2  –  5%

  • Daily drawdown – 4% (Based on previous day balance)
  • Max total Drawdown – 10% Trailing  

This link is important for Two-Phase live funded withdrawals: https://fxify.com/faqs/all-faqs/how-do-withdrawals-affect-drawdown-on-1-and-2-phase-accounts/

  • Min Trading Days – 5 days (For each phase)
  • Max Trading Days – Phase 1 and 2 – Unlimited days
  • Leverage – Indices 10:1, Stocks 2:1, Crypto 2:1

                         *Forex/Gold 30:1 (50:1 with an addon)

  • Refundable fee – 100% of the amount you paid.
  • Performance protect – Performance protect helps you protect your profit when you breach you can still place a withdrawal

https://fxify.com/faqs/all-faqs/performance-protect/

 

————————————————————————————-

 

3 Phase Account:

  • Profit Target – Phase 1  –  5%

                              Phase 2 –  5%

                              Phase 3 –  5%

  • Daily drawdown – 5% (Based on previous day balance)
  • Max total Drawdown – 5% Static  (Based on initial balance)
  • Min Trading Days – 5 days (For each phase)
  • Max Trading Days – Phase 1 (Unlimited Days)

                                       Phase 2 (Unlimited Days)              

                                       Phase 3 (Unlimited Days)                              

  • Leverage – (Indices 10:1, Stocks 2:1, Crypto 2:1)

                         *Forex/Gold 30:1 (50:1 with an addon)

  • Refundable fee – 100% of the amount you paid.
  • Performance protect – Performance protect helps you protect your profit when you breach you can still place a withdrawal

https://fxify.com/faqs/all-faqs/performance-protect/

 

Other rules:

5 Minimum Trading days for each phase

Must place a trade once in 60 days to avoid inactivity. If not, this would be considered a hard breach. 

*Exception to below pairs that have a fixed leverage 1:6

EURMXN

EURTRY

USDCNH

USDCZK

USDDKK

USDHKD

USDHUF

USDILS

USDMXN

USDNOK

USDPLN

USDSEK

USDSGD

USDTRY

USDZAR

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