FXIFY review
FXIFY is a prop trading firm co-founded by David Bhidey and Peter Brown, operating since May 2023 out of a UK-registered entity (company no. 14451720). It sells six evaluation formats — one-, two- and three-step Challenges, a fast Lightning assessment, Instant Funding, and a dedicated Crypto track — on simulated accounts from $5,000 to $400,000 that scale toward $4 million, with drawdown room from a tight 4% (Lightning) up to 10% (three-step) and profit splits advertised up to 90%. Trade execution runs through FXPIG and a separate Mauritius-registered entity, Prime Intermarket Group Eurasia Ltd, licensed there as an Investment Dealer — FXIFY itself, as the entity selling the challenges, is not a regulated broker. Despite a strong ~4.4/5 Trustpilot average, a recurring complaint theme involves payout denials citing unverified "latency arbitrage" and account-activation delays.
FXIFY key facts
- Website: fxify.com
- Category: Prop trading firm
- Founded: 2023
- Headquarters: London, UK
- Model: 1-, 2-, 3-step, Lightning, Instant Funding or Crypto
- Account sizes: $5K–$400K (scaling to $4M)
- Profit split: Up to 90%
- Platforms: MT4, MT5, DXtrade, TradingView
- Payouts: On-demand, ~24-hour processing
- CEO: David Bhidey
- FYI Score: 84.4/100 (ranked #98 of the prop trading firms we track)
Rules and risk
- Six tracks span a spectrum of risk: 4% max drawdown on the 7-day Lightning assessment up to 10% static drawdown on the two- and three-step Challenges, with daily loss limits of 3–5%.
- No time limit on the standard 1-, 2- and 3-step Challenges; Lightning is capped at a 3–7-day window with a 30% consistency rule.
- Standard leverage is 1:50 (1:30 on Lightning), and EAs, martingale and grid strategies are permitted on most tracks but restricted on Instant Funding and Lightning.
- Accounts are simulated; execution is routed through FXPIG and a separate Mauritius-registered entity (Prime Intermarket Group Eurasia Ltd, Investment Dealer licence GB24204066) rather than FXIFY itself being a regulated broker.
Payouts and scaling
- Profit split starts at 80% and reaches up to 90% (or 100% on the Crypto track) via a paid add-on rather than automatically.
- Payouts are on-demand with roughly 24-hour processing and a $50 minimum withdrawal; Instant Funding accounts carry a 14-day minimum holding period before the first withdrawal.
- Funded balances can scale up to $4 million in simulated capital through FXIFY's scaling plan.
- The firm reports $40M+ paid out and 250,000+ payouts processed to date — company-reported, not independently audited.
FXIFY evaluation challenges
| Challenge | Steps | Profit target | Max drawdown | Profit split | Price |
|---|
| 1-Step Challenge | 1-step | 10% | 6% | 90% | from $59 · $5K–$400K |
| 2-Step Challenge | 2-step | 10% | 10% | 90% | from $59 · $5K–$400K |
| 3-Step Challenge | 3-step | 10% | 10% | 90% | from $39 · $5K–$400K |
| Lightning Challenge | 1-step | 5% | 4% | 90% | from $59 · $10K–$100K |
| Instant Funding | — | — | 8% | 90% | from $69 · $1K–$100K |
| Crypto Challenge | 1-step | 9% | 6% | 100% | from $59 · $5K–$100K |
Markets
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Platforms
MetaTrader 5, MetaTrader 4, DXtrade, TradingView
Who FXIFY is for
A reasonable fit for a trader who wants a choice of evaluation speed (fast Lightning vs. patient multi-step) and values a large, active support community, provided they're comfortable with a simulated account, an unregulated selling entity, and a split structure where the top 90% rate costs extra.
Pros
- Widest evaluation menu in the category — 1-, 2- and 3-step, Lightning, Instant Funding and a dedicated Crypto track — covering both patient and fast-pass trading styles.
- Relatively generous drawdown room on the standard Challenges (up to 10% static) with no time pressure to pass.
- Fast, on-demand payout cycle (~24 hours) and a large, mostly positive review base (~4.4/5 on Trustpilot from thousands of reviews).
- Broad market access (forex, indices, commodities, stocks and 80+ cryptocurrencies) across MT4, MT5, DXtrade and TradingView.
Cons
- FXIFY is not itself a regulated broker; trade execution sits with a separate, less-scrutinized Mauritius entity, and accounts are simulated rather than live.
- The headline 90% split is not the default — it requires a paid add-on (~20% of the evaluation fee) on top of the challenge cost.
- A recurring complaint pattern involves payout denials citing "latency arbitrage" without specific trade evidence, plus account-activation delays — a compliance-opacity risk worth flagging alongside the strong average rating.
- Operating history is short (since May 2023), so there is limited long-run evidence of how the firm behaves at scale or under stressed markets.
FXIFY FAQ
Is FXIFY legit?
FXIFY is a real, operating prop firm co-founded by David Bhidey and Peter Brown, active since May 2023, with a UK company registration and a large Trustpilot review base (~4.4/5). It is not itself a regulated broker — trade execution runs through FXPIG and a Mauritius-licensed entity — and its accounts are simulated. A minority of reviews describe payout denials citing unverified rule breaches.
What evaluation options does FXIFY offer?
Six tracks: a 1-step Challenge (10% target), a 2-step (10% then 5%), a 3-step (10%, 5%, 5%), a fast Lightning assessment (5% target, 3–7-day window), Instant Funding (no evaluation), and a dedicated Crypto Challenge (9% target). Account sizes run $5,000–$400,000 and scale toward $4 million.
What is FXIFY's profit split?
The standard split is 80%, rising to 90% via a paid add-on (about 20% of the evaluation fee) — or up to 100% on the Crypto track. It is not a flat 90% by default.
What are FXIFY's drawdown rules?
They vary by track: the tightest is Lightning at 3% daily / 4% max trailing drawdown; the loosest are the 2- and 3-step Challenges at 5% daily / 10% max static drawdown. Instant Funding runs 4% daily / 8% max trailing.
Compare FXIFY with other prop trading firms
See all prop trading firms ranked by FYI →
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