GENERAL INFORMATION
FXIFY Proprietary Trading Offers Two Account Types, One And Two Challenge Stages. The Difference Is That The Maximum Drawdown Limit For Accounts In One Stage Is 6%, While The Drawdown Limit For Accounts In Two Stages Cannot Exceed 10%. For Each Account Type, There Are Six Financing Options, Ranging From $15,000 To $400,000, With The Possibility To Expand To $4 Million. Initial Contributions Vary Depending On The Amount Of Funds Received, Ranging From $99 To $1,999. After Completing The Challenge, The Contribution Will Be Returned At 125% (meaning That The Trader Deposits An Additional 25% Of The Deposit Into Their Trading Account). Initially, The Client's Share Of Profits In The Proprietary Trading Company Is 75%, Which Can Be Increased To 90% During The Course Of Trading. Available Assets Include Currency Pairs, Stocks, Indices, Gold And Cryptocurrencies. Maximum Leverage Is 1:50 And Most Major Deposit And Withdrawal Methods Are Available. No Training Is Provided And A Standard Referral Program Is Provided.
Advantages Of Trading In FXIFY:
The Challenge Is Conducted In One Or Two Phases. Contributions Receive A 25% Bonus And 6 Funding Options.
Traders Can Trade With Up To $400,000 ($4 Million During Scaling), With Margins Ranging From 75% To 90%.
Deposit/withdrawal Methods Include Bank Transfers, Credit Cards, PayPal, And Cryptocurrency Wallets.
There Are No Trading Restrictions, Scalping, Hedging, And News Trading Are Allowed.
Daily Retracements Of Up To 5% Are Allowed; Overall, The Maximum Is 6% Or 10%.
This Proprietary Trading Company's Partner Program Allows Earning Up To 20% Of The Referred Person's Initial Contribution, Plus Other Bonuses.
Traders Use The Best-in-class MT4 And MT5 Trading Platforms With Personalized Customization.
Disadvantages Of FXIFY:
The First Profit Withdrawal Can Be Made At Any Time On Request, No More Than Once Every Two Weeks, But Prior Application Is Required.
5 Asset Types Are Introduced, But The Pool Of Financial Instruments Is Small Compared To Many Competitors.
Residents Of Ukraine, Syria, Iran, North Korea, And Other Countries On The OFAC (Office Of Foreign Assets Control) List Cannot Become Clients Of The Company.
FXIFY Commissions And Fees
Commission Policies For Proprietary Trading Firms Are Usually Formed In Two Ways. The First Option Involves An Initial Contribution, While The Second Involves A Monthly Subscription Fee. FXIFY Does Not Charge A Subscription Fee, And The Amount Of The Initial Contribution Depends On The Balance Required. The Higher The Balance, The Larger The Contribution. For Example, If A Trader Wants To Start At $50,000, They Need To Pay $325. If $200,000 Is Required, The Contribution Increases To $999. If The Client Successfully Completes The Challenge, The Contribution Is Refunded In Full And Receives A 25% Bonus Of The Amount. However, If The Challenge Is Unsuccessful, The Trader Needs To Contribute Again To Make A New Attempt. There Are No Additional Fees Or Commissions, Including Withdrawal Fees. Spreads And Broker Trading Commissions Can Be Determined Directly During The Course Of Trading.
Numbers For FXIFY:
Initial Balance Is Capped At 400000 USD (plus Scaling).
Minimum Deposit Is $99.
Original Spreads Start From 0 Pips.
There Are 5 Groups Of Financial Instruments.
Up To 90% Of Profits Still Go To The Trader.
Analytical Services For FXIFY:
Single Phase Or Two-phase. Traders Decide Which Type Of Challenge To Undertake. They Can Choose 1 Stage To Get Faster Funds And Be Prepared For More Challenging Conditions. The 2 Stage Option Takes More Time, But The Requirements Are Less Stringent.
Multiple Deposit/withdrawal Options. FXIFY Supports Bank Accounts And Cards, Electronic Transfer Systems Such As PayPal, And The Recently Added Cryptocurrency Wallet. Other Options Will Be Discussed Separately.
Select A Trading Platform. FXIFY Is Not Available With RTrader, CTrader, NinjaTrader, And Other Solutions. Traders Can Only Trade Through MT, But They Can Choose Between Versions 4 And 5. Both Are Powerful, Intuitive, And Highly Customizable.
Advantages:
1 The Company Is Officially Registered And Operates Transparently, With No Hidden Payments Or Fees.
2 Traders Work Under Flexible And Customizable Conditions, Limited Only By Daily And Overall Retracements.
3 Initial Deposit Is Low (compared To Competitors) And Refunded In A Bonus If The Challenge Is Successfully Completed.
4 Users Can Easily Access Accounts With Balances Up To $400,000. Extensions Can Be Up To $4 Million.
5 Customers' Share Of Profits With Proprietary Trading Companies Increases During Trading, Reaching 90%.
6FXIFY's Customer Support Operates 24 Hours A Day, 5 Days A Week On Weekdays, Through Various Communication Channels.
Withdrawal Options And Fees
After Completing The Challenge, The First Withdrawal Of Funds Can Be Initiated At Any Time. After That, Payments Are Processed Every 2 Weeks.
Traders Can Choose To Withdraw Profits To A Bank Account, Bank Card, E-wallet Or Cryptocurrency Wallet.
Proprietary Trading Companies Do Not Charge Withdrawal Fees, But Fees May Be Charged By The Other Party To The Transaction, Such As A Bank Or Online Transfer System (advance Confirmation Is Recommended).
