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FXIFY is a company that recognizes talented traders by evaluating their discipline, concentration, and steady risk management in the financial markets. Traders are assessed through one of three funding models: a two-phase, one-phase, or three-phase process. Upon successful completion, traders are eligible to receive profit sharing.
David Bhidey and Peter Brown are the co-founders of FXIFY.
David Bhidey, one of the co-founders, has built a career spanning over ten years in technology and e-commerce, beginning with the launch of an online property platform. His enthusiasm for technology and finance led him to shift into trading five years ago, where he partnered with Peter Brown as an Introducing Broker for FXPIG. Together, they successfully navigated the financial markets.
Over the past four years, David has refined his proprietary trading expertise, and with Peter, they founded FXIFY to address a gap in the market. Leveraging his experience, David’s mission is to shape FXIFY into a trader-focused success story, emphasizing both profitability and integrity. His strategic direction ensures the firm remains at the forefront of innovation and excellence in the financial markets.
Peter Brown, the other co-founder, brings over a decade of experience in e-commerce and digital marketing. His career spans across digital agencies, entrepreneurship, and leadership roles in performance marketing and web development. Five years ago, Peter made the transition to personal trading and teamed up with David Bhidey as an Introducing Broker at FXPIG.
Their combined expertise led to the establishment of FXIFY, catering to an unmet market demand. Under Peter’s leadership in development and marketing, FXIFY quickly became a leading proprietary trading firm. Drawing on his background in e-commerce and finance, Peter continues to drive the company’s growth and success.
FXIFY’s One-phase Evaluation offers traders the chance to manage accounts ranging from $10,000 to $400,000. The goal is to identify skilled traders who can consistently generate profits while managing risk effectively throughout the one-step evaluation period. The One-phase Evaluation provides up to 1:30 leverage (or 1:50 with an add-on).
Traders must achieve a 10% profit target without exceeding the 5% maximum daily loss or the 6% maximum trailing loss limits. There are no restrictions on the number of trading days during the evaluation period. However, traders must complete at least five trading days to qualify for a funded account.
Upon successfully passing the evaluation, traders receive a funded account with no minimum withdrawal limits. The only requirement is adherence to the 5% maximum daily loss and 6% maximum trailing loss rules. The first payout can be requested on demand, with no minimum amount or trading day requirement. All subsequent withdrawals can be made monthly, or bi-weekly if the add-on is applied. The profit split on a funded account ranges from 75% to 90%, depending on the trader’s profitability.
Add-ons for FXIFY’s One-phase Evaluation
– Increased leverage of 1:50
– 90% profit split
– Bi-weekly payouts
– Performance protection (Allows a payout if profitable, even after breaching the daily drawdown limit)
One-phase Evaluation Scaling Plan
FXIFY also offers a scaling plan for the One-phase Evaluation. If a trader is profitable for at least two out of the last three months, with an average return of 10% over the period, they qualify for a 25% increase in account size.
Example:
– After 3 months: A $100,000 account grows to $125,000.
– After the next 3 months: The $125,000 account increases to $150,000.
– After another 3 months: The $150,000 account rises to $175,000.
And so on.
One-phase Evaluation Trading Rules & Objectives
– Profit Target – Traders must reach a profit of 10% to complete the evaluation, withdraw earnings, or scale their account. Funded accounts have no specified profit targets.
– Maximum Daily Loss – Traders cannot exceed a 5% loss in a single day. All accounts must adhere to this limit.
– Maximum Trailing Loss – The trailing loss is calculated as the difference between the highest achieved balance and the lowest point during a drawdown. The maximum trailing loss limit is 6% for all accounts.
– Minimum Trading Days – Traders must trade for at least 5 days before completing the evaluation phase.
FXIFY’s Two-phase Evaluation allows traders to manage accounts ranging from $10,000 to $400,000. The objective is to identify skilled traders who can consistently generate profits and manage risk effectively during the two-step evaluation process. The Two-phase Evaluation provides leverage of up to 1:30 (or 1:50 with an add-on).
In Phase 1, traders must achieve a profit target of 10%, while adhering to the 5% maximum daily loss and 10% maximum overall loss rules. There are no limits on the maximum number of trading days in this phase. However, traders must complete at least five trading days to proceed to Phase 2.
In Phase 2, the profit target is set at 5%, with the same risk management rules: a 5% maximum daily loss and a 10% maximum overall loss. Similar to Phase 1, there is no cap on the number of trading days, but traders must complete a minimum of five trading days before qualifying for a funded account.
Once both phases are successfully completed, traders are awarded a funded account without any minimum withdrawal limits. They only need to respect the 5% maximum daily loss and 10% maximum loss rules. The first payout can be requested on demand, without any minimum amount or trading day requirements. Subsequent withdrawals can be made monthly, or bi-weekly if the add-on is applied. Profit splits range from 75% to 90%, depending on the trader’s performance.
Add-ons for FXIFY’s Two-phase Evaluation
– Increased leverage of 1:50
– 90% profit split
– Bi-weekly payouts
– Performance protection (Allows a payout if profitable, even after breaching the daily drawdown limit)
Two-phase Evaluation Scaling Plan
FXIFY’s Two-phase Evaluation also includes a scaling plan. If a trader is profitable for two out of the last three months, with an average return of 10% over that period, they qualify for a 25% increase in account size.
Example:
– After 3 months: A $100,000 account grows to $125,000.
– After the next 3 months: The $125,000 account increases to $150,000.
– After another 3 months: The $150,000 account rises to $175,000.
And so forth.
Two-phase Evaluation Trading Rules & Objectives
– Profit Target – Traders must meet specific profit targets to complete an evaluation phase, withdraw earnings, or scale their account. The profit target for Phase 1 is 10%, while Phase 2 requires a 5% profit. Funded accounts do not have any profit targets.
– Maximum Daily Loss – Traders must not exceed a 5% loss within a single trading day. This limit applies to all account sizes.
– Maximum Overall Loss – Traders are required to stay within a 10% overall loss limit across all account sizes.
– Minimum Trading Days – Traders must complete at least 5 trading days in both evaluation phases to qualify for a funded account.
FXIFY’s Three-phase Evaluation offers traders the opportunity to manage accounts ranging from $10,000 to $400,000. The goal is to identify traders who are both profitable and capable of managing risk efficiently throughout the three-step evaluation process. The Three-phase Evaluation provides up to 1:30 leverage (or 1:50 with an add-on).
In Phase 1, traders must achieve a profit target of 5%, while staying within a 5% maximum daily loss and a 5% overall maximum loss. There are no restrictions on the maximum number of trading days in this phase, but traders are required to trade for a minimum of five days to move to Phase 2.
In Phase 2, the trader again needs to hit a 5% profit target while adhering to the same 5% maximum daily loss and 5% overall maximum loss. Like Phase 1, there is no maximum trading day limit, but traders must complete a minimum of five trading days to advance to Phase 3.
In Phase 3, the requirements are similar: traders must meet a 5% profit target while respecting the 5% maximum daily and overall loss limits. No maximum trading day limit applies, but traders must trade for at least five days to qualify for a funded account.
Upon successfully completing all three phases, traders receive a funded account with no minimum withdrawal requirements. The only rule is to maintain the 5% maximum daily and 5% overall loss limits. The first payout can be requested on demand, with no minimum amount or trading day requirements. Future withdrawals can be submitted monthly or bi-weekly with the appropriate add-on. Profit splits range from 75% to 90%, depending on the trader’s profitability.
Add-ons for FXIFY’s Three-phase Evaluation
– Increased leverage of 1:50
– 90% profit split
– Bi-weekly payouts
– Performance protection (allows for a payout if in profit, even after breaching the daily drawdown limit)
Three-phase Evaluation Scaling Plan
FXIFY’s Three-phase Evaluation includes a scaling plan. If a trader is profitable for two out of the last three months, with an average return of 10% over the period, they qualify for a 25% account size increase.
Example:
– After 3 months: A $100,000 account grows to $125,000.
– After the next 3 months: The $125,000 account increases to $150,000.
– After another 3 months: The $150,000 account rises to $175,000.
And so forth.
Three-phase Evaluation Trading Rules & Objectives
– Profit Target – Traders must meet a 5% profit target in all three phases to complete the evaluation, withdraw earnings, or scale their account. Funded accounts have no set profit targets.
– Maximum Daily Loss – Traders must not lose more than 5% in a single trading day. This limit applies to all account sizes.
– Maximum Overall Loss – Traders must not exceed a 5% overall loss across all account sizes.
– Minimum Trading Days – Traders must trade for a minimum of 5 days in each of the three phases to qualify for a funded account.
The5ers, a proprietary trading firm established on April 9, 2020, is known for its dynamic community of traders who have attained funded status and qualify for profit splits. When participating in The5ers’ Bootcamp or High Stakes programs, traders become eligible for their first payout after 14 calendar days. Following the initial payout, additional payouts can be received every 14 calendar days provided that the account balance exceeds the initial size. For the Bootcamp program, the profit split is quite generous, ranging from 50% to 100%, based on the profit earned on the funded account. The High Stakes program offers an even more favorable profit split, ranging from 80% to 100%.
For those involved in The5ers’ Hyper Growth program, the first payout becomes available once a 10% profit target is met. Subsequent payouts can be accessed every 14 calendar days if the account balance surpasses the initial size. The profit split for the Hyper Growth account also ranges from 50% to 100%, depending on the profit generated.
To verify The5ers’ payment authenticity, various platforms can be consulted. Trustpilot provides insights from traders who share their experiences and payout successes. Additionally, The5ers’ YouTube channel features interviews with some of their most successful traders.
In conclusion, FXIFY is a well-regarded and reliable proprietary trading firm, offering traders the flexibility to choose from three distinct funding programs: the Two-phase Evaluation, which consists of two steps, the One-phase Evaluation, a one-step process, and the Three-phase Evaluation, a three-step journey.
FXIFY’s Two-phase Evaluation follows an industry-standard two-step process where traders must complete both phases to qualify for a funded account and earn profit splits ranging from 75% to 90%. Traders are required to meet a 10% profit target in phase one and 5% in phase two to be eligible for funding. These targets are attainable, given the 5% maximum daily loss and 10% overall maximum loss rules in place. While there are no restrictions on the number of trading days, traders must trade a minimum of five days during each phase. Additionally, the Two-phase Evaluation offers a scaling plan, allowing traders the potential to increase their account balance over time.
FXIFY’s One-phase Evaluation is a single-step evaluation that requires traders to achieve a 10% profit target before becoming eligible for a funded account, with profit splits ranging from 75% to 90%. The trading objectives are realistic, as traders must adhere to the 5% maximum daily loss and 6% maximum trailing loss limits. There are no limitations on the maximum trading days, but a minimum of five trading days is required to complete the evaluation. Like the Two-phase Evaluation, the One-phase Evaluation also includes a scaling plan, providing traders with the opportunity to grow their account size.
FXIFY’s Three-phase Evaluation involves three steps, where traders must hit a 5% profit target in each phase to qualify for a funded account and earn profit splits from 75% to 90%. With a 5% maximum daily loss and 5% overall maximum loss, these objectives are reasonable. Similar to the other evaluations, there are no caps on the number of trading days, but traders must complete at least five days in each phase. The Three-phase Evaluation also includes a scaling plan that offers traders the opportunity to expand their initial account balance over time.
I highly recommend FXIFY for individuals seeking a reputable proprietary trading firm that offers outstanding trading conditions tailored to a wide variety of traders with diverse styles. FXIFY provides unique advantages such as unlimited trading periods, on-demand first withdrawals, numerous add-on features, and raw spread accounts. With all these features in mind, FXIFY is undoubtedly positioned as one of the top prop firms in the industry, serving traders globally.
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