Overview
FXIFY is one of the larger forex prop firms, running five separate programs from $5,000 to $400,000 on MT5, DXTrade and TradingView, and it is unusually well documented for the sector: the operating company, Prime Intermarket Group Eurasia Ltd, holds a Mauritius investment dealer licence (GB24204066), the firm runs its own broker in FXIFY Markets rather than renting one, and its Trustpilot profile carries 4.3 from 6,205 reviews - the largest review base of any firm we have added this year. The commercial hook is the first payout: close one trade on a funded account and you can request a withdrawal on demand, and that first withdrawal also refunds 100% of what you paid, add-ons included. Rules are permissive by design - EAs, martingale, grid, weekend holding and news trading are all allowed, no stop loss is required, and there is no consistency rule on the main programs. Two things temper it. The advertised splits are ceilings rather than the rate you get: the base is 75% and the extra 15% that takes you to 90% is a paid checkout add-on, as are bi-weekly payouts. And on the trailing-drawdown programs, processing a payout permanently locks your maximum drawdown back at your starting balance, which wipes out the buffer your profits had built. The Lightning and Instant Funding programs are also far stricter than the headline rules suggest.
Key Features
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FXIFY Rules
Pricing Options
| Account Size | Price | Discount |
|---|---|---|
| $5,000 | $47.20$59 | - |
| $10,000 | $71.20$89 | - |
| $15,000 | $95.20$119 | - |
| $25,000 | $159.20$199 | - |
| $50,000 | $303.20$379 | - |
| $100,000 | $439.20$549 | - |
| $200,000 | $839.20$1,049 | - |
| $400,000 | $2,360$2,950 | - |
Prices verified 6 September 2026 for the One Phase program with CHART20 applied, list price alongside. The other programs price separately at $100,000: Three Phase is the cheapest at $319.20, Lightning also $319.20, Two Phase $439.20, and Instant Funding by far the most expensive at $3,399.20 - since you skip the evaluation entirely, that gap is the point. Instant Funding starts much smaller too, from $55.20 for a $1,000 account. Every fee is one-time with no activation charge, and the whole amount comes back on your first withdrawal, which makes a successful challenge effectively free. Three things cost extra at checkout rather than being included: the extra 15% performance split that takes you from 75% to 90%, bi-weekly payouts instead of the default monthly cycle, and increased leverage. Note that CHART20 expires on 1 October 2026 and does not apply to Instant Lite; a separate ONESTEP30 code takes 30% off the One Phase program for new traders and runs to 31 December 2026.
FXIFY Discount Code: What Is Actually Available
CHART20 takes 20% off and FXIFY displays it in the banner at the top of every page - "This month's offer: 20% off all programs" - so there is no hidden code to find. Two limits matter. It excludes Instant Lite, which is the one product the discount does not touch. And it is dated: the firm's own announcements page lists it as expiring on 1 October 2026, so it is a monthly promotion rather than a standing code and will be replaced. A second code runs alongside it: ONESTEP30 gives new traders 30% off the One Phase program specifically and is listed as expiring 31 December 2026, so if One Phase is what you want, that is the deeper discount. At $100,000 CHART20 brings One Phase and Two Phase from $549 to $439.20, Three Phase and Lightning from $399 to $319.20, and Instant Funding from $4,249 to $3,399.20. Remember the fee comes back in full on your first withdrawal, so the discount only ever matters on a challenge you fail.
Pros & Cons
Pros
- First payout on demand - close one trade on the funded account and you can request it
- That first withdrawal also refunds 100% of your fee, add-ons included, so passing costs nothing net
- The operating company holds a Mauritius investment dealer licence, GB24204066, which is checkable
- Runs its own broker, FXIFY Markets, rather than renting conditions from a third party
- 4.3 on Trustpilot from 6,205 reviews, with 97% of negative reviews answered
- Two Phase offers a genuinely static 10% maximum drawdown with a 4% daily limit
- EAs, martingale and grid strategies are all explicitly allowed
- No stop loss required, weekend holding allowed, news trading allowed
- No consistency rule on the One, Two and Three Phase programs
- Copy trading permitted between your own FXIFY accounts and out to your other accounts
- US traders accepted, with bank wire offered where Rise does not serve the state
- Five programs plus a crypto line and a separate futures arm, from $1,000 to $400,000
Cons
- The base performance split is 75% - the 90% headline is a paid checkout add-on
- Bi-weekly payouts are also a paid add-on; the default cycle after the first payout is monthly
- On trailing programs, taking a payout permanently locks the drawdown back at your starting balance
- Lightning caps you at a maximum of 5 trading days and adds a 30% consistency rule
- Lightning also makes a stop loss mandatory on every trade, unlike every other program
- Instant Funding bans EAs, weekend holding, news trading and copy trading, and carries no refund
- Instant Funding is expensive - $3,399.20 for a $100,000 account against $439.20 for One Phase
- Instant Lite is excluded from the CHART20 discount entirely
- No refund of any kind once you have placed your first trade
- The firm's own pages disagree on total payouts - $40M+ on the homepage, $30M+ on the payouts page
- The One Phase page requires 5 minimum trading days while the payouts page says none are required
- One profile per person, enforced across email addresses and KYC
Evaluation Process
FXIFY has a clear, multi-phase evaluation process. Here's what to expect:
One Phase - the fast route
A single 10% target on account sizes from $5,000 to $400,000, against a 6% trailing drawdown and a 3% daily loss limit. The trailing floor follows your closed balance until you are 6% up, then locks at your starting balance - and locks early if you process a payout. Five minimum trading days, no maximum, up to 90% performance split, leverage to 50:1, EAs allowed, weekend holding and news trading allowed, fee refunded in full on your first withdrawal.
Two Phase - the static option
The program to buy if you want a floor that does not move: a 10% static maximum drawdown fixed against your initial balance with a 4% daily limit, across two phases with targets of 5% and 10%. Four minimum trading days, no maximum, no consistency rule, up to a 100% performance split and leverage to 30:1. Three variants are offered at checkout - Classic and Pro both on static drawdown, Standard on trailing - and payouts run on a 14 or 30 day cycle depending on the add-on purchased.
Three Phase - the cheapest evaluation
The lowest-priced route to funding at $319.20 for a $100,000 account, spreading the work across three phases that each ask for 5%. The maximum drawdown is a 5% static floor and the daily limit is 5%, with five minimum trading days, no maximum, up to a 90% split, leverage to 50:1 and a 100% refund. The trade-off is patience rather than risk: three phases at 5% is a longer road than one at 10%, but the drawdown never trails.
Instant Funding & Lightning - the specialist routes
Instant Funding skips the evaluation from $1,000 to $100,000 on an 8% trailing drawdown and 8% daily limit, with no minimum or maximum trading days - but no EAs, no weekend holding, no news trading, no copy trading and no refund, at $3,399.20 for a $100,000 account. Lightning is the opposite kind of specialist: a 5% target and 4% trailing drawdown with a 3% daily limit, but a hard maximum of five trading days, a 30% consistency rule and a mandatory stop loss on every trade. Both cap the split at 90%.
Funded Stage & Payouts
The first payout is requestable on demand once you have closed a single trade, with a $50 minimum, and it carries a 100% refund of your original order value including add-ons. After that the cycle is monthly by default or every 14 days if you bought the bi-weekly add-on. The base performance split is 75%, rising to 90% or 100% with the paid upgrade. Payments go through Rise, or bank wire where Rise is unavailable. On the trailing-drawdown programs, processing a payout permanently locks the maximum drawdown back at your starting balance regardless of profits made.
Company Background
FXIFY is operated by Prime Intermarket Group Eurasia Ltd, registered at 6 St Denis Street, 1/F River Court, Port Louis, Mauritius, and licensed in Mauritius as an Investment Dealer under licence number GB24204066. That is more than most of the sector discloses, and it is checkable. The firm describes itself as part of a group spanning FX, fintech and payments, and it operates its own broker - FXIFY Markets - rather than sourcing execution and pricing from a third-party partner, which it positions as the reason it can control spreads, the price feed and payout policy directly. It launched in 2023 and its Trustpilot profile has been claimed since April 2023. Its published figures are large: 250,000+ traders, 160+ countries, 12,500+ payouts, 6,000+ traders paid and a single largest payout of $117,000. The total paid figure is inconsistent between pages - $40M+ on the homepage against $30M+ on the dedicated payouts page - which is worth noting since none of it is independently audited. Beyond the forex business there is a separate FXIFY Futures arm and a newly launched crypto line, and the firm runs weekly market sessions with Jeremy Wagner, a former DailyFX head of technical analysis.
Is FXIFY Legit?
FXIFY is one of the better-evidenced firms on this site. It names a licensed operating entity - Prime Intermarket Group Eurasia Ltd, Mauritius Investment Dealer licence GB24204066 - runs its own broker rather than renting one, and carries a Trustpilot rating of 4.3 across 6,205 reviews with 97% of negative reviews answered, typically within 24 hours. That review base is roughly five times the size of the profiles at the other firms we added this month, and unlike three of them it has not been suspended. The refund mechanism is also a genuine alignment of interest: you get 100% of your fee back on your first withdrawal, which the firm can only pay if you actually reach a funded account and take money out. The reservations are ordinary rather than alarming. The published payout totals contradict each other between two of the firm's own pages, and none of the figures are audited. The advertised profit splits are ceilings that require a paid add-on, which is standard in this bracket but not what the marketing implies. And the drawdown-locks-on-payout rule on the trailing programs is a real cost that is documented only in the FAQ, not on the pricing pages. Read the program you are buying rather than the homepage, and the firm's own numbers hold up.
FXIFY Payout Proof: How Traders Actually Get Paid
FXIFY publishes 12,500+ payouts, 6,000+ traders paid, a single largest payout of $117,000 and total payouts of $30M+ on its payouts page - though the homepage says $40M+, a discrepancy the firm does not explain and which no auditor has checked. What is more useful than the totals is the mechanism, because it is unusually favourable at the front end: your first payout can be requested on demand as soon as one trade is closed on the funded account, the minimum is $50, and that same first withdrawal returns 100% of what you paid for the challenge including add-ons. After that the cycle reverts to monthly unless you bought the bi-weekly add-on. Payments run through Rise, with bank wire arranged where Rise does not operate - the FAQ names Ukraine and certain US states specifically. KYC and AML checks must clear before any payout. The catch documented in the rules rather than the marketing: on One Phase, Instant Funding and Lightning accounts, processing a payout locks your maximum drawdown at your starting balance regardless of the profit you had banked.
How to Pass FXIFY's Challenge
Pick the program on the drawdown mechanic and on how often you intend to withdraw, because those two interact here in a way they do not at most firms. If you plan to take money out regularly, buy Two Phase: its 10% maximum drawdown is static, so withdrawing does nothing to your floor. If you buy One Phase, Instant Funding or Lightning instead, understand that the first payout you process permanently locks the trailing floor at your starting balance - so the sensible pattern on those accounts is to build a real buffer before your first withdrawal rather than taking the on-demand payout the moment you can. Beyond that, the evaluations are among the more forgiving on this site and the mistakes are usually self-inflicted. The daily loss limit is calculated from your balance at 5PM EST the previous day and breached on equity, so an open floating loss can end the account before you close anything - model it that way. Minimum trading days are four or five depending on the program and there is no maximum, so there is no reason to force size. And decide about the add-ons at checkout rather than afterwards: the extra 15% split and bi-weekly payouts cannot be bought later, and on a $100,000 account that 15 points is the difference between $7,500 and $9,000 on a $10,000 payout.
Common Mistakes to Avoid
- ⚠Reading the 90% or 100% split as the standard rate. The base is 75% and the rest is a paid checkout add-on.
- ⚠Taking the on-demand first payout too early on a trailing account. Processing it locks your drawdown back at the starting balance and wipes the buffer.
- ⚠Buying Instant Funding for the convenience without reading what it bans - EAs, weekend holding, news trading, copy trading and the refund.
- ⚠Buying Lightning without registering the 5-day maximum. It is a hard ceiling, not a guideline.
- ⚠Forgetting Lightning's mandatory stop loss. Every other FXIFY program lets you trade without one.
- ⚠Expecting CHART20 to work on Instant Lite. That product is explicitly excluded.
- ⚠Missing ONESTEP30 when buying One Phase. It is 30% off against CHART20's 20%.
- ⚠Assuming the fee refund survives a failed challenge. It only arrives with your first withdrawal from a funded account.
- ⚠Expecting a change-of-mind refund. Once your first trade is placed, no refunds are offered at all.
- ⚠Modelling the daily limit on closed trades. It resets from your 5PM EST balance and is breached on equity.
- ⚠Opening a second profile to run more accounts. One profile per person is enforced across emails and KYC.
How FXIFY Compares
FXIFY vs FTMO: both refund the fee to a successful trader, but FXIFY returns it on your first withdrawal - available after a single closed trade - while FTMO pays it once you pass and take a payout on the 2-Step only. FTMO has the longer record and an NFA-regulated US route; FXIFY has looser rules, allows martingale and grid, and costs less. FXIFY vs Hola Prime: both hold Mauritius investment dealer licences and both accept US traders. Hola Prime pays inside an hour on a Deloitte-audited record and refunds across four payouts; FXIFY refunds in one on your first withdrawal and imposes no mandatory stop loss or 2% risk rule. Hola Prime is the better payout story, FXIFY the freer rulebook. FXIFY vs Fintokei: Fintokei approves payouts in seconds and pays wallets in seconds, but excludes US traders and bans third-party EAs; FXIFY accepts US clients and allows bought EAs, at the cost of a slower cycle after the first payout. FXIFY vs BrightFunded, FunderPro or E8: all four sell the higher split as an add-on over a lower base, and FXIFY separates itself on the on-demand first payout, the full refund and the licence rather than on price. The summary: buy the Two Phase program for the static floor and the 100% ceiling, take the refund on your first withdrawal, and treat Instant Funding and Lightning as the specialist products they are.
Who Is FXIFY Perfect For?
Refund-Focused Traders
100% of your fee, add-ons included, comes back on your first withdrawal - available after a single closed trade on the funded account.
Static-Drawdown Traders
The Two Phase program fixes a 10% maximum loss against your initial balance, and withdrawing does not tighten it the way the trailing programs do.
Algo & Systematic Traders
EAs, martingale and grid strategies are all explicitly allowed, with no stop loss required and no consistency rule on the main programs.
US Traders
Accepted openly, with bank wire arranged where Rise does not service the state, under a named Mauritius investment dealer licence.
Swing & News Traders
Weekend holding and trading through news releases are permitted on all three evaluation programs, with no maximum trading days.
Is FXIFY Right for You?
✓ Best For
FXIFY suits traders who want their money out early and their fee back. Nothing else in this price bracket lets you close one trade on a funded account, request a payout on demand, and receive your entire challenge fee back with it - which means a successful trader pays nothing net. It suits traders who want a static drawdown, through the Two Phase program's 10% floor fixed against the initial balance. It suits automated and unconventional strategies, since EAs, martingale and grid are all explicitly allowed, no stop loss is required and there is no consistency rule on the main programs. It suits swing and news traders, who can hold through the weekend and through releases. It suits US traders, who are accepted with bank wire arranged where Rise does not reach. And it suits anyone who wants a licensed entity and a deep public review record before spending - FXIFY has both.
✗ Not Best For
Skip the Instant Funding program unless you have read what it removes: no EAs, no weekend holding, no news trading, no copy trading, no refund, an 8% trailing drawdown, and $3,399.20 for a $100,000 account against $439.20 for One Phase. Skip Lightning unless five trading days is genuinely enough for you, because that is a hard maximum, alongside a 30% consistency rule and a mandatory stop loss on every trade. Skip the trailing-drawdown programs if you plan to withdraw regularly, since each payout locks your maximum drawdown back at your starting balance and removes the buffer your profits built - the Two Phase static option avoids this. And do not buy on the 90% or 100% split without adding the cost of the upgrade, because the base rate is 75% and the rest is a checkout purchase, as are bi-weekly payouts.
Frequently Asked Questions
Is FXIFY legit?
FXIFY has more checkable substance behind it than most prop firms. The operating company is Prime Intermarket Group Eurasia Ltd, registered at 6 St Denis Street, Port Louis, Mauritius, and licensed there as an Investment Dealer under number GB24204066 - a real regulatory licence you can look up, and the same regime under which Hola Prime runs part of its business. Unusually for the sector, FXIFY also operates its own broker, FXIFY Markets, rather than renting execution from a partner, which is what the "backed by a broker" branding refers to. Its Trustpilot profile is intact and by far the largest of any firm we have reviewed this year: 4.3 from 6,205 reviews, claimed since April 2023, with the company replying to 97% of negative reviews, typically within 24 hours. That is an invited-review profile, which lifts any average, but it is readable and deep. Two smaller caveats worth noting: the firm's own pages disagree on how much it has paid out - the homepage says $40M+ while the dedicated payouts page says $30M+ - and the One Phase program page requires five minimum trading days for the first payout while the payouts page says no minimum trading days are required. Neither is disqualifying, but they are the kind of inconsistency to resolve with support before you buy.
What is the FXIFY profit split?
The base is 75%, and the advertised numbers are ceilings you pay for. FXIFY's checkout sells an "Extra 15% Performance Split" add-on, and the firm's own description of it is explicit: traders who choose it receive 90% of their trading gains on a funded account. So the 90% you see on the One Phase, Three Phase, Lightning and Instant Funding pages is 75% plus a purchase. The Two Phase program advertises up to 100%, reached the same way. This is the same structure BrightFunded, FunderPro, InstantFunding and E8 Markets use, so FXIFY is not an outlier - but budget for the add-on rather than assuming the headline, because a 15-point difference on a $10,000 payout is $1,500.
How fast does FXIFY pay?
The first payout is genuinely fast and it is the firm's strongest commercial feature: close a single trade on your funded account and you can request a withdrawal on demand, with a $50 minimum. That first withdrawal also carries your 100% fee refund, so a trader who passes and takes one payout has effectively paid nothing. After that the default cycle is monthly, unless you bought the bi-weekly payouts add-on at checkout, which halves the wait to 14 days. The Two Phase program's specification shows a 14 or 30 day frequency depending on which you purchased. Money moves through Rise, with bank wire offered where Rise does not serve your location - the FAQ names both Ukraine and certain US states as cases where an alternative is arranged. One inconsistency to check before you rely on it: the One Phase program page lists five minimum trading days before that first on-demand payout, while the dedicated payouts page says no minimum lots, targets or trading days are required.
What is FXIFY's drawdown, and what happens when I withdraw?
It depends on the program, and the second half of that question matters more than most traders realise. Two Phase Classic and Pro use a genuinely static maximum drawdown - 10% fixed against your initial balance with a 4% daily limit - so the floor never moves. Three Phase runs a 5% static maximum with a 5% daily limit. One Phase uses a 6% trailing drawdown that follows your closed balance until you are 6% up and then locks at your starting balance; Instant Funding runs the same mechanic at 8%; Lightning at 4%. The rule to understand is what a withdrawal does to those trailing accounts: FXIFY's own FAQ states that when a payout is processed, the maximum drawdown locks at your starting balance regardless of the profits you made, which means the buffer your profits had built is removed. Taking money out therefore tightens your account. In every program the daily loss limit is calculated from the balance recorded at 5PM EST the previous day, and it is breached on equity, so floating losses count.
Does FXIFY accept US traders?
Yes. FXIFY's own footer lists the USA alongside the UK, EU, Canada and Australia, and its payouts FAQ deals directly with the practicalities - there is a dedicated article covering what happens if you are in a US state that Rise does not currently service, in which case the payout is arranged by bank wire instead. The firm reports serving 160+ countries and 250,000+ traders. Note that FXIFY is a proprietary trading evaluation business rather than a US-regulated broker; its licence is a Mauritius investment dealer licence, so US access is a commercial arrangement rather than domestic regulation. All traders must complete KYC and AML checks before any payout is processed.
What is the difference between FXIFY's five programs?
One Phase is the fast route: a single 10% target against a 6% trailing drawdown and a 3% daily limit, five minimum trading days, no maximum, up to 90% split and 50:1 leverage. Two Phase is the one to buy if you want a fixed floor - a 10% static maximum drawdown with a 4% daily limit, four minimum trading days, up to 100% split, and three variants at checkout (Classic and Pro on static drawdown, Standard on trailing). Three Phase is the cheapest of the evaluations at $319.20 for $100,000, spreading a 5% target across three phases with a 5% static maximum and a 5% daily limit. Instant Funding skips the evaluation entirely at $1,000 to $100,000, but strips the freedoms out: an 8% trailing drawdown, no EAs, no weekend holding, no news trading, no copy trading and no refund. Lightning is the strictest and most specialised: a 5% target, 4% trailing drawdown, 3% daily limit, a maximum of five trading days, a 30% consistency rule and a mandatory stop loss on every trade.
Is the FXIFY fee refundable?
Yes, and the mechanism is better than most. FXIFY refunds 100% of your original order value - including any add-ons you bought - and processes it when you make your first withdrawal, which is available on demand once you have closed a single trade on the funded account. That is a materially faster refund than Hola Prime's four instalments or the schemes that only pay out on a fourth withdrawal. The limit is that it only applies if you get funded and take a payout: FXIFY's refund policy states plainly that no refunds are offered after the first trade is placed, so there is no change-of-mind window once you start the evaluation.
What does FXIFY allow that other firms do not?
Quite a lot, on the evaluation programs at least. EAs are allowed, and so are martingale and grid strategies, which many firms ban outright. No stop loss is required on any program except Lightning. Positions can be held over the weekend and through news events. There is no consistency rule on the One, Two or Three Phase programs. Copy trading is permitted between your own FXIFY accounts and outward from FXIFY to your other accounts, which is more generous than the personal-accounts-only rule at most competitors. What is restricted: only one profile per person, enforced across email addresses and KYC identity, and Instant Funding accounts lose almost all of the above - no EAs, no weekend holding, no news trading and no copy trading.
Which FXIFY program should I avoid?
Read Lightning and Instant Funding carefully before buying either, because both trade away the freedoms the brand advertises. Lightning gives you a maximum of five trading days to hit a 5% target, adds a 30% consistency rule, and makes a stop loss mandatory on every trade - three restrictions that appear nowhere else in the range. Instant Funding costs $3,399.20 for a $100,000 account against $439.20 for One Phase, and in exchange for skipping the evaluation you lose EAs, weekend holding, news trading, copy trading and the refund entirely, while running on an 8% trailing drawdown. The Instant Lite variant is also the one product excluded from the CHART20 discount. For most traders the Two Phase program, with its static 10% floor and up to 100% split, is the better buy.
How much does FXIFY cost after the discount?
At $100,000 the One Phase and Two Phase programs come to $439.20 with CHART20 against a $549 list, Three Phase and Lightning to $319.20 from $399, and Instant Funding to $3,399.20 from $4,249. The entry point is $47.20 for a $5,000 One Phase account. Because the fee is refunded in full on your first withdrawal, the real cost of a successful challenge is zero and the real cost of a failed one is the full fee - which is the opposite risk profile to firms that discount heavily but never refund. CHART20 runs to 1 October 2026 and excludes Instant Lite; new traders can instead use ONESTEP30 for 30% off the One Phase program until 31 December 2026.
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