In-Depth Review of FXify (2025)

An evidence-based, up-to-date review of FXify’s funding programs, rules, execution & reputation.

FXify — Quick Snapshot

⭐ 4.3 / 5 (Trustpilot & independent reviews)

FXify, a UK-based prop-trading firm (founded 2023 by Prop Trade Tech Limited), offers one-phase and two-phase challenges with up to 90% profit splits, supports MT4, MT5, and cTrader, and is backed by TMGM, though some traders note strict drawdown rules and newer operational history.

  • ✅ Flexible challenge models (one-phase and two-phase) with account sizes up to $400,000.
  • ✅ High profit splits (80% standard, up to 90% with scaling) and weekly/bi-weekly payouts.
  • ✅ Supports popular platforms (MT4, MT5, cTrader) with over 1,000 instruments.
  • ✅ Backed by TMGM, offering competitive spreads and reliable execution.
  • ❌ Relatively new (launched 2023), with limited long-term performance data.
  • ❌ Strict drawdown limits (5% daily, 10% max) may challenge aggressive traders.
  • ❌ Non-refunded challenge fees ($49–$1,999) can feel steep for larger accounts.
FXify platform screenshot
FXify — platform overview & instruments on MT5.

Introduction

What is FXify? FXify, launched in 2023 by Prop Trade Tech Limited in the UK, is a proprietary trading firm offering funded accounts up to $400,000 through one-phase and two-phase evaluation models. Partnered with regulated broker TMGM, FXify provides competitive spreads, multiple platforms, and flexible challenges for traders worldwide.

This review synthesizes FXify’s official documentation, independent reviews, and community feedback for a balanced, evidence-based perspective. See sources at the end.

Account Types & Challenge Models

FXify offers two main evaluation models for different trader profiles:

  • One-Phase Challenge — Single-phase evaluation with a 10% profit target, 5% daily drawdown, and 10% maximum drawdown, with a minimum of 5 trading days.
  • Two-Phase Challenge — Two phases with 10% (Phase 1) and 5% (Phase 2) profit targets, same drawdown limits, and a minimum of 5 trading days per phase.

Account sizes range from $5,000 to $400,000, with challenge fees from $49 to $1,999. Successful traders can scale accounts up to $2,000,000 through consistent performance. Fees are non-refunded, and discounts may be available via affiliate promotions.

Platforms, Assets & Execution

Platforms: FXify supports MT4, MT5, and cTrader, with a proprietary dashboard for account management and payouts.

Assets: Over 1,000 instruments, including forex, indices, commodities, stocks, and cryptocurrencies, with leverage up to 1:100 for forex and 1:5 for crypto.

Execution environment: Backed by TMGM, FXify offers reliable execution with low spreads. Some traders report slippage during volatile markets, so latency-sensitive strategies should be tested on smaller accounts first.

Profit Share, Fees & Payouts

Profit split: FXify offers an 80% profit split by default, scaling to 90% for traders meeting performance milestones.

Payout methods & timing: Payouts are processed weekly or bi-weekly via bank transfer or cryptocurrency (BTC, ETH, USDT). Processing typically takes 1–3 days, with gateway fees applicable.

Fees: Challenge fees range from $49 to $1,999, with a $4 commission per lot on forex trades. Withdrawal fees depend on the payout method.

Risk Rules & Common Trigger Events

FXify enforces strict risk rules to protect firm capital. Key rules include:

  • Daily loss limit: 5% from end-of-day equity.
  • Maximum drawdown: 10% from initial balance.
  • Minimum trading days: 5 days per challenge phase.
  • Profit targets: 10% (one-phase/Phase 1), 5% (Phase 2).
  • Restrictions: No high-frequency trading, arbitrage, or news trading within a 2-minute window. Expert Advisors are permitted.

Verify exact的身 in FXify’s Terms & Conditions, as they are authoritative and may change.

User Feedback & Reputation

Trustpilot & aggregated reviews

FXify scores ~4.3/5 on Trustpilot and aggregators like ForexPropReviews and PropFirmMatch, with praise for platform support, payout speed, and TMGM-backed execution.

Independent reviews

Sites like ForexBrokers.com and PropWinners commend FXify’s competitive spreads, platform variety, and clear rules, though its 2023 launch means fewer long-term reviews.

Complaints & community threads

Community feedback notes strict drawdown limits and occasional slippage in volatile markets. Traders recommend testing strategies and keeping detailed records for disputes.

Practical takeaway: FXify is well-regarded for platform options and payouts but requires disciplined trading due to strict rules. Test smaller accounts if new to the firm.

Legitimacy, Regulation & Risks

Legitimacy: FXify, operated by Prop Trade Tech Limited in the UK, is a registered entity launched in 2023. Its partnership with regulated broker TMGM enhances credibility, though its newer status limits historical data.

Regulatory nuance: As a prop firm, FXify is not a regulated retail broker, so protections differ from traditional brokerages. Execution occurs via TMGM, a regulated broker.

Risk summary: Risks include strict rule enforcement, non-refunded fees, and potential slippage. Maintain detailed records for disputes.

Pros & Cons (Summary)

Pros
  • Flexible one-phase and two-phase challenges.
  • High profit splits (80%–90%) and fast payouts.
  • Supports MT4, MT5, and cTrader with over 1,000 instruments.
  • TMGM-backed execution and spreads.
Cons
  • Limited track record (launched 2023).
  • Strict drawdown limits (5% daily, 10% max).
  • Non-refunded challenge fees ($49–$1,999).

Final Thoughts — Who Should Use FXify?

FXify is ideal for traders seeking flexible challenges, robust platforms, and high profit splits, especially those comfortable with MT4, MT5, or cTrader. Its newer status and strict rules require disciplined trading, so test strategies on smaller accounts. Maintain detailed records and verify rules before trading.

Recommended pre-deployment checklist:

  1. Confirm challenge rules (profit targets, drawdowns, trading days).
  2. Test platform compatibility (MT4, MT5, cTrader).
  3. Prepare KYC documents to avoid payout delays.
  4. Account for gateway fees when calculating net payouts.

References & Sources

  • FXify — Official website
  • Trustpilot — FXify reviews
  • ForexPropReviews — FXify review
  • PropWinners — FXify review
  • FXify — Terms & Conditions