# FXIFY's Evaluation Process: A Rigorous Industry Analysis

> This article provides a detailed analysis of FXIFY's trading rules and evaluation process, situating them within the current landscape of proprietary trading firms.

**Source:** https://thepropstandard.com/article/fxify-evaluation-process-industry-analysis  
**Publisher:** The Prop Standard — independent analysis of the prop trading industry  
**Byline:** Editorial Team

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**Published:** 2026-07-12  
**Section:** News  
**Reading time:** 3 min
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## Executive Framing

In the evolving landscape of the proprietary trading industry, evaluation processes and trading rules are paramount in defining a firm's risk appetite and trader success. This document critically analyzes FXIFY, a firm established in April 2023, headquartered in London, which offers several unique evaluation programs. By comparing its current rules against industry norms, we can discern the firm's strategic positioning in a competitive marketplace.

## Detailed Breakdown of FXIFY's Evaluation Rules

| Challenge Name | Phase | Profit Target (%) | Daily Drawdown (%) | Max Drawdown (%) | Daily Drawdown Type | Max Drawdown Type |
| --- | --- | --- | --- | --- | --- | --- |
| 1 PHASE | PHASE 1 | 8 | 3 | 6 | Percentage, Static | Percentage, Trailing |
| 1 PHASE | FUNDED | — | 3 | 6 | Percentage, Static | Percentage, Trailing |
| 2 PHASE CLASSIC | Phase 1 | 5 | 4 | 10 | Percentage, Static | Percentage, Static |
| 2 PHASE STANDARD | Phase 1 | 10 | 4 | 10 | Percentage, Trailing | Percentage, Trailing |
| 3 PHASE | Phase 1 | 5 | 5 | 5 | Percentage, Static | Percentage, Static |
| 3 PHASE | Phase 2 | 5 | 5 | 5 | Percentage, Static | Percentage, Static |
| 3 PHASE | Phase 3 | 5 | 5 | 5 | Percentage, Static | Percentage, Static |
| 3 PHASE | FUNDED | — | 5 | 5 | Percentage, Static | Percentage, Static |
| STANDARD INSTANT FUNDING | FUNDED | — | 8 | 8 | Percentage, Trailing | Percentage, Trailing |
| LITE INSTANT FUNDING | FUNDED | — | 3 | 4 | Percentage, Trailing | Percentage, Trailing |

FXIFY employs a tiered approach to performance evaluation, using distinct profit and drawdown targets across different challenge modalities. The firm allocates profit targets for each challenge, specifically emphasizing the structured phases of its 2-phase and 3-phase systems. The 1-step challenge reflects a unique profitability focus with a 8% target in Phase 1.

### Drawdown Rules

The drawdown framework is crucial for maintaining risk control, which is illustrated in FXIFY's rules. Daily drawdown limits span from 3% to 8%, with overall maximum drawdown figures reaching up to 10%. The use of both static and trailing drawdown types further exemplifies FXIFY's nuanced approach to risk management.

### Consistency and Restrictions

FXIFY does not publicly enforce a minimum trading day requirement or a set consistency rule, indicating a flexible approach aimed at trader independence. However, it imposes several restrictions on trading strategies, primarily prohibiting size gambling-style news trading without risk management, and limiting each trader to a single account profile. Such measures serve to bolster ethical trading practices and ensure proper risk guidance.

## Rule-Change Analysis

Currently, there are no recent rule changes to review for FXIFY. The static nature of their existing framework suggests a commitment to consistency in trading evaluations; however, this may also reflect a cautious approach to modifying risk parameters in a nascent firm.

## Comparison to Industry Norms

When contextualized within the broader industry framework, FXIFY's profit targets tend to range between 5% to 10%, which aligns closely with average targets seen across many proprietary firms. However, the firm's 8% target for the first phase of its initial evaluations stands out as slightly more aggressive compared to common benchmarks that hover around the 5% to 7% range.

In regard to drawdown rules, industry standards often feature daily drawdowns of approximately 2% to 4%, while maximum drawdowns commonly range from 5% to 15%. FXIFY's drawdown limits of 3% and up to 10% align well with some of the stricter peers, particularly emphasizing tighter risk controls.

## Assessment of FXIFY’s Rule Set

In assessing whether FXIFY's trading rules are stricter or more lenient than industry averages, it is evident that the firm maintains a balance between rigorous performance expectations and flexible trading conditions. The firm's profit targets and drawdown metrics indicate a relatively stringent risk model aimed at encouraging disciplined trading behaviors among its participants. The clarity in strategy restrictions underscores a proactive risk management stance that signals confidence in their trading evaluations.

## Conclusion

FXIFY's current evaluation rules and trading strategies illustrate a robust framework for trader assessment within the proprietary trading arena. Solid profit targets, carefully structured drawdown rules, and specific strategy restrictions contribute to a comprehensive risk management strategy. While their policies are competitive within the market, their cautious approach to rule changes may signal a desire for stability as the firm continues to establish its reputation in a dynamic industry.
## Sources
Every figure above is taken from the pages below, which are the firms’ own published documentation unless stated otherwise.
- [FXIFY](https://fxify.com/)
## Tags
- [evaluation](https://thepropstandard.com/tag/evaluation) (2 articles)
- [trading rules](https://thepropstandard.com/tag/trading-rules) (3 articles)
- [proprietary trading](https://thepropstandard.com/tag/proprietary-trading) (5 articles)
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