In an industry where the most popular challenge is the Two-step Challenge, and multiple prop firms offer it, it gets hard to decide which one will suit your trading style the best. No need to worry; we are here to assist you in this matter. There are plenty of prop firms that offer two-step evaluations but with different trading objectives and account sizes. Today, we will talk about the FXIFY Two-step evaluation to see if it fits your criteria and matches your trading style and preferences.
FXIFY Two-Step Evaluation: Is it the One for You?
FXIFY’s Two-phase Evaluation provides traders the opportunity to manage account sizes ranging from $10,000 up to $400,000. The aim is to identify talented traders who are profitable and can efficiently manage risk throughout the two-step evaluation period. The Two-phase Evaluation allows you to trade with up to 1:30 leverage (1:50 with add-on).
- Evaluation phase one requires a trader to reach a profit target of 10% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. When it comes to time limitations, note that you have no maximum trading day requirements during phase one. However, you are required to trade a minimum of five trading days in order to proceed to phase two.
- Evaluation phase two requires a trader to reach a profit target of 5% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. When it comes to time limitations, note that you have no maximum trading day requirements during phase two. However, you are required to trade a minimum of five trading days in order to proceed to a funded account.
- By completing both evaluation phases, you are awarded a funded account with no minimum withdrawal requirements. You must only respect the 5% maximum daily loss and 10% maximum loss rules.
Lastly, don’t forget to use our Discount Code (FOREXPROPREVIEWS) for a 10% Discount or read the Review.
