The most common evaluations in the Proprietary industry are the Two-step evaluations. With the increasing options available by many prop firms, it is difficult to see which one is good for an individual. So, today, we will be talking about FXIFY Two-Step Evaluation and see if this one is the one for you and matches your trading objectives.
FXIFY Two-Step Evaluation: Striving for Success
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.
Add-ons for FXIFY’s Two-phase Evaluation
- Increased 1:50 Leverage
- 90% Profit Split
- Bi-weekly Payouts
- Performance Protection (Qualifies you for a payout if in profit even if you breach the daily drawdown)
So, use our Discount Code (FOREXPROPREVIEWS) for a 10% Discount or read the Review.
