Does FXIFY require KYC, and when are traders asked to complete verification?
💡 Answer
Is KYC Required at FXIFY?Yes
At what stage traders must go through identity verification at FXIFY?
KYC is required as part of FXIFY's AML/KYC compliance process before traders can fully access withdrawals/performance fees. If a trader cannot pass KYC, FXIFY's policy explains this impacts their ability to proceed under the program's compliance requirements.
More FAQs about FXIFY
- What trading styles are permitted at FXIFY, including EAs, news trading, weekend trades, and copy trading?
- How can traders pay for accounts at FXIFY, and are refunds available?
- What are the payout rules at FXIFY, such as minimum withdrawal, payout frequency, processing time, and methods?
- How much profit can traders keep at FXIFY?
- Which markets are available for trading at FXIFY?
- What leverage does FXIFY offer for forex, indices, metals, and crypto trading?
- Which trading platforms are available at FXIFY, and who is the underlying broker?
- How does FXIFY handle spreads, commissions, and slippage during trade execution?
- Which trading strategies are restricted by FXIFY, does the firm allow martingale trading, and are lot size limits enforced?
- What drawdown model is applied at FXIFY?
- What risk management and consistency rules must traders follow at FXIFY?
- What program types does FXIFY offer to traders?
- What challenge structure does FXIFY use for its evaluation process?
- What is the maximum funding offered by FXIFY, and is a scaling plan available for traders?
- What is the current Trustpilot rating and number of reviews for FXIFY?
- What program types are available at FXIFY?
- How many accounts can a trader hold at FXIFY, is account merging allowed, and are there lot size limits?
- Which countries are restricted from trading with FXIFY?
Guides Where FXIFY Is Featured
- Prop Firms Offering Indices Trading
- Prop Firms with More Than 2500 Trustpilot Reviews
- Prop Firms With MT5 Platform
- Prop Firms With Trustpilot rating of 3.7 or higher
- Top Prop Firms That Accept Clients From Burkina Faso
These guides include FXIFY alongside other prop firms, grouped by trading features, platforms, availability, and trader requirements.
FXIFY vs Funded Trading Plus vs E8 Markets - Prop Firm Comparison (March 2026)
Side-by-side comparison of FXIFY vs Funded Trading Plus vs E8 Markets. Quickly scan maximum funding, profit splits, risk rules, leverage, platforms, instruments, payout schedules, payment options, trading permissions and KYC restrictions to narrow down your prop trading firm shortlist. Data updated March 2026.
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FXIFY
FXIFY is a broker-backed prop firm (FXIFY Markets Ltd, licensed in Labuan, Malaysia) offering One Phase, Two Phase and Three Phase evaluations, an Instant Funding path, and a 7-day Lightning Challenge, with up to 90% performance splits, on-demand payouts on...
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Funded Trading Plus
Funded Trading Plus (FT+) is a Saint Lucia-registered prop firm brand with an operational office in Manchester, UK, offering Instant Funding plus 1-step and 2-step simulated challenges since 2021. Traders can access broad CFD markets (FX, indices, commodities, crypto) across...
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E8 Markets
E8 Markets is a US-based prop-firm-style evaluation brand operating simulated accounts via third-party platforms, offering 1-step programs such as E8 One and E8 Signature (Forex/Crypto) with dynamic drawdown models, leverage up to 1:30 on FX, and performance-fee payouts via Plane...
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| Overview | |||
| Trustpilot Rating | 4.4 | 4.4 | 4.4 |
| Trustpilot Reviews | 5,320 | 2,630 | 3,232 |
| Headquarters | Malaysia | Saint Lucia | United States |
| Age (Years) | N/A | N/A | N/A |
| Max Funding | $4,000,000 | $400,000 | $500,000 |
| Profit Split Start | 80% | 80% | 80% |
| Profit Split Max | 90% | 100% | 100% |
| Platforms | MT4 MT5 DXtrade | MT5 cTrader Match-Trader DXtrade | MT5 cTrader Match-Trader TradeLocker |
| Assets | FX Metals Indices Commodities Stocks Crypto | FX Indices Commodities Crypto | FX Metals Indices Energy Crypto |
| Leverage | |||
| FX Leverage | 50 | 30 | 30 |
| Metals Leverage | 50 | 30 | 15 |
| Crypto Leverage | 1 | 2 | 5 |
| Risk & Drawdown Rules | |||
| Max Daily Loss | Maximum Daily LossFXIFY's daily drawdown limits are program-specific. FXIFY provides examples showing One Phase uses a 3% daily drawdown, while Two Phase uses a 4% daily drawdown. Daily drawdown is monitored alongside max drawdown thresholds, and traders should plan withdrawals and risk so that intraday equity does not breach the daily limit. | Maximum Daily LossFT+ uses a balance-based Daily Drawdown (Daily Simulated Loss) that resets each day at 16:59 (EST). A daily balance snapshot is taken, the daily loss amount is calculated as a percentage of that snapshot, and the account’s equity must not fall below the resulting Daily Drawdown figure.Daily Simulated Loss limits vary by program (typical published values): Master 6%, Experienced 4%, Advanced 5%, Premium 4%, Prestige Lite 3%, and Prestige Pro 5%. | 3 |
| Max Total Loss | Maximum Overall LossFXIFY provides examples showing One Phase accounts use a 6% max drawdown and Two Phase accounts use a 10% max drawdown. For Three Phase, FXIFY describes a static drawdown option where max drawdown is set at 5% and remains static for the life of the account. | Maximum Overall LossMaximum Simulated Loss limits vary by program and drawdown model. Core trailing-loss challenges include: Master 6% max loss, Experienced 6%, Premium 8% and Advanced 10%.Prestige variants use a static-loss structure with tighter daily limits and typical maximum loss caps such as 6% (Prestige Lite) or 10% (Prestige Pro), depending on the specific Prestige version chosen. | 4 |
| Drawdown Type | Drawdown ModelFXIFY supports both trailing-style drawdown mechanics and an optional static drawdown mode (notably for 2-Phase and 3-Phase). FXIFY also explains that on 1- and 2-Phase accounts, when a withdrawal is requested, the max drawdown “locks” at the starting balance, meaning profit withdrawals reduce the buffer created by gains and can increase breach risk if no buffer remains. | Drawdown ModelFunded Trading Plus uses two drawdown structures across its programs: Relative (trailing) drawdown on core challenges (Master/Experienced/Advanced/Premium) and Static drawdown on Prestige variants.Daily Drawdown is calculated from a daily balance snapshot and applies as a daily equity floor that resets once per day. | Drawdown ModelE8 One uses a 3% Daily Drawdown (from the day's starting balance) plus a 4% Dynamic Drawdown that limits maximum running or closed loss. E8 Signature products use an end-of-day (EOD) Dynamic Drawdown limit (set as a fixed dollar amount by account size) plus a 2% Daily Pause that stops trading for the rest of the day but does not breach the account. |
| Payouts | |||
| Payout Frequency | Payout FrequencyInstant Funding: FXIFY states Instant Funding accounts offer payouts every 14 days. Evaluation programs (1-Phase, 2-Phase, 3-Phase): FXIFY states the first payout is instant and on demand, processed right after the trader's first live trade in the funded account. | 7 | Payout Frequency E8 Markets payouts are requested on-demand once a trader meets eligibility criteria. E8 Signature Forex/Crypto: First payout requires 3 profitable days; subsequent payouts require 5 profitable days (each profitable day is ≥0.3% realized closed PnL), plus a 35% Best Day Rule. Payout buffer and payout caps apply. E8 One (E8 Trader stage): 40% Best Day Rule and the trader's net profit (payout share) must be greater than 50% of the account's daily drawdown; buffer rules can apply in specific scenarios. |
| Days to First Payout | 0 | 0 | 0 |
| Payout Processing Time | 0 | Payout ProcessingWithdrawal requests are reviewed under FT+’s Risk Review Policy (withdrawals are a listed milestone for review). Processing time can therefore vary depending on whether a request is automatically cleared or requires manual risk-team review. | Payout ProcessingPayouts are typically processed within 1–2 business days (excluding weekends) and then received in ~1–3 additional business days; the total process may take 2–5 business days. Payouts are delivered via Plane (bank transfer) or Rise (crypto options), subject to payout-provider onboarding/KYC. |
| Payout Methods | Crypto Bank Transfer | Crypto Bank Transfer | Plane (Bank Transfer) Rise (Crypto) |
| Payments | |||
| Payment Methods | Credit/Debit Card Crypto | Credit/Debit Card E-wallets Crypto | Credit/Debit Card Crypto |
| Trading Permissions | |||
| News Trading | News trading rules are defined by FXIFY program terms and platform rules; traders should follow FXIFY's compliance guidance and avoid any prohibited behavior, especially around extreme volatility where drawdown breaches can occur quickly. | News trading is allowed in principle, and FT+ markets “trade news” as part of its ruleset. However, high-risk “coin-flip” behaviour (e.g., extremely high margin utilisation combined with short-duration trades during volatile news) may fail a withdrawal-time risk review. | E8 One: In Phase 1, news trading is allowed without restriction. On the E8 Trader stage, a prohibition window applies for high-impact news: 5 minutes before and 5 minutes after the release, during which opening/closing/modifying trades is prohibited; profits earned during the window may be removed without an account violation. E8 Signature Forex/Crypto: News trading is allowed without restrictions in both Phase 1 and the E8 Trader stage, with a reminder that high-impact news can cause volatility and slippage and that the user is responsible. |
| Weekend Trades | FXIFY advertises the ability to hold positions over the weekend on supported programs/instruments, subject to market hours, symbol availability, and account objectives. | Funded Trading Plus states traders may hold trades over the weekend (“hold weekends”), supporting swing-style strategies. Traders should still monitor instrument trading hours/closures and manage gap risk. | E8 Signature Forex/Crypto: Overnight/weekend holding is not supported; positions are closed daily at 23:00 server time and trading reopens at 00:15.E8 One: The help center does not impose the same daily position-closure rule; weekend/overnight exposure remains subject to normal market gaps and drawdown calculations. |
| Copy Trading | Copy trading is allowed between your own FXIFY accounts and from FXIFY accounts to other accounts. To copy from an external account into a FXIFY account, FXIFY requires submission of the master account statement in HTML format beforehand, and copying from a third party is prohibited. | FT+ requires accounts to be traded independently. Copy trading between active FT+ accounts is not permitted, and hedging across multiple accounts is strictly prohibited (hedging within a single account is allowed). | E8 Markets allows copy trading across evaluations and E8 Trader accounts (and to/from personal accounts) as long as the accounts belong to you. A key restriction is that you cannot copy trades or reuse the same trading ideas between multiple E8 evaluation accounts; each evaluation must be traded independently. Team trading and third-party signal services are not permitted. |
| EA Allowed | 1 | Expert Advisors (EAs), algos and bots are permitted. FT+ warns that abusive automation can lead to bans and may require traders to submit their EA for approval before receiving a simulated-live FT+ Trader account. EAs may not be used to copy trade or hedge across multiple FT+ accounts. | Expert Advisors (EAs) are allowed. E8 states it limits one strategy per user and may terminate accounts if it detects multiple users executing the same trades/strategy. Server request limits (e.g., order/TP/SL modification limits and maximum positions per day) also apply. |
| KYC & Restrictions | |||
| KYC Required | Yes | Yes | Yes |
| KYC Stage | KYC is required as part of FXIFY's AML/KYC compliance process before traders can fully access withdrawals/performance fees. If a trader cannot pass KYC, FXIFY's policy explains this impacts their ability to proceed under the program's compliance requirements. | KYC / identity checks are required at the FT+ Trader stage (simulated-live funded accounts), typically to confirm account ownership and support withdrawal processing under compliance requirements. | KYC is required as part of eligibility and compliance checks. To receive a payout, traders must also be able to onboard and pass KYC with E8's payout providers (Plane or Riseworks/Rise); if a trader cannot complete provider onboarding, E8 states it cannot issue a payout. |
| Restricted Countries | United States Zimbabwe Iran Iraq North Korea Somalia Vietnam Burundi Central African Republic Ivory Coast Liberia Libya Sudan Cuba Syria Afghanistan Yemen Palestine Myanmar Nicaragua Congo Republic Crimea Democratic Republic of Congo Eritrea Guinea Guinea-Bissau Papua New Guinea South Sudan Vanuatu Venezuela Algeria Russia Kenya Ghana | North Korea Myanmar Cuba Syria Iran Pakistan Vietnam | Afghanistan Albania Algeria Myanmar (Burma) Burundi Belarus Central African Republic Congo Democratic Republic of Congo Cuba Ethiopia Hong Kong Iran Iraq Kenya Kosovo Lebanon Libya Mali Midway Islands Nicaragua North Korea Pakistan Russia Samoa Somalia South Sudan Sudan Syria Ukraine United Arab Emirates Vatican City State Venezuela West Bank Western Sahara Yemen Zambia; Limited (E8 Signature Forex/Crypto only): Bulgaria India Romania Bangladesh Indonesia Taiwan Cambodia Laos Viet Nam Croatia |