FXIFY has revealed a number of much-awaited revisions that will be released in December. One of the most exciting news is the introduction of FXIFY’s Instant Funding Program, which gives traders the option to forego the conventional assessment stage and begin trading live cash right away.
The program gives traders of different skill levels flexibility by offering account sizes ranging from $1,000 to $50,000. Users access a range of markets with leverage ratios of 50:1 on forex, 20:1 on commodities, 15:1 on indices, and 2:1 on cryptocurrencies. The profit split is set at an impressive 80%, allowing successful traders to keep a large percentage of their earnings.
Moreover, the Instant Funding program comes with stricter risk management guidelines, such as a maximum trailing drawdown of 8%. This regulation aims to preserve capital while allowing traders to expand their accounts.
FXIFY’s 2-Phase Challenge also has important changes. For all new accounts acquired after November 24th, the program will switch from a static drawdown model to a trailing drawdown. Users must note that current 2-Phase Challenge accounts that were bought before this date will not be impacted by the modification and will continue to follow the static drawdown guidelines for both the funded and challenge phases.
Lastly, FXIFY has announced that its new Futures Trading Program will launch in open beta in the coming weeks. The firm expects high interest and participation in the beta phase since more than 100,000 traders are now queued.
If you want to learn more, visit our FXIFY Review.
