The prop firm FXIFY unveiled several platform updates this weekend, including the imminent launch of its Instant Funding program and the FXIFY Futures. The new platform has garnered substantial pre-launch interest, with over 100,000 traders already registered on the waitlist for its upcoming open beta.
Prop Firm FXIFY to Enter Futures Market
FXIFY Futures platform is currently in “private beta,” with the prop firm keeping details about the new offering relatively quiet on their social media. The official website of the new project currently only encourages users to join the waitlist and refer friends, with the most active participants eligible for discounts, cash rewards, and free challenges once the futures offering launches.
The move into futures trading could be a strategic response to the MetaQuotes ban and the inability to serve US investors, as futures contracts might provide a workaround to these restrictions.
FXIFY is joining a growing number of prop trading firms, primarily known for CFD trading, that are expanding into the futures market. FunderPro joined this trend in mid-November, while Traddoo entered the space in late October through a partnership with TradersLaunch.
The controversial firm The Funded Trader made a similar move earlier by launching The Funded Futures. MyFundedFX was among the pioneers in this market transition, operating an independent company called MyFundedFutures.
FXIFY Announces Platform Updates, Including Instant Funding Program
The company's Instant Funding program, which will debut in December, will expand FXIFY's trading offerings. Instant funding allows traders to access trading capital immediately without completing traditional evaluation phases or challenges. Traders pay a premium fee upfront to receive instant access to a funded account.
“Account sizes range from $1,000 to $50,000, 50:1 leverage on FX, 20:1 leverage on commodities, 15:1 on indices, and 2:1 on crypto,” the company commented. “Up to 80% profit split and no evaluation phase, but with stricter rules, including a max trailing total drawdown of 8%.”
In a separate modification to its existing services, FXIFY is transitioning its 2-Phase Challenge from a static to a trailing drawdown system. This change, effective yesterday (Sunday), applies exclusively to new account purchases. Existing 2-Phase accounts opened before the specified date will retain their static maximum drawdown parameters for both the Challenge and Funded stages.
The platform updates come as FXIFY continues to expand its market presence, having recently achieved the milestone of $3 million in monthly trader payouts. The company has also been adapting to regulatory changes, including the transition of US traders to the DX platform following recent MetaQuotes policy updates.
Back in May, the prop firm celebrated its 1 year anniversary, paying over $8,700,000 to its funded traders in the debut period and reporting over $1.7 trillion in trading volumes.
