Updated 2026-03-08
FXIFY Profit Target (Phase 1) Rule Explained
FXIFY
Quick Answer
FXIFY's Profit Target (Phase 1) requires traders to achieve 10% profit on initial account balance.
The target is calculated based on your starting account balance - for a $100,000 account, you need $10,000 in profit. Only closed trades count toward this target, not floating profits. Failing to reach this target means you cannot progress to Phase 2 of the evaluation.
Key Rule Details
Target
10%
Dollar Target ($100,000)
$10,000
Phase
Phase 1 only
Time Limit
None
Min Days
0 days
Calculation Example
Common Mistakes
Counting Unrealized Profits
Traders often assume their floating profits count toward the 10% target and stop trading prematurely. Only closed trades contribute to the profit target at FXIFY. If you have $8,000 in closed profits and $3,000 in floating profits on a $100,000 account, you still need $2,000 more in actual closed profits to pass Phase 1.
Ignoring Risk Management
Some traders take excessive risks trying to quickly hit the 10% target, forgetting about FXIFY's 4% daily loss and 10% total loss limits. Taking a massive position to reach $10,000 profit on a $100,000 account could easily trigger a $4,000 daily loss breach first, ending the evaluation immediately.
Stopping at Exactly 10%
Traders sometimes close all positions immediately upon hitting exactly 10% profit without considering market conditions or ongoing trades. This can leave money on the table and doesn't provide a buffer for Phase 2's 5% target. Stopping at exactly $10,000 on a $100,000 account gives no cushion for potential losses in Phase 2.
Misunderstanding the Calculation Basis
Some traders mistakenly calculate the 10% target based on their current account balance instead of the initial balance. On a $100,000 FXIFY account, the target remains $10,000 even if your balance grows to $105,000 through profits. The target never changes from the original starting balance calculation.
Protection Strategies
Target 12-13% Instead of 10%
Aim for $12,000-$13,000 profit on a $100,000 account rather than stopping at exactly $10,000. This buffer protects against any potential calculation discrepancies and provides a comfortable margin above FXIFY's requirement. The extra 2-3% gives you confidence when transitioning to Phase 2.
Use 1% Risk Per Trade Maximum
Limit each trade to 1% risk of your account balance to steadily build toward the 10% target. On a $100,000 account, risk only $1,000 per trade, requiring roughly 10-15 winning trades to reach the target. This approach respects FXIFY's 4% daily loss limit while making consistent progress.
Set Profit Target Milestone Alerts
Create alerts at 25%, 50%, 75%, and 90% of your profit target to track progress systematically. For a $100,000 account, set alerts at $2,500, $5,000, $7,500, and $9,000 in closed profits. This prevents losing track of your progress and helps maintain consistent trading discipline throughout Phase 1.
Avoid Trading During High-Impact News
While FXIFY allows news trading, avoid major news events when close to your 10% target to prevent unexpected volatility from derailing your progress. If you have $8,500 profit on a $100,000 account, skip trading during NFP or FOMC announcements. The 10% target doesn't have a time limit, so patience protects your progress.
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Frequently Asked Questions
Disclaimer: This guide is for informational purposes only and does not constitute financial advice. Prop firm rules change regularly — always verify current terms on FXIFY's official website before purchasing a challenge. Updated 2026-03-08.