Two months
after launching its “private beta” and gathering over 100,000 traders eager to
participate in the “open beta,” the proprietary firm FXIFY has officially
launched its futures platform on the market.
Like
several other companies in the sector, FXIFY has decided to establish a
separate brand focused on challenges in the futures market rather than Forex
CFDs (Contracts for Difference).
FXIFY Futures Launches:
Prop Firm Introduces a New Brand
As reported
by Finance Magnates over
two months ago, FXIFY Futures was initially available only in a test
version and wasn’t heavily promoted by the proprietary trading firm. However,
according to official announcements on social media, FXIFY Futures became fully
operational by late January. The platform’s official website now offers traders
the ability to purchase challenges with simulated capital of up to $450,000.
“Hey
everyone, the wait is finally over,” the company announced on Discord. “FXIFY
Futures is now officially live, and our main website is up and running.” The
firm is offering “Unlimited Trading Days, Free Level 1 Data, and up to a 100%
Performance Split.”
FXIFY is no
newcomer to the proprietary trading market. It originates from FXPIG, an FX/CFD broker
with a unique name. Recently, the company expanded its offerings by adding cryptocurrency
trading options to its portfolio, which already included forex, stocks, and
commodities.
In just a
few months, FXIFY – the parent brand of FXIFY Futures – will
celebrate its second anniversary in the market. In the meantime, it has
introduced an instant funding program that allows traders to access capital
immediately without having to go through traditional challenges.
“It is our
20 years of experience in the forex brokerage industry that sets us apart from
other prop firms,” said Bobby
Winters, Co-Founder of FXIFY and CEO of FXPIG. “We know what it takes to
give our clients the best experience – from trading platforms and execution to
customer support and evaluation programs. This gives our traders the confidence
they need to navigate this rapidly changing and growing environment so they can
focus on what’s important to them: trading and payouts.”
Why Are Prop Firms
Expanding into Futures?
Entering
the futures market could be a
strategic response to restrictions like MetaQuotes’ ban and limitations on
servicing U.S.-based investors. Futures contracts may provide a way around
these barriers.
FXIFY joins
a growing number of proprietary trading firms that previously specialized in
CFD trading but are now expanding into futures markets. FunderPro
followed this path in mid-November, while Traddoo entered the space at the
end of October through a partnership with
TradersLaunch.
The
controversial firm The Funded Trader made a similar move earlier by
launching The Funded Futures. Meanwhile, MyFundedFX was one of the pioneers
of this shift, creating an independent entity called MyFundedFutures.
Two months
after launching its “private beta” and gathering over 100,000 traders eager to
participate in the “open beta,” the proprietary firm FXIFY has officially
launched its futures platform on the market.
Like
several other companies in the sector, FXIFY has decided to establish a
separate brand focused on challenges in the futures market rather than Forex
CFDs (Contracts for Difference).
FXIFY Futures Launches:
Prop Firm Introduces a New Brand
As reported
by Finance Magnates over
two months ago, FXIFY Futures was initially available only in a test
version and wasn’t heavily promoted by the proprietary trading firm. However,
according to official announcements on social media, FXIFY Futures became fully
operational by late January. The platform’s official website now offers traders
the ability to purchase challenges with simulated capital of up to $450,000.
“Hey
everyone, the wait is finally over,” the company announced on Discord. “FXIFY
Futures is now officially live, and our main website is up and running.” The
firm is offering “Unlimited Trading Days, Free Level 1 Data, and up to a 100%
Performance Split.”
FXIFY is no
newcomer to the proprietary trading market. It originates from FXPIG, an FX/CFD broker
with a unique name. Recently, the company expanded its offerings by adding cryptocurrency
trading options to its portfolio, which already included forex, stocks, and
commodities.
In just a
few months, FXIFY – the parent brand of FXIFY Futures – will
celebrate its second anniversary in the market. In the meantime, it has
introduced an instant funding program that allows traders to access capital
immediately without having to go through traditional challenges.
“It is our
20 years of experience in the forex brokerage industry that sets us apart from
other prop firms,” said Bobby
Winters, Co-Founder of FXIFY and CEO of FXPIG. “We know what it takes to
give our clients the best experience – from trading platforms and execution to
customer support and evaluation programs. This gives our traders the confidence
they need to navigate this rapidly changing and growing environment so they can
focus on what’s important to them: trading and payouts.”
Why Are Prop Firms
Expanding into Futures?
Entering
the futures market could be a
strategic response to restrictions like MetaQuotes’ ban and limitations on
servicing U.S.-based investors. Futures contracts may provide a way around
these barriers.
FXIFY joins
a growing number of proprietary trading firms that previously specialized in
CFD trading but are now expanding into futures markets. FunderPro
followed this path in mid-November, while Traddoo entered the space at the
end of October through a partnership with
TradersLaunch.
The
controversial firm The Funded Trader made a similar move earlier by
launching The Funded Futures. Meanwhile, MyFundedFX was one of the pioneers
of this shift, creating an independent entity called MyFundedFutures.
This post is originally published on FINANCEMAGNATES.
