At FXIFY Futures, we encourage traders to develop sustainable strategies that can transition to live markets. We have implemented policies to ensure traders engage in practices that reflect real-world market conditions. The following actions are strictly prohibited:
"All or Nothing" Approach: Using maximum leverage on a single position or relying on loss limits as a stop-loss strategy is prohibited. The goal is to build long-term, responsible strategies—not to engage in reckless or impulsive trading.
Tick or Micro Scalping: Taking trades with minimal movement, such as fewer than 10 ticks, without a clear plan, and opening and closing positions quickly to make small profits, is not allowed. While volatility can create quick moves, this approach often takes advantage of simulated conditions rather than replicating real market dynamics.
Exploiting Favorable Fills: Attempting to profit by exploiting the absence of slippage, using tight brackets, or manipulating order fills to gain an advantage is prohibited.
Account Rolling: Taking extreme leverage positions without a plan or stop-loss, hitting the maximum loss, and then purchasing additional accounts to repeat the cycle, is strictly forbidden.
Reverse Trading: Simultaneously taking opposite positions (long and short) on separate accounts to exploit market moves is not allowed at the Evaluation or Funded Phases.
Manipulating Gaps and Illiquid Markets: Attempting to profit from isolated fills in illiquid or gapped markets is prohibited.
Group Trading: Collaborating with other traders to execute identical or opposite strategies across different accounts is not allowed. Each trader must operate independently, and any coordinated activity will be flagged and dealt with accordingly.
Account Management: Allowing someone else to trade on your behalf or managing multiple accounts under different names, which violates our one-account-per-customer rule. This includes “pass your challenge” services and similar services.
Latency Arbitrage: Exploiting delays between price updates across platforms to gain an unfair advantage, distorting true market conditions.
Exploiting Bugs and Glitches: Taking advantage of any platform errors or delays to profit unfairly, which is strictly prohibited.
High Leverage News Trading: Placing large, leveraged positions around major news events, akin to gambling without proper risk management.
Statistical Arbitrage: Deploying high-risk trades based on statistical models, aiming for significant wins to offset losses from multiple accounts.
All trading must comply with the rules and regulations of the CME Group and other relevant bodies.
What happens if I violate these rules?
FXIFY Futures takes policy violations seriously. Any breach of these rules may result in the following consequences:
Immediate account termination: If a trader is found violating the above rules, their account may be immediately closed.
Profits voided: Any profits generated from prohibited practices will be nullified.
Review of Evaluation and Funded Accounts: Traders found violating these rules will not be eligible for funding opportunities. Their evaluation progress may be halted, and they will not advance to the funded phase.
By adhering to these guidelines, FXIFY Futures ensures that all traders have the opportunity to develop in a fair, transparent, and educational environment that mirrors real market conditions.