FXIFY has launched an exciting opportunity for traders of all levels with its $1M Monthly Trading Competition. This event offers participants the chance to compete for a share of a massive $1,000,000 prize pool in challenge accounts .
If you’re ready to test your trading skills and potentially secure significant funding, this guide covers everything you need to know about the FXIFY trading competition rules, prize structure, and key requirements.
FXIFY $1M Monthly Trading Competition Overview
FXIFY’s monthly trading competition invites traders to demonstrate their market prowess. With a generous prize pool, the firm aims to identify and reward trading talent by providing challenge accounts to the top performers . This is a unique opportunity to advance your trading career and operate with significant capital.
Key Highlights
| Aspect | Details |
|---|---|
| Total Prize Pool | $1,000,000 |
| Number of Winners | 12 |
| Top Prize | $400,000 Challenge Account |
| Max Daily Drawdown | 5% (based on previous day’s balance) |
| Max Total Drawdown | 10% (based on initial balance) |
| Minimum Trading Days | None (0 minimum days) |
| EA Usage | Not allowed (manual trading required) |
FXIFY $1M Monthly Trading Competition Prize Pool Distribution
The top 12 traders on the leaderboard will be rewarded with high-value challenge accounts, distributed as follows :
| Position | Prize |
|---|---|
| 1st Place | $400,000 Challenge Account |
| 2nd Place | $200,000 Challenge Account |
| 3rd Place | $100,000 Challenge Account |
| 4th Place | $100,000 Challenge Account |
| 5th Place | $50,000 Challenge Account |
| 6th Place | $50,000 Challenge Account |
| 7th Place | $25,000 Challenge Account |
| 8th Place | $25,000 Challenge Account |
| 9th Place | $15,000 Challenge Account |
| 10th Place | $15,000 Challenge Account |
| 11th Place | $10,000 Challenge Account |
| 12th Place | $10,000 Challenge Account |
The prizes extend down to the twelfth position, with all winners receiving challenge accounts that can potentially lead to funded trading opportunities .
FXIFY $1M Monthly Trading Competition Rules
To ensure a fair and structured competition, FXIFY has established clear operational parameters that all participants must follow .
Drawdown Limits
- 5% Max Daily Drawdown: Based on the previous day’s balance
- 10% Max Total Drawdown: Based on the initial account balance
Technical and Operational Restrictions
| Rule | Requirement |
|---|---|
| Trading Days | 0 minimum days (no minimum trading day requirement) |
| EAs/Bots | Not allowed (trading must be manual) |
The zero minimum trading days rule is particularly significant. Traders who perform well early in the competition are not required to manufacture additional trading activity simply to satisfy a minimum-day requirement. This allows participants to focus on quality setups rather than forced trading.
EA Restriction
Expert Advisors (EAs) and automated trading bots are not permitted in the competition . All trading must be manual. This rule ensures that trading skill and decision-making are the primary factors determining success, rather than algorithmic execution.
Note: While EAs are prohibited in this competition, FXIFY’s general policy on automated trading varies by product. For example, Instant Funding Lite expressly prohibits EAs, while some evaluation products may allow them with prior approval .
FXIFY $1M Monthly Trading Format and Participation
Who Can Participate?
The competition is open to traders of all levels. Whether you’re a beginner looking to test your skills or an experienced trader seeking larger capital, this event offers a level playing field .
How to Enter
The competition runs monthly, with registrations opening prior to each competition period . Participants must register before the competition begins to be eligible.
How Winners Are Determined
Traders compete based on their trading performance, with the top 12 performers on the leaderboard receiving prizes. The competition structure rewards consistent performance while maintaining strict risk management parameters .
Strategic Considerations for Participants
Risk Management Is Critical
With a 5% daily drawdown limit and 10% total drawdown limit, participants must exercise disciplined risk management. These limits are relatively tight compared to some evaluation programs, meaning aggressive position sizing could quickly lead to disqualification .
No Minimum Trading Days – Focus on Quality
The 0 minimum trading day requirement means you can focus on high-quality setups rather than forcing trades to meet a quota. This is particularly beneficial for:
- Swing traders who may not have valid setups every day
- Traders who prefer to wait for optimal market conditions
- Those who want to avoid overtrading and unnecessary exposure
Manual Trading Only
Since EAs are not allowed, participants must rely on their manual trading skills. This levels the playing field and ensures the competition rewards genuine trading ability rather than automation proficiency.
Also Read Blue Guardian Competition: Rules, Prizes, Drawdown Limits & How to Join
Frequently Asked Questions
What is the prize for first place in the FXIFY trading competition?
First place receives a $400,000 Challenge Account, the largest prize among the 12 winning positions
Are Expert Advisors (EAs) allowed in the FXIFY trading competition?
No. The use of EAs or automated trading bots is not permitted in the competition. All trading must be manual .
How many traders win prizes in the FXIFY competition?
The top 12 traders on the leaderboard win challenge accounts, ranging from $400,000 for first place to $10,000 for twelfth place .
What are the drawdown limits for the FXIFY trading competition?
Participants must adhere to a 5% maximum daily drawdown (based on the previous day’s balance) and a 10% maximum total drawdown (based on the initial balance)
Is there a minimum trading day requirement for the competition?
No. There are no minimum trading days required to qualify for prizes
