With the help of FXIFY Lightning Challenge, traders are offered a shorter way of evaluation. The one-step approach provided by the program may be useful for people who seek for a more direct path to a funded trading account.
Firstly, a profit objective of 5% can be mentioned as the main one in the program. It helps traders to set a specific goal while evaluating. The account fees are $59. Thus, the program becomes attractive for those who need to check out proprietary trading but are not ready to pay high prices.
Depending on the chosen account package, a trader can receive up to $100,000 for the start.
Another significant feature is a performance split which can be up to 90%. It means that the trader has the opportunity to keep a bigger part of the profits under certain rules of the company and account terms.
In general, the program may be suitable for those who have a trading strategy ready and wish to undergo a short-term evaluation. Lower profit objectives and one-step structure are some of the distinctive features of the program among others.
It should be noted that traders should check out such things as drawdown limits, trading