FXIFY™ Performance Protect is a unique feature designed to safeguard our funded traders’ accounts in the event of a drawdown breach. This prop trading add-on provides account protection, enabling our funded traders to preserve their remaining trading gains and request a payout based on the agreed performance split, even in the face of a drawdown breach.
This innovative solution proves to be particularly advantageous for traders who have accumulated substantial trading gains and seek to safeguard them against potential drawdown breaches. With FXIFY™ Performance Protect, traders can confidently navigate the market, knowing that their hard-earned gains are protected and that they can continue to benefit from their trading success, regardless of any temporary setbacks.
Calculation Example of FXIFY™ Performance Protect:
To illustrate how FXIFY™’s Performance Protect add-on works, let’s consider a hypothetical scenario. Here’s what you need to know:
- Starting Balance: $100,000
- Highest Equity Reached: $130,000
- Daily Drawdown (DD): -$6,500 (5% DD breached)
Ending Balance: $123,500
Without Performance Protect, the trader’s funded account would be closed, and all existing gains would be forfeited. This is not the case with FXIFY™ Performance Protect.
With the Performance Protect add-on, the trader can request a payout of the remaining gains, in this case, $23,500, which will be distributed accordingly based on the agreed-upon performance split. This not only saves the trader from losing all their hard-earned profits but also provides a safety net in the event of adverse market conditions.
How to Purchase FXIFY™ Performance Protect:
FXIFY™ Performance Protect is offered as an add-on to all prop traders of FXIFY™. This add-on can be added at checkout upon choosing your FXIFY™ assessment, pricing at just an additional 15% of the assessment fee. It’s important to note that the add-on must be purchased during your FXIFY™ assessment checkout and cannot be acquired separately upon advancing to the funded stage. By making a thoughtful decision from the start, you can safeguard your trading gains and benefit from them in your funded stage.