We’ve been partners with FXIFY since shortly after they launched in 2023, and it’s been great to see them grow and become a leader in the space. They have recently launched two new prop offerings, the Lightning Challenge and FXIFY Futures. I’ll take a look through the Lightning Challenge in this article.
I want to start by stating, this is probably not a great option for new traders as the time restraint and drawdowns are quite tight. It is however ideal for someone who has a refined strategy and can calculate if their method aligns with the requirements of the challenge.
About the challenge
This challenge is unlike anything else currently in the market. It is essentially a race against the clock, which typically is not something I advocate for when trading. However, I do feel it provides an interesting opportunity for traders who are looking for a challenge and who have an aggressive trading style.
The draw down on the account is set at 4% overall which is trailing and 3% daily draw down based on end of day balance.
There are a few other factors to consider which I will outline in the next section.
Strategies to pass the lightning challenge
The goal of the challenge is to hit the 5% target within a single trading week. That means you have 5 normal trading days with 2 days in which you will be limited to crypto. To confirm, crypto trading is allowed during the weekend.
The other aspect you need to consider is the consistency rule, which is set at 30%. This means your best trading day can not account for more than 30% of your overall profits. For example, if you are trading a $100k account, with a profit target of 5%, your best day cannot exceed $1,500. This means you will need to split profits between at least four trading days.
Below I will provide a few examples on how to tackle the consistency rule based on the allotted time. Of you will need to play it somewhat by ear as nothing in trading is guaranteed, but this should give you some idea of what to expect.
- Five days of ~1.25% profit with One negative day (1.25%)
- Four days of ~1.4% profit with Two negative days (1%)
- Five Days of ~1% Profit with Two negative days (1%)
Get a discount – 15% Off All Accounts
As a partner of Prop Traders Club, FXIFY have provided us with a 15% discount usuable on all challenges.
To claim:
Use code PTC in the affiliate code section on the checkout page.
Learn more
I will be posting updates on this firm, as well as giveaways, over on X. Click here to follow.
