Prop-firm rules and trading bots
Every FXIFY account has limits that close or fail the account when they are broken. The exact numbers change, so always read FXIFY's current rules, but they usually cover:
- Daily loss limit: how much you may lose in one day.
- Maximum drawdown: how far the account may fall in total.
- Trading-style rules: many firms restrict grid, martingale or recovery strategies, latency arbitrage and copying the same trades across accounts.
- News rules: some forbid opening or holding trades around high-impact releases.
- EA policy: whether Expert Advisors are allowed at all, and on which account types.