AIFO is a new MetaTrader 5 prop firm. It sells simulated evaluations and promises funding “up to $2M” with traders keeping up to 95% of profits. The rulebook is detailed. This AIFO review sets the two headline numbers against the payout mechanics underneath them.

Who runs AIFO, and whether it is regulated

AIFO’s General Terms and Conditions (version September 2026) name the provider as AIFO Global Ltd, registered at Boulevard de Coalancanthe, Mutsamudu, Anjouan, Union of Comoros, under “License L16175/AG”. Clause 3.1 routes all payments and refunds through that company. Clause 3.7 names Odeonpay ALE S.R.L., trading as Paysagi, as merchant of record. The site footer also lists AIFO HOLDING LIMITED at an address in Tsuen Wan, Hong Kong, with “License No.80190485”. The contact page gives a +357 landline, which is a Cyprus number.

The canonical domain is aifo.com, as the terms and the homepage canonical tag confirm; aifo.trade and aifofunded.com did not resolve. The trader dashboard at dashboard.aifo.com calls an API at aifo-c.tradetechsolutions.app. That is TradeTech Solutions’ white-label prop software, and the same code bundle carries configurations for dozens of other prop brands. A shared software supplier is not shared ownership. Our searches found no other brand naming AIFO Global Ltd as its contracting entity.

Anjouan registrations are covered in our look at how offshore FX licensing splits into real regimes and paper ones. Clause 16.1 puts every dispute under Comoros law and the Comoros courts. Clause 9.2 caps AIFO’s liability at the fee paid for the service in question.

AIFO is not regulated as a financial firm, and its own terms say so. Clause 1.6 states that none of the services “can be considered investment services”. Clauses 1.5 and 6.1 say all accounts are simulated, and that displayed capital is fictitious and cannot be withdrawn. Neither the Anjouan number nor the Hong Kong number is presented as a licence from a named financial regulator. The fee is non-refundable once you fail or breach (clause 2.6), and the 14-day withdrawal right can be lost once you start trading (clause 12.1). US residents are excluded, along with residents of 16 other listed countries. For context, see how prop trading regulation is diverging in 2026.

The $10,000 payout cap under a $2,000,000 headline

AIFO’s payout FAQ states: “the maximum limit per payout request is $10,000.” Step accounts can ask for a payout once every 14 days. The cap binds long before the $2M headline.

Take a $200,000 1-Step account at the default 80% split. A 10% gain in one cycle is $20,000 of simulated profit, and 80% of that is a $16,000 trader share. That is already $6,000 over the per-request ceiling. The FAQ does not say whether the excess carries into the next cycle, has to stay in the account, or can be split across several requests. That matters because profit left in the account still counts as equity, so it stays exposed to the loss limits.

The scaling plan page says accounts scale up to “a maximum allocation of $2,000,000 across all your AIFO Accounts”. Note the words “across all”. The scaling FAQ describes three levels, and each one doubles the account. The largest single account sold is $200,000. Three doublings take it to $1,600,000, not $2,000,000. The 95% split arrives only at Level 3. Getting there takes three consecutive four-month periods with no violation or failure, and 4, 6 and then 10 successful payouts.

The scaling example contradicts AIFO’s own loss rules

The scaling page shows a sample growth path “when a $100K 1-Step customer meets the Scaling Plan requirements”. The table’s first row, at 0 months, shows an initial balance of $200,000, not $100,000. It lists a Maximum Loss of $6,000 and a Maximum Daily Loss of $10,000. Under the 1-Step rules on the trading rules page (3% daily, 6% static maximum), a $200,000 account should show a daily limit of $6,000 and a maximum loss of $12,000.

The pattern holds in every row. The “daily” figure is larger than the “maximum” figure all the way to the 18-month line, where it reads $2,000,000, $200,000 maximum and $240,000 daily. A daily limit bigger than the total loss limit does nothing. The FAQ says each level adds 1% to both limits, which would take a 1-Step account from 3%/6% to 6%/9% by Level 3. The table’s 12%/10% matches neither. Until AIFO corrects the page, rely on the limits shown in your own dashboard, which clause 2.9 says take precedence.

Payout evidence: what AIFO publishes and what we could verify

The payout rules page claims “$1 MILLION+” paid, 4,300 traders and 1,392 successful payouts. If the total is close to $1 million, that is about $720 per payout ($1,000,000 ÷ 1,392 = $718). That says nothing about whether large requests get paid. AIFO publishes no audited figures, no breakdown by account size and no rejection rate.

The homepage shows six Trustpilot-badged testimonials. On 24 September 2026, the aifo.com Trustpilot profile listed three reviews, all five stars, and Trustpilot tagged two of them as invited. Three of the six homepage cards (signed TraderKann, BOAZ and “Customer”) link to review URLs that returned “not found”. We cannot tell whether they were removed or never published. One reviewer, Isaac Oladipupo Ayomide, wrote on 30 July 2026: “The payment structure is very fast and impressive.” He also mentioned waiting for a third payout. That is the only first-hand payout claim we found. We could not reach Reddit for independent reports during this review, so our social check is weak.

What we could not verify: the $1 million total, the 1,392 payout count, any payout above $10,000, processing times (the FAQ says one to three business days), and which “third-party company” clause 7 of the terms says may contract with funded traders.

Rules that fail AIFO traders

The restricted trading FAQ is where accounts get closed:

• Scalping: if 50% or more of trades are held for under one minute, the account is closed.
• Leverage: margin use of 70% or more, or often reaching 90% of the daily loss limit, can trigger a risk review, and a first violation brings a warning. A second offence caps floating P/L at 1% of the account. The FAQ says the 70% margin test does not apply to 1-Step accounts.
• “Gambling behaviour”: using more than 40% of margin on a single instrument.
• One-sided betting: 10 or more small positions in one asset class. A second offence closes the account.
• Grid trading: profits are confiscated. Copy trading, cross-account hedging and latency arbitrage lead to closure.
• Instant accounts: no single day may reach 20% of payout-period profit. Taking the full available payout closes the account, and keeping it open requires a 2% buffer.

One detail works in traders’ favour. The drawdown FAQ confirms the static floor does not move up to the starting balance after a payout. Separately, clause 17.2 lets AIFO freeze an account after 21 idle days. For how other firms handle profit concentration, see our The5ers review.

How AIFO’s 2-Step compares

Two-phase model	AIFO 2-Step	FTMO 2-Step	The5ers High Stakes
Phase 1 / Phase 2 target	8% / 5%	10% / 5%	10% / 5%
Daily loss limit	5%	5%	5%
Maximum loss	10% static	10% static	10%
Minimum days per phase	3 trading days	4 trading days	3 profitable days

Sources: AIFO trading rules; FTMO trading objectives; The5ers High Stakes, all read 24 September 2026. AIFO’s lower Phase 1 target is a real advantage. See our FTMO review and FundedNext review for how established firms document their payouts.

Frequently asked questions

Is AIFO a legitimate prop firm?

AIFO runs a working MT5 platform, publishes detailed rules and names two companies, AIFO Global Ltd in Anjouan and AIFO Holding Limited in Hong Kong. That is not the same as proven payouts: we found only three Trustpilot reviews, and AIFO’s payout totals are self-reported.

What is the most AIFO pays out at once?

AIFO’s payout FAQ sets a $10,000 maximum per request and a $100 minimum. Step accounts can request once every 14 days, or on demand with a paid add-on, until Level 2 of the scaling plan unlocks weekly payouts. The FAQ does not say what happens to a trader share above $10,000 in a single cycle.

Does AIFO really offer a 95% profit split?

Only in narrow cases. Step accounts start at 80%. The split reaches 95% at scaling Level 3, which takes about 12 months and 20 successful payouts, or through an optional add-on whose price is shown only at checkout. The Sprint pays 95% if you make 6% in 24 hours.

Can I scalp or use an EA at AIFO?

EAs are allowed on 1-Step and 2-Step accounts if the strategy is your own. Scalping is restricted: if half or more of your trades last under one minute, AIFO’s restricted-trading FAQ says the account is closed. High-frequency trading is also a closure offence.

This review is independent editorial analysis and is not financial, investment, or trading advice, and is not an endorsement or solicitation. The Industry Spread has no affiliate or referral relationship with the firms covered. Proprietary trading challenges carry a fee that is generally non-refundable, most participants do not reach a funded account, and funded capital is the firm’s capital, not the trader’s. Terms change frequently — always verify current rules directly with the firm before paying any fee.