True Forex Funds is a brand-new prop company which offers forex traders funded accounts with balances ranging from $10,000 to $200,000. Because of the accounts’ excellent trading conditions and 80 percent profit share, it is easy to see why the company has earned a spot right alongside the big-guns on. Learn more by reading on.
Do you presently trade forex or do you intend to trade but are unsure if True Forex Funds actually lives up to its name? While you may feel alone, you are not. I will be happy to provide the best and accurate answers to all your questions and concerns.
On this page, you will find all the up-to-date information you need about True Forex Fund, including answers to all of your questions about them, their evaluations, trading technology, authenticity, profit split, packages, and other frequently asked questions.
About True Forex Funds.
For traders from all over the world who wish to profit from the market without putting their own money at risk, True Forex Funds, based in Hungary, might be the perfect choice you have been looking for. They provide traders with funded accounts starting at $10,000 and going up to $200,000, with the possibility of scaling up to $400,000 for those traders who are producing incredibly consistent outcomes.
Wow! So, do you think the assertion made by the True Forex Fund moniker stand up? Save your breath and keep reading.
They choose interested traders from a broad range of countries through their typical two-phase evaluation procedure to confirm their intentionality, competence, and talent before granting them a seat among the company’s expanding trading community.
Here is the information you were looking for: They are seeking talented people with a competitive edge to trade on their behalf, and you may fit that description. Why not?
Here are a few reasons why trading with True Forex Fund might be right for you:
- With no imposed time constraints, they provide some of the greatest trading circumstances in the prop market, giving traders more time to concentrate on their trading without feeling pressured by deadlines.
- They use cutting-edge technologies to give their customers an excellent trading experience.
- Their clients can access a wide range of top-tier goods and services in one location thanks to a comprehensive dashboard.
- Their clients can quickly transition from demo to live funded accounts because there is no minimum trading day requirement, in contrast to what is the case with several other firms.
- They provide weekend and overnight trading services for the convenience of their clients.
Getting enthusiastic yet? Your next inquiry, which I already know you have, is addressed in this section. Shall we?
You must complete two simple paid challenges, referred to as Phases 1 and 2, before being funded.
If achieved, the profit target will be removed and you will be free to trade the account. However, to allow you to trade wisely, there will still be a maximum drawdown regulation in effect on the account.
The trader is given a demo account during this phase and is required to make an 8 percent profit within 30 days. Who says you must spend thirty? You don’t have to because you can finish much sooner and move on to Phase 2 practically as soon as you hit the 8 percent profit target, all without exceeding the maximum daily and overall drawdown limits!
If you don’t succeed, you forfeit your admission fee for the challenge and you won’t be given another chance without paying again. If you are successful, the following task is presented to you. You must achieve a profit target of 4% on the same demo account within 60 days without breaking the drawdown limitations once more, only to show that the original accomplishment was the result of hard work and not mere chance.
The goal of Phase 2 is to develop their trader’s commitment and sharpen their trading abilities. Other than the different profit percentage, the trader’s actions in Phase 2 are identical to those in Phase 1, and there are no minimum trading days required as well.
The company will then ask the trader to upload the required Know Your Customer (KYC) documentation to authenticate their identity and get ready for a properly funded account if the 4 percent profit target was met. A valid Personal ID, a Selfie, and a valid Proof of Address are the essential documents.
The challenge entrance charge, which fluctuates depending on the size of the demo account the trader selects, is also implied in the “Refundable Fee” section.
A trader’s entry fee is reimbursed if they successfully complete both phases. Only unsuccessful traders incur loss.
The Funded Program is the formal starting point for a trader’s journey toward profit-splitting with the company. It’s interesting that the regulations are simpler for this.
There are no longer any profit targets or trading periods necessary, unlike in the earlier phases. You are left to be on a trading cruise with the only requirement being that of fixed 5% daily and 10% maximum overall loss limit to be maintained. Wish to engage in dealing with them right away? Make the first move by signing up here.
TFF recognizes traders who consistently perform at the highest level by increasing the original deposit of a successfully funded account by 25% every three months. Looks good, doesn’t it? The only criterion is to be profitable on the funded program for at least 2 out of 3 months with an overall profit of 8%.
Another tasty detail is that the loss limitations, which are adjusted to the scaled-up accounts appropriately, remain at their usual levels (5 percent of the Max Daily Loss and 10 percent of the Max Overall Loss) when scaling up.
They don’t have restrictions on trading volume or stop-losses like some other companies do. They merely request that traders control risk in accordance with their Loss Limits.
Is True Forex Funds A Scam Prop Firm?
Now that we have answered a number of other questions, let’s go back to where we left off; can we say that True Forex Funds actually lives up to its name? Is this not yet another shady prop company looking for gullible traders to fleece?
As I alluded to in the introduction, True Forex Fund, founded in 2021, is a relative newcomer to the prop sector and, as of the publication of this article, hasn’t had enough time to establish a solid track record to support its moniker. I may not be able to provide a direct response for the first time since we began this exploration adventure together, but reading the reviewers’ report in the next section may help you make up your mind.
Reviews from active traders help unsure intending traders like you and me to make up our minds in trading with a firm or not, and the best place to get objective reviews on companies is the on the renowned impartial Trust Pilot website. I went there for your sake, and here’s what other traders have to say:
TFF TrustPilot Review
Still unsure? To assist you in making a decision, consider their profit split.
80 percent profit of the revenues from financed accounts can be claimed biweekly by the trader. They have a straightforward withdrawal process that simply involves a few easy steps.
The bi-weekly withdrawal period count starts on the date the first actual trade is made. During the first 14 calendar days cycle, you must trade 5 smartly for days and accrued profits. If those preconditions are not met, you will not receive your profit split at the end of that bi-weekly period
Their company runs an active chat-box that readily attends to customers’ questions on their website. Asides that TFF has no solid FAQ tab. Let’s hope that is because they are still new, and that they fix that sometimes soon.
They offer access to all their accounts on the well-known MetaTrader 4 and MetaTrader 5 platforms.
Signal services are allowed at the trader’s disposal, together with trading tools, indicators, EAs, and bots that help traders perform better. It is worthy of note that hedging and Martingale strategy are also acceptable
As seen above, TFF offers a tab on their website that educates their clients on whatever areas that seem cloudy
TFF offers a unique Dashboard with data and statistics of the overall performance of their traders which helps them in monitoring their growth and progress with ease. Here is an illustration below:
You can contact TFF via any of the following links for more information and details about who they are and what they do: