True Forex Funds Review
Summary
True Forex Funds Prop Firm is an established and reputable proprietary funds trading broker
Read 100% Free True Forex Funds Review by Scamorno Team
Details
| Platform | True Forex Funds Prop Firm |
|---|---|
| Website URL | www.TrueForexFunds.com/PropFirm |
| Trial | Start Trial |
| Overall Score | 9.5/10 |
FULL REVIEW OF True Forex Funds Prop Firm
Are you currently thinking about joining the True Forex Funds Prop Firm and are they really a legitimate prop trading firm for trading a wide variety of assets including indices, Forex, oil, metals and cryptocurrencies? From our first exploration of True Forex Funds, we have found that the firm facilitates a straightforward introduction into prop firm utilization for trading. We also found the support, user-friendly interface, and reliability of True Forex Funds to be exceptional, contributing to the establishment of high standards in the industry. Today, they are widely acknowledged as an industry leader when it comes to prop firm trading.
Regarding the withdrawal process, we found it to be both uncomplicated and reliable, with nothing to complain about. This positive experience adds to our overall favorable impression of True Forex Funds, portraying them as a leader in the industry, offering a seamless and reliable platform for those entering the world of prop firm trading.
Visit True Forex Funds Prop Firm Website
What Are The True Forex Funds Rules?
The proprietary trader affiliated with True Forex Funds extends financial support to its trader partners for engaging in currency market trading. Partner balances are accessible in USD, EUR, or GBP, with a range spanning from $10,000 to $200,000 or their equivalents in the other two currencies. Notably, the balance can be raised later to reach $400,000.
The challenge comprises two phases, each featuring 8% and 5% profit targets. Following the successful completion of the challenge, there are no restrictions on trading strategies or the number of trading days. Monitoring daily and overall drawdowns is the only requirement. The profit split, set at 80/20, favors the trader, and True Forex Funds Prop Firm does not impose monthly fees. Initial fees are the only charges, fully refundable upon successful challenge completion.
True Forex Funds Prop Firm incorporates a referral program with standard payouts equivalent to 15% of the initial fees paid by the partners invited into the program. The firm operates with complete transparency, regularly updating the payouts register. Clients are provided the flexibility to trade on platforms such as МТ4, МТ5, or cTrader.
Key Features:
- Account currency options: USD, EUR, GBP
- Minimum deposit: €89
- Leverage: Individual
- Spread: Unavailable
- Instruments: Limited to currency pairs
- Margin Call / Stop Out: Not applicable
What Are The True Forex Funds Payout Methods?
As of September 2023, True Forex Funds Prop Firm has announced a temporary adjustment to its payout methods. The company has temporarily deactivated its previous payout platform, Deel, and substituted it with direct bank transfers. It is important to note that crypto payouts remain unaffected and continue to operate seamlessly.
Traders with pending and unresolved payouts through the Deel platform will find assurance in the ongoing process of resetting these transactions. In the near future, they will have the opportunity to update their payout preferences through their respective client areas.
In light of these changes, clients situated within the SEPA (Single Euro Payments Area) zone are urged by True Forex Funds Prop Firm to confirm the compatibility of their provided bank accounts with USD. Failure to do so might result in delays in the arrival of their payouts. However, traders holding multi-currency accounts need not be concerned, as this requirement does not affect them.
True Forex Funds Prop Firm is actively engaged in implementing new solutions to enhance the withdrawal experience for its clientele. The company aims to introduce multiple withdrawal options, potentially including instant settlements in the coming months. This strategic move is anticipated to significantly expedite the payout process, providing traders with a more efficient and flexible experience.
Traders are encouraged to stay informed about further updates from True Forex Funds Prop Firm as the company diligently works towards offering improved withdrawal options and faster settlement times. This commitment underscores the company’s dedication to meeting the evolving needs of its clients in the dynamic world of forex trading.
True Forex Funds FAQ
Is True Forex Funds Prop Firm Legitimate?
The legitimacy of True Forex Funds (TFF) is affirmed, with a burgeoning reputation in the prop trading world. Despite being relatively new to the prop trading scene, TFF has garnered trust through numerous verified payouts and a commendable standing among prop traders.
Can Anyone Join True Forex Funds Prop Firm, Including Americans?
True Forex Funds welcomes participants from diverse backgrounds, including Americans, and currently boasts a global presence with traders from 110 different countries.
Does True Forex Funds offer discounts or promo codes?
When it comes to discounts or promo codes, TFF typically does not offer them; however, any future promotions will be promptly shared.
How do you pass the True Forex Funds Prop Firm’s evaluation?
The evaluation process to secure a funded trading account with TFF involves a two-phase assessment. The first phase necessitates achieving an 8% profit within 30 days, adhering to a 5% daily loss limit and a 10% overall loss limit. The second phase extends a 60-day period to attain a 5% profit target, with the same loss limits in effect.
What trading platforms can you use with True Forex Funds Prop Firm?
For trading platforms, TFF currently operates exclusively on MT4 and MT5, with plans to integrate cTrader in the upcoming months.
Is True Forex Funds Prop Firm regulated?
While True Forex Funds is not regulated, a common characteristic among prop trading firms offering funded accounts, they operate outside the broker/dealer classification.
What can I trade with True Forex Funds Prop Firm?
In terms of tradable assets, TFF offers a diverse portfolio, including 30 stocks, 28 cryptocurrencies, 13 equity indices, metals, energies, and a variety of CFDs, in addition to 40 currency pairs.
How do I contact True Forex Funds Prop Firm?
Contacting True Forex Funds is facilitated through various channels. Headquartered in Hungary, they offer live chat support on their website 24 hours a day, five days a week. Additionally, they can be reached via email at support@trueforexfunds.com or through traditional mail at Bajcsy-Zsilinszky út 27, 3rd floor office, 9021, Győr, Hungary.
If I violate the trading objectives do I get a second chance?
TFF extends second chances exclusively to profitable traders who fall short of profit targets but remain within trading rules and loss limits.
Consumer Alert Regarding True Forex Funds Prop Firm
The success of True Forex Funds Prop Firm has given rise to many frauds who try to sell their own fake prop firm challenges in its name. This is a big issue as many customers have lost their money in joining from such fake sites. It is advised that customers should be really careful when they are joining and should do some research before they join from any website. To spot these, watch out and avoid sites that claim to write about True Forex Funds Prop Firm, yet the write-up is completely garbage and unreadable as they are created by software and spammed all over the internet. It is always better to avoid joining from any other site other than the official one. Therefore, it is highly advised that consumers do careful research, or only join from the site from the official website here – http://TrueForexFunds.com/PropFirmOfficial (link opens in a new window). The official website that they have includes the legitimate platform.
True Forex Funds Prop Firm Preview: (to pause video, simply tap/click on it)