Established in 2021, True Forex Funds is a Forex prop firm based in Hungary. In the first nine months of 2023, it paid out more than $30 million to traders from more than 110 nations. A one-phase funding method has been introduced by True Forex Funds. An 80% profit share will be distributed to traders, with payouts typically arriving in less than a day. Additionally, bitcoin transactions are accepted by the prop trading company. I looked at this Forex prop company to assess how competitive the market is and how well-funded it is.
True Forex Funds Overview
| Headquarters | Hungary |
| Year Established | 2021 |
| Trading Platform(s) | MetaTrader 4, MetaTrader 5 |
| Minimum Evaluation Fee | €89 |
| Profit-share | 80% |
| Daily Loss Limit | 5% |
| Maximum Trailing Drawdown | 10% |
| Funded Account Options | 5 |
| Minimum Funded Account | $10,000 |
| Maximum Funded Account | $200,000 |
Pros and Cons of True Forex Funds
| Pros | Cons |
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True Forex Funds’s Safety and Trustworthiness
Despite being among the more recent prop trading companies—True Forex Funds was created in 2021—they do not want to con traders. In contrast, based on 2,237 reviews, they have a 4.7 out of 5.0 rating on Trustpilot.
TFF International Kft., registration number 08-09-034894m, is the owner and operator of True Forex Funds. Its address is 9022 Győr. In Hungary, Móricz Zsigmond rkp. 1/B. fszt. 14. The company’s chairman and CEO, Richard Nagy, is someone we would like to get more information on.
Our review of True Forex Funds revealed no unethical behavior or fraud. They are a prop trading company that traders should take a deeper look at, in my cautious opinion. Its quick withdrawal processing and less than 24-hour delivery of funds show stability. Despite having a short operational history, True Forex Funds has done a good job running its company since its founding.
True Forex Funds Features
True Forex Funds adheres to industry best practices that are replicated throughout the relatively new Forex prop company sector.
At True Forex Funds, the following stand out:
- One-step or two-step evaluation with a profit target of 10% and 8%/5%, respectively
- No restrictions on the minimum or maximum amount of trade
- Trading platforms for MT4 and MT5
- Maximum leverage of 1:100
- A 3% to 5% daily loss limit
- A 6% to 10% total loss limit
- 80% profit share
- Algorithmic trading and HFT tactics enabled
- Refundable evaluation charge
- Less than 24 hours is the average withdrawal arrival time
- 40 currency pairs, including exotics and emerging markets
- 6 commodities
- 13 indices
- 30 bluechip equity CFDs
- 28 cryptocurrencies
- USD, EUR, and GBP accounts
Fees and Profit Sharing
Depending on the chosen funded account size and evaluation type, traders must pay a one-time evaluation cost. True Forex Funds provides five funding alternatives with refundable evaluation fees ranging from €89 to €998. Please keep in mind that once accepted, traders cannot adjust the account value, thus if they qualify for a $10,000 account, they will manage a $10,000 portfolio.
True Forex Funds has a maximum profit share of 80%, which is near the top of the range. During the review period, profit targets are among the lowest in the business, and there is no minimum requirement for sponsored traders. As a result, I consider True Forex Funds to be one of the top prop trading organizations for traders to open a funded account and begin earning.
| Type of fee | Fee (without discounts) |
| One-time evaluation fee for a $10,000 funded account (the smallest one) | €89 |
| Hold-over-the-weekend | Not applicable |
| Double leverage | Not applicable |
| Stop-loss not required at trade entry | Not applicable |
| Total one-time fees for a $10,000 MT4 account | €89 |
True Forex Funds Account Types
True Forex Funds has five account types with sub-account choices that include one-phase or two-phase verification, rapid funding, which eliminates the 5-day minimum trading day requirement, and timeless financing, which eliminates the 60-day maximum trading days to accomplish profit targets.
The maximum funded account balance is $200,000, however, portfolio scaling allows it to be increased to $2,500,000. The evaluation charge is determined by the desired account balance and parameters, and traders are unable to change it once the review process begins. Except for the lower profit target requirements, the trading regulations adhere to well-established industry standards. True Forex Funds also refunds the evaluation charge to all traders who are accepted as prop traders.
How To Open An Account With True Forex Funds?
Get your login information by registering, then get started trading straight away! Before becoming funded traders, True Forex Funds clients must finish their evaluation process. To develop proficiency, profitability, and tenacity must be put to the test. They will establish a funded account following the conclusion of the evaluation procedure.
Trading Rules Of True Forex Funds
When prospective prop traders select their chosen assessment account settings and pay the evaluation charge, the True Forex Funds evaluation begins. The profit targets for the two-phase challenge are 8% and 5%, respectively, compared to 10% for the one-phase option. Minimum and maximum trading day requirements might range from 5 to 60 days, or even limitless days in some situations.
Trading rules violations result in disqualification, although traders with time-limited accounts who do not breach the trading rules are eligible for unlimited free retrials.
The True Forex Funds Challenge trading regulations are as follows:
- Loss cap of 5% per day (two-step verification).
- Limit of 3% per day on losses (one-step verification).
- Maximum overall loss of 10% (two-step verification).
- Maximum total loss of 6% (one-step verification).
- 30 days of one-phase verification, requiring at least five trade days.
Trading Platform
True Forex Funds provides the MT4/MT5 trading platforms but does not list its brokers. It mentions that it collaborates with prominent liquidity providers and cryptocurrency exchanges, but it keeps potential traders in the dark, which I think is unfortunate.
The largest leverage is 1:100, and True Forex Funds offers spreads starting at 0.0 pips with no commission fees. The selection of liquid assets is ideally suited to aggressive short-term traders, who are the core focus of most prop trading firms. I appreciate the inclusion of investor login information in MT4/MT5, which helps traders assess trading conditions without placing orders.
Customer Support
True Forex Funds’ customer service is available 24 hours a day, seven days a week via live chat and e-mail, but we recommend the FAQ section, which is situated under “Assistance,” as it addresses many questions. The company does not have a direct line to the finance department, where most problems can emerge, but the overall attitude to customer service is positive.
Alternative To True Forex Funds
| Prop Firm Details | Lux Trading Firm | True Forex Funds | FundedNext |
| Year Founded | 2020 | 2021 | 2022 |
| Offices Location | London, UK | Hungary | Ajman, UAE |
| Maximum Balance | $10,000,000 | $200,000 | $4,000,000 |
| Keep First Profits | Challenge Fee | No | Registration Fee + 15% Evaluation Profits |
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Final Thoughts
True Forex Funds has a high rating on Trustpilot and is one of the top prop firms for traders to pass their evaluation. True Forex Funds is a relatively young organization, but it has the potential to considerably increase its market share over time, and we can suggest it to prop traders.
