True Forex Funds Review

True Forex Funds is a burgeoning proprietary trading firm headquartered in Hungary, targeting motivated but undercapitalized traders. Through a rigorous 2-Phase Evaluation Process, they provide funding of up to $400,000. Once you successfully clear their evaluation, they will cover all your losses, reflecting their commitment to your trading success.

Who are True Forex Funds?

Known officially as True Proprietary Funds Kft. (ID: 08-09-033732, VAT: HU27478930), True Forex Funds operates out of 9022 Győr, Hungary. They are dedicated to fostering consistent traders, ensuring they are rewarded with a generous 80% profit split, without any restrictions on trading style. All that matters to them are the loss limits.

Funding Program Options

True Forex Funds offers three distinct types of evaluation program accounts:

1. Standard Evaluation Program Accounts
2. Quick Funding Evaluation Program Accounts
3. Timeless Funding Evaluation Program Accounts

These programs follow the industry-standard two-step evaluation process. You can also choose the funding currency, with options including USD, EUR, and GBP.

Standard Evaluation Program Details

The Standard evaluation program targets serious and talented traders, offering 1:100 leverage across two evaluation phases.

Account Sizes and Prices

Evaluation Phases:

• Phase 1: Achieve 8% profit in 30 calendar days, with 5% max daily loss and 10% max loss rules. Minimum five trading days.
• Phase 2: Achieve 5% profit in 60 calendar days, with 5% max daily loss and 10% max loss rules. Minimum five trading days.
• Funded Account: No profit targets, but you must adhere to the 5% max daily loss and 10% max loss rules. Bi-weekly payouts with 80% profit split.

Scaling Plan:

• Reach 8% profit within three months with at least two profitable months to receive a 25% account increase, e.g., $200,000 to $250,000.

Rules and Requirements:

• Profit Targets: 8% in Phase 1, 5% in Phase 2. No targets for funded accounts.
• Maximum Losses: 5% daily, 10% overall.
• Minimum Trading Days: 5 for both evaluation phases.
• Maximum Trading Days: 30 for Phase 1, 60 for Phase 2.
• Third-party Copy Trading and EA Risk: Carefully consider the use of third-party tools as they may result in denied funding or withdrawal.

Quick Funding Evaluation Program Accounts

True Forex Funds' Quick Funding Evaluation Program is designed to discover exceptional traders who demonstrate consistency and skill. Successful candidates are rewarded through a two-phase evaluation process, with each phase having specific targets and rules.

Quick Funding Evaluation Program Account Details:

Leverage: 1:100

Account Sizes and Prices:

Evaluation Phases:

1. Phase One: Achieve an 8% profit target within 30 calendar days without exceeding 5% daily loss or 10% maximum loss. There are no minimum trading day requirements for moving to the next phase.
2. Phase Two: Attain a 5% profit target within 60 calendar days, adhering to the same loss rules as phase one.

Upon completion of both phases, traders are granted a funded account with no profit targets, following a 5% maximum daily loss and 10% maximum loss guideline. Payouts are scheduled bi-weekly, with the first 14 days from the starting point, and an 80% profit split.

Quick Funding Evaluation Program Account Scaling Plan:

Scaling is available by achieving 8% or more profits within three months, with two out of three months being profitable. The account will increase by 25% of the original balance every three months as follows:

• 3 months: $200,000 → $250,000
• 6 months: $250,000 → $300,000
• 9 months: $300,000 → $350,000

etc.

Limitless Funding Evaluation Program Accounts

True Forex Funds' Limitless Funding Evaluation Program also aims to identify dedicated and talented traders, following a similar structure but with some variations.

Leverage: 1:100

Account Sizes and Prices:

Evaluation Phases:

1. Phase One: Reach an 8% profit target without breaching 5% daily or 10% total loss. No maximum trading day restrictions apply, but a minimum of five trading days must be met.
2. Phase Two: Achieve a 5% profit target with the same loss limits. A minimum of five trading days must be fulfilled.

Upon completion, traders are awarded a funded account following the same payout and profit split structure as the Quick Funding program.

Limitless Funding Evaluation Program Account Scaling Plan:

The scaling plan is the same as the Quick Funding program, allowing for consistent growth over time.

Trading Instruments

For both programs, trading instruments include forex pairs, commodities, indices, and cryptocurrencies.

Additional Features

True Forex Funds provides special features for Standard and Quick Funding evaluation program accounts:

• If phase one’s 30-day trading period expires and free retry conditions are satisfied, new phase one login credentials are issued the next business day.
• If phase two’s 60-day trading period expires under the same conditions, new phase two login credentials are provided without having to restart at phase one.

Risks and Rules

Both programs require awareness of specific rules regarding profit targets, daily and total maximum losses, trading days, and third-party risks related to copy trading and Expert Advisors (EA). Ensure compliance to avoid being denied a funded account or withdrawal.

Whether you choose the Quick Funding or Limitless Funding Evaluation Program, both paths offer comprehensive opportunities for dedicated traders to demonstrate their abilities and grow with True Forex Funds.

What Differentiates True Forex Funds?

True Forex Funds sets itself apart from many top prop firms by providing three distinctive two-step evaluation accounts while ensuring total freedom in your trading style. The firm's flexibility allows trading during news events, holding trades overnight, and even over weekends. The low profit targets and choice between no minimum trading day requirements or unlimited trading periods during evaluations make True Forex Funds an attractive option. Let's delve into the details.

Standard Evaluation Program

True Forex Funds' Standard evaluation program is unique in that it consists of two phases, requiring traders to hit an 8% profit target in phase one and 5% in phase two. It also offers more relaxed trading rules compared to other industry-leading prop firms.

Comparison with Other Prop Firms

Here's how True Forex Funds' Standard program stacks up against others:

Quick Funding Evaluation Program

The Quick Funding evaluation program of True Forex Funds also consists of two phases with identical profit targets as the Standard program, but with no minimum trading day requirements. This program offers more flexibility compared to other top prop firms.

Comparison with Other Prop Firms

Here's how True Forex Funds' Quick Funding program compares:

Limitless Funding Evaluation Program

The Limitless Funding program of True Forex Funds allows traders unlimited trading periods in both evaluation phases and a 5-day minimum trading requirement. This program stands out due to its relaxed trading rules and low profit targets.

Comparison with Other Prop Firms

Here's how the Limitless Funding program stacks up:

True Forex Funds distinguishes itself from leading prop firms by offering three types of two-step evaluation accounts, each tailored to different trader needs. With the flexibility to trade during news, hold trades overnight, and over weekends, low profit targets, and options for no minimum trading day requirements or unlimited trading periods, True Forex Funds indeed offers a unique proposition in the prop trading landscape.

Is True Forex Funds worth choosing?

When you're searching for proprietary trading firms that align with your Forex trading style, it's essential to assess the feasibility of the trading requirements. Some companies may offer attractive profit splits but have unrealistic expectations for gains and drawdowns, making success almost impossible.

Evaluation Programs

1. Standard Evaluation Program: Achieving capital through this program is feasible because of the modest profit targets (8% in phase one, 5% in phase two) and fair loss rules (5% maximum daily, 10% maximum loss). There are also constraints such as a 30-day trading period in phase one and a 60-day trading period in phase two, with at least five trading days required in each phase.
2. Quick Funding Evaluation Program: This program also provides attainable goals with the same profit targets and loss rules as the Standard program, but without any minimum trading day requirements.
3. Limitless Funding Evaluation Program: This program's unlimited trading period in each phase allows for a less pressured approach, though it does have a 5-day minimum trading requirement in each phase.

All three programs from True Forex Funds offer realistic objectives and payout conditions, making them a prime choice for traders looking for funding.

Payment Proof

With True Forex Funds' incorporation in October 2021, many successful traders have shared payment proof on Trustpilot and Discord, demonstrating the company's reliability.

Payouts are processed 14 days after the first trade, with a generous 80% profit split. Traders can email their invoices to invoice@trueforexfunds.com.

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Broker and Trading Platforms used by True Forex Funds

True Forex Funds partners with a tier-1 liquidity provider and offers two trading platforms:

• MetaTrader 4
• MetaTrader 5

Trading Instruments

Trading Fees

MetaTrader 4 Login Details for Spreads:

Platform: MetaTrader 4

Server: TrueProprietaryFunds-DEMO

Login Number: 1109374041

Password: TFFspreads

Download Platform: Download

Education & Support for Traders

While True Forex Funds does not offer structured educational programs for traders, it compensates by fostering an engaged community that encourages learning and collaboration.

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ForexFactory Thread: True Forex Funds maintains an active thread on ForexFactory. This thread is a hub for traders to share experiences, ask questions, and gain insights into the prop firm's functions from various members of the community.

Traders' Comments about True Forex Funds

True Forex Funds has cultivated a loyal and satisfied community, as evidenced by its high ratings and positive reviews.

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Trustpilot: A standout 4.6/5 score based on 941 reviews showcases the prop firm's strengths. Customers often highlight the efficient customer support and the clarity of the system's terms and conditions.

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The practical and straightforward trading objectives and rules have also earned praise.

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Social Media Statistics

True Forex Funds has a considerable presence on various social media platforms, providing ample opportunities for interaction and engagement:

• Facebook: 2.4k followers
• Instagram: 12.2k followers
• YouTube: 1.77k subscribers, 6 videos uploaded
• Twitter: 929 followers
• Discord: Community chat, payouts chat, support chat, and trade ideas chat for diverse and relevant discussions

Support

FAQ Page: If traders have questions or need further clarification, True Forex Funds provides an FAQ page that covers many common inquiries.

Email Support: For personalized assistance, traders can reach out to the support team via email at support@trueforexfunds.com.

Live Chat Support: Available from 7 AM to 3 PM (CE(S)T), the live chat feature offers real-time help and guidance.

Discord Channel: The True Forex Funds Discord channel is more than just a place to discuss topics; it's a community where traders can stay informed, share strategies, and feel connected.

Registration Process

1. Sign up for True Forex Funds.
2. Email verification.
3. Click the "start the challenge" button.
4. Choose your desired challenge details.
5. Choose your payment method.
6. Receive order confirmation.
7. Get login credentials for phase 1.
8. Phase 1 login credentials provided in less than 5 minutes.
9. Access True Forex Funds Phase 1 dashboard.
10. Activate True Forex Funds Phase 1 dashboard.
11. Complete Phase 1.
12. Receive login credentials for phase 2.
13. Phase 2 login credentials provided in less than 24 hours.
14. Access Phase 2 dashboard.
15. Activate True Forex Funds Phase 2 dashboard.
16. Complete Phase 2.
17. Pass the evaluation challenge.
18. Successfully verify your process.
19. Get login credentials for a funded account within 24 hours.

Conclusion

True Forex Funds stands out as a legitimate proprietary trading firm with approachable trading rules and objectives. Whether it's the Standard, Quick, or Limitless evaluation programs, all provide realistic paths to success. This well-established firm caters to a diverse range of trading styles and offers appealing conditions. Therefore, True Forex Funds certainly ranks among the industry's leading proprietary trading firms.

What are your thoughts on the layout of this Proprietary Trading firm? Does True Forex Funds offer the instruments you want to trade? Share your thoughts on our True Forex Funds Proprietary Trading firm review!

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