True Forex Funds Review
4.5

True Forex Funds Review

True Forex Funds is a forex prop firm with an attractive Two-step challenge. They offer up to $200,000 in funding to traders.

True Forex Funds is a forex prop firm with an attractive Two-step challenge. They offer up to $200,000 in funding to traders.

Pros
  • Trustpilot rating: 4.6/5
  • Three two-step evaluation program options
  • Unlimited free retries for evaluations
  • Free retries are applicable for both evaluation phases
  • Limitless Funding offers an unlimited trading period
  • Quick Funding has no minimum trading days requirement
  • Leverage ratio: 1:100
  • Profit share: 80%
  • Overnight and weekend holding permitted
  • News Trading allowed
  • Clear and Fair Rules
  • Limitless Scaling
  • Twice-Monthly Withdrawals
  • No regulations on trading style
Cons
  • RElevated prices for evaluation accounts
  • Maximum daily equity-based drawdown limited to 5%
  • Incurred high commission costs

What are True Forex Funds?

Logo of True Forex Funds

True Forex Funds, officially recognized as TFF International Kft., is a privately-owned trading company founded in October 2021 and located in Gyor, Hungary. CEO Richard Nagy leads the firm. 

True Forex Funds provides many account options, including three two-step assessments and one-step evaluation. The company collaborates with a tier-1 liquidity provider to guarantee the best replicated real market trading circumstances.

The company’s main office is situated at Moricz Zsigmond 1/B, ground floor 14, 9022 Gyor, Hungary. True Forex Funds provides active help to traders in their pursuit of career achievement. 

Traders have complete autonomy to engage in trading activities according to their judgment and maintain positions for any desired duration, without any restrictions on their preferred trading approach. 

The firm’s main emphasis is on implementing loss limitations, with the primary goal of continually attracting and rewarding profitable traders by offering them an outstanding 80% profit split.

Richard Nagy CEO (Chief Executive Officer) at True Forex Funds 

Richard Nagy serves as the Chief Executive Officer of True Forex Funds. The company claims that it shall provide additional details regarding its Chief Executive Officer in the coming days. Remain attentive!

True Forex Funds Funding Programs and Challenges: Rules and Requirements 

True Forex Funds offers traders four distinct funding program options:

  • Standard Offer
  • Quick Funding
  • Timeless Funding
  • One-phase Funding

Standard Offer

offers of True Forex Funds

The True Forex Funds Standard Offer allows traders to manage account sizes ranging from $10,000 to $200,000. The goal is to identify proficient traders who have demonstrated consistent profitability and adept risk management throughout the two-stage evaluation period. The Standard Offer allows traders to utilize leverage of up to 1:100 and gives them the option to choose their account funding in USD, EUR, or GBP.

Account SizePrice
$10,000€89
$25,000€189
$50,000€299
$100,000€499
$200,000€998

During the assessment stage, traders are required to reach a profit target of 10% while following the rules of a maximum daily loss of 3% and a maximum loss of 6%. During the initial phase, traders are given 30 days to achieve the profit objective. 

Furthermore, it is obligatory to engage in at least 5 consecutive days of trading to advance to a funded account.

After completing the evaluation step, traders are granted a funded account without any minimum withdrawal prerequisites. The sole requirements are to adhere to the 3% cap on daily losses and the 6% cap on overall losses. 

The initial payout is made 14 days after the first position is opened on the funded account, and further withdrawals can be made every two weeks. Traders receive a profit split of 80% based on the earnings made in their funded account.

Standard Offer Scaling Plan

The Standard Offer includes a scalability plan as well. To qualify for an account size increase equivalent to 25% of the starting account size, a trader must have achieved profitability in the past three months, with an average return of 8% during that period, and made at least three successful withdrawals.

For instance:

  • 3-month progression for a qualified $100,000 account:
    • Initial: $100,000
    • After 3 Months: $125,000
  • Subsequent 3-month progression for a qualified $125,000 account:
    • After the Next 3 Months: $150,000
  • Following 3-month progression for a qualified $150,000 account:
    • After the Next 3 Months: $175,000

Standard Offer Trading Rules & Objectives

  • Profit Target:
    • Phase 1: Achieve an 8% profit target.
    • Phase 2: Reach a 5% profit target.
    • Funded accounts have no specified profit targets.
  • Maximum Daily Loss:
    • All account sizes: Maximum daily loss limit of 5%.
  • Maximum Loss:
    • All account sizes: Maximum overall loss limit of 10%.
  • Minimum Trading Days:
    • Both evaluation phases: Minimum trading day requirement of 5 days.
  • Maximum Trading Period:
    • Phase 1: Maximum trading period of 30 calendar days.
    • Phase 2: Maximum trading period of 60 calendar days.

Quick Funding

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True Forex Funds Quick Funding offers traders the chance to oversee account sizes that span from $10,000 to $200,000. The objective is to recognize skilled traders who are capable of generating profits and effectively mitigating risk during the two-stage evaluation process. 

The Quick Funding feature enables traders to engage in trading with leverage of up to 1:100. Additionally, it offers the flexibility to select their preferred account funding currency among USD, EUR, and GBP.

Account SizePrice
$10,000€98
$25,000€208
$50,000€329
$100,000€549
$200,000€1,098
  1. Evaluation Phase One:
  • Profit Target: 8%
  • Maximum Daily Loss: 5%
  • Maximum Loss: 10%
  • Time Limit: 30 calendar days
  • No minimum trading day requirements for phase two.
  1. Evaluation Phase Two:
  • Profit Target: 5%
  • Maximum Daily Loss: 5%
  • Maximum Loss: 10%
  • Time Limit: 60 calendar days
  • No minimum trading day requirements for a funded account.
  1. Completion of Both Phases:
  • Compliance: Observe 5% maximum daily loss and 8% maximum loss rules.
  • First Payout: 14 calendar days after placing the first position on the funded account.
  • Subsequent Withdrawals: Bi-weekly intervals.
  • Profit Split: 80% based on the funded account’s profit.

Quick Funding Scaling Plan

  • Eligibility Criteria:
  • Trader profitability in the last three months.
  • Average return of 8% over the three months.
  • Minimum of three successful withdrawals.
  • Account Size Increase: 25% of the initial account size.

Example:

  • After 3 Months: Qualified $100,000 account increases to $125,000.
  • After the Next 3 Months: The qualified $125,000 account increases to $150,000.
  • After the Next 3 Months: Qualified $150,000 account increases to $175,000.

Timeless Funding

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True Forex Funds Timeless Funding offers traders the chance to oversee account sizes ranging from $10,000 to $200,000. The objective is to recognize skilled traders who are capable of generating profits and effectively handling risk over the two-stage evaluation period. 

The Timeless Funding option offers traders the opportunity to utilize leverage of up to 1:100. Additionally, traders have the flexibility to select their preferred account funding currency from a choice of USD, EUR, and GBP.

Account SizePrice
$10,000€98
$25,000€208
$50,000€329
$100,000€549
$200,000€1,098

During the review process, the first phase requires traders to accomplish a profit target of 8%, while also guaranteeing that they do not surpass the maximum daily loss of 5% or violate the maximum loss limit of 10%. It is important to note that there are no specific limits on the number of trading days required during phase one. 

However, traders must participate in at least five trading days to go to phase two. During the second phase, the profit objective is reduced to 5%, and the same limitations on maximum daily loss and maximum loss still apply. 

Similar to phase one, there are no explicit constraints on the maximum number of trading days. However, traders are required to engage in trading activities for a minimum of five days for them to advance to a funded account.

After finishing both assessment processes, traders are rewarded with a funded account that does not have any minimum withdrawal limits. Adherence to the 5% daily loss limit and 10% maximum loss regulations is obligatory. 

The first payment is set to occur 14 days after traders open their first position on the funded account, and subsequent withdrawals can be made every two weeks. Traders are eligible to receive 80% of the earnings made in their funded account as a profit split.

Timeless Funding Scaling Plan

Timeless Funding additionally possesses a strategy for expanding its operations. To qualify for an increase in account size, a trader must have achieved profitability over the past three months, with an average return of 8% during that period, as well as at least three successful withdrawals. The increase in account size will be equal to 25% of the initial account size.

For example:

  • After three months, an account with a value of $100,000 experiences an increase and reaches a total of $125,000.
  • Within the next three months, the value of a qualifying account of $125,000 will rise to $150,000.
  • After three months, an eligible account with a value of $150,000 will increase to $175,000.

One-phase Funding

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True Forex Funds One-phase Funding allows traders to manage account sizes ranging from $10,000 to $200,000. The goal is to find disciplined traders who are profitable and can manage risk effectively throughout a one-step evaluation period. 

The One-phase Funding lets traders trade with leverage up to 1:30 while also having the option of funding their account in USD, EUR, or GBP.

Account SizePrice
$10,000€89
$25,000€189
$50,000€299
$100,000€499
$200,000€998

During the evaluation phase, traders must accomplish a 10% profit target while adhering to the 3% maximum daily loss and 6% maximum loss rules. In terms of time limits, there is a 30-day timeframe to achieve the profit target in phase one, as well as a requirement to trade for at least 5 calendar days to move to a funded account.

Traders obtain a funded account with no minimum withdrawal requirements after completing the evaluation process. The 3% maximum daily loss and 6% maximum loss regulations must be followed at all times. 

The initial payout comes 14 calendar days after traders place their first position on the funded account, and future withdrawals can also be filed biweekly. Traders are entitled to an 80% profit split on earnings produced in their funded account.

One-phase Funding Scaling Plan

  • Single-phase The funding encompasses a strategy for expanding the scope and impact of the project.
  • Requirements for increasing the size of an account:
  • Profitability of traders over the past three months.
  • The three-month period yielded an average return of 8%.
  • A minimum of three successful withdrawals.
  • The account size increases by 25% of its initial value.

For instance:

  • After three months, the account that initially had a balance of $100,000 has grown and now stands at $125,000.
  • After the next three months, the qualified account with a balance of $125,000 will increase to $150,000.
  • Projected growth: The qualified account with a balance of $150,000 is expected to climb to $175,000 within the next 3 months.

True Forex Funds Broker: Do They Use a Reliable Platform? 

It is critical to analyze the feasibility of achieving their trading requirements when assessing proprietary trading organizations that correspond with the forex trading style. While a firm’s high percentage profit share on a generously endowed account may appear enticing at first, the practicality lessens if it expects considerable monthly profits alongside modest maximum drawdown percentages, reducing the possibility of success. 

Examining time limits is also important, with an unrestricted trading period providing a considerable advantage by removing the stress associated with time constraints. Furthermore, familiarizing with all trading rules throughout the evaluation and subsequent funding stages is critical to reducing the chance of accidentally breaching their trading account terms.

The Standard Offer provides a realistic route for collecting funds in the context of True Forex Funds, owing to its below-average profit targets (8% in phase one and 5% in phase two) and average maximum loss regulations (5% maximum daily and 10% maximum loss). 

Notably, the maximum trading time in phase one is 30 calendar days, and 60 calendar days in phase two, with a minimum trading day requirement of 5 calendar days. Participants who complete both evaluation rounds are eligible for rewards with an excellent profit split of 80%.

Similarly, Quick Funding and Timeless Funding provide realistic prospects for receiving funds, with profit targets that are lower than usual and maximum loss criteria that are lower than typical. Quick Funding has no minimum trading day criteria in phase two, but Timeless Funding has no maximum trading day restrictions and a 5 calendar day minimum trading day need.

With an average profit aim of 10% and average maximum loss limits, one-phase funding gives a viable channel for capital receiving. Notably, the maximum trading duration is 30 calendar days, with a 5 calendar day minimum trading day requirement. Participants who complete the evaluation process are eligible for rewards with an advantageous profit split of 80%.

Finally, True Forex Funds appears as a highly recommended option, providing four distinct funding programs with realistic trading objectives and payout conditions. The availability of three two-step evaluations and one one-step evaluation adds to the financing programs’ flexibility and applicability.

True Forex Funds Fees: How Much Do They Charge? 

Trading Commission

Trading InstrumentCommission Fee
Forex7 USD / LOT
Commodities3.5 USD / LOT
Indices0.32 USD / LOT
Crypto5.69 USD / LOT

Education for Traders- 

True Forex Funds does not provide any additional instructional programs. However, the prop firm maintains an active thread on ForexFactory, offering an opportunity to gain additional information about the organization via the ForexFactory platform’s broader community.

True Forex Funds Proof of Payment:

True Forex Funds is a well-established proprietary trading organization that was incorporated in October 2021. It has a proven history of providing successful payouts to its funded traders. Proof of these payments can be easily found in Trustpilot ratings and the firm’s Discord channel, where many payout certifications from traders are prominently displayed. 

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Payouts, with an attractive 80% profit distribution, are executed 14 days following the commencement of the initial trade on the Funded Trader account. The company enables smooth and efficient processing, guaranteeing that dealers receive their payments on the very same day. 

Individuals who choose not to withdraw their earnings within the 14-day timeframe have the opportunity to continue trading on the account until the next profit split occurs. If there are no earnings at the time of withdrawal, the trading term is automatically prolonged. 

To streamline the invoicing system, traders must submit an invoice to invoice@trueforexfunds.com, including all the requisite information provided by the firm.

True Forex Funds Customer Support: 

True Forex Funds are also available on social media. 

They possess

  1. Facebook: 

The True Forex Funds community has found a lively home on Facebook, where the firm’s Facebook page boasts 6.7k followers. This page works as an interactive platform for discussions, sharing experiences, and seeking guidance. It’s a testament to True Forex Funds’ dedication to creating a supportive trading environment.

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  1. Instagram:

True Forex Funds has a booming Instagram presence, with 37.3k followers. This platform provides a visual voyage into the world of trading, as well as a unique viewpoint on the firm’s actions and accomplishments. It serves as a source of inspiration for merchants as well as a means of staying connected to the community.

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  1. YouTube:

True Forex Funds takes pride in its dynamic YouTube channel, which has garnered 5.12k subscribers. Featuring 60 informative videos, the channel serves as a valuable resource for traders at various skill levels. Offering a blend of educational content and insights into the trading realm, the YouTube channel adds a visual dimension to True Forex Funds’s comprehensive offerings.

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  1. Twitter: 

True Forex Funds has cultivated a vibrant community of 12.9k followers on Twitter. This platform serves as a dynamic space for real-time updates, news, and interactive discussions within the trading community. Following their Twitter account provides traders with the opportunity to stay abreast of the latest developments and engage in conversations with like-minded individuals.

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  1. FAQs Page and Support:

True Forex Funds has a FAQ page that can provide traders with the information they need. If the traders can’t find what you’re looking for, they can contact their support team or join their Discord channel. Customers can reach out to their support team on social media or via email at support@trueforexfunds.com. They also offer live chat support from 7 AM to 3 PM (CE(S)T). To stay up to date and communicate with the rest of the True Forex Funds community, it’s recommended that you join their Discord channel.

What Makes True Forex Funds Unique? 

True Forex Funds offers four distinct account types, including three two-step evaluations and a one-step evaluation. Noteworthy features of these accounts include limitless trading periods (Timeless Funding) and no minimum trading day requirements (Quick Funding). 

Additionally, traders can receive their first withdrawal after just 14 calendar days, with subsequent bi-weekly payouts. The Standard Offer from True Forex Funds follows a two-step evaluation process for eligibility for payouts. Phase one requires traders to achieve an 8% profit target, with a 5% maximum daily loss and a 10% maximum loss. Traders must also meet a minimum trading day requirement of 5 days, with a maximum trading period of 30 calendar days. 

Phase two has a 5% profit target, with the same maximum daily and maximum loss rules, a 5-day minimum trading day requirement, and a maximum trading period of 60 calendar days. The Standard Offer also provides a unique scaling plan, allowing traders to handle larger account sizes. 

Notably, the Standard Offer enables traders to withdraw their earnings after only 14 calendar days, with bi-weekly payouts thereafter. This sets it apart from other offers in the industry.

For instance- 

Trading ObjectivesTrue Forex Funds (Standard)Finotive Funding
Phase 1 Profit Target8%7.5%
Phase 2 Profit Target5%5%
Maximum Daily Loss5%5%
Maximum Loss10%10%
Minimum Trading Days5 Calendar DaysNo Minimum Trading Days
Maximum Trading PeriodPhase 1: 30 Calendar DaysPhase 2: 60 Calendar DaysPhase 1: UnlimitedPhase 2: Unlimited
Profit Split80%75% up to 95%

Which Broker Is Used by True Forex Funds?

True Forex Funds does not work with any major brokerage firms. They have partnered with a tier-1 liquidity provider that offers the best simulated real-time trading conditions. To trade, customers can choose between MetaTrader 4 or MetaTrader 5 as their preferred trading platform.

True Forex Funds Reviews: What Do Their Customers Say?

Trustpilot:

True Forex Funds has received positive feedback from its community. They have a big variety of their community responding and offering favorable comments on Trustpilot, and they have a terrific score of 4.6/5 out of 2,697 reviews. In their reviews, their community generally praises their quick and dependable customer service as well as the system’s functionality.

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#1. According to Aleksandr, this is his first time working with the TFF prop firm, and he can confidently state that they are the best. He is overjoyed that he completed the entire task on the first try. He will continue to strive to trade prudently to achieve my objectives while also not disappointing the TFF firm. 

And he would want to express his gratitude to this company for the outstanding trading circumstances and client approval. He also wishes them continued success and hopes that no sanctions or wars prohibit them from working productively and serving clients from all around the world.

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#2. According to Valdes, TFF has enhanced its client service.

He discovered opportunities for development while working with a True Proprietary Funds broker: 1) Many of my trades were rejected; 2) Some trades were closed as SL even though the price was not even close. He assumes a second spread is taken on an SL, why? ; 3) certain operations did not close when the price reached the target. 

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#3. According to Jamaal, True forex funds have significant potential, with spreads on EURUSD starting at 0.0 pips and no slippage! Customer service and rewards are where they fall short, at least in his experience. Nothing happened after requesting a direct deposit and waiting 10 business days.

He had to email assistance three times about the problem. He continued getting a generic message saying that his information had been transferred to the appropriate department and that they would contact him via email. 

He never received a response to his email, but after the third support request, he was informed that his payment had failed and was instructed to submit a wallet address to proceed with the payment, which he did the same day. He likes dealing with True Forex funds, so perhaps this is a one-time occurrence.

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#4. Jorge Garcia stated that once traders receive their second reward, they should not try to get funded with this prop business. They tell them any justification to get completely banned, so traders can’t even log in to their accounts. 

He’s heard it before, but it’s now becoming a reality for me as well. They informed him that he had signed in from many IP addresses. Of course, he makes use of his phone, his home, and his workplace. This is a complete hoax. Could someone help tell me where he can report this to an official institution?

Thanks. 

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#5. Ola Elkerm claims that he needs to inform all traders that this is not a trusted company at all, and he is sorry to say that they are a scammer because they refuse to provide the funded account after two trials in which he passed phases 1 and 2 without any violations. 

Instead of receiving his funded account, they sent him an email saying that they couldn’t issue the account for any reason, and when he asked why, they said to protect confidentiality, and they refused to give me the account, so 

Please keep in mind that they refuse to give any evidence or proof and insist on closing the account.

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Conclusion

True Forex Funds is a trustworthy proprietary trading organization that provides traders with a variety of evaluation systems. The firm offers its traders flexibility and reasonable goals. The evaluation programs are divided into three categories: standard, quick, & limitless funding. 

All programs are evaluated in two stages, with traders required to achieve 8% profit targets in phase one and 5% profit targets in phase two. The regimens have rigorous criteria that limit maximum daily losses to 5% and maximum losses to 10% within a 30-day and 60-day period, respectively, for phases one and two.

Quick Funding does not demand a minimum trading day, however, Limitless Funding provides for an infinite trading term, making it a more comfortable evaluation experience. True Forex Funds also features a simple program with a 10% profit target if traders prefer a one-phase strategy. The program follows the 3% daily and 6% maximum loss restrictions.

Traders in all programs benefit from an 80% profit split as well as the ability to scale their accounts. True Forex Funds is a well-established and industry-leading proprietary trading organization that offers outstanding circumstances for traders of various kinds.

Account size up to:
$200,000
Profit Split Up to 80%
*Choose your account type and start trading

4.0
Fees
5.0
Trading Platforms
4.0
Deposit and Withdrawal
5.0
Customer Support
4.5 Overall Rating

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True Forex Funds Review
4.5/5
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