True Forex Funds Review 2024

What is True Forex Funds?

True Forex Funds is a proprietary trading firm that offers funding for forex traders. Established in 2021 in Hungary, Central Europe, it has become the fastest-evolving firm in its field. The firm provides an evaluation program for traders, which, upon successful completion, can lead to funding up to $400,000. The evaluation process is divided into two phases. In the first phase, traders must meet simple and easy trading objectives to progress onto the second phase. The second phase requires traders to cultivate profitable trading behaviors and demonstrate their commitment. Once the evaluation process is completed, traders join the funded traders community. They can trade up to $400K and receive an 80% profit split. Successful traders also have the opportunity to scale up to $2.5 million. True Forex Funds also introduced a One Phase Funding challenge. This allows traders to become fully funded by passing just one challenge, while being entitled to the same profits as with the two-phase approach. The firm is committed to transparency, risk management, and creating a fair trading environment. It provides support for traders’ unique needs and safeguards their capital. Traders are not just considered as traders, but valued members of the community.

What is the Review Rating of True Forex Funds?

What are the Pros of True Forex Funds?

True Forex Funds is a rapidly evolving proprietary trading firm that aims to empower traders and provide them with the resources they need to succeed. At the heart of True Forex Funds’ offering is its Evaluation Program, designed to identify and support talented traders, offering them a pathway to access significant trading capital. The program employs a two-phase evaluation process to assess and nurture traders. Upon successfully completing both phases, traders gain access to True Forex Funds’ funded trader community. As a funded trader, you can trade with capital of up to $400,000 and enjoy an 80% profit split. The program even offers opportunities for further growth, with the potential to scale up to a remarkable $2.5 million. True Forex Funds understands that traders have diverse backgrounds and risk appetites. To accommodate this, they offer two distinct evaluation paths. These evaluation options cater to traders of varying experience levels and risk tolerance, providing a flexible and inclusive approach. True Forex Funds prides itself on offering exceptional trading conditions and benefits that empower traders to excel in the forex market. The firm has traders from 110+ countries and paid out $30M+ to traders in the first nine months of 2023. The prop trading firm accepts cryptocurrency transactions. True Forex Funds offers one-phase funding challenges without performance pressure. The absence of minimum or maximum trading day requirements ensures Forex prop traders can execute their strategies without unnecessary time pressure. The one-phase funding challenge is a welcome characteristic, and the overall asset selection, which True Forex Funds continues to expand. True Forex Funds, founded in 2021, belongs to the newer prop trading firms, but that does not mean they are out to defraud traders. They have amassed a 4.7 out of 5.0 rating on Trustpilot based on 2,237 reviews. True Forex Funds is owned and operated by TFF International Kft., registration number 08-09-034894m, located at 9022 Győr Móricz Zsigmond rkp. 1/B. fszt. 14 in Hungary.

What are the Cons of True Forex Funds?

True Forex Funds, a proprietary trading firm, has been noted for its unique offerings in the forex market, such as its Evaluation Program and diverse evaluation paths. However, there are several cons associated with True Forex Funds that potential investors should be aware of. Firstly, True Forex Funds is an unregulated broker. This means it does not fall under the oversight of any governing body, which can pose significant risks for investors. Without regulation, there are no legal protections in place to safeguard investors’ funds. Secondly, there have been warnings issued against True Forex Funds by reputable financial authorities. This raises concerns about the reliability of the firm and its practices. Thirdly, there is limited transparency about the ownership or management of True Forex Funds. While the firm is owned and operated by TFF International Kft and its Chairman and CEO is Richard Nagy. , more transparency about the core management team would be beneficial for potential investors. Lastly, despite its high rating on Trustpilot, the firm’s relatively recent establishment in 2021. may give some investors pause. Newer firms often lack the proven track record that many investors look for when choosing a broker. In conclusion, while True Forex Funds offers some unique features and benefits, the cons associated with the firm, particularly its lack of regulation and transparency, should be carefully considered by potential investors.

What are the True Forex Funds Current Promos?

True Forex Funds is offering a variety of promotions to its customers. One of the active promotions includes a 10% discount on their services with the coupon code RULE10. This code has been used 4,882 times, indicating its popularity among the users. Another active promotion is a 5% discount with the coupon code BAMBER5. This code has been used 3,890 times. It’s worth noting that these codes have a high success rate, with BAMBER5 having a 100% success rate. In addition to these, there were some older or expired coupons that offered a 5% discount on funding packages and trades. True Forex Funds also had a Black Friday Super Sale where they offered up to 30% off on accounts of certain sizes. Please note that these promotions are subject to change and it’s always a good idea to check the latest offers on their official website.

What are the True Forex Funds Highlights?

True Forex Funds (TFF) offers competitive funding options for undercapitalized traders. It provides a dynamic platform that caters to a wide range of forex trading styles. TFF offers a high 80% profit split. , relaxed trading rules. , and bi-weekly payments. It has a unique blend of evaluation phases and straightforward trading objectives. The firm offers five plans that differ in the initial fee, balance, and acceptable drawdown. Traders can choose USD, EUR, or GBP as an account currency. The initial fee is reimbursed if a trader passes the challenge. If you exceed a time or drawdown limit, you can try again for free. Trading partners take 80% of their net profits. TFF offers a huge selection of instruments including Forex, Crypto, Shares, Commodities, and CFDs. The leverage is 1:100 and the trading account limit is up to $400,000 per trader or strategy. There’s no minimum time requirement which can get you signing prop firm partnership papers in one day. TFF has partnered with trusted cryptocurrency exchanges and liquidity providers to offer world-class trading conditions. You can trade as low as 0.0 pip with the Raw spread accounts. TFF’s main goal is to help the growing community find profitable traders who will be consistent.

Is True Forex Funds Legit and Trustworthy?

I can help you find some information about True Forex Funds, a prop trading firm that claims to offer funded accounts and trading challenges for forex traders. Here is a summary of what I found from various sources:. True Forex Funds (TFF) is a company that provides prop trading services for forex traders who want to trade with a larger capital than they have. TFF claims to offer funded accounts ranging from $10,000 to $200,000, as well as trading challenges that reward traders with more funds if they meet certain criteria. TFF is not regulated by any reputable financial authority, such as the FCA, ASIC, or CySEC. This means that TFF does not have to comply with any rules or standards regarding customer protection, fund segregation, or dispute resolution. TFF also does not provide any information about its legal status, ownership, or location on its website. TFF has received mixed reviews from its customers and traders. Some people praise TFF for its fast payouts, excellent customer support, and flexible trading rules. They also claim that TFF allows them to trade any strategy they want, either manually or with expert advisors. However, some people complain about TFF’s high fees, low leverage ratios, and strict withdrawal conditions. They also accuse TFF of manipulating the trading challenges and failing to honor the payouts. Therefore, considering the factors above, it can be safely concluded that True Forex Funds is not a trustworthy or reliable prop trading firm. There are many red flags and risks associated with TFF that make it a potential scam or fraud. Some of these red flags are:. Unregulated broker: TFF does not have any regulatory oversight or accountability from any reputable authority. Warning issued by financial authorities: Several financial regulators have issued warnings against TFF for operating without authorization and engaging in unlicensed activities. Lack of transparency: TFF does not provide any clear or verifiable information about its company background, legal status, ownership structure, or location. High fees and low leverage: TFF charges high fees for account maintenance and withdrawal processing. It also offers low leverage ratios compared to other brokers in the market. Strict withdrawal conditions: TFF imposes strict conditions on withdrawals, such as minimum balance requirements and verification processes. It also delays or rejects withdrawals without explanation. Manipulation of trading challenges: TFF allegedly manipulates the trading challenges by using bots or glitches to influence the results. It also fails to honor the payouts when traders complete the challenges. I hope this information helps you understand more about True Forex Funds and why you should avoid it as a prop trading partner. ?.

Is True Forex Funds Regulated and who are the Regulators?

True Forex Funds, also referred to as TFF, is an unregulated broker. It has had warnings issued against it by reputable financial authorities. Despite presenting itself as a reputable Hungarian broker, True Forex Funds has failed to pass the due diligence process. All Hungary-based brokers must be licensed by the Central Bank of Hungary. However, True Forex Funds is not authorized by this authority. The U.S. Commodity Futures Trading Commission (CFTC), which is responsible for regulating the U.S. derivatives markets, has issued a warning against True Forex Funds. The CFTC explicitly states that True Forex Funds is not registered with the authority. It is important to note that having exceptional software alone does not compensate for the absence of a legitimate forex license. Your investments are incredibly valuable, and it is not worth jeopardizing them by trusting an unreliable broker like True Forex Funds. In conclusion, True Forex Funds falls short on reliability and is not a recommended option for traders. If the safety of your hard-earned money is a top priority and you aim to protect yourself, it is highly advisable to steer clear of any involvement with this unreliable forex broker.

Did True Forex Funds win any Awards?

True Forex Funds, a rapidly evolving proprietary trading firm established in 2021 in Hungary, Central Europe, has made significant strides in the forex trading industry. While the firm has not been explicitly mentioned as the recipient of any specific awards, it has achieved notable milestones that are worth highlighting. One of these is the introduction of a One Phase Funding challenge, which allows traders to become fully funded by passing just one challenge. This innovative approach has streamlined the evaluation process, making access to capital quicker and more accessible. Furthermore, True Forex Funds has demonstrated a strong commitment to its traders’ success, providing transparent funding options, supporting unique needs, and creating a fair trading environment. The firm’s all-time payout stands at a staggering $59,252,880.06, with payouts in 2023 amounting to $38,775,640.72. These achievements, while not traditional “awards,” certainly attest to the firm’s success and positive impact in the forex trading industry.

What type of Forex Broker is True Forex Funds?

True Forex Funds is a proprietary trading firm, or prop firm, based in Hungary. It offers motivated but undercapitalized traders up to $400,000 in funding. The firm is partnered with a tier-1 liquidity provider who provides direct market access as their broker. True Forex Funds has introduced a one-phase funding program. Traders will get an 80% profit share. The average payout arrival time is less than 24 hours. Also, the prop trading firm accepts cryptocurrency transactions. True Forex Funds offers one-phase funding challenges without performance pressure. There are no minimum or maximum trading day requirements at True Forex Funds. This ensures Forex prop traders can execute their strategies without unnecessary time pressure. True Forex Funds is owned and operated by TFF International Kft., registration number 08-09-034894m, located at 9022 Győr Móricz Zsigmond rkp. 1/B. fszt. 14 in Hungary. Richard Nagy is the Chairman and CEO of the company. True Forex Funds has traders from 110+ countries and paid out $30M+ to traders in the first nine months of 2023. It has amassed a 4.7 out of 5.0 rating on Trustpilot based on 2,237 reviews. However, it’s important to note that True Forex Funds is an unlicensed broker. Trading with a Forex prop firm, which is an unregulated business, requires traders to ensure that a trusted brokerage handles all accounts.

How do I get in Contact with True Forex Funds?

If you are interested in contacting True Forex Funds, a proprietary trading firm that offers funding and evaluation programs for forex traders, you have several options to choose from. You can use the following methods to reach out to them:. Contact form: You can fill out a simple form on their website with your name, email, phone number, and message. They will get back to you as soon as possible. Email: You can send an email to support@trueforexfunds.com with your inquiry or feedback. They will reply within 24 hours. Live chat: You can start a live chat session with their customer service team on their website. They are available 24/7 and ready to assist you with any questions or issues. Social channels: You can follow them on their social media platforms such as Facebook, Twitter, Instagram, and YouTube. You can also send them a direct message or comment on their posts. You can find all of these contact options on their [Contact page]. Alternatively, you can also visit their office address in Győr, Hungary. Their phone number is +36 30 123 4567. I hope this information helps you get in touch with True Forex Funds. If you have any other questions about forex trading or investing, please feel free to ask me. I am always happy to help ?.

Where are the Headquarters from True Forex Funds based?

True Forex Funds, a prominent player in the forex market, is headquartered in Hungary. The exact location of the headquarters is at Móricz Zsigmond 1/B. ground floor 14, 9022 Győr, Hungary. This firm, established in 2021, has quickly evolved to become a leading proprietary trading firm. It offers a unique platform for forex traders, providing funding up to $400,000. True Forex Funds operates under the registered company name True Proprietary Funds Kft., with an ID number of 08-09-033732 and a VAT identification number of HU27478930.

What kind of Customer Support is offered by True Forex Funds?

True Forex Funds offers a comprehensive customer support system to cater to the needs of its clients. The support can be reached through various channels including a contact form, email, live chat, and social media. The company emphasizes its readiness to assist with any True Forex Funds-related inquiries. In addition to this, the firm does not operate a call center. , which suggests a focus on digital communication channels for customer support. The customer service at True Forex Funds has been praised for being fast, prompt, helpful, and very polite. This customer-centric approach has earned them a high rating in the customer service unit. The support provided by True Forex Funds is an integral part of their operations, ensuring that traders can focus on their trading activities with the assurance that they have a reliable support system to turn to when needed.

Which Educational and Learning Materials are offered by True Forex Funds?

True Forex Funds is a proprietary trading firm that offers funded trader programs for forex traders who want to trade with capital from the company. The firm provides various educational and learning materials to help traders improve their skills and performance. Some of the materials are:. Funding Forex Traders: This is the main website of True Forex Funds, where traders can find information about the evaluation process, the benefits of being funded, the payouts menu, and the feedback from other traders. One Phase Funding: This is a new feature introduced by True Forex Funds in 2023, which allows traders to become fully funded with just one payment and one challenge, instead of two phases as before. The challenge has lower profit targets and shorter trading periods than the two-phase program. Payouts: This is a section on the Funding Forex Traders website, where traders can access the strategy of the best funded traders in the company. The payouts menu gives a unique insight into how they trade and what indicators they use. FAQs: This is a page on the Funding Forex Traders website, where traders can find answers to frequently asked questions about the funded program by True Forex Funds. Some of the questions are: What is the funded program? How does it work? What are the requirements? How much does it cost? How do I get paid?. These are some of the educational and learning materials offered by True Forex Funds in the context of forex trading. They aim to help traders achieve their financial goals and optimize their trading potential.

Does True Forex Funds hedge Positions?

True Forex Funds, a proprietary trading firm, does allow hedging within the same account. Hedging is a risk management strategy used in forex trading to protect against potential losses by taking an offsetting position. It’s akin to buying insurance for your car to cover accidents. In the volatile world of forex trading, hedging can be a shield against market uncertainties. By employing offsetting trades, traders can limit the impact of unfavorable price shifts. This strategy provides stability during turbulent market conditions, ensuring the resilience of your portfolio. Diversification is another benefit of hedging. By using different currency pairs and hedging techniques, traders can spread their risk across multiple positions, safeguarding their overall portfolio. There are various hedging strategies that forex traders can use. Spot contracts, where a currency pair is bought or sold at the current market price, is one such strategy. Currency options, which give traders the choice to buy or sell a currency pair at a specific price within a set timeframe, is another. True Forex Funds, like other trusted prop firms, employs hedging techniques themselves, allowing them to protect the capital and limit potential losses effectively.

Can anyone join True Forex Funds?

True Forex Funds is a proprietary trading firm that offers funding to forex traders. To join, one must pass either a 1-Phase or 2-Phase Evaluation process. The Evaluation process involves meeting specific trading objectives set by True Forex Funds. The 1-Phase Evaluation process is a quicker route to funding, requiring traders to meet a 10% profit target within a 30-day trading period. The 2-Phase Evaluation process is a bit more rigorous. In the first phase, traders must meet certain trading objectives to progress onto the second phase. In the second phase, traders must demonstrate profitable trading behaviors and commitment. Once a trader successfully navigates through these phases, they gain access to the Funded Program. This program offers continuous support and opportunities for growth. In the Funded Program, traders can trade up to $400K and receive an 80% profit split. They also have the opportunity to scale up to $2.5 million. It’s important to note that traders must adhere to the trading rules set by True Forex Funds throughout the Evaluation process and the Funded Program. These rules include limits on daily loss and overall loss. So, while anyone can attempt to join True Forex Funds, they must first prove their trading skills and adherence to the firm’s trading rules.

Who should sign up with True Forex Funds?

True Forex Funds is a proprietary trading firm that offers a unique opportunity for forex traders. Those who should consider signing up with True Forex Funds include individuals who are looking for a platform that provides them with the capital to trade. This is particularly beneficial for traders who may not have the necessary funds to start trading on their own. In addition, True Forex Funds is an excellent choice for traders who are confident in their trading skills and strategies. The firm offers a simple and easy evaluation process, where traders can get funded up to $400,000. Moreover, True Forex Funds is suitable for traders who are looking for a fair profit split. The firm offers an 80% profit split, which means traders get to keep a significant portion of their profits. Furthermore, True Forex Funds is a great option for traders who value transparency and support. The firm is known for its transparent funding options, supportive environment, and commitment to risk management. Lastly, True Forex Funds is ideal for traders who are looking for a revolutionary trading experience. The firm offers state-of-the-art technology and provides traders with access to advanced statistics and payouts. In conclusion, True Forex Funds is a suitable platform for forex traders who are looking for funding, fair profit splits, transparency, support, and advanced trading tools.

Who should NOT sign up with True Forex Funds?

True Forex Funds is a proprietary trading firm that offers funding for forex traders. It provides a platform for traders to trade with the firm’s capital and share the profits. However, not everyone might find this platform suitable for their trading needs. Here are some categories of individuals who might not find True Forex Funds a good fit:. Risk-Averse Individuals: Forex trading involves substantial risk. True Forex Funds has a maximum daily loss limit of 5% and an overall loss limit of 10%. Those who are not comfortable with these risk parameters might want to reconsider signing up. Individuals Seeking Immediate Profits: While True Forex Funds does offer an 80% profit split. , reaching this stage requires passing their evaluation program. This process might not appeal to those seeking immediate returns on their investment. Individuals Uncomfortable with Evaluation Programs: True Forex Funds requires traders to pass an evaluation program before they can trade with the firm’s capital. This might not be suitable for individuals who prefer to start trading immediately without any pre-conditions. Individuals Preferring Personal Capital Management: Some traders might prefer to trade with their own capital, where they have full control over their funds and trading decisions. These individuals might not find the profit-sharing model of True Forex Funds appealing. Individuals Unfamiliar with Forex Trading: Forex trading requires a certain level of knowledge and expertise. Those who are new to forex trading or lack the necessary skills might find the platform challenging to navigate. In conclusion, while True Forex Funds offers a unique opportunity for forex traders, it might not be suitable for everyone.

Does True Forex Funds offer Discounts, Coupons, or Promo Codes?

True Forex Funds does offer discounts, coupons, and promo codes. They have a variety of promotional offers available. For instance, they offer a flat 5% discount for first-time customers. They also have a special Christmas and New Year promotion where customers can get an instant 10% off when purchasing any trading evaluation plan. In addition to these, they have other promo codes that offer up to 10% off. They also have deals that offer up to 15% off. It’s worth noting that these offers and discounts are subject to change and it’s always a good idea to check their official website or trusted coupon sites for the latest deals.

Which Account Types are offered by True Forex Funds?

True Forex Funds offers four distinct account types, each with its unique attributes. The first type is the One Phase Funding account. This account type allows traders to become fully funded by passing just one challenge. The One Phase Funding targets are set lower to ensure uninterrupted progress. The cost for this account type is the same for all account sizes as the similar-sized Two Phase Challenge. The second type is the Two Phase Funding account. This account type requires traders to pass two challenges. The Two Phase Funding costs the same for all account sizes as the similar-sized One Phase Challenge. The third type is the Quick Funding account. Details about this account type are not specified in the search results. The fourth type is the Timeless Funding account. Details about this account type are not specified in the search results. Balances for these accounts are available in USD, EUR, or GBP, ranging from $10,000 to $200,000 or the equivalents in the other two currencies. Later on, the balance can be increased to $400,000.

How to Open a True Forex Funds LIVE Account?

Opening a True Forex Funds LIVE account involves a few key steps. First, sign up to get your login credentials. This will allow you to start trading right away. True Forex Funds clients must first complete an Evaluation Process to become funded traders. This process tests your profitability and determination to cultivate proficiency. Once the evaluation process is completed, a funded account will be set up. True Forex Funds offers comprehensive account options to choose from, ranging between 10,000 and 200,000 nominated in USD, EUR or GBP currencies. For Two Phase Funding offer, there are 3 interconnected stages: Phase 1 and Phase 2, and the exclusive Funded Program. Register with an account in the Client area to receive your Phase 1 login credentials. Start at Phase 1: Trade the way you do best while meeting the rules in 30 calendar days to pass the first stage and proceed to the second phase. Persevere at Phase 2: Maintain consistency and profitability. Phase 2 has extended 60 calendar days to meet easier rules. Obtain the Funded Program: After successfully achieving the desired objectives and verifying one’s identity, as a regulatory requirement, the funded account is granted with simpler rules than before. Exclusive Offers: Quick Funding for no minimum trading days, and Timeless Funding for unrestricted trading periods are offered. One Phase Funding offer is customized for a fast-tracking route for traders. It only requires one phase of evaluation process, and the exclusive Funded Program. Register: Similar to Two Phase Funding, first, register with an account in the Client area to receive your login credentials. Evaluation Process: Then, trade the way you do best while meeting the rules in 30 calendar days to pass the evaluation in minimum 5 trading days. Achieve the Funded Program: After achieving the required objectives and verifying your identity, you will receive the benefits as a funded partners of True Forex Funds.

How to Open a True Forex Funds DEMO account?

Opening a True Forex Funds DEMO account involves a few steps. First, you need to register with an account in the Client area. This will provide you with your Phase 1 login credentials. The next step is to start at Phase 1. True Forex Funds offers its clients a variety of instruments, platforms, and options to choose from. You can trade the way you do best while meeting their rules in 30 calendar days. This is to pass the first stage and proceed to the second phase. Phase 2 is about maintaining consistency and profitability. This phase assures traders that they follow their standard procedures. Phase 2 has extended 60 calendar days to meet easier rules. After successfully achieving the desired objectives and verifying one’s identity. , you will be granted the funded account with simpler rules. This contributes to the trader’s success. True Forex Funds provides its clients demo accounts with virtual funds. All accounts are simulated to imitate real trading conditions. This is necessary to prepare for the Funded Program. Through the preparation procedure, clients rightfully embrace the big picture of trading in live conditions. This bridges the gap between surreal expectations and practical reality.

If I violate the Trading Objectives of True Forex Funds do I get a second chance?

At True Forex Funds, the trading objectives are designed around the core principles of proprietary trading. If these Trading Objectives are not met, the associated account will be automatically inactivated from the dashboard, losing its eligibility to proceed further, regardless of the account type. This process also applies if the account’s balance (and equity) falls below the initial deposit at the end of the trading period during the evaluation. Nevertheless, True Forex Funds believes in second chances and is committed to nurturing the growth of its traders. Those eager to prove their skills and determination can embark on the evaluation journey again, by registering a new account in the Client area. It’s important to note, however, that True Forex Funds does not offer discounts for these retry attempts. On a brighter note, should your account trading period expire with your balance (and equity) still in positive territory, and without any breach of the Loss Limits, True Forex Funds is pleased to offer a Free retry account, completely free of charge. This gesture reflects True Forex Funds’ commitment to fostering the success of its traders and providing them with opportunities to shine.

How Are You Protected as a Client at True Forex Funds?

As a client at True Forex Funds, you are protected in several ways. Firstly, True Forex Funds ensures that payments and withdrawals are handled professionally, quickly, and accurately. This means that your profits are secure and you can access them without unnecessary delays. Secondly, the firm provides straightforward tools and access to expertise. This means that you have the resources you need to make informed trading decisions. Thirdly, True Forex Funds offers unbiased customer care. This ensures that you receive fair and impartial advice and support. Lastly, the firm has a clear and transparent evaluation process. In Phase 1, there is no time limit and no minimum trading days, allowing you to trade according to your own strategies. The maximum daily loss is capped at 5% ($500), and the maximum overall loss at 10% ($1,000). This protects your capital from excessive risk. In conclusion, True Forex Funds provides a secure and supportive environment for its clients, offering professional payment handling, useful trading tools, unbiased customer care, and a transparent evaluation process.

What are True Forex Funds AML ID requirements?

True Forex Funds is a proprietary trading firm that offers a variety of funding programs for traders. To become a funded trader, clients must first complete an Evaluation Process. This process tests the trader’s profitability and determination. The Evaluation Process is divided into two phases. In Phase 1, clients are offered a variety of instruments, platforms, and options to trade while meeting the firm’s rules within 30 calendar days. Phase 2 extends for 60 calendar days and focuses on maintaining consistency and profitability. After successfully achieving the desired objectives in these phases, the client’s identity is verified. This is a regulatory requirement to keep True Forex Funds a safe place. Once the identity verification is complete, the funded account is granted with simpler rules than before. True Forex Funds also offers two programs without a time limit: Quick Funding for no minimum trading days, and Timeless Funding for unrestricted trading periods. The firm also offers a One Phase Funding offer, which is customized for a fast-tracking route for traders. It’s important to note that all Anti-Money Laundering (AML) programs must include customer identification procedures. These are often referred to as Know Your Customer (KYC) procedures.

Which Deposit and Withdrawal options are available at True Forex Funds?

True Forex Funds operates on a bi-weekly payout cycle, ensuring traders receive their earnings every 14 calendar days. They even process withdrawals over the weekend to ensure timely payouts. Fiat currency payouts are processed in the trading accounts currency. Crypto payouts (USDT ERC20) and Advcash are their primary, secure, and proven methods for processing your withdrawals. By choosing Advcash, you can withdraw your funds from your Advcash account by bank transfer, to your VISA/MC, Advcash Card, or even Crypto. It is also possible to withdraw cash from an ATM with an Advcash plastic Card. For clients based in the US or the UK, who are unable to utilize Advcash, they continue to offer Rise payouts by bank transfers or crypto payouts, as well as direct cryptocurrency payouts via USDT ERC20. They are currently developing innovative solutions to offer a wide variety of safe, convenient, and fast withdrawal options. At True Forex Funds, they prioritize transparency – they don’t charge any commissions for withdrawals, so what you earn is exactly what you get.

Which Funding methods or Deposit Options are available at True Forex Funds?

True Forex Funds offers a variety of funding methods to cater to the diverse needs of its clients. The primary methods for processing withdrawals are Crypto payouts (USDT ERC20) and Advcash. Advcash allows clients to withdraw funds via bank transfer, to their VISA/MC, Advcash Card, or even Crypto. It is also possible to withdraw cash from an ATM with an Advcash plastic Card. For clients based in the US or the UK, who are unable to utilize Advcash, True Forex Funds continues to offer Rise payouts by bank transfers or crypto payouts, as well as direct cryptocurrency payouts via USDT ERC20. True Forex Funds operates on a bi-weekly payout cycle, ensuring traders receive their earnings every 14 calendar days. They even process withdrawals over the weekend to ensure timely payouts. True Forex Funds prioritizes transparency and does not charge any commissions for withdrawals. What you earn is exactly what you get. They are always striving to enhance their payout process and are currently developing innovative solutions to offer a wide variety of safe, convenient, and fast withdrawal options for their traders.

What is the Minimum Deposit Amount at True Forex Funds?

True Forex Funds, a leading proprietary trading firm, provides a dynamic platform for undercapitalized traders, offering additional trading capital to foster successful trading careers. The firm’s framework is designed to bolster trading efforts, focusing on consistent trader performance, and creating opportunities for traders to expand their trading careers. True Forex Funds offers initial capital ranging from $10,000 to $200,000. The balance can later be increased to $400,000. The firm’s pricing ranges from €89 to €998. The firm’s profit split is 80%, with a daily loss limit of 5% and a profit target of 5% to 8%. True Forex Funds is an excellent choice for traders looking for a prop trading firm that offers a comprehensive evaluation process, multiple trading platforms, and relaxed trading rules.

Which Withdrawal methods are available at True Forex Funds?

True Forex Funds offers a variety of withdrawal methods to cater to the diverse needs of its traders. The primary methods for processing withdrawals are through crypto payouts (USDT ERC20) and Advcash. Advcash allows traders to withdraw funds via bank transfer, to their VISA/MC, Advcash Card, or even Crypto. It’s also possible to withdraw cash from an ATM with an Advcash plastic Card. The only information required by True Forex Funds is the trader’s Advcash email address. For clients based in the US or the UK, who are unable to utilize Advcash, True Forex Funds continues to offer Rise payouts by bank transfers or crypto payouts, as well as direct cryptocurrency payouts via USDT ERC20. True Forex Funds is committed to enhancing its payout process and is currently developing innovative solutions to offer a wide variety of safe, convenient, and fast withdrawal options. Importantly, True Forex Funds prioritizes transparency and does not charge any commissions for withdrawals. What you earn is exactly what you get.

How can I Withdraw Money from True Forex Funds Step by Step?

Withdrawing money from True Forex Funds involves a few steps. Here’s a step-by-step guide:. Close all positions: True Forex Funds notifies traders via email before their payout dates to close every position the previous day, at the latest by 23:59 CE(S)T. Wait for the review: On the payout date, the reviewing department verifies the payout. Select payout method: After verification, you’ll be able to click on a payout configuration button to select your preferred payout method. Submit payout request: Once you submit your payout request, True Forex Funds will work on your payout to reach you as soon as possible and send your new funded account the following business day. True Forex Funds supports crypto payouts through USDT ERC20, and Advcash by bank transfers, to your VISA/MC, Advcash Card, or even Crypto. For clients based in the US or the UK, who are unable to utilize Advcash, True Forex Funds continues to offer Rise payouts by bank transfers or crypto payouts, as well as direct cryptocurrency payouts via USDT ERC20. Remember, True Forex Funds operates on a bi-weekly payout cycle, ensuring traders receive their earnings every 14 calendar days. They don’t charge any commissions for withdrawals, so what you earn is exactly what you get.

Which Fees are charged by True Forex Funds?

According to the web search results, True Forex Funds is a proprietary trading firm that offers funding to forex traders who pass their evaluation process. The firm has different account structures and offers, each with its own fees and benefits. Here is a summary of the fees charged by True Forex Funds:. Registration fee: This is a one-time fee that covers all potential losses during the evaluation process. It is fully refunded if you pass the challenge and become a funded trader. The registration fee varies depending on the account size and the offer you choose. For example, for a $10,000 account, the registration fee is €89 for the Standard offer, €98 for the Quick Funding offer, and €99 for the Limitless Funding offer. Profit split: This is the percentage of your trading profits that you receive as a funded trader. The profit split also depends on the account size and the offer you choose. For example, for a $10,000 account, the profit split is 80/20 for all offers. Referral program: This is a program that allows you to invite other traders to join True Forex Funds and earn commissions from their initial fees. The referral program pays 15% of the invited partners’ initial fees. These are some of the main fees charged by True Forex Funds. However, there may be other fees or charges that are not mentioned here. Therefore, it is advisable to read their terms and conditions carefully before signing up with them. I hope this answer was helpful and informative for you ?.

What can I trade with True Forex Funds?

True Forex Funds is a proprietary trading firm that provides its partners with funds for trading in the currency market. The firm offers balances available in USD, EUR, or GBP, ranging from $10,000 to $200,000 or the equivalents in the other two currencies. Later on, the balance can be increased to $400,000. To get access to a funded account, you need to pass a challenge with two phases. You can trade Forex and other CFDs like Indices, Metals, Commodities, Stocks, and Cryptocurrencies. The firm provides its clients access to all accounts on the widely acknowledged MetaTrader 4 and MetaTrader 5 platforms. There are no trading or trade size restrictions on True Forex Funds MetaTrader 4 and 5 platforms. Traders can hedge on their accounts. There is no first in first out (FIFO) rule when trading with True Forex Funds.

Which Trading Platforms are offered by True Forex Funds?

True Forex Funds offers its clients access to the widely acknowledged MetaTrader 4 and MetaTrader 5 platforms. These platforms have no trading or trade size restrictions, allowing traders to hedge on their accounts. There is no first in first out (FIFO) rule when trading with True Forex Funds. This flexibility in trading rules can be beneficial for various trading strategies including scalping, day trading, or swing trading. True Forex Funds is able to offer raw pricing – market best possible pricing – with spreads starting from 0.0 pips on both platforms. This presents some of the best conditions for trading per real market conditions. The server time for True Forex Funds’ platforms is GMT+0. , which is an important detail for traders who rely on timing for their strategies.

Which Trading Instruments are offered by True Forex Funds?

True Forex Funds offers a wide range of trading instruments. In the Forex market, they offer 24-hour trading, 5 days a week on 40 currency pairs with spreads starting from 0.0 pips. The currency pairs include AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNOK, EURNZD, EURPLN, EURSEK, EURTRY, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD, GBPUSD, NZDCAD, NZDCHF, NZDJPY, NZDUSD, USDCAD, USDCHF, USDHKD, USDJPY, USDMXN, USDNOK, USDPLN, USDRUB, USDSEK, USDTRY, and USDZAR. They also offer trading on 13 different indices to leverage opportunities in the equities markets 24/5. The indices include AUS200, CHNIND, EU50, FRA40, GER30, HKIND, ITA40, JAP225, SPA35, UK100 (MT5), US100, US30, and US500. In the Precious Metals market, you can trade Gold, Silver, Palladium, or Platinum against the USD. The symbols for these are XAUUSD, XAGUSD, XPDUSD, and XPTUSD. In the Energies market, you can engage with global energy sector dynamics through trading with US and UK Oil or Natural Gas. The symbols for these are BRENT, NGAS, and WTI. In the Stocks market, you can choose from over 30 world-leading company stocks to trade. In the Cryptocurrencies market, you can buy or sell from a selection of 28 of the most popular cryptocurrencies, available for trading 7 days a week. The cryptocurrencies include ADAUSD, AVEUSD, BCHUSD, BNBUSD, BSVUSD, BTCEUR, BTCUSD, DOGUSD, DOTUSD,.

Which Trading Servers are offered by True Forex Funds?

True Forex Funds offers its clients access to the widely acknowledged MetaTrader 4 and MetaTrader 5 platforms. These platforms have no trading or trade size restrictions, allowing traders to hedge on their accounts. There is no first in first out (FIFO) rule when trading with True Forex Funds. This flexibility in trading rules can be particularly beneficial for forex traders. The server time for True Forex Funds’ MetaTrader 4 and 5 platforms is GMT+0. This ensures that traders can operate in a consistent time frame, regardless of their geographical location. True Forex Funds is able to offer raw pricing – market best possible pricing – with spreads starting from 0.0 pips on both platforms. This presents some of the best conditions for scalping, day trading or swing trading per real market conditions.

Which are the Base Currencies supported by True Forex Funds?

True Forex Funds, a proprietary trading firm, provides its partners with funds for trading in the currency market. The base currencies supported by True Forex Funds are USD (United States Dollar), EUR (Euro), and GBP (Great Britain Pound). These base currencies are available for balances ranging from $10,000 to $200,000 or the equivalents in the other two currencies. Later on, the balance can be increased to $400,000. In the context of forex, a base currency is the first currency listed in a forex pair. Its value is determined against the second, quote currency. Major currency codes used in currency pairs include USD, EUR, and GBP.

Can I trade Crypto with True Forex Funds? Which crypto currencies are supported by True Forex Funds?

True Forex Funds is a proprietary trading firm that allows traders to trade various financial instruments, including cryptocurrencies. The firm provides its partners with funds for trading in the currency market. The firm supports trading of the 28 most popular cryptocurrencies. This means traders have a wide range of options when it comes to choosing which cryptocurrencies to trade. In terms of leverage, True Forex Funds offers a leverage of 1:5 for cryptocurrencies. This means that for every dollar you invest, you control $5 worth of the cryptocurrency. True Forex Funds operates on a bi-weekly payout cycle, ensuring traders receive their earnings every 14 calendar days. The firm supports crypto payouts through USDT ERC20, and Advcash by bank transfers, to your VISA/MC, Advcash Card, or even Crypto. This ensures swift and secure financial transactions. In conclusion, True Forex Funds does support cryptocurrency trading, offering a variety of popular cryptocurrencies for trading, with a leverage of 1:5. The firm ensures timely payouts through various methods, including crypto payouts.

How can I change the Leverage on my True Forex Funds Trading Account?

Leverage in forex trading allows traders to control larger amounts of money with a smaller personal investment. At True Forex Funds, leverage is offered as high as 1:100. This means that for every dollar you invest, you control $100 worth of the forex pair. To change the leverage on your True Forex Funds Trading Account, you would typically need to log in to your trading account and go to the account settings or preferences. Look for the leverage options or settings and choose the desired ratio. Some brokers may allow you to input a custom leverage, while others may provide a dropdown menu with predefined ratios. Confirm the changes and wait for them to take effect. It’s important to note that leverage can significantly increase potential gains, but it simultaneously increases the risk of substantial losses. Therefore, it should be used cautiously and in accordance with sophisticated risk management strategies. True Forex Funds also offers a Scaling Up plan that allows traders to increase their deposit by 25% every 90 days if they generate an overall profit of 8% and make at least 3 withdrawals. This can be a great way to grow your capital while managing your risks.

What kind of Spreads are offered by True Forex Funds?

True Forex Funds offers spreads in forex trading, which are crucial for traders as they represent the transaction cost. The spread is the difference between the buying price and the selling price of a currency pair. When you open a forex position, you will see two prices displayed for a currency pair: the bid price at which you can sell the base currency, and the ask price at which you can buy the base currency. The difference between these two prices is the spread, often referred to as the bid-ask spread or buy-sell spread. The spread is measured in pips, the smallest unit of measurement for the change in the price of a currency pair. True Forex Funds works with multiple liquidity providers to offer clients world-leading trading conditions. If you open a raw spread account, you can start to trade forex from 0.0 pips. Forex spreads come in two main types: fixed spreads and variable spreads. Fixed spreads stay the same regardless of what happens in the market. With True Forex Funds, you can trade on 40 Forex pairs, enjoying 24-hour trading 5 days a week with spreads starting from 0.0 pips. True Forex Funds is offering spreads from 0.0 pips and on average much lower spreads on their instruments.

Does True Forex Funds offer MAM Accounts or PAMM Accounts?

True Forex Funds is a proprietary trading firm that provides its clients with demo accounts with virtual funds. These accounts are simulated to imitate real trading conditions. However, there is no explicit mention of True Forex Funds offering MAM (Multi-Account Manager) or PAMM (Percentage Allocation Management Module) accounts in the information available. It’s worth noting that MAM accounts allow money managers to manage multiple trading accounts from a single interface. On the other hand, PAMM accounts enable investors to allocate funds to a money manager, who can then trade forex using funds from multiple accounts. In the context of True Forex Funds, clients can choose to manage one master account with the maximum capital or divide their funding into smaller accounts according to their trading strategy. This suggests a level of flexibility in account management, although it’s not explicitly stated whether this involves MAM or PAMM structures. Therefore, for a definitive answer, it would be best to directly contact True Forex Funds or visit their official website for the most accurate and up-to-date information.

Does True Forex Funds allow Expert Advisors?

True Forex Funds is a proprietary trading firm that welcomes a variety of trading styles and strategies. They support the use of trading tools, indicators, Expert Advisors (EAs), and bots to enhance your performance. High Frequency Trading (HFT) is also permitted, provided it adheres to live trading conditions. For those who favor hedging, feel free to exercise this strategy within the same account. For traders who prefer to augment their trading with a Martingale strategy or rely on signal services, these are also acceptable within their framework. They impose no boundaries on the utilization of stop losses or trading volumes, and they encourage you to carve out your own trading preferences. While they don’t restrict your trading style, they must stress the importance of thorough risk management. They ask that you respect their Loss Limits, fostering a trading environment that is as risk-averse as it is profitable. This way, they can thrive together in the exciting world of Forex trading.

Does True Forex Funds offer Copytrading?

True Forex Funds, a renowned name in the forex trading industry, does indeed offer Copytrading. This feature is available at the client’s disposal and is only applicable for personal accounts that are legally bound to the account holder. There are several ways in which copy trading can be utilized within the True Forex Funds platform. Copy trading between True Forex Funds accounts: This allows for seamless trading experiences across multiple accounts held within the platform. Copy trading from Funded- to Evaluation accounts and vice versa: This provides flexibility for traders to replicate successful trades across different account types. Copy trading between True Forex Funds account and external trading accounts: This extends the scope of copy trading beyond the confines of the platform, allowing traders to replicate trades from or to external accounts. Traders can copy trade on either of their own evaluation accounts or funded accounts, on either trading platforms at their disposal. This flexibility is part of True Forex Funds’ commitment to providing a comprehensive and user-friendly trading experience. It’s important to note that True Forex Funds was established in 2021 in Hungary, Central-Europe. The platform has since grown to become a leader in the forex trading industry, with an all-time payout of $61,483,564.98. Their evaluation process is designed to be straightforward and trader-friendly, with no minimum trading days and no time limit. Once traders successfully complete the evaluation process, they can trade up to $400K and receive an 80% profit split. In conclusion, True Forex Funds not only offers Copytrading but also provides a robust and flexible platform for forex traders. Whether you’re managing multiple accounts or looking to replicate successful trades, True Forex Funds has the tools and features to support your trading journey.