“Unlock Financial Potential: True Forex Funds for Optimal Returns”

At True Forex Funds, traders are actively supported in their professional growth and encouraged to excel in their careers. Traders have the freedom to exercise their trading decisions and maintain positions for desired durations, as there are no restrictions on trading styles. The primary focus lies on managing loss limits, while the overarching objective is to engage skilled traders who consistently deliver results, thereby granting them a substantial 80% profit split as a token of appreciation.

Who are True Forex funds?

True Forex Funds is a recently established proprietary trading firm headquartered in Hungary. The company aims to support ambitious traders who may have limited capital resources by providing funding opportunities of up to $400,000. In this arrangement, traders receive 80% of the profits generated while benefiting from a strategic partnership with a tier-1 liquidity provider, which grants them direct market access through a reputable brokerage.
True Forex Funds operates as a registered entity known as True Proprietary Funds Kft., with the official identification number 08-09-033732 and a VAT identification number of HU27478930.
The company’s physical offices are situated at Móricz Zsigmond 1/B, ground floor 14, 9022 Győr, Hungary.

The founding program options:

True Forex Funds offers its trader’s the following evaluation program accounts to choose from.

Evaluation program accounts:

Phase one of the evaluation process necessitates traders to achieve an 8% profit target while adhering to the maximum daily loss of 5% and the maximum loss of 10% rules. Within 30 calendar days from the initiation of their first position in the evaluation account, traders must reach the specified profit goal. Additionally, they must engage in a minimum of five trading days to progress to phase two.

Phase two of the evaluation process entails traders attaining a 5% profit target without exceeding the maximum daily loss of 5% or the maximum loss of 10% rules. Traders must accomplish the profit target within 60 calendar days from the initiation of their first position in the evaluation account. Similar to phase one, they must participate in a minimum of five trading days to advance to a funded account.

Upon successfully completing both evaluation phases, traders will be granted a funded account, where profit targets are no longer applicable. They will only be required to adhere to the maximum daily loss of 5% and the maximum loss of 10% rules. The first payout will occur 14 calendar days after the first position is placed in the funded account, and subsequent payouts will be issued on a bi-weekly basis. Traders will receive 80% of the profits generated from their funded account.

It is worth mentioning that True Forex Funds offers a unique opportunity for a free retry in both evaluation phases:

If the trading period of a phase one account expires after 30 calendar days but the conditions for a free retry are met, the trader will receive new phase one login credentials on the following business day.

If the trading period of a phase two account expires after 60 calendar days but the conditions for a free retry are met, the trader will receive new phase two login credentials on the following business day, thereby allowing them to proceed directly to phase two without starting over from phase one.

Evaluation program accounts also have a scaling plan. You are required to reach a profit target of 8% or more within a three-month period where two out of the three months were profitable. You will receive an account increase of 25% of the original account balance. 

Example:

After 3 months: If you have a $200,000 account, your account balance will increase to $250,000.

After the next 3 months: The balance of $250,000 increases to $300,000.

After the next 3 months: The balance of $300,000 increases to $350,000.

And so on…

Trading instruments for the evaluation program accounts are forex pairs, commodities, indices, and cryptocurrencies. 

Evaluation program account rules

• The profit target represents a specified percentage of profit that must be achieved by a trader before they can successfully complete an evaluation phase, withdraw profits, or expand their trading account. In Phase 1, the profit target is set at 8%, while in Phase 2, it is set at 5%. Funded accounts, however, do not have profit targets imposed on them.
• The maximum daily loss refers to the maximum amount of loss a trader is permitted to incur within a single day before their account is deemed in violation. For all account sizes, the maximum daily loss is capped at 5%.
• The maximum loss denotes the maximum aggregate loss a trader can experience before their account is considered in violation. Regardless of account size, the maximum loss allowed is 10%.
• The minimum trading days refer to the minimum duration for which a trader is required to actively engage in trading before they can successfully complete an evaluation phase or request a withdrawal. Both evaluation phases necessitate a minimum of 5 trading days. However, funded accounts do not impose any minimum trading day requirements.
• The maximum trading days represent the maximum duration within which a trader must achieve a specific profit target or withdrawal objective. Phase 1 allows a maximum trading period of 30 days, while Phase 2 allows a maximum trading period of 60 days.
• When considering third-party copy trading risk, it is important to be aware that utilizing a copy trading service from an external provider may involve other traders who are already employing the same trading strategy. Engaging in third-party copy trading introduces the potential risk of being denied a funded account or withdrawal if the maximum capital allocation rule is exceeded.
• Similarly, third-party EA risk arises when utilizing an EA (Expert Advisor) from a third-party provider, as there may be other traders utilizing the exact same trading strategy. Employing a third-party EA carries the potential risk of being denied a funded account or withdrawal if the maximum capital allocation rule is surpassed.

What makes True Forex Funds different from other prop firms?

True Forex Funds distinguishes itself from the majority of top-tier prop firms by allowing traders to maintain their trading style without imposing any restrictions. Traders have the freedom to engage in trading activities during news events and keep positions open overnight, and even throughout weekends.

In comparison to other prop firms, True Forex Funds has designed a comprehensive two-phase evaluation program that mandates traders to successfully complete both phases in order to qualify for payouts. The initial phase sets a profit target of 8%, while the subsequent phase requires a 5% profit target. Additionally, traders must adhere to a set of rules, which include a maximum daily loss of 5% and a maximum overall loss of 10%. Each phase necessitates a minimum of 5 days of active trading before a trader becomes eligible for funding. Furthermore, True Forex Funds’ evaluation program features a scaling plan that differs from those of other prominent prop firms, as it encompasses lower profit targets and more relaxed trading regulations.

In conclusion, True Forex Funds is different from most of the industry-leading prop firms due to never regulating your trading style. You can trade during news, hold trades overnight, and during the weekends. In addition, you also have low profit targets and average minimum trading day requirements during both evaluation phases.

Is getting True Forex Funds capital realistic?

When evaluating prop firms that align with your forex trading style, it is crucial to assess the feasibility of their trading requirements. For instance, while a company offering a high percentage profit split on a well-funded account may initially seem appealing, if they demand substantial monthly percentage gains with minimal allowable drawdown percentages, your likelihood of achieving success diminishes significantly.

One can perceive receiving capital from the evaluation program accounts as a realistic option primarily due to their comparatively moderate profit targets (8% in phase one and 5% in phase two), coupled with reasonable restrictions on maximum losses (5% maximum daily and 10% maximum loss).

Having considered all the factors, True Forex Funds emerges as an excellent choice for securing funding. The evaluation program accounts available through their platform encompass realistic trading objectives and prerequisites for receiving payouts.

Payment proof

True Forex Funds is an esteemed proprietary trading firm that was legally established in October 2021. Substantial evidence of successful funding can be found through various payment proofs available on platforms such as Trustpilot, where their community members have shared positive reviews. Additionally, their Discord channel showcases numerous payout certificates from traders.

Which brokers do Trust Forex Funds use?

True Forex Funds doesn’t trade with common broker brands. They are partnered with a tier-1 liquidity provider that supplies the institutional data feed with the direct market access execution model on their live corporate accounts.

As for trading platforms, you can choose from the following:

• MetaTrader 4
• MetaTrader 5

Trading instruments: 

True Forex Funds offer a large variety of trading Instruments. You are allowed to trade forex pairs, commodities, indices, and cryptocurrencies with up to 1:100 leverage.

Trading fees

Education and support for traders

True Forex Funds do not provide any additional educational programs.
True Forex Funds, on the other hand, has an active thread on ForexFactory where you can get some additional information about the prop firm from a wider range of their community.

True Forex Funds features an informative FAQ page where you may find the information you seek. If not, it is recommended to reach out to their support team or join their Discord channel for assistance.

The support team can be contacted through their social media channels or via email at support@trueforexfunds.com. They also offer live chat support during the hours of 7 AM to 3 PM (CE(S)T).
Joining their Discord channel is advised for ongoing communication and to stay updated with the True Forex Funds community.

Traders’ Comments about True Forex Funds

True Forex Funds has great feedback from their community.

Trustpilot boasts a diverse range of community members who offer positive feedback, resulting in an impressive overall score of 4.6 out of 5 based on 941 reviews. The community frequently highlights the prompt and dependable nature of their customer support, as well as the system’s practicality.

The majority of the community expresses admiration for the efficacy of the customer support and the straightforwardness of the terms and conditions. Additionally, True Forex Funds provides clear trading objectives and rules.

Social media statistics

True Forex Funds can also be found on social media. 

They have a:

– Facebook page with 2,4,k followers,

– Instagram profile with 12,2k followers,

– Youtube channel with 1,77k subscribers with 6 uploaded videos and,

– Twitter account with 929 followers.

They also have a Discord channel with a community chat, payouts chat, support chat, and trade ideas chat where you can discuss different topics around True Forex Funds.

Registration process

To register with True Forex Funds, you will require to complete the following steps.

1. Sign up for True Forex Funds

2. Email verification

3. Click start the challenge button

4. Choose your desired challenge detail

5. Choose your desired payment method

6. Receive the order confirmation in your email

7. Receive your login credentials for phase 1

8. Phase 1 login credentials provided in less than 5 minutes

9. True Forex Funds Phase 1 dashboard

10. True Forex Funds Phase 1 active dashboard

11. Phase 1 completed

12. Receive your login credentials for phase 2

13. Phase 2 login credentials provided in less than 24 hours

14. Phase 2 dashboard

15. True Forex Funds Phase 2 active dashboard

16. Phase 2 completed

17. Passed evaluation challenge

18. Successful verification process

19. Login credentials for funded account provided in less than 24 hours

Conclusion 

In summary, True Forex Funds is a reputable proprietary trading firm that provides traders with the opportunity to select from various evaluation program account sizes.

Evaluation programs encompass a widely accepted two-phase evaluation challenge, necessitating the completion of both phases to become funded and eligible for profit splits. True Forex Funds mandates that traders achieve profit targets of 8% in phase one and 5% in phase two before being funded. These targets are realistic trading objectives, particularly when adhering to the 5% maximum daily and 10% maximum loss rules. Engaging in evaluation programs enables traders to earn 80% profit splits and offers scalability for their accounts.

I highly recommend True Forex Funds to individuals seeking a prop firm with clear-cut trading rules. They are an established proprietary trading firm that provides favorable conditions for a diverse range of traders with unique styles. After thoroughly considering all that True Forex Funds has to offer, it is evident that they are one of the leading prop firms in the industry.