True Forex Funds is a prop trading firm located in Hungary.
In this article, you’ll get a review of this prop firm, including analysis and instructions to get funded with an account from True Forex Funds.
Here’s what you’re going to learn:
True Forex Funds is a prop firm located in Hungary. It was founded in 2021 so it already has some experience with funding traders.
True Forex Funds is a prop firm that funds traders to trade Forex and other CFDs trading assets.
Here’s a list of all of the instruments:
True Forex Funds funds traders with account balances that go from $10,000 up to $400,000.
To get access to a funded account you need to pass an Evaluation with two phases. The price of the Evaluation is different according to the account size that you are applying to.
The prices of the smaller funded account start at €89 and go up to €998 for the bigger account.
The leverage provided by the prop firm depends on the instrument category that you are trading. Here’s the list of leverage by category:
All Challenges from True Forex Funds come with an 80% profit split.
There are other prop firms with higher payouts, but we can say that this is pretty much the industry standard.
According to Trustpilot, True Forex Funds is classified as excellent. It’s scoring 4.6/5.0 after more than 900 reviews from users.
The challenge, or evaluation, has two phases to pass. Each phase has a set of rules and objectives.
Let’s look at them in detail.
During this phase, you need to achieve a profit target within 30 calendar days. Here are all the details:
After you complete the Phase 1 challenge, you’re ready to start Phase 2.
This phase has an extended period. You now have 60 calendar days to achieve the profit target while not breaking any rules. All the rules are the same as in phase 1 except the profit target that reduces. Here are all the details:
If you like to use EAs to trade, True Forex Funds is a great prop firm for you. They allow all types of EAs, bots, trading tools, indicators, and even HFT trading.
Heck, they even allow hedging and martingale which is a rare thing in prop firms.
The only requirement is that trading can be replicated in live conditions.
Unfortunately, True Forex Funds doesn’t offer free trials at the moment, but you can get a free repeat which is also good.
True Forex Funds provides free repeats for traders who want to take the challenges again.
The only requirement is that you are profitable at the end of the trading period (although you didn’t achieve the profit target), and of course, that you didn’t violate any rule.
Use the promo code link below to get unlimited free repeats. Don’t forget to delete your cookies if you already visited the True Forex Funds website.
True Forex Funds gives you access to the most popular trading platforms used by Forex brokers.
You can use:
There are no restrictions about holding trades overnight or during the weekend.
You can have your positions open for as long as you want according to your own trading style. Just be careful with daily and weekend gaps.
There are no restrictions on news trading. You just need to be careful with the volatility, but if you’re like me, those are the best times of the day to trade. Just don’t exceed your maximum safe lot size and manage your trades properly.
Yes, True Forex Funds is a legit company.
Here are the contacts to reach them:
You can also contact them through the live chat on their website.
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Do u guys accept clients in the US
Things can change form time to time but at the moment they do accept US clients.