REVIEW
TFF
“TFF: A Captivating Tale of Courage and Protection”
True Forex Funds sincerely invites you to participate in our extensive 2-Phase Evaluation Program, providing you with the opportunity to showcase your exceptional trading skills and potentially gain access to a significant capital injection. Upon successful completion of the program, you may qualify for funding of up to $400,000, coupled with the added benefit of safeguarding against potential losses. We extend a gracious invitation to join our esteemed proprietary trading firm, currently undergoing substantial expansion.
At True Forex Funds, we actively support traders in their professional growth, cultivating an environment that fosters career excellence. Traders have the freedom to make trading decisions and maintain positions for their preferred durations, as we impose no constraints on trading styles. Our primary focus is on managing loss limits, with our overarching objective being to attract skilled traders who consistently deliver results. In recognition of their achievements, we offer an impressive 80% profit share as a token of our appreciation.
Who are them?
Based in Hungary, True Forex Funds is a recently established proprietary trading firm with a primary objective of aiding emerging traders facing capital constraints. The firm extends funding opportunities of up to $400,000, with traders receiving 80% of the generated profits. Furthermore, the company has formed a strategic alliance with a tier-1 liquidity provider, facilitating traders’ direct market access through a reputable brokerage.
Operating under the officially registered entity True Proprietary Funds Kft., True Forex Funds possesses an identification number of 08-09-033732 and a VAT identification number of HU27478930. The firm’s physical offices are situated at Móricz Zsigmond 1/B, ground floor 14, 9022 Győr, Hungary.
Funding Option
True Forex Funds offers its trader’s the following evaluation program accounts to choose from.
Evaluation program account
The True Forex Funds evaluation program account is designed with the primary objective of recognizing and rewarding committed and proficient traders for their consistent performance across a two-phase evaluation period. This program facilitates trading with a leverage of 1:100 and provides the flexibility to select account funding in USD, EUR, or GBP.
In the initial phase of evaluation, traders are required to achieve an 8% profit target while adhering to a maximum daily loss limit of 5% and a maximum loss of 10%. This profit goal must be met within 30 calendar days from the initiation of the first position in the evaluation account, and a minimum of five trading days must be completed to advance to the second phase.
The second phase involves traders attaining a 5% profit target within 60 calendar days, without exceeding the maximum daily loss of 5% or the maximum loss of 10%. Similar to the first phase, a minimum of five trading days is necessary to qualify for a funded account.
Upon successful completion of both evaluation phases, traders receive a funded account where profit targets no longer apply. Instead, adherence to the maximum daily loss of 5% and maximum loss of 10% rules is required. Payouts commence 14 calendar days after the first position in the funded account, and subsequent payouts follow a bi-weekly schedule, providing traders with 80% of the profits generated.
It’s noteworthy that True Forex Funds offers a unique opportunity for a free retry in both evaluation phases. If conditions for a free retry are met, new login credentials are provided on the following business day, allowing traders to proceed directly to the next phase.
The evaluation program accounts also incorporate a scaling plan. Traders must achieve an 8% or higher profit target within a three-month period, with at least two out of the three months being profitable. Meeting these criteria results in a 25% increase in the original account balance.
The trading instruments for the evaluation program accounts encompass forex pairs, commodities, indices, and cryptocurrencies.
Rules for Evaluation Program Accounts:
Profit Target: Represents a specified percentage of profit that must be achieved before completing an evaluation phase. Phase 1 has an 8% profit target, and Phase 2 has a 5% target. Funded accounts do not have profit targets.
Maximum Daily Loss: The maximum amount of loss permitted within a single day, capped at 5% for all account sizes.
Maximum Loss: The maximum aggregate loss allowed, set at 10% regardless of account size.
Minimum Trading Days: The minimum duration of active trading required before completing an evaluation phase, set at five trading days for both phases. Funded accounts have no minimum trading day requirements.
Maximum Trading Days: The maximum duration within which a trader must achieve specific objectives, with Phase 1 allowing 30 days and Phase 2 allowing 60 days.
When considering third-party copy trading risk or third-party EA risk, it is essential to be aware of potential violations of the maximum capital allocation rule, leading to denial of a funded account or withdrawal.
What's makes it different from other prop firm?
True Forex Funds distinguishes itself from the majority of top-tier proprietary trading firms by permitting traders to maintain their unique trading style without imposing any restrictions. Traders enjoy the freedom to engage in trading activities during news events and hold positions overnight, even over weekends. In contrast to other proprietary trading firms, True Forex Funds has devised a comprehensive two-phase evaluation program that mandates traders to successfully complete both phases to qualify for payouts. The initial phase entails a profit target of 8%, while the subsequent phase requires a 5% profit target. Additionally, traders must adhere to specific rules, including 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 incorporates a scaling plan that distinguishes it from other prominent proprietary firms, featuring lower profit targets and more relaxed trading regulations.
In summary, True Forex Funds deviates from most industry-leading proprietary firms by refraining from imposing restrictions on trading styles. Traders can participate in trading during news events, hold positions overnight, and even throughout weekends. Moreover, the program offers lower profit targets and more lenient minimum trading day requirements during both evaluation phases.
Is getting capital real?
When evaluating proprietary trading firms that align with your forex trading style, it is crucial to scrutinize the feasibility of their trading requirements. While a company may initially appear attractive by offering a high profit split percentage on well-funded accounts, the imposition of substantial monthly profit targets with minimal allowable drawdown percentages can significantly diminish your chances of success.
Obtaining capital from the evaluation program accounts is viewed as a realistic option due to their relatively moderate profit targets (8% in phase one and 5% in phase two) and reasonable restrictions on maximum losses (5% maximum daily and 10% maximum loss). After considering all factors, True Forex Funds emerges as an excellent choice for securing funding, providing practical trading goals and eligibility requirements for payouts through their evaluation program accounts.
which broker they use?
Blue Guardian employs Eightcap and Purple Trading Seychelles as its designated brokers for trading activities.
Eightcap, headquartered in Melbourne, Australia, operates under the regulatory oversight of the Australian Securities and Investments Commission (ASIC). Established in 2009, Eightcap is committed to delivering exceptional financial services globally, with five offices ensuring compliance with regulations in diverse jurisdictions. This allows clients worldwide to participate in trading across various markets, including foreign exchange (FX), indices, commodities, and shares.
While additional information about Purple Trading Seychelles’ specific features and regulatory status is not provided, the broker aims to provide equitable business conditions and state-of-the-art technologies, striving to be collaborative partners with their clients.
Both brokers facilitate trading on Meta Trader 4 and MetaTrader 5 platforms.
Blue Guardian allows you to trade forex pairs with 1:100 leverage, commodities with 1:20 leverage, indices with 1:50 leverage, and cryptocurrencies with 1:2 leverage.
Education and support fro traders
True Forex Funds operates with a distinct approach to brokers, eschewing common broker brands. Instead, they have partnered with a tier-1 liquidity provider that furnishes the institutional data feed with a direct market access execution model on their live corporate accounts.
For trading platforms, True Forex Funds offers a choice between MetaTrader 4 and MetaTrader 5. Additionally, they provide a diverse range of trading instruments, allowing trading in forex pairs, commodities, indices, and cryptocurrencies with leverage of up to 1:100.
While True Forex Funds does not offer additional educational programs, they maintain an active thread on ForexFactory and provide information through their informative FAQ page. Support is accessible through social media channels, email (support@trueforexfunds.com), and live chat support during 7 AM to 3 PM (CE(S)T). Joining their Discord channel is recommended for ongoing communication and community updates.
Trader's comment about it
True Forex Funds garners commendable feedback from its community. On Trustpilot, community members express positivity through a myriad of reviews, contributing to an impressive overall score of 4.6 out of 5 from 941 reviews. The community frequently highlights the prompt and reliable customer support and the practicality of the system.
The majority of the community appreciates the effectiveness of customer support and the transparency of terms and conditions. Furthermore, True Forex Funds is lauded for presenting clear trading goals and regulations.
Social media stats
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.
Conclusion
In summary, True Forex Funds stands as a highly esteemed proprietary trading entity, presenting traders with a selection of evaluation program account sizes. These programs feature a recognized two-phase assessment challenge, necessitating successful completion of both phases to secure funding and qualify for profit sharing. True Forex Funds mandates that traders achieve profit goals of 8% in the initial phase and 5% in the subsequent phase before becoming eligible for funding. These targets align with practical trading objectives, especially when adhering to the prescribed 5% maximum daily and 10% maximum loss guidelines. Participation in these evaluation programs enables traders to earn 80% of profits, fostering the potential for account growth.
I unequivocally recommend True Forex Funds to individuals seeking a proprietary trading firm with clearly defined trading regulations. As a reputable proprietary trading company, they offer favorable conditions to a diverse range of traders with varying styles. Following a comprehensive evaluation of True Forex Funds’ offerings, it is evident that they rank among the industry’s top proprietary trading firms.