True Forex Funds Review

True Forex Funds

True Forex Funds

  • Leverage: 1:100

  • Regulation: Hungary

  • Min. Deposit: €89

  • HQ: Gyor, Hungary

  • Platforms: MT4, MT5

  • Found in: 2021

True Forex Funds:

  • TFF International Kft, — registered in Gyor, Hungary, registration number 08-09-034894
  1. What is True Forex Funds?
  2. True Forex Funds Pros Cons
  3. Is True Forex Funds Legit?
  4. True Forex Funds Rules
  5. Funded Account
  6. Account Conditions
  7. Payout
  8. True Forex Funds Alternative

Our Review Method

  • 55Brokers Financial Experts with over 15 years of experience in Trading check and verify carefully Proprietary Trading Firm offerings and what the challenge you have to pass to become a Funded Trader to give an expert opinion on True Forex Funds and its reliability

What is True Forex Funds?

True Forex Funds has garnered attention in the Forex trading community as a proprietary trading firm offering funded accounts to skilled traders. This True Forex Funds review aims to provide an objective overview of its services, highlighting both the benefits and considerations for prospective traders.

True Forex Funds, based in Hungary, extends its operations across more than 110 countries, offering Funded Account services without geographical limitations. Traders have the option to choose between USD, EUR, or GBP. Additionally, the firm provides a range of account sizes for traders, starting from $10,000 and extending up to $200,000. There’s also the potential for further growth, with the opportunity to increase account limits up to $400,000, or its equivalent in the selected currency. Read more about Prop Trading here

True Forex Funds AdvantagesTrue Forex Funds Disadvantages
Lower Profit TargetNo Strict Overseeing
Good PricingIt is hard to become Funded Trader
Initial fee refunded if challenge is passedLimited Instrument Range
Profit Share from ChallengeOnly MetaTrader Platform
MT5 and MT4 with EAs
Refundable Fee once you become Funded Trader
Unlimited evaluation free retries
No minimum trading days on Quick Funding


Is True Forex Funds Legit?

True Forex Funds, while not licensed, is registered in Hungary and upholds responsible financial practices. As Hungary is a member of the EU, known for its stringent financial regulations, it can be reasonably concluded that True Forex Funds operates legitimately. It has established a solid history of offering forex traders the necessary platform and resources to achieve success in their trading endeavors.

  • It’s important to note that, unlike Forex Brokers, Proprietary Trading firms typically operate without a Forex Broker license. As a result, they are subject to less regulation and are not monitored by industry regulators to the same extent. This means that while they offer trading opportunities, they may not provide the highest level of safety. The operation and distribution of funds for trading activities are managed solely by the company. Therefore, understanding all the risks involved is crucial for anyone engaging with such firms.

Is True Forex Funds Scam?

After reviewing the official website for legitimacy information, we found no evidence suggesting that True Forex Funds is a scam. However, it’s important to recognize that Proprietary Trading Firms typically operate with minimal regulation from financial authorities. This lack of stringent oversight makes it challenging to definitively categorize the firm as either a scam or a legitimate entity.

Our professional recommendation is to thoroughly understand Prop Trading and its risks before selecting a firm, preferably one with a good reputation and a long operational history. Since you primarily pay subscription fees instead of investing your own money, the potential financial risks are generally lower compared to direct trading with your own funds.


True Forex Funds Rules

To gain access to the significant capital provided by True Forex Funds, traders must pass a 2 phase evaluation program. This program is structured to assess the trading skills of applicants, emphasizing their ability to achieve the company’s realistic profit goals and adhere to clear trading objectives.

  • The primary objective of the Challenge or Test at True Forex Funds is to demonstrate your trading proficiency. The Evaluation is split into two phases, with profit targets that vary depending on the chosen account size. Generally, the rules in Phase 1 are more stringent, whereas Phase 2 offers somewhat more relaxed conditions, particularly regarding drawdown.

Account Balance and Registration Fee

To begin with True Forex Funds, you must first choose an Evaluation Program that suits your needs and decide on the Account Balance you aim to qualify for. The conditions of the challenge vary slightly based on the selected account size. This choice also affects the registration fee, which is required to participate in the challenge. However, True Forex Funds provides a refund of this fee once you achieve the status of a Funded Trader. For more details, refer to our Registration Fee comparison table below:

  • True Forex Funds provides four distinct types of evaluation program accounts for traders to select from: Standard Evaluation Program, Quick Funding Evaluation Program, Timeless Funding Evaluation Program, and One-phase Evaluation Program. It’s important to note that among these, three are conventional two-step evaluation programs found in the industry. Each of these programs differs slightly in terms of pricing and trading objectives.
  • In general, the fee conditions and account balances offered by True Forex Funds are competitive and align well with industry standards.
  • True Forex Funds offers a varied selection of starting balance options, including $10,000, $25,000, $50,000, $100,000, and $200,000.
  • Since the evaluation process itself is a testing method, most Prop trading firms do not offer demo accounts, hence True Forex Funds demo
FeesTrue Forex FundsFundedNextThe Funded Trader
Minimum Account Size$10,000$6,000$50,000
Fee €89$59$289
Maximum Account Size$200,000$200,000$400,000
Reset or Test RetakeYesYesYes
Is Fee Refundable?YesYesYes

Profit Target

In the first phase, you are tasked with achieving an 8% profit within 30 days while adhering to a 5% daily loss limit and a 10% maximum overall loss limit. The second phase extends the timeframe to 60 days, where you must reach a 5% profit target.

Maximum Loss

Another challenging aspect of every Prop Trading test is the adherence to two crucial loss levels. At True Forex Funds, these include a Maximum Daily Loss set at 5% for all accounts, and a Maximum Overall Loss limit fixed at 10%.

Minimum Trading Period

A key rule commonly implemented in Proprietary Trading tests involves achieving profitability within a minimum number of required days or periods. At True Forex Funds, this is reflected in their policy of setting a minimum of 5 trading days for all account sizes.

See the detailed table with True Forex Funds Challenge conditions based on Account Size:

True Forex Funds 2-step Evaluation Program


Free Trial

Currently, True Forex Funds does not provide free trials. However, they do offer a free repeat option, which is a beneficial alternative.

True Forex Fund Funded Account

After successfully completing the test or challenge, a trader’s Funded Account is set up, which usually takes a few business days to activate. It’s important to understand that the account conditions and balance will match those of the test you qualified for. If you wish to upgrade to a higher-grade account, you will need to retake and pass the test for the specific Account Balance you desire to trade with.

Profit Split

All Trading Challenges provided by True Forex Funds are designed with a beneficial profit split structure, where participants receive an 80% share of the profits earned. This arrangement applies to all their trading challenge programs, encouraging traders to maximize their trading skills and strategies for potentially higher returns.


Payout and Withdrawals

Our research indicates that challenges offered by the firm can be paid for through various convenient methods, and these payments do not incur any additional processing fees. Withdrawals at True Forex Funds are processed bi-weekly, ie. 14 days, and this includes weekends. The withdrawal cycle commences from the moment you open your first position on a funded account.

Withdrawal Method

Based on our findings, the withdrawal methods available with True Forex Funds are somewhat limited, encompassing only bank transfers, bank card transactions, and cryptocurrency wallet options.


Account Conditions

In evaluating Account Conditions, it’s important to check if the Broker offers diverse account options, including the range of Platforms, Instruments, and Trading Costs. Additionally, assessing the Leverage levels and Trading conditions is crucial, as some Brokers may limit certain strategies or practices in Funded accounts, leading to potential account loss. For reactivation, retaking the test may be necessary. A detailed overview is available below:

Trading Instruments

The range of Trading Instruments available through True Forex Funds is relatively modest, encompassing Currency Pairs, Precious Metals, Stocks, Energies, Cryptocurrencies, and Indices. While this selection covers the instruments most commonly traded by Forex Traders, making it a favorable offering for many, traders who prefer instruments like Futures may need to explore alternative Proprietary Trading Firms.

True Forex Funds Commission

Another aspect we evaluate is the Commission or Spread on trades. True Forex Funds offers commissions that are slightly higher than industry average. The Broker charges a commission of only $7 per lot for Forex trades, 3.5% for Commodities, and 5.49% for Cryptocurrencies.


The leverage offered by True Forex Funds for trading accounts is consistent across both stages of the Challenge and when you become a Funded trader. It provides up to 1:100 leverage for all trading instruments.

True Forex Funds App Platform

We discovered that True Forex Funds primarily provides its services through the widely used MetaTrader platforms, encompassing both MT5 and MT4 versions. However, if you have a preference for alternative software, it’s advisable to explore other proprietary trading companies as True Forex Funds does not offer any additional platforms.

Trading Conditions

According to our findings, Ture Forex Funds does not place limitations on trading strategies. Traders are allowed to employ their preferred approaches as long as these trades adhere to legitimate practices, are in line with sound risk management principles, accurately reflect real market conditions, and avoid prohibited activities.

  • In True Forex Funds, commonly favored trading strategies such as News Trading, Swing Trading, EA Trading, and Weekend Holding are all fully allowed. Additionally, traders have the advantage of utilizing Copy Trading from another True Forex Funds account, which is a valuable feature for those employing diverse strategies. It’s important to note, however, that there are certain restrictions in place, including the prohibition of High-Frequency Trading, Latency Trading, and Arbitrage.
  • Regarding slippage in True Forex Funds, it is generally not a common occurrence. However, during News Trading events, the company imposes restrictions on the opening and closing of trades within 5 minutes before and after the news release. This precaution is taken as this specific time frame is when slippage is more likely to occur.

True Forex Funds Promotions

As we have observed, the company occasionally offers True Forex Funds Certificate with promotions and True Forex Funds Discount Code. However, please be aware that these promotions typically have temporary conditions, so it’s advisable to confirm their availability when you log in.

True Forex Funds Alternative Brokers

Taking into account all the information we’ve gathered about True Forex Funds, it can be concluded that the firm presents an appealing opportunity for funded traders. The company offers competitive costs compared to industry rivals and provides a range of programs with lower fees, expanding the possibilities for traders with budget constraints to participate in various programs at reduced costs.

However, it’s always beneficial to compare offerings with other Proprietary Trading Firms, as some popular ones might present similar conditions or be more suitable for certain traders, especially in terms of a wider choice of instruments or alternative trading platforms beyond MetaTrader. That said, there are also clear advantages to choosing FundedNext. Below, we provide a selection of alternatives and a comparison table contrasting FundedNext with other companies:

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