Learn more about True Forex Funds Prop Firm Details

Propfirmmatch.com

LoginSign-upLogoutMy Account

Prop Firm Match

Compare FirmsExclusive OffersExtra Account PromoBest SellersReviewsFavorite FirmsUnlisted Firms

Overview

True Forex Funds, headed by CEO Richard Nagy, is a Hungary-based proprietary trading firm with two years in the industry. The firm offers trading on MT4 and MT5 platforms and works with a liquidity provider for brokerage services. True Forex Funds provides account sizes ranging from $10,000 to $200,000. The firm utilizes a two-step evaluation process, and the profit targets for the two-step evaluation process are set at 8% for Phase 1 and 5% for Phase 2. The maximum total drawdown is uniformly set at 10% across all challenges. The firm offers 40 Forex currency pairs and 13 different indices to capitalize on. For commodities, trading in precious metals like Gold, Silver, Palladium, and Platinum against the USD is available. The platform also includes trading in global energy commodities such as US and UK Oil or Natural Gas. Traders have a choice of over 30 leading company stocks, and for the crypto, 28 popular cryptocurrencies are available. In terms of leverage, True Forex Funds offers a 1:100 leverage on Forex pairs, Metals, Energies, and Indices. For Stocks (CFD), the leverage is set at 1:10, and for Cryptocurrencies, it is at 1:5.

CEO

Richard Nagy

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Non quam lacus suspendisse faucibus interdum posuere lorem. Odio tempor orci dapibus ultrices. Dictum sit amet justo donec enim diam vulputate ut. Enim nulla aliquet porttitor lacus luctus. Mauris augue neque gravida in fermentum et sollicitudin ac. Aliquam ultrices sagittis orci a scelerisque. Morbi tristique senectus et netus et malesuada fames ac. Morbi enim nunc faucibus a pellentesque sit. Et pharetra pharetra massa massa ultricies mi. Risus in hendrerit gravida rutrum quisque non tellus orci ac.

Ac ut consequat semper viverra nam libero. Quam lacus suspendisse faucibus interdum posuere lorem ipsum dolor sit. Sapien nec sagittis aliquam malesuada bibendum. Imperdiet proin fermentum leo vel orci porta non pulvinar. Ut enim blandit volutpat maecenas volutpat blandit aliquam. Tempus iaculis urna id volutpat lacus. Auctor elit sed vulputate mi sit amet mauris commodo quis. Vel orci porta non pulvinar neque laoreet suspendisse. Suspendisse ultrices gravida dictum fusce ut placerat orci nulla. Rhoncus dolor purus non enim praesent elementum. Acc*msan lacus vel facilisis volutpat est velit egestas. Id faucibus nisl tincidunt eget nullam non. Varius sit amet mattis vulputate enim. Aliquet nibh praesent tristique magna sit amet. Molestie a iaculis at erat pellentesque adipiscing commodo elit at. Mattis vulputate enim nulla aliquet porttitor lacus luctus acc*msan. Interdum varius sit amet mattis vulputate enim nulla aliquet. Blandit volutpat maecenas volutpat blandit.

Nunc id cursus metus aliquam eleifend mi in. Nunc vel risus commodo viverra maecenas acc*msan lacus. Vel orci porta non pulvinar neque laoreet suspendisse interdum consectetur. In arcu cursus euismod quis viverra nibh. Elit sed vulputate mi sit amet mauris. Diam donec adipiscing tristique risus nec feugiat in fermentum posuere. Fermentum dui faucibus in ornare quam viverra orci sagittis. Amet consectetur adipiscing elit duis tristique sollicitudin nibh sit amet. Eu ultrices vitae auctor eu. Mattis pellentesque id nibh tortor id aliquet lectus. Dictumst vestibulum rhoncus est pellentesque elit ullamcorper dignissim.

Aenean sed adipiscing diam donec adipiscing. Erat imperdiet sed euismod nisi porta lorem mollis. Sem et tortor consequat id porta nibh. At in tellus integer feugiat scelerisque. Volutpat commodo sed egestas egestas fringilla phasellus. Euismod elementum nisi quis eleifend quam adipiscing vitae proin. Ut consequat semper viverra nam libero justo laoreet sit. Dictum fusce ut placerat orci nulla pellentesque dignissim. Auctor elit sed vulputate mi sit amet mauris. Egestas diam in arcu cursus euismod quis. Est ultricies integer quis auctor.

Established

October 2021

Country

Hungary

Broker

Liquidity Provider

Platform

cTrader

Trust Pilot

4.3

instruments

Leverage

commissions

Scaling

demo account

INSTRUMENTS

Forex: 24-hour trading, 5 days a week on 40 currency pairs with spreads starting from 0.0 pips.
Indices: Trade on 13 different indices to leverage opportunities in the equities markets 24/5.
Precious Metals: Trade Gold, Silver, Palladium, or Platinum against the USD.
Energies: Engage with global energy sector dynamics through trading with US and UK Oil or Natural Gas.
Stocks: Choose from over 30 world-leading company stocks to trade.
Cryptocurrencies: Buy or sell from a selection of 28 of the most popular cryptocurrencies, available for trading 7 days a week.

‍

LEVERAGE

1:100 Leverage

Forex Pairs: Forex, or foreign exchange, pairs involve trading one currency for another. For example, EUR/USD is a forex pair that involves trading the Euro against the US Dollar. The leverage of 1:100 means that for every dollar you invest, you control $100 worth of the forex pair.
Metals: Trading metals involves speculating on the price of precious metals like gold, silver, platinum, or palladium. The leverage of 1:100 applies here as well, implying you control $100 worth of metal for every dollar invested.
Energies: This refers to trading in energy commodities like oil, natural gas, and others. Again, a leverage of 1:100 means for every dollar you invest, you control $100 worth of the energy commodity.
Indices: An index (plural is indices) is a portfolio of stocks representing a particular market or a portion of it. For example, the S&P 500 is an index of the 500 largest US companies. A leverage of 1:100 on indices means that for every dollar you invest, you control $100 worth of the index.

1:10 Leverage

Stocks (CFD): CFD means Contract for Differences. It means you’re not trading on the actual stock market, but through a derivative product that pays the differences in the settlement price between the open and closing trades. With a leverage of 1:10, for every dollar you invest, you control $10 worth of the stock.

1:5 Leverage

Cryptocurrencies: Cryptocurrencies are digital or virtual currencies using cryptography for security. These include Bitcoin, Ethereum, and many others. A leverage of 1:5 on cryptocurrencies implies that for every dollar you invest, you control $5 worth of the cryptocurrency.

‍

Commissions

On Forex and metal pairs the comission is $3.5 per lot per side. Meaning $7 per lot round-turn.
Commissions on indices are 0.0005% lot per side. As a reference, for US30 trading at $32,000, the commission is $0.16 per lot per side.
The commission for crypto is 0.045% lot per side. If BTCUSD is traded at $25,000 the comission is $11.25 lot per side.

Scaling

True Forex Funds presents a structured scaling plan, offering the opportunity to trade up to $400,000 with an 80% profit split. The plan is focused on enabling traders to scale their capital up to $2.5 million. Traders of are entitled to a 25% increase in their initial deposit every 90 days. To qualify for this increase, traders must achieve an overall profit of 8% and make at least three withdrawals during this period. For instance, starting with a $400,000 account and consistently increasing the deposit by 25% every 90 days, a trader could potentially reach the $2.5 million mark in approximately five years. This estimate, however, is subject to individual trading performance and market conditions.

True Forex Funds also ensures an automatic upgrade of accounts once traders meet the specified criteria. Along with the increase in account size, loss limits are also adjusted in accordance with the new account deposit size post-scaling. For example, a trader who opens a $100,000 account and passes one of True Forex Funds' evaluation processes (One Phase, Two Phase, Quick, or Timeless Funding) is eligible for this scaling plan. Upon generating an 8% profit ($8,000) within 90 days and making the required three withdrawals, the account is automatically scaled up by 25%, resulting in a new funded account balance of $125,000. Traders can then continue to scale their accounts by meeting these criteria every 90 days.

‍

DEMOACCOUNT

No items found.

challenges

Forex

futures

Funded trader reviews

reviews

Showing

results

Firm

Price

account size

Profit Split

Profit Target

Max. Daily Loss

Max. Total Drawdown

daily drawdown reset type

Activation Fee

COMmission per round lot (Forex)

Technology

profit target to drawdown ratio

Min. Trading Days

leverage

refund fee

scaling

Payout Frequency

trust pilot rating

Year established and country

country

Loyalty Points

BUY

PromoTrue Forex Funds1 step

€998.00

MONTHLY

DISCOUNT EXPIRED

200K

200,000

200K

1 step

80%

10%

13%

None

Equity-based

In-House

$7/round lot

In-House

0.6

Static

5 Days

100:1

100%

14 Days

4.3

October 2021

Hungary

237

Name

True Forex Funds - 1-Step Challenge - 1-Step 200K

Original Price

€998.00

Discount Price

€998.00

Account Size

200K

Profit Split

80%

Phase 1 Profit Target

10%

Phase 2 Profit Target

Max Daily Loss

Max Total Drawdown

Daily Drawdown Reset Type

Equity-based

Drawdown Method

Static

Minimum Trading Days

5 Days

Maximum Trading Days

30 Days

Stop-loss Required

Profit Target to Drawdown Ratio

0.6

Commissions (Forex)

100%

$7/round lot

Leverage

Up to

100:1

Data Included

Activation Fee

Reset Fee

Consistency Rule

100%

Refund Fee

100%

Scaling

Yes

Expert Advisors (EA's) Allowed

Yes

Copy Trading

Yes

News Trading

Yes

Payout Frequency

14 Days

100%

Max Allocation (without scaling)

100%

400K

Broker

Liquidity Provider

Trading Platform(s)

cTrader

Trust Pilot Rating

4.3

Established

October 1, 2021

Country

Hungary

Loyalty Points

237

PromoTrue Forex Funds1 step

€499.00

MONTHLY

DISCOUNT EXPIRED

100K

100,000

100K

1 step

80%

10%

13%

None

Equity-based

In-House

$7/round lot

In-House

0.6

Static

5 Days

100:1

100%

14 Days

4.3

October 2021

Hungary

132

Name

True Forex Funds - 1-Step Challenge - 1-Step 100K

Original Price

€499.00

Discount Price

€499.00

Account Size

100K

Profit Split

80%

Phase 1 Profit Target

10%

Phase 2 Profit Target

Max Daily Loss

Max Total Drawdown

Daily Drawdown Reset Type

Equity-based

Drawdown Method

Static

Minimum Trading Days

5 Days

Maximum Trading Days

30 Days

Stop-loss Required

Profit Target to Drawdown Ratio

0.6

Commissions (Forex)

100%

$7/round lot

Leverage

Up to

100:1

Data Included

Activation Fee

Reset Fee

Consistency Rule

100%

Refund Fee

100%

Scaling

Yes

Expert Advisors (EA's) Allowed

Yes

Copy Trading

Yes

News Trading

Yes

Payout Frequency

14 Days

100%

Max Allocation (without scaling)

100%

400K

Broker

Liquidity Provider

Trading Platform(s)

cTrader

Trust Pilot Rating

4.3

Established

October 1, 2021

Country

Hungary

Loyalty Points

132

PromoTrue Forex Funds2 steps

€189.00

MONTHLY

DISCOUNT EXPIRED

25K

25,000

25K

2 steps

80%

13%

None

10%

Equity-based

In-House

$7/round lot

In-House

0.77

Static

The standard offer is 5 minimum trading days. Quick Funding offers you trading without minimum trading days.

100:1

100%

14 Days

4.3

October 2021

Hungary

Name

True Forex Funds - 2-Step Challenge - 2-Steps 25K

Original Price

€189.00

Discount Price

€189.00

Account Size

25K

Profit Split

80%

Phase 1 Profit Target

Phase 2 Profit Target

Max Daily Loss

Max Total Drawdown

10%

Daily Drawdown Reset Type

Equity-based

Drawdown Method

Static

Minimum Trading Days

The standard offer is 5 minimum trading days. Quick Funding offers you trading without minimum trading days.

Maximum Trading Days

The standard offer is 30 maximum trading days for Phase 1 and 60 days for Phase 2. Timeless Funding enables you to trade without a time limit.

Stop-loss Required

Profit Target to Drawdown Ratio

0.77

Commissions (Forex)

100%

$7/round lot

Leverage

Up to

100:1

Data Included

Activation Fee

Reset Fee

Consistency Rule

100%

Refund Fee

100%

Scaling

Yes

Expert Advisors (EA's) Allowed

Yes

Copy Trading

Yes

News Trading

Yes

Payout Frequency

14 Days

100%

Max Allocation (without scaling)

100%

400K

Broker

Liquidity Provider

Trading Platform(s)

cTrader

Trust Pilot Rating

4.3

Established

October 1, 2021

Country

Hungary

Loyalty Points

PromoTrue Forex Funds2 steps

€499.00

MONTHLY

DISCOUNT EXPIRED

100K

100,000

100K

2 steps

80%

13%

None

10%

Equity-based

In-House

$7/round lot

In-House

0.77

Static

The standard offer is 5 minimum trading days. Quick Funding offers you trading without minimum trading days.

100:1

100%

14 Days

4.3

October 2021

Hungary

132

Name

True Forex Funds - 2-Step Challenge - 2-Steps 100K

Original Price

€499.00

Discount Price

€499.00

Account Size

100K

Profit Split

80%

Phase 1 Profit Target

Phase 2 Profit Target

Max Daily Loss

Max Total Drawdown

10%

Daily Drawdown Reset Type

Equity-based

Drawdown Method

Static

Minimum Trading Days

The standard offer is 5 minimum trading days. Quick Funding offers you trading without minimum trading days.

Maximum Trading Days

The standard offer is 30 maximum trading days for Phase 1 and 60 days for Phase 2. Timeless Funding enables you to trade without a time limit.

Stop-loss Required

Profit Target to Drawdown Ratio

0.77

Commissions (Forex)

100%

$7/round lot

Leverage

Up to

100:1

Data Included

Activation Fee

Reset Fee

Consistency Rule

100%

Refund Fee

100%

Scaling

Yes

Expert Advisors (EA's) Allowed

Yes

Copy Trading

Yes

News Trading

Yes

Payout Frequency

14 Days

100%

Max Allocation (without scaling)

100%

400K

Broker

Liquidity Provider

Trading Platform(s)

cTrader

Trust Pilot Rating

4.3

Established

October 1, 2021

Country

Hungary

Loyalty Points

132

PromoTrue Forex Funds1 step

€89.00

MONTHLY

DISCOUNT EXPIRED

10K

10,000

10K

1 step

80%

10%

13%

None

Equity-based

In-House

$7/round lot

In-House

0.6

Static

5 Days

100:1

100%

14 Days

4.3

October 2021

Hungary

Name

True Forex Funds - 1-Step Challenge - 1-Step10K

Original Price

€89.00

Discount Price

€89.00

Account Size

10K

Profit Split

80%

Phase 1 Profit Target

10%

Phase 2 Profit Target

Max Daily Loss

Max Total Drawdown

Daily Drawdown Reset Type

Equity-based

Drawdown Method

Static

Minimum Trading Days

5 Days

Maximum Trading Days

30 Days

Stop-loss Required

Profit Target to Drawdown Ratio

0.6

Commissions (Forex)

100%

$7/round lot

Leverage

Up to

100:1

Data Included

Activation Fee

Reset Fee

Consistency Rule

100%

Refund Fee

100%

Scaling

Yes

Expert Advisors (EA's) Allowed

Yes

Copy Trading

Yes

News Trading

Yes

Payout Frequency

14 Days

100%

Max Allocation (without scaling)

100%

400K

Broker

Liquidity Provider

Trading Platform(s)

cTrader

Trust Pilot Rating

4.3

Established

October 1, 2021

Country

Hungary

Loyalty Points

PromoTrue Forex Funds2 steps

€89.00

MONTHLY

DISCOUNT EXPIRED

10K

10,000

10K

2 steps

80%

13%

None

10%

Equity-based

In-House

$7/round lot

In-House

0.77

Static

The standard offer is 5 minimum trading days. Quick Funding offers you trading without minimum trading days.

100:1

100%

14 Days

4.3

October 2021

Hungary

Name

True Forex Funds - 2-Step Challenge - 2-Steps 10K

Original Price

€89.00

Discount Price

€89.00

Account Size

10K

Profit Split

80%

Phase 1 Profit Target

Reporting

Tools

Compare FirmsAll FirmsMulti-Comparer

Resources

PodcastsVideosBlog

Company

AboutPartnersCareers

Offers

Exclusive OffersExtra Account PromoAll Current OffersBest Sellers

Assets

ForexStocksFuturesCryptoDarwinex

Resources

Favorite FirmsUnlisted FirmsFunded Trader ReviewsBlogProp FirmListsReportingDemo AccountsHow it Works

Programs

Loyalty ProgramAffiliate Program

Contact

ContactSuggestionsStatus

Social

Twitter

Instagram

Disclaimer

The information provided is intended for general use and informational purposes only. Users are advised to proceed at their own risk and exercise due diligence before making any decisions based on the information provided. It is crucial to understand that our business offers information and does not endorse or recommend any specific proprietary trading firms. Users should independently evaluate and verify the suitability of any such entities before engaging with them. We do not assume responsibility for any consequences or losses arising from the use of the information provided. Thank you for your understanding and discretion.

Terms and ConditionsPrivacy Policy

Refund Fee

Scaling

News Trading

Weekend Holding

Expert Advisors

Trade Copying

Forex

Indices

Commodities

Crypto

CFD Equities

Swap Free Accounts

Liquidity Provider / Own Broker

In-House Technology

Pakistan

cTrader

Nigeria

Turkiye

United Kingdom

Dubai (UAE)

Kenya

Learn more about True Forex Funds Prop Firm Details | Prop Firm Match (2024)

FAQs

What's happening with true forex funds? ›

True Forex Funds has ended its operations and announced plans to permanently close due to financial insolvency.

See Details ›

Is True Forex Funds legit? ›

Is True Forex Funds Legit and Safe? True Forex Funds, founded in 2021, belongs to the newer prop trading firms, but that does not mean they are out to defraud traders. On the contrary, they have amassed a 4.7 out of 5.0 rating on Trustpilot based on 2,237 reviews.

Read The Full Story ›

What is the best prop firm for forex? ›

The most popular prop trading firms and funded programmes

Axi Select.
FTMO.
The Forex Funder.
E8 Markets.
The 5%ers.
Funded Next.
Funded Trading Plus.

Learn More Now ›

Why is it hard to pass the prop firm challenge? ›

Many traders fail the challenge because they try to meet the profit target too quickly and end up taking unnecessary risks. Remember, the prop firm is looking for traders who can consistently make profits over an extended period. Take your time to analyze the market and only take trades that align with your strategy.

Learn More Now ›

Is my forex funds a good prop firm? ›

If you like to use EAs to trade, My Forex Funds is a great prop firm for you. They allow EAs although some types of strategies are banned. These include arbitrage trading, quote stuffing, or EAs that update orders in high volume.

Find Out More ›

Do prop firms really pay out? ›

Statistics on Average Trader Payouts

Profit Split: The average prop firm will offer a 80-20 profit split once you become a funded trader. TFT, on the other hand, gives up to a 90% split, — even as high as 95% in some promotions — the highest in the industry.

Learn More Now ›

How long does it take to withdraw from true forex funds? ›

True Forex Funds is committed to delivering instant payments by Advcash as soon as they are processed on their side. The firm guarantees that clients will receive their payouts within 24 hours. It is also important to note that the delivery time for bank transfers does not depend on TFF.

Find Out More ›

What is the most honest prop firm? ›

FTMO. FTMO ranks highly with its transparency, profit-share, and trading conditions, placing it among the most competitive and honest prop trading firms. FTMO pays its prop traders up to 90%.

Know More ›

Which prop firm is the easiest to pass? ›

Apex Trader Funding is the best futures prop trading firm on this list for a variety of reasons, but most notably because it boasts the highest pass rate for its evaluation program out of all the futures prop firms on this list. It is also by far the most friendly option for beginner futures traders.

Show Me More ›

Which prop firm is better than FTMo? ›

According to Traders Union, some trustworthy prop firms are FTMO, The Trading Pit, Funded Next, and TopStep. This conclusion was reached based on a thorough analysis and evaluation of prop companies on more than 100 parameters.

See Details ›

How to pass prop firm challenge fast? ›

Tips for Passing a Prop Firm Trading Challenge

Understand the Rules of Engagement: ...
Master Your Trading Strategy: ...
Risk Management is Non-Negotiable: ...
Leverage Your Analytical Skills: ...
Stay Disciplined and Patient: ...
Continuous Learning is the Key: ...
Embrace Feedback and Adapt: ...
Simulate Real Trading Conditions:

Feb 5, 2024

Explore More ›

How many people fail prop firms? ›

According to it, 4% of traders, on average, pass prop firm challenges. But only 1% of traders kept their funded accounts for a reasonable amount of time. While this result is not nearly as bad as the one discussed earlier, it still looks bleak for prospective prop traders. But why is the percentage of failure so high?

Which prop firm is the cheapest? ›

Cheapest Prop Firms Forex 2024 - with $5K Funding Accounts...

The5%ers. The5%ers specializes in providing funding of up to $100,000 to forex traders. ...
FTMO. ...
MyForexFunds. ...
Earn2Trade. ...
The Funded Trader Program. ...
OneUp Trader. ...
Apex Trader Funding. ...
True Trader.

More items...

Feb 27, 2024

Tell Me More ›

What happened to MFF Prop firm? ›

The CFTC also alleged that My Forex Funds had defrauded investors by misappropriating their funds and engaging in unauthorized trading. As a result of the OSC and CFTC orders, MFF has been effectively shut down. Founder and CEO, Anurag Jaiswal, was barred from participating in the securities industry.

Discover More ›

Where do forex prop firms get their money? ›

Prop firms that offer a challenge model typically make money through the fees that they charge for the challenge itself. These fees can vary widely depending on the prop firm but are typically a few hundred dollars or more.

Are forex prop firms legal in the US? ›

It is not illegal to operate or trade with a prop firm. However, where most online prop firms come unstuck is in their business practices and terms of service.

What happened with my forex funds? ›

Why was My Forex Funds shut down? The CFTC closed MFF's accounts due to their allegation that MFF was defrauding its clients by actively trying to prevent them from becoming funded traders, while promising the opposite.

Read On ›

Why is forex halted? ›

Trading halts are put in place when a market has moved too far, too fast – they are time dependent. Up/down limits have a much larger tolerance as they're based upon the price movement of the whole trading session, without short-term considerations.

See Details ›

Why is forex close? ›

The forex market is open 24 hours a day during weekdays but closes on weekends. Because this market operates in multiple time zones, it can be accessed at any time except for the weekend break. With time zone changes, this break gets squeezed. The forex market opens on Sunday at 5 p.m. local time in New York City.

Know More ›

Why you should not give up on forex trading? ›

Like many high-performance endeavors, success in forex trading takes time, patience, and a lot of practice. Many beginners don't last very long in the forex market – not necessarily because they deduce losses that are impossible to recover from, but because they make a few losses in the beginning and give up.

Keep Reading ›

Learn more about True Forex Funds Prop Firm Details | Prop Firm Match (2024)

Reporting

FAQs

What's happening with true forex funds? ›

How to pass prop firm challenge fast? ›

References