True Forex Funds Review - Pros, Cons and Ratings (2024)

In the world of forex trading, where success requires a combination of skill, strategy, and access to capital, finding the right partner can be a game-changer. True Forex Funds, a rapidly evolving proprietary trading firm, is on a mission to empower traders and provide them with the resources they need to succeed. In this comprehensive review, we will delve into the intricacies of True Forex Funds, exploring their Evaluation Program, trading conditions, and the unique benefits they offer.

Understanding the True Forex Funds Evaluation Program

At the heart of True Forex Funds’ offering is its Evaluation Program. This program is designed to identify and support talented traders, offering them a pathway to access significant trading capital. Let’s break down how the Evaluation Program works.

1. Two-Phase Evaluation Process

True Forex Funds employs a two-phase evaluation process to assess and nurture traders.

Phase 1: Welcome to Your Funded Journey

Phase 1 marks the beginning of your journey with True Forex Funds. During this phase, traders are presented with simple and attainable trading objectives. The primary purpose of this phase is to gauge your trading skills and commitment to the program.

Phase 2: Cultivate Profitable Trading Behaviors

Upon successfully navigating Phase 1, you’re just one step away from becoming a funded trader with True Forex Funds. Phase 2 places a strong emphasis on cultivating profitable trading behaviors. This phase delves deeper into your trading strategies, risk management, and overall trading performance.

Funded: Join the Funded Traders Community

Successfully completing both phases grants traders access to True Forex Funds’ funded trader community. As a funded trader, you can trade with capital of up to $400,000 and enjoy an 80% profit split. The program even offers opportunities for further growth, with the potential to scale up to a remarkable $2.5 million.

2. Evaluation Options

True Forex Funds understands that traders have diverse backgrounds and risk appetites. To accommodate this, they offer two distinct evaluation paths:

2 Phase Evaluation:

• Trading Period: No time limit
• Minimum Trading Days: 0 days
• Max Daily Loss: 5%
• Max Overall Loss: 10%
• Profit Target: 8% for Phase 1 & 5% for Phase 2
• Profit Split: 80/20 split for Funded Phase

1 Phase Evaluation:

• Trading Period: 30 days for Phase 1
• Minimum Trading Days: 5 days for Phase 1
• Max Daily Loss: 3%
• Max Overall Loss: 6%
• Profit Target: 10% for Phase 1
• Profit Split: 80/20 split for Funded Phase

These evaluation options cater to traders of varying experience levels and risk tolerance, providing a flexible and inclusive approach.

True Forex Funds Trading Conditions and Benefits

True Forex Funds prides itself on offering exceptional trading conditions and benefits that empower traders to excel in the forex market. Let’s explore some of these key advantages:

Liquidity Partnerships: True Forex Funds has established partnerships with multiple liquidity providers and trusted crypto exchanges. These partnerships ensure that traders have access to world-leading trading conditions, including competitive spreads and reliable trade execution.

Raw Spread Accounts: For traders seeking a competitive edge, True Forex Funds offers Raw spread accounts. These accounts provide traders with the opportunity to execute trades from as low as 0.0 pips, making them ideal for scalpers and those who value minimal slippage.

Profit Targets: The Profit Targets set by True Forex Funds are not only attainable but also designed to help traders reach their financial goals without taking excessive risks. These targets provide a clear path to success within the program.

Minimum Trading Days: With only 5 minimum trading days required, traders have the flexibility to manage their trading schedules efficiently. This feature accommodates traders with various commitments and time constraints.

Bi-weekly Payouts: Traders can enjoy consistent bi-weekly payouts, adding predictability to their earnings. This regular payout schedule provides traders with a stable income stream, enhancing their financial security.

Loss Limits and Free Retries: True Forex Funds places a strong emphasis on risk management. If traders adhere to the Loss Limits and maintain a positive account balance, they are entitled to a Free Retry. Importantly, True Forex Funds offers unlimited Free Retries, providing traders with ample opportunities to succeed and refine their trading strategies.

True Forex Funds Customer Service and User Experience

In a fast-paced and dynamic market like forex trading, responsive customer service is crucial. True Forex Funds prides itself on delivering the best possible user experience with a dedicated Customer Service Support Team. This team ensures that traders receive instant responses during business hours, addressing queries and concerns promptly. Such high-quality customer support adds a layer of reassurance for traders, knowing that they have a reliable resource to turn to when needed.

True Forex Funds Coupon Codes & Discount

If you are looking for a way to get discounts on True Forex Funds, you might be interested in using coupon codes that can save you money on their funding programs. Coupon codes are special codes that you can enter when you register for a funding program on their website. They may give you a percentage off the registration fee, a free trial, or other benefits.

Using coupon codes is a smart way to get discounts on True Forex Funds and start your trading career with more capital and less risk. However, you should always read the terms and conditions of each coupon code before using it, as they may have some limitations or expiration dates. You should also check the reviews and ratings of True Forex Funds and other prop firms before joining them, as they may have different rules and requirements for their traders.

Conclusion

In summary, True Forex Funds is a proprietary trading firm that stands out for its commitment to trader success. Their Evaluation Program provides a clear and accessible pathway for traders to access substantial capital and grow their trading careers. Whether you opt for the 2 Phase Evaluation or the 1 Phase Evaluation, you’ll find a program that suits your trading style and risk tolerance. The trading conditions offered by True Forex Funds, including liquidity partnerships, raw spread accounts, and achievable profit targets, are designed to empower traders and help them reach their financial goals.

Moreover, their emphasis on risk management, with loss limits and unlimited Free Retries, demonstrates their dedication to supporting traders on their journey. With responsive customer service and a focus on user experience, True Forex Funds offers a well-rounded and compelling proposition for traders looking to advance their forex trading careers. In a world where opportunities abound but the right partner can be elusive, True Forex Funds emerges as a promising option for traders seeking growth and success in the forex market.

FAQ

What is True Forex Funds’s maximum drawdown?

True Forex Funds’s maximum overall loss are as follows:

• 10% in the 2-Phase Evaluation.
• 6% in the 1-Phase Evaluation.

What is True Forex Funds’s profit target?

True Forex Funds’s profit targets are as follows:

• 8% for Phase 1 & 5% for Phase 2 in the 2-Phase Evaluation.
• 10% for Phase 1 in the 1-Phase Evaluation.

What are True Forex Funds’s minimum and maximum trading days?

The 2-Phase Evaluation has no minimum or maximum trading days, but the 1-Phase Evaluation has 30 days maximum and 5 days minimum.

What are True Forex Funds’s challenge fees?

True Forex Funds’s challenge fees range from €89 to €998 depending on the account size.

Does True Forex Funds offer a retry?

Yes, True Forex Funds offers a free retry.

Does True Forex Funds offer a fee refund?

Yes, True Forex Funds offers a fee refund.

What is True Forex Funds’s profit split?

True Forex Funds offers an 80% profit split.

Does True Forex Funds offer a scaling plan?

Yes, True Forex Funds offers a scaling plan.

Does True Forex Funds allow expert advisors?

Based on the web search results, it seems like True Forex Funds allows expert advisors.

Does True Forex Funds offer a free trial?

Based on the web search results, it seems like True Forex Funds does not offer a free trial.

What is True Forex Funds’s minimum deposit?

Based on the web search results, it seems like True Forex Funds does not have a minimum deposit.

What are True Forex Funds’s brokers?

Based on the web search results, it seems like True Forex Funds uses IC Markets as its broker, who provides direct market access and low spreads.

What are True Forex Funds’s platforms?

True Forex Funds uses MetaTrader 4 & MetaTrader 5.

What is True Forex Funds’s leverage?

Based on the web search results, it seems like the maximum leverage ratio offered by True Forex Funds is 1:100.

Is True Forex Funds legit?

True Forex Funds is a proprietary trading firm that offers funding programs for forex traders. According to their website, they claim to offer “world-leading trading conditions”. The claims made by True Forex Funds may not be verified by any independent authority or regulator, and there is no guarantee that they are true. Therefore, it is hard to say if True Forex Funds is legit or not, as there may be some risks involved in joining them. Some of the possible risks are:

• They may not honor their promises or terms and conditions, such as refunding the challenge fee, paying the profits, or providing the leverage and instruments they advertise.
• They may change their rules or requirements without notice, such as increasing the profit target, decreasing the maximum drawdown, or restricting the trading hours or strategies.
• They may have technical issues or glitches with their platform, servers, or dashboard, which may affect the execution of the trades, the accuracy of the data, or the communication with the support team.
• They may have legal issues or disputes with their traders, partners, or regulators, which may result in the suspension or termination of their services, the freezing or confiscation of their funds, or the filing of lawsuits or complaints.

Therefore, before joining True Forex Funds or any other prop firm, it is advisable to do your own research and due diligence. You should check the reviews and ratings of other traders who have used their services,and compare them with other prop firms in terms of their fees, rules, benefits, and reputation. You should also read their terms and conditions carefully and understand their risks and liabilities. You should only join them if you are confident that they are trustworthy and reliable, and that they suit your trading style and goals.

True Forex Funds’s alternatives

If you are looking for alternatives to True Forex Funds, here are some options: FTMO, FundedNext, and E8 Funding.

These firms are worth considering if you are looking for alternatives to True Forex Funds. It’s always a good idea to thoroughly research and compare different options before making a decision.