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True Forex Funds Review
Traders at True Forex Funds are encouraged to succeed in their careers. You may trade at your discretion; and hold your trades as long as you want, meaning they will never regulate your trading style. All they care about are the loss limits while their main goal being, to contract consistent traders and reward them with their high 80% profit split.
Sign up for True Forex Funds and you should have your trading platform logins automatically generated and sent to you in minutes. No minimum time requirement can get you signing prop firm partnership papers in one day.
True Forex Funds can help you improve your trading skills and make your career successful. TFF system was designed to provide a smooth, easy-to-use trading experience that doesn’t place any restrictions on your Forex trading style. There are a few rules that we have established. TFF’s main goal is to help the growing community find profitable traders who will be consistent.
Amazing Trading Conditions: We have partnered with trusted cryptocurrency exchanges and liquidity providers to offer world-class trading conditions. You can trade as low as 0.0 pip with the Raw spread accounts!
Industry-Leading Targets: You can achieve your goals with ease by meeting True Forex Funds’ Profit targets. The minimum trading days are not required, and we offer bi-weekly payments to ensure your peace of mind.
No cost for a second attempt: You are eligible for a free retry if you don’t violate the Loss Limits or if your account balance is positive. You can have unlimited free retries with us.
Before diving into all the advantages that make fast-growing trader funding program special, let’s have a look at their best programs
Before gloating about all the top features of True Forex Funds let’s get talk about some areas where it isn’t crushing the competition
Profit Split – 80% is just on par with most programs, while some other programs go a bit higher, 80% is in line with most popular programs.
Cost – Programs cost just a bit more than programs of equal virtual size. However, that doesn’t mean the program offers lesser value. Features offered more than make up for having to pay a few extra percent. Evaluation fee is refundable and returned with the first payout.
Low-Profit Target – Only 8% in Phase 1 and 4% in Phase 2. A total of 12% profit target is the industry-leading feature of True Forex Funds. Now just low traders also get to enjoy a generous drawdown.
Drawdown – in both Phase 1 and Phase 2 of trader evaluation True Forex Funds has the same drawdown parameters. 10% Maximum overall Loss. 5% Maximum Daily loss. 10% maximum overall loss is static. No trailing. The massive advantage over trailing drawdown programs. Features that don’t exist in futures space at all but is amazing to have in forex funding space.
Refundable Fee – Not only are you getting an opportunity to access significant Forex trading funds at 100:1 leverage, but you are also potentially getting that opportunity for free. Traders get their evaluation fee refunded with the first withdrawal.
Trader freedom – as long as you do not abuse the system trying to create an advantage by executing trades that cannot be replicated in the live environment, you are free to trade any strategy or style you would like.
Swing trading – hold traders overnight or over the weekend, no restrictions, or requirements to close traded in evaluation environment, just stay above
Weekend Trading – Trade crypto 7 days a week. Trade crypto with leverage any time you please, growing cryptocurrency selection offer the best spreads in crypto funding
Product selection – massive product selection day trader or swing trade forex pairs, indices, energies, metals, futures, bonds, commodities, cryptocurrencies, and oil.
Account growth opportunity – True Forex Funds is invested in your success. Make 8% profit in 3 months of live trading and be profitable in 2 of 3 trading months and increase your account by 25%. More money to trade with and no upside to the scaling limit. All for starting in a refundable free program.
Support – Always fast and helpful response
Handling of adverse events – Many funded trader programs got hurt by increased volatility caused by war and fed events. Some had to delay account creations, remove many products, or disable trading altogether. Meanwhile True Forex continued providing same great product throughout the events while taking a hit from participating in low liquidity environment. Impressive stress test for new company that also had to pay out six and multiple five figure payouts.
Signup process is simple. Traders from around the world are welcome to sign up using either credit / debit card payment processed by Stripe or pay with cryptocurrency. During purchase traders select desired platform to use during evaluation.
Shortly after payment trader get access to the trader evaluation dashboard.
Dashboard includes:
- Credentials for the platform
- Chart of performance either by trade or by date
- Daily trading objectives with allowed daily and total loss amounts
- Daily Summary
- Trade Log
Upon reaching profit goal, if account if flat, risk manager will flag account as “Passed’ and after quick review Phase 2 or Live Account will be on the way.
Wide array of instruments is available:
- Forex
- Shares
- Commodities
- Metals
- World Index CFDs
Bonds
While testing the program’s Phase 1, Phase 2 and live environment tried to enter many random instruments in different sizes without issue. Bond CFDs, Cruse, TSLA, NVDA, Amazon, Russel index, 7 Bitcoin at once all filled smoothly without noticeable slippage. Very impressive for new company without established long term liquidity provider connection and extremely volatile market environment.
Those of course are secondary instruments that perform very well. True Forex Funds really shines in currency trading and has recently made an announcement on implementing even better conditions.
Their most of the major pairs, you will be able to open positions from 0.0 pips. The main goal was to recreate the well-loved IC Markets conditions. On a few symbols, they even get above them. Helping traders is their main interest because they can reach new highs if their traders are profitable, therefore providing the best conditions is inevitable.
True Forex Funds does not have short-term plans for improving on other symbols right now, because their IT team will focus only on the new design and features. Including but not limited to:
– detailed statistics on your trading performance
– automated withdrawal request
– funded traders KYC
– automated certificates
– leaderboard
etc. etc.
The above-mentioned features and the design is their IT team’s main priority right now. Their goal is to make sure traders are satisfied with the forex spreads.
Small profit target, no minimum day requirement, refundable free and excellent spreads on diverse range of products really makes True Forex an all-in-one trader funding solution.
Traders get paid their 80% profit split every two weeks. Simply keep accounts flat, request a payout and it will be sent out via Deel or multitude of payment options. In our trader experience payments were always made on time. Withdrawals from DEEL were exceedingly simple as well.
To conclude, True Forex Funds is a legit business and provides a legitimate way for traders to take on additional trading capital. The offering is quite appealing, and the cost is competitive with the what’s available in the market. With funding from $10,000 up to $400,000/trader or strategy in balance before scaling up, a high 80% profit split, bi-weekly payments, and relaxed trading rules, it’s a great firm for undercapitalized traders seeking investors for their trading.
I would recommend True Forex Funds for anyone who has been reaching consistent results for a while and is looking to scale up his capital. While they are still a relatively new firm, they are offering great conditions for a big pool of different styles of trading for individuals.
ABOUT THE AUTHOR
Romain is an independent trader and investor specializing in financial market analysis and trading systems. He worked as a professional long/short equity trader for a trading firm in New York and has a passion for building mechanical trading strategies. He has been in the industry since 2008.
DISCLAIMER
This post expresses the opinions of the writer and is for information, entertainment purposes only. Romain is not a registered financial advisor or certified analyst. The reader agrees to assume all risk resulting from the application of any of the information provided. Past performance is not a reliable indicator of future returns and financial trading is full of risk.) Please read the Full Disclaimer