If you’re an aspiring trader looking for opportunities to build a successful trading career, True Forex Funds, a prop trading firm based in Hungary, might catch your attention. With their remarkable framework, True Forex Funds offers undercapitalized traders access to substantial trading capital, opening doors for potential growth and profitability.
In this comprehensive True Forex Funds review, we wererwill analyze the platform to help you determine whether it’s worth your investment. Keep reading to learn more about their offerings, benefits, and the process of getting funded.
What Is True Forex Funds?
True Forex Funds is a prop trading firm, headquartered in Hungary, that specializes in providing talented traders with additional trading capital. Designed to support traders who may not have sufficient capital of their own, True Forex Funds offers a unique opportunity to access funding and enhance trading endeavors.
With its focus on empowering traders through financial support and opportunities for growth, True Forex Funds stands as a reliable prop trading firm in the Forex market.
How Does True Forex Funds Work?
True Forex Funds provides talented forex traders with an opportunity to access substantial capital and nurture their trading careers. The firm follows a structured evaluation program consisting of two phases.
Phase 1: Starting the Evaluation Process
In the initial phase, traders embark on the evaluation process by undertaking specific trading objectives. The primary goal is to achieve an overall profit target of 8%, allowing traders to showcase their trading abilities.
Key objectives in Phase 1 include:
- Minimum of 5 trading days
- Maximum daily loss limit set at 5%
- Overall maximum loss limit of 10%
- A 30-day trading period with a registration fee
Phase 2: Progressing Towards Becoming a Funded Trader
Upon successfully completing Phase 1, traders advance to Phase 2, bringing them closer to becoming a funded trader. The profit target for this phase is set at 5%.
Objectives for Phase 2 consist of:
- Minimum of 5 trading days
- Maximum daily loss limit remains at 5%
- Overall maximum loss limit set at 10%
- Extended trading period of 60 days with no additional fee
Becoming a Funded Trader: Trading with Substantial Capital
After successfully completing both phases of the evaluation process, users become funded stock traders and gain access to True Forex Funds’ substantial capital as funded traders. Under the profit split agreement, traders retain 80% of their trading profits, while the remaining 20% goes to the company.
As a funded trader, there is no minimum trading days requirement, allowing traders the freedom to adapt their forex trading style without the pressure of a time limit. However, daily loss limits of 5% and an overall loss limit of 10% remain in place.
The registration fee paid during Phase 1 becomes refundable, adding an extra benefit to traders on their journey to becoming funded traders.
The evaluation process is straightforward, with traders worldwide able to sign up using credit/debit card payments or cryptocurrency.
True Forex Funds Review: The Features
- Low-Profit Target and Generous Drawdown: True Forex Funds sets a low-profit target of 8% in Phase 1 and 4% in Phase 2, allowing traders to enjoy a generous drawdown with maximum overall loss and daily loss limits.
- Refundable Fee and Trader Freedom: Traders have the potential to access significant Forex trading funds for free as the evaluation fee is refunded with the first withdrawal. Traders also have the freedom to trade any strategy or style within the system guidelines.
- Swing Trading and Weekend Trading: True Forex Funds supports swing trading with no restrictions on holding positions overnight or over the weekend. Traders can also engage in weekend trading of cryptocurrencies with leverage, providing flexibility and opportunities.
- Wide Product Selection: True Forex Funds offers a diverse range of products, including forex pairs, indices, energies, metals, futures, bonds, commodities, cryptocurrencies, and oil, allowing traders to explore various markets.
- Account Growth Opportunity: Traders can increase their account by 25% by achieving 8% profit in 3 months of live trading and being profitable in 2 out of 3 trading months, with no scaling limit.
- Exceptional Support: True Forex Funds provides fast and helpful support, ensuring traders receive timely assistance whenever needed.
Pros & Cons
Pros:
- Profit Split with Traders: True Forex Funds offers a profit-sharing model, allowing traders to receive 80% of their trading profits, providing a strong incentive for consistent performance.
- Relaxed Trading Rules: True Forex Funds provides traders with a degree of flexibility and freedom in executing their trading strategies, allowing them to adapt to market conditions and explore different approaches.
- Multiple Trading Platforms Available: Traders can choose from a variety of trading platforms offered by True Forex Funds, enabling them to select the platform that aligns best with their trading style and preferences.
- Comprehensive Evaluation Process: The company implements a thorough evaluation process that ensures only consistent and skilled traders get funded, enhancing the overall quality of the trading community.
- Opportunity to Grow for Consistent Traders: True Forex Funds offers the potential for account growth, providing additional funds for traders who achieve consistent profitability and meet the company’s performance criteria.
Cons:
- Monthly Fee for Evaluation: Traders need to consider the monthly fee associated with the evaluation process, which can be seen as a financial commitment during the initial phase.
- Restrictive Loss Limits for Some Trading Styles: While True Forex Funds promote risk management, the imposed loss limits may be restrictive for certain trading styles that aim for larger swings or higher risk tolerance.
Final Thoughts
True Forex Funds provides talented traders with a compelling opportunity to access substantial capital and advance their trading careers. With its profit-sharing model, multiple trading platforms, and comprehensive evaluation process, the firm offers transparency and support for traders.
Prospective traders can benefit from the profit split, availability of various platforms, and the chance to grow as consistent traders. To learn more about True Forex Funds and explore whether it suits your trading goals, click here.
Disclaimer: This article contains sponsored marketing content. It is intended for promotional purposes and should not be considered as an endorsement or recommendation by our website. Readers are encouraged to conduct their own research and exercise their own judgment before making any decisions based on the information provided in this article.
