True Forex Funds Review 2024

True Forex Funds Overview

Who are True Forex Funds?

True Forex Funds is a proprietary trading firm providing talented and experienced traders with additional trading capital. The company’s framework is designed to bolster trading efforts, focusing on consistent trader performance, and creating opportunities for traders to expand their trading careers.

External True Forex Funds Reviews & Ratings

Site	Rating
Facebook	5 from 268 reviews
Forex Peace Army	4.7 from 37 reviews
Trustpilot

Here are some reviews from traders who have experienced the platform firsthand:

How does True Forex Funds Work?

To access the substantial capital offered by True Forex Funds, traders are required to successfully complete a two-phase evaluation program. The process is designed to showcase the trading abilities of the aspiring individuals, focusing on their capacity to meet the company’s realistic profit targets and comply with straightforward trading objectives.

Phase 1 – Starting your Evaluation Process:

In the first phase of the evaluation process, traders are given a set of trading objectives, with an overall profit target of 8%. This phase serves as an entry point, allowing you to demonstrate your trading skills.

Objectives in this phase include:

• A minimum of 5 trading days.
• A maximum daily loss limit set at 5%.
• An overall maximum loss limit set at 10%.

The trading period for this phase extends up to 30 calendar days. There’s a registration fee applicable for this phase.

Phase 2 – One Step Closer to Becoming a Funded Trader:

Upon successful completion of the first phase, traders move on to the second phase. The profit target for this phase is 5%.

The objectives for this phase are as follows:

• A minimum requirement of 5 trading days.
• The maximum daily loss limit remains at 5%.
• The maximum overall loss limit is set at 10%.

The trading period for this phase is extended to 60 days, allowing more flexibility for traders to achieve their targets. Notably, this phase doesn’t carry any additional fee.

Funded Trader – Trading with Substantial Funds:

After successfully completing both phases of the evaluation process, traders are given access to the company’s funds. As a funded trader, you enter a profit split agreement where you get 80% of your trading profits, while the remaining 20% goes to the company.

At this stage, there is no minimum trading days requirement, giving you the freedom to adapt your forex trading style without the pressure of a time limit. However, the daily loss limit of 5% and overall loss limit of 10% remain in place. The trading period becomes indefinite, allowing funded traders to grow their trading careers on a more permanent basis.

Lastly, the registration fee paid during the first phase of the evaluation process becomes refundable, adding a nice bonus to the journey of becoming a funded trader.

In essence, True Forex Funds offers a systematic and straightforward path for talented forex traders to access considerable capital, rewarding consistent performance and upholding manageable risk parameters.

True Forex Funds’ Track Record

True Forex Funds boasts an impressive track record of fostering profitable traders and promoting successful trading careers. The company’s strategy of setting a profit target, implementing straightforward trading rules, and providing amazing trading conditions are all fundamental in nurturing profitable and consistent traders.

Who is True Forex Funds Best For?

True Forex Funds caters to a broad range of traders but is particularly well-suited to the following:

• Experienced Traders: For traders who have been in the forex trading field for a while and are familiar with the trading dynamics, True Forex Funds provides an ideal platform to excel further.
• Talented Traders: If a trader is talented but lacks the necessary financial resources, True Forex Funds comes to the rescue by providing additional trading capital.
• Consistent Traders: Traders who are consistent and maintain a steady trading performance will find True Forex Funds’ profit split system highly rewarding.
• New Entrants in Forex Trading: For individuals just beginning their journey in forex trading, True Forex Funds serves as a stepping stone by offering a guided evaluation process and a minimum trading day requirement to ensure continuous learning.

Is True Forex Funds Legit?

One of the critical aspects to consider when choosing a prop trading firm is its legitimacy. In this case, there’s good news – True Forex Funds is indeed a legitimate proprietary trading firm.

The legitimacy of True Forex Funds can be established through several key indicators:

• Impressive Track Record: True Forex Funds has an impressive track record of fostering profitable traders. In 2023 alone, it paid out over $14.9 million to its traders, a figure that speaks volumes about the firm’s credibility.
• Speedy Payouts: The firm’s average payout arrival time is less than 24 hours. This timely payout system instills trust and ensures traders that their hard-earned profits will reach them swiftly.
• Global Presence: True Forex Funds operates in over 110 countries worldwide, further demonstrating the company’s global acceptance and credibility.
• High Trustpilot Ratings: The company has an exceptional 4.8-star rating on Trustpilot, indicating high levels of customer satisfaction. These reviews from real users substantiate the firm’s legitimacy and the quality of its services.
• Transparency: The firm maintains high levels of transparency with clear trading rules and conditions. Traders always have a clear understanding of the company’s expectations and the terms of their engagement, further attesting to the legitimacy of True Forex Funds.
• Profit Sharing: True Forex Funds operates on a profit-sharing model, which showcases the firm’s interest in the success of its traders. This model not only incentivizes traders to perform well but also ensures that the company’s success is tied to the success of its traders.

Therefore, considering the factors above, it can be safely concluded that True Forex Funds is a legitimate prop trading firm. It has a proven track record of providing forex traders with the platform and resources they need to succeed in their trading journey.

With its profitable trading conditions, global reach, and emphasis on transparency, True Forex Funds continues to uphold its legitimacy in the world of forex trading.

The Added Value of True Forex Funds

True Forex Funds brings several significant advantages to the table, setting it apart from other prop companies:

Comprehensive Evaluation Process

The company implements a thorough evaluation process encompassing two phases: the account challenge and verification phase. This meticulous process ensures that only traders who demonstrate a consistent trading performance get funded.

Access to Several Trading Platforms

True Forex Funds accommodates various forex trading styles by offering a range of trading platforms. This diversity allows traders to choose a platform that best suits their trading style and strategy.

Profit Sharing Model

One of the attractive features of True Forex Funds is its profit-sharing model. The company shares profits with traders 80/20, thus incentivizing good trading performance and encouraging traders to strive for consistency.

Transparency and Trust

True Forex Funds is known for its high level of transparency. The straightforward trading rules and conditions contribute to building trust and ensuring traders have a clear understanding of the expectations.

Trustpilot Reviews: A Snapshot of Excellence

True Forex Funds holds an exceptional 4.8-star rating on Trustpilot, demonstrating high levels of customer satisfaction and approval of the company’s services. Many reviewers praise the firm’s flexible trading conditions, profit-sharing model, and comprehensive evaluation process.

Additional Trading Capital and Profit Split

True Forex Funds provides additional trading capital to undercapitalized but talented traders. This financial boost, coupled with the firm’s profit split system, allows traders to grow their trading careers and garner substantial profits from their trading endeavors.

True Forex Funds – Final Thoughts

In the forex trading realm, achieving consistency and profitability requires discipline, effective strategies, and at times, additional financial resources. True Forex Funds provides a platform that caters to these needs, aiding traders in enhancing their trading skills and expanding their trading careers.

From the inclusive evaluation process to the profit-sharing model, and the accommodating trading platforms, True Forex Funds offers a well-rounded service for both novice and experienced traders.

Despite the inherent risks of forex trading, True Forex Funds endeavors to assist traders in their journey towards consistent profitability. With straightforward trading rules and additional trading capital, the firm provides traders with the necessary tools and conditions to grow their trading careers.

True Forex Funds has carved a unique niche in the realm of prop firms, offering world-class trading conditions, and fostering a culture of growth for talented forex traders. It is a service well worth considering for those seeking to embark or further their journey in the forex trading market, equipped with the guidance of a supportive prop firm.

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