True Forex Funds PROP Firm REVIEW
Note: One of our traders is funded with True Forex Funds for 6 months now, no issues on payments so far, but there are some traders who been refused on payouts – check below.
If you would like to know about other traders and my experience with prop firms Click Here to Join our Telegram Group where we share our opinion and results from different Prop Trading Firms.
True Forex Funds -Forex Prop Firm since 2021 | |
Discount: – 15% OFF |
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*use the coupon code on checkout |
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Value for Money: 9 out of 10 | |
User Experience Score: 9 out of 10 |
True Forex Funds Programs
FUNDING PROGRAM
Phase 1 Target | 8% |
Phase 2 Target | 4% |
Overall DrawDown | 10% |
Daily DrawDown *Based on Equity |
5% |
Profit Split | 80% |
Minimum Trading Days | 5 |
MaxFunding | $400k |
Withdrawals: BI-WEEKLY .
The Targets are on of the best in the market, it is easier to achieve them – but be careful with them and don’t risk a lot of money till you don’t receive some good income from them.
This review is for reference why we should risk less
True Forex Funds Pros and Cons
OK – now let’s see what we have so far and if this will be enough for us to make a decision and know what to do next.
PROS:
- Good Pricing
- Good program
- Bi-weekly payouts.
- Scaling plan
CONS:
- They could deny payout if they think you traded with other guys together.
- Sometimes their server could have problems and they will not fix your account if it hits DD during these problems.
- High commissions.
CONCLUSION
At this moment True Forex Funds is in TOP 10 Prop Trading Firms out there. I’ve seen many companies come and go, and this company is on the edge from my point of view.
Good part is that there are not so many complains out there, but for sure it’s not fun to be part of one of their complaints. For example check this one
It’s definitely a red flag to make sure not to invest a lot of money in their program, but to approach is safe and steady and reinvest the gained money in their other accounts.
My Risk with True Forex Funds: 10%
^^ My Risk ^^: 10% of overall Investment over PropFirms (e.a. If I have 1MLN in funding I would have a 100k account with them) and then increase your accounts from profits because of complaints from other traders
Website | https://trueforexfunds.com |
Created on | 2021-06-17(1 years) |
Location | Hungary |
TrustPilotScore (215+ reviews) |
EXCELLENT 4.6 out of 5 (November 2021 First Review) |
Trusted | 70% |
Is TrueForexFunds fee Refundable?
After you pass your challenge and you move to funded phase you need to be profitable for first payout and then they will refund your fee.
Is True Forex Funds a Scam?
At this moment we are not sure exactly how it will evolve, since we have traders who were paid and we have traders who were denied. One thing is clear is that their support is not top of the game at the moment. And we are not sure if they are copying trades to live markets or not.
Check this review for instance
Customer service is so and so, which means we need to be careful.
Click Here to Join our Telegram Group where we share our opinion and results from different Prop Trading Firms.
There are too many well know people and companies involved into this product, so it is not a SCAM, the only thing to take care is to make sure you can pass the challenge and be profitable in the funded phase.
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