#3. True Forex Funds

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#3. True Forex Funds

#3. True Forex Funds

  • Unlimited evaluation free retries
  • High payout split
  • Raw spreads
  • Advanced trader dashboard
  • Trading apps
  • 24/7 Live chat
  • Good customer support
  • Fast payout process
  • Leverage 1:100
  • Equity based drawdown
  • 2 stage evaluation
  • High evaluation account prices

True Forex Funds is an emerging proprietary trading firm with rapid growth, specializing in assisting ambitious traders who lack sufficient capital. Their program aims to provide motivated traders with up to $400,000 in funding, following the completion of our rigorous 2-Phase Evaluation Process. Once you successfully meet their requirements, they guarantee to cover all your losses.


At True Forex Funds, traders are provided with ample support to excel in their professional journeys. You have the freedom to trade according to your own judgment and can hold your trades for as long as you prefer, without any interference or regulation of your trading style. The primary focus of True Forex Funds is to establish loss limits, while their ultimate objective is to recruit consistent traders and generously reward them with an impressive 80% profit split.

Who are True Forex Funds?

True Forex Funds is a recently established proprietary trading firm situated in Hungary. They cater to ambitious traders who may lack sufficient capital by offering funding opportunities of up to $400,000.

As part of their arrangement, traders can enjoy an impressive 80% profit split. True Forex Funds has partnered with a reputable tier-1 liquidity provider, which grants traders direct market access through their brokerage services.

Operating under the official name True Proprietary Funds Kft., the company is duly registered and recognized.

With an identification number of 08-09-033732 and a VAT identification number HU27478930. True Forex Funds has its offices conveniently located at Móricz Zsigmond 1/B, ground floor 14, 9022 Győr, Hungary.

Who is the CEO of True Forex Funds?

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Richard Nagy is the CEO of True Forex Funds

Funding program options

True Forex Funds provides traders with a selection of evaluation program accounts to choose from.

Account Size - Prices

$10,000 - €89

$25,000 - €189

$50,000 - €299

$100,000 - €499

$200,000 - €998

The evaluation program account offered by True Forex Funds is designed to discover committed and skilled traders who demonstrate consistency during a two-phase evaluation period. Traders who meet the program's criteria are generously rewarded. With the evaluation program account, you have the flexibility to trade with a leverage of 1:100. Additionally, you have the option to select your preferred account funding currency from USD, EUR, and GBP.

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In the first evaluation phase, traders are expected to achieve a profit target of 8% while adhering to the 5% maximum daily loss and 10% maximum loss rules. This profit target must be met within a timeframe of 30 calendar days, starting from the day the trader initiates their first position on the evaluation account. Furthermore, traders must engage in a minimum of five trading days to advance to phase two of the evaluation.

Moving on to the second evaluation phase, traders are required to reach a profit target of 5% while staying within the limits of the 5% maximum daily loss and 10% maximum loss rules. The timeframe for achieving this profit target is extended to 60 calendar days, starting from the day the trader places their initial position on the evaluation account. Similar to phase one, a minimum of five trading days is necessary to progress to a funded account.

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Upon successfully completing both evaluation phases, traders are granted a funded account that comes with the benefit of not having any profit targets to meet. The only requirement is to adhere to the 5% maximum daily loss and 10% maximum loss rules. The first payout for the funded account is scheduled for 14 calendar days from the day the trader initiates their initial position. Subsequent payouts occur on a bi-weekly basis. Traders will receive an impressive 80% profit split based on the profits they generate on their funded account.

Furthermore, it is worth highlighting that True Forex Funds offers a remarkable opportunity for traders: a unique free retry option for both evaluation phases.

  • In the scenario where the 30-day trading period of a phase one account reaches its expiration but the free retry conditions are satisfied, you can expect to receive your new phase one login credentials on the subsequent business day.

  • In the event that the 60-day trading period of a phase two account elapses, but the free retry conditions are fulfilled, you will be issued your new phase two login credentials on the next business day. Importantly, this means that you will not be required to restart from phase one; you can proceed directly to phase two with your new credentials.

Evaluation program account scaling plan

The evaluation program accounts also feature a scaling plan. To qualify for an account increase, you need to achieve a profit target of 8% or more within a three-month timeframe, with at least two out of the three months yielding profitable results. Upon meeting this requirement, your account balance will be boosted by 25% of the original account balance.

For instance:

After 3 months: If you initially had a $200,000 account, your account balance will be increased to $250,000.

After the following 3 months: The balance of $250,000 will then grow to $300,000.

After the subsequent 3 months: The balance of $300,000 will further increase to $350,000.

This pattern continues accordingly.

The trading instruments available for the evaluation program accounts encompass forex pairs, commodities, indices, and cryptocurrencies.

Evaluation program account rules

  • In the evaluation phases, traders need to achieve a predetermined percentage of profit known as the profit target in order to successfully complete the phase, withdraw profits, or scale their account. During phase 1, the profit target is set at 8%, while in phase 2, the profit target is reduced to 5%. However, once traders transition to funded accounts, there are no specific profit targets to be met.

  • The maximum daily loss refers to the highest allowable loss that a trader can incur within a single day without violating the account rules. Across all account sizes, there is a uniform maximum daily loss limit of 5%. This means that traders must ensure that their daily losses do not exceed this threshold to remain in compliance with the account regulations.

  • The maximum loss represents the highest permissible overall loss that a trader can incur before violating the account rules. Regardless of the account size, there is a consistent maximum loss limit of 10%. This implies that traders must ensure that their cumulative losses do not exceed this threshold in order to remain within the boundaries of the account regulations.

  • Minimum trading days refer to the mandatory duration that traders must actively engage in trading before they can successfully complete an evaluation phase or make a withdrawal request. In both evaluation phases, there is a minimum trading day requirement of 5 days. However, once traders transition to a funded account, there are no minimum trading day requirements imposed. This means that traders are not obligated to fulfill a specific number of trading days when operating within a funded account.

  • Maximum trading days represent the upper limit of time within which traders are expected to achieve a particular profit target or withdrawal target. In phase 1, there is a maximum trading period of 30 days, during which traders must aim to meet their objectives. Similarly, in phase 2, the maximum trading period is extended to 60 days, providing traders with a longer timeframe to reach their desired targets. It is important to adhere to these maximum trading days in order to effectively navigate through each phase.

  • When considering third-party copy trading services, it is crucial to be aware of the risks associated with it. By utilizing such services, it is possible that other traders are already employing the same trading strategy. This duplication of strategies can result from the widespread use of the third-party copy trading service. Consequently, if you exceed the maximum capital allocation rule while using a third-party copy trading service, there is a potential risk of being denied a funded account or withdrawal. It is important to carefully consider these risks before engaging in third-party copy trading.

  • When considering the use of a third-party EA (Expert Advisor), it is important to understand the associated risks. By utilizing a third-party EA, there is a possibility that other traders are already employing the same trading strategy provided by the EA. This is due to the widespread usage of the third-party EA. Consequently, if you exceed the maximum capital allocation rule while utilizing a third-party EA, there is a potential risk of being denied a funded account or withdrawal. It is crucial to be mindful of these risks before deciding to use a third-party EA.

What makes True Forex Funds different from any other prop firm?

True Forex Funds stands out among industry-leading prop firms by offering a unique approach that never restricts your trading style. Unlike many others, you have the freedom to trade during news events, hold trades overnight, and even throughout the weekends.

In contrast to typical prop firms, True Forex Funds has designed an evaluation program that consists of two phases, both of which must be successfully completed for traders to become eligible for payouts. Phase one requires achieving a profit target of 8%, while phase two has a profit target of 5%. Traders must also adhere to the maximum daily loss limit of 5% and the maximum overall loss limit of 10%. Additionally, a minimum trading period of 5 days is required in each phase before becoming funded.

Furthermore, True Forex Funds offers a scaling plan within their evaluation programs. Compared to other industry-leading prop firms, they provide lower profit targets and more relaxed trading rules to follow.

A comparative example between True Forex Funds and E8 Funding:

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A comparative example between True Forex Funds and E8 Funding:

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To summarize, True Forex Funds sets itself apart from other industry-leading prop firms by refraining from regulating your trading style. This means you have the flexibility to trade during news events, hold trades overnight, and even throughout the weekends. Moreover, True Forex Funds implements comparatively lower profit targets and reasonable minimum trading day requirements throughout both evaluation phases.

Is getting True Forex Funds capital realistic?

When assessing prop firms that align with your forex trading style, it is crucial to evaluate the realism of their trading requirements. While a prop firm may appear appealing by offering a high percentage profit split on a well-funded account, it is essential to examine whether their expectations for monthly percentage gains and maximum drawdowns are feasible. Unrealistic targets can significantly diminish your chances of success.

In this regard, receiving capital from True Forex Funds' evaluation program accounts is considered realistic. These accounts feature relatively low profit targets, with phase one requiring 8% and phase two requiring 5% gains. Additionally, the maximum loss rules are set at 5% for daily losses and 10% for overall losses, which are within reasonable limits.

Taking all these factors into account, True Forex Funds emerges as an excellent choice for securing funding. Their evaluation program accounts offer realistic trading objectives and conditions for receiving payouts, making them a favorable option for traders seeking funding opportunities.

Payout proof

True Forex Funds, a reputable proprietary trading firm, has established itself as a prominent player in the industry since its incorporation in October 2021. As evidence of their success, numerous payment proofs from their funded traders can be found, attesting to the firm's track record and reliability.



Which broker does True Forex Funds use?

True Forex Funds differentiates itself by not trading with typical broker brands. Instead, they have established a partnership with a tier-1 liquidity provider. This collaboration enables True Forex Funds to access institutional-grade data feeds and execute trades directly through their live corporate accounts, following a direct market access execution model.

When you join True Forex Funds, you have the flexibility to select your preferred trading platform from the options provided below:

  • MetaTrader 4
  • MetaTrader 5

Trading instruments

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Trading fees

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To view the current live spreads, please log in to the trading account provided below:

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Education & Support

True Forex Funds does not offer any supplementary educational programs. However, they maintain an active thread on ForexFactory, which provides an opportunity to gather additional information about the prop firm from a diverse community of traders.

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Social media statistics True Forex Funds can also be found on social media.

They have a:

  • Facebook page with 4,4,k followers,

  • Instagram profile with 23,2k followers,

  • Youtube channel with 3,77k subscribers with 6 uploaded videos and,

  • Twitter account with 9,029 followers.


In conclusion, True Forex Funds is a reputable proprietary trading company that provides traders with the opportunity to select from various evaluation program account sizes.

Evaluation programs consist of a two-phase challenge commonly used in the industry. Traders must successfully complete both phases to become funded and eligible for profit splits. True Forex Funds sets realistic trading objectives for their evaluation programs, requiring traders to achieve 8% profit targets in phase one and 5% in phase two. These objectives are attainable, especially when adhering to the firm's rules of a maximum 5% daily loss and a maximum 10% overall loss. By participating in evaluation programs, traders can earn 80% profit splits and have the flexibility to scale their accounts.

I highly recommend True Forex Funds to individuals seeking a prop firm with clear and straightforward trading rules. They have a solid reputation as a well-established proprietary trading company and offer favorable conditions for a diverse range of traders with unique trading styles. After considering all the advantages True Forex Funds brings to the table, they undoubtedly rank among the top prop firms in the industry.