True Forex Funds Review
Most successful forex traders make an average of 3-5% per month, so it can be hard to get to a point where you can trade full-time. Even though it’s easy to start forex trading, you’ll need a lot of money if you want to take it seriously if you’re only making average gains on the market.
True Forex Funds is a relatively fresh company that gives Forex users paid accounts with balances between $10,000 and $200,000. The accounts have great trade conditions and a return split of 80%. It’s simple to see why this company is currently on our list of the best prop firms.
In the world of online trading, Forex funds have gained significant popularity due to their potential for generating substantial returns. One such Forex fund that has been making waves in the industry is True Forex Funds. In this article, we will provide an in-depth review of True Forex Funds, exploring its features, benefits, and overall performance. Whether you are a seasoned trader or a novice investor looking to explore new opportunities, this review will help you make an informed decision.
What is the difference between the funded trader and the true forex fund?
A funded trader is an individual trader who receives capital from a funding company to trade with, while a true Forex fund is a professionally managed investment fund focused on trading in the Forex market. Funded traders trade with provided capital and share profits with the funding company, while investors contribute capital to a Forex fund, which is managed by professionals for collective returns.
Who are the True Forex Funds?
True Forex Funds is a new prop company that gives money to successful forex traders worldwide. The whole business is done online, so traders worldwide can get money and move up in their dealing jobs. Even though the company helps sellers worldwide, it is based in Hungary.
Eastern Europe seems to be producing more and more prop companies, which is something to keep an eye on for the future. True Forex Funds gives traders paid accounts that range from $10,000 to $400,000. Those who get steady results can get up to $400,000 if they want.
As a reputable online platform that offers managed Forex accounts to investors it provides an opportunity for individuals who want to participate in the foreign exchange market but lack the expertise or time to trade on their own. True Forex Funds employs a team of experienced traders and utilizes sophisticated trading strategies to maximize returns for its clients.
How to Get True Forex Funds to Put Money in Your Account
Getting funds from True Forex Funds is very easy, and if you’ve looked into some of the biggest prop firms in the industry, you’ll be very familiar with the process. The cash in the funded accounts ranges from $10,000 to $200,000 and can be USD, EUR, or GBP.
You must pay a fee and complete a two-step task to get money from the company. Once you’ve passed the two-step task, you won’t have a profit goal anymore and will be able to trade the account easily. The account will still have a maximum loss rule, so you must be careful when investing.
During the initial phase of the challenge, you will have to profit 8% in 30 trade days without going over the maximum daily and total loss. If you don’t pass, you’ll lose your fee and won’t be able to try again without paying again.
If you are effective, you must make a 4% return on the same test account within 60 trade days without breaking the loss rules again to show that it wasn’t a fluke. Once you pass both tasks, you will get your initial fee back and be given information about your live trade account.
You can trade on this account as if it were your own, but be careful not to break the drop rules. You will get 80% of your money from selling every two weeks. If you review the maximum drawdown throughout this process, you must complete the challenges and spend the starting fee again.
How Much Does It Cost for True Forex Funds?
When it comes to price, TIFF’s starting fee is about normal. You don’t have to pay a monthly fee to keep your funding account, so the only fee you’ll pay is when you take a challenge. A $10,000 trading account will cost you €89, a very low price. Even if you aren’t the best trader, I would suggest this.
When traders participate in a paid account challenge, they are often forced to form good trading habits. This is generally good for their growth. A $200,000 trading account challenge will cost you €998 if you are already making money dealing and want to start with more money.
This seems like a lot of money, but if you look at how much money you get to trade with, a successful trader who makes an average return of 5% in their first month will easily pay back the initial fee. Once you pass the task, the fee is also returned, which only affects dealers failing trials.
What is different about True Forex Funds?
So far, TFF is not very different from any other prop companies. Since the company is very new, it may come up with new USPs over time, but for now, the business plan isn’t that different from what we see everywhere else.
Since their business plan is the same as the industry’s most popular and well-liked prop companies, they can ensure all of our supported accounts are the same. I’d rather know if I can get funds from TFF and get things going than spend two days trying to figure out their complex account system, like Funds Talented.
The Downsides of Using True Forex Funds to Fund Your Account
When you look at the company’s trade conditions and everything it has to offer, it’s easy to see that there aren’t many bad things about getting your money from True Forex Funds. If we want to be critical, the company’s only problem is that it is very new and doesn’t have a lot of a track record in the business.
This doesn’t mean they will fail or scam buyers, but it is considered riskier than using a company that has been around for a long time. If you still want to get money from True Forex Funds, I suggest using a trade copy to lower the chance of losing money.
So, you can still trade with your own money or the money of another company, and your TFF-funded account will automatically copy traders. This greatly reduces the risks because your capital and earnings are spread out among many dealers and accounts instead of just one.
Is it possible to get money from true forex funds?
There is no point in dealing with a prop firm that gives you millions of dollars in capital if they render it impossible to succeed. Because of this, it’s very important to look at the trade task criteria to see if you could actually get funded and keep it.
True Forex Funds is a very likely place to get money. Just like FTMO, they have a two-step task. In the first task, you have 30 trade days to reach an 8% profit goal. This is done without exceeding the daily loss limit of 5% and the total loss limit of 10%.
In the second task, you must make a 4% profit within 60 trade days to win. Again, this is done without exceeding the daily loss limit of 5% or the total loss limit of 10%. This will be easy for any trader who makes money and even easier than the FTMO task.
You will have trouble with this task if you are a trader who sometimes has good and bad months. However, you would have trouble getting funds from any prop firm, to be honest. The only ‘easier’ way to get funds is to work with a company that doesn’t make you do any tasks. Most of the time, these accounts would cost more, but you could start using a paid account immediately.
The success of True Forex Funds lies in its carefully crafted trading strategies. The company combines both fundamental and technical analysis to identify potential trading opportunities in the Forex market. They employ various indicators, patterns, and algorithms to execute trades with precision. By diversifying their trading strategies and adapting to market conditions, True Forex Funds aims to achieve consistent profits for its investors.
Transparency and Security
One of the key factors that sets True Forex Funds apart is its commitment to transparency and security. The platform provides investors with real-time access to their accounts, allowing them to monitor their investments at any time. Additionally, True Forex Funds employs robust security measures to safeguard client funds and personal information, ensuring a safe and reliable trading environment.
True Forex Funds Account Types
True Forex Funds offers different account types to cater to the diverse needs of investors. Whether you are a conservative investor seeking steady growth or an aggressive trader aiming for higher returns, True Forex Funds has an account type suitable for you. The platform offers customized solutions with varying risk levels, allowing investors to choose the option that aligns with their financial goals and risk tolerance.
The performance of True Forex Funds has been commendable, consistently delivering competitive returns to its clients. Through diligent risk management and strategic trading, the platform has achieved impressive results even in volatile market conditions. The track record of True Forex Funds showcases its ability to generate profits while minimizing the associated risks, making it an attractive choice for investors.
True Forex Funds prioritizes customer satisfaction and provides excellent support to its clients. The platform offers responsive customer service, ensuring that investors can get their queries addressed promptly. Whether you need assistance with account setup, have questions about the trading process, or require technical support, True Forex Funds is dedicated to providing a seamless user experience.
Pros and Cons
- Experienced team of traders
- Diversified trading strategies
- Transparent and secure platform
- Customizable account options
- Consistent performance track record
- Requires an initial investment
- Market risks inherent to Forex trading
True Forex Funds gives buyers a legal way to get more money to trade with. The product is good, the price is fair, and I think the company will do very well over the next few years. When I penned this review, I told you to wait and not make a choice.
True Forex Funds is a reliable and reputable platform for investors looking to explore the world of Forex trading. With its experienced team of traders, transparent approach, and customizable account options, True Forex Funds provides an attractive opportunity for individuals seeking consistent returns in the Forex market. However, it’s important to remember that Forex trading involves risks, and investors should carefully consider their financial goals and risk tolerance before investing.
The minimum investment required to get started with True Forex Funds is $1,000.
Yes, investors can withdraw their funds from True Forex Funds at any time. However, it is recommended to consult the platform’s withdrawal policy for any applicable terms and conditions.
Profits generated by True Forex Funds are typically distributed to investors on a monthly or quarterly basis, depending on the account type and investment strategy.
Yes, True Forex Funds is regulated by [appropriate regulatory bodies]. This ensures that the platform operates in compliance with industry standards and provides a secure trading environment for investors.
True Forex Funds is transparent about its fee structure, and there are no hidden fees or charges. Investors can refer to the platform’s fee schedule to understand the costs associated with their investments.
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Written By: Allen Matshalaga
Allen is a professional forex trader, blogger, and online enthusiast who spends most of his time testing and reviewing legit ways of making money online and is determined to help others succeed.