True Forex Funds

True Forex Funds is a prop firm based in Hungary that offers motivated but undercapitalized traders up to $400,000 in funding with an 80% profit split. The firm is partnered with a tier-1 liquidity provider who provides direct market access as their broker. True Forex Funds is a registered company under the name True Proprietary Funds Kft., with an ID number of 08-09-033732 and a VAT identification number of HU27478930. Their offices are located at Móricz Zsigmond 1/B. ground floor 14, 9022 Győr, Hungary.

True Forex Funds offers traders the option to choose between different evaluation program accounts. The aim of these accounts is to identify consistent and talented traders who can meet profit targets during the two-phase evaluation period. The evaluation program accounts allow traders to trade with 1:100 leverage and choose their account funding in USD, EUR, or GBP.

Phase one of the evaluation requires traders to reach a profit target of 8% without exceeding the firm's 5% daily loss limit or 10% maximum loss rule. This must be achieved within 30 calendar days from the first trade on the evaluation account. There is no minimum trading days requirement to move on to phase two.

Phase two of the evaluation requires traders to reach a profit target of 4% without exceeding the firm's 5% daily loss limit or 10% maximum loss rule. This must be achieved within 60 calendar days from the first trade on the evaluation account. There is also no minimum trading days requirement to move on to a funded account.

Upon completing both evaluation phases, traders are awarded a funded account with no profit targets. They are only required to follow the 5% daily loss limit and 10% maximum loss rule. The first payout is 14 calendar days from the first trade on the funded account, during which time traders must trade a minimum of 5 days with consistent lot sizes. If the minimum trading days requirement is not met, the first payout will be delayed until 30 calendar days from the first trade. All subsequent payouts will be made on a bi-weekly basis based on the trader's profits, with a profit split of 80%.

True Forex Funds stands out among other prop firms in the industry because they do not regulate your trading style. This means that you are free to trade during news events, hold positions overnight, and trade on weekends. In addition, their evaluation program is a two-phase process that requires traders to meet certain profit targets before they are eligible for payouts. The profit targets are 8% in phase one and 4% in phase two, and there are rules in place to limit daily losses to 5% and overall losses to 10%. Another unique aspect of True Forex Funds' evaluation program is that there is no minimum trading day requirement for either phase. Overall, their evaluation program has lower profit targets and more flexible requirements compared to other prop firms in the industry.

True Forex Funds is a relatively new prop firm, so there is not a lot of information available about their payment processes. However, it is known that payouts are processed 14 days after a trader's first trade is placed on their Funded Trader account. The profit split for traders is a generous 80%. During this 14-day period, traders are required to trade for at least 5 days. If this requirement is not met, the payout will be available on the next bi-weekly date. Payouts are processed on the same day they are requested. If a trader does not wish to withdraw their profits within 14 days, they can continue trading on their account until the next profit split. If there are no profits at the time of withdrawal, the trading period will be automatically extended. To receive their payouts, traders must submit an invoice to invoice@trueforexfunds.com. True Forex Funds will provide all the necessary information to create an invoice.

True Forex Funds does not use common broker brands for its trading. Instead, they partner with a tier-1 liquidity provider that provides institutional data feeds and direct market access execution on their corporate accounts. As for trading platforms, traders can choose from MetaTrader 4 and MetaTrader 5.

If you have any questions or need more information, you can visit True Forex Funds' FAQ page to see if your question has already been answered. If you cannot find the information you need, you can contact their support team through their email address (support@trueforexfunds.com) or by using their social media channels. Their support team is available through live chat from 7 AM to 3 PM (CE(S)T). To stay up-to-date on the latest news and events from True Forex Funds and connect with other traders, you can also join their Discord channel.

In conclusion, True Forex Funds is a legitimate prop firm that offers traders different evaluation program account sizes to choose from. Their evaluation programs are industry-standard two-phase challenges that require traders to meet certain profit targets before becoming funded and eligible for profit splits. True Forex Funds requires traders to reach profit targets of 8% in phase one and 4% in phase two, which are realistic given the 5% maximum daily and 10% maximum loss rules that are in place. With these evaluation programs, traders can earn 80% profit splits and scale their accounts as needed. Overall, True Forex Funds is a great option for traders who want straightforward trading rules and the opportunity to earn significant profits. Despite being a relatively new firm, they are quickly becoming one of the industry leaders in the prop trading space.