If you’re diving into the world of proprietary trading firms, you’ve probably come across the name True Forex Funds. This prop firm has been gaining momentum among aspiring traders who want to trade with serious capital—without risking their own money upfront. But before you jump in, you need more than flashy marketing or a few online testimonials. You need a full understanding of what True Forex Funds actually offers, how it works, and whether it truly lives up to the hype.
This review breaks it all down for you—from the funding process to payout structure, rules, and support—so you can decide if True Forex Funds is the right fit for your trading journey.
What Is True Forex Funds? (And How It Compares)
True Forex Funds is a prop trading firm that provides traders access to funded accounts, allowing them to trade the forex markets using the firm’s capital. Like other prop firms, it operates on a profit-sharing model—if you’re a skilled trader and pass their evaluation process, you get to keep a portion of the profits you generate while trading their funds.
Here’s a snapshot of how True Forex Funds stacks up against other well-known prop firms:
| Feature | True Forex Funds | FTMO | MyForexFunds (pre-shutdown) | The Funded Trader |
| Evaluation Process | Two-step challenge | Two-step challenge | One or two-step | Two-step or instant |
| Max Account Size | Up to $400,000 | Up to $200,000 per account | Up to $300,000 | Up to $600,000 |
| Payout Split | 80%–90% to trader | 80% | 85%–90% | 80%–90% |
| Payout Frequency | Bi-weekly | Monthly (first 30 days) | Bi-weekly | Weekly/Bi-weekly |
| Minimum Trading Days | 5 per phase | 10 per phase | 5 per phase | 3–5 depending on phase |
| Profit Target (Phase 1) | 8% | 10% | 8% | 10% |
| Profit Target (Phase 2) | 5% | 5% | 5% | 5% |
| Maximum Drawdown | 10% overall, 5% daily | 10% overall, 5% daily | 12% overall, 5% daily | 6% daily, 12% total |
| Refund on Pass | Yes | Yes | Yes | Yes |
As you can see, True Forex Funds holds its own in a competitive space. It offers relatively forgiving profit targets and an attractive payout model. Plus, the turnaround for getting funded and receiving payouts is quicker than some rivals.
What You Get with True Forex Funds: Key Features
Let’s break it down into the features that matter most—whether you’re new to prop trading or already shopping around for your next firm.
Evaluation Process
To get funded, you’ll need to pass a two-phase evaluation. The goal here is to prove your consistency and risk management skills.
- Phase 1: Reach 8% profit target within 30 calendar days.
- Phase 2: Reach 5% profit target within 60 calendar days.
- Minimum of 5 trading days per phase.
- No news trading or lot size limits during evaluation, which is a plus.
Scaling Plan
True Forex Funds lets you scale your account up to $400,000. If you’re consistently profitable, they’ll increase your trading capital. That’s a huge incentive for traders with a long-term mindset.
Payouts and Profit Splits
- First payout: Eligible after 14 days from your first trade on a funded account.
- Thereafter: Bi-weekly payouts.
- Payout split: Starts at 80% to you, increasing to 90% after consistent performance.
This makes True Forex Funds one of the more trader-friendly options when it comes to keeping what you earn.
Trading Platform and Assets
- Supports MT4 and MT5, the industry standards.
- You can trade forex, commodities, indices, crypto, and more.
- Leverage: up to 1:100, depending on the instrument.
Support and Community
Their customer service is responsive, with support via live chat and email. The community aspect is growing—traders frequently share updates, progress, and results on social media platforms and trading forums.
Pros and Cons of True Forex Funds
Let’s make it simple with a quick list of the benefits and potential drawbacks of trading with this firm.
Pros
- Lower profit targets (8% and 5%) make it easier to pass compared to FTMO or others.
- Fast payouts—bi-weekly is better than monthly, especially if you’re counting on trading for income.
- Scaling opportunities for consistent traders.
- No minimum lot size or overly restrictive rules.
- Refund of evaluation fee once you get funded.
Cons
- Daily drawdown rule can be tough for aggressive traders.
- Two-step evaluation might still deter some who prefer instant funding.
- Relatively new firm compared to FTMO—less track record, though growing steadily.
- Lack of weekend trading or news scalping may limit strategies.
Frequently Asked Questions
How much does it cost to get started with True Forex Funds?
The cost depends on the account size you choose. Prices typically range from about €89 for a $10,000 account to €999 for a $200,000 account. The fee is refunded if you pass the evaluation and get funded.
Can I trade during high-impact news events?
Yes, news trading is allowed, which is a significant advantage for traders who capitalize on volatility. However, always double-check for any updates in their terms.
Is there a time limit to pass the challenges?
Yes. Phase 1 has a 30-day limit, and Phase 2 allows 60 days. You must also trade for at least 5 days in each phase.
What happens if I fail the evaluation?
If you hit the daily or overall drawdown limit, or you don’t hit the profit target in the allowed time, you fail the challenge. You’d have to pay again to restart.
Does True Forex Funds offer any educational resources?
No formal educational platform yet, but their blog, FAQs, and Discord community often provide useful tips and discussions.
Is the platform regulated?
No, True Forex Funds itself is not a regulated brokerage. They operate under a proprietary model and route trades through regulated liquidity providers, but they are not regulated by financial authorities like the FCA or SEC.
Conclusion
If you’re a skilled trader looking for a flexible, fast-moving prop firm with a straightforward challenge and generous payout structure, True Forex Funds deserves a hard look. It’s not perfect—no firm is—but its lower profit targets, rapid payouts, and trader-focused rules make it a serious contender in the prop trading space.
The firm is growing rapidly, and while it lacks the years of reputation that FTMO has, many traders are finding it to be a solid, responsive, and rewarding experience. Just remember—prop trading is never a shortcut. It requires discipline, strategy, and a strong grasp of risk management.
If that sounds like you, True Forex Funds might just be the launchpad your trading career needs.