Profile
True Forex Funds is a proprietary trading firm offering funded accounts to retail traders through a challenge-based evaluation system. Based in Hungary and established in 2021, the firm provides access to global markets using MetaTrader platforms, allowing traders to scale capital without risking their own funds. This True Forex Funds review explores its funding models, platform features, execution, and regulatory position as of 2025.
Regulation and Security
True Forex Funds is not a regulated broker. It is a proprietary trading firm operating under Hungarian jurisdiction, offering evaluation challenges to identify skilled traders. As it does not provide brokerage services or manage client deposits, it falls outside the scope of financial regulation by authorities such as CySEC, FCA, or ASIC.
Client protection is limited to operational transparency. Since users pay for evaluation access and trade virtual accounts, there is no deposit risk in the traditional sense. However, because it is unregulated, users should conduct due diligence before participation.
Execution Model
True Forex Funds uses demo environments with simulated execution during the challenge and funded phases. Once funded, traders are connected to the firm’s internal liquidity via a proprietary bridge using STP-style execution.
There is no direct market access (DMA), and traders are not executing on live markets. Instead, performance is tracked, and payouts are distributed based on simulated profitability. Slippage and spreads may not reflect true market conditions.
Trading Platforms
Traders at True Forex Funds can choose between:
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
Both platforms support EA trading, custom indicators, and strategy automation. The firm offers mobile and desktop versions with full trading functionality. No proprietary platform or third-party integration is currently available.
Supported Markets
True Forex Funds offers access to a wide range of synthetic and real-market instruments for challenge and funded trading, including:
- Forex: All major and minor pairs
- Indices: US30, NAS100, GER40, UK100
- Commodities: Gold, silver, oil
- Crypto: BTC, ETH, LTC (via CFD representation)
All instruments are available as CFDs. Market availability may vary between challenge and funded phases due to risk control.
Funding Models and Trading Conditions
True Forex Funds operates on a two-step evaluation process:
- Phase 1: Reach a profit target of 8% within 30 days, with a 5% daily and 10% overall drawdown limit.
- Phase 2: Reach a profit target of 5% within 60 days, with the same drawdown limits.
After successful evaluation, traders receive a simulated funded account of up to $400,000 with profit splits typically ranging from 80–90% in the trader’s favour. Trading conditions include:
- Leverage: Up to 1:100 (forex), lower for crypto and indices
- Spreads: Variable, typically from 0.1–0.5 pips (EUR/USD)
- Trading hours: Full market hours, no weekend holding
- News trading: Permitted with some restrictions
Retail and Professional Suitability
True Forex Funds is designed for retail traders seeking access to capital without risking personal funds. The firm provides tools for active day traders, scalpers, swing traders, and algo developers.
It does not offer institutional services, FIX APIs, or liquidity aggregation. There is no support for MAM accounts, white labels, or brokerage partnerships.
Client Protection and Transparency
Since True Forex Funds is not a broker, it does not custody client funds. Its model is based on evaluation fees, which removes the risk of fund mismanagement. Additional policies include:
- Transparent challenge rules and trading objectives
- Rapid customer support via live chat and email
- Regular payout cycles via bank transfer or crypto
However, there are no guarantees of capital continuity or third-party fund insurance.
Base Currencies, Order Types, and API Access
Challenge fees and simulated accounts are denominated in USD. Order types supported through MT4/MT5 include:
- Market, limit, stop, and trailing stop
- Pending and conditional orders
API or FIX access is not available. Traders may use Expert Advisors and custom indicators within the MT4/MT5 framework.
Pros and Cons
- Pros:
- High capital funding potential (up to $400K)
- Profit splits up to 90%
- MT4 and MT5 platform compatibility
- Flexible trading strategies allowed (including EAs)
- Cons:
- No regulation or financial licensing
- Simulated trading environment with no real market execution
- No FIX API or institutional trading tools
- Evaluation fees are non-refundable unless terms are met
Frequently Asked Questions
Is True Forex Funds a regulated broker?
No. True Forex Funds is a proprietary trading firm, not a regulated broker, and does not handle client deposits.
What platforms does True Forex Funds support?
True Forex Funds supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for all phases of trading.
What is the maximum funded account size?
Traders can scale up to a maximum virtual funded account of $400,000, depending on performance and scaling plans.
Are traders trading real funds at True Forex Funds?
No. Trades are executed on demo environments, and payouts are based on simulated performance, not real capital deployment.
Can I use Expert Advisors (EAs) with True Forex Funds?
Yes. EAs and algorithmic strategies are permitted on both MT4 and MT5 platforms.
