TrueForexFunds.com Review
3.986 •
66 REVIEWS
Prop Firm
TrueForexFunds is a proprietary trading firm. TrueForexFunds.com offers prop trading on forex, indices, metals, oil and cryptocurrencies.
Details
Established: | 2021 |
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Contact: | support@trueforexfunds.com |
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3.986 •
66 REVIEWS
TrueForexFunds.com Most Helpful Customer Reviews
N
njelbowdrop
US, USA,
Feb 4, 2024,
Registered user
Offered a discount and then went out of business. Beware
Service use: Demo
Length of use: 0-3 Months
They offered a discount code to get revenue. I fell for it. Two weeks later they are out of business. I would tell people to stay away, except they went out of business. Probably a good thing. We don't need people like these around.
Reply by True Forex Funds submitted Apr 8, 2024:
Dear njelbowdrop,
Thank you for your feedback!
Please know that we are back in business and that we are continuously working on implementing a new platform for our US citizens. Based on the current status of Match-Trader, we are undergoing testing and anticipate its completion soon. Kindly make sure to follow us on social media for upcoming news! Until then, we appreciate the patience of all of our US clients!
Best regards,
True Forex Funds Team
Thank you for your feedback!
Please know that we are back in business and that we are continuously working on implementing a new platform for our US citizens. Based on the current status of Match-Trader, we are undergoing testing and anticipate its completion soon. Kindly make sure to follow us on social media for upcoming news! Until then, we appreciate the patience of all of our US clients!
Best regards,
True Forex Funds Team
T
toekneepmg
Oregon, USA,
Oct 18, 2023,
Registered user
Trade at your own risk
Service use: Live
Length of use: 3-6 Months
My wife & I have been using TFF for quite a few months now & honestly it started out really great... until it wasn't.
A few weeks after we had a few decent payouts everything went down hill. The spread & slippage went through the roof. Even some of our winning trades were losers because of such a large spread.
I understand slippage & it should go both ways. In your favor & against. & At first it was. The last month or more we never had a single trade with positive slippage.
It was the last straw for us when we had two trades in the same day on two separate accounts that both had an EP (equity protector/close all trades) set at a drawdown of $3,500 that, upon closing, incurred a loss of over $6,000! That's over 70% slippage!
To me it's a result of obvious manipulation. We trade on other prop firms also, with nothing anywhere close to this anywhere else! All other prop firms we use all seemed to have regularly occuring slippage (in both directions) all during this time period.
Save yourself some money & go somewhere else.
p.s. - True Forex Funds also uses the same broker as My Forex Funds
- myforexfunds.com
p.s.s. - As I write this review on this site I'm required to check a box stating that, and I quote, "I have not been offered any payment or other incentive (like a bonus or discount) to write this review", BUT... TFF does offer an incentive for positive reviews! I quote again, "Write a review about us on Trustpilot and lower your your profit targets in the Challenge stage by 0.5%!" As well as "Share your success (your last True Forex Funds certificate) in your Instagram story, tag us, and get a 5% deposit increase on your next funded account."
I have not received any such bonus.
A few weeks after we had a few decent payouts everything went down hill. The spread & slippage went through the roof. Even some of our winning trades were losers because of such a large spread.
I understand slippage & it should go both ways. In your favor & against. & At first it was. The last month or more we never had a single trade with positive slippage.
It was the last straw for us when we had two trades in the same day on two separate accounts that both had an EP (equity protector/close all trades) set at a drawdown of $3,500 that, upon closing, incurred a loss of over $6,000! That's over 70% slippage!
To me it's a result of obvious manipulation. We trade on other prop firms also, with nothing anywhere close to this anywhere else! All other prop firms we use all seemed to have regularly occuring slippage (in both directions) all during this time period.
Save yourself some money & go somewhere else.
p.s. - True Forex Funds also uses the same broker as My Forex Funds
- myforexfunds.com
p.s.s. - As I write this review on this site I'm required to check a box stating that, and I quote, "I have not been offered any payment or other incentive (like a bonus or discount) to write this review", BUT... TFF does offer an incentive for positive reviews! I quote again, "Write a review about us on Trustpilot and lower your your profit targets in the Challenge stage by 0.5%!" As well as "Share your success (your last True Forex Funds certificate) in your Instagram story, tag us, and get a 5% deposit increase on your next funded account."
I have not received any such bonus.
Reply by True Forex Funds submitted Dec 22, 2023:
Dear NAME REMOVED TO PROTECT THE PRIVACY OF THIS REVIEWER,
We appreciate your review!
As detailed in our email correspondence, none of the trades on your account were terminated due to Stop Loss (SL) orders. All trades were closed manually.
Following a comprehensive review of your account, we were unable to identify any slippage, as you've asserted. It's essential to recognize that slippage is a common occurrence in trading and can result from market conditions. It does not imply any wrongdoing on our part.
We treat allegations with the utmost seriousness and wish to underscore that baseless claims can harm our reputation and business. We remain dedicated to ethical business conduct and full transparency in all our transactions.
While we don't provide rewards for positive reviews, we value and thank our supportive traders. Importantly, we're not affiliated with any prop firm; instead, we've partnered with various liquidity providers and trusted crypto exchanges. This collaboration enables us to offer top-tier trading conditions on our server, including 0.0 pip spreads. Consequently, it's impossible for us to have the same broker as MFF.
However, if you would like to know more about your case, we advise you to follow up with our recent email, and we would be happy to help!
Best regards,
True Forex Funds team
We appreciate your review!
As detailed in our email correspondence, none of the trades on your account were terminated due to Stop Loss (SL) orders. All trades were closed manually.
Following a comprehensive review of your account, we were unable to identify any slippage, as you've asserted. It's essential to recognize that slippage is a common occurrence in trading and can result from market conditions. It does not imply any wrongdoing on our part.
We treat allegations with the utmost seriousness and wish to underscore that baseless claims can harm our reputation and business. We remain dedicated to ethical business conduct and full transparency in all our transactions.
While we don't provide rewards for positive reviews, we value and thank our supportive traders. Importantly, we're not affiliated with any prop firm; instead, we've partnered with various liquidity providers and trusted crypto exchanges. This collaboration enables us to offer top-tier trading conditions on our server, including 0.0 pip spreads. Consequently, it's impossible for us to have the same broker as MFF.
However, if you would like to know more about your case, we advise you to follow up with our recent email, and we would be happy to help!
Best regards,
True Forex Funds team
A
asbasit
Calgary, Canada,
May 28, 2023,
Registered user
2nd Payout as smooth as possible...
Service use: Live
Length of use: 0-3 Months
I got my 10k funded account and now thinking to up scale as this firm prove to be a good firm to work with. AL their systems are at the right place and no hidden rules to hurdle your progress. I got my 2nd payout as smooth as possible. would be building my account from here, before looking around. Their support is helpful and professional.
1 trader has found this review helpful
Dariusuy
Massachusetts, USA,
May 19, 2023,
Registered user
Well worth the time
Service use: Live
Length of use: 6-12 Months
Well worth the time I spend with them, Profit targets and rules are today standard and really fair, the metrix page is easy to navigate, understand and informative without being overwhelming , I already have several payouts from them, when you have a payout you just click a button to ask for them already calculated profit then just wait a couple days to get payout on my pocket, not having to calculate myself or sending invoices of any kind, is done automatically.
1 trader has found this review helpful
Tõnis S.
Tallinn, Estonia,
May 11, 2023,
Registered user
My prferred prop firm: TFF
Service use: Live
Length of use: 3-6 Months
I have had experiences with 3 prop firms. So far by far best experience is with TFF. First, user interface is beautiful, clear and simple, also the communication has been always quick, buying challenges and receiving account credentials are the fastest. Getting trough the challenges ( not all of them, sadly) and getting funded account was really smooth. So if you need reliable prop firm then TFF is the way to go
1 trader has found this review helpful
Recent User Reviews of TrueForexFunds.com
M
mikeyyy
Brisbane, Australia,
May 8, 2024,
Registered user
still my best recommend prop firm
Service use: Live
Length of use: 3-6 Months
I give 5 stars to support TFF, i had 200k funded account been total requested three times payout first time was instantly 6k profit and other twos took one weeks average times to received it. They are facing payout delay problem but definitely will get paid , hope solve the payout delay soon, and I will buy another challenge after I receive next payout, Let's Go TFF!!!!
Jeumerc
Adelaide, Australia,
May 4, 2024,
Registered user
True Forex Funds is a Survivor and Trustworthy
Service use: Live
Length of use: 6-12 Months
I have got 20k payouts from them before they paused their operation due to Mt5 shudown. They came back with Ctrader and got my accounts traded again and payouts were processed seamlessly using Rise.
I have no problems with them so far. I love their service.
I have no problems with them so far. I love their service.
darmo
jonkoping, Sweden,
Apr 29, 2024,
Registered user
BEWARE!!!!!!!
Service use: Live
Length of use: 0-3 Months
You will receive this email at any time.
Dear Trader(s),
We hope this letter finds you well.
We have identified an intolerable threat causing substantial risk to the company's capital.
The accounts related to the registrations have been identified as intentionally tampering with trading, and with our Terms and Conditions, by utilizing reverse-trading strategies through different registrations to get acceptance to the Funded Account.
Breaching the rules and the Terms and Conditions is unacceptable at True Forex Funds. The actions taken on the accounts on the above-mentioned registrations ascertained us to avoid any further business relations with you, and therefore, your registration at True Forex Funds will be permanently suspended. As highlighted in the prohibited trading strategies https://trueforexfunds.com/assistance-post/prohibited-trading-strategies/
If the Trader violated any of the rules of True Forex Funds Terms and Conditions, the Trader is not entitled to any reward, compensation or refund. Thus the Trader will lose the right to True Forex Funds Funded Account.
In conclusion, we expressly ask you to withhold from new registrations since these will be recognized and would not be refunded or further consequences may be taken into action.
Please be reminded the relationship between the two parties is strictly confidential and you may never disclose any information to any person or entity or publicly disclose it.
After everything, we still wish you great success with your future trades and endeavours.
Best regards,
Viktor Mészáros
Reviewing Department Specialist
True Forex Funds
Dear Trader(s),
We hope this letter finds you well.
We have identified an intolerable threat causing substantial risk to the company's capital.
The accounts related to the registrations have been identified as intentionally tampering with trading, and with our Terms and Conditions, by utilizing reverse-trading strategies through different registrations to get acceptance to the Funded Account.
Breaching the rules and the Terms and Conditions is unacceptable at True Forex Funds. The actions taken on the accounts on the above-mentioned registrations ascertained us to avoid any further business relations with you, and therefore, your registration at True Forex Funds will be permanently suspended. As highlighted in the prohibited trading strategies https://trueforexfunds.com/assistance-post/prohibited-trading-strategies/
If the Trader violated any of the rules of True Forex Funds Terms and Conditions, the Trader is not entitled to any reward, compensation or refund. Thus the Trader will lose the right to True Forex Funds Funded Account.
In conclusion, we expressly ask you to withhold from new registrations since these will be recognized and would not be refunded or further consequences may be taken into action.
Please be reminded the relationship between the two parties is strictly confidential and you may never disclose any information to any person or entity or publicly disclose it.
After everything, we still wish you great success with your future trades and endeavours.
Best regards,
Viktor Mészáros
Reviewing Department Specialist
True Forex Funds
Elictra32
Bangkok, Thailand,
Apr 23, 2024,
Registered user
Great funded
Service use: Live
Length of use: 6-12 Months
Thank you for your hard work and for successfully recovering the fund. I have made several withdrawals here, and the process is always quick and without any issues. The platform is excellent, and the problem resolution is swift.
N
nilanga9
Sydney, Australia,
Apr 18, 2024,
Registered user
Excellent Firm
Service use: Live
Length of use: 3-6 Months
I am using several prop firms at the moment and had good and bad experience with those. So far my experience with TFF has been great. I received my payout 2 days ago. However, it took some time for them to process my payout. Anyway overall experience has been good.