My Forex Funds & True Forex Funds Two-step Comparison

In this article, we will be making a general and two-step comparison between My Forex Funds and True Forex Funds.

Home » My Forex Funds & True Forex Funds Two-step Comparison

In this article, we will be making a general and two-step comparison between My Forex Funds and True Forex Funds. We will compare the two mentioned proprietary trading firms in general and what they are offering to forex traders worldwide.

Company Details

Company DetailsMy Forex FundsTrue Forex Funds
Incorporation DateJuly 2020October 2021
CEOMurtuza KazmiRichard Nagy
Office LocationToronto, CanadaGyőr, Hungary
Maximum Allocation Capital2x $300,000$400,000

My Forex Funds and True Forex Funds are both reliable and trustworthy proprietary trading firms. My Forex Funds was incorporated in July 2020, while True Forex Funds started operating in October 2021. When it comes to CEOs, Murtuza Kazmi is the CEO of My Forex Funds, while True Forex Funds is being run by Richard Nagy. My Forex Funds has offices located in Toronto, Canada, while True Forex Funds has its headquarters in Győr, Hungary. And lastly, when it comes to the maximum allocation capital, traders can manage 2x $300k two-step evaluation accounts with My Forex Funds, while with True Forex Funds, traders can obtain funding up to $400k. Note that both proprietary trading firms also have a scaling plan with unlimited upside potential.

Funding Program Options

Funding Program OptionsMy Forex FundsTrue Forex Funds
One-step Evaluation
Two-step Evaluation
Instant Funding

My Forex Funds and True Forex Funds both offer multiple funding programs to forex traders worldwide. My Forex Funds offers a unique one-step evaluation, a two-step evaluation, and an instant funding program. True Forex Funds, on the other hand, offers a two-step evaluation.

That being said, let’s take a look at the comparison of the two-step evaluation programs.

Two-step Comparison:

Trading Rules/ObjectivesMy Forex FundsTrue Forex Funds
Phase 1 Profit Target8%8%
Phase 2 Profit Target5%5%
Daily Drawdown5%5%
Overall Drawdown12%10%
Minimum Trading Days5 calendar days5 calendar days
Trading PeriodStep 1: 30 calendar days
Step 2: 60 calendar days
Step 1: 30 calendar days
Step 2: 60 calendar days
Profit Split75% up to 90%80%

Now that we have gone covered all the rules and guidelines of the two-step evaluation. Let’s take a closer look at prices.

Account SizeMy Forex FundsTrue Forex Funds

Brokers & Trading Platforms

After covering all the trading objectives, rules, and pricing, let’s take a closer look at brokers and trading platforms that we can use with each proprietary trading firm.

My Forex FundsTrue Forex Funds
BrokerTraders Global GroupTier-1 Liquidity Provider with Direct Market Access
Trading PlatformMetaTrader 4, MetaTrader 5MetaTrader 4, MetaTrader 5

Trading Instruments

Another important factor when comparing proprietary trading firms is trading instruments. Below you can see which trading instruments we can trade with My Forex Funds and True Forex Funds.

Trading InstrumentMy Forex FundsTrue Forex Funds
Forex Pairs

Community Feedback

The last topic we will go through is community feedback from My Forex Funds and True Forex Funds. We will be looking at feedback from Trustpilot regarding both proprietary trading firms.

Trustpilot statisticsMy Forex FundsTrue Forex Funds
Number of Reviews10,871641

My Forex Funds has a rating of 4.8/5 out of a total of 10,871 reviews, while True Forex Funds has a rating of 4.5/5 out of 641 reviews. Based on the statistics, we can clearly see that My Forex Funds is the more popular proprietary trading firm at the moment.


In conclusion, My Forex Funds and True Forex Funds are two excellent proprietary trading firm choices for any trader. We can see some clear differences regarding the trading rules and objectives, prices, and community feedback. In addition, we can also see that there is a difference regarding funding program options since My Forex Funds offers the following three: one-step evaluation, two-step evaluation, and instant funding. On the other hand, True Forex Funds offers a two-step evaluation.

We will be ending the comparison with our special discount codes for each of the two compared proprietary trading firms. You can find both discount codes below!

My Forex Funds 5% active discount code: forexpropreviews5

True Forex Funds has a 15% cashback option for those who purchase a challenge through our affiliate link

This comparison was lastly updated on 16.02.2023 at 14:49 (CE(S)T).

2 Replies to “My Forex Funds & True Forex Funds Two-step Comparison”

  • Steph Westwood says:

    SCAM!!! SCAM!!!

    They blocked me two 200k funded accounts saying that my trading style is similar to other people.

    Don’t waste your money with them! It’s a SCAM

    Viktor Meszaros
    Risk Manager
    True Forex Funds

    Investment scam
    Customer Advisory: Beware of Fee Scams
    Is Your Forex Broker a Scam?

    • Prop Reviews says:

      Kindly note that based on your description of why they refused to provide you with live-funded accounts, you clearly breached the maximum allocation capital rule. This can occur by two different methods. Firstly if you are using an EA that is not yours, meaning that more people have access to which consequentially has the possibility of breaching the maximum allocation rule of $400k. The second option is if you were using any type of third-party copy trading or signals service. The problem with this one is that more people have access to it which enables the chance of breaching the $400k maximum allocation rule.
      In addition, kindly note that True Forex Funds are a legitimate proprietary trading firm that pays its traders on a regular basis as long as all the rules are being followed that is stated in the contract agreement that you sign and that is mentioned in their Terms & Conditions.

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