True Forex Funds – Since October 2021

True Forex Funds is one of the leading proprietary trading firms in the industry that started operating in October 2021. They are a European-based proprietary trading firm with main offices located in Budapest, Hungary.

True Forex Funds is offering traders a two-step evaluation challenge with five different account sizes. They can choose between $10,000, $25,000, $50,000, $100,000, and $200,000 account sizes. In addition, they also allow traders to choose funding in different currencies: USD, EUR, and GBP.

Evaluation phase one requires a trader to reach a profit target of 8% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. You are required to hit your profit target in 30 calendar days from the day you place your first position on your evaluation account. You are also required to trade a minimum of five trading days in order to proceed to phase two.

Evaluation phase two requires a trader to reach a profit target of 5% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. You are required to hit your profit target in 60 calendar days from the day you place your first position on your evaluation account. You are also required to trade a minimum of five trading days in order to proceed to a funded account.

By completing both evaluation phases, you are awarded a funded account where you have no profit targets. You are only required to respect the 5% maximum daily loss and 10% maximum loss rules. Your first payout is 14 calendar days from the day you place your first position on your funded account. In this time period, you are required to trade a minimum of 5 calendar days while trading with consistent lot sizes. You should note that if you don’t trade a minimum of 5 days in the 14 calendar-day periods, you will receive your first payout after 30 calendar days. Note that whenever you receive your first payout, all of your next payouts will be based on a bi-weekly basis. Your profit split will be 80% based on the profit you make on your funded account.

With True Forex Funds, traders are allowed to trade forex pairs, commodities, indices, and cryptocurrencies. In addition, evaluation challenge accounts also have a scaling plan. You are required to reach a profit target of 8% or more within a three-month period where two out of the three months were profitable. You will receive an account increase of 25% of the original account balance.

Do you have any experience with True Forex Funds, or are you looking to join them in the future? Let us know in the comments!