Is True forex funds legit?
According to Trustpilot, True Forex Funds is classified as excellent. It’s scoring 4.6/5.0 after more than 900 reviews from users.
Does true forex funds pay out?
Once you submit your payout request we will work on your payout to reach you as soon as possible and send your new funded account the following business day. How often are withdrawals processed at True Forex Funds? Withdrawals are processed on a bi-weekly basis, including over weekends.
Which broker does true forex funds use?
True Forex Funds does not use common broker brands for its trading. Instead, they partner with a tier-1 liquidity provider that provides institutional data feeds and direct market access execution on their corporate accounts. As for trading platforms, traders can choose from MetaTrader 4 and MetaTrader 5.
What is the minimum days for true forex funds?
Configure your account
Phase 1 Phase 2
Minimum trading days 0 days 0 days
Max Daily Loss 5% ($500) 5% ($500)
Max Overall Loss 10% ($1,000) 10% ($1,000)
Profit Target 8% 5%
What countries are banned from true forex funds?
We all share the passion and essentials of trading, and so do our traders. Please note, restricted countries of AML (Iran, Syria and North Korea (officially the Democratic People’s Republic of Korea)) are subject to due diligence.
Where is true forex funds located?
Where is True Forex Funds located? True Forex Funds is located in Gyor, Hungary.
What is the max daily loss at True forex Funds?
5%
What is the Max Daily Loss at True Forex Funds? – For our “Two Phase Evaluation”: The Max Daily Loss is set at 5% of the initial deposit. This means that your starting equity for the day can’t fall by more than 5% of the initial deposit within a single day.
What is the maximum amount in true forex funds?
What is the maximum funding True Forex Funds offers to its traders? – £280,000. Traders can start with an initial funding of up to $400,000 per trader or strategy for any funded account. With our Scaling Up plan, True Forex Funds offers up to $2.5 million in funding.
How much is the commission per lot in true forex funds?
On Forex and Metal pairs the commission is $3.5 per lot per side. The commission for crypto is only 0.045% lot per side. Also, on Indices, we try to keep the commissions as low as reasonably possible since we only charge for the commissions received from the liquidity provider without any markups.
Who is the CEO of True forex Funds?
True Forex Funds, headed by CEO Richard Nagy, is a Hungary-based proprietary trading firm with two years in the industry. The firm offers trading on MT4 and MT5 platforms and works with a liquidity provider for brokerage services.
Can I trade crypto on true forex funds?
Yes, we offer the opportunity to buy or sell from a selection of 28 of the most popular cryptocurrencies, available for trading 7 days a week.
Can I hold trades over the weekend with true forex funds?
Trading and holding positions overnight and over the weekend are acceptable. Trading with cryptocurrencies during the weekend is also welcome.
What payment methods does true forex fund accept?
How Do I Apply for the Evaluation? | trueforexfunds.com
What payment methods does True Forex Funds accept? We accept both debit and credit cards as well as cryptocurrencies. Our aim is to cater to the diverse preferences of our traders.
Does true forex funds allow bots?
Are trading tools and bots allowed at True Forex Funds? Yes, we support the use of trading tools, indicators, Expert Advisors (EAs), and bots.
Does True forex Funds offer free retry?
True Forex Funds offers free retries for traders whose account balance and equity are positive, but failed to meet the profit target requirements.
Can you merge true forex funds accounts?
You can merge your accounts as you wish under your accounts section until the maximum capital allocation.
What is the minimum withdrawal from true forex funds?
Do you have a minimum withdrawal amount? Although we theoretically have no minimum withdrawal threshold, we only execute profit splits larger than $50 (same in EUR or GBP) due to the possibility that your service provider may charge a processing fee. However, there is no maximum limit for withdrawals.
Who can join true forex funds?
True Forex Funds accept clients who are 18 years old or older, worldwide. We take pride in our clients. We attract, keep and motivate people from countless backgrounds and perspectives. People join us to be involved with our firm and what we stand for.
What is the max daily loss on true forex funds?
What is the Max Daily Loss at True Forex Funds? – For our “Two Phase Evaluation”: The Max Daily Loss is set at 5% of the initial deposit. This means that your starting equity for the day can’t fall by more than 5% of the initial deposit within a single day.
How much is the commission per lot in true forex funds?
On Forex and Metal pairs the commission is $3.5 per lot per side. The commission for crypto is only 0.045% lot per side. Also, on Indices, we try to keep the commissions as low as reasonably possible since we only charge for the commissions received from the liquidity provider without any markups.
Can you copy trade on true forex funds?
We give the opportunity to manage multiple accounts with one click! Copy trading is allowed at our client’s disposal and only from personal accounts that are legally bound to the account holder. There are endless possibilities, but we’d like to mention a few acceptable ways.
What payment methods does true forex fund accept?
How Do I Apply for the Evaluation? | trueforexfunds.com
What payment methods does True Forex Funds accept? We accept both debit and credit cards as well as cryptocurrencies. Our aim is to cater to the diverse preferences of our traders.
Can you merge true forex funds accounts?
You can merge your accounts as you wish under your accounts section until the maximum capital allocation.
What is the profit split in true forex funds?
At True Forex Funds, funded traders receive 80% of closed profits from their accounts, while 20% helps cover the company’s expenses.
How long does true forex funds take to process?
True Forex Funds operates on a bi-weekly payout cycle, ensuring traders receive their earnings every 14 calendar days. We even process withdrawals over the weekend to ensure timely payouts.