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True Forex Funds - Proprietary Trading Firm

  • #1
  • First Post: Nov 16, 2021 9:15am Nov 16, 2021 9:15am
Check out our first video to find out what we do, and how you can...
Become our next Trusted True Forex Funds Trader and work with up to $400,000: https://trueforexfunds.com/

Inserted Video
  • #2
  • Nov 16, 2021 9:48am Nov 16, 2021 9:48am
Good luck with everything. I look forward to seeing what sort of solutions that you come up with in an effort to better-accommodate scalpers.
  • #3
  • Nov 16, 2021 10:27am Nov 16, 2021 10:27am
Hi TrueFXFunds

Who owns the company?

Where is your business physically based, and by whom are you regulated, please?
  • #4
  • Nov 16, 2021 11:15am Nov 16, 2021 11:15am
Owner: True Proprietary Funds Kft.
Location: Móricz Zsigmond 1/B. ground floor 14, 9022 Győr, Hungary
Regulation: Not regulated. It isn't a financial institution.

It pertains to a group of what lately some unprofessional traders call a prop-firm. There are many of them that promote their services in the Commercial section of this forum.

Instead, the elite of Real Prop Firms are being discussed in this thread: Prop Firm Elite | Forex Factory
Always ready to help
  • #5
  • Nov 17, 2021 2:32am Nov 17, 2021 2:32am
Thank you very much.
  • #6
  • Nov 17, 2021 2:44am Nov 17, 2021 2:44am
Quoting Nsak3y
Good luck with everything. I look forward to seeing what sort of solutions that you come up with in an effort to better-accommodate scalpers.
Dear Nsak3y,

Scalpers and swing traders are all welcome, as well as using EAs and bots.

What we have outlined in our Rules is the prohibited trading strategies regarding specific bots that we can not allow at anytime

"You are not allowed to use robots that take advantage of demo conditions. Tick scalping, arbitrage bots – reverse arbitrage – latency arbitrage – hedge arbitrage, or any emulators are prohibited.
Using external data feed to monitor gaps in the market and fill your position(s) on the price where no price is available is prohibited, this contradicts how trading is performed in the real world of the forex market. If you used any of the mentioned strategies above, your account will be canceled and you are not eligible for a refund.

We ask you to trade according to live conditions.
For further information, please read our Terms and Conditions sections 6, and 7."

Best regards,
Joseph Kocsis
True Forex Funds
  • #7
  • Nov 17, 2021 9:27am Nov 17, 2021 9:27am
If ever you want to welcome scalpers, then you should set up your demo in such a way that will ensure more realistic trading conditions, or take other measures to make sure that a trader is not flagged or rejected for scalping.

Simply changing your T&C to cover yourself is not good, and you cannot expect traders to know what 'trading according to live conditions' will need to be like, nor expect them to be able to always adhere to that.

I hope that you understand.

Thanks.
  • #8
  • Nov 18, 2021 5:20am Nov 18, 2021 5:20am
Quoting TrueFXFunds
{quote} Dear Nsak3y, Scalpers and swing traders are all welcome, as well as using EAs and bots. What we have outlined in our Rules is the prohibited trading strategies regarding specific bots that we can not allow at anytime "You are not allowed to use robots that take advantage of demo conditions. Tick scalping, arbitrage bots – reverse arbitrage – latency arbitrage – hedge arbitrage, or any emulators are prohibited. Using external data feed to monitor gaps in the market and fill your position(s) on the price where no price is available is prohibited,...
You don't have to waste your time with Nsak3y.
Nsak3y opinions are biased: Prop Firm Hub | Page 269 | Forex Factory

Nsak3y does not contribute to this forum in any productive way.
Always ready to help
  • #9
  • Edited 9:05am Nov 18, 2021 8:36am | Edited 9:05am
Quoting PaulMF
{quote} You don't have to waste your time with Nsak3y. Nsak3y opinions are biased: Prop Firm Hub | Page 269 | Forex Factory Nsak3y does not contribute to this forum in any productive way.
Nsak3y is a peculiar individual with a frantic activity since September 19, 2021. I am not seeing him as helpful neither to retail traders nor to the so-called proprietary firms. He is completely confused about his positioning.
Follow your guts, if you want to lose your money...
  • #10
  • Nov 24, 2021 12:54am Nov 24, 2021 12:54am
True Forex, can you please clarify this rule of your FAQs ?

News trading
You can open or close position during main macroeconomic events. But there is one exception on Funded Trader account, you can’t trade news with stop orders.


This means that in a funded account if I have a stop loss that is triggered by news I will lose my account ? And if that's the case, what's the definition of news ? How many minutes before and after ?
  • #11
  • Nov 24, 2021 1:41am Nov 24, 2021 1:41am
Quoting Capablanca
True Forex, can you please clarify this rule of your FAQs ? News trading You can open or close position during main macroeconomic events. But there is one exception on Funded Trader account, you can’t trade news with stop orders. This means that in a funded account if I have a stop loss that is triggered by news I will lose my account ? And if that's the case, what's the definition of news ? How many minutes before and after ?
Please keep in mind you can trade news, but trade news with Buy Limits or Sell Limits. You can place a Stop Loss. In case the prices reach your SL but with your loss, you are not exceeding our Maximum Daily loss limit or Maximum Overall loss limit, you will not lose your account.


"You can open or close positions during main macroeconomic events. However, there is one exception, that you can not trade news with stop orders on Funded Trader account (your take profit can be reached, your stop loss can be reached, you can open manually during news, but no stop orders on funded accounts - including buy stops and sell stops.) Why? During a volatile event, on a demo account, you can get perfect execution, but when we copy it to our capital, because of the volatility we can not fill the order on your requested price due to the slippage and the delay of the trade copier. It is possible that you realized profit, but we made a loss in live conditions. As soon as we have our own server we will remove this rule because you will trade on live servers."

"Max Daily loss is always 5% of your initial deposit regardless of your balance. Max Daily loss resets at 0:00 CET. How do we calculate it? We check your EQUITY at 0:00 CET and it should not decline more than 5% of your initial deposit daily. You can monitor your Today's Permitted Loss in your client dashboard. It updates in real-time."

"Max Overall loss: Your EQUITY can not fall below -10% of your initial deposit. For example: On a $100,000 account your EQUITY can never fall below $90,000. Your max. overall loss limit will not grow when you generate profits. For example: If you generate profits of $20,000, that means your account will be $120,000 and in this case, also your EQUITY can not fall below $90,000."

If you have further questions please feel free to contact us via chat on our website https://trueforexfunds.com/ or email us at [email protected]
  • #12
  • Mar 13, 2022 6:23am Mar 13, 2022 6:23am
Your payout process makes very difficult to be a funded trader.

You demand that we close all positions the day before the payout by 23:59.

That means we have to:
1. Close all positions, including swing trading positions, the day before
2. During the Payout day we cannot trade
3. We only receive new credentials 2 or 3 days after the payout day

This means that we have to stop trading about 4 days in each cycle of 14 days, which is absurd.

Until you fix this I would not recommend people to go ahead with True Forex.

You pay, indeed (I can testify that), but your payout process is the worse within the prop firms I know.
  • #13
  • May 6, 2022 3:23pm May 6, 2022 3:23pm
The website looks really good.

Only heard about True Forex Funds (TFF) today, hope this takes off...

Phil
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 18.9%
  • #14
  • Jun 7, 2022 2:38am Jun 7, 2022 2:38am
blocked my account after passing all their challenge and asked for payout

after asking for withdrawal they start acting strange and start getting email with other names and asking me what's the relation between us however I simply replying relation as long as I don't know them
after one day I got another email that my account is suspended and I'm a risk for their capital
since that time I'm trying to get more clarification about the same but they not answering emails

don't trust them they are big liars
  • #15
  • Sep 2, 2022 12:08am Sep 2, 2022 12:08am
Quoting TrueFXFunds
{quote} Please keep in mind you can trade news, but trade news with Buy Limits or Sell Limits. You can place a Stop Loss. In case the prices reach your SL but with your loss, you are not exceeding our Maximum Daily loss limit or Maximum Overall loss limit, you will not lose your account. "You can open or close positions during main macroeconomic events. However, there is one exception, that you can not trade news with stop orders on Funded Trader account (your take profit can be reached, your stop loss can be reached, you can open manually during...

So if I'm using pending orders instead of SL to protect my position a hedge it in case of price change
, it cannot be done within news???
Whether you think you can, or you think you can't,you're right. H.F.
  • #16
  • May 25, 2023 8:35am May 25, 2023 8:35am
Hi There ! TFF Is best Prop Firm around.Very Fast ,kind and honest team.Happy to be there
Attached Image (click to enlarge)
Click to Enlarge Name: Tahsin Alper Kizilboga - TFF - $8,490.74 Payout Certificate.png Size: 274 KB
  • #17
  • May 25, 2023 3:15pm May 25, 2023 3:15pm
Quoting Alperfx
Hi There ! TFF Is best Prop Firm around.Very Fast ,kind and honest team.Happy to be there {image}
It's not fast. It's one of the slowest companies processing payouts. They freeze your account on the payout day and only provide new credentials the next day, at the end of the day. You can't trade for 2 business days in each cycle of 14 days. Obsolete procedure.

About honesty and kindness, they are far from that. When theiy had technical problems and caused losses to traders they just said it's not their problem as you can read here.
  • #18
  • May 25, 2023 9:07pm May 25, 2023 9:07pm
TFF needs to change their policies. Big until then.
  • #19
  • Jun 14, 2023 5:09am Jun 14, 2023 5:09am
Quoting Nsak3y
TFF needs to change their policies. Big until then.
Dear Nsak3y,

Thank you for your feedback,

Please feel free to contact our support team in case of any personal account-related requests in live chat or at [email protected], we will be glad to help you and assist you further.

Best regards,
Ferdaous
True Forex Funds.
  • #20
  • Jun 14, 2023 6:14am Jun 14, 2023 6:14am
Quoting Capablanca
{quote} It's not fast. It's one of the slowest companies processing payouts. They freeze your account on the payout day and only provide new credentials the next day, at the end of the day. You can't trade for 2 business days in each cycle of 14 days. Obsolete procedure. About honesty and kindness, they are far from that. When they had technical problems and caused losses to traders they just said it's not their problem as you can read here.
Dear Capablanca,

Thank you for your interaction and feedback,

Kindly note that it is possible to trade consecutively on our platform as we do not have such restrictions on the funded accounts since the 14 days start after the first placed trade. After configuring your Payout, we usually provide our funded traders with the new credentials in 1-2 business days but in most cases, it might appear earlier than that.

Please feel free to contact us in case of any further inquiries concerning our rules via direct chat or by email at [email protected].

We are here to assist you anytime and to clarify our rules.

Best regards,
True Forex Funds Team.
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