True Forex Funds, a burgeoning proprietary trading firm, has set its sights on empowering undercapitalized traders by offering them the opportunity to manage substantial capital. Since its inception in October 2021, with headquarters nestled in Budapest, Hungary, True Forex Funds has been on a mission to democratize access to trading capital, allowing traders to handle up to $400,000.
Innovative Evaluation Challenge
True Forex Funds introduces a two-phase evaluation challenge designed to assess and nurture trading talent. The firm presents an array of account sizes, starting from $10,000 for €89 up to $200,000 for €998, catering to various levels of trading expertise. The evaluation process involves a profit target of 8% in the first phase and 5% in the second, with strict adherence to a 10% maximum overall loss and a 5% maximum daily loss limit. Traders are given 30 days for the first phase and 60 days for the second to meet these criteria, without a minimum day requirement, showcasing the firm’s flexibility.
Trading Conditions and Platforms
With a leverage option of 1:100 and the choice to fund accounts in USD, EUR, or GBP, True Forex Funds offers an adaptable trading environment. Traders have the liberty to trade during news events, hold positions overnight, and over weekends. Partnering with a tier-1 liquidity provider ensures an institutional data feed with direct market access, enhancing the trading experience on MetaTrader 4 and MetaTrader 5 platforms, with cTrader on the horizon as an additional option.
Structured Dashboard and Community Feedback
The firm’s well-structured dashboard is a notable feature, praised for its ability to help traders monitor their challenge performance effectively. This, coupled with an impressive Trustpilot score of 4.5/5 from 79 reviews, underscores True Forex Funds’ reliability and the high quality of customer support. The feedback highlights quick credential provision, responsiveness, and the informative nature of the dashboard.
Social Media and Customer Support
Engagement with the trading community extends to social media platforms such as Facebook, Instagram, YouTube, and Twitter, where updates and information about True Forex Funds are readily available. The firm’s commitment to excellent customer service is evident in their prompt and helpful support, accessible via live chat on their website or through email at support@trueforexfunds.com.
For traders seeking a supportive environment and an opportunity to grow their capital management skills, True Forex Funds offers a compelling proposition. With flexible evaluation challenges, supportive customer service, and a focus on empowering undercapitalized traders, it is positioned as a promising option for those ready to advance their trading journey.
Explore more about the opportunities within the forex proprietary trading firm landscape by visiting our detailed guide.
