True Forex Funds vs The5ers: An In-Depth Two-Step Evaluation Comparison

Comparisons

This article offers a detailed comparison between True Forex Funds and The5ers, focusing on their services and programs for forex traders across the globe.

Company Overview

True Forex Funds, established in October 2021 by CEO Richard Nagy, is headquartered in Győr, Hungary, and offers a maximum allocation capital of $400,000. The5ers, founded in April 2020 under the leadership of Gil Ben Hur, operates from London, UK, with a maximum funding limit of $100,000. Both firms are recognized for their reliability and trustworthiness in the proprietary trading industry.

Funding Program Varieties

Both True Forex Funds and The5ers provide diverse funding programs to their global clientele. True Forex Funds offers three two-step evaluations and a one-step evaluation. The5ers, meanwhile, provides a two-step evaluation, a three-step evaluation, and instant funding options.

Two-Step Evaluation Breakdown

A closer look at the two-step evaluation programs reveals distinct features:

Profit Targets: Both firms set an 8% target in Phase 1 and 5% in Phase 2.
Daily Drawdown: Capped at 5% across all programs for both firms.
Overall Drawdown: Limited to 10% for all options.
Leverage: Both offer up to 1:100 leverage.
Trading Period: Varies between unlimited and specific time frames, depending on the program.
Profit Split: Ranges from 80% to 100% plus a monthly salary for The5ers, while True Forex Funds maintains an 80% split.

Pricing for Two-Step Evaluation Accounts

The pricing structures for two-step evaluation accounts show notable differences:

$10,000 Account: €89 for True Forex Funds’ Standard and €98 for the Limitless program, not offered by The5ers.
$100,000 Account: Priced at €499 for True Forex Funds’ Standard and €549 for Limitless, compared to The5ers’ $495.

Brokers and Trading Platforms

True Forex Funds utilizes Tier-1 Liquidity Providers with Direct Market Access, offering MetaTrader 4 and 5. The5ers, on the other hand, partners with Tier-1 Liquidity Providers to simulate real market trading conditions, exclusively using MetaTrader 5.

Available Trading Instruments

Both firms support trading in forex pairs, commodities, and indices. However, True Forex Funds also allows trading in stocks and cryptocurrencies, unlike The5ers.

Community Feedback and Trustpilot Ratings

On Trustpilot, True Forex Funds enjoys a 4.7/5 rating from 2,257 reviews, while The5ers has a slightly higher rating of 4.8/5 from 1,505 reviews, indicating a strong reputation for both firms in the trading community.

Conclusion

In conclusion, True Forex Funds and The5ers both offer robust proprietary trading options, with distinctive features in their two-step evaluations, pricing, and trading instrument availability. The choice between them would depend on individual trader preferences and requirements.

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