trueforexfunds.com – Funding Forex Traders (2024)

FAQs

What happened to TrueForexfunds? ›

True Forex Funds Has Permanently Shut Down Due to Financial Insolvency. Prop trading firm “True Forex Funds” had ceased all operations as of May 13. It really seems like there's a new prop firm shutting down every other week! From the outside it looks like complete chaos.

True Forex Funds is not a trusted broker because it is not regulated by a financial authority with strict standards. We would not open an account for ourselves with them.

Just sign in at https://app.trueforexfunds.com/ click on the Profile, sign the Contracts, select Verification and upload the relevant documents. Don't worry if you don't succeed in uploading the photos right away. We will notify you, explain what you need to change and give you another go.

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.

True Forex Funds has ended its operations and announced plans to permanently close due to financial insolvency. According to a statement on the proprietary trading platform's official website, the firm was unable to improve its financial situation, leading to the discontinuation of its services.

US citizens can easily get a Forex prop firm account by choosing platforms like True Forex Funds. They offer trading platforms such as Match Trader, along with good spreads, fast execution, and reliable customer support.

Take a look at footer of your broker's website. The broker's registration number and governing regulatory body should be clearly displayed. You should then visit the regulator's website to verify the status of your broker's license. Check out this video where I walk through how to verify a broker's regulatory license.

No funded trader accounts are not real accounts. They are demo accounts where you are not trading on legit markets.

True Forex Funds (TFF) Withdrawal Method- Advcash

The firm guarantees that clients will receive their payouts within 24 hours. It is also important to note that the delivery time for bank transfers does not depend on TFF. Delays may occur due to incorrect bank transfer details or accounts that cannot accept dollars.

True Forex Funds welcomes clients aged 18 and above from around the globe. However, due to strict Anti-Money Laundering (AML), Combating the Financing of Terrorism (CFT), and risk management policies, we do not accept clients from the following countries: Afghanistan. Bangladesh.

How long does it take to withdraw money from my funded FX? ›

Speedy Processing: Our withdrawal request processing is efficient, with funds typically reflecting in your account within 1-3 business days.

In conclusion, MyFundedFx is a reputable and reliable prop trading firm that offers competitive funding, advanced trading tools, and exceptional support. Its unique approach to prop trading and transparent evaluation process make it an attractive option for traders of all levels.

The freeze orders were imposed without any prior notice or discussion. This leaves My Forex Funds in a risky position. Currently, they are unable to conduct its regular business operations. This development casts a shadow over the firm's future prospects and has raised concerns within the global financial community.

Why was My Forex Funds shut down? The CFTC closed MFF's accounts due to their allegation that MFF was defrauding its clients by actively trying to prevent them from becoming funded traders, while promising the opposite.

The announcement emphasized the firm's relaunch on the cTrader platform, which they asserted is one of the safest platforms for proprietary trading. Dedicated Forex cloud solutions with stable and fast cross-border connections capable of high-demand scenarios.