Research profile
Profile data updated: September 9, 2026
TrueForexFunds
ClosedNote: TrueForexFunds lost MetaQuotes MT4/MT5 access in early 2024 during MetaQuotes' crackdown on prop firms serving US clients, and subsequently lost broker liquidity from Eightcap and Purple Trading. The firm announced it was ceasing operations in February 2024 with payouts to existing funded traders disrupted.
European-based evaluation prop firm offering Rapid and Standard two-step challenges across forex pairs, indices, metals, and crypto CFDs.
- Headquarters
- Budapest, Hungary
- Founded
- 2021
- Funding model
- Evaluation Based
- Geographic availability
- Worldwide policy not clearly stated
U.S. traders: Not confirmed
May suit
traders focused on forex, crypto; traders comfortable with an evaluation phase.
Consider alternatives if
you require futures, exchange-traded equities, options.
Trader rating
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Overview
What this firm is and who it serves
True Forex Funds was a proprietary trading firm that provided funded trading accounts to retail traders. The company offered evaluation programs designed to identify disciplined traders and grant them access to virtual capital. As of its final official announcement, True Forex Funds has permanently ceased all business operations and closed due to financial insolvency. The firm is no longer accepting new clients or providing trading services.
At a glance
Structured facts about this firm
- Firm Type
- Evaluation Based prop firm
- Market Focus
- Forex, Crypto
- Trading Style
- Discretionary intraday trading
- Retail Accessibility
- Open to retail traders via evaluation
- Based in
- Budapest, Hungary
- Geographic availability
- Worldwide policy not clearly stated
- Known For
- European-based evaluation prop firm offering Rapid and Standard two-step challenges across forex pairs, indices, metals, and crypto CFDs.
Funding programs
Account types and the path to capital
Evaluation
AvailablePass a challenge before receiving a funded account.
Instant funding
—Not offered by this firm.
Scaling plan
—No formal scaling plan documented.
Trading rules
What's allowed, what isn't
Asset classes supported
Related terms: trailing drawdown · consistency rule · profit split
Platforms & technology
Where and how you trade
Supported platforms
Payout structure
How and when you get paid
Pros & cons
A balanced view based on documented terms
Strengths
Trade-offs
- −The firm has permanently ceased all operations due to financial insolvency.
TrueForexFunds FAQs
Based on terms reviewed September 9, 2026
What should traders verify before choosing TrueForexFunds?+
Review the specific program's drawdown rules, payout eligibility, prohibited strategies, platform availability, refund terms and any country restrictions before purchasing. Terms can differ between programs at the same firm. This profile summarizes the latest documented terms we found, but traders should confirm the current rules directly with TrueForexFunds before purchasing.
Does TrueForexFunds offer evaluation and instant-funding options?+
TrueForexFunds offers an evaluation (challenge) path. Program rules, fees and payout terms can differ between paths, so confirm the terms of the specific program you intend to buy.
Which platforms and markets are available at TrueForexFunds?+
Platforms: MT4, MT5. Markets: forex, crypto. Availability can differ by program and by region — confirm on the firm's platform and product pages before purchasing.
Disclosure
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