Independent firm profile
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
- Region served
- Europe
Community rating
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Overview
What this firm is and who it serves
TrueForexFunds is a evaluation-based funding trading firm headquartered in Budapest, Hungary, founded in 2021. The firm provides traders with funded accounts to trade forex, crypto.
At a glance
Structured facts about this firm
- Firm Type
- Evaluation Based prop firm
- Market Focus
- Forex, Crypto
- Trading Style
- Evaluation-Based Funding, evaluation-based funding
- Institutional Level
- Retail-accessible proprietary firm
- Retail Accessibility
- Open to retail traders via evaluation
- Geography
- Budapest, Hungary · Europe
- 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
Frequently asked questions
Common questions about TrueForexFunds
Is TrueForexFunds a legitimate prop firm?+
TrueForexFunds was founded in 2021 and is headquartered in Budapest, Hungary. European-based evaluation prop firm offering Rapid and Standard two-step challenges across forex pairs, indices, metals, and crypto CFDs.
Does TrueForexFunds require an evaluation?+
Yes. TrueForexFunds requires traders to complete an evaluation phase before being granted a funded account.
What platforms does TrueForexFunds support?+
TrueForexFunds supports the following trading platforms: MT4, MT5.