Certification report:

True Forex
Funds

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 Certification report – The Funded Trader Program

Table of content
Table of content 2
Abstract of the Certification Report of TFF 4
Introduction 5
Challenge Types 6
True Forex Funds 6
Assessment of the General Rules ''2 - Phase Evaluation'' 6
Assessment of the General Rules ''1 - Phase Evaluation'' 8
Assessment of Special Rules 10
Scaling Plan 10
Extra extraordinary rules 11
Terms & Conditions 11
Funded Account Agreement 11
Prohibited strategies 13
Verification process 13
Scaling Plan 14
Pricing 14
Comparison of Direct Challenge Costs 14
Available Assets: 16
Currency Pairs 16
Forex 16
Indices 17
Spot indices 19
Spot commodities 20
Commodities 20
Metals 21
Stocks 21
Cryptocurrencies 22
Trading 24
Server Provider 24
Platforms 25
Leverage 26
Spread 27
Methodology 31
Deposits and Withdrawals 32
Deposits 32
Withdrawals 32
Reviews on Withdrawals 32
Support 36
True Forex Funds Support Performance Evaluation 36
Email Support 36
Live Chat Support 36
Access to Knowledge 38
Educational Materials 38
Web Platform Assessment 40

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 Certification report – The Funded Trader Program

Design and Usability 40

Account Purchase Process 41
Social Media and Communication 48
Additional Tools/features 50
Dashboard 50
Account Stats 50
Simulator 57
Additional 59
Client Reviews Summary 59
Promotions and Discounts 59
Affiliations 61
Summary 62
Sources 63

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 Certification report – The Funded Trader Program

Abstract of the Certification Report of TFF

The True Forex Funds certification report presents a comprehensive analysis of a prop-trading
platform that offers investors the opportunity to trade in the Forex market with external
financing. Within the framework of a two-phase evaluation, traders are required to achieve an
8% profit in the first phase and 5% in the second, with a daily drawdown at the level of 5% and
an overall drawdown of 10%, with no minimum number of trading days required. Various
account sizes are available in three currencies, with a maximum fund reaching up to $400,000.
In the second program, which is single-phase, a 10% profit is required within 30 days, with a
daily drawdown up to 3% of the initial account balance of the current day and an overall
drawdown up to 6% of the initial account balance, and a minimum number of trading days set
at 5.

The platform also introduces a scaling plan, allowing traders to gradually increase their deposit
every three months, up to a maximum amount of 2.5 million USD. To qualify for this program,
investors must meet specific criteria, including achieving a minimum 8% profit over a 90-day
period and making at least three successful withdrawals.

True Forex Funds offers a wide range of available assets for trading, including currency pairs,
indices, commodities, metals, stocks, and cryptocurrencies. The platform features a
profit-sharing system where traders receive 80% of the profits.

Financially, True Forex Funds enables payments using cards, bank transfers, and
cryptocurrencies. Withdrawals are processed bi-weekly, with the first withdrawal possible 14
days after opening the first position. The platform also provides cryptocurrency withdrawal
options such as USDT, ERC20 and Advcash, with full transparency and no additional charges
for withdrawals.

Customer support is available throughout the week via email and live chat, with positive
feedback regarding response speed and effectiveness. True Forex Funds also maintains an
active presence on social media, sharing news, promotions, and various announcements on
platforms such as Instagram, Facebook, Twitter, Discord, and YouTube.

Additionally, the True Forex Funds website includes tools such as a dashboard, account
statistics, and an equity simulator, which assist traders in analyzing and evaluating their
trading strategies. The platform also contains an FAQ section and educational materials
available in the blog section, providing users with information about the basics of trading and
fundamental concepts.

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 Certification report – The Funded Trader Program

Introduction
Company Profile: True Forex Funds

Incorporation Details:
Date of Incorporation: October 2021
Type: Proprietary Firm

Location of Operations: Móricz Zsigmond rkp. 1/B. fszt. 14, 9022,

Győr, Hungary
Restricted countries:
Iran, North Korea, Syria

CEO of True Forex Funds:

Richard Nagy is the Chief Executive Officer of True Forex Funds.

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 Certification report – The Funded Trader Program

Challenge Types
True Forex Funds

Assessment of the General Rules ''2 - Phase Evaluation''

The True Forex Funds Standard Challenge requires passing 2 phases to receive a funded
account. When purchasing an account, one can choose from three currencies: dollar, pound,
and euro. There are 5 account sizes available:

● $10,000, $25,000, $50,000, $100,000, $200,000

● £10,000, £20,000, £35,000, £70,000, £140,000
● €10,000, €20,000, €40,000, €80,000, €160,000

The True Forex Funds Standard Challenge has a leverage level of 1:100. The total amount of
funds available to the investor cannot exceed $400,000. This means that an investor can have,
for example, two accounts of $200,000 each.

First Phase Goals/Conditions:

● Achieving 8% profit with no day limit
● Daily Drawdown up to 5% of the current account balance
● Overall Drawdown up to 10% of the initial account balance
● Minimum number of trading days: 0

Second Phase Goals/Conditions:

● Achieving 5% profit with no day limit
● Daily Drawdown up to 5% of the current account balance
● Overall Drawdown up to 10% of the initial account balance
● Minimum number of trading days: 0

Funded Account Goals/Conditions:

● No specified profitability targets
● Daily Drawdown up to 5% of the current account balance
● Overall Drawdown up to 10% of the initial account balance
● No minimum number of trading days

After moving to this stage, the investor receives a 100% Refundable Fee. The first withdrawal
can be made 14 days after the first trade. Subsequent withdrawals can be made every two

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 Certification report – The Funded Trader Program

weeks. The Profit Split is 80/20, meaning the investor receives 80% of the profit generated by
them.
There is also an option for a Scaling Plan.

Traders also have the flexibility to opt for a swap-free account, albeit at an additional cost of
10% compared to the standard price of the challenge account. This feature caters to traders
who prefer or necessitate swap-free accounts for various reasons, including specific trading
strategies or compliance with religious principles. Swap-free accounts are characterized by the
absence of overnight financing charges or payments, making them a suitable choice for
individuals seeking to avoid such costs and tailor their trading experience to their specific
needs

Phase 1:
Requires achieving an 8% profit

Maximum sum of funds:

Up to $400,000 in total

Conditions:
Trading crypto on weekends

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 Certification report – The Funded Trader Program

Assessment of the General Rules ''1 - Phase Evaluation''

The True Forex Funds Timeless Challenge requires passing 1 phase to receive a funded
account. When purchasing an account, one can choose from three currencies: dollar, pound,
and euro. There are 5 account sizes available:

● $10,000, $25,000, $50,000, $100,000, $200,000

● £10,000, £20,000, £35,000, £70,000, £140,000
● €10,000, €20,000, €40,000, €80,000, €160,000

The True Forex Funds Timeless Challenge has a leverage level of 1:100. The total amount of
funds available to the investor cannot exceed $400,000. This means that an investor can have,
for example, two accounts of $200,000 each.

First Phase Goals/Conditions:

● Achieving 10% profit within 30 days of the first trade
● Daily Drawdown up to 3% of the initial account balance of the current day
● Overall Drawdown up to 6% of the initial account balance
● Minimum number of trading days: 5
● Challenge Leverage: 1:100

Funded Account Goals/Conditions:

● No specified profitability targets
● Daily Drawdown up to 3% of the initial account balance of the current day
● Overall Drawdown up to 6% of the initial account balance
● No minimum number of trading days
● Challenge Leverage: 1:100

After moving to this stage, the investor receives a 100% Refundable Fee. The first withdrawal
can be made 14 days after the first trade. Subsequent withdrawals can be made every two
weeks. The Profit Split is 80/20, meaning the investor receives 80% of the profit generated by
them. There is also an option for a Scaling Plan.

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 Certification report – The Funded Trader Program

Conditions: Phase 1:
Only one phase. Number of days required to achieve profit
from the first trade: 30.
Maximum sum of funds:
Up to $400,000 in total. Conditions:
Daily Drawdown up to 3% and overall
Crypto trading: Drawdown up to 6% of the initial account
Trading crypto on weekends balance of the current days

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 Certification report – The Funded Trader Program

Assessment of Special Rules

The prop-trading platform True Forex Funds allows its investors to:

Leave positions open overnight and during weekends

Trade during significant economic events

Use robots for transaction execution

Trade cryptocurrencies during weekends

At the same time, it is important to emphasize that True Forex Funds do not provide low
spreads during significant economic news or when positions are held overnight. In such
situations, traders deciding to hold positions must bear the consequences of their decisions on
their own.

Scaling Plan

The True Forex Funds Platform introduces a significant feature called the Scale Up offer,
providing their customers with the opportunity to progressively increase their account deposits
at intervals of 3 months, with a maximum limit of 2.5 million USD. To participate in this program,
investors need to meet specific criteria to ensure eligibility:

1. Achieve a minimum of 8% overall profit in their funded account over a 90-day

period.Execute at least three successful withdrawals before they can qualify for the
scaling-up opportunity.
2. Upon successfully fulfilling these requirements, the True Forex Funds Platform
automates the account upgrade process, allowing investors to increase their account
balance by 25% every 90 days. It is also worth mentioning that the loss limits are
adjusted to align with the new deposit size after each scaling-up.

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Extra extraordinary rules

Terms & Conditions

Upon reviewing the Terms and Conditions of True Forex Funds (TFF International Kft), there is
aspect that could be considered as concerning or at least warranting close attention:

Indemnification and Limitation of Liability (Section 13): The broad indemnification and
limitation of liability clauses, which significantly limit the company’s liability and place much of
the risk on the user, could be a concern. Such clauses are often standard in many agreements,
but they can be a red flag for users about the level of risk they are assuming.
Reference:
“13.2. The information, software, products, and services included in or available through the
site may include inaccuracies or typographical errors. Changes are periodically added to the
information herein. True forex funds and/or its suppliers may make improvements and/or
changes in the site at any time.

13.3. Neither true forex funds nor its agents, directors, shareholders, members, partners,
managers, officers, employees, information providers, attorneys, or affiliates shall have any
liability with respect to, and you hereby waive, release, and agree not to sue any of them upon,
any claim for any special, indirect, incidental, or consequential damages suffered or incurred by
you in connection with, arising out of, or in any way related to, this agreement or your use of
any of our services even if we have been advised of the possibility of damages. If you are
dissatisfied with the platform or services, or any content contained therein, your sole and
exclusive remedy is to discontinue using the platform and services. As used herein.

13.4. This limitation applies to the extent permitted by law.

13.5. You agree to indemnify, defend and hold harmless us, our officers, directors, employees,
agents and third parties, for any losses, costs, liabilities and expenses (including reasonable
attorney’s fees) relating to or arising out of your use of or inability to use the Site or services,
any user postings made by you, your violation of any terms of this Agreement or your violation
of any rights of a third party, or your violation of any applicable laws, rules or regulations. We
reserve the right, at our own cost, to assume the exclusive defense and control of any matter
otherwise subject to indemnification by you, in which event you will fully cooperate with us in
asserting any available defenses."

Funded Account Agreement

After comparing the Terms and Conditions and the Trader Agreement of True Forex Funds,
several concerning aspects unique to the Trader Agreement emerge:

• Intense Data Sharing and Consent (Section 2.3 & 2.4 of Trader Agreement):

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 Certification report – The Funded Trader Program

The Trader Agreement explicitly states that the Trader consents to the Company sharing their
trading data with affiliated entities and using this data at their own discretion. This level of
detailed consent regarding data usage is more explicit and comprehensive than in the general
terms, raising significant privacy concerns. Reference:
o Section 2.3: "The Trader acknowledges that the company has access to information
about the demo trades that the Trader performs on the Trading Platform. The Trader grants the
company their consent to share this information with persons/entities who are in a group with
the company or who are otherwise affiliated with the company..."
o Section 2.4: "The Trader agrees that these activities may be performed automatically
without any further consent, consultation, or approval on their part being necessary and that
the Trader is not entitled to any remuneration or revenue associated with the use of the data by
the company."

• Extensive Indemnification Obligations (Section 9 of Trader Agreement):

The Trader is required to indemnify the Company against a wide range of potential losses or
damages, including those arising from the Trader's own actions. This indemnification is more
extensive than standard liability clauses, placing a significant legal and financial burden on the
Trader. Reference:
o Section 9.2: "The Trader hereby agrees to indemnify, defend and hold the Company
and its officers, directors, employees, corporate affiliates and agent harmless from any loss,
damage, liability, claim, cost, awards and expense, including but not limited to reasonable
attorneys’ fees, arising out of or his or her illegal and/or wrongful doing and/or any breach of
Agreement."

• Limited Liability and Disclaimer Specific to Trading (Section 8 of Trader Agreement):

The Trader Agreement specifically disclaims the Company's responsibility for any trading
advice or the profitability of trading actions, emphasizing that all trading risks are borne by the
Trader. This clause is more focused on trading activities than general terms and could leave the
Trader exposed to higher risks without support. Reference:
o Section 8.1: "It is hereby clarified that the Company, its managers, employees,
shareholders and any entity on its behalf, do not claim to advise any person with regards to any
transaction under this Agreement. Therefore, the information appearing on the company’s
platform, any notices, data or other materials appearing therein shall not be viewed as a
recommendation or opinion on the subject..."

• Confidentiality Agreement with Legal Consequences (Section 19 of Trader

Agreement):
The confidentiality obligations in the Trader Agreement are more stringent, with an emphasis
on legal actions against the Trader for any breach. This level of confidentiality obligation is
generally not detailed in standard terms and conditions and imposes a lasting and significant
constraint on the Trader. Reference:
O Section 19: "The Trader acknowledges and agrees that their obligation of confidentiality
is for an indefinite duration and they will never disclose any information to any person or entity
or publicly disclose, except expressly approved by TFF International. or as may be required by

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law. If the Trader breaches the Confidentiality Agreement, legal actions will be taken against
the Trader."

Prohibited strategies

Upon inquiry with the Support team regarding trading strategies, it has been confirmed that
True Forex Funds prohibits strategies that are only mentioned in the Terms of Use or FAQ.
These prohibited strategies include:
● Employing strategies that exploit inaccuracies in the display of prices or delays in their
updates.
● Conducting transactions that rely on external data feeds.
● Any trading activities aimed at tampering with the trading process.
● Actions that contradict the Terms and Conditions set by the Provider.
● Trading practices that are inconsistent with real-world forex market operations or could
potentially cause financial loss or damage to the Provider.
● Surpassing the maximum capital allocation allowed by the Provider, as specified in the
website’s FAQ.
● Engaging in reverse arbitrage.
● Participating in latency arbitrage.
● Conducting hedge arbitrage.

Verification process

Document Submission and Verification:

Clients are required to submit KYC (Know Your Customer) documents as a regulatory
requirement to secure operations and enable the setup of the Funded Account.
This process is initiated after the successful completion of one of the evaluation options (Two
Phase, One Phase, Quick, or Limitless Funding).

Required documents include:

a. Personal ID and Selfie: Acceptable forms are government-issued ID, valid passport, national
identification card, driving license, or other government-issued forms of ID.
b. Proof of Address: Documents must be no older than 3 months, issued by a financial
institution, utility company, government agency, or judicial authority. These should match the
personal information on the dashboard.

Review Process:
The submitted documents will be reviewed by the verification team, facilitated by Veriff, to
ensure compliance and authenticity.
Once the review is successful, the client’s Funded Trader account configuration will be initiated.

Account Activation:
Typically, the new funded account will be available to the client on the next business day
following the successful document review and account configuration.

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Scaling Plan

True Forex Funds Platform introduces a noteworthy feature called the Scale Up offer, providing
their customers with the opportunity to progressively increase their account deposits at
intervals of 3 months, with a maximum limit of 2.5 million USD. To participate in this program,
investors need to meet specific criteria to ensure eligibility:

• Achieve a minimum of 8% overall profit in their funded account over a 90-day period.
• Execute at least three successful withdrawals before they can qualify for the scaling up
opportunity.

Upon successfully fulfilling these requirements, True Forex Funds Platform automates the
account upgrade process, allowing investors to boost their account balance by 25% every 90
days. It is also worth mentioning that the loss limits are adjusted to align with the new deposit
size after each scaling up.

Pricing

Comparison of Direct Challenge Costs

We compare the direct costs of participating in the challenge offered by TrueForexFunds - 2
Phase Evaluation with the average market costs. This analysis enables understanding of how
True Forex Funds fares against its competitors in terms of pricing. The costs for the challenge
at True Forex Funds for the 2 Phase Evaluation are mostly like the market average.

Challenge Size Market Average Price Challenge Price Difference

10 000$ 113$ 96$* -17$

25 000$ 213$ 205$* -8$

50 000$ 315$ 324$* +9$

100 000$ 553$ 540$* -13$

200 000$ 954$ 1 081$* +127$

The table shows a comparison of the average market price for the challenge to the price at E8 Funding.

*The price includes a discount available on fxprop.com.

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Comparison of Costs Relative to Drowdown

It is important to note that the size of drawdown has a significant impact on what we actually
receive for the money spent. The 2 Phase Evaluation has a drawdown at the level of 10%.
Therefore, we additionally compare how much drawdown we receive in relation to the dollar
spent.

Challenge Size Market Average Price Challenge Price Difference

[Drawdown$/$] [Drawdown$/$] [Drawdown$/$]

10 000$ 8,8 10,4 +1,6

25 000$ 11,4 12,2 +0,8

50 000$ 15,3 15,4 +0,1

100 000$ 18,0 18,5 +0,5

200 000$ 20,5 18,5 -2,0

The table shows a comparison of the costs for the challenge in terms of drawdown size relative to the dollar paid.

Evaluation of the Cost-Effectiveness of the E8 Account Challenge

Based on the above data, as well as algorithms we have developed, we assess the
cost-effectiveness of purchasing the 2 Phase Evaluation as good compared to the market
average. It's worth mentioning that the final assessment is also influenced by profit target at
the level of 8%.

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Available Assets:
Currency Pairs

Forex

Instrument Sunday Trading Hours Friday Commission Lot Size

name

AUDCAD 22:00 00:00-23:59:59 21:55 7 USD / LOT

AUDCHF 22:00 00:00-23:59:59 21:55 7 USD / LOT

AUDJPY 22:00 00:00-23:59:59 21:55 7 USD / LOT

AUDNZD 22:00 00:00-23:59:59 21:55 7 USD / LOT

AUDUSD 22:00 00:00-23:59:59 21:55 7 USD / LOT

CADCHF 22:00 00:00-23:59:59 21:55 7 USD / LOT

CADJPY 22:00 00:00-23:59:59 21:55 7 USD / LOT

CHFJPY 22:00 00:00-23:59:59 21:55 7 USD / LOT

EURAUD 22:00 00:00-23:59:59 21:55 7 USD / LOT

EURCAD 22:00 00:00-23:59:59 21:55 7 USD / LOT

EURCHF 22:00 00:00-23:59:59 21:55 7 USD / LOT

EURGBP 22:00 00:00-23:59:59 21:55 7 USD / LOT

EURJPY 22:00 00:00-23:59:59 21:55 7 USD / LOT

EURNOK 22:00 00:00-23:59:59 21:55 7 USD / LOT

EURNZD 22:00 00:00-23:59:59 21:55 7 USD / LOT

EURPLN 22:00 00:00-23:59:59 21:55 7 USD / LOT

EURSEK 22:00 00:00-23:59:59 21:55 7 USD / LOT

EURTRY 22:00 00:00-23:59:59 21:55 7 USD / LOT

EURUSD 22:00 00:00-23:59:59 21:55 7 USD / LOT

GBPAUD 22:00 00:00-23:59:59 21:55 7 USD / LOT

GBPCAD 22:00 00:00-23:59:59 21:55 7 USD / LOT

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 Certification report – The Funded Trader Program

Instrument Sunday Trading Hours Friday Commission Lot Size

name

GBPCHF 22:00 00:00-23:59:59 21:55 7 USD / LOT

GBPJPY 22:00 00:00-23:59:59 21:55 7 USD / LOT

GBPNZD 22:00 00:00-23:59:59 21:55 7 USD / LOT

GBPUSD 22:00 00:00-23:59:59 21:55 7 USD / LOT

NZDCAD 22:00 00:00-23:59:59 21:55 7 USD / LOT

NZDCHF 22:00 00:00-23:59:59 21:55 7 USD / LOT

NZDJPY 22:00 00:00-23:59:59 21:55 7 USD / LOT

NZDUSD 22:00 00:00-23:59:59 21:55 7 USD / LOT

USDCAD 22:00 00:00-23:59:59 21:55 7 USD / LOT

USDCHF 22:00 00:00-23:59:59 21:55 7 USD / LOT

USDHKD 22:00 00:00-23:59:59 21:55 7 USD / LOT

USDJPY 22:00 00:00-23:59:59 21:55 7 USD / LOT

USDMXN 22:00 00:00-23:59:59 21:55 7 USD / LOT

USDNOK 22:00 00:00-23:59:59 21:55 7 USD / LOT

USDPLN 22:00 00:00-23:59:59 21:55 7 USD / LOT

USDSEK 22:00 00:00-23:59:59 21:55 7 USD / LOT

USDTRY 22:00 00:00-23:59:59 21:55 7 USD / LOT

USDZAR 22:00 00:00-21:00 21:55 7 USD / LOT

22:00-23:59:59
This table shows Forex pairs available for trade and their specifications

Indices

Instrument Sunday Trading Hours Friday Commission Lot Size

name

AUS200 23:05 00:00-05:30. 20:00 0.0005

06:15-20:00.
23:05-00:00

BRAIND - 12:05-20:55 20:55 0.0005

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CHNIND - 01:20-04:00. 19:00 0.0005

05:35-08:15.
09:20 -19:00

GER30 - 00:15-21:00 21:00 0.0005

EU50 - 00:15-21:00 21:00 0.0005

FRA40 - 07:00-21:00 21:00 0.0005

HKIND - 01:20-04:00, 19:00 0.0005

05:35-08:15.
09:20-19:00

IND50 - 01:00-10:10. 21:00 0.0005

10:40-21:15

ITA40 - 07:00-21:00 21:00 0.0005

JAP225 - 00:05-06:10. 16:00 0.0005

07:35-16:00

KOSP200 - 00:05-06:10 06:10 0.0005

MEXIND - 14:30-20:00 20:00 0.0005

RUS50 - 07:05-15:45 15:45 0.0005

SA40 - 06:35-15:25 15:45 0.0005

SPA35 - 07:00-19:00 19:00 0.0005

SUI20 - 07:00-21:00 21:00 0.0005

UK100 - 01:00-21:00 21:00 0.0005

US100 23:05 00:00-22:00, 21:00 0.0005

23:05-24:00

Instrument Sunday Trading Hours Friday Commission Lot Size

name

US30 23:05 00:00-22:00, 21:00 0.0005

23:05-24:00

US500 23:05 00:00-22:00, 21:00 0.0005

23:05-24:00

US2000 23:05 00:00-22:00, 21:00 0.0005

23:05-24:00

USDIDX - 01:00-22:00 21:00 0.0005

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 Certification report – The Funded Trader Program

VIX 23:00 00:00-22:00, 21:00 0.0005

23:00-24:00

W20 - 07:45-15:50 15:50 0.0005

This table shows Indices available for trade and their specifications

Spot indices

Instrument Sunday Trading Hours Friday Commission Lot Size

name

AUS200.spot 22:50 00:00-05:30. 20:00 0.0005

06:10-20:00.
22:50-00:00

CHNIND.spot - 01:00-08:30. 20:00 0.0005

09:00-20:45

GER30.spot 23:00 00:00-22:00, 21:00 0.0005

23:00-24:00

EU50.spot - 07:00-21:00 21:00 0.0005

FRA40.spot - 07:00-21:00 21:00 0.0005

HKIND.spot - 01:15-04:00. 19:00 0.0005

05:00-08:30.
09:15-19:00

ITA40.spot - 08:00-16:40 16:40 0.0005

JAP225.spot - 00:05-17:00 17:00 0.0005

SPA35.spot - 08:00-19:00 19:00 0.0005

UK100.spot 23:00 00:00-22:00, 21:00 0.0005

23:00-24:00

US100.spot 23:00 00:00-22:00, 21:00 0.0005

23:00-24:00

US30.spot 23:00 00:00-22:00, 21:00 0.0005

23:00-24:00

US500.spot 23:00 00:00-22:00, 21:00 0.0005

23:00-24:00
This table shows Spot Indices available for trade and their specifications

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Spot commodities

Instrument Sunday Trading Hours Friday Commission Lot Size

name

BRENT.spot - 01:00-22:00 21:55 7 USD / LOT

NGAS.spot 23:00 00:00-22:00, 21:55 7 USD / LOT

23:00-24:00

WTI.spot 23:00 00:00-22:00, 21:55 7 USD / LOT

23:00-24:00
This table shows Spot Commodities available for trade and their specifications

Commodities

Instrument Sunday Trading Hours Friday Commission Lot Size

name

BRENT - 01:05-22:00 21:00 7 USD / LOT

BUND - 01:15-21:00 21:00 7 USD / LOT

COCOA - 09:45-18:30 18:30 7 USD / LOT

COFFEE - 09:15-18:30 18:30 7 USD / LOT

CORN - 01:05-13:45. 19:00 7 USD / LOT

14:35-19:00

COTTON - 02:05-19:20 19:20 7 USD / LOT

NGAS 23:00 00:00-22:00. 21:00 7 USD / LOT

23:00-24:00

SOYBEAN - 01:05-13:45. 19:00 7 USD / LOT

14:35-19:00

SUGAR - 08:30-18:00 18:00 7 USD / LOT

TNOTE 23:00 00:00-22:00. 21:00 7 USD / LOT

23:00-24:00

WHEAT - 01:05-13:45. 19:00 7 USD / LOT

14:35-19:00

WTI 23:05 00:00-22:00. 21:00 7 USD / LOT

23:05-24:00

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Metals

Instrument Sunday Trading Hours Friday Commission Lot Size

name

ALUMINIUM - 07:30-18:30 18:30 7 USD / LOT

COPPER - 07:30-18:30 18:30 7 USD / LOT

XAGUSD 23:02 00:00-22:00. 21:50 7 USD / LOT

23:02-24:00

XAUUSD 23:02 00:00-22:00. 21:50 7 USD / LOT

23:02-24:00

XPTUSD 23:02 00:00-22:00. 21:50 7 USD / LOT

23:02-24:00

XPDUSD 23:02 00:00-22:00. 21:50 7 USD / LOT

23:02-24:00

ZINC - 07:30-18:30 18:30 7 USD / LOT

This table shows precious metals available for trade and their specifications

Stocks

Instrument Sunday Trading Hours Friday Commission Lot Size

name

AMAZON.US - 14:30-21:00 21:00

ALIBABA.US - 14:30-21:00 21:00

APPLE.US - 14:30-21:00 21:00

BOA.US - 14:30-21:00 21:00

BOEING.US - 14:30-21:00 21:00

CITI.US - 14:30-21:00 21:00

DISNEY.US - 14:30-21:00 21:00

EBAY.US - 14:30-21:00 21:00

EXXON.US - 14:30-21:00 21:00

Instrument Sunday Trading Hours Friday Commission Lot Size

name

FB.US - 14:30-21:00 21:00

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FERRARI.US - 14:30-21:00 21:00

FORD.US - 14:30-21:00 21:00

GM.US - 14:30-21:00 21:00

GOOGLE.US - 14:30-21:00 21:00

IBM.US - 14:30-21:00 21:00

INTEL.US - 14:30-21:00 21:00

MSFT.US - 14:30-21:00 21:00

NFLX.US - 14:30-21:00 21:00

PEPSI.US - 14:30-21:00 21:00

SNAP.US - 14:30-21:00 21:00

SBUX.US - 14:30-21:00 21:00

TESLA.US - 14:30-21:00 21:00

WMT.US - 14:30-21:00 21:00

ZM.US - 14:30-21:00 21:00

JPM.US - 14:30-21:00 21:00

GME.US - 14:30-21:00 21:00

MRNA.US - 14:30-21:00 21:00

LMT.US - 14:30-21:00 21:00

APA.US - 14:30-21:00 21:00

This table shows stocks available for trade and their specifications

Cryptocurrencies

Instrument Sunday Trading Hours Friday Commission Lot Size

name

ADAUSD - 00:00-23:59 - 0.045

AVEUSD - 00:00-23:59 - 0.045

BCHBTC - 00:00-23:59 - 0.045

BCHUSD - 00:00-23:59 - 0.045

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BSVUSD - 00:00-23:59 - 0.045

BTCEUR - 00:00-23:59 - 0.045

BTCUSD - 00:00-23:59 - 0.045

DOTUSD - 00:00-23:59 - 0.045

DSHUSD - 00:00-23:59 - 0.045

EOSUSD - 00:00-23:59 - 0.045

ETHBTC - 00:00-23:59 - 0.045

ETHUSD - 00:00-23:59 - 0.045

LNKUSD - 00:00-23:59 - 0.045

LTCBTC - 00:00-23:59 - 0.045

LTCUSD - 00:00-23:59 - 0.045

THTUSD - 00:00-23:59 - 0.045

TRXUSD - 00:00-23:59 - 0.045

UNIUSD - 00:00-23:59 - 0.045

VETUSD - 00:00-23:59 - 0.045

XEMUSD - 00:00-23:59 - 0.045

XLMUSD - 00:00-23:59 - 0.045

XMRUSD - 00:00-23:59 - 0.045

XRPEUR - 00:00-23:59 - 0.045

XRPUSD - 00:00-23:59 - 0.045

Instrument Sunday Trading Hours Friday Commission Lot Size

name

XTZUSD - 00:00-23:59 - 0.045

DOGUSD - 00:00-23:59 - 0.045

BNBUSD - 00:00-23:59 - 0.045

This table shows Cryptocurrencies available for trade and their specifications

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Trading
Server Provider

True Forex Funds does not disclose its liquidity providers. The firm's strategy emphasizes
offering spreads as low as 0.0 pips, enabled by these partnerships with tier-1 liquidity
providers. TFF doesn't disclose comprehensive details about its liquidity providers but assures
collaboration only with well-regarded entities.
Here are some examples of reviews on this matter:

Example of an opinion about the TFT server provider #1

Example of an opinion about the TFT server provider #2

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Example of an opinion about the TFT server provider #3

Example of an opinion about the TFT server provider #4

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Platforms

True Forex Funds offers trading on the cTrader platform. However, it's important to recognize
that the wider market of trading platforms includes a variety of other well-known platforms too.
In this light, the decision of True Forex Funds to concentrate exclusively on cTrader might be
considered a simplistic strategy.

Leverage

True Forex Funds provides its traders with a range of fixed leverage options to accommodate
various trading instruments. Here are the specific fixed leverage ratios offered for different
asset classes:

• Forex: 1:100
• Metals: 1:100
• Energies: 1:100
• Indices: 1:100
• Stocks: 1:10
• Cryptocurrencies: 1:5

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Spread

Instrument Morning Avg Afternoon Avg Evening Avg Daily Avg

EURCHF 5,0 9,7 7,3 7,3

NZDUSD 8,3 8,7 7,3 8,1

GBPUSD 5,7 5,7 3,0 4,8

USDJPY 5,0 5,0 7,7 5,9

USDCHF 6,7 6,3 5,3 6,1

USDCAD 6,7 6,3 18,7 10,6

AUDUSD 4,0 5,3 3,7 4,3

EURUSD 2,7 2,3 3,0 2,7

EURJPY 11,0 10,0 8,3 9,8

EURGBP 6,3 5,7 8,3 6,8

GBPJPY 11,7 11,3 8,0 10,3

AUDCAD 10,0 10,7 8,3 9,7

AUDCHF 8,7 9,0 9,0 8,9

NZDJPY 13,3 13,0 13,7 13,3

NZDCHF 13,0 13,7 13,3 13,3

NZDCAD 14,7 16,3 14,0 15,0

GBPNZD 21,7 21,0 15,7 19,4

GBPCHF 13,7 13,0 7,3 11,3

GBPCAD 12,0 19,0 12,0 14,3

GBPAUD 19,7 22,0 16,3 19,3

EURNZD 25,3 24,0 20,3 23,2

EURCAD 15,7 15,3 14,0 15,0

EURAUD 13,7 13,3 11,3 12,8

AUDNZD 8,3 8,7 7,7 8,2

CADJPY 13,3 14,3 13,0 13,6

CADCHF 11,7 13,7 11,7 12,3

CHFJPY 15,3 19,7 16,0 17,0

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Instrument Morning Avg Afternoon Avg Evening Avg Daily Avg

AUDJPY 8,7 10,3 8,3 9,1

USDHKD 24,7 26,0 25,7 25,4

USDZAR 238,7 308,0 197,3 248,0

EURRUB 90172,0 90532,0 90712,0 90472,0

USDNOK 137,3 136,0 216,7 163,3

USDTRY 142,0 223,3 204,7 190,0

USDSEK 93,7 152,7 226,0 157,4

USDPLN 156,0 79,3 179,0 138,1

EURPLN 151,3 70,3 168,3 130,0

EURNOK 130,7 179,0 226,0 178,6

USDMXN 708,3 762,0 614,0 694,8

EURHUF 129,7 250,0 181,7 187,1

EURCZK 77,3 96,7 24,7 66,2

USDLIS 11,3 27,7 57,0 32,0

USDHUF 78,0 245,3 233,7 185,7

USDCZK 53,3 59,0 8,0 40,1

USDRUB 14608,7 2168,7 1168,7 5982,0

XAUUSD 12,3 15,7 15,0 14,3

XAGUSD 13,7 15,0 15,0 14,6

XAGEUR 8,0 8,7 8,0 8,2

XAUAUD 30,3 41,3 35,0 35,6

XAGAUD 12,0 14,0 11,3 12,4

XAUEUR 39,0 39,7 36,7 38,4

XPTUSD 168,7 162,7 157,0 162,8

XPDUSD 404,0 491,7 428,7 441,4

US100.cash 221,3 186,7 66,7 158,2

US500.cash 70,0 56,7 28,0 51,6

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Instrument Morning Avg Afternoon Avg Evening Avg Daily Avg

UK100.cash 80,0 116,7 70,0 88,9

UK100.cash 80,0 116,7 70,0 88,9

GER40.cash 80,0 276,7 80,0 145,6

U30.cash 153,3 160,0 130,0 147,8

US2000.cash 20,0 25,3 20,0 21,8

AUS200.cash 120,0 120,0 120,0 120,0

SPN35.cash 610,0 610,0 610,0 610,0

EU50.cash 150,0 150,0 150,0 150,0

FRA40.cash 80,0 290,0 80,0 150,0

HK50.cash 450,0 450,0 450,0 450,0

JP225.cash 600,0 600,0 600,0 600,0

UKOIL.cash 20,0 20,0 20,0 20,0

USOIL.cash 30,0 23,3 30,0 27,8

NATGAS.f 12,3 12,7 12,0 12,3

DX.f 40,0 100,0 100,0 80,0

USTN10.f 6,0 6,0 6,0 6,0

XMRUSD 220,0 220,0 220,0 220,0

ETHUSD 170,0 170,0 170,0 170,0

BTCUSD 1200,0 1200,0 1200,0 1200,0

DASHUSD 40,0 40,0 40,0 40,0

LTCUSD 17,0 17,0 17,3 17,1

NEOUSD 35,0 35,0 35,0 35,0

XRPUSD 200,0 200,0 200,0 200,0

DOGEUSD 19,7 20,0 20,0 19,9

ADAUSD 10,0 10,0 10,0 10,0

DOTUSD 15,7 20,0 20,0 18,6

WMT 21,0 17,0 5,7 14,6

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Instrument Morning Avg Afternoon Avg Evening Avg Daily Avg

AMZN 19,0 21,0 3,0 14,3

ZM 23,0 21,0 4,3 16,1

AAPL 21,0 19,0 2,3 14,1

GOOG 20,0 18,0 2,3 13,4

NFLX 60,0 46,0 20,0 42,0

NVDA 74,0 62,0 8,0 48,0

PFE 8,0 8,0 2,0 6,0

TSLA 68,0 50,0 6,3 41,4

T 8,0 2,0 2,0 4,0

BAC 8,3 8,0 2,0 6,1

RACE 49,0 51,0 45,3 48,4

META 8,0 8,0 11,0 9,0

MSFT 47,0 49,0 6,3 34,1

BABA 19,0 21,0 2,0 14,0

V 44,0 42,0 6,3 30,8

ALVG 41,3 38,0 43,0 40,8

IBE 8,0 8,0 8,0 8,0

VOWG_p 17,7 19,0 17,0 17,9

DBKGn 8,7 8,0 8,0 8,2

BAYGn 8,0 8,0 8,0 8,0

AIRF 8,3 9,0 9,0 8,8

LVMH 43,0 43,0 43,0 43,0

COCAO.c 80,0 80,0 120,0 93,3

COFFEE.c 4,0 20,0 7,7 10,6

CORN.c 10,0 10,0 11,7 10,6

SOYBEAN.c 9,7 9,0 15,7 11,4

WHEAT.c 9,3 11,7 10,0 10,3

This table shows an average spread of the available instruments

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Methodology
The methodology for calculating the average spread at various times of the day
involved taking three separate spread measurements at approximately 10-minute intervals.
These measurements were conducted at specific times to represent morning, afternoon, and
evening averages:

Morning Average
This average was calculated based on three spread measurements taken around 08:00 GMT,
with each measurement approximately 10 minutes apart.

Afternoon Average
For the afternoon average, three spread measurements were similarly taken around 13:00
GMT, at roughly 10-minute intervals.

Evening Average
The evening average involved three spread measurements conducted around 18:00 GMT,
also with approximately 10-minute intervals between each measurement.

The average for each of these time periods was calculated using the following formula:
Average = (Measurement 1 + Measurement 2 + Measurement 3) / 3

Subsequently, to determine the Daily Average spread, the averages obtained for the
morning, afternoon, and evening were combined using a similar formula:
Daily Average = (Morning Average + Afternoon Average + Evening Average) / 3

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Deposits and Withdrawals

Deposits

For the True Forex Funds Challenge, you can pay via bank transfer, debit/credit card or
cryptocurrencies. True Forex Funds accepts MasterCard, Visa and cryptocurrencies like
Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), Tether (USDT), USD Coin
(USDC).

Due to regulatory reasons, bank transfers are not available for payments/withdrawals in Iran,
Syria, North Korea.

Withdrawals

True Forex Funds operates on a bi-weekly payout cycle, ensuring that traders receive their
earnings every 14 calendar days. Withdrawals are even processed over the weekend to ensure
timely payouts. This cycle commences after a trader's first position is opened on a funded
account, and payout notifications are sent via email.

In True Forex, a profit split system has been introduced, in which 80% of closed profits from
funded accounts go to the traders, while the remaining 20% helps cover True Forex Funds'
expenses. The process for traders to withdraw their earnings is designed to be simple and
straightforward.

Crypto payouts (USDT ERC20) and Advcash are the primary, secure, and proven methods for
processing withdrawals at True Forex Funds. The company is committed to ensuring swift and
secure financial transactions, fulfilling its promise of exceptional service to its valued clients.
By choosing Advcash, traders can withdraw their funds from their Advcash account by bank
transfer, to their VISA/MasterCard, Advcash Card, or even Crypto. It is also possible to
withdraw cash from an ATM with an Advcash plastic Card. The only information required is the
trader's Advcash email address.

For clients based in the US or the UK, who are unable to utilize Advcash, True Forex Funds
continues to offer direct bank transfers as well as cryptocurrency payouts via USDT ERC20 to
accommodate their needs.

At True Forex Funds, transparency is a priority – no commissions are charged for withdrawals,
so traders receive exactly what they earn.

Reviews on Withdrawals

True Forex Funds has good reviews regarding payments and withdrawals. There are occasional
individual dissatisfaction reviews.

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Example reviews:

Example of a review about payments and withdrawals on the True Forex Funds Platform #1

Example of a review about payments and withdrawals on the True Forex Funds Platform #2

Example of a review about payments and withdrawals on the True Forex Funds Platform #3

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Example of a review about payments and withdrawals on the True Forex Funds Platform #4

Example of a review about payments and withdrawals on the True Forex Funds Platform #5

Example of a review about payments and withdrawals on the True Forex Funds Platform #6

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Example of a review about payments and withdrawals on the True Forex Funds Platform #7

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Support
True Forex Funds provides round-the-clock customer support from Monday to Friday through
email and live chat. Below is a list of available channels:

● Physical Office Address - Móricz Zsigmond rkp. 1/B. fszt. 14, 9022, Győr, Hungary.
● Email ID - support@trueforexfunds.com
● Live Chat - Directly available from the site.

True Forex Funds users can also contact experts through social media channels:

● Facebook - https://www.facebook.com/trueforexfunds
● Twitter - https://twitter.com/trueforexfunds
● Instagram - https://www.instagram.com/trueforexfunds
● YouTube - https://www.youtube.com/channel/UCy7PJ2gJznmEFP9DPZJ44Hg
● Discord - https://discord.com/invite/5fbuf6qNsE

True Forex Funds also has a help center page (https://trueforexfunds.com/faq) where various
issues and answers to them are located to help clients trade smoothly and without problems.
All they need to do is search for a query. Articles related to the same will be displayed.

True Forex Funds Support Performance Evaluation

The performance of the support was verified by FXProp in the period 14-30.11.2023.

Email Support

Clients can contact True Forex Funds using email. The support responses are substantive. The
company responds quickly to emails. The average response time in this form of communication
is 15 minutes. Thus, the waiting time is about 10 minutes longer than in a live chat conversation.

The email contact for support:

support@trueforexfunds.com

Live Chat Support

True Forex Funds has good live chat. Company offers the option of contacting through live
chat on their official website. It's a quick and efficient way to get help from their support team.
The average waiting time to start a conversation is 2-3 minutes, depending on the time of day
and traffic intensity.

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After writing to support, a chatbot appears. You must choose the issue you are interested in,
and if the chatbot cannot answer, a customer service button will appear, which connects you
with an expert. Live chat staff respond quickly and substantively to the questions asked. In
case of doubts, they expand on the topic. They use links with information that can be found on
their website. They provide answers to all questions allowed by the company's policy. During
conversations, after each of our statements, a message appears thanking us for asking the
question and informing about the quickest possible response. It is irritating and clutters the
conversation during the chat. It is the fastest form of support and resolution of any problems
that may arise.

True Forex Funds Live Chat

True Forex Funds has a well-functioning live chat. The average waiting time
for a response is 2-3 minutes. An advantage of the company is the
round-the-clock access to the support team from Monday to Friday. True
Forex Funds does not have telephone support. This was verified by FXProp
during the period 14-30.11.2023

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Access to Knowledge
Educational Materials

While True Forex Funds Platform may not offer a dedicated learning platform, investors can still
access educational materials through the Blog section. The Blog section is further divided into
four distinct categories, with a focus on educational content within the following three:

· Forex Trading: The Forex Trading category offers a blend of content, catering to both
educational purposes and insights from interviews. Users can explore a range of materials that
provide insights into the world of forex trading.

Blog Section #1 Forex Trading

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· Fundamentals: The Fundamentals section serves as a dedicated educational resource,

featuring multiple articles that delve into trading basics and fundamental concepts.

Blog Section #2 Fundamentals

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Web Platform Assessment

Design and Usability

TrueForexFunds website offers a notably positive UX experience, clearly outlining its services
and the prop trading concept. The registration and challenge purchase processes are
straightforward, user-friendly, and guide users seamlessly. The website operates smoothly with
minimal loading times, and the well-designed dashboard facilitates easy navigation and access
to essential information.
However, the overall dark design could impact text readability and cause eye strain for some
users. Improving text readability and balancing the visual elements would greatly enhance the
overall UX. Incorporating more customizable visual settings could offer users the flexibility to
adjust the interface according to their preferences, thereby catering to a wider audience.

True Forex Funds web page design showcase

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Account Purchase Process

● Open your web browser and go to the prop trading website. In the top right corner of
the page, find the "Client Area" button and click it.

Instructions for Purchasing an Account on the True Forex Funds Platform. Step 1

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● Go through the process of registering an TFF account. After registration, proceed to the
Client Area.

Instructions for Purchasing an Account on the True Forex Funds Platform. Step 2

● In the top left corner of the page, find the "New Challenge" button and click it.

Instructions for Purchasing an Account on the True Forex Funds Platform. Step 3

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● After clicking "New Challenge" you will be redirected to the account type configuration
page where you can customize the challenge according to your preferences.

○ Choose the account type that interests you the most.

Instructions for Purchasing an Account on the True Forex Funds Platform. Step 4.1

○ Next select the currency in which you will settle the challenge.

Instructions for Purchasing an Account on the True Forex Funds Platform. Step 4.2

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 Certification report – The Funded Trader Program

○ Now you can choose the account balance that meets your requirements.

Instructions for Purchasing an Account on the True Forex Funds Platform. Step 4.3

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 Certification report – The Funded Trader Program

○ Choose the type of account that best suits your trading goals.

Instructions for Purchasing an Account on the True Forex Funds Platform. Step 4.4

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 Certification report – The Funded Trader Program

○ Select your preferred trading platform.

Instructions for Purchasing an Account on the True Forex Funds Platform. Step 4.5

At this point, you also have the opportunity to enter a discount code if you have one.

Use code _________ for ___% discount on your first buy

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● After selecting your account options, you will be asked to fill in your personal details as
well as read and accept terms and conditions and refund policy.

Instructions for Purchasing an Account on the True Forex Funds Platform. Step 5

● After filling in your personal details and accepting terms, click the “Continue to
Checkout” button. The system will now redirect you to the payment page.
● On the payment page, you will have two payment options: card or cryptocurrencies.
Select your preferred payment method.

Instructions for Purchasing an Account on the True Forex Funds Platform. Step 6

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● Follow the instructions on the payment page to complete the purchase of the challenge.
● After a successful payment, you will be informed that the purchase has been
completed, and the challenge details will be delivered to your account.

That's all! You should now be ready to start the challenge on the prop trading website.

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Social Media and Communication

True Forex Funds actively maintains a social media presence on platforms such as Instagram,
Facebook, and Twitter, as well as on Discord and YouTube.

On Instagram (https://www.instagram.com/trueforexfunds), Facebook

(https://www.facebook.com/trueforexfunds), Twitter (https://twitter.com/trueforexfunds), they
share company news, promotions, and various announcements, with the information being the
same across these platforms. The frequency of posts is 10-15 per month.

Discord (https://discord.gg/5fbuf6qNsE) provides support where you can directly contact the
support team. There is also a chat with messages available. Additionally, there is a community
chat where traders communicate with each other and share their trading ideas. In these chats,
you can find reviews and screenshots related to payouts from True Forex Funds. Trader activity
in these chats is high.

The YouTube (https://www.youtube.com/channel/UCy7PJ2gJznmEFP9DPZJ44Hg) channel

presents interviews with successful traders, which can be a valuable source of information.
There are also video materials on trading strategies and videos related to trader psychology.
The frequency of video publications on YouTube is 3-4 per month.

Platform Followers Engagement Rate

Facebook 7 300 8,97

X 14 200 0,21

Instagram 40 100 1,05

Youtube 5 480 6,95

Engagement rate in social media

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Additional Tools/features

Dashboard
Dashboard is a tool integrated in the TFF web page. Here user can find:

· Common balance chart: Part of the dashboard in which users can quickly monitor
multiple accounts balance status. Users also can choose to hide or to show separate challenge
for monitoring convenience.

Dashboard Overview #1 Common balance chart

· All accounts section: In this section the user can see all of his past and actual challenges as
well as get access to credentials and Account Stats to every one of them.

Dashboard Overview #2 All accounts section

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Account Stats

The Account Stats tool, accessible through the Dashboard on the platform, provides traders
with insights and metrics. Here are the key sections and metrics available within the Account
Stats tool:

· Balance Chart: This chart offers a graphical representation of the user's challenge
progression, allowing for a visual understanding of the account's performance over time.

Account Stats Overview #1 Balance Chart

· Challenge basic info: In this section, traders can access essential challenge details,
including the initial deposit, start date, end date, remaining time, broker, platform, balance and
equity.

Account Stats Overview #2 Challenge Information

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· Current challenge status: This section provides real-time information about the challenge,
such as the current balance, equity, today's permitted loss, and today's profit.

Account Stats Overview #3 Current challenge status

· Trading Objectives: Here, users can monitor their progress toward achieving challenge
objectives, including metrics like the maximum daily loss, maximum loss, profit target, and the
minimum number of trading days required.

Account Stats Overview #4 Trading Objectives

· Daily Summary: This section may offer insights into daily trading activities, summarizing
key metrics for each trading day.

Account Stats Overview #5 Daily Summary

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· Daily returns: Traders can review their daily returns to assess performance on a
day-to-day basis.

Account Stats Overview #6 Daily Returns chart

Wins & Losses: This section provides data on winning and losing trades, allowing users to
analyze their trading performance more deeply.

Account Stats Overview #7 Wins & Losses

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· Profit by Holding time: Users can assess their trading strategy's effectiveness by
examining profit trends based on the duration trades are held.

Account Stats Overview #8 Profit by Holding time chart

· Statistics: This section may contain additional statistical data related to trading
performance, providing traders with insights

Account Stats Overview #9 Statistics

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· Buy/Sell chart: The chart in this section displays the user's performance concerning trade
direction (buy/sell).

Account Stats Overview #10 Buy/Sell chart

• Direction Allocation: This chart visually represents the dominance of trade directions (buy
or sell) throughout the challenge.

Account Stats Overview #11 Direction Allocation

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• Symbol chart: Traders can assess the performance of different symbols through this
chart, aiding in diversified trading strategies.

Account Stats Overview #12 Symbol chart

· Symbol Allocation: This chart showcases the dominance of specific trading symbols
throughout the challenge.

Account Stats Overview #13 Symbol Allocation

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· History: This section allows users to review the history of trades made during the specific
trading challenge, enabling them to analyze past actions and outcomes.

Account Stats Overview #14 History

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Simulator

The Equity Simulator is a powerful application integrated into the website's Client Area,
serving as a tool for traders seeking to evaluate and analyze trading strategies. The primary
objective of this application is to facilitate the testing of trading strategies by providing insights
into various potential outcomes.

Key features of the Equity Simulator include:

Adjustable Variables: Users can manipulate several variables to customize simulations

according to their trading strategies. These variables include starting equity ($), risk per trade
(%), win/loss ratio (_:1), Scenarios (lines), win probability (%), trades per run (%).

Upon executing the Equity Simulator with the desired variable adjustments, users receive a
comprehensive simulation result that includes:

● Visualization Chart: The simulator generates a visual chart representing the simulation
process, providing an overview of how strategy performs under various scenarios.

● Statistical Table: A table presents statistics derived from the simulation. These
statistics include average performance (% and $), maximum drawdown (% and $), avg.
max. drawdown, return over max drawdown, maximum equity, minimum equity, max.
consecutive wins, max. consecutive losses, expectation and kelly criterion.

Equity Curve Simulator preview

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Additional
Client Reviews Summary

Ratings of the True Forex Funds platform

● Trustpilot – 4.4 (2918 opinii)

● Trustindex - 4.7 (1031 opinii)
● Reviews.io - 2.3 (36 opinii)

True Forex Funds (TFF) has an overall score of 4.4 out of 5, indicating a generally positive
reception among its users. The TFF’s approach to responding to ~50% of negative reviews
also reflects a level of engagement with customer feedback. The following points synthesize
the key insights from both positive and negative reviews:

Positive Aspects
● Customer Support: Many traders commend TFF for good customer service, noting
responsiveness and effectiveness in addressing issues.
● Payout Process: The reliability of payouts is appreciated, despite occasional delays.
The option to use crypto for quicker payouts is also noted.
● Trading Conditions: Traders appreciate the low spreads on various pairs and the
overall trading environment provided by TFF.
● Challenge Models: The challenge models, including the One Step Challenge, are seen
as innovative and trader-friendly.
● Trading Platform and Execution: While there are some complaints, many traders find
the trading platforms suitable and appreciate the execution speed.

Negative Aspects
● Allegations of Scamming: Some traders accuse TFF of fraudulent activities,
particularly relating to account closures and withholding profits.
● Issues with Trade Execution: Complaints about delayed execution and latency issues
are raised, affecting the trading experience negatively.
● Spread Manipulation and High Commissions: There are concerns about spread
manipulation and high commissions, which some traders feel are unfair.
● Account Management: Sudden account suspensions or bans without satisfactory
explanations are a common complaint.
● Withdrawal and Payout Issues: Delays in payouts and issues with withdrawing profits
are highlighted as significant concerns.

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Promotions and Discounts

True Forex Funds occasionally offer promotions. The company does not focus on acquiring
customers through promotions. Discounts on challenges are not available throughout the year,
but only occasionally. It is recommended to always check if they are available at the time of
purchasing an account.

Use our code to receive a discount:

Use code _________ for ___% discount on your first buy

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Affiliations

True Forex Funds affiliate program offers:

Payout process
Affiliates are paid on the 15th day of each month for sales that occurred during the previous
period. A minimum payout threshold of €300 is set, and affiliates must have referred at least
ten separate customers to qualify. Self-purchases are permitted in this program.
The affiliate rewards are automated, meaning affiliates do not need to take any action to
receive their earnings. These rewards are sent directly to the affiliates' chosen payout method.

Rewards scheme benefits

The company seeks to acknowledge and reward dedication by offering up to a 15% commission
for every newly referred customer. Affiliates, whether working from the comfort of their homes
or anywhere else in the world, can tap into vast online audiences using their referral links.
Additionally, upon reaching the Advocate tier, affiliates have the option to request a 5%
discount, which they can offer to their audience as an added incentive.

True Forex Funds Affiliate Tier System

Rewards scheme benefits

The website and business model in question are characterized by one of the highest
conversion rates in the industry. Such high rates indicate a higher likelihood of referred
individuals purchasing products. When a customer transitions from an affiliate's site to this
website and then returns to make a purchase within 60 days, credit is attributed to the
referring source.

Affiliate area
To facilitate easy navigation through the affiliate area, one should visit the Affiliate website
provided via email, sign in, and select "Reports" on the left sidebar. This allows access to all
information regarding affiliate relations.

To view individuals who have signed up using a unique link, clicking on "Commission" and
checking the affiliate's Order ID number will provide the necessary details.

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Summary
The True Forex Funds certification report analyzes a prop-trading platform allowing investors to
trade in Forex with external financing. Traders undergo a two-phase evaluation, aiming for an
8% profit in phase one and 5% in phase two, with a 5% daily and 10% overall drawdown limit,
without a minimum trading days requirement. The platform offers various account sizes in three
currencies, with up to $400,000 funding. A single-phase second program demands a 10% profit
in 30 days, with a 5% daily and 10% overall drawdown limit and a minimum of 5 trading days.
Profit-sharing is 80% for traders.

The platform features a scaling plan for traders to increase deposits every three months, up to
$2.5 million, requiring an 8% profit over 90 days and at least three successful withdrawals. It
offers a range of assets for trading, including currencies, indices, and cryptocurrencies.
Financial transactions on True Forex Funds are facilitated through cards, bank transfers, and
cryptocurrencies, with bi-weekly withdrawals and options like USDT and Advcash. Customer
support is provided via email and live chat, and the platform actively engages on social media.

True Forex Funds also includes tools for trade analysis and educational resources on its
website, helping traders develop their strategies. The True Forex Funds is a company worthy of
cooperation and recommendation.

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Sources
The data for the report was collected in the period 08.2023 - 02.2024 from the following
sources:

True Forex Funds website - https://trueforexfunds.com

True Forex Funds client area - https://app.trueforexfunds.com/dashboard
True Forex Funds on Trustpilot - https://www.trustpilot.com/review/trueforexfunds.com

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