True Forex Funds was established in 2021 and positions itself as a no-nonsense alternative to the larger prop firms. The company operates out of Europe and has steadily grown its user base by offering competitive evaluation pricing and clear, easy-to-understand trading rules. While it lacks the brand recognition of FTMO or FundedNext, True Forex Funds has developed a loyal community of traders who appreciate its simplicity.
The firm follows the standard two-phase evaluation model that has become the industry norm. What sets it apart is its balance of affordability and reasonable rules — the profit targets are achievable, the drawdown limits are fair, and the pricing sits below the industry average. True Forex Funds is a solid middle-of-the-road option for traders who do not need the most premium features but want a reliable funded account.
Phase 1: Profit target of 8% within 30 calendar days. Maximum daily loss of 5%. Maximum overall loss of 10%. Minimum of 5 trading days required.
Phase 2: Profit target of 5% within 60 calendar days. Same drawdown rules apply: 5% daily and 10% maximum. Minimum 5 trading days.
Upon passing both phases, you receive a funded account with no profit targets. The evaluation fee is refunded with your first profit split. The rules are nearly identical to FTMO's structure, making it easy for traders familiar with that format to transition.
True Forex Funds offers competitive pricing, generally 10-20% below FTMO for equivalent account sizes:
- $10,000 account — ~$89
- $25,000 account — ~$189
- $50,000 account — ~$289
- $100,000 account — ~$489
- $200,000 account — ~$949
With the TRUE12 discount code, these prices drop by an additional 12%. The fee is refundable upon first payout on the funded account.
- Daily loss limit: 5% of initial account balance. Includes floating (unrealized) losses.
- Maximum drawdown: 10% of initial balance (static, not trailing).
- Minimum trading days: 5 days per evaluation phase. No minimum on funded accounts.
- News trading: Restricted. Cannot open or close trades within 2 minutes of high-impact news releases (NFP, FOMC, CPI, etc.).
- Weekend holding: Not permitted during evaluation. Allowed on funded accounts with some restrictions.
- EAs: Expert Advisors allowed. No HFT, tick scalping, or latency arbitrage.
- Lot sizes: Scale with account. $100K allows up to 30 standard lots per trade.
- Consistency rule: No strict consistency rule, but account reviews are conducted if trading patterns appear manipulative.
True Forex Funds supports MetaTrader 4 and MetaTrader 5. No cTrader or alternative platforms are available. Instruments include forex pairs (major, minor, and some exotics), indices (US30, NAS100, DAX40, UK100), commodities (gold, silver, crude oil), and cryptocurrency CFDs (BTC, ETH). The range is adequate for most forex traders but more limited than firms offering individual stock CFDs.
True Forex Funds offers an 80% profit split from the start, with no initial lower tier. Payouts are bi-weekly after the first 14 days of funded trading. Payment methods include bank transfer and cryptocurrency. The evaluation fee is included in your first payout as a refund. No minimum payout threshold applies.
The scaling plan activates after 3 months of consistent profitability with a cumulative return of at least 10%. When triggered, account size increases by 25% and the process can repeat. There is no increase to the profit split (it remains at 80%), which is a downside compared to firms like FTMO where scaling also boosts the split to 90%.
Pros:
- Competitive pricing — generally cheaper than FTMO for equivalent accounts
- Straightforward two-phase evaluation with clear, familiar rules
- 80% profit split from day one (no tiered starting split)
- Static drawdown (not trailing) — more forgiving than trailing models
- Fee refunded with first profit split
- Bi-weekly payouts
Cons:
- No cTrader support — MT4 and MT5 only
- News trading restricted during evaluation and funded phases
- No weekend holding during evaluation
- Profit split caps at 80% even with scaling (many competitors offer 85-90%)
- Smaller brand — less community support and fewer educational resources
- Trustpilot rating of 4.0/5 is decent but below top-tier firms
- Limited instrument selection (no individual stocks)
True Forex Funds is a good fit for forex day traders who want a standard two-phase evaluation at a lower price point than FTMO. If you are comfortable with MetaTrader, do not need weekend holding or news trading, and want a straightforward evaluation without complex rules, True Forex Funds delivers solid value.
Traders who want the highest possible profit split, cTrader support, or a wider instrument range should consider alternatives. The firm is a sensible choice for budget-minded traders who want a reliable FTMO-style experience without the FTMO-level pricing.
★★★★☆ 4.0 / 5 — based on 2,971 reviews on Trustpilot.
True Forex Funds has a respectable Trustpilot rating. Positive reviews highlight the competitive pricing, clear rules, and reliable payouts. Negative reviews mention the news trading restrictions as overly strict and occasional account review delays. Some traders also note that the 80% profit cap is disappointing compared to firms that offer scaling to 90%. Overall, the feedback is mostly positive, reflecting a solid but not exceptional trader experience.