TFF foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://app.trueforexfunds.com/register, about the company's legal and temporary regulatory information, the company's address 9022 Győr Móricz Zsigmond rkp. 1/B. fszt. 14..
TFF Forex Broker
Basic Information
Hungary
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Rating Index
TFF Forex Broker - Complete Information Guide
1. Broker Overview
True Forex Funds (TFF) is a proprietary trading firm that was established in 2021. The company is headquartered in Győr, Hungary, and operates as a private entity. TFF primarily serves a global market, catering to traders from over 110 countries, providing them with opportunities to access significant trading capital without risking their own funds.
Since its inception, TFF has rapidly gained popularity among traders due to its competitive funding options and favorable trading conditions. One of the key milestones in the firms development was the introduction of its one-phase funding challenge, which allows traders to secure funding without stringent time constraints. TFF is owned and operated by TFF International Kft., and it has successfully paid out over $30 million to traders in the first nine months of 2023.
The business model of TFF is centered around offering funded accounts to traders who demonstrate their skills through a straightforward evaluation process. This model aims to empower traders by providing them with the necessary resources to succeed in the forex market.
2. Regulatory and Compliance Information
True Forex Funds operates in an unregulated environment, which is typical for proprietary trading firms. As of now, TFF does not hold any licenses from major financial regulatory authorities. This lack of regulation raises certain concerns regarding investor protection and the safety of client funds.
The firm is registered under the Hungarian company registration number 08-09-034894, and while it adheres to responsible financial practices, it is essential for traders to understand the risks associated with trading through an unregulated broker.
TFF does not offer a segregated account policy, which means that client funds may not be held separately from the companys operational funds. The firm has implemented Know Your Customer (KYC) and Anti-Money Laundering (AML) measures to ensure compliance with basic financial regulations, although these practices may not be as stringent as those enforced by regulated brokers.
3. Trading Products and Services
True Forex Funds offers a diverse range of trading products, focusing primarily on forex currency pairs. The firm provides access to over 40 currency pairs, including major, minor, and exotic pairs, catering to a wide array of trading strategies.
In addition to forex, TFF also offers Contracts for Difference (CFDs) on various asset classes, including commodities, indices, stocks, and cryptocurrencies. The product offerings are continually updated, with the firm actively expanding its range of available instruments to meet the evolving needs of traders.
TFF's services are designed for both retail and institutional clients, providing a robust trading environment that supports various trading styles, from day trading to long-term investing. The firm does not currently offer white-label solutions or asset management services, focusing instead on its proprietary trading model.
4. Trading Platforms and Technology
True Forex Funds provides traders with access to the widely recognized MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. These platforms are known for their user-friendly interfaces and extensive features, including advanced charting tools and algorithmic trading capabilities.
The firm does not currently offer a proprietary trading platform, and there are no indications of a web-based trading platform being available. However, TFF is committed to ensuring that traders have a seamless trading experience through its chosen platforms.
Mobile trading is supported, with applications available for both iOS and Android devices, allowing traders to manage their accounts and execute trades on the go. The execution model is primarily STP (Straight Through Processing), ensuring fast and efficient trade execution.
TFF also supports API access for automated trading, enabling traders to implement their strategies using trading algorithms.
5. Account Types and Trading Conditions
True Forex Funds offers several account types tailored to different trading needs. The standard account conditions include a minimum deposit requirement of €89 for the smallest account size of $10,000. The firm provides competitive spreads starting from 0.0 pips, although specific commission structures are not clearly outlined.
For traders seeking more advanced options, TFF offers VIP and professional accounts, which come with enhanced features and benefits. Additionally, the firm provides Islamic accounts for traders who require them.
TFF allows for a maximum leverage of 1:100, which is common in the industry. The minimum trading lot size is set at 0.01 lots, making it accessible for traders with varying capital levels. Overnight fees and other trading conditions are applied according to industry standards.
6. Fund Management
True Forex Funds supports a variety of deposit methods, including bank transfers, credit/debit cards, and cryptocurrencies. The minimum deposit requirement varies based on the account type, starting at €89 for the smallest account.
Deposits are processed quickly, with most methods offering instant or same-day processing. However, specific deposit fees may apply, particularly for bank transfers.
Withdrawal options are somewhat limited, encompassing bank transfers and credit card transactions. TFF aims to process withdrawals within 24 hours, although this may vary based on the method used.
The firm does not provide detailed information regarding withdrawal fees, which can be a crucial factor for traders.
7. Customer Support and Educational Resources
True Forex Funds offers customer support through various channels, including live chat, email, and social media. The support team is available 24/5, covering most trading hours to assist clients with their inquiries.
The firm provides support in multiple languages, including English, Spanish, French, German, Italian, Portuguese, Russian, Arabic, Chinese, and Japanese, ensuring accessibility for a diverse clientele.
In terms of educational resources, TFF maintains an informative blog featuring market analysis, trading strategies, and tutorials. However, the range of educational materials may not be as extensive as that offered by some competitors.
Traders can also access daily market analyses and research reports, helping them stay informed about market trends and opportunities.
8. Regional Coverage and Restrictions
True Forex Funds operates primarily in the European market, with a significant presence in Hungary and other EU countries. The firm accepts traders from over 110 countries, providing a broad reach for its services.
While TFF does not explicitly list restricted countries, it mentions that traders from nations subject to AML sanctions, such as Iran, Syria, and North Korea, may face additional scrutiny during the account opening process.
The firm does not have specific regional offices outside Hungary, but it aims to cater to a global audience through its online platform.
In conclusion, True Forex Funds presents a compelling option for traders seeking access to funded trading accounts. With its competitive profit-sharing model and straightforward evaluation process, it has positioned itself as a noteworthy player in the proprietary trading space. However, potential clients should remain aware of the inherent risks associated with trading through an unregulated broker.
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Latest Reviews
张天存
United States
TFF seems to be a special type of foreign exchange company like Myforexfunds. Customers can use the company's money to trade after passing the test of trading ability... Such a company is still too difficult for me. I need to practice more on the demo account. Most of the time I'm still losing money...
Positive
2023-03-16
悠
Hong Kong
TFF is a very new but reliable and trustworthy company. I've been trading with them ever since they appeared on the market and it's been a really pleasant trading experience. Recommend it to all traders.
Positive
2023-03-09
TFF
News
Exposure The truth behind True Forex Funds shutdown
The recent shutdown of True Forex Funds (TFF) has sparked considerable concern and speculation within the forex trading community.
News True Forex Funds Ready to Relaunch Prop Trading Next Week
True Forex Funds in Hungary plans to restart operations on February 19, 2024, after a temporary suspension. CEO Nagy works on new solutions and platforms.
News MetaQuotes Ends Prop Trading Firm True Forex Funds License
MetaQuotes ends True Forex Funds license, sparking trader concerns. CEO assures restoration efforts are underway.
FX1578056533
Colombia
The platform's interface is user-friendly, but execution speed fluctuates. Customer support is responsive, but problem resolution can be slow. The range of tradable instruments is decent, but spreads could be more competitive. Educational resources are limited. Account funding and withdrawals are hassle-free, but fees are somewhat high.
37130
2023-12-27