True Forex Funds is a proprietary trading firm that offers transparent operations and regular payout updates, making it appealing to a broad spectrum of traders. The firm provides funds to its partners for currency market trading, with traders being able to hold USD, EUR, or GBP balances ranging from $10,000 to $200,000 or equivalent in other currencies. True Forex Funds Payout offers a challenge divided into two phases, with 8% and 5% profit targets.
Successful completion of the challenge offers traders unrestricted strategies and trading days, with the onus on monitoring daily and overall drawdowns. The profit split heavily favors traders, with an 80/20 split and no monthly fees. The firm also offers lower spreads compared to direct broker trading, making trading more cost-effective and potentially more profitable.
The firm's transparent operations, distinct plans, fee reimbursement, and profit allocation are some of the pros highlighted by experts. However, limited trading instruments, few trading platforms, and limited tech support channels are noted as cons. It's important to note that there are some scam alerts associated with True Forex Funds, so it's essential for traders to conduct thorough research and due diligence before engaging with the firm.
True Forex Funds Payout | A Quick Overview
- True Forex Funds (TFF) offers an 80% profit split to successful traders, with no responsibility for losses, except for exceeding loss limits
- The platform provides detailed payout records, allowing traders to analyze their performance over time, including monthly summaries, detailed trading statistics, and a history of wins and losses
- TFF has paid out over $30 million to traders in the first nine months of 2023 and has an average payout arrival time of less than 24 hours
- The evaluation process involves a two-phase evaluation with a profit target of 8% in the first phase and 10% in the second phase. Traders need to maintain their account balance above certain thresholds to pass the evaluation
- TFF offers bi-weekly payouts, simple rules, and tight spreads. The platform is transparent and provides real-time details of payouts on its website
What is the average payout amount for true Forex funds
The average payout amount for True Forex Funds is approximately $2,999.12, as per the new monthly statistics for May, which reported a total of 1176 payouts with a combined amount of $3,526,959.66. Traders receive their 80% profit split every two weeks, and the firm offers various payout options, including USDT, PayPal, bank transfer, and cryptocurrency, with no commission charges for withdrawals.
The firm's transparent operations and regular payout updates have attracted a broad spectrum of traders, with the 2-Phase Evaluation Process and an 80% profit split being key features. True Forex Funds has paid out over $30 million to traders in the first nine months of 2023, with an average payout arrival time of less than 24 hours. The introduction of USDT payouts provides traders with additional flexibility and ease of withdrawal, further enhancing the payout experience for True Forex Funds traders
Payout Section in True Forex Funds
| Feature | True Forex Funds |
|---|---|
| Profit Split | 80% of profits |
| Payout Frequency | Bi-weekly |
| Minimum Trading Days | None |
| Maximum Daily Loss | 3% |
| Maximum Overall Loss | 6% |
| Profit Target | Varies |
| Evaluation Phases | 1-Phase or 2-Phase |
| Account Sizes | $10,000, $25,000, $50,000, $100,000, $200,000 |
| Trading Platforms | MT4, MT5 |
| Leverage | 1:100 |
| Spread | Starting from 0.0 pips |
| Swap-free Account | Available |
| Expert Advisors (EA) Trading | Allowed |
| News Trading | Allowed |
| Weekend Trading | Allowed |
| Scaling Up Plan | Available |
| Refundable Registration Fee | Yes |
| Customer Support | 24/5 |
| Payout Transparency | Detailed payout records, monthly summaries, detailed trading statistics, history of wins and losses |
| Payout Speed | Average payout arrival time of less than 24 hours |
| Payout Methods | Bank transfer, crypto |
True Forex Funds Payout Overview
- 80% profit split for successful traders
- Bi-weekly payouts
- No minimum trading days
- Maximum daily loss of 3%
- Maximum overall loss of 6%
- The profit target varies depending on the evaluation phase
- Evaluation phases: 1-Phase or 2-Phase
- Account sizes: $10,000, $25,000, $50,000, $100,000, $200,000
- Trading platforms: MT4, MT5
- Leverage: 1:100
- Spread: Starting from 0.0 pips
- Swap-free account available
- Expert Advisors (EA) Trading allowed
- News Trading allowed
- Weekend Trading allowed
- Scaling Up Plan available
- Refundable registration fee
- 24/5 customer support
- Detailed payout records, monthly summaries, detailed trading statistics, and a history of wins and losses
- Average payout arrival time of less than 24 hours
- Payout methods: Bank transfer, crypto
True Forex Funds USDT Payout Now Available
- True Forex Funds (TFF) now offers USDT payouts for traders.
- Traders can withdraw their profit split in USDT ERC20, in addition to PayPal, bank transfer, or other methods via Deel.
- This move aims to provide more flexibility and convenience to traders, especially those facing difficulties with withdrawals.
- TFF also offers a Christmas discount and a 15% Cashback offer for traders using the Forex Prop Reviews Cashback Link.
True Forex Funds Spreads Discussed By Proprietary Trading Experts
True Forex Funds USDT Payout
- True Forex Funds (TFF) now offers USDT payouts for traders.
- Traders can withdraw their profit split in USDT ERC20, in addition to PayPal, bank transfer, or other methods via Deel.
- This move aims to provide more flexibility and convenience to traders, especially those facing difficulties with withdrawals.
- TFF also offers a Christmas discount and a 15% Cashback offer for traders using the Forex Prop Reviews Cashback Link.
Benefits of USDT Payout
- Flexibility: Traders can now choose to withdraw their profits in USDT, a popular and widely accepted cryptocurrency.
- Convenience: USDT withdrawals can be processed quickly and easily through a variety of cryptocurrency exchanges and wallets.
- Accessibility: USDT is a global cryptocurrency, making it accessible to traders from all over the world.
- Reduced Fees: USDT withdrawals often have lower fees compared to traditional bank transfers or other payment methods.
How to Withdraw USDT from True Forex Funds
- Log in to your True Forex Funds account.
- Navigate to the “Withdraw” section.
- Select “USDT” as the withdrawal method.
- Enter the amount of USDT you wish to withdraw.
- Provide the address of your USDT wallet.
- Review and confirm the withdrawal details.
- Click on “Withdraw” to initiate the transaction.
Note: USDT withdrawals may take some time to be processed, depending on the network conditions and the workload of the blockchain.
What are the rules and regulations for trading with True Forex funds
Rules and Regulations for Trading with True Forex Funds
- Evaluation Process: True Forex Funds offers a two-phase evaluation process. In Phase 1, traders need to achieve an 8% profit target within 30 days, while maintaining a minimum account balance of 90% and a daily balance of 95%. In Phase 2, traders need to achieve a 5% profit target within 60 days, with the same account balance requirements.
- Trading Rules: Traders must adhere to specific trading rules during the evaluation process. These rules include a maximum daily loss limit of 3% and a maximum overall loss limit of 6%. Traders are also prohibited from engaging in certain trading practices, such as scalping, hedging, and arbitrage.
- Account Funding: Once traders successfully complete the evaluation process, they will receive a funded account with a balance ranging from $10,000 to $200,000. The account size depends on the initial deposit made by the trader.
- Profit Sharing: True Forex Funds offers a profit-sharing arrangement, where traders receive 80% of the profits generated from their funded accounts. The remaining 20% goes to True Forex Funds as a performance fee.
- Payouts: Payouts are processed bi-weekly, and traders can withdraw their profits via bank transfer, PayPal, or cryptocurrency. The average payout arrival time is less than 24 hours.
- Customer Support: True Forex Funds provides 24/5 customer support to traders. Traders can contact the support team via live chat, email, or phone.
How to Request Payouts at true Forex funds? (A Step-by-Step Guide)
To request payouts at True Forex Funds, you can follow these steps:
- Log in to your True Forex Funds account.
- Navigate to the “Withdraw” section.
- Select your preferred withdrawal method (bank transfer, PayPal, or cryptocurrency).
- Enter the amount you wish to withdraw.
- Provide the necessary details for the withdrawal method you have chosen.
- Review and confirm the withdrawal details.
- Click on “Withdraw” to initiate the transaction.
Please note that withdrawals may take some time to be processed, depending on the withdrawal method and the workload of the platform.
FAQs on True Forex Funds Payout
What are the payout options offered by True Forex Funds?
True Forex Funds offers various payout options, including USDT, PayPal, bank transfer, and cryptocurrency, with no commission charges for withdrawals.
How often do traders receive their payouts?
Traders receive their 80% profit split every two weeks after the first trade is placed on their Funded Account.
What is the minimum trading day requirement for True Forex Funds?
The minimum trading day requirement for True Forex Funds is 5 calendar days.
What is the maximum trading period for True Forex Funds?
The maximum trading period for True Forex Funds is 30 calendar days.
What is the profit split offered by True Forex Funds?
True Forex Funds offers a favorable profit split of 80% to traders upon successfully completing the evaluation phase.
CONCLUSION
True Forex Funds is a proprietary trading firm that offers various funding programs and favorable trading conditions. It provides traders with the opportunity to choose between different evaluation program account sizes, such as Standard Offer, Quick Funding, Timeless Funding, and One-phase Funding. The firm has received positive feedback and a high rating on Trustpilot, indicating a good reputation among its community of traders.
The company aims to provide a transparent and efficient way of proprietary trading, using the latest technology and partnering with multiple liquidity providers to offer low spreads. True Forex Funds also offers a comprehensive trader dashboard, transparent payouts, and a commitment to innovation and technology
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