Are you a forex trader looking to take your trading to the next level?! 💸
If so, you’ll want to pay close attention to this comprehensive review of The Forex Funder.
This prop firm has been making waves in the industry, offering traders an opportunity to access substantial funding without risking their own capital.
Imagine having access to a funded account worth thousands or even millions of dollars, all while keeping the lion’s share of your profits.
That’s precisely what The Forex Funder promises, and in this review, we’ll dive deep into the nitty-gritty details of their offerings. From their evaluation process to their profit-sharing models, we’ll leave no stone unturned!
But that’s not all – we’ll also explore the experiences of real traders who have taken the plunge with The Forex Funder, giving you an inside look at what it’s truly like to trade with their backing.
So buckle up, and get ready to discover if this prop firm is the game-changer you’ve been waiting for in your forex trading journey!!! 🚀
P.S. Stay Tuned for a Discount Code!
💸 The Forex Funder Review 💸
The Forex Funder is a proprietary trading firm that offers funding opportunities to forex traders. Founded in 2020, the company is headquartered in Toronto, Canada, and its CEO is Murtuza Kazmi.
The Forex Funder’s primary offering is a two-phase evaluation process, where traders can demonstrate their skills on a demo account and potentially earn a funded live account.
One of the unique aspects of The Forex Funder is its lack of time constraints, allowing traders to complete the evaluation phases at their own pace. The firm also boasts competitive trading conditions, including raw spreads, low commissions, and a maximum drawdown limit of 10%.
While The Forex Funder has gained popularity among traders seeking funding opportunities, it has also faced scrutiny and legal challenges from regulatory bodies like the U.S. Commodity Futures Trading Commission (CFTC) and the Ontario Securities Commission over alleged deceptive practices.
Despite the controversies, The Forex Funder continues to operate and attract traders seeking a path to proprietary trading without risking their own capital upfront.
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| Key Information | Details |
|---|---|
| CEO | Murtuza Kazmi |
| Key features | Trader Dashboard, Tailored Funding Packages, No Time Constraints, Competitive Trading Conditions, Profit Slits and Scaling. |
| Broker | Blueberry Markets |
| Trading Platform | MatchTrader |
| Payout Split | 95% |
| First Payout | 30 days |
| Subsequent Payouts | 14 days |
| Daily Drawdown | 5% |
| Headquarters | Toronto, Canada |
| Expert Advisors | Allowed |
| Max Funding | $480,000 |
| Funding Programs | The Ability Challenge, Funded Trader Program, Flex Trader Program, and Pro Trader Program |
| Leverage | 1:100 |
| Weekend Holding | Allowed |
| Contact | Email: support@theforexfunder.com |
The Forex Funder Key Features
- Trader Dashboard:
TFF offers a dedicated Trader Dashboard that provides a comprehensive overview of the trader’s challenge status and other essential information, streamlining the trading experience.
- Tailored Funding Packages:
TFF understands that traders have different needs and financial goals, so they offer a range of funding packages to accommodate various trading styles and preferences.
- No Time Constraints:
Unlike some other prop firms, TFF does not impose time constraints on their evaluation phases, allowing traders to complete the challenges at their own pace.
- Competitive Trading Conditions:
TFF provides competitive trading conditions, including raw spreads, low commissions, and a maximum drawdown limit of 10%.
- Profit Splits and Scaling:
Successful traders can enjoy profit splits of up to 80/20 in their favor and have the opportunity to scale their account balances up to $5 million based on consistent performance.
Pros and Cons The Forex Funder
Pros
Cons
How to Sign Up for The Forex Funder? Step-by-Step Guide
- Visit the TFF website:
Go to the official website of The Forex Funder (trueforexfunds.com) to access their sign-up process.
- Create an account:
Click on the “Sign Up” or “Register” button to create a new account. You’ll need to provide basic personal information and choose a username and password.
- Select a funding package:
TFF offers various funding packages with different account sizes. Choose the package that best suits your trading goals and experience level.
- Pay the evaluation fee:
After selecting your desired package, you’ll need to pay the corresponding evaluation fee. This fee can start from $95, depending on the account size and any available discounts.
- Complete the evaluation process:
Once your payment is processed, you’ll gain access to the TFF Trader Dashboard. From here, you can start the evaluation process.
- Meet the trading objectives:
During the evaluation phases, you must adhere to the trading rules set by TFF, such as maximum daily loss limits, overall loss limits, and profit targets. There are no time constraints, so you can complete the phases at your own pace.
- Receive your funded account:
If you successfully complete both evaluation phases, you’ll be granted a funded live account with a profit split in your favor.
The Forex Funder Funding Programs
The Forex Funder offers four funding options: 1-Step Evaluation, 2-Step Evaluation, and Rapid Evaluation.
1. 1-Step Evaluation
This program is designed for traders who want to fast-track their path to a funded account. Instead of going through two separate evaluation phases, traders only need to complete a single phase to become funded. Here are the key details: Profit Target: 10%, Maximum Daily Loss Limit: 4%, Maximum Overall Loss Limit: 8%.
The 1-Step Evaluation Program is an attractive option for traders who are confident in their skills and want to streamline the evaluation process. By meeting the profit target within the specified timeframe and adhering to the risk management rules, traders can quickly secure a funded account with TFF.
| Account Size | Price |
|---|---|
| $10,000 | $155 |
| $25,000 | $270 |
| $50,000 | $490 |
| $100,000 | $860 |
| $200,000 | $1,550 |
| $300,000 | $2,235 |
| $400,000 | $2,860 |
2. 2-Step Evaluation
This is TFF’s traditional and globally recognized funding program, serving over 10,000 traders worldwide. It follows a two-phase evaluation process:
Phase 1: Profit Target: 8%, Maximum Daily Loss Limit: 5%, Maximum Overall Loss Limit: 10%
Phase 2: Profit Target: 5%, Maximum Daily Loss Limit: 5%, Maximum Overall Loss Limit: 10%
The 2-Step Evaluation Program is designed to assess a trader’s skills and risk management abilities over a more extended period. By successfully navigating both phases, traders demonstrate their consistency and readiness for a funded account.
| Account Size | Price |
|---|---|
| $10,000 | $95 |
| $25,000 | $169 |
| $50,000 | $305 |
| $100,000 | $539 |
| $200,000 | $929 |
| $300,000 | $1,339 |
| $400,000 | $1,689 |
| $500,000 | $1,750 |
| $1,000,000 | $3,300 |
3. Rapid Evaluation:
This program is an accelerated version of the 2-Step Evaluation Program, catering to traders who want to expedite the evaluation process. The key difference is that the Rapid Evaluation Program eliminates the minimum trading day requirement, allowing traders to complete the phases at their own pace. The rules for profit targets and loss limits remain the same as the 2-Step Evaluation Program.
| Account Size | Price |
|---|---|
| $10,000 | $119.99 |
| $25,000 | $211.99 |
| $50,000 | $381.99 |
| $100,000 | $673.99 |
| $200,000 | $1,611.99 |
| $300,000 | $1,673.99 |
| $400,000 | $2,111.99 |
| $500,000 | $2,187.99 |
| $1,000,000 | $4,125.99 |
The Forex Funder Discount Code
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Get Up To 20% OFF On The Forex Funder Using Our Coupon Code “FOREXPARKEY”.
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Use coupon code “FOREXPARKEY” which offers a 20% discount on any plans chosen!!!
Let’s take a look at how the prices for 1 Phase Evaluation would change with discounted prices!
1. $155
· Original Price: $155
· Discount Percentage: 20%
· Discount Amount: $155 x 0.20 = $31
· Discounted Price: $155 – $31 = $124
With a 20% discount on $155, the discount amount is $31, and the final discounted price you would pay is $124.
2. $270
· Original Price: $270
· Discount Percentage: 20%
· Discount Amount: $270 x 0.20 = $54
· Discounted Price: $270 – $54 = $216
With a 20% discount on $270, the discount amount is $54, and the final discounted price you would pay is $216.
3. $490
· Original Price: $490
· Discount Percentage: 20%
· Discount Amount: $490 x 0.20 = $98
· Discounted Price: $490 – $98 = $392
With a 20% discount on $490, the discount amount is $98, and the final discounted price you would pay is $392.
4. $860
· Original Price: $860
· Discount Percentage: 20%
· Discount Amount: $860 x 0.20 = $172
· Discounted Price: $860 – $172 = $688
With a 20% discount on $860, the discount amount is $172, and the final discounted price you would pay is $688.
5. $1,550
· Original Price: $1,550
· Discount Percentage: 20%
· Discount Amount: $1,550 x 0.20 = $310
· Discounted Price: $1,550 – $310 = $1,240
With a 20% discount on $1,550, the discount amount is $310, and the final discounted price you would pay is $1,240.
6. $2,235
· Original Price: $2,235
· Discount Percentage: 20%
· Discount Amount: $2,235 x 0.20 = $447
· Discounted Price: $2,235 – $447 = $1,788
With a 20% discount on $2,235, the discount amount is $447, and the final discounted price you would pay is $1,788.
7. $2,860
· Original Price: $2,860
· Discount Percentage: 20%
· Discount Amount: $2,860 x 0.20 = $572
· Discounted Price: $2,860 – $572 = $2,288
With a 20% discount on $2,860, the discount amount is $572, and the final discounted price you would pay is $2,288.
The Forex Funder Payouts
When it comes to payouts, The Forex Funder (TFF) offers a lucrative proposition for successful traders. Once you’ve navigated their evaluation process and earned a funded live account, you’ll be able to keep a substantial portion of your trading profits.
TFF’s profit split is one of the most generous in the industry, with traders retaining an impressive 95% of the profits they generate. This means that for every $10,000 you make on your funded account, a whopping $9,500 goes straight into your pocket.
It’s worth noting that TFF’s payout structure is equity-based, meaning that your profit calculations are based on the account’s equity rather than the account balance. While this approach may be different from some other prop firms, it allows for a more accurate representation of your trading performance.
With such an enticing profit split and the potential for substantial account growth, it’s no wonder that TFF has garnered attention from traders seeking a path to proprietary trading without risking their own capital upfront. Just remember to thoroughly understand their terms and conditions before embarking on your funded trading journey.
Does The Forex Funder Partner With a Legit Broker?
When it comes to executing trades and providing a reliable trading platform, The Forex Funder (TFF) has chosen to partner with BlueberryMarkets, a reputable forex and CFD broker. This strategic alliance ensures that TFF traders have access to a robust and feature-rich trading environment.
BlueberryMarkets is a regulated broker, overseen by the Financial Services Authority (FSA) of St. Vincent and the Grenadines. With a diverse range of tradable instruments, including forex, indices, commodities, and cryptocurrencies, BlueberryMarkets caters to traders with varying interests and strategies.
One of the key advantages of this partnership is the seamless integration of BlueberryMarkets’ platforms with TFF’s evaluation process. Traders can easily access demo accounts on both the MatchTrader platforms, allowing them to familiarize themselves with the trading environment before embarking on their funded account journey.
While some traders have reported occasional issues with slippage and trade execution, it’s important to note that these experiences can vary, and many traders have had positive experiences with BlueberryMarkets’ execution quality.
As with any broker or trading platform, it’s crucial for traders to conduct their own due diligence and thoroughly understand the terms and conditions before committing to a funded account program. By partnering with BlueberryMarkets, TFF demonstrates its commitment to offering traders a reputable and regulated trading environment.
Why Should You Choose The Forex Funder over Other Prop Firms?
- Flexible Evaluation Process:
TFF offers both a 1-step and 2-step evaluation process, allowing traders to choose the option that best suits their experience level and trading style. The 1-step process can be attractive for more experienced traders looking for a faster path to funding.
- No Recurring Fees:
Unlike some other prop firms, TFF does not charge any recurring monthly fees or commissions once a trader is funded. This can help maximize potential profits for the trader.
- Global Accessibility:
TFF accepts traders from various countries and regions, making their program accessible to a diverse pool of traders worldwide. This global reach can be advantageous for traders seeking funding opportunities in their respective locations.
- Potential for Long-Term Partnership:
If a trader consistently performs well with TFF, they may have the opportunity to establish a long-term partnership with the firm, potentially leading to additional benefits or opportunities.
| Features | The Forex Funder | Glow Node | Funding Pips | Smart Prop Trader |
|---|---|---|---|---|
| Trustpilot Rating | 3.4/5 | 4.4/5 | 4.3/5 | 4.7/5 |
| Max Funding | $1,000,000 | $200,000 | $400,000 | $100,000 |
| Profit Split | Upto 95% | Upto 90% | Upto 80% | Upto 90% |
| Trading Instrument | Forex, Indices, and Cryptocurrencies | Forex, Commodities, Indices, and Shares | Forex, Commodities, Indices, and Cryptocurrencies | Forex, Commodities, Indices, and Cryptocurrencies |
| Platforms and Tools | MatchTrader | MetaTrader4 and MetaTrader5 | MetaTrader4 and MetaTrader5 | DXTrade |
The Forex Funder Ratings and Reviews on Trustpilot
The Forex Funder rates an excellent 3.4/5.0 on Trustpilot! It’s still greater than most of the prop firms out there!!! Let’s take a look at what people have to say about it!!
Review 1:
Well…This client rates The Forex Funder a whopping 5 out of 5!
Review 2:
This user gives TFF a 4-star rating! It seems the only issue is high-impact news!
Review 3:
This user gives it a whopping 5 ⭐!!! They have mentioned the giveaway details, take a look below!
FAQs of The Forex Funder
What can I do on my TFF Trader Dashboard?
The Trader Dashboard allows you to monitor your challenge status, account performance, and other essential information related to your evaluation process.
How does the profit split work with TFF?
Successful traders can keep up to 95% of the profits they generate on their funded accounts, which is one of the highest profit splits in the industry.
What happens if I breach trading objectives during the evaluation?
If you breach the trading objectives (e.g., exceed the maximum loss limits), your evaluation will be terminated, and you may need to purchase a new evaluation.
Is news trading allowed with TFF?
Yes, news trading is allowed with TFF.
What are the transaction costs with TFF?
TFF provides competitive trading conditions, including raw spreads and low commissions, through their broker partner, BlueberryMarkets.
Can I get a free retry with TFF?
No, TFF does not offer free retries. If you fail an evaluation, you need to purchase a new one.
How can I change my trading platform with TFF?
You can change your trading platform by contacting TFF’s customer support.
Bottom Line
The Forex Funder presents an intriguing opportunity for traders seeking to elevate their trading game without risking their own capital upfront.
With its attractive profit split, flexible evaluation process, and potential for substantial account growth, TFF has undoubtedly captured the attention of the trading community.
However, it’s crucial to approach this opportunity with a discerning eye! 🧐
Thoroughly research the firm’s terms, conditions, and reputation, and weigh the potential benefits against any potential drawbacks or risks.
If you’re a trader ready to take your skills to the next level, why not explore what The Forex Funder has to offer?
Visit their website, familiarize yourself with their program, and determine if their approach aligns with your trading goals and aspirations.
The world of funded trading awaits those willing to seize the opportunity and put in the hard work required for success!!! 💸
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