Trade 10 days
True Forex Funds
MyPropChoice is not a white label provider of True Forex Funds or any vendor on our website.
All Prop Firm account discounts are made possible by means of a preliminary evaluation administered by MyPropChoice.
Watch the video below to understand how MPC’s Gate Way Challenge works.
Received the payout in no time. They are professional and legit. There was no issues in the process. Definitely recommended to everyone looking for prop firms with very simple and state forward trading rules & objectives.Kind Regards
Information source True Forex Fund’s Official Website
True Forex Funds provides its clients demo accounts with virtual funds. By virtue of custom, this solution gives broad freedom to deliberately manage risk.
All accounts are simulated to imitate real trading conditions. This is necessary to prepare for the Funded Program since our clients have to face the possibilities of the real markets and not only take advantage of demo accounts in simulated environments.
Our integrated technology bridge the gap between surreal expectations and practical reality.
Through the preparation procedure, our clients rightfully embrace the big picture of trading in live conditions while we look ahead to welcome them into the Funded Program.
True Forex Funds has well-defined trading objectives that help our clients take disciplinary steps toward their goals, organize with due measure and embrace appropriate risk management.
Our Evaluation Process is tailored for the demands of Proprietary Trading, to trade successfully and be committed to us, largely.
The trading objectives contain terms such as,
Profit target: the destination which the accounts closed positions (both balance and equity) must reach, measured in percentage (%).
For all accounts in Phase 1, the profit target is 8%, and for Phase 2 it is 4%.
Meaning a $100,000 account closed positions (balance and equity) have to reach $108,000 in Phase 1, while in Phase 2 $104,000. In other words, the accounts must generate profits of $8,000 in Phase 1 or $4,000 in Phase 2.
Trading period: the max duration to pass a phase, in calendar days.
For Phase 1 the cut-off time is 30 calendar days, for Phase 2 it is 60 calendar days. These are the maximum days the account must meet the profit targets. Undoubtedly, with our no minimum trading days policy in place, if the account reaches the desired profit target, even, in less than a day, the trading period is automatically terminated, and we will be immediately alerted to start assessing the account for the next stage.
The Funded program does not come with profit targets or trading periods to ensure further flexibility for our experienced traders.
To prevent our traders to operate unprepared or vulnerable in the trading environment, we require our clients to manage the accounts with reasonable care to risk to assure longevity. For these reasons, all accounts at all stages respectively have to keep the general 5% of Maximum Daily Loss and 10% of Maximum Overall Loss limits for successful validation.
Funded account withdrawals occur on a bi-weekly basis, meaning at the end of every 14 calendar days trading cycle. Withdrawals are processed during the weekend, as well.
The payout period starts after the first opened position on the funded account. Bi-weekly payouts can be requested after trading 5 days regularly, by sending an inquiry email with the funded account number and payout method to firstname.lastname@example.org
For concrete steps visit the Profit Split section.
Payouts are regularly issued by bank transfers or Deel.
For bank transfer, we will need the client’s full name, IBAN number and SWIFT/BIC code.
Traders located in the US, who own a USD bank account currency, should send their bank account number and their ACH routing number.
On the other hand, with Deel, money can be easily sent and received online (crypto as well). To receive Deel payouts sign up as a contractor and complete the individual profile on their website at https://www.letsdeel.com/
Our clients choose Deel when they wish to receive a direct crypto payout.
We do not charge any commissions for withdrawals.
Trading and holding positions overnight and over the weekend are acceptable. Trading with cryptocurrencies during the weekend is also welcome.
Regarding trading hours, please visit the Market Watch window (Ctrl+M) and select Specifications by right-clicking. Rollover occours at 22:00 GMT+0.
As a reminder, every Sunday, 1 hour before the market opens, custom maintenance will occur on our server to ensure a weekly seamless trading experience. During this time instruments are not tradable.
Please be aware that if the market opens with a gap, it can affect positions in both ways. Manage risk safely!
True Forex Funds uses IC Markets as it’s reliable broker with spreads starting from 0.0 pips.
Freedom to Choose
Our All Star Support team is available to answer your questions
Copyright © 2022 MyPropChoice. All rights reserved.