True Forex Funds Challenge Rules: Complete Guide for 2026

True Forex Funds gained rapid popularity by offering a clean, no-nonsense evaluation model with competitive pricing and fast payouts. The firm operates a two-phase evaluation that is similar in structure to FTMO, making it a familiar choice for traders who want a straightforward path to funded trading.

True Forex Funds Overview

True Forex Funds is a proprietary trading firm based in Europe that provides funded accounts for forex, indices, metals, and commodity traders. The firm operates through MetaTrader 4 and MetaTrader 5 platforms. Their evaluation model consists of two phases, after which successful traders receive a funded account with profit splits starting at 80% and increasing to 85% over time.

True Forex Funds positions itself as a trader-friendly firm with relatively fast payout processing, no restrictions on trading style, and support for EAs and manual trading alike. They also offer a rapid evaluation option for traders who want accelerated access to funding.

Note: Prop firm availability and rules change frequently. Always verify current offerings directly on the True Forex Funds website before purchasing a challenge.

True Forex Funds Rules at a Glance

• Daily Drawdown: 5% of the starting balance for the day
• Maximum Overall Loss: 10% of the initial account balance
• Phase 1 Profit Target: 8%
• Phase 2 Profit Target: 5%
• Minimum Trading Days: 5 days per phase
• Leverage: Up to 1:100 on forex, lower on other instruments
• News Trading: Allowed during evaluation, some restrictions may apply on funded accounts
• Weekend Holding: Generally allowed
• EAs: Permitted, with restrictions on arbitrage and HFT strategies

Account Sizes & Pricing

True Forex Funds offers a range of account sizes. Pricing below reflects typical rates for the standard evaluation.

Account Size	Approximate Fee	Phase 1 Target	Phase 2 Target	Profit Split
$10,000	$89	8%	5%	80%
$25,000	$189	8%	5%	80%
$50,000	$289	8%	5%	80%
$100,000	$449	8%	5%	80%
$200,000	$849	8%	5%	80%

Pricing is approximate and subject to change. Check the True Forex Funds website for current pricing and promotions.

How to Pass True Forex Funds

1. Treat it like FTMO with fresh eyes. The rule structure is nearly identical to FTMO (5% daily, 10% max, 8%/5% targets). If you have experience with FTMO challenges, the same discipline applies here. But do not assume every detail is identical — read the specific terms.
2. Build a 3-4% buffer before taking risks. In Phase 1, aim to bank 3-4% profit with small position sizes before increasing risk. This buffer protects you from a single bad day wiping out your progress.
3. Spread your trades across the minimum 5 days. Do not try to hit 8% in one or two sessions. Firms look for consistency, and even if there is no formal consistency rule, erratic performance patterns can raise red flags.
4. Be extra cautious on day 4 and 5. Many traders approach the minimum day requirement with most of their profit target already hit. The temptation is to "just get one more trade" to cross the line. This is where overtrading happens. If you are at 7.5%, take a small, high-probability setup rather than swinging for the fences.
5. Journal every trade. True Forex Funds may review your trading history. A clean, well-documented journal shows intentional trading — not gambling. TradeLens provides this automatically with every trade import.

Common Failures

• Breaking the 5% daily drawdown on a news spike. Even if news trading is allowed, major releases like NFP can cause slippage that pushes your loss beyond the daily limit before your stop loss fills.
• Approaching Phase 2 with the wrong mindset. Phase 2 has a lower target (5%) but the same drawdown rules. Traders who passed Phase 1 with aggressive sizing often fail Phase 2 because they do not scale back.
• Letting a winning challenge turn into a losing one. Traders who reach 6-7% profit in Phase 1 sometimes give it all back by overtrading. Once you are within 1-2% of the target, tighten your risk per trade to 0.5% and close out the phase safely.
• Ignoring floating equity. Your drawdown is calculated on equity, not closed P&L. A trade that is -4.8% in floating loss counts against your daily drawdown even if you have not closed it.

Track Your Challenge with TradeLens

TradeLens tracks your True Forex Funds challenge in real time through MT4/MT5 EA Bridge integration. Monitor daily drawdown, overall drawdown, and progress toward your profit target — all from a single dashboard. The AI Bias Detector flags emotional trading patterns before they breach your limits.

Get your free Discipline Score and see if you are ready for a funded challenge — before you pay the fee.

Does True Forex Funds refund the challenge fee?

Yes, True Forex Funds typically refunds the evaluation fee with your first profit split on the funded account. This means if you pass both phases and reach your first payout, you receive your original challenge fee back along with your profit share.

Is there a time limit on True Forex Funds evaluations?

The standard evaluation typically has no time limit for either phase. You can take as long as you need to reach the profit target, as long as you trade at least the minimum number of days and do not breach any drawdown rules. Check the current terms on their website as this may vary by account type.

Can I trade during high-impact news events?

During the evaluation phases, news trading is generally allowed. However, on funded accounts, there may be restrictions around trading within a few minutes of major economic releases. Always confirm the latest rules with True Forex Funds before planning a news-based strategy on a funded account.