PROP FIRM RULES
True Forex Funds RULES & LIMITS
True Forex Funds (TFF) is a proprietary trading firm offering funded forex accounts from $10,000 to $200,000 with an 80% profit split. The two-phase evaluation uses FTMO-style rules — 10% Phase 1, 5% Phase 2, with a 5% daily and 10% total drawdown limit. News trading is permitted and the evaluation has no maximum duration, making it a flexible alternative for forex and commodity traders.
KEY RULES
Daily Drawdown
5%
Max Loss
10%
Profit Target
10% (Phase 1) / 5% (Phase 2)
Min Trading Days
5 days
Max Duration
Unlimited
Leverage
Up to 1:100
EVALUATION PHASES
Phase 1 — Challenge
Phase 2 — Verification
Funded Account
RULE EXPLANATIONS
5% Daily Drawdown — Equity-Based Like FTMO
True Forex Funds calculates the daily drawdown from the highest equity point reached during the trading day, similar to an equity-trailing model. The 5% daily limit is measured from the day's starting balance (or highest balance if profits were locked in earlier). This means if you start a session at $100K and grow to $102K before taking losses, your daily loss limit is still based on the starting $100K — giving you more protection than firms that trail the daily floor with equity peaks.
Edge case: TFF enforces the daily drawdown based on the server's daily reset time (typically midnight GMT). Traders in time zones where the reset occurs mid-session need to be aware that a losing position held across the reset may consume daily drawdown from two separate daily allowances simultaneously if you continue trading after the reset.
News Trading Allowed — With Position Risk Awareness
Unlike many competing prop firms, True Forex Funds permits trading through all economic news releases with no restrictions. Traders can execute during NFP, CPI, FOMC, ECB, and other high-impact events. This makes TFF particularly attractive for event-driven traders and those who use news releases as entry catalysts. There is no mandatory close-before-news rule.
Edge case: While news trading is permitted, extremely wide spreads during the announcement moment can trigger a stop loss at a worse price than expected. A trade sized at 1.5% risk may realize a 3–4% loss due to slippage on a volatile announcement. Always account for potential spread widening when sizing positions intended to be held through news events, and verify that your stop loss placement allows for the expected spread expansion.
5-Day Minimum Requirement — Spread Across Calendar Days
True Forex Funds requires a minimum of 5 trading days in each phase. A trading day counts only if at least one trade is opened and closed during that calendar day (server time). Days where you only hold overnight positions without opening new trades may not count toward the minimum. The minimum applies independently to Phase 1 and Phase 2 — you cannot carry over days.
Edge case: If you reach the profit target in fewer than 5 days, you must continue trading (with active sessions) until the minimum is met. Some traders make the mistake of reaching the target early and stopping, then failing to meet the minimum days requirement before the phase expires.
ACCOUNT SIZES & PRICING
| Account | Size | Price |
|---|---|---|
| $10K | $10,000 | $97 |
| $25K | $25,000 | $197 |
| $50K | $50,000 | $297 |
| $100K | $100,000 | $497 |
| $200K | $200,000 | $897 |
TIPS TO PASS TRUE FOREX FUNDS
The rules are nearly identical to FTMO, making TFF an accessible backup option or lower-cost alternative for traders already comfortable with the FTMO framework. If you've passed FTMO before, the transition to TFF requires minimal adjustment — focus on the pricing and payout schedule differences rather than relearning rules.
News trading is fully permitted — use this to your advantage if your strategy includes event-driven setups. Trading around NFP, CPI, or central bank decisions can generate outsized returns relative to risk if timed correctly. Confirm that your broker execution handles news slippage acceptably before deploying this in the evaluation.
Meet the 5-day minimum early. Open at least one trade per session in the first five days even if the setup quality is moderate. This ensures the minimum is met before you hit the profit target, avoiding the frustrating situation of passing the profit target but being locked out of submitting due to insufficient trading days.
With unlimited duration and no maximum time limit, TFF removes the pressure that causes most prop firm failures. Use this to stick to your A+ setups only. Traders who trade every day regardless of conditions are the ones who blow up on day 11. Quality over quantity — the time limit doesn't punish patience.
WHY TRADERS FAIL TRUE FOREX FUNDS
Hitting the 5% daily drawdown on a volatile session when treating TFF as "identical to FTMO". While the rules are similar, execution differences (spread, slippage during news) can push realized losses beyond what the numbers suggest on paper. A 1.5% risk trade can realize 2% loss during fast markets, rapidly approaching the 5% daily ceiling.
Failing to meet the 5-day minimum before submitting the account for review. Traders who hit the profit target quickly sometimes forget the minimum days requirement. Always verify both conditions — profit target AND minimum days — before expecting the phase to pass.
Overtrading during Phase 2 after an easy Phase 1 pass. Phase 2 only requires 5% profit, but many traders inflate their position size after the confidence boost of passing Phase 1. A streak of losing trades in Phase 2 consumes the daily drawdown faster than anticipated. Treat Phase 2 with the same risk discipline as Phase 1.
Using inappropriate position sizes on XAUUSD (gold). TFF supports commodities including gold, which is a highly volatile instrument. Traders who use percentage-based risk correctly on forex pairs sometimes forget that gold's pip value and daily range differ significantly. A stop loss placed at the same pip distance as a forex trade can represent 3–4× the dollar risk on gold.
FAQ — TRUE FOREX FUNDS
What are the True Forex Funds drawdown rules?
True Forex Funds enforces a 5% daily drawdown limit and a 10% maximum total loss limit. Both are calculated from the starting account balance. The daily drawdown resets at midnight GMT server time. Breaching either limit at any point — including on floating (unrealized) losses — fails the evaluation immediately.
Does True Forex Funds allow news trading?
Yes — True Forex Funds allows trading during all economic news events with no restrictions. There is no mandatory close-before-news rule and no blocked trading window around announcements. This makes TFF compatible with event-driven and news-based trading strategies.
What is the True Forex Funds profit split?
Funded traders receive 80% of all profits. Payouts are processed on request after meeting the minimum payout threshold. True Forex Funds has offered periodic promotional periods with higher profit splits (up to 90%), so it is worth checking the current offer before purchasing.
How many trading days are required for True Forex Funds?
A minimum of 5 trading days is required in each phase. A trading day counts when at least one trade is opened and closed during that calendar day (server time). The minimum applies independently to each phase — you cannot carry over days from Phase 1 to Phase 2.
Is True Forex Funds a legitimate prop firm?
True Forex Funds is an active proprietary trading firm with a track record of funded accounts and payouts. As with any prop firm, verify current payout reviews on independent forums (Trustpilot, Reddit r/Forex) before purchasing. The prop firm industry changes rapidly and due diligence on payout history is always recommended.
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