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True Forex Funds

⚠️ Shutdown — Financial Insolvency
AKA: TFF · Case closed: 2024-05-15
92/100
Severity
8
Red Flags
N/A — Shutdown
Avg Payout
2
ToS Changes
10
Verified
Evidence Categories
Critical
Warning
Resolved
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PropFiles presents publicly available information and verified user reports. All allegations attributed to sources. Not financial or legal advice.

10 items
True Forex Funds Official✓ Verified2024-05-13
Permanent Shutdown: "Financial Insolvency" — All Operations Ceased
TFF announces permanent closure due to financial insolvency. Website taken offline, replaced with shutdown notice...
Financial InsolvencyPermanent ShutdownNo Warning👍312 👎2
MetaQuotes✓ Verified2024-02-01
MetaQuotes Terminates TFF's MT4/MT5 Licenses — First Shutdown
MetaQuotes revoked TFF's trading licenses due to unregulated broker partnership. CEO Nagy called it 'non-sense reason'...
MetaQuotesLicense RevokedUnregulated BrokerCompliance Failure👍234 👎5
True Forex Funds✓ Verified2024-04-19
Failed Relaunch: Migrated to Match-Trader Platform — Collapsed 3 Weeks Later
After losing MetaTrader license, TFF relaunched on Match-Trader in select countries. Lasted only weeks before permanent closure...
Failed RelaunchMatch-Trader3 WeeksStill Selling👍189 👎3
Industry Analysis✓ Verified2024-02-01
Unregulated Broker Partnership Since 2021 — Never Addressed Compliance
TFF partnered with an unregulated broker since 2021. When MetaQuotes enforced compliance, the entire business collapsed...
Unregulated Since 2021No ComplianceNo Backup Plan👍178 👎8
Industry Reports✓ Verified2024-02-15
Tax Authority Investigation — Regulatory Scrutiny on TFF Operations
Local tax authorities reportedly investigated TFF's operations. Details remain limited but raised legitimacy concerns...
Tax InvestigationRegulatory ScrutinyCompliance Questions👍112 👎15
Multiple Traders (Trustpilot)✓ Verified2024-05-13
Accounts Purchased Day Before Shutdown — No Refunds Issued
Multiple traders report purchasing evaluation accounts hours before the shutdown announcement. No refunds. TFF was still promoting...
No RefundsStill Selling Before ShutdownTheft Accusations👍267 👎4
Trustpilot Reviewer✓ Verified2024-04-23
Account Manipulation: $800 Profit Reduced to $400 After "Technical Issues"
Trader's $800 profit was halved to $400 after account was blocked for 'technical issues'. Support took 2 weeks to respond...
Account ManipulationProfit ReducedTechnical Issues Excuse👍198 👎6
True Forex Funds Marketing✓ Verified2024-05-11
Marketing Emails Sent 2 Days Before Shutdown — Massive Discounts to Attract New Money
TFF sent 75-85% discount promotions via email just days before announcing permanent closure. Still collecting money...
Marketing Until Last Day75-85% DiscountsCash GrabSame Pattern👍223 👎3
Trading Community (X/Twitter)✓ Verified2024-05-14
Community Reaction: "Made Millions, Paid Millions, Traders Still Suffered"
Widespread community reaction on X/Twitter. PropFirmDrama and multiple traders document the aftermath...
Community ReactionTraders SufferedIndustry Crisis👍187 👎3
Forex Factory Community✓ Verified2024-05-15
Chargeback Advice: Traders Organizing to Recover Funds Through Banks
Forex Factory members sharing advice on how to initiate chargebacks for TFF purchases. EU regulation allows disputes within 6 months...
Chargeback GuideCommunity OrganizationFund Recovery👍234 👎2
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True Forex Funds: Frequently Asked Questions

Answers based on the 10 evidence items documented in this investigation. Case closed 2024-05-15. This file is kept as a historical record and is no longer monitored.

Is True Forex Funds a scam?

Our PropFiles investigation documents 10 evidence items about True Forex Funds. Current status: Shutdown — Financial Insolvency. Severity score: 92/100 with 8 red flags identified. Key issues include: Financial Insolvency, License Revoked, Selling Until Last Day, No Refunds.

Is True Forex Funds safe to trade with?

True Forex Funds has a severity score of 92/100 based on 10 verified evidence items out of 10 on file. The situation was worsening when the case closed on May 15, 2024. We recommend reviewing all documented evidence before making a decision.

What is the connection between True Forex Funds and TFF?

True Forex Funds is connected to TFF. Our investigation documents the corporate links, shared infrastructure, and overlapping warning signs between these entities.