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True Forex Funds

⚠️ Shutdown — Financial Insolvency
AKA: TFF · Updated: 2024-05-15
92/100
Severity
12
Red Flags
N/A — Shutdown
Avg Payout
2
ToS Changes
9
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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