The last couple of days there were new Forum Members aggressively advertising a prop trading firm called “TrueForexFunds” here on babypips. The posts are easy to recognize because every time there is a screenshot of a “payout certificate” attached.
The posts were deleted very quickly by babypips. Thank you mods! But i thought a permanent thread as a warning would be appropriated.
During my first quick research i found reviews which indicate, that TrueForexFunds is in fact a prop trading firm but a very bad one with very very shady business behaviour. They try to make you violate their rules to shut you down and take your money.
So dont even consider this prop trading company.
Just a few impressions:
“TFF blocked my account with an unfair swap fee. I have screenshots available. After suspending the account, they blocked my access. They didn’t put it in the system history so that their cheating wouldn’t appear. While the NGAS swap price was 1 USD, they reflected 3930 USD for 1 lot transaction. They did not email me to change this. Even though I told them their mistake, they didn’t fix it.”
“They are SCAMMERS, beware. On the 9th of December 2022 (09/12/22) l put 2 instruments on long positions, GBPUSD at 1.22736 and my stop loss at 1.22290. But the SCAMMERS tff platform did not allow the trade to be stopped at the set Stop Loss of 1.22290 but stopped at 1.22049, lost £281.44 Same for Gold at 1800.98 SL at 1799.18 but SCAMMERS tff stopped the trade on loss at 1792.66 at a loss of £680.45. I got in touch with them, no genuine excuse from them and they cannot dispute my fact.”
“This fund is a scam fund that just takes everyone’s exam expenses. I trade without breaking the day loss limit rule. But they charged me to lose more than the specified amount. They are clearly scam, beware of this fund, they give fake data while you don’t lose that much. I have taken the proof.”