Overview of TheForexFunder Prop Firm

In the world of Forex trading, one name that has been making waves is TheForexFunder, also known as TFF Group LTD. This article provides an in-depth overview of TheForexFunder, including its company details, evaluation processes, trading rules, and much more. So, whether you're an experienced trader looking for opportunities or a newcomer interested in Forex funding, read on to learn all about TheForexFunder.

Company Details

Name: TheForexFunder

Legal Name: TFF Group LTD

CEO: UNDISCLOSED

Founded: May 29th, 2023

Registered Address: 86-90 Paul Street, London, England, EC2A 4NE

TheForexFunder, operating as TFF Group LTD, has been on the Forex scene since May 29th, 2023. Headquartered in London, England, the company has become synonymous with Forex funding opportunities, offering aspiring traders a chance to prove their skills and earn bonuses and profit-sharing.

Challenge Details

TheForexFunder offers two types of evaluation processes, Step 1 evaluation, and Step 2 evaluation. Let's take a closer look at both:

Step 1 Evaluation Details

TFF CHALLENGE

• Trading Period: Unlimited
• Minimum Trading Days: 0 days
• Maximum Daily Loss: 4%
• Maximum Overall Loss: 8%
• Profit Target: 10%
• Profit Split: 95/5

TFF TRADER

• Trading Period: Indefinite
• Minimum Trading Days: N/A
• Maximum Daily Loss: 4%
• Maximum Overall Loss: 8%
• Profit Target: NA
• Profit Split: 95/5

Account Sizes

• $10,000
• $25,000
• $50,000
• $100,000
• $200,000
• $400,000

Step 2 Evaluation Details

TFF CHALLENGE

• Trading Period: Unlimited
• Minimum Trading Days: 0 days
• Maximum Daily Loss: 5%
• Maximum Overall Loss: 12%
• Profit Target: 8%

VERIFICATION

• Trading Period: Unlimited
• Minimum Trading Days: 0 days
• Maximum Daily Loss: 5%
• Maximum Overall Loss: 12%
• Profit Target: 5%

TFF TRADER

• Trading Period: Indefinite
• Minimum Trading Days: N/A
• Maximum Daily Loss: N/A
• Profit Target: N/A
• Profit Split: 95/5

Account Sizes

• $10,000
• $25,000
• $50,000
• $100,000
• $200,000
• $300,000
• $400,000
• $500,000
• $1,000,000

Other Details

TheForexFunder provides various options and features to help traders succeed:

• Earn Money as a Seasoned Trader: The company offers different funding options for traders to start earning bonuses and profit-sharing.
• MetaTrader Support: TheForexFunder supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), popular platforms in the Forex trading world.
• High Profit Split: Traders get to keep 95% of their profits on a TFF Funded Account.
• Web & Mobile: TheTrader Dashboard is a dedicated panel where traders can access information about their Challenge Status and more.
• 1-Step and 2-Step Evaluation: Traders can choose between a 1-step or 2-step evaluation plan, depending on their preference and goals.
• Around the World: TheForexFunder welcomes traders from around the world, provided they meet certain requirements, including age and documentation.
• Trading Rules: The company emphasizes simplicity in its trading rules, with comprehensive terms and FAQs for traders to reference.
• 24/7 Support: Live chat agents are available 24/7 to assist traders, ensuring prompt help for any issues.

Evaluation Process

The journey to becoming a TFF Trader begins with the TFF Challenge, where traders must demonstrate their trading skills and self-control. Success here is crucial to advancing to the Verification level.

In the Verification stage, traders are given the opportunity to trade for TheForexFunder's proprietary trading firm. Once successfully completed and verified, traders become official TFF Traders and can scale their accounts based on the company's scaling plan.

Partnering with ThinkMarkets

TheForexFunder has partnered with ThinkMarkets to provide its services. This partnership enhances the company's offerings and adds credibility to its operations.

TFF Free Trial

During the TFF Free Trial, there is no profit split involved. This phase focuses on idea development and proposal submission, making it ideal for traders looking to explore without financial commitments. Profit-sharing comes into play when traders purchase a TFF Challenge package and secure the TFF Trader phase.

Trading Guidelines

While traders are encouraged to use Expert Advisors (EAs) and Indicators, they must customize their settings to align with their unique trading strategies. TheForexFunder also outlines specific trading actions that are not allowed to prevent market abuse.

Example Strategies That Violate Terms of Service:

High-Frequency Trading

High-Frequency Trading (HFT) involves rapid algorithmic trading, which can be risky and negatively impact the market.

Utilizing Expert Advisors or Indicators

While using EAs or Indicators is allowed, traders must ensure their settings make their trades distinct.

Replicating Trades from Others

Copying trades is permitted but only from accounts under the same individual's ownership.

Macroeconomic Trading

Trading the news is allowed, but traders must be cautious around high-impact news events.

Country Restrictions

TheForexFunder welcomes traders from all countries, provided they meet specific requirements, such as age and documentation.

Drawdown Limits

TheForexFunder emphasizes risk management through drawdown limits. In the two-step evaluation, the maximum daily drawdown is set at 5%, while the maximum total drawdown is capped at 12%. In the one-step evaluation, these limits are slightly stricter, at 4% and 8%, respectively.

Violations

Breaking any of the trading regulations can result in the termination of a trader's account, preventing them from continuing in the program.

Weekend Trading and Scalping

TheForexFunder allows traders to hold trades overnight and over the weekend. Scalp trading is also permitted, with no lot size limit on scalp positions, provided traders practice proper risk management.

Supported Platforms

TheForexFunder offers two trading platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), giving traders the flexibility to choose the one that suits their trading style.

In conclusion, TheForexFunder, also known as TFF Group LTD, provides a promising opportunity for Forex traders to prove their skills and earn bonuses and profit-sharing. With its flexible evaluation processes, supportive features, and emphasis on risk management, it's a platform worth considering for both experienced and aspiring traders.

Start your Forex funding journey today with TheForexFunder!