the forex funder

Details About the forex funder

Company Number: 38123
Country of Registeration: AEAE
Support Mail: [email protected]
Phone: Not available
Payment Modes: Crypto, Credit/Debit Card, Wire transfer/ Bank Transfer
Withdrawal Methods: Wire Transfer/ Bank Transfer, Wise, Crypto
Banned Countries:

Challenge Details at the forex funder

Types of Challenges: One Phase Challenge, Two Phase Challenge
Trading Platforms: Metatrader
Trading Instruments: Forex, Crypto, Indices, Metals, Stocks
Broker: MatchTrader
Max Allocation: $1,000,000
Scaling: $Not available
Trading Competitions: Organizes Trading Competitions
Free Trials: Offers free Trials
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About the forex funder

The Forex Funder (TFF) is a premier prop trading firm offering aspiring forex traders the opportunity to trade with substantial virtual capital and earn up to 95% of the profits. With a remarkable track record, TFF has paid out over $10 million to its traders and maintains an average payout time of just two days, showcasing its commitment to efficiency and trader satisfaction. With more than 5,000 funded traders and over 5.7 million trades opened monthly, TFF is a thriving community for forex enthusiasts worldwide.

One of the standout features of TFF is the variety of evaluation processes available to suit different trading styles and experience levels. Traders can choose from a 1-Step, 2-Step, or Rapid Evaluation process. The 1-Step Evaluation allows traders to demonstrate their skills in a single phase, with clear profit goals. Achieving these goals enables traders to start trading on a TFF account, earning 95% of the profits. The 2-Step Evaluation involves a two-phase process where traders must meet set profit targets to qualify for a TFF account, again securing 95% of the profits. The Rapid Evaluation, similar to the 2-Step, focuses on consistent profit goals and rules over two phases, ensuring traders prove their skills comprehensively.

TFF’s global reach is extensive, with services available in 195 countries. This accessibility is complemented by a profit split model that is highly favorable to traders, allowing them to retain 95% of their earnings. The firm’s equity-based drawdown approach provides an added layer of security, as the maximum daily drawdown is calculated based on equity rather than balance, offering a more realistic reflection of ongoing trades.

The onboarding process at TFF is notably swift, enabling traders to sign up and start trading almost immediately, eliminating long waiting periods. This efficiency is further supported by the absence of time limits during the challenge phase, allowing traders to progress at their own pace without the pressure of deadlines. Additionally, TFF offers some of the rawest spreads and lowest commissions in the industry, enhancing profitability for traders.

Support is a crucial aspect of TFF’s service, with 24/7 availability through a live chat feature. This ensures that traders can receive immediate assistance whenever needed. TFF also accommodates various trading styles and preferences, including news trading and hedging. Macroeconomic news trading is permitted, although there are specific rules regarding high-impact news events to prevent market manipulation. The use of Expert Advisors (EAs) is allowed for risk management purposes, such as setting stop losses and managing trade sizes, but not for executing trades. This policy ensures that all trading decisions are made manually, preserving the integrity of the trading process.

Traders can choose from a wide range of instruments, including Forex, indices, cryptocurrencies, metals, and stocks, providing ample opportunities to diversify their trading portfolios. The flexibility in trading strategies is another highlight, with TFF imposing minimal restrictions. However, certain strategies like High-Frequency Trading (HFT) are prohibited to maintain fair trading practices.

TFF offers a variety of challenges with different account sizes, ranging from $10,000 to $1 million. Each challenge has specific profit targets, maximum loss limits, and trading leverages, designed to cater to traders with varying risk appetites and skill levels. The refundable fee structure for challenges further adds to the attractiveness, ensuring that traders can embark on their trading journey with confidence and minimal financial risk.