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True Forex Funds (trueforexfunds.com) is without a doubt a %100 fraudulent brokerage firm. It is NOT a real broker! Stay away! True Forex Funds scam works by getting you to believe you can become rich by trading with them.
True Forex Funds Review
To be able to engage in online trading, you need to be able to trust a broker because you will open an account with them, share a great deal of personal information and deposit your funds as well. This is a huge responsibility that you cannot just give to anyone. After all, there are already countless stories of people losing their hard-earned money to scammers disguised as brokerages. You do not want to experience that first hand, but avoiding it is easier said than done. The following True Forex Funds review indicates that the fraudsters are good at concocting a convincing story, which means that anyone can fall in their trap.

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Of course, no one wants to, but they do not even realize it is happening until it is too late. This is the kind of situation you want to avoid and it means find a brokerage that is actually worth trusting. It is unlikely to happen without some effort because most of the scam ones seem to be just as good as the legitimate ones. Distinguishing them takes some time and attention to detail. Most brokerages you come across are touting their services and making big promises about your trading journey.
It is incredibly easy to get caught up in it all, but you should not let that sway you. To be able to trust a brokerage, you have to check some of its most essential features because it can save you from getting defrauded. Don’t you want that? The same approach can pay off big time in the case of True Forex Funds that you will find in your search for a trustworthy online brokerage. At first glance, it seems to be the best choice, as the UK-based brokerage is offering a horde of trading instruments.

You will also find the True Forex Funds promising the MT5 trading platform and good trading conditions, which is precisely what every trader thinks about at this point. But, you cannot just take their word for it and should always check the claim any broker makes, including True Forex Funds. Let’s get started:
Licensing and regulation
The first place to start looking into an online brokerage is their licensing and regulation. Companies that have a license can offer you protections that you cannot expect otherwise and they are also compliant with laws and rules that ensure quality in the long run. These brokers have their activities monitored by a regulatory body, which means you can turn to them in case of a dispute and they will be held accountable. It gives you peace of mind during trading because you know that you are dealing with a genuine company.
The problem with True Forex Funds is that when you go through its website, it has conveniently skipped the mention of a license or regulation. There is absolutely no hint of its status in this regard, which is certainly a problem. The only detail they have given for you to go on is that they are based in the United Kingdom. To be able to operate in the UK, a brokerage needs to have a license from the Financial Conduct Authority (FCA).
The FCA is recognized as one of the leading regulatory bodies in the world, so its license is quite valuable. But, when you check its online register for True Forex Funds, you will not find it. This means one of two things. First, the broker is not based in the UK and is outright lying about it. Second, it is based in the UK and is operating illegally. Does either of these scenario imply that True Forex Funds is a brokerage you can trust? They certainly don’t, which means you need to avoid it.
Trading platform
An important offering of a broker that plays a vital role in your trading journey is the trading platform they offer. It is the software used for trade execution, which means it makes a world of difference in your overall experience. You have to be able to access the markets easily, execute your transactions seamlessly, keep up with the markets in real-time and also be able to use advanced tools and functionalities for making good decisions.
You are promised the MT5 trading platform at True Forex Funds and you will find quickly enough that it is the top trading solution in the market nowadays. In fact, it is considered the industry standard, given its powerful technology and sophisticated tools and features. You will be excited to use it, but it turns out that this is just another lie that True Forex Funds is telling. Instead of the MT5 promised, they have a primitive web trading platform available.
Most web trading platforms out there offer limited functionalities, but the one at True Forex Funds is even more lacking. It is oversimplified and does not have much to offer in the way of tools and features, which can result in a poor trading experience. The fact that True Forex Funds is lying about its trading platform is yet another indication of its lack of trustworthiness.
Trading conditions
As the trading conditions that are offered by a broker factor directly into your profits, you should always take a look at them to know if they are what you expect them to be. You do not want the costs to be too high, or not be able to enjoy flexibility during trading. When you are going through True Forex Funds’s offerings, you will also come across the one about good trading conditions, but this is certainly not true.
Why? This is because the spreads that True Forex Funds is offering begin at 2 pips and these cannot be considered beneficial. The most competitive brokers have spreads starting at 0.3 pips. Where leverage is concerned, the ratios at True Forex Funds go as high as 1:500 and this is yet another concern. Such high leverage ratios cannot be offered in the UK, as the FCA has limited them to 1:30. Moreover, they are considered downright dangerous because they can increase your losses, as much as they can increase your profits.
Final Answer
None of these offerings show that True Forex Funds is a broker that deserves your trust because it is doing its level best to take advantage of you.