Closed
True Forex Funds is closed (since 6 Feb 2024)
FX News Group reported on 6 Feb 2024 that the firm had stopped operating after MetaQuotes terminated its MT4/MT5 licences. The firm's own website now says it 'has ceased all operations and will be closing permanently due to financial insolvency'.
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Is True Forex Funds shut down?
FX News Group reported on 6 Feb 2024 that the firm had stopped operating after MetaQuotes terminated its MT4/MT5 licences. The firm's own website now says it 'has ceased all operations and will be closing permanently due to financial insolvency'.
What happened to True Forex Funds
On 6 Feb 2024, FNG reported that the Hungary-based firm had stopped operating, 'at least temporarily', after MetaQuotes terminated its trading-platform licences. According to FNG, the firm had been on the CFTC's RED (Registration Deficient) List since June 2023. FNG says the firm 'made several attempts at restarting its operations', but on 14 May 2024 it posted an 'Official Closure' notice citing financial insolvency. That notice is still on the website.
Website today: The domain shows only the 'Official Closure of True Forex Funds' notice (financial insolvency).
If you had an account with True Forex Funds
We found no public claims or refund process for this firm.
General steps: keep your order receipts, account IDs and emails; if you paid by card, ask your card issuer about a chargeback (time limits apply); report losses to your local regulator or consumer agency. PropAnalyse cannot recover funds.
Active cfd prop firms instead
Ranked by PA Score among active firms of the same account type. Firms with a caution are left out.
FAQ
Is True Forex Funds shut down?
Yes. FX News Group reported on 6 Feb 2024 that the firm had stopped operating after MetaQuotes terminated its MT4/MT5 licences. The firm's own website now says it 'has ceased all operations and will be closing permanently due to financial insolvency'. We list it as closed since 6 Feb 2024; status checked 31 Oct 2026.
When did True Forex Funds close?
6 Feb 2024. FX News Group reported on 6 Feb 2024 that the firm had stopped operating after MetaQuotes terminated its MT4/MT5 licences. The firm's own website now says it 'has ceased all operations and will be closing permanently due to financial insolvency'.
What does the True Forex Funds website show now?
The domain shows only the 'Official Closure of True Forex Funds' notice (financial insolvency).
Can I still get my money back from True Forex Funds?
We found no public claims or refund process. PropAnalyse cannot recover funds.
What are alternatives to True Forex Funds?
Active firms of the same account type, ranked by PA Score: The5ers, City Traders Imperium, FTMO, FundingPips. Check each firm's own rules before you buy.
Sources
What each source said, as read on 31 Oct 2026. We report these sources; we do not make findings of our own.
- Official Closure of True Forex FundsTrue Forex Funds (firm)
True Forex Funds has ceased all operations and will be closing permanently due to financial insolvency.
- Prop firm True Forex Funds foldsFX News Group (fxnewsgroup.com) · 14 May 2024
the company has now informed its clients and the public that it is shutting down, for good.
- Exclusive: Prop trading firm True Forex Funds shut down by MetaQuotes moveFX News Group (fxnewsgroup.com) · 6 Feb 2024
Hungary based online prop trading firm True Forex Funds has ceased operating, at least temporarily, after MT4 / MT5 operator MetaQuotes terminated its trading platform licenses.