Frequenlty Asked Questions & Rules
True Proprietary Funds Kft. is a registred company in Hungary. We put all our skills into the company to provide you the best conditions possible. Our team is working hard to became one of the most trusted prop firm in the industry.
No! We are not a broker, we operate only as a proprietary trading firm.
Our Program is focused on traders who don’t have the necessary capital for trading. In addition trading our company’s capital can drastically change your current performance. Once you pass, you never need to risk your own capital. This can change your psychological attitude and help you reach consistent trading.
After you chose one (or more) of our offered account, you need to sign up and pay the fees, once it’s all done we’ll shortly get in touch with you in email, including all the credentials to your trading account. However you can access all of the login informations in your dashbord under “My Account”.
Our maximum capital allocation is $400,000/trader or strategy. Traders can have up to $400,000 in balance before scaling up.
You can complete our Evaluation Program with different account sizes (or same size) run them separately and we can merge them into one master account after you passed Phase 2 or keep them runing separately. It’s all your decision.
Please keep in mind, if you try to use third-party EA, it is possible others use the same strategy and your strategy exceeds our maximum capital allocation.
As we don’t have minimum trading days, you can get funded as fast as you passed both Phases of our Evaluation Program.
After we sent your 80% profit share True Proprietary Funds Kft. is in no case responsible for your tax. You need to deal with your taxes on your own according to your country’s laws and tax regulations.
You can choose between MetaTrader 4 and MetaTrader 5.
cTrader is under development, it will be added soon.
We monitor all of your trades, you can check our Account Analyzer in your dashboard.
We currently offer IC Markets.
14 days after your first trade is placed on your Funded Trader account, you are entitled to your 80% profit split. In this period you need to trade normal at least for 5 days. If you didn’t trade for 5 days, your payout will be your next available bi-weekly date. We will contact traders few days before the payout for information conciliation. Payouts are proccessed same day. If you don’t wish to withdraw your profit in 14 days you can continue trading on your trading account until your next profit split. If you don’t have any profits at the time of the withdrawal, your trading period will automatically extended.
You can request a payout by regular bank transfer, Wise, PayPal or cryptocurrency.
We do not charge any commissions for withdrawals.
We try to keep our Funded Traders motivated. Successful traders are entitled for initial balance increase of 25% every 3 months. Our criterion is 2 months out of 3 needs to be closed in profit. Traders need to profit 8% altogether in 3 months. There is no upside scaling limit in our scaling plan.
We provide you 1:100 leverage.
We set two different loss limits. Max Daily Loss(5%) and Max Overall Loss(10%).
When calculating loss limits, floating losses and profits are included. Max Overall Loss means your equity can’t fall below $90,000 on a $100,000 account.
Max Daily Loss means you can lose $5,000 of your equity in the same day on a $100,000 account. If you made $5,000 in a day, your max daily loss for the remaining day will be increased to $10,000 ($5,000 allowed DD + $5,000 Profit). Max Daily loss will reset 0:00 CET. How we calculate it? We check your equity at 0:00 CET and it should not decline more than 5% of your inital deposit during one day. You can monitor your Today’s Permitted Loss in your client dashboard. It updates real-time.
You don’t have minimum trading days. It doesn’t matter wheter you are in Evaluation Program or you are already our Funded Trader.
However, our maximum trading days in Phase 1 is 30 days after you received your login credentials in Phase 2 it’s 60 days.
Funded Trader accounts don’t have any day restriction.
Traders need to profit 8% in Phase 1 and 4% in Phase 2 without violating loss limits.
All your positions need to be closed in order to advance next phase,
You are allowed to use EAs or bots only IF it is trading according to live conditions. Please read our Terms and Conditions Section 6, and 7,.
Please keep in mind, if you use a third-party EA, you potentially run the risk, that other funded trader use the exact same EA, if total capital of the strategy exceeds $400,000, your Funded Trader account will be cancelled.
You can open or close position during main macroeconomic events. But there is one exception on Funded Trader account, you can’t trade news with stop orders.
Traders are allowed to hold positions over the weekend.
You are not allowed to use robots that take advantage of demo conditions. Tick scalping, arbitrage bots – reverse arbitrage – latency arbitrage – hedge arbitrage, or any emulators are prohibited.
Using external data feed to monitor gaps in the market and fill your position(s) on the price where no price is available is prohibited, this contradicts how trading is performed in the real world of the forex market.
Simultaneously opening positions in opposite directions on different accounts is prohibited.
If you used any of the mentioned strategies above, your account will be cancelled and you are not eligible for a refund.
We ask you to trade according to live conditions.
For further information, please read our Terms and Conditions sections 6, and 7,.
You can get new chances free of charge, if in the end of your trading period, your account balance (including equity) is positive and you didn’t violate our loss limits. This counts on both phases. If the same happens with your second chance account, you will get your new account again, free of charge.
If your accounts balance (including equity) is less than your initial deposit at the end of trading period, you are not entitled for any refund of your paid fees.
After successful passing our Evaluation Program, you’ll get your refund with your first Profit Split.
Profit Split occurs at the end of your trading period if your balance is positive. You’ll see the exact date in your dashboard. After we got your invoice, we’ll send your 80% profit split on the same day invoice is sent.
As long as you don’t violate any of our loss limits, you are eligible to trade on your simulated account connected to our company’s capital.
You are allowed to trade every forex pair, indices, metals, crypto and oil.
Looking for further Information?
If you still have any questions, feel free to contact us.