13 Best TFF Prop Firm Alternatives For Successful Trading
Explore 13 top alternatives to TFF Prop Firm to boost your trading success. Find the best fit for your trading style.
If you’ve ever tried to break into the world of trading, you know that securing enough capital can be a huge hurdle. That’s where funded trading accounts come in. They offer a lifeline to traders with the skill but lack the funds to back it up. The Trading Funded Futures (TFF) Prop Firm is one such company.
They’re among the best in the business, allowing traders to trade with a funded account and keep most of the profits. But what makes TFF one of the best-funded trading accounts out there? In this guide, we’ll explore what makes them stand out from the crowd and how you can get started with them.
TFF’s funded trading program is an excellent way for traders to access large amounts of capital without risking their money.
What Is TFF Prop Firm?
True Forex Funds, or TFF, is a proprietary trading firm based in Hungary. Founded in 2021, it's already established credibility with traders seeking funding. TFF specializes in funding traders who excel in Forex and various CFDs, including various trading instruments such as currencies, indices, metals, commodities, stocks, and cryptocurrencies.
Start into the Instruments Offered by TFF
Regarding Forex, True Forex Funds offers 40 different currency pairs to trade, which is a decent selection for forex traders. If you prefer indices, you’ll find options like the Nasdaq, Dow Jones, Dax, and ten others to consider. Metals traders can work with gold, silver, palladium, and platinum. Commodities include crude oil, Brent oil, and natural gas. Stock traders can access 30 stocks, while crypto enthusiasts can trade the 28 most popular cryptocurrencies.
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Who Is The Owner of True Forex Funds?
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Richard Nagy, founder and CEO of True Forex Funds (TFF), launched the proprietary trading firm in October 2021. With deep roots in the forex industry, Nagy envisioned a platform that genuinely supports traders, focusing on transparency, trust, and advanced technology. Under his leadership, TFF has rapidly grown, achieving over $55 million in payouts to its traders within two years. Dedicated to fostering a supportive trading community, Nagy ensures traders have the resources, capital, and tools needed to thrive. His commitment to innovation in prop trading continues as he expands the firm's offerings.
AquaFunded, a Dubai-based firm, offers traders a unique funded trading program with competitive features and fast payouts. Get started today and take advantage of its easy-to-achieve profit targets!
What Happened To True Forex Funds?
Accurate Forex Funds Calls It Quits
True Forex Funds, once a titan in the proprietary trading world, has shut down for good. Their official statement cited financial insolvency as the main reason for halting all operations. The news hit traders hard. Many relied on the firm’s expertise and capital to navigate the volatile forex market. Actual Forex Funds was more than just a name; it was a cornerstone in prop trading, known for its extensive reach and solid reputation. Now, its closure sends a stark message about the unpredictable nature of the industry.
Traders Left in the Lurch
The sudden shutdown left many traders in shock. Actual Forex Funds had been a trusted prop firm for years, a go-to for traders seeking stability in a risky business. Now, these traders are grappling with uncertainty, wondering what’s next without the safety net the firm provided. The closure is a wake-up call for other firms, highlighting the need for sound financial management and risk mitigation in a world where fortunes can change overnight.
The Ripple Effect on the Trading Community
As True Forex Funds winds down, its absence will have far-reaching implications for the trading community. Many are left questioning the stability of the trading ecosystem, not just for themselves but for the industry as a whole. The closure serves as a sobering reminder of how fragile this world can be, where even the most trusted names can fall.
A Wake-Up Call for the Industry
The closure of True Forex Funds is a cautionary tale. It shows the importance of prudent financial management and risk mitigation strategies. Traders and firms alike must learn from this unfortunate event to avoid similar pitfalls in the future. The firm’s demise underscores the necessity for vigilance in a volatile trading environment.
The High Stakes of Prop Trading
This real-life financial thriller captivates the trading community, highlighting the industry's high stakes and adrenaline-fueled nature. As True Forex Funds bids farewell, its unexpected shutdown adds a layer of intrigue to an already uncertain prop narrative, leaving traders on edge.
13 Best TFF Prop Firm Alternatives For Successful Trading
1. AquaFunded: Your Gateway to High Profit Splits
AquaFunded, based in Dubai, is a funded trading program offering traders access to substantial capital accounts with profit splits up to 95%. Its unique model includes an 8% profit target, bi-weekly payouts, and an option for the first payout in seven days. AquaFunded is ideal for traders at all levels who want to reduce risk by using the firm’s capital.
2. FunderPro: Flexibility and Speed Combined
FunderPro empowers traders by offering flexibility in managing accounts up to $200,000 with profit splits of 80%. You can trade forex, commodities, indices, and cryptocurrencies. The firm boasts daily payout cycles and is among the fastest in the industry.
Pros
- Three unique funding programs.
- There are no maximum trading period or minimum trading day requirements.
- First payout upon making a profit.
Cons
- High profit target requirements.
- Equity-based daily drawdown.
3. Funding Pips: Diverse Evaluation Options
Funding Pips, located in Dubai, offers multiple evaluation options and works with a tier-1 liquidity provider. You can trade on platforms like Match-Trader and cTrader and enjoy a wide variety of trading instruments.
Pros
- Excellent Trustpilot rating.
- Four unique funding programs.
- On-demand payouts with specific evaluations.
Cons
- Equity-based drawdown in evaluations.
- Hedging is prohibited.
4. FTMO: Rigorous but Rewarding
FTMO is a leading prop trading firm known for its rigorous two-step evaluation. Successful traders can manage accounts up to $400,000, and profit splits can reach up to 90% after scaling.
Pros
- Affordable starting fee.
- High profit potential.
- Adjustable risk levels and leverage.
Cons
- Challenging initial requirements.
- It is geared toward experienced traders.
5. Alpha Capital Group: Simple but Effective
Alpha Capital Group, based in London, offers a straightforward two-step evaluation process. Traders can enjoy zero commission fees and leverage up to 1:100.
Pros
- Free trial available.
- There is no maximum trading period.
- Bi-weekly payouts.
Cons
- Minimum trading day requirements.
- Lot size limit once funded.
6. FXIFY: No Time Limits, Just Trade
FXIFY is a new firm offering up to $400,000 in capital with profit splits up to 90%. Enjoy no time limits in evaluations and platforms like MT4 and MT5 for trading.
Pros
- There are no time limits in any evaluation stage.
- Works with reputed liquidity providers.
- No monthly fees.
Cons
- High fees for failed evaluations.
- Slightly low-profit splits.
7. TopTierTrader: Trade with Confidence
TopTier Trader offers a single two-step evaluation, bi-weekly payouts, and a scaling plan. Traders can access various instruments and platforms, such as TradeLocker.
Pros
- Diverse trading instruments.
- Profit share up to 90%.
- I was overnight holding allowed.
Cons
- Low leverage in specific challenges.
- Initial drawdown limitations.
8. Funded Next: Versatile and Rapid
Funded Next provides three funding programs with profit splits up to 85%. The firm offers fast payouts and flexible trading conditions, making it suitable for various trader profiles.
Pros
- Up to 85% profit split.
- High leverage available.
- Fast withdrawal options.
Cons
- Customer support is limited to weekdays.
- Short track record.
9. TakeProfit Trader: Withdraw Profits Instantly
TakeProfit Trader stands out with its immediate withdrawals and high-profit split. The platform also offers flexible account resets for added safety.
Pros
- Immediate profit withdrawals.
- Flexible account resets.
- High-profit split.
Cons
- Monthly fees in addition to the initial cost.
10. Audacity Capital: Tried and True
Audacity Capital is a UK-based firm offering funded accounts up to $480,000 with a 50% profit split. The selection process includes an interview, making it unique.
Pros
- Achievable profit targets.
- Multiple educational resources.
- Easy payouts.
Cons
- There is no room for inexperienced traders.
- I am limited to the MT4 platform.
11. E8 Funding: Tech-Driven and Scalable
E8 Funding offers advanced technology and fast account scaling. Traders can access up to 80% profit split and manage accounts from anywhere.
Pros
- There are no minimum trading days.
- Automated payout system.
- Fast account processing.
Cons
- Higher fees compared to others.
- Customer support can be improved.
12. The Simulated Trading Capital: Flexibility First
This new firm offers a well-designed platform with realistic evaluation parameters. Traders enjoy an 85% profit split and minimal restrictions.
Pros
- 85% profit split.
- Several trading options.
- Flexible parameters.
Cons
- Weak customer service.
- Low Trustpilot rating.
13. ICFunded: Freedom to Succeed
ICFunded stands out with no time limits on evaluations and a profit split of up to 80%. Traders have access to over 150 instruments and flexible strategies.
Pros
- There are no time limits on evaluations.
- Access to over 150 instruments.
- Bi-weekly profit withdrawals.
Cons
- Significant authorities do not regulate them.
- The initial fee is non-refundable.
How To Choose the Best Prop Firm
Navigating Trading Restrictions
When you're sizing up a prop firm, scrutinize the trading restrictions they impose. Some rules seem fair, while others could cramp your style and limit your earning potential. Make sure you pick a firm with rules that align with your trading strategy.
Exploring Product Range and Instruments
Every prop firm has its specialties. Some focus on stock market trading; others are deep into futures or options. The variety can be vast, so do your homework. Choose a firm that offers the specific products and instruments you're interested in.
Comparing Profit Splits and Funding Options
Profit splits and funding options are crucial. Look for a firm that offers fair profit sharing and a funding model that suits your needs. This will help you maximize returns and align with your trading goals.
Understanding Evaluation Processes
Each prop firm evaluates traders differently. Some may take a straightforward approach, while others are more complex. Understand their processes and choose one that fits your comfort level and experience.
Considering Evaluation Duration and Promotion Criteria
Check how long their evaluation process takes and their promotion criteria. If you're looking for a quick path to live trading, shorter evaluations might be appealing. Likewise, ensure their promotion criteria are attainable with your skill set.
Prioritizing Regulation and Safety
Safety first. Prop firms need to play by the rules to protect traders from fraud. Look for firms regulated by recognized bodies like the FCA, CySEC, ASIC, or CFTC. This ensures they’re legit and following the law.
Assessing Prop Firm Reputation
A firm's reputation can reveal a lot. Check ratings on platforms like YouTube and visit forums where traders share experiences. Just be wary of trolls who might badmouth a firm without reason.
Evaluating Support Systems
Good support can be a lifesaver when things go wrong. Ensure the prop firm you choose has a solid support system in place. It should be available 24/7, easy to reach, and quick to respond.
Related Reading
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- How Do Prop Firms Make Money
- Prop Firm Reviews
- What Is a Prop Firm Challenge
- Best Prop Firms for US Traders
- Proprietary Trading Firms for Beginners
- Trading Companies in UAE
- No Minimum Trading Days Prop Firm
- How to Pass Prop Firm Challenge
- Forex Prop Firms
Join Our Funded Trading Program Today - Trade with our Capital and Keep 90% of the Profit.
Looking to trade with big money? AquaFunded, a Dubai-based prop trading firm, offers traders a unique opportunity to access large capital accounts with profit splits up to 95%. Unlike most firms, AquaFunded has an easy-to-achieve 8% profit target and fast bi-weekly payouts, with the option for a first payout in just seven days.
AquaFunded is ideal for traders of all experience levels who want to trade with reduced risk. With its competitive features and UAE-based operations, AquaFunded stands out in the prop trading market and provides a trustworthy platform for traders looking to scale their profits.
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