Economy
True Forex Funds Spreads Discussed By Proprietary Trading Experts
In an industry where market dynamics are as volatile as Forex trading, True Forex Funds has emerged as a firm that prioritizes flexibility and trader satisfaction. This article will delve into the core components that set True Forex Funds apart, focusing mainly on the aspect of spreads – a key element in any trading experience.
Traders Union has guided about the True Forex Funds spreads and aims to provide an exhaustive True Forex Funds spreads review. Let’s delve into why this is vital for traders and how it impacts the overall trading experience.
What is True Forex Funds?
According to TU experts, True Forex Funds operates as a proprietary trading firm, offering funds to its partners for currency market trading. Traders can hold USD, EUR, or GBP balances ranging from $10,000 to $200,000 or equivalent in other currencies. The firm offers a challenge divided into two phases, with 8% and 5% profit targets. Successful completion of the challenge offers traders unrestricted strategies and trading days, with the onus on monitoring daily and overall drawdowns. The profit split heavily favors traders, with an 80/20 split and no monthly fees. With its transparent operations and regular payout updates, True Forex Funds appeals to a broad spectrum of traders.
Pros and cons of True Forex Funds
TU experts highlight the pros and cons of True Forex Funds as follows:
Pros:
- Distinct Plans: True Forex Funds offers five unique plans, providing traders with choices that best suit their investment capabilities. Each plan differs in initial fees, balances, and acceptable drawdown, offering flexibility for every trader’s needs.
- Currency Selection: Traders are provided with the convenience of selecting their preferred account currency. True Forex Funds supports USD, EUR, or GBP, catering to a global trading audience.
- Fee Reimbursement: The firm incentivizes traders by reimbursing the initial fee upon successfully completing the challenge. This reduces the financial risk for traders and encourages them to strive for success.
- Profit Allocation: Traders benefit considerably from the 80/20 profit split. They receive 80% of their net profits, a highly competitive offering that underscores the firm’s trader-centric approach.
- Lower Spreads: Compared to direct broker trading, True Forex Funds offers lower spreads. This aspect significantly impacts profitability, making trading more cost-effective and potentially more profitable.
Cons:
- Limited Trading Instruments: True Forex Funds only supports currency pairs, restricting trading diversity.
- Few Trading Platforms: With only three supported platforms, traders’ choice of trading interface is limited.
- Tech Support Channels: Assistance is available only via website tickets, live chat, or email, potentially limiting instant resolution.
Evaluation of the parameters of True Forex Funds
Upon evaluating True Forex Funds, TU experts rated the following parameters:
- User Satisfaction: 8.09/10
- Regulation and Safety: 8.2/10
- Commissions and Fees: 8/10
- Variety of Instruments: 7.5/10
- Brand Popularity: 7.6/10
- Customer Support work: 7.8/10
- Education: 8.3/10
Trading conditions for True Forex Funds users
Traders can choose their account currency despite initial fees being paid in euros. Leverage varies based on individual trading instruments and external factors. Trading platforms available include MT4, MT5, and cTrader, among others. Replenishments or withdrawals can be made via bank transfer, bank card, or cryptocurrency wallet. Payouts are split 80/20, ensuring transparency.
True Forex Funds commissions & fees
Proprietary trading firms like True Forex Funds do not charge trading fees. They act as intermediaries, providing their capital for trading. The only applicable fee is the initial fee, which is reimbursed upon successful challenge completion. There are no monthly or withdrawal fees, although third-party withdrawal fees may apply.
Additionally, Traders Union has reviewed the Funded Next on its official website.
Conclusion
Traders Union’s exploration of True Forex Funds reveals a trading firm that truly cares about its partners. It stands out in the crowded Forex market with advantageous spreads, a rewarding challenge system, and favorable trading conditions. If you wish to delve deeper into the world of True Forex Funds or seek further guidance, don’t hesitate to visit the Traders Union’s official website. Empower your trading journey with knowledge today.
Economy
Wems BO Plans Personal Finance Retreat to Empower Nigerians
By Adedapo Adesanya
Financial educator and coach, Mrs Wemimo “Wems BO” Bolu-Opaniran, is set to host the maiden edition of the Wems BO Personal Finance Retreat 1.0, a weekend event aimed at helping participants improve their financial literacy and develop practical money management skills.
According to a statement, the retreat is designed to make personal finance engaging and accessible through interactive sessions, games, networking opportunities, and one-on-one coaching sessions.
The organisers said the event will focus on providing attendees with practical and actionable financial knowledge rather than conventional lecture-style teaching.
“Come and unravel financial wisdom and leave with a practical and concrete action plan,” the organisers stated in a statement.
Activities lined up for the retreat include interactive finance sessions, networking opportunities, personal finance workbooks, games and activities, food and souvenirs, as well as three months of exclusive access to the event replay.
Speaking on the rationale for organising the event, Wems BO noted that lack is primarily not always the reason people have bad finances, but often, money culture is.
“The way one sees and treats money has been a development from years and decades past. So, what to do about money is not the solution. It is mindset, defaults and motivations shaping decisions.
The solution is an inner inquiring on why you do what you do, beyond money. Understanding who you are, then beginning to drive decisions that make you grow, manage and scale your finances in a way that aids the life you want,” she told Business Post.
Participants will also have the opportunity to receive one-on-one coaching with the finance guru.
The event is scheduled to be held from Friday, July 17 to Saturday, July 18, 2026, at an in-house venue on Lagos Mainland.
Ticket prices were pegged at N40,000 for individual attendees and N76,000 for duo tickets, with organisers noting that limited slots remain available.
Interested participants can register through the official registration link.
Economy
Unlisted Securities Index Rises 0.91%
By Adedapo Adesanya
A 0.91 per cent growth was recorded by the NASD Over-the-Counter (OTC) Securities Exchange on Friday, May 22, after the share prices of four securities ended in green.
According to data, FrieslandCampina Wamco Plc went up by N15.61 to N179.67 per share from N164.06 per share, Newrest Asl Plc grew by N6.11 to N67.26 per unit from N61.15 per unit, Food Concepts Plc appreciated by 17 Kobo to N2.75 per share from N2.58 per share, and Nitrox Industrial Gases Plc added 6 Kobo to sell at N25.50 per unit compared with the previous day’s N25.44 per unit.
At the close of business, the market capitalisation chalked up N23.22 billion to settle at N2.561 trillion versus Thursday’s N2.538 trillion, and the NASD Unlisted Security Index (NSI) increased by 38.81 points to 4,281.28 points from 4,242.47 points.
During the session, the price of Central Securities and Clearing System (CSCS) Plc was down by N3.13 to N71.07 per share from N74.20 per share.
The activity chart showed that the volume of securities transacted by the market participants decreased yesterday by 81.6 per cent to 590,339 units from the 3.2 million units recorded on Thursday, as the number of deals shrank by 28.6 per cent to 30 deals from the 42 deals recorded a day earlier, while the value of securities increased by 0.5 per cent to N95.3 million from the preceding session’s N94.8 million.
Great Nigeria Insurance (GNI) Plc closed the day as the most active stock by value on a year-to-date basis, with a turnover of 3.4 billion units worth N8.4 billion, followed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units sold for N6.5 billion, and CSCS Plc with 61.2 million units traded for N4.1 billion.
The most active stock by volume on a year-to-date basis was GNI Plc, with the sale of 3.4 billion units for N8.4 billion, followed by Infracredit Plc with 2.3 billion units valued at N6.5 billion, and Resourcery Plc with 1.1 billion units exchanged for N415.7 million.
Economy
Stock Investors Gain N344bn amid Decline in Transactions
By Dipo Olowookere
The Nigerian Exchange witnessed a decline in transactions on Friday despite closing higher by 0.22 per cent on the back of sustained bargain-hunting.
During the last trading session of the week, investors transacted 711.9 million equities valued at N29.1 billion in 62,386 deals compared with the 1.1 billion equities worth N31.0 billion traded in 62,448 deals in the previous day, indicating a decline in the trading volume, value, and number of deals by 35.28 per cent, 6.13 per cent, and 0.10 per cent, respectively.
Fidelity Bank closed the day as the most active stock with the sale of 198.1 million units for N4.6 billion, Access Holdings traded 69.7 million units worth N1.8 billion, Mutual Benefits exchanged 42.7 million units valued at N197.4 million, Japaul transacted 33.9 million units worth N134.4 million, and Zenith Bank sold 24.4 million units valued at N3.2 billion.
Yesterday, the industrial goods index rose by 0.53 per cent, the consumer goods sector jumped 0.28 per cent, the banking industry improved by 0.25 per cent, and the energy counter soared by 0.18 per cent, while the insurance space shed 0.18 per cent.
At the close of business, the All-Share Index (ASI) gained 536.98 points to finish at 249,712.37 points compared with the previous day’s 249,175.39 points, and the market capitalisation grew by N344 billion to N160.077 trillion from N159.733 trillion.
Aluminium Extrusion and DAAR Communications expanded by 10.00 per cent each to sell for N9.90 and N2.09, respectively, RT Briscoe surged by 9.93 per cent to N14.06, Learn Africa increased by 9.79 per cent to N12.90, and Red Star Express advanced by 9.56 per cent to N34.95.
On the flip side, Trans-Nationwide Express depreciated by 9.92 per cent to N5.72, Livestock Feeds dipped by 9.64 per cent to N8.90, The Initiates crashed by 8.65 per cent to N33.80, Ellah Lakes drowned by 8.64 per cent to N10.05, and Neimeth lost 6.36 per cent to trade at N10.30.
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