Brief Look at True Forex Funds
True Forex Funds, founded in 2021, initially showed promise as a Forex broker offering competitive spreads and high leverage.
However, by mid-2023, numerous negative reviews began to surface. Clients reported issues with withdrawals and the absence of proper licenses. Complaints about manipulations, including artificial slippage and unauthorized trades leading to substantial losses, appeared on various trading forums and social media platforms.
By the end of 2023, multiple governments launched investigations, uncovering fraudulent activities and the misappropriation of client funds. In response, True Forex Funds suspended its operations and announced its closure, citing financial insolvency. According to a statement on its official website, the broker was unable to improve its financial situation, ultimately resulting in its suspension.
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