Prop Firm True Forex Funds Shuts Down Permanently

The proprietary trading firm True Forex Funds (TFF) has officially announced its shutdown.

The official website of True Forex Funds has now been taken offline and a announcement has been left: "We regret to inform you that True Forex Funds has ceased all operations and will be closing permanently due to financial insolvency."

TFF said that despite its efforts to stabilize and improve the company's financial situation, it is still unable to continue operations. The firm also expressed gratitude for the efforts of its employees, the trust of its clients and the support of its partners.

In February this year, the proprietary trading firm had to suspend its operations due to the termination of its MT4/MT5 license. TFF then managed to seek alternative trading platforms and migrated its business to relaunch operations. Just last month, TFF announced the introduction of Match-Trader, a secondary trading platform for Germany, Austria, Sweden, and Hungary.

However, some users have been annoyed by the TFF's sudden shutdown. A Twitter user demanded a refund from TFF, stating that he had just opened a new account and questioned why TFF was promoting the service on the same day it announced the shutdown.

Looking at the X page of True Forex Fund, the prop firm continued to promote its services and products two days before its closing announcement was published.