If you are a novice investor, we strongly suggest you remember the tip that you must verify a broker's license before making an investment decision. True Forex Funds is an unlicensed broker, and we advise you against trading with the platform, even if it offers services for European residents.
True Forex Funds claims to be owned and operated by TFF International Kft registered in Hungary. While we did find this company's registration information, it is critical to note that mere incorporation data doesn't mean that it is legal to offer financial and investment services. We searched for the company in the Central Bank of Hungary (MNB) registry but found no matching entries. As such, True Forex Funds is operating outside the regulatory framework.
In addition, the US Commodity Futures Trading Commission (CFTC) has added True Forex Funds to its RED List for illegal operations. You can find more information in the press release.
In conclusion, True Forex Funds is an unlicensed broker that comes with signficant risks, such as financial losses and identity theft, which could be financially and personally devastating. Therefore, we strongly suggest investors steer clear of unlicensed brokers like True Forex Funds and instead choose a fully regulated one.
