FNG Exclusive… FNG has learned that Hungary based online prop trading firm True Forex Funds has ceased operating, at least temporarily, after MT4 / MT5 operator MetaQuotes terminated its trading platform licenses.
True Forex Funds becomes the second known name in the prop sector among FX and CFD traders to have its operations halted in the past few months, after US and Canadian regulators shut down Canada’s My Forex Funds last September.
True Forex Funds has been on the US CFTC’s RED List since last June, for soliciting and/or accepting funds from U.S. customers. The CFTC’s RED (Registration Deficient) List contains names of foreign (i.e. non-US) entities that appear to be acting in a capacity that…
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