True Forex Funds Gone Forever! Prop Trading Firm Shuts down. Will you get your money back?

Prop Firm True Forex Funds has permanently shut down. Will you get your money back? Will you be paid out? What this means for the prop firm trading industry and what you can do about it.
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These are my opinions and interpretations. I am in no way a legal professional and none of this is legal advice or opinion
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*Futures, forex and CFD trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the investor’s initial investment. Only risk capital-money that can be lost without jeopardizing one’s financial security or lifestyle-should be used for trading and only those individuals with sufficient risk capital should consider trading. Nothing contained herein is a solicitation or an offer to buy or sell futures, options, or forex. Past performance is not necessarily indicative of future results.
CFTC RULE 4.41
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

[@ArlyneGoodman]

With trading, technical analysis skills alone are not enough; discipline and emotional maturity are also crucial for success. The saying "time in the market vs. timing the market" is a good mindset to have during market fluctuations. Thanks to Linda Wilburn’s insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings. Keep it up!

[@redeyesband]

Trading with an expert is the best strategy for beginners and busy investor s who have little or no time to monitor their trades.

[@user-om1jo1oy4k]

It's bullshit

[@jivg6309]

great comments, as always...TKS Kathy you are a real proffesional

[@BKForex]

You are so welcome

[@MatiasHernandez-ig4mq]

I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with

[@TeresaGonzalez-qf3rc]

I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with

[@EliseGarnier-oq7go]

I’m new at this, how can I reach her?

[@MatiasHernandez-ig4mq]

gram with her username

[@MatiasHernandez-ig4mq]

At nicegram

[@williammclean8903]

CEO "...scarcely a couple of funded traders prove profitable" Also, we ran out of money to pay our profitable traders.

[@BKForex]

Yup - that's basically it

[@dragonflydreamer7658]

THREADS

[@cool70200]

Bingo!

[@xaviermcallister4608]

Of course they won’t have profitable traders with Draconian rules in place - and having anyone and their mama trade from the bedroom. Virtual prop trading can never be compared with the glory bricks and mortars firms of years past

[@jlwthree]

Kathy, I really enjoy your video since you have slowed your speech. Our group wants to send you are thanks and wish you great success as well as looking forward each day to your presentations, thank you, The J3 group

[@BKForex]

That's very kind of you! Where is your trading group based out of?

[@dragonflydreamer7658]

THREADS

[@danforex7288]

A good prop firm is Funding Traders based in Dubai by a 20 year veteran from Wall street. They are also A-Book as well and have traders on the A Book with $1-2 Million dollar accounts.

[@tp199tpsimon9]

Paid comment and no one is A- Booking; its not possible

[@DJFiddle89]

Hello Cathy, are the challenge fees really the only income stream of cfd based prop trading firms? So do their business model only base on the statistical numbers of traders who fail in their challenge? Or does things exist like a book , b book copy trading or maybe prop firms earn some money of the trade commisso Ions through the broker their use?

[@sadiiqkabir5063]

What prop firms do you suggest?

[@JuraAmbani]

That's why the way I choose prop firm isn't only based on popularity but also on sustainability. I'm glad that I made the right decision to go with Audacity Capital. They are supportive in your prop firm journey and never felt alone and also have a proven track record.

[@natethegreat9372]

dang i just bought a challenge last week and passed both evaluations and just seen this message....

[@BKForex]

Call your credit card and dispute the charge

[@natethegreat9372]

I paid through crypto through my debit card is that possible still?

[@chanjiajie7291]

Do prop firm execute live trade or demo trade ? If execute demo trade, how do prop firm make profit in long run?

[@BKForex]

Evals are usually not live. Funded accounts depends

[@zirhamsa]

Katy please teach me fundamental analysis

[@BKForex]

⚡Learn Forex Fundamentals bit.ly/funda_1daysale

[@zirhamsa]

@@BKForex please kathy i can't afford🥺

[@DavidDusseldorf-nc1oy]

@@BKForex I think all prop firms are heading this way. My forex funds was the first one to tumble.

[@linaratamulionyte9263]

They scammed me few years ago. And they been faking payouts with fake accounts

[@pridechigamba1664]

I beg to differ, the main reason they shutdown is bcz of the business model, the one you mentioned first of not executing live markets.There Re profirms that offer real live market executions .FTM will go down two because they use simulated market conditions it's just a matter of time.

[@RashkaRed]

Purchased 10k account on August 2023, was in deep drow down by the end 2023, changed some rules, updating my system on my trading ways risked 0.5% per trade. for four months with strict rules passed phase one, just in last week remained 1.7% to finish phase 2 , now this news comes up of shutting down, like they have to know 99dollars is big deal to others put all my time and energy in this industry for this scammers

[@BKForex]

You need to stay on top of the news. They've had problems brewing for a bit.Some other firms too proptraderedge.com/

[@texaschainsawmass]

Futures prop firm is now where all the liquidy are going after multiple cfd prop shut down

[@BKForex]

Prop firms are also diversifying into futures in anticipation of more regulation for forex. APEX Trader Funding is offering 💰 -80% OFF with ALL new Futures Prop in May. bit.ly/3V0dD59

[@J.T.Muckle]

Forex Capital Funds just closed today leaving several funded traders with pending payouts.

[@BKForex]

Yes reported on t.co/y7QpUDx9EU

[@simplemind7]

Btw Kathy Forex Capital Funds has ceased its operations

[@BKForex]

Thanks for the update. Yes another bites the bullet

[@marksjourney331]

ICT was right…

[@BKForex]

Another one bites the dust --- Forex Capital Funds 💀suspends operations Not a good week for prop firms proptraderedge.beehiiv.com/p/forex-capital-funds-pauses-operations

[@familiesturm]

I lost 12k now. Added to the 42k from mff i am desperate sad and mad

[@BKForex]

Sorry to hear that! Stick with some of the better names I mention in the video

[@jaymanben]

do not trust any prop firm yall wont listen,deposit that challenge fees with a broker,select a high leverage and trade yourself and compoud on your profits,in no time youll be doing bigger returns than you would have done eith prop firms

[@SolaksTrader]

​@BKForex I guess FTMO is still waxing strong

[@TimUltra1]

Can't trade with Apex. Nigeria is not allowed.

[@rockefeller13]

Nobody dey trust 9ja

[@SolaksTrader]

I wonder o. And I love them when I read everything about them. The subscription is a proof they are real, you could call them. You could get 20 accounts. Just open office as trading hall and employ people to execute your trade together with you. Pro traders cld do this though. What did we do in Africa 😢. I am moving to USA, walai

[@justinus]

many prop firms shut down, because traders are smarter nowadays LOL

[@BKForex]

Industry also maturing and traders avoiding firms with issues. Stay on top of the news

[@wensumdrive5213]

Losses 2k $ Very sad

[@BKForex]

Is this payout pending or challenge fees? If its challenge fees, try credit card chargeback

[@mateuszgorski1809]

@@BKForex how to do it? i have purchased two challange can i get my money back somehow?

[@andywu8558]

They owe me $740 😭😭😭

[@rockefeller13]

Your better off going to offshore broker

[@danforex7288]

ha ha, and get scammed to the moon!

[@rockefeller13]

@@danforex7288 lmao so these prop firms not scamming people too huh

[@zedbaby72]

I am totally against trading with prop firms. If you make money, you are a bad customer. If you lose money, they want you

[@samricher]

There is no real prop firms out there. They are all paper trading companies and their business model is just like insurance companies. Think again

[@zedbaby72]

@samricher if prop firms were not making money, they would not pop all over, so please save me the bull

[@samricher]

@@zedbaby72 did you really read my comment? Paper trading companies are extremely profitable just like insurance companies. But they need failed traders to stay profitable. Otherwise couple of big payouts and they’ll go bankrupt. That’s why there are so many rules. Not for the trader but to avoid losing they own money

[@MegaMalik90]

scammer screams scammer!

[@rocketbunny0989]

Grandma so happy with this shutdown

[@BKForex]

My kids are far from grown. LOOOOONG way from here before they get out of the house! Let alone grand babies! Do you want to babysit?

[@air_trader_28]

APEX next

[@blue78174]

Nope Apex is Futures, safe for the moment.. Only Forex Prop Firms are shutting down.. All Forex traders moving to Futures flooding the market, still thinking in Pips.. and not understanding the difference.. Watching whole accounts get eaten by the sharks..

[@saveyourunitlink5634]

To make Prop Firm Industry survive, they should make tighter rules.

[@BKForex]

Tighter rules means more breaches = more prop firm profits!

[@andywu8558]

Nobody likes this anyways. Good way to lose business.

[@DavidDusseldorf-nc1oy]

@@BKForex they use software glitches to profit from clients. I think the funded trader CEO accepted this on a YT interview. I have seen so many deceptions like order has gone to server to open up a trade or close a trade. Several minutes later nothing suddenly you try to take another order and both orders appear

[@AindriuMacGiollaEoin]

Typical A B broker

[@simplemind7]

Lol another bucket shop prop

[@BKForex]

One of the OG bucket shop props?

[@danforex7288]

I used them for a year and never had ANY problems with them paying out or doing shady business. They were one of the good ones.

[@dragonflydreamer7658]

THREADS

[@jorgeguimaraes2736]

​@@danforex7288 no way, their spreads are just the shittiest, way worse than the best prop firm FTMO. That is why i will never go to these shitty prop firms.