News
5 de dezembro de 2025Updated: Jan 1, 2026قراءة True Forex Funds Closed: May 2024 - Historical Reference
[**True Forex Funds**](/reviews/true-forex-funds) is Closed
True Forex Funds (TFF) permanently closed in May 2024 due to financial insolvency. This article is for historical reference only.
What Happened
| Date | Event |
|---|---|
| February 2024 | MetaQuotes terminated MT4/MT5 license |
| February 2024 | Services temporarily frozen |
| March-April 2024 | Failed recovery attempts |
| May 2024 | Permanent closure |
Why It Failed
- MetaQuotes license termination - Lost access to MT4/MT5
- Third-party broker non-compliance - Trading platform issues
- Failed platform migration - cTrader/Match-Trader migration unsuccessful
- Financial insolvency - Unable to recover
Industry Impact
TFF's closure was part of the broader 2024 prop firm crisis when MetaQuotes terminated licenses for multiple firms including SurgeTrader.
What About Pending Funds?
Important
Traders with pending payouts at the time of closure did not receive funds. Account balances and pending withdrawals were lost.
Alternatives
If you were a TFF user, consider these alternatives:
| Firm | Why Similar |
|---|---|
| FTMO | Industry leader, reliable |
| FundedNext | Fast payouts |
| The 5%ers | 8+ year track record |
| E8 Markets | Flexible programs |
Lessons Learned
- Diversify - Don't keep all funded accounts with one firm
- Withdraw regularly - Don't accumulate large balances
- Monitor industry news - Platform issues can signal problems
- Research firm stability - Long track records matter
P
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