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True Forex Funds Announces Plans to Relaunch Next Week

True Forex Funds, a Hungary-based online proprietary
trading firm, recently ceased operations following MetaQuotes’ termination of
its MT4/MT5 licenses. Despite this setback, the company has announced plans to
restart its operations next week.

In response to the alleged termination of the
license, True Forex Funds swiftly announced its intention to resume operations.
Richard Nagy, CEO of True Forex Funds, expressed frustration over the lack of
warning and the challenge of scrutinizing third-party provider source codes.

Source: Discord

Despite the setback, True Forex Funds is actively
seeking license reinstatement with MetaQuotes. However, Nagy acknowledges the
possibility of migrating trading accounts to a different broker if negotiations
fail. The firm has advised traders to prepare for potential market closure due
to symbol discrepancies in case of migration.

Preparing for Reopening

In an email sent to Finance Magnates, a
representative from True Forex Funds mentioned: “It is with great
enthusiasm that we announce that we will reopen in less than two weeks,
promising an experience that will exceed your expectations.”

“Our team is working tirelessly to improve our
services, ensuring a seamless and excellent experience. While we look forward
to launching our cTrader platform, we are committed to synchronizing all
accounts, including MetaTrader, to ensure flawless processes and trading
conditions.”

True Forex Funds, a Hungary-based online proprietary
trading firm, recently ceased operations following MetaQuotes’ termination of
its MT4/MT5 licenses. Despite this setback, the company has announced plans to
restart its operations next week.

In response to the alleged termination of the
license, True Forex Funds swiftly announced its intention to resume operations.
Richard Nagy, CEO of True Forex Funds, expressed frustration over the lack of
warning and the challenge of scrutinizing third-party provider source codes.

Source: Discord

Despite the setback, True Forex Funds is actively
seeking license reinstatement with MetaQuotes. However, Nagy acknowledges the
possibility of migrating trading accounts to a different broker if negotiations
fail. The firm has advised traders to prepare for potential market closure due
to symbol discrepancies in case of migration.

Preparing for Reopening

In an email sent to Finance Magnates, a
representative from True Forex Funds mentioned: “It is with great
enthusiasm that we announce that we will reopen in less than two weeks,
promising an experience that will exceed your expectations.”

“Our team is working tirelessly to improve our
services, ensuring a seamless and excellent experience. While we look forward
to launching our cTrader platform, we are committed to synchronizing all
accounts, including MetaTrader, to ensure flawless processes and trading
conditions.”

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