Global Forex Funds
The NO_ENTITY charge comes off — not because the firm answered it, but because we never opened the page that would: an "Imprint" link sits in the footer of every page it serves, and no copy of it exists on disk. What is provable is narrower and still serious: the contract carries no figure of any kind, routing the price, the pass criteria and the payout criteria to a "Schedule of Assessment Programs & Fees" it does not publish, and clause 3.4 makes that invisible document prevail over the terms you can read.
The contract names its counterparty twice in 45,000 characters and both times as GlobalForexFunds, with no company form, no registration number and no address, while clause 21.1 has each party warrant that "it validly exists under the laws of its place of incorporation" without ever naming that place, and clause 22 requires notices to be delivered "to the registered address of the Company", the only occurrence of that phrase in the document. Passing guarantees nothing: "There is no guarantee that you will be offered such a role, irrespective of whether you satisfy the relevant Assessment Criteria." The homepage badge reading Zero Payout Denial shares a site with a rule that voids profits at a manual review triggered by the payout request itself. Trustpilot still withholds the rating over fabricated reviews, so FAKE_REVIEWS stays.
Not enough published data to simulate this firm’s floor.
Crossed one of the seven hard bars. Open the row and it names which one, with the mechanism spelled out. This is not a low grade — no quantity of virtue elsewhere buys it off, which is why it carries no rank at all.
Disqualified for
Trustpilot: fabricated-reviews warning
Trustpilot withholds the rating and serves a fabricated-reviews warning — a third party concluding the firm faked its own reviews. A low score is not this; every prop firm has angry traders. This is separate from having no legal entity: a firm can publish its registration number and still be caught doing it.
What they published
“Unless expressly stated otherwise, the provisions of the Schedule of Assessment Programs & Fees prevail in the event of any discrepancy between them and these Terms.”“These Terms and Conditions ( Terms ) are agreed between you and GlobalForexFunds (the Company ) and sets out the terms and conditions that apply to your Account and your use of the Services (including under an Assessment Program or as a Funded Trader or ancillary services associated with either or both).”“1% of account balance per trade. Exceeding this will result in profits being voided upon payout review. This is manually reviewed when a payout is requested.”Plan by plan
4 of this firm’s challenges were read plan by plan, with a citation behind every answer. See them side by side →
The only anchor the firm publishes is an equity high-water mark — "Max drawdown is always calculated from your highest equity point (high water mark), not from the starting balance" — and the same entry names no point at which it stops rising. The percentage, the target, the price and the minimum days sit in per-plan tabs that never rendered for us, and neither did the panel labelled Funded Phase Rules, so nothing here describes the funded stage.
Nothing in the readable text tells it apart from the Standard Challenge: not a price, not a target, not a drawdown figure. Same equity high-water anchor, same unpublished stopping point, same unrendered per-plan tab. It is listed on its own because the firm sells it on its own.
No examination at all — "Skip the challenge and trade funded from day one." Which puts the whole product inside the one stage the firm publishes least about: the panel labelled Funded Phase Rules never rendered, so the only floor rule that reaches it is the general equity high-water mark with no stated stopping point.
The one product carved out of a general rule, inside the sentence that sets it for everyone else: "20.00 lots per position on all challenge types except HFT (unlimited)." Everything else matches the other three, including an equity high-water anchor with no published stopping point.
Trustpilot
score withheld by Trustpilot — this is the figure it computes but will not show
Trustpilot removed reviews it found to be fake and withheld the rating. This is not a low score — it is a third party concluding the firm wrote its own praise.
What this firm published
Everything below is quoted from a page we opened, on the date shown. The quotes are in the firm’s own language, exactly as published — never edited, never shortened, never swapped for a translation. On the Spanish edition our own rendering appears underneath each one, unquoted and marked as ours: the quotation marks on this site mean the words are the firm’s, and nothing we wrote ever wears them. Where we have not read enough to put a number on an axis, we say so instead of guessing.
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Can you even pass?
Almost nobody who pays for an evaluation ever reaches a funded account, so this is the part of the product most customers actually buy. Every firm advertises its profit target; none of them advertises that target next to how much you are allowed to lose while chasing it.
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Can you keep the money?
The drawdown takes the account away; the payout rules take the money. Answered by whichever of the two we can measure and is worse — they are two ways of losing the same thing, so a good half cannot pay for a bad one.
2/5
Is anyone behind it?
A named company, a market, and rules you could read before paying. These three do not substitute for one another — a company you can sue does not stop existing because the account is a simulation — so this is the average of the ones we could measure, not the worst.
How hard the test is
we did not read enough to sayNot the profit target on the sales page — that target measured against the room you are given to reach it.
Days you have to finishThey state there is none.3/3
“No time limit on challenges”A deadline turns a test of skill into a test of whether the market happened to move during your month.
A second attempt costsyou pay full price again0/2
“You will not be entitled to restart Assessment Period once it starts.”A free second attempt turns one bad week into a delay instead of another invoice.
Below 60% read we publish no number at all, because a grade computed from two facts out of six is not a lenient grade — it is a different measurement wearing the same label.
How much you must win to survive · Profit target · Trading days you must put in
Maximum loss
we did not read enough to sayThe loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit rises tick by tick, while you trade0.75/3
“Max drawdown is always calculated from your highest equity point (high water mark), not from the starting balance.”A limit that climbs takes back the cushion you already earned.
Where the limit stops risingThey do not say.0/3
we read the page that should answer this and it does not
The difference between a danger with an end date and one that never ends.
Below 60% read we publish no number at all, because a grade computed from two facts out of six is not a lenient grade — it is a different measurement wearing the same label.
What the limit is measured against · What taking a payout does to the limit · Total loss allowed · Daily limit
Withdrawing
we did not read enough to sayHow much can leave the account, how soon, how often — and whether they can say no.
Can it refuse without giving a reasonyes — it reserves that right in writing0/3
“If the Company determines you have contravened this clause 12 then the Company may immediately and without notice to you terminate or suspend your Account and/or use of the Services and you will forfeit any fees or payments you are entitled to under these Terms.”“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Below 60% read we publish no number at all, because a grade computed from two facts out of six is not a lenient grade — it is a different measurement wearing the same label.
Days before you can ask for money · Most one withdrawal can pay you · Does that cap rise with the account · Withdrawals before the account ends · What else a payout changes · What breaking the consistency rule costs · Profit required before the first request · Fee charged to pay you
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Minimum time a trade must be heldThey do not say.3 minutes—
we read the page that should answer this and it does not
“On funded accounts, trades must be held for a minimum of 3 minutes. Trades closed before this time will not count towards profit.”No score here, on purpose. The six axes above ask whether the firm can take your money or refuse to pay it. These rules ask something else — whether you can trade your way — and the right weight depends on who is reading: a minimum holding time decides the account for a scalper and is invisible to anyone else, while the weekend rule is the reverse. A single number would be wrong for half of you, and would look decided. The firm’s own sentences are here; the judgement is yours.
How it grows
What makes the account get bigger, how big it can get, and whether the path ends at a real market or at a larger simulation.
Where the path endsat a larger simulation—
“All accounts offered by Global Forex Funds are demo accounts running in a simulated environment with virtual funds only.”One of these questions is scored and it is not here. “Does the cap rise with the account” sits on the cash axis, next to the cap itself, because it has a right answer: a bigger account that pays the same cheque has handed you a larger number and the same money. The three below are different. A two-million ceiling is the whole point of the product for one reader and irrelevant to someone who wants one clean payout, so the firm’s sentences are here and the weight is yours.
How hard the test is
we did not read enough to sayNot the profit target on the sales page — that target measured against the room you are given to reach it.
Days you have to finishThey state there is none.3/3
“No time limit on challenges”A deadline turns a test of skill into a test of whether the market happened to move during your month.
A second attempt costsyou pay full price again0/2
“You will not be entitled to restart Assessment Period once it starts.”A free second attempt turns one bad week into a delay instead of another invoice.
Below 60% read we publish no number at all, because a grade computed from two facts out of six is not a lenient grade — it is a different measurement wearing the same label.
How much you must win to survive · Profit target · Trading days you must put in
Maximum loss
we did not read enough to sayThe loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit rises tick by tick, while you trade0.75/3
“Max drawdown is always calculated from your highest equity point (high water mark), not from the starting balance.”A limit that climbs takes back the cushion you already earned.
Where the limit stops risingThey do not say.0/3
we read the page that should answer this and it does not
The difference between a danger with an end date and one that never ends.
Below 60% read we publish no number at all, because a grade computed from two facts out of six is not a lenient grade — it is a different measurement wearing the same label.
What the limit is measured against · What taking a payout does to the limit · Total loss allowed · Daily limit
Withdrawing
we did not read enough to sayHow much can leave the account, how soon, how often — and whether they can say no.
Can it refuse without giving a reasonyes — it reserves that right in writing0/3
“If the Company determines you have contravened this clause 12 then the Company may immediately and without notice to you terminate or suspend your Account and/or use of the Services and you will forfeit any fees or payments you are entitled to under these Terms.”“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Below 60% read we publish no number at all, because a grade computed from two facts out of six is not a lenient grade — it is a different measurement wearing the same label.
Days before you can ask for money · Most one withdrawal can pay you · Does that cap rise with the account · Withdrawals before the account ends · What else a payout changes · What breaking the consistency rule costs · Profit required before the first request · Fee charged to pay you
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Minimum time a trade must be heldThey do not say.3 minutes—
we read the page that should answer this and it does not
“On funded accounts, trades must be held for a minimum of 3 minutes. Trades closed before this time will not count towards profit.”No score here, on purpose. The six axes above ask whether the firm can take your money or refuse to pay it. These rules ask something else — whether you can trade your way — and the right weight depends on who is reading: a minimum holding time decides the account for a scalper and is invisible to anyone else, while the weekend rule is the reverse. A single number would be wrong for half of you, and would look decided. The firm’s own sentences are here; the judgement is yours.
How it grows
What makes the account get bigger, how big it can get, and whether the path ends at a real market or at a larger simulation.
Where the path endsat a larger simulation—
“All accounts offered by Global Forex Funds are demo accounts running in a simulated environment with virtual funds only.”One of these questions is scored and it is not here. “Does the cap rise with the account” sits on the cash axis, next to the cap itself, because it has a right answer: a bigger account that pays the same cheque has handed you a larger number and the same money. The three below are different. A two-million ceiling is the whole point of the product for one reader and irrelevant to someone who wants one clean payout, so the firm’s sentences are here and the weight is yours.
How hard the test is
we did not read enough to sayNot the profit target on the sales page — that target measured against the room you are given to reach it.
Days you have to finishNo such thing in this plan.—
“Skip the challenge and trade funded from day one.”A deadline turns a test of skill into a test of whether the market happened to move during your month.
Trading days you must put inNo such thing in this plan.—
“Skip the challenge and trade funded from day one.”Cuts both ways: it costs you time, and it also stops an account passing on one lucky afternoon you could never repeat.
A second attempt costsNo such thing in this plan.—
“Skip the challenge and trade funded from day one.”A free second attempt turns one bad week into a delay instead of another invoice.
Profit targetNo such thing in this plan.—
“Skip the challenge and trade funded from day one.”Below 60% read we publish no number at all, because a grade computed from two facts out of six is not a lenient grade — it is a different measurement wearing the same label.
How much you must win to survive
Maximum loss
we did not read enough to sayThe loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit rises tick by tick, while you trade0.75/3
“Max drawdown is always calculated from your highest equity point (high water mark), not from the starting balance.”A limit that climbs takes back the cushion you already earned.
Where the limit stops risingThey do not say.0/3
we read the page that should answer this and it does not
The difference between a danger with an end date and one that never ends.
Below 60% read we publish no number at all, because a grade computed from two facts out of six is not a lenient grade — it is a different measurement wearing the same label.
What the limit is measured against · What taking a payout does to the limit · Total loss allowed · Daily limit
Withdrawing
we did not read enough to sayHow much can leave the account, how soon, how often — and whether they can say no.
Can it refuse without giving a reasonyes — it reserves that right in writing0/3
“If the Company determines you have contravened this clause 12 then the Company may immediately and without notice to you terminate or suspend your Account and/or use of the Services and you will forfeit any fees or payments you are entitled to under these Terms.”“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Below 60% read we publish no number at all, because a grade computed from two facts out of six is not a lenient grade — it is a different measurement wearing the same label.
Days before you can ask for money · Most one withdrawal can pay you · Does that cap rise with the account · Withdrawals before the account ends · What else a payout changes · What breaking the consistency rule costs · Profit required before the first request · Fee charged to pay you
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Minimum time a trade must be held3 minutes—
“On funded accounts, trades must be held for a minimum of 3 minutes. Trades closed before this time will not count towards profit.”No score here, on purpose. The six axes above ask whether the firm can take your money or refuse to pay it. These rules ask something else — whether you can trade your way — and the right weight depends on who is reading: a minimum holding time decides the account for a scalper and is invisible to anyone else, while the weekend rule is the reverse. A single number would be wrong for half of you, and would look decided. The firm’s own sentences are here; the judgement is yours.
How it grows
What makes the account get bigger, how big it can get, and whether the path ends at a real market or at a larger simulation.
Where the path endsat a larger simulation—
“All accounts offered by Global Forex Funds are demo accounts running in a simulated environment with virtual funds only.”One of these questions is scored and it is not here. “Does the cap rise with the account” sits on the cash axis, next to the cap itself, because it has a right answer: a bigger account that pays the same cheque has handed you a larger number and the same money. The three below are different. A two-million ceiling is the whole point of the product for one reader and irrelevant to someone who wants one clean payout, so the firm’s sentences are here and the weight is yours.
How hard the test is
we did not read enough to sayNot the profit target on the sales page — that target measured against the room you are given to reach it.
Days you have to finishThey state there is none.3/3
“No time limit on challenges”A deadline turns a test of skill into a test of whether the market happened to move during your month.
A second attempt costsyou pay full price again0/2
“You will not be entitled to restart Assessment Period once it starts.”A free second attempt turns one bad week into a delay instead of another invoice.
Below 60% read we publish no number at all, because a grade computed from two facts out of six is not a lenient grade — it is a different measurement wearing the same label.
How much you must win to survive · Profit target · Trading days you must put in
Maximum loss
we did not read enough to sayThe loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit rises tick by tick, while you trade0.75/3
“Max drawdown is always calculated from your highest equity point (high water mark), not from the starting balance.”A limit that climbs takes back the cushion you already earned.
Where the limit stops risingThey do not say.0/3
we read the page that should answer this and it does not
The difference between a danger with an end date and one that never ends.
Below 60% read we publish no number at all, because a grade computed from two facts out of six is not a lenient grade — it is a different measurement wearing the same label.
What the limit is measured against · What taking a payout does to the limit · Total loss allowed · Daily limit
Withdrawing
we did not read enough to sayHow much can leave the account, how soon, how often — and whether they can say no.
Can it refuse without giving a reasonyes — it reserves that right in writing0/3
“If the Company determines you have contravened this clause 12 then the Company may immediately and without notice to you terminate or suspend your Account and/or use of the Services and you will forfeit any fees or payments you are entitled to under these Terms.”“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Below 60% read we publish no number at all, because a grade computed from two facts out of six is not a lenient grade — it is a different measurement wearing the same label.
Days before you can ask for money · Most one withdrawal can pay you · Does that cap rise with the account · Withdrawals before the account ends · What else a payout changes · What breaking the consistency rule costs · Profit required before the first request · Fee charged to pay you
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Minimum time a trade must be heldThey do not say.3 minutes—
we read the page that should answer this and it does not
“On funded accounts, trades must be held for a minimum of 3 minutes. Trades closed before this time will not count towards profit.”Limit on position sizeThey state there is none.we did not read this stage—
“20.00 lots per position on all challenge types except HFT (unlimited).”No score here, on purpose. The six axes above ask whether the firm can take your money or refuse to pay it. These rules ask something else — whether you can trade your way — and the right weight depends on who is reading: a minimum holding time decides the account for a scalper and is invisible to anyone else, while the weekend rule is the reverse. A single number would be wrong for half of you, and would look decided. The firm’s own sentences are here; the judgement is yours.
How it grows
What makes the account get bigger, how big it can get, and whether the path ends at a real market or at a larger simulation.
Where the path endsat a larger simulation—
“All accounts offered by Global Forex Funds are demo accounts running in a simulated environment with virtual funds only.”One of these questions is scored and it is not here. “Does the cap rise with the account” sits on the cash axis, next to the cap itself, because it has a right answer: a bigger account that pays the same cheque has handed you a larger number and the same money. The three below are different. A two-million ceiling is the whole point of the product for one reader and irrelevant to someone who wants one clean payout, so the firm’s sentences are here and the weight is yours.
The rules in writing
Could you read the rule before paying, and can they change it afterwards?
Where the rule that binds you is publishedin a help-centre article the contract never mentions1.20/4
“These rules are effective as of the date of your purchase and form part of our Terms of Service.”If the rule that binds you lives in a help article your contract never mentions, you did not sign it.
Can it change the rules without noticeyes, and it says so0.60/3
“Where such changes materially affect the Services or their delivery, you will be notified in writing before the changes are implemented or as soon as practicable after they are implemented.”The clause that makes every dated verdict perishable, including ours. Near-universal, so not fatal.
Is the binding document datedThey do not say.0/2
we read the page that should answer this and it does not
Without a date you cannot tell whether the rule you read is the rule they apply.
Two official pages that disagree
the payout terms · costs money
“Keep Up to 90%.”“Keep up to 100% of your earnings as a real cash reward. We've already paid out $6M+ to successful traders you could be next.”the payout terms · costs money
“No hoops, no hidden rules. Request a payout every two weeks and receive it within 24 hours every single time.”“1% of account balance per trade. Exceeding this will result in profits being voided upon payout review. This is manually reviewed when a payout is requested.”whether the account reaches a real market · costs credibility
“More Power, Less Risk Trade up to $400K of our capital”“All your Trades will be placed on the Trading Platform, which is strictly a demonstration only environment and not a "live" platform.”the account size or the speed · costs credibility
“No time limit on challenges”“Unless expressly agreed by the Company or communicated to you otherwise, your Assessment Criteria (including the Assessment Period) is that which corresponds to your Assessment Program in the Schedule of Assessment Programs & Fees.”The company behind it
If it goes wrong, which company do you claim against, and under whose laws?
The company you contract withGlobalForexFundsno change4/4
“These Terms and Conditions ( Terms ) are agreed between you and GlobalForexFunds (the Company ) and sets out the terms and conditions that apply to your Account and your use of the Services (including under an Assessment Program or as a Funded Trader or ancillary services associated with either or both).”With no named company there is nobody to sue.
Where it is registeredwe did not read this stageSaint Vincent and the Grenadines0.40/2
“These Terms are governed by the laws of Saint Vincent and the Grenadines and each party irrevocably and unconditionally submits to the non-exclusive jurisdiction of the courts of Saint Vincent and the Grenadines.”A claim in the Czech Republic and a claim in St Vincent are not the same claim.
That company owns the brandyes2/2
“The parties acknowledge and agree that the Company wholly owns all legal ownership and Intellectual Property Rights to any technology, applications, products, systems, and documents that are provided to you in connection with these Terms, including the Trading Platform, the Website, the Account and any other part of the Services.”Signing with a company other than the brand’s owner separates who sold to you from who answers to you.
Almost no firm here has a financial regulator, because selling simulated evaluations is not a regulated activity anywhere. Of the 114 firms we scored by hand, 96 sat in the bottom two rungs of backing for this reason. So we do not count it against anyone — it only adds when a firm genuinely has one.
Its registration number · The people behind it are named
The market
Do your orders reach a market, or is all of it a simulation?
What the funded account issimulated, with no route to real capital0/4
“All your Trades will be placed on the Trading Platform, which is strictly a demonstration only environment and not a "live" platform.”The question that separates a firm that earns when you lose from one that earns when you last.
Conditions to reach a real marketNo such thing in this plan.—
“All your Trades will be placed on the Trading Platform, which is strictly a demonstration only environment and not a "live" platform.”Promising a route to a real market without publishing the conditions is promising nothing.
Almost none names a broker or a clearing house either, and that follows from the account being a simulation rather than being a second, separate failing. Charging for both would count one fact twice.
We read the rules of every plan it sells and issued a verdict on each one.