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TriumphFX Forex broker specializes in providing foreign exchange trading services, the company's official website http://www.triumphif..., the company's legitimate regulatory information United KingdomFCAEuropean Authorized Representative (EEA) to enhance the security of the company's address 2283 Columbus Centre, Road Town, Tortola, British Virgin Islands

TriumphFX Forex Broker

Basic Information

Registered Region

The Virgin Islands

Operating Period

Company Name

Triumph Int. Limited.

Abbreviation

TriumphFX

Company employee

Company Website

http://www.triumphifx.com/

Company address

2283 Columbus Centre, Road Town, Tortola, British Virgin Islands

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

Risk Warning The United Kingdom FCA regulatory (license number: 763697) claimed by this broker is a suspicious clone, please be aware of the risk! Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only. TriumphFX Basic Information Company Name TriumphFX Founded 2009 Headquarters The Virgin Islands Regulations Suspected Fake Clone Tradable Assets Currency pairs (60), metals (4) Account Types Standard Fixed, Standard Variable, Islamic Variable Account, Premium, Platinum, Islamic Platinum Accountand VIP Account Minimum Deposit from 100 USD Maximum Leverage 1:30 (for the clients of European subdivision), 1:500 (or the clients of international subdivision) Spreads from 1.6 pips (Standard), from 0.5 pips (VIP) Commission 0～6 USD per lot Deposit Methods Wire Transfer, Bank Card, Neteller, Skrill Trading Platforms MT4 (desktop, mobile, web) Customer Support Operates 24/5Contact via phone, ticket, and email Education Resources Forex Basic, Forex Glossary, Market Analysis Bonus Offerings None General Information TriumphFX, a trading name of Triumph Int. Limited., presents itself as a forex and CFD broker founded in 2009 and registered in the Virgin Islands that claims to provide its clients with various tradable financial instruments with leverage up to 1:400 on the MT4 for desktop, Web, iOS and Android trading platforms. Here is the home page of this brokers official site: As for regulation, it has been verified that TriumphFX has suspicious clone BaFin and FCA licenses. That is why its regulatory status on WikiFX is listed as “Suspected Fake Clone”. Please be aware of the risk. Pros and Cons : It has been verified that this broker is suspicions about a clone and lacking valid regulation. [W1] Traders should be aware of the risk when evaluating TriumphFX for their trading needs. Pros Cons None.[W2] Small inventory of trading instruments. High spreads on the most affordable account types. Small selection of withdrawal methods. Suspicions about a clone and lacking valid regulation may pose risks. Customer support is not available 24/7 or on weekends, which may be inconvenient for traders requiring immediate assistance outside of regular business hours. Negative Reviews Some traders shared their terrible trading experience on the TriumphFX platform at WikiFX. They said they were unable to withdraw. It is necessary for traders to read reviews left by some users before choosing forex brokers, in case they are defrauded by scams. Market Instruments TriumphFX advertises that it offers rich trading products, including forex, CFD, fund custody and precious metals (such as gold and silver). However, more specific information about tradable assets cannot be found on the Internet. Below is a comparison table about trading instruments offered by different brokers: Forex Metalls Crypto CFD indexes Stock ETF Options TriumphFX Yes Yes No No No No No No RoboForex Yes Yes Yes Yes Yes Yes Yes No Pocket Option Yes Yes Yes Yes Yes Yes No No Tickmill Yes Yes Yes Yes Yes Yes No No EXNESS Group Yes Yes Yes Yes Yes Yes No No AMarkets Yes Yes No Yes Yes Yes No No Account Types The brokerage company TriumphFX offers five types of accounts that are suitable for clients with various financial means: Standard Fixed, Standard Variable, Islamic Variable Account, Premium, Platinum, Islamic Platinum Accountand VIP Account. The conditions on standard accounts are not that favorable, because the spread starts from 1.6 pips with a minimum deposit of $100. TriumphFX offers the most interesting conditions for wealthy clients on the VIP trading plan, where the spread starts from 0.5 pips in the absence of other commissions. However, the minimum deposit amount rises to $5,000. Standard Fixed Account: This account type requires a minimum deposit of 100 USD. It offers a fixed spread type with a typical spread of 1.6 pips for the EURUSD currency pair. Swap charges apply, but there are no commission charges. Traders can enjoy a maximum leverage of 1:500. Standard Variable Account: With a minimum deposit of 100 USD, the Standard Variable Account features a floating spread type with a typical spread of 1.6 pips for the EURUSD pair. Similar to the Standard Fixed Account, it also incurs swap charges, while commission charges are not applicable. Traders can utilize a maximum leverage of 1:500. Islamic Variable Account: The Islamic Variable Account shares similarities with the Standard Variable Account, including a minimum deposit of 100 USD and a floating spread type with a typical spread of 1.6 pips for the EURUSD pair. However, this account is swap-free, meaning no swap charges are applied. There are no commission charges, and the maximum leverage available is 1:500. Premium Account: Designed for more experienced traders, the Premium Account requires a higher minimum deposit of 500 USD. It offers a floating spread type with a narrower typical spread of 0.6 pips for the EURUSD pair. Traders will be subject to swap charges, and a commission fee of 6 USD is applicable. The maximum leverage available is 1:500. Platinum Account: The Platinum Account is tailored for advanced traders who can meet the minimum deposit requirement of 2,000 USD. It provides a floating spread type with a similar typical spread of 0.6 pips for the EURUSD pair. Like the Premium Account, it incurs swap charges and charges a reduced commission fee of 3 USD. Traders can utilize a maximum leverage of 1:500. Islamic Platinum Account: Similar to the Platinum Account, the Islamic Platinum Account requires a minimum deposit of 2,000 USD and offers a floating spread type with a typical spread of 0.6 pips for the EURUSD pair. However, this account is swap-free, meaning no swap charges are applied. There are no commission charges, and the maximum leverage available is 1:500. VIP Account: Geared towards high-volume traders, the VIP Account demands a substantial minimum deposit of 5,000 USD. It offers a floating spread type with a narrower typical spread of 0.5 pips for the EURUSD pair. Swap charges apply, but there are no commission charges. Traders can leverage their trades up to a maximum of 1:500. These account types cater to traders with varying levels of experience and trading preferences, providing options for different deposit amounts, spread types, costs, and leverage ratios. Account Type Minimum Deposit Spread Type Typical Spread (EURUSD) Swap Charges Commission Charges Maximum Leverage Standard Fixed 100 USD Fixed 1.6 YES NO 1:500 Standard Variable 100 USD Floating 1.6 YES NO 1:500 Islamic Variable 100 USD Floating 1.6 NO NO 1:500 Premium 500 USD Floating 0.6 YES 6 USD 1:500 Platinum 200 USD Floating 0.6 YES 3 USD 1:500 Islamic Platinum 2,000 USD Floating 0.6 NO NO 1:500 VIP 5,000 USD Floating 0.5 YES NO 1:500 How to Open an Account: 1. Visit the TriumphFX website. Look for the “Register” button on the homepage and click on it. 2. Fill in the required information, such as your name, email address, and phone number. 3. click on the “Submit” button. 4. After completing the initial registration, the system will direct you to a more in-depth questionnaire. Here is a tutorial video that provides visual instruction on how to open an account in TriumphFX: Leverage Traders receive leverage with a maximum value of 1:30 to 1:500. Potential clients can test the trading conditions on a demo account. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you. Spreads and Commissions (Trading Fees) TriumphFX offers a variety of account types with competitive spreads and transparent trading fees. The spreads on all account types start from as low as 0 pips, providing traders with tight pricing. TriumphFX operates with variable spreads, reflecting the market conditions and liquidity. The Standard Fixed and Standard Variable accounts have a typical spread of 1.6 pips for the EURUSD pair, which is relatively higher compared to some other brokers in the market. The Premium and Platinum accounts offer a narrower spread of 0.6 pips for EURUSD, providing potentially better pricing for traders. The VIP account offers the tightest spread of 0.5 pips for EURUSD. Swap charges apply to all accounts, except for the Islamic Variable and Islamic Platinum accounts, which are swap-free. This can be beneficial for traders adhering to Islamic principles. Commission charges are applicable for the Premium and Platinum accounts, with fees of $6 USD and $3 USD respectively. However, the VIP account does not incur any commission charges, which can be advantageous for high-volume traders. Traders across all account types can enjoy a maximum leverage of 1:500, allowing for potentially larger trading positions. TriumphFX also offers fractional pip pricing, which allows traders to benefit from smaller price movements by adding a 5th digit, enhancing precision in quoting. With its range of account types and competitive trading fees, TriumphFX provides traders with options to suit their trading preferences. It's important for traders to consider the spread, commission charges, and other factors in relation to their trading strategies and objectives when choosing an account type. Account Type Spread (Minimum Value) Withdrawal Commission Standard Fixed 1.6 pips No commission Standard Variable 1.6 pips No commission Islamic Variable 1.6 pips No commission Premium 0.6 pips $6 Platinum 0.6 pips $3 Islamic Platinum 0.6 pips No commission VIP 0.5 pips No commission Non-Trading Fees When withdrawing funds, the commission of the intermediary bank will be from $25 to $75. The broker compensates the banks commissions for deposits, but only in case of a deposit starting from $500. There are swaps (commission for moving a position to the next day). Below is a comparison table about average commission charged by different brokers: Broker Average commission Level TriumphFX $9 High RoboForex $1 Low Pocket Option $2.50 Medium Trading Platform Available Platforms available for trading at TriumphFX are MT4 for desktop, Web, iOS and Android. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5. Deposit & Withdrawal TriumphFX says to offer a variety of deposit methods, yet no more information is specified. The withdrawal is normally T+3-5 working days to the account. Customer Support TriumphFX‘s customer support can be reached by WeChat: 3131999. Company address: 2283 Columbus Centre, Road Town, Tortola, British Virgin Islands. However, this broker doesn’t disclose other more direct contact information like telephone numbers that most brokers offer. Conclusion The broker TriumphFX offers its clients 60 currency pairs and four precious metals for trading as well as the classic MetaTrader 4 terminal. The minimum spread value ranges from 1.6 points on a standard account to 0.5 points on a VIP type account. Traders receive leverage with a maximum value of 1:30 to 1:500. Potential clients can test the trading conditions on a demo account. Muslim traders have access to 2 types of Islamic accounts, which do not charge swaps. However, it's important for traders to exercise caution and conduct thorough research before making a decision. It is worth noting that there are suspicions about a clone claiming to be regulated by the United Kingdom FCA, which poses a risk.It is essential for traders to consider their risk tolerance and understand that online trading involves a significant level of risk, and they may lose all of their invested capital. FAQs: Q: Is TriumphFX a regulated broker？ A: It has been verified that this broker currently has no valid regulation. Please be aware of the risk! Q: What is the minimum deposit requirement for TriumphFX accounts？ A: The minimum deposit is $100 for Standard Fixed, Standard Variable, and Premium accounts. Platinum account requires a minimum deposit of $2,000, while VIP account requires a minimum deposit of $5,000. Q: How are the spreads and commissions structured on TriumphFX？ A: Standard Fixed and Standard Variable accounts have a minimum spread of 1.6 pips, which includes the brokerage commission. Premium account has a floating spread starting from 0.6 pips and charges a commission of $6 per lot. Platinum account also has a floating spread starting from 0.6 pips, with a commission of $3 per lot. Q: Does TriumphFX provide negative balance protection？ A: Yes, TriumphFX offers negative balance protection to its clients. Q: Are there any non-trading commissions on TriumphFX？ A: Yes, there may be a commission charged by the intermediary bank for fund withdrawals, ranging from $25 to $75. However, TriumphFX compensates the bank's commissions for deposits of $500 and above.

TriumphFX broker review

Is TriumphFX safe or scam

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How to login to TriumphFX?

Triumphfx Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a Triumphfx Account Registering for a Triumphfx account is the first step towards engaging in trading on their platform. Follow these detailed steps to successf

TriumphFX Forex Broker - Complete Information Guide

1. Broker Overview

　　TriumphFX, established in 2009, is a financial services provider headquartered in Limassol, Cyprus. The broker operates under the name Triumph International Limited, which is a private entity. TriumphFX primarily serves retail and institutional clients interested in trading various financial instruments, including foreign exchange (forex), commodities, and indices.

　　Over the years, TriumphFX has achieved significant milestones, including recognition as a reliable broker, receiving several awards for its services, including the title of "Most Reliable Forex Broker of the Year" in 2017. The company has expanded its operations internationally, establishing offices in regions such as Malaysia, Hong Kong, and Australia. TriumphFX's business model is based on providing retail forex trading services and access to institutional clients, ensuring a comprehensive trading environment for all levels of traders.

　　TriumphFX broker is known for its emphasis on high-quality transaction execution, using advanced technology to connect clients directly with liquidity providers. This approach allows for competitive pricing and efficient trade execution, catering to the diverse needs of its clientele.

2. Regulation and Compliance Information

　　TriumphFX operates under multiple regulatory authorities, ensuring a level of compliance and security for its clients. The primary regulators include:

Cyprus Securities and Exchange Commission (CySEC) - License Number: 293/16
Vanuatu Financial Services Commission (VFSC) - License Number: 17901
Financial Services Authority (FSA), Seychelles - License Number: SD 080

　　The CySEC license allows TriumphFX to provide services across the European Economic Area, ensuring adherence to strict regulatory standards. However, the VFSC and FSA licenses are considered less stringent, raising some concerns about investor protection.

　　TriumphFX implements a segregation of client funds policy, ensuring that client deposits are kept separate from the brokers operational funds. This practice is designed to protect clients in the event of insolvency. Additionally, TriumphFX participates in an Investor Compensation Fund, which provides compensation to clients if the company becomes insolvent, thus enhancing the safety of client funds.

　　The broker adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring clients to verify their identity and financial status before trading. This compliance helps mitigate the risk of fraud and ensures a secure trading environment.

3. Trading Products and Services

　　TriumphFX offers a limited range of trading products, focusing primarily on:

Forex: Over 60 currency pairs, including major, minor, and exotic pairs.
Precious Metals: Trading options include gold and silver.

　　While the broker provides a robust forex trading environment, the range of other products, such as stocks, commodities, or cryptocurrencies, is notably limited. The lack of diversification may restrict traders looking for broader investment opportunities.

　　TriumphFX also offers Contract for Differences (CFDs) on commodities and indices, allowing traders to speculate on price movements without owning the underlying assets. However, there are no cryptocurrency trading options available.

　　The broker regularly updates its trading offerings, although the frequency and extent of these updates may vary. TriumphFX provides retail trading services and has recently introduced features like community trading and fund management services, allowing clients to engage in social trading and invest in managed funds.

4. Trading Platforms and Technology

　　TriumphFX primarily utilizes the MetaTrader 4 (MT4) platform, a widely recognized trading software among forex traders. The platform is available in various formats, including desktop, web, and mobile applications, providing traders with flexibility and accessibility.

MetaTrader 4 (MT4): Supports automated trading, advanced charting, and a comprehensive set of analysis tools.
Web-based Platform: Allows trading directly through a web browser without the need for downloads.
Mobile Application: Available for both Android and iOS devices, enabling traders to manage their accounts on the go.

　　TriumphFX employs a Straight Through Processing (STP) execution model, ensuring that orders are routed directly to liquidity providers without interference. This model enhances trade execution speed and reliability.

　　The broker features a modern data center to support its trading operations, ensuring high availability and low latency for traders. Additionally, TriumphFX offers API access for automated trading solutions, catering to more advanced traders looking to implement algorithmic trading strategies.

5. Account Types and Trading Conditions

　　TriumphFX provides several account types tailored to different trading needs:

Standard Fixed Account: Minimum deposit of $100, with fixed spreads starting at 1.6 pips and no commission fees.
Standard Variable Account: Minimum deposit of $100, with floating spreads starting at 1.6 pips and no commission fees.
Premium Account: Minimum deposit of $500, with floating spreads starting at 0.6 pips and a commission of $6 per lot.
Platinum Account: Minimum deposit of $2,000, with floating spreads starting at 0.6 pips and a commission of $3 per lot.
VIP Account: Minimum deposit of $5,000, with floating spreads starting at 0.5 pips and no commission fees.

　　The leverage offered by TriumphFX varies by account type, with a maximum of 1:30 for clients under CySEC regulations and up to 1:500 for international clients. The minimum trade size is 0.01 lots, allowing traders to enter the market with lower capital requirements.

　　TriumphFX also offers Islamic accounts for Muslim traders, which do not incur swap fees, ensuring compliance with Islamic finance principles.

6. Fund Management

　　TriumphFX supports a variety of deposit and withdrawal methods, including:

Deposit Methods: Bank transfer, credit/debit cards, Skrill, Neteller, and UnionPay.
Withdrawal Methods: Primarily bank transfers, with processing times ranging from 2-5 business days.

　　The minimum deposit requirement is $100 for standard accounts, while higher-tier accounts require larger initial investments. TriumphFX does not charge deposit fees, but there may be intermediary bank charges for withdrawals, typically ranging from $25 to $75.

　　Withdrawals are processed within 2-5 business days, and clients must be aware that TriumphFX does not reimburse local bank charges incurred during the withdrawal process.

7. Customer Support and Educational Resources

　　TriumphFX offers customer support primarily through a ticketing system and email, with limited availability for direct contact. The support team operates during business hours and can be reached via:

Email: support@tfxi.com
Phone: +35725030337

　　Unfortunately, the lack of 24/7 support and live chat options may pose challenges for clients requiring immediate assistance.

　　In terms of educational resources, TriumphFX provides limited materials, including a forex glossary and some training videos. Additionally, the broker offers market analysis and economic calendars to assist traders in making informed decisions.

8. Regional Coverage and Restrictions

　　TriumphFX serves clients globally, particularly in regions such as Europe, Asia, and Australia. However, it does not accept clients from the United States or several other countries due to regulatory restrictions.

　　The broker's operations are primarily focused on regions where it holds regulatory licenses, ensuring compliance with local laws. However, potential clients from regions with stringent regulations should conduct thorough research before engaging with TriumphFX.

　　In summary, while TriumphFX offers a range of trading products and services, it is crucial for traders to assess the broker's regulatory status, customer support availability, and product offerings to ensure a suitable trading experience.

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