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Score

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The WikiFX Score of this broker is reduced because of too many complaints!

TriumphFX

Cyprus|5-10 years|
Scam Brokers|Regulated in Cyprus|Straight Through Processing(STP)|Vanuatu Retail Forex License Revoked|High potential risk|

https://www.triumphfx.com/

Website

Rating Index

Influence

Influence

A

Influence index NO.1

Malaysia 8.06
Surpassed 17.60% brokers
Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+357 25030337
support@triumphfx.com
https://www.triumphfx.com/
Lophitis International Center, 2nd Floor. Corner of Soteri Michaelidi and 28th October Street, CY-3035 Limassol
The WikiFX Score of this broker is reduced because of too many complaints!
VPS Standard
*No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Open
This platform is a Ponzi Scheme. Please stay away!
2024-12-23
  • This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
9

Basic information

Registered region
Cyprus
Operating period
5-10 years
Company Name
Triumph Int. (Cyprus) Limited
Abbreviation
TriumphFX
Company employee
--
Customer Service Email Address
support@triumphfx.com
Contact number
0035725030337
Company address
Lophitis International Center, 2nd Floor. Corner of Soteri Michaelidi and 28th October Street, CY-3035 Limassol

Fx3578064

Australia

the scammed happened 3 month ago , they are scummers & frauds, if you being get profits they start put ur account under review its mean they will create any story to close ur account and not give u ur money

Exposure

2023-03-07

追回损失

Hong Kong

In May 2022, I began to trade at the DEX foreign exchange platform. At that time, it was operated by the Rajes team. Within two months, the platform said that the cooperation with the team was canceled, and all withdrawals and deposits were blocked. As of 10.16, the principal of RMB 60,000 has not been refunded, and we are now applying for a complaint. I hope investors will stop trusting this DEX platform!

Exposure

2022-10-16

栗子29435

Hong Kong

Now I have been defrauded of about 1 million, all of which are made by loans, and I can no longer survive. please help me

Exposure

2022-09-28

FX6349856692

Hong Kong

Haven't been able to withdraw money since May? what should I do?

Exposure

2022-08-10

FX1071550188

Canada

I went ahead to invest $25,000 from a loan I had taken out as I was desperate but even at that they wanted me to increase my deposit in order to secure a safe spot in the market and avoid loss of capital but it was all a lie because withdrawal was still impossible Filing a compliant through fintrack/ org relief program explained what to do and how to go about getting my investment returned so Investors should never feel confident about their investment on TriumphFX

Exposure

2022-08-06

910.

Hong Kong

The equivalent of 1.45 million CNY cannot be withdrawn. What should I do now?

Exposure

2022-08-05

外汇投资找我

Hong Kong

Submit the request on June 22 and cannot withdraw till now. What to do? Should I just keep waiting? Just like HIIFX and tr?

Exposure

2022-07-19

正义联盟01

Hong Kong

Submit on June 6 and reviewed on June 7th. It has not arrived for more than one month. The customer service said that they made the transfer one month ago, but it has not arrived and still delaying.

Exposure

2022-07-18

花钱买教训

Hong Kong

Ping An has forbidden the trading and cannot withdraw now. Some investors has not received their withdrawal from May.

Exposure

2022-07-17

不打款天台見

Hong Kong

The withdrawal that passed on June 20th has not been received for a month.

Exposure

2022-07-17

听风91396

Hong Kong

Withdrawal has not arrive for more than a month. It is still unable to withdraw even I change to another fund team. It is another month.

Exposure

2022-07-13

just so so

Hong Kong

Withdrawal has not arrived for more than one month. It is cancelled. Some people received some amount of withdrawal. Some people never receive anything.

Exposure

2022-07-02

哈哈哈哈。。

Hong Kong

Serious slippage, causing huge loss. There is no consequence after contacting the customer service.

Exposure

2022-06-17

人生,走着瞧

Hong Kong

The withdrawal has been approved for more than 20 working days, but it has not arrived yet. It just offer small withdrawal to stablized the situation. They do not make large withdrawal.

Exposure

2022-06-14

Rey

Philippines

I was wating for 2 month for withdthraw, and my account was just closed. Lost almost 5k$.I don't have any news about them. Please help end to put end to this Fraudsters!

Exposure

2021-09-14

FX7199253022

Nigeria

Tri element EA management is a scammer. He's from indonesia. He has telegram as well t.me/TradeWithMyF1 His skrill id yuga_binangkit@yahoo.com He claims that his EA give 20% to 30% monthly profit and draw down will be only 10% to 30% monthly on a $500 account with one pair. I purchased his EA and tested it on a vps with default settings (as he told to use this settings only) but it gave $250 draw down on a $5000 account balance. Which is equal to 50% if I had used $500 account balance.

Exposure

2021-08-23

FX8095872720

Malaysia

Cant log into their website but thats just because the server is down.

Exposure

2021-07-16

FX3205751518

Philippines

This broker is a fraud. I want my money back.

Exposure

2021-07-06

孔雷

Hong Kong

How can I get my principal back when I was cheated?[d83d][de02] I can only find referrals, what should I do now?

Exposure

2021-06-12

FX1206580902

Thailand

Unable to withdraw. I've been waiting for a year. How long do I have to wait?

Exposure

2021-03-17

35
Account Information
Funding
Biz Area
Website
Genealogy
Company Summary
Disclosure
News
Review

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Website

Most visited countries/areas

  • Hong Kong
  • Malaysia
  • Indonesia
  • triumphfx.com

    Server Location

    United States

    Website Domain Name

    triumphfx.com

    Website

    WHOIS.GODADDY.COM

    Company

    GODADDY.COM, LLC

    Domain Effective Date

    2016-03-19

    Server IP

    174.37.243.85

  • tfxi.com

Company Summary

TriumphFX Review Summary in 10 Points
Founded 2009
Headquarters Cyprus
Regulation BaFin, CYSEC
Market Instruments Forex, precious metals
Demo Account Available
Leverage 1:30 for retail/1:500 for professional
EUR/USD Spread 0.4 pips
Trading Platforms MT4
Minimum deposit $/€/£100
Customer Support phone, email

What is TriumphFX?

TriumphFX was founded in 2009 and is based in Cyprus, providing professional online trading services to investors, traders, and institutional clients through a robust NDD and STP order processing model.

TriumphFX is regulated by Federal Financial Supervisory Authority (BaFin) and Cyprus Securities and Exchange Commission (CySEC). TriumphFX is also registered with Financial Conduct Authority (FCA) and Vanuatu Financial Services Commission (VFSC), but these two licenses have already been revoked.

TriumphFX has been brought into a series of scandals about the inability to withdraw funds, illegal brokers, as well as failing to log in to its official website, etc. Please be aware of the risk.

TriumphFX's website

Pros & Cons

TriumphFX offers competitive trading conditions with low spreads, multiple account types, and MT4 trading instrument. Additionally, the broker is regulated by reputable authorities and offers negative balance protection. However, too many complaints from users saying that they have difficulty withdrawing. And their educational resources, research and analysis tools are limited compared to other brokers.

Pros Cons
• Regulated by BaFin and CYSEC • Too many complaints from users
• Offers multiple account types • Limited range of tradable instruments
• Competitive trading conditions • Limited educational resources
• Wide range of payment methods available • No 24/7 customer support
• User-friendly MT4 trading platform • Limited research and analysis tools

Note: The above table is based on general information and may not be comprehensive. Pros and cons may vary depending on individual experiences and circumstances. Each trader has unique needs and preferences, so it is important to carefully consider your own trading style and goals when selecting a broker.

TriumphFX Alternative Brokers

There are many alternative brokers to TriumphFX depending on the specific needs and preferences of the trader. Some popular options include:

  • XM: This is a popular forex broker that is known for its low spreads, multiple trading platforms, and excellent customer service. They are regulated by multiple top-tier authorities, including the ASIC, CySEC, and FCA, which makes them a safe and reliable choice.

  • Pepperstone: This broker offers a wide range of trading instruments, low spreads, and fast trade execution speeds. They are also regulated by top-tier authorities such as the FCA and ASIC, which ensures that they are a trustworthy option.

  • IG: This broker offers a variety of trading instruments, competitive pricing, and a user-friendly trading platform. They are also regulated by top-tier authorities such as the FCA, which ensures that they adhere to strict financial regulations and are a safe and reputable broker.

Is TriumphFX Safe or Scam?

Based on the information provided on TriumphFX's website, as well as their regulatory status, it seems that TriumphFX takes measures to protect its clients' interests and promote a safe trading environment. They are licensed and regulated by reputable authorities, and have implemented several security measures to ensure the safety of its clients' funds, such as segregated accounts and negative balance protection. However, there have been some negative reviews from clients regarding withdrawal issues, which is a red flag.

How are you protected?

Protection Measure Detail
Regulation BaFin and CYSEC
Investor Protection Segregated client funds are separated from the firm's operational accounts. The clients' funds are kept in leading investment global banks.
Negative Balance Protection Your live trading account balance is always protected from dipping into a negative status and TriumphFX will absorb the loss if it does.

It's important to note that while TriumphFX takes steps to protect its clients, no broker can guarantee complete protection against all risks. Clients should always do their own research and carefully consider the risks involved in trading before making any investment decisions.

Market Instruments

TriumphFX offers investors a small range of trading instruments, including over 60 pairs of the most popular major currency pairs in the Forex market, minor currency pairs, exotic currency pairs, as well as precious metals such as gold and silver.

forex and precious metals

Accounts

To meet the investment needs and trading experience of different investors, TriumphFX offers three different types of accounts, namely Classic Accounts, Gold Accounts, and Premium Accounts. The minimum deposit requirement is 100. The base currencies of the accounts are EUR, USD, and GBP, and the minimum trade lot size is 0.01. Demo accounts are also available.

Account Types

Leverage

TriumphFX, as a Cyprus-regulated broker, offers the maximum trading leverage of up to 1:30 for retail clients. Traders can adjust the leverage according to their knowledge and experience, and professional clients can trade with a maximum leverage of up to 1:500.

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 & Commissions

All spreads with IMS FX are a floating type and scaled with the asset class. The minimum spread on the TriumphFX platform is 0.4 pips for EURUSD, 0.1 pips for EURGBP, 1.2 pips for GBPUSD, 0.8 pips for USDJPY, 1.7 pips for XAUUSD, and 1.7 pips for XAGUSD. It seems that there is no commission charged.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker EUR/USD Spread Commission
TriumphFX 0.4 pips No
XM 0.1 pips No
Pepperstone 0.1 pips No
IG 0.6 pips No

Note: Spreads can vary depending on market conditions and volatility.

Trading Platforms

TriumphFX offers traders the flexibility to choose from the market-leading and widely acclaimed MT4 trading platform, as well as MT4 Windows, MT4 iOS, and MT4 Android. MT4 is known as the ideal forex trading platform with powerful charting and data analysis tools, an intuitive and clear interface, and support for EA intelligence. MT4 can develop suitable trading strategies for traders of different levels, helping traders to trade with ease.

MT4 deail
MT4 devices

See the trading platform comparison table below:

Broker Trading Platform
TriumphFX MetaTrader4
XM MetaTrader4, 5
Pepperstone MetaTrader4, 5
IG MetaTrader4, ProRealTime, L2 Dealer, IG Trading Platform

All four brokers offer MetaTrader4 and have mobile, web, and desktop versions available. XM and Pepperstone also offer MetaTrader5, while IG has a wider range of trading platforms including ProRealTime, L2 Dealer, and its own IG Trading Platform.

Trading Tools

TriumphFX offers several trading tools designed to help traders stay informed and up-to-date with the latest market trends and developments. The economic calendar provides real-time updates on upcoming economic events and their potential impact on the markets, while the FX analysis and news section offers daily market commentary and analysis from TriumphFX's team of experts. These tools can be especially useful for traders who rely on fundamental analysis to make informed trading decisions.

Additionally, TriumphFX offers access to a variety of technical analysis tools, including charting and indicators, that can be used to identify trading opportunities and potential market trends. Overall, TriumphFX's trading tools can be a valuable resource for traders looking to stay ahead of the markets and make more informed trading decisions.

Deposits & Withdrawals

TriumphFX supports clients by depositing and withdrawing funds to their investment accounts via Visa, MasterCard, Bank Wire, Neteller, and Skrill/Moneybookers.

The minimum deposit amount is $/€/£100.

No commissions are charged on deposits. For any deposit equivalent or above $500, TriumphFX will reimburse the Intermediary Bank Charges. Regardless however, all Local Bank Charges incurred by the sending bank will not be reimbursed. Your deposits will be processed within 2-3 business days from the day your funds are sent from your bank account. After confirmation of your deposits, your funds will be immediately credited into your trading account.

Deposits

Traders withdrawing funds via NETELLER and Skrill/Moneybookers pay 1% commission and while via VISA & MasterCard, the withdrawal fee is $3/€2/£2. For Bank Wire withdrawals, if your withdrawal amount is less than €1,000, the fees will be $30/€20/£25, and any above will be charge + 0.15%. All withdrawals are subjected to intermediary bank charges ranging from $25 to $75 per transaction. It will take 2-5 business days to process your request.

Withdrawals

TriumphFX minimum deposit vs other brokers

TriumphFX Most other
Minimum Deposit $/€/£100 $/€/£100

TriumphFX Money Withdrawal

In order to create a Withdrawal Request please:

Step 1: Login to your trading account ( https://secured.triumphfx.com/login ) .

Step 2: Go to the Withdrawals Section.

Step 3: Click Create Withdrawal and choose the method you want to withdraw your Funds.

Step 4: Fill in all the required fields.

Step 5: Submit the web form.

Customer Service

TriumphFX offers customer support via phone, email, and online messaging. You can also follow this broker on social networks such as Facebook, Instagram and LinkedIn. Overall, the customer service of TriumphFX appears to be satisfactory.

Customer Service

Education

TriumphFX offers a range of educational resources to help traders improve their trading knowledge and skills. These resources include Forex essentials and Forex glossary. Additionally, TriumphFX offers a demo account for traders to practice their trading strategies and get familiar with the platform before trading with real money. Overall, TriumphFX's educational resources can be a valuable asset for both new and experienced traders looking to improve their trading skills.

Conclusion

All in all, TriumphFX seems to be well-regulated, but there are numerous negative reviews from users. Many users have reported difficulties in withdrawing funds, and some have even accused TriumphFX of being an illegal Ponzi scheme. Despite offering attractive trading conditions, the high number of negative reviews and accusations of illegal activity should be a red flag for potential investors. It is important to thoroughly research any broker before investing and to exercise caution when dealing with TriumphFX.

Frequently Asked Questions (FAQs)

Q 1: Is TriumphFX regulated?
A 1: Yes. It is regulated by BaFin and CYSEC.
Q 2: Does TriumphFX offer industry-standard MT4 & MT5?
A 2: Yes. TriumphFX supports MT4.
Q 3: What is the minimum deposit for TriumphFX?
A 3: The minimum initial deposit with TriumphFX is $/€/£100.
Q 4: Is TriumphFX a good broker for beginners?
A 4: No. It is not a good choice for beginners. There are too many negative reviews from their users saying that they have difficulty withdrawing.

Keywords

  • Scam Brokers
  • 5-10 years
  • Regulated in Cyprus
  • Straight Through Processing(STP)
  • Vanuatu Retail Forex License Revoked
  • United Kingdom European Authorized Representative (EEA) Revoked
  • Germany Retail Forex License Revoked
  • High potential risk

News

The Historical & Costly Neglect of TriumphFX

Exposure The Historical & Costly Neglect of TriumphFX

The Cypriot financial supervisory commission recently took action, suspending shareholder rights at TriumphFX, a regulated retail broker, due to management concerns. This involves Chong Chun Hseung, the sole indirect shareholder, and prior warnings from Asian regulatory bodies.

2023-12-26 18:01

TriumphFX Faces CySEC Action Over Shareholder Issues

News TriumphFX Faces CySEC Action Over Shareholder Issues

CySEC takes action against TriumphFX over shareholder concerns. Regulatory crackdown on investment firm. Protecting investors' interests.

2023-12-22 16:13

Is TriumphFX Legit or Scam?!

Exposure Is TriumphFX Legit or Scam?!

In today's article, WikiFX will explore TriumphFX in depth, examining its features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service to help you decide whether to use this platform. Keep reading to find out more!

2023-06-21 17:01

Controversy Surrounds TriumphFX's Launch of Virtual Currency TFX

News Controversy Surrounds TriumphFX's Launch of Virtual Currency TFX

TriumphFX's recent launch of a virtual currency called TFX. Critics have claimed that TFX is part of a Ponzi scheme, designed to prevent investors from withdrawing their funds. Additionally, the platform has been accused of engaging in continuous brainwashing to promote TFX as a long-term investment opportunity in various social media groups.

2023-02-28 12:16

WikiFX Review: Traders need to understand the current situation of TriumphFX

News WikiFX Review: Traders need to understand the current situation of TriumphFX

Recently, TriumphFX is a trending topic in the forex industry. It is not the first time that WikiFX reported this broker publicity. In the previous article, WikiFX has exposed this broker for taking clients’ money away fraudulently. In today’s article, WikiFX will have a comprehensive review of TriumphFX so that you will have a clear understanding of this broker.

2022-08-24 17:39

WIKIFX REPORT: Forex Eyes: Don't trust TriumphFX, it is already on the warning list of regulators

News WIKIFX REPORT: Forex Eyes: Don't trust TriumphFX, it is already on the warning list of regulators

Speaking of TriumphFX, it is updated every month as it is a foreign exchange fund recognized by SkyEye. However, despite this being a typical issue, fund users won't actively give up as long as the foreign exchange plate doesn't collapse and flee. Users of TriumphFX can say the same.

2022-06-15 14:31

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