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TriumphFX Review - Is it scam or safe?

TriumphFX Review - is scam or good forex broker?

RATING: 2.7 / 2 REVIEWS TriumphFX


Trading Accounts & Conditions


Account type Minimum deposit  Minimum trade size Maximum leverage Spreads
Standard $100 .01 :500 1 pips


TriumphFX offers its clients one basic account type – a standard MT4 one which is said to offer NDD execution, leverage up to 1:500 and variable spreads.


Besides, there is a swap-free account option for traders of Islamic belief, and a Fund Management Program for investors and managers (professional traders).


We find nothing special in the offering  of this offshore brokerage - the variable spreads offered by this offshore broker are average, starting out at 1 pips for the EUR/USD, leverage is high and minimum initial amount required is standard.


The Company. Security of Funds


Company Country Regulation
Triumph Int. (Cyprus) Limited Cyprus CySEC
Triumph Int. Limited Vanuatu FSC


TriumphFX offers trading in forex and precious metals on the popular MetaTrader 4 platform. According to the broker’s website, it operates on a NDD execution model and keeps client funds in segregated accounts. Furthermore, the broker claims to implement protocol via system technology to ensure that client accounts will never go negative to protect traders from liabilities.


The broker was formed in 2009 in the British Virgin Island (BVI). Currently, there are two companies behind the brand, one registered offshore in Vanuatu, and another regulated in Cyprus (and across the EU and EEA).  


Cyprus is a jurisdiction prefered by many forex brokers, as it allows them to operate accross Europe. The local regulator has certain requirements to regulated entities, such as for minimum capital adequacy, client account segregation, filing regular reports, etc. Besides, brokers regulated by CySEC have to comply with all the rules set on a EU level. This provides clients of CySEC-licensed brokers with sufficient assurance for the security of their funds.


Trading Platforms


TriumphFX does not stray from the mainstream and supports the most popular forex trading platform, MetaTrader 4. It is available as desktop and mobile versions.


The MT4 is easy to use and offers all a trader needs: a number of technical analysis indicators, extensive back-testing options, advanced charting package, and wide range of Expert Advisors (EA), allowing clients to fully automate their trades. It comes in desktop, web and mobile versions with this broker.


One more thing – when we tried out TriumphFX’s MT4 on demo account, the spreads on the EUR/USD turned out to be tighter than 1 pips:



Methods of Payment


Clients of TriumphFX are offered limited payment methods - telegraphic and wire transfer.


All withdrawals are subjected to intermediary bank charges ranging from 25 USD to 75 USD per transaction.




TriumphFX is an broker that uses the standard MT4 and claims to offer pure NDD environment. It is operated by two entities, one of which is regulated in Cyprus, which is the broker's strongest advantage. Here are, in a nutshell, the pros and cons of TriumphFX:


Pros Cons
CySEC license Has an offshore entity
MT4 available, NDD environment No choice of trading platforms
Commission-free trading Limited payment methods


Latest news about TriumphFX
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UK FCA MT4, Web, MT4
for Mac
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Australia, UK ASIC, FCA MT4, MT5,
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Traders` reviews for TriumphFX
















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Scam alert

Again, I knew the latest staff from this platform are from gcmasia. They do something bad on gcmasia client, now they jump over triumphfx continue their journey to make client losing money to get commission. Saufi Awin Aaron?

Triumph Suck 08/20/2019

Bad Service

I am one of the victim here. Their name card showing on Cyprus but they are on Malaysia. Please try to get their license to give face to face trading advise, for sure they unable provide to you! And the money is go through Malaysia or IB account, Police is able to detect them, anything just report the account number! I will always here to help you all to bring them down!

Ashraff Yusof 08/16/2019
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