Throughout TriumphFX Review and many other reviews, we 55brokers assist in your choice and knowledge about trading offerings. You should always verify if the broker is legit or not, which in reverse will bring you a safe trading environment and pleasant trading experience.

What is TriumphFX?

TriumphFX is a Cyprus brokerage firm that provides access to quality trading and investment solutions through its fully regulated environment and competitive conditions. The broker operates since 2010 and showed its professional approach to investors, traders and institutions by its powerful NDD and STP model of order processing based on price feeds from the largest providers.

TriumphFX website

From its establish TriumphFX main aim was to democratize Forex trading and make it available for any investor, despite his experience or amount of money. Therefore, at TriumphFX you will find a range of account types suitable for beginners or veterans, an effortless platform to execute orders and unparalleled support from the broker, as well as educational materials.

The range of markets available at TriumphFX includes Forex and Metals like Gold and Silver, where currencies transacted across the centralized market through numerous liquidity providers TriumphFX works with.

TriumphFX trading benefits

Nevertheless, even though brokers’ offering looks attractive you should always check the most important information of the broker’s proposal. In this purpose this review covers the following highlights:

Is TriumphFX safe or a scam?

Since TriumphFX was established in Cyprus before it starts its operation legally the firm received a license from CySEC, a local authority that regulates Forex business and firm operating within the financial investment industry. In simple words, it means the broker fully establishes its business according to necessary laws and principals of operation, eventually dedicated to protect clients and enable market integrity.

Also, CySEC regulatory standards fully aligned with the European MiFID directive that also enables TriumphFX to offer its service within the EEA zone and beyond.

TriumphFX license

Also, TriumphFX as a regulated broker is a constantly overseen Forex broker, which can be fined in case any laws or rules are not maintained which in reverse bringing you, as a trader, a safe trading environment. In addition, TriumphFX as any other regulated by CySEC broker participates into compensation scheme that covers clients’ accounts in case of the company insolvency.

TriumphFX Trading Platforms

The market leader MetaTrader4 will be your platform if you decide trading with TriumphFX. This choice is not a surprise or something negative, since the majority of world traders retail or professionals using this technology and software, as well as developing numerous add-ons, tools and additional features to enhance its already powerful capability. Therefore, trading with TriumphFX strong technology based on STP execution you will also be able to deploy a strategy that works the best for you.

TriumphFX platform

Obviously, MT4 is not the same if you will compare software between two brokers, as the company decides if to add extra features or not, include some of the capabilities or not, as well as make it available for free or with extra charge. Eventually, TriumphFX made MT4 upgraded version available for all its users free of charge, so you may benefit even more. Also, there are different versions suitable for any device, so you remain updated from any location or on-the-go with automated trading capabilities or manual strategies, or by using MetaTrader Terminal for Money managers.

What are TriumphFX Fees and Account Types?

There are three account types designed by TriumphFX – Standard, Gold and Premium. All accounts features the same competitive trading conditions and available services, while higher grade account will add on extra benefits. Alike Gold account users may benefit from Webinars held by TriumphFX and Premium traders getting Markets Analysis 1 vs 1, etc.

TriumphFX accounts

TriumphFX spread

TriumphFX defined its pricing strategy based on low spreads and a fractional trading basis, so you will benefit from better pricing all performed with trading consistency TriumphFX provides. Generally, fees or spread depending on the account type since higher grade account may feature some discounts, yet generally starting from 0.1 pip.

See some of the TriumphFX spread examples below, also you may compare fees to another popular broker Rubix FX. And of course, always consider rollover or overnight fee as a cost, which is about 2.5% fee or refunds depending on the direction of the position you take.

TriumphFX spread

TriumphFX Leverage

TriumphFX Reviews shows that brokers’ leverage ratios are set to a standard level allowed for European traders since ESMA significantly restrict the use of leverage for retail traders. Therefore, the maximum level is set to a 1:30 for major currency pairs and even lower for other instruments. And of course, always learn how to use leverage smartly in order not to fall under inefficient risks.

In case you are a professional trader, there is availability to access high leverage ratios like 1:500, which is available once the status is proved.

What Deposit and Withdrawal Methods TriumphFX uses?

Another very important part of our TriumphFX review is how to transfer money from or to your trading account. Eventually, all account management happens through an online field while TriumphFX made is possible to process the transaction via Cards, Bank Wire or Skrill, Neteller.

TriumphFX minimum deposit

As for the minimum deposit amount, the first grade STP account at Rubix requires 500$ as a start, while other accounts deploy higher levels of first deposits.

TriumphFX funds withdrawal

TriumphFX withdrawal fee

As for the transfer fees, make sure to check conditions in detail with the payment provider and broker respectively as various jurisdictions may apply different rules due to international policies. Overall, TriumphFX defines no commission for deposits via Bank wire and e-wallets, while Card payment will add on 3$ fee.

Withdrawals will occur some fees, which are waived by the payment provider himself and remaining your responsibility, see terms below.

Conclusion on TriumphFX

Overall TriumphFX review presented us another Cyprus regulated broker with balanced conditions suitable either for beginning or professional traders. The broker uses technology and pricing strategy smartly, so TriumphFX has all the necessary conditions for your successful trading performance either it is powerful conditions or support from the company.

Nevertheless, let us know your opinion about TriumphFX, share your experience and do not hesitate to ask for additional information if necessary in the comment area below.

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