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.
From its established 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.
Broker with good record and establishment under European laws
Support not available 24/7
Low Forex fees and good conditions
No Stocks trading, limited number of instruments
Mainstay on customer popular MT4
Conditions vary according to brokers’ regulation
In-house analysis free of charge
Withdrawals are not free
Dedicated Support and account manager
Professional and regular accounts
10 Points Summary
Forex and precious Metals
Spreads are low
Several currencies offered
Market Analysis, News and Economic Calendar with research
During working hours
Why trade with TriumphFX
Is TriumphFX safe or a scam?
When it comes to online trading, security is paramount to understanding that your capital is secured and protected by the law regulations.
CySEC regulated international broker
International proposal performed with offshore entity
Global coverage and proposal with crossborder authorization
Negative Balance Protection
Is TriumphFX legit?
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 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 a compensation scheme that covers clients’ accounts in case of the company insolvency.
Nevertheless, international proposal running through additional offices in Vanuatu and BVI, or Triumph Int. Limited where conditions are different and applicable to recently updated in laws and regulations. If before trading with offshore zones were very risky, now jurisdictions made measures sharper and together with additional regulatory establishment from Europe we see it is a reliable one.
TriumphFX Reviews shows that brokers’ leverage ratios are set to a standard level allowed for European traders since ESMA significantly restricts 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.
Fast digital account opening
No ECN trading
Three Accounts offered
Variable spread accounts
There are three account types designed by TriumphFX – Standard, Gold and Premium. All accounts feature 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.
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. Indeed, this range is rather limited, so if you wish to trade Stocks, Futures or more Commodities check out other regulated broker reviews better.
TriumphFX defined its pricing strategy based on low spreadsand a fractional trading basis, so you will benefit from better pricing all performed with trading consistency TriumphFX provides.
Low Forex fees
Conditions may vary in particular entities
Micro Lot trading available
Scalping and hedging allowed
Find on Forex fees
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 FXTM.
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.
Trading Fees of TriumphFX vs Similar Brokers
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.
No deposit fees
Minimum deposit and conditions vary according to the entity
Low deposit requirement
Withdrawals add on fees
Wide range of payment methods
What is the minimum deposit for TriumphFX?
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.
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.
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.
User friendly software
No trading alternative
Mainstay on MT4
Versions suitable for Web, Mobile and Desktop trading
Supporting numerous languages
MT4 available in various versions, so you can either use directly from your browser and trade through simplified conditions and tools. Or for extensive strategies full range of tools go for desktop platforms, along with the mobile app allowing you to say updated on the go.
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 versions 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.
Of course, as any broker TriumphFX supporting g its clients in various ways and available only through working hours with its Cyprus office. Even though, the team is not available 24/7 or on weekends, we found its answers quick and relevant via Live chat or phone lines.
Quality customer support with live chat
Support not available 24/7
Fast response within working hours
As for the education and learning materials, we found through our TriumphFX Review also a limited range of learning courses or videos. You will find Forex Essentials, Forex Glossary, Economic Calendar and research tools with in-house designed Analysis and News feed. Eventually, that is all what available so fr very beginner we would recommend signing with a third-party provider for an extensive course to understand trading from the scratch.
Free Demo account
No beginners courses and deep learning materials
Trading Essentials and Analysis
Good range of trading tools
Economic Calendar and News Feed
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. However, some of the downsides could be limited education materials, as well as instruments, range offering only Forex and Precious metals.
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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