TriumphFX Review

TriumphFX

TriumphFX

www.triumphfx.com

  • Leverage: 1:30

  • Regulation: CySEC

  • Min. Deposit: 100 US$

  • HQ: Cyprus

  • Platforms: MT4

  • Found in: 2010

TriupmhFX Licenses

Triumph Int. (Cyprus) Limited. - authorized by CySEC (Cyprus) number 293/16

Triumph Int. Limited - uthorized by FSC (Vanuatu) License number: 17901

Top 3 Forex Brokers

  1. What is TriumphFX?
  2. Is TriumphFX safe or a scam?
  3. Leverage
  4. Accounts
  5. Market Instruments
  6. Trading Fees
  7. Deposits and Withdrawals
  8. Trading Platform
  9. Customer Support
  10. Education
  11. Conclusion

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.

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.

ProsCons
Broker with good record and establishment under European lawsSupport not available 24/7
Low Forex fees and good conditionsNo Stocks trading, limited number of instruments
Mainstay on customer popular MT4Conditions vary according to brokers’ regulation
In-house analysis free of chargeWithdrawals are not free
Dedicated Support and account manager
Professional and regular accounts

TriumphFX website

10 Points Summary
🏢 HeadquartersCyprus
🗺️ RegulationCySEC
📉 InstrumentsForex and precious Metals
🖥 PlatformsMT4
💰 EUR/USD Spread0.6 pips
🎮 Demo AccountIncluded
💰 Base currenciesSeveral currencies offered
💳 Minimum deposit100$
📚 EducationMarket Analysis, News and Economic Calendar with research
☎ Customer Support24/5

Why trade with TriumphFX

TriumphFX trading benefits

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.

ProsCons
CySEC regulated international brokerInternational 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.

International trading

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 license

Leverage

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.

Account Opening

ProsCons
Fast digital account openingNo ECN trading
Three Accounts offered
Demo Account
Variable spread accounts

Account types

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.

TriumphFX accounts

Instruments

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 instruments

Fees

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.

ProsCons
Low Forex feesConditions may vary in particular entities
Variable spread
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
Asset/ PairTriumphFX FeesFortrade FeesAvaTrade Fees
EUR USD0.6 pips2 pips1.3 pips
Gold2.2 pips4540
Inactivity FeeYesYesYes
Fee rankingLowHighAverage

TriumphFX spread

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.

ProsCons
No deposit feesMinimum deposit and conditions vary according to the entity
Low deposit requirementWithdrawals 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.

Withdrawals

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.

TriumphFX funds withdrawal

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.

ProsCons
User friendly softwareNo trading alternative
Mainstay on MT4
Versions suitable for Web, Mobile and Desktop trading
Fee Report
MAM accounts
Supporting numerous languages

Web Platforms

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.

Desktop 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 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.

Mobile Platform

TriumphFX platform

Customer Support

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.

ProsCons
Quality customer support with live chatSupport not available 24/7
Fast response within working hours
Multilingual support

Education

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.

ProsCons
Free Demo accountNo beginners courses and deep learning materials
Trading Essentials and Analysis
Good range of trading tools
Economic Calendar and News Feed

TriumphFX analysisConclusion

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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6 responses to “TriumphFX”

  1. What is the relation between Triumphfx(cyprus) and Triumphfx limited? as i know the Triumphfx (cyprus) was a retail business and the Triumphfx limited was fund manager. is it this both are under the same broker company? Many of people said that triumphfx limited was a scammer scheme. Please advised. Thank You

  2. Scam? i trade with truimphfx limited since year 2016 & i don’t have any problemb to withdraw my profit from their fund manager exp like GM trader, so far they makes tons of profits for me, i don’t see any scam at all..

  3. This is scam. They let me invest. When i widraw i need to pay 10% and after i pay the commision i need to pay bitcoin again. And they block me all of my account and i didnt get my profit. So tell me this is scam or not. Give me my money.

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