But make sure you know the volume ratio of risk involved with CFD trading. Whether you are a beginner or a professional trader, Triumph can be the best choice for you. The broker provides you access to 60+ currency pairs, each with major, minor and exotic currency pair options. You find TriumphFX your one-stop solution, especially if you are a forex trader. TriumphFX is licensed by the Cyprus Security Exchange Commission – one of the trusted regulations in European and other nations.
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. The withdrawal fee structure is somewhat complex because you don’t pay any commission when withdrawing money via bank wire. However, if you withdraw through Visa or Mastercard, you may incur a fee of up to 3 USD (or 2 EUR/GBP) with no specified amount limit.
How to deposit from Triumphfx?
You are not required to submit a real amount in your virtual trading account. If we talk about the trading platform, TriumphFX offers you MetaTrader 4 access. You can use this industry-standard trading platform to execute orders, conduct market analysis, and so on.
☎ Customer Support
It seems like everyone is very helpful until it comes to withdrawing money. If you’re thinking about trading online, DO NOT join triumphantexchange. I joined in February and when I wanted to make a withdrawal they blocked my Acc and asked me for 10 percent deposit again before.
TriumphFX forex broker
I have been investing since 2014 till now, withdrawal to local bank only take less than 2 days, and everything is fine till today. 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. Cyprus regulated offering via triumphfx.com website is available again. Anyway, we recommend staying alert and doing your own research about TriumpFX before signing in with the broker.
TriumphFX fees compared to AvaTrade fees
It has been included on warning lists and claims of being a part of a possible Ponzi scheme despite regulatory licences. Therefore, we advise you to proceed with care and look into other brokers. Additionally, TriumphFX is on the list of companies that received red warnings from Singapore and Indonesia financial agencies. Log in to your trading account and go to the Withdrawals Section. To get help choosing the best-suited account, please refer to the account comparison table below. In addition to spread charges, the broker also charges commission and rollover charges, which are slightly higher than other CFD brokers.
An example on the TriumphFX website suggests the trader receives 40% of generated profit, with the remaining 60% shared with TriumphFX affiliates. All funds were returned & refunded to investors after its closure. Its closed down by the broker to comply with Seychelles Regulations.
- TriumphFX has no retailable products or services, with affiliates only able to market TriumphFX affiliate membership itself.
- Allegations suggest TriumphFX’s business model in Asia resembles a Pyramid Ponzi Scheme.
- If you’re thinking about trading online, DO NOT join triumphantexchange.
- Europe-based clients can use TriumphFX without any hassles.
However, we do not recommend investors trust the company as they typically would with a broker authorized by FCA, SEC, and other top-tier regulators. In the entire review, we have addressed the TriumphFX trading account and its significance in various stages. So now, let’s explore the account type available at the trading platform. The broker offers free access to its clients on the virtual trading platform. A virtual trading platform or demo account is like a cherry on the top.
- Trading conditions are good, CS is fast + they plan to add some new trading instruments.
- Such as, payments made via MasterCard or any type of card are subjected to charges up to $3.
- Alexa currently estimate that 76% of traffic to the TriumphFX website originates out of Malaysia.
How Long Is TriumphFX On The Market?
However, it offers to trade through WebTrader, MT4 and a dedicated TriumphFX mobile app. The broker provides an NDD and STP order processing model based on price feed from the largest liquidity providers. However, despite holding a European license, the broker is restricted to provide services in over 30+ countries across Asia and the European region.
The broker may gm trader triumphfx seem legitimate, but its inclusion in financial agencies’ grey lists means there is a risk of being scammed, as per our findings from the detailed TriumphFX Review. TriumphFX is not a scam because of its heavy regulatory licenses to operate in the financial market. The brokerage company is authorised and regulated by the Cyprus Securities Exchange Commission under license number 293/16, which can be evidence of its legitimacy. However, some of its offshore branches have uncertain regulations that raise concerns about its legitimacy. 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 is a reliable CySEC regulated broker with a good trading platform, costs, and easy account opening also various funding methods are supported.
This website is free to use but we may receive commission from some of the merchants mentioned. The inclusion of Interactive Brokers’ (IBKR) name, logo or weblinks is present pursuant to an advertising arrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and is not responsible for the accuracy of any products or services discussed. Good broker..i just follow our fund manager since 2 years ago and get consistant profit until now..deposit and withdraw no problem at all.
He has a passion for finance and business and is the CEO of Minho Investment Association, a junior initiative from Portugal.
However, this choice isn’t surprising because most online trading platforms have at least one Meta Trader trading platform to offer. The broker doesn’t have much to offer regarding research and educational tools. The limited list of resources may distress beginner traders.
