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TriumphFX

Seychelles
Entry Time 2018-02-02
2018-02-02Input
https://www.tfxi.com/en
https://www.tfxi.com/en
Exposure

Time Machine

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2023 years 11 Month
2023-11
Time2023 years 11 Month
Time2023 years 11 Month
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Pyramid scheme complaint
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    TriumphFX · Company Summary

    TriumphFX Review Summary
    Registered On2008-01-12
    Registered Country/RegionSeychelles
    RegulationSuspicious Clone
    Market InstrumentsForex, Indices, Commodities
    Demo Account/
    LeverageUp to 1:500
    Spread0.5 (Typical, EURUSD)
    Trading PlatformTriumphFX Mobile App
    Min Deposit$100
    Customer SupportFacebook, Instagram

    TriumphFX Information

    TriumphFX is a No Dealing Desk (NDD) broker that offers trading in Forex, Indices, and Commodities. It supports multiple flexible trading accounts with spreads as low as 0.5 pips and leverage of up to 500x.

    TriumphFX

    Pros and Cons

    Pros Cons
    Leverage up to 1:500Suspicious Clone
    Flexible account optionsMT4/MT5 unavailable
    Spread as low as 0.5 pips
    Muslim accounts available

    Is TriumphFX Legit?

    Regulated CountryRegulated AuthorityRegulated EntityLicense TypeLicense NumberCurrent Status
    Regulated
    FCAShine Trades Limited (CY) LtdEuropean Authorized Representative (EEA)763697Revoked
    Regulated
    VFSCTriumph Int. LimitedRetail Forex LicenseStraight Through Processing (STP)17901Revoked
    Regulated
    CYSECShine Trades Limited (CY) LtdStraight Through Processing (STP)293/16Suspicious Clone

    What Can I Trade on TriumphFX?

    TriumphFX offers various market instruments, including Forex, Commodities, and Indices.

    Tradable Instruments Supported
    Forex
    Commodities
    Indices
    Cryptocurrencies
    Precious Metals
    Shares
    ETFs
    Bonds
    Mutual Funds
    Instruments

    Account Type

    Account Type Standard FixedStandard floatingMuslim Floating
    Minimum deposit$100$100$100
    Spread TypeFfixedFloatFloat
    Typical Spread (EURUSD)1.61.61.6
    Swap ChargesYesYesNo
    Commission FeesNoNoNo
    Maximum leverage1:5001:5001:500
    Account Type Premium Platinum Muslim PlatinumVIP
    Minimum deposit$500$200$2000$5000
    Spread TypeFloatFloatFloatFloat
    Typical Spread (EURUSD)0.60.60.60.5
    Swap ChargesYesYesNoYes
    Commission Fees$6$3NoNo
    Maximum leverage1:5001:5001:5001:500
    Account

    TriumphFX Fees

    The spread of the VIP account is as low as 0.5 pips. Different accounts have varying commissions, ranging from $0 to $6.

    spread

    Leverage

    The maximum leverage is 1:500,meaning that profits and losses are magnified 500 times.

    Trading Platform

    TriumphFX supports trading via a mobile app, but does not provide third-party platforms such as MT4 and MT5.

    Trading PlatformSupported Available Devices Suitable for
    TriumphFX Mobile AppiOS, Android/
    platforms

    Deposit and Withdrawal

    Deposit

    Deposits are supported via online bank transfers, Visa/MasterCard, Alipay, cryptocurrencies, or other methods. Deposits will be processed within 2-3 working days from the date the funds are sent from the bank account. For any deposit equal to or exceeding $500, TriumphFX will reimburse a maximum of $70 for intermediary bank fees.

    Withdrawal

    Withdrawal processing takes 2-5 working days, and all withdrawals are subject to intermediary bank fees ranging from $25 to $75 per transaction.

    Deposits

    News

    TriumphFX Rebrands to Continue Global Fraud: Over RM80 Million Lost

    ExposureTriumphFX Rebrands to Continue Global Fraud: Over RM80 Million Lost

    06-06

    The notorious forex investment company TriumphFX, previously exposed for running a global scam operation for over a decade, is now being accused of rebranding itself to continue defrauding unsuspecting investors. Despite being unregulated and based offshore in Seychelles, TriumphFX has actively targeted Malaysian investors, luring them with false promises and eventually converting funds into cryptocurrency, making recovery nearly impossible.

    WikiFX
    06-06
    Exposure
    TriumphFX Rebrands to Continue Global Fraud: Over RM80 Million Lost
    TriumphFX Forex Scam Costs Malaysian Victim RM120,000

    ExposureTriumphFX Forex Scam Costs Malaysian Victim RM120,000

    06-06

    “That money was meant for my wedding and to buy a house. Now, it's all gone…”

    WikiFX
    06-06
    Exposure
    TriumphFX Forex Scam Costs Malaysian Victim RM120,000
    TriumphFX Faces 29 Exposure Reviews on WikiFX

    ExposureTriumphFX Faces 29 Exposure Reviews on WikiFX

    06-05

    TriumphFX faces scrutiny with 29 exposure reviews on WikiFX, revealing regulatory warnings from ID BAPPEBTI, VU VFSC, SG MAS, and MY SCM, plus user complaints about withdrawal issues and fraud concerns.

    WikiFX
    06-05
    Exposure
    TriumphFX Faces 29 Exposure Reviews on WikiFX
    TriumphFX Scam: RM23.7M Lost in Investment Fraud Syndicate

    NewsTriumphFX Scam: RM23.7M Lost in Investment Fraud Syndicate

    02-28

    Over RM23.7 million was lost in the TriumphFX scam. 72 police reports filed as syndicate lures victims via Zoom with 4-7% monthly returns.

    WikiFX
    02-28
    News
    TriumphFX Scam: RM23.7M Lost in Investment Fraud Syndicate
    TriumphFX Faces CySEC Action Over Shareholder Issues

    NewsTriumphFX Faces CySEC Action Over Shareholder Issues

    2023-12-22

    CySEC takes action against TriumphFX over shareholder concerns. Regulatory crackdown on investment firm. Protecting investors' interests.

    WikiFX
    2023-12-22
    News
    TriumphFX Faces CySEC Action Over Shareholder Issues
    Controversy Surrounds TriumphFX's Launch of Virtual Currency TFX

    NewsControversy Surrounds TriumphFX's Launch of Virtual Currency TFX

    2023-02-28

    TriumphFX's recent launch of a virtual currency called TFX. Critics have claimed that TFX is part of a Ponzi scheme, designed to prevent investors from withdrawing their funds. Additionally, the platform has been accused of engaging in continuous brainwashing to promote TFX as a long-term investment opportunity in various social media groups.

    WikiFX
    2023-02-28
    News
    Controversy Surrounds TriumphFX's Launch of Virtual Currency TFX
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