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TriumphFX -

Score

1.63 /10
Danger

TriumphFX

Seychelles

Scam Brokers

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Vanuatu Retail Forex License Revoked

High potential risk

https://www.tfxi.com/en

Influence

C

Add brokers

Comparison

Quantity 29

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.90

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

More

Danger

ID BAPPEBTI
2022-02-02
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
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Danger

VU VFSC
2021-10-01
Notice of Fraud Certificates of the Financial Dealers License
TriumphFX

Warning

SG MAS
2021-08-04
Investor Alert List
TriumphFX
Triumph FX

Broker Information

More

Company Name

TRIUMPH INT. (SC) LIMITED

Company Abbreviation

TriumphFX

Platform registered country and region

Seychelles

Company website

Facebook

Instagram

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

This platform is a Ponzi Scheme. Please stay away! 10
Previous Detection : 2025-06-14
  • This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
  • The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.

WikiFX Survey

Danger

TriumphFX

Cyprus

WikiFX Verification

Exposure

29 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Haven't been able to withdraw since May?

Haven't been able to withdraw money since May? what should I do?

2022-08-10 16:33
Unable to Withdraw

Ping An is totally broken

Ping An has forbidden the trading and cannot withdraw now. Some investors has not received their withdrawal from May.

2022-07-17 19:34
Resolved

Unable to withdraw

Withdrawal has not arrived for more than one month. It is cancelled. Some people received some amount of withdrawal. Some people never receive anything.

2022-07-02 17:19
Unable to Withdraw

Scamsafety

the scammed happened 3 month ago , they are scummers & frauds, if you being get profits they start put ur account under review its mean they will create any story to close ur account and not give u ur money

2023-03-07 00:01
Unable to Withdraw

The withdrawal that passed on June 20th has not been received till now

The withdrawal that passed on June 20th has not been received for a month.

2022-07-17 02:10
Unable to Withdraw

Unable to withdraw

Now I have been defrauded of about 1 million, all of which are made by loans, and I can no longer survive. please help me

2022-09-28 13:40
Unable to Withdraw

I lost my $5,000 to this mercy less Fraudster!

I was wating for 2 month for withdthraw, and my account was just closed. Lost almost 5k$.I don't have any news about them. Please help end to put end to this Fraudsters!

2021-09-14 13:35
Unable to Withdraw

The platform is unable to withdraw. Retrieve all your principle

In May 2022, I began to trade at the DEX foreign exchange platform. At that time, it was operated by the Rajes team. Within two months, the platform said that the cooperation with the team was canceled, and all withdrawals and deposits were blocked. As of 10.16, the principal of RMB 60,000 has not been refunded, and we are now applying for a complaint. I hope investors will stop trusting this DEX platform!

2022-10-16 15:59
Unable to Withdraw

Lost million of fund

The equivalent of 1.45 million CNY cannot be withdrawn. What should I do now?

2022-08-05 08:17
Unable to Withdraw

Unable to withdraw

Submit the request on June 22 and cannot withdraw till now. What to do? Should I just keep waiting? Just like HIIFX and tr?

2022-07-19 13:41
Unable to Withdraw

Unable to withdraw

The withdrawal has been approved for more than 20 working days, but it has not arrived yet. It just offer small withdrawal to stablized the situation. They do not make large withdrawal.

2022-06-14 20:25
Unable to Withdraw

Ruthless company

I went ahead to invest $25,000 from a loan I had taken out as I was desperate but even at that they wanted me to increase my deposit in order to secure a safe spot in the market and avoid loss of capital but it was all a lie because withdrawal was still impossible Filing a compliant through fintrack/ org relief program explained what to do and how to go about getting my investment returned so Investors should never feel confident about their investment on TriumphFX

2022-08-06 00:34
Unable to Withdraw

Serious slippage

Serious slippage, causing huge loss. There is no consequence after contacting the customer service.

2022-06-17 11:08
Resolved

Unable to withdraw

Withdrawal has not arrive for more than a month. It is still unable to withdraw even I change to another fund team. It is another month.

2022-07-13 14:30
Unable to Withdraw

Submit on June 6 and reviewed on June 7th

Submit on June 6 and reviewed on June 7th. It has not arrived for more than one month. The customer service said that they made the transfer one month ago, but it has not arrived and still delaying.

2022-07-18 19:40
Scam

Tri element EA management is a scammer. He's from

Tri element EA management is a scammer. He's from indonesia. He has telegram as well t.me/TradeWithMyF1 His skrill id yuga_binangkit@yahoo.com He claims that his EA give 20% to 30% monthly profit and draw down will be only 10% to 30% monthly on a $500 account with one pair. I purchased his EA and tested it on a vps with default settings (as he told to use this settings only) but it gave $250 draw down on a $5000 account balance. Which is equal to 50% if I had used $500 account balance.

2021-08-23 06:12
    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 App✔iOS, 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

    ExposureTriumphFX Rebrands to Continue Global Fraud: Over RM80 Million Lost

    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
    2025-06-06 12:16
    TriumphFX Rebrands to Continue Global Fraud: Over RM80 Million Lost

    ExposureTriumphFX Forex Scam Costs Malaysian Victim RM120,000

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

    WikiFX
    2025-06-06 12:11
    TriumphFX Forex Scam Costs Malaysian Victim RM120,000

    ExposureTriumphFX Faces 29 Exposure Reviews on WikiFX

    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
    2025-06-05 14:38
    TriumphFX Faces 29 Exposure Reviews on WikiFX

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

    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
    2025-02-28 17:33
    TriumphFX Scam: RM23.7M Lost in Investment Fraud Syndicate
    About More

    User Reviews

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    User comment

    17

    Comments

    Write a review

    nerdy
    more than one year
    I just call my agent and asked about the investment and i would like to withdraw my fund and been told I can't, I was shock and asked why? mentioned money was hold by bank and the value dropped but as today USD rate went up and what's happening? I'm not sure who to talk to but I think need to have proper updates new to the investor, so that we know what's the plan for this platform and how can we withdraw the fund and when can we?
    I just call my agent and asked about the investment and i would like to withdraw my fund and been told I can't, I was shock and asked why? mentioned money was hold by bank and the value dropped but as today USD rate went up and what's happening? I'm not sure who to talk to but I think need to have proper updates new to the investor, so that we know what's the plan for this platform and how can we withdraw the fund and when can we?
    Translate to English
    2024-03-22 16:37
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    John59949
    more than one year
    Never try this Triumph FX, a notorious illegal broker. Been scammed by this broker two years ago and I would never forget how they stole my money and how they treated me!
    Never try this Triumph FX, a notorious illegal broker. Been scammed by this broker two years ago and I would never forget how they stole my money and how they treated me!
    Translate to English
    2023-02-27 12:23
    Reply
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