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TriumphFX

WikiFX | 2021-05-10 17:53

Abstract: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 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

LeverageBrokerCurrency PairDealerForex BrokerForex tradingForex Currency pairleverage in forexforex pipsforex marketcommoditiesMT4

Related broker

Scam Brokers
TriumphFX
Company name:TRIUMPH INT. (SC) LIMITED
Score
1.63
Website:https://www.tfxi.com/en
Scam Brokers | 5-10 years | Suspicious Regulatory License | Suspicious biz area
Score
1.63

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