Referral clients sent by any advertising partner of TriumphFX can also access trading facilities at discounted prices. But a special treat is offered to TriumphFX’s affiliates and advertising partners. Few transactions are free of cost, while few payment methods have underlying rules and conditions. After getting a brief overview of the broker through this TriumphFX Review, let’s focus on mobile users’ experience with TriumphFX. Before we start rounding up the key features, facilities, and benefits of Triumph FX in this TriumphFX Review, it’s necessary to get a brief overview of the broker’s performance in the past. TriumphFX’s recent launch of its exclusive coin within its exchange has surprised its participants and left them powerless.
- What transpired was that, at the coin’s launch, there was a correction to its price, around 0.60 USD, far from the company’s pledge.
- There’s one Fund Manager called Victoria Trader since 2017…..they were trading & profiting for investors.
- Unfortunately, we encountered issues as the demo account did not function as expected, as evidenced in the screenshot below.
- In Forex trading, you are offered access to 60+ currency pairs and are allowed to trade in all major, minor, to exotic options.
In order to start trading with TriumphFX, you have to deposit at least 100 USD (Trading accounts can also be held in EUR, USD, GBP). There’s also a $25 to $75 withdrawal fee to discourage people pulling money out of the system, on top of not really knowing who runs TriumphFX. Taking a step back, there’s also the issue of TriumphFX offering no retail products or services. Off the bat 5% of invested gm trader triumphfx funds are paid out as a referral commission. TriumphFX affiliates earn a 5% referral commission when personally recruited affiliates invest.
Education and research tools offered by TriumphFX
Been seeing the profits for 2 cycles already but haven’t withdraw as my plan is to reinvest it back. Hi Impy,You can browse to the homepage of both triumphfx.com and tfxi.com. Scroll to the bottom of the page to realize triumphfx.com is regulated under Cyprus license while tfxi.com is regulated under Vanuatu license. However, some of the downsides could be limited education materials, as well as instruments, range offering only Forex and Precious metals, and withdrawal adds on fee.
What Leverage Does TriumphFX Provide?
The company claims that skilled traders and advanced algorithms make its trades; however, the promised returns may be unrealistic and unsustainable, casting doubt on the legitimacy of TriumphFX. As a matter of fact, the domain tfxi.com is still in use by TriumphFX today (the other one – tfxglobal.com – is for sale at the time of writing). While this doesn’t conclusively prove anything, it could be considered evidence of a potential relationship between the companies. Getting market insights is also easy on the TriumphFX trading platform. The broker predominantly deals in forex and precious metals alone. You cannot invest in cryptocurrency with the TriumphFX trading platform.
If you want to trade using the broker’s currency, you should keep track of the Triumphfx coin price predictions through platforms like Coinmarketcap. The broker charges a specific fee for each transaction placed on the platform. There are Spread charges, Commissions and non-trading fees. However, with each upgraded account, you can discount spreads. Clients who have attached fund to the fund managers will be entitled for profit sharing based on the total fund clients have attached.
Most Wanted (7 days)
Still, there are certain things you must consider re-checking. The other three are premium accounts named Classic Account, Gold Account, and Premium Account. In addition, a brief tutorial on the forex market and related strategies are also available inside. To simply put, the broker makes a Forex glossary available to its clients – the best thing for beginners.
- You are not required to submit a real amount in your virtual trading account.
- But make sure you know the volume ratio of risk involved with CFD trading.
- 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.
- TriumphFx is a reliable CySEC regulated broker with a good trading platform, costs, and easy account opening also various funding methods are supported.
- Since its inception, the broker has constantly updated the trading instruments list.
- Educational facilities and demo accounts are the noteworthy features of TriumphFX.
TriumphFX Review (
TriumphFX traders purportedly generated profits via the third-party MetaTrader 4 forex trading platform. Trending Brokers accords traders and investors with some of the best hand picked brokers that can harvest their needs for booking profits in the world of financial market. This detailed TriumphFX review 2024 found that the broker is a scam and unworthy of your trust. There are many other reasons to avoid this broker – firstly, the broker’s regulations raise red flags, and there is no customer support & limited product offerings are probably its biggest drawbacks. The broker’s account offering deserves our appreciation, as plenty of account types are available for every sort of trader. The broker also offers a free demo account and a Swap-free Islamic account for Muslim traders.
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. However, for a beginner, $100 is above average deposit commission because other online trading platforms have free access for their clients. Overall, we don’t recommend our readers to trade with this broker. The broker is well-regulated and offers comprehensive trading services and professional customer support. However, it is always advisable to conduct due diligence before choosing any trading platform. MetaTrader 4 is the main trading platform offered by TriumphFX to its clients.
On the other hand, opting for Neteller or Skrill will result in a 1% commission, with a maximum withdrawal limit of 12,000 USD/EUR/GBP. Despite the regulations mentioned earlier, there were already some warning signs about the company that appear to have been ignored by the regulators mentioned before. Most of the problems come from subsidiaries that allegedly directly relate to the company and are targeted at non-English speakers, more precisely Asian investors. Pretty new broker, but it has already established itself as a great and reliable company. Trading conditions are good, CS is fast + they plan to add some new trading instruments. I’m happy with them, so I plan to stay here for a long time.
Cyprus
Also, the trading account has been tailor-made to meet the exact requirements and trading styles of traders. Unfortunately, TriumphFX doesn’t have exciting offers, deals, or promotions that insist you on landing at this trading platform in a hurry! Unlike other trading platforms, we don’t see any complexities related to the transaction at TriumphFX.
Account types
Whatever the reasons are, this detailed TriumphFX review 2024 will give a clear overview of the broker. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Some trading might be verifiable through MT4, but otherwise there’s far too many unknowns and suspicious activity within TriumphFX to take it seriously as a legitimate MLM company. Other than trying to cover up something dodgy going on, there’s no legitimate reason to prohibit investment from US residents. These pools are purportedly funded by commission payouts, yet again there’s no confirmation on the TriumphFX website. Note that these are minimum funding amounts, an affiliate is free to invest beyond these amounts.