TriumphFX Broker Reviews and Full Information

What exactly is TriumphFX?

TriumphFX is an Cyprus brokerage company which provides high-quality investment and trading solutions with its highly regulated environment and competitive terms. The company has been operating since 2010 and has demonstrated its professionalism towards investors institutions, traders and traders through its impressive STP, NDD and STP models of order processing based upon price feeds from some of the largest companies.

Since its inception, TriumphFX principal goal was to open up Forex trade and to make it accessible to anyone, regardless of level of experience or the amount of money. Thus, at TriumphFX you can find a wide range of account types that can be used by newcomers or experienced traders and a user-friendly process to make orders and an unmatched support system from the broker and educational resources.

TriumphFX Pros and Pros and

TriumphFx is a trusted CySEC licensed broker that offers a good trading platform, prices and simple account opening. There are numerous funding methods that are supported.

However, some negatives are the lack of education materials, in addition to an instruments that only offer Forex and precious metals and withdrawals incur a fee.

10 Points Summary

Why do you want to trade with TriumphFX

Is TriumphFX secure or a fraud?

In the case of transactions on the internet, it is essential to be aware that your money is protected and secured by law-enforcement regulations.

Is TriumphFX legitimate?

Since TriumphFX was founded in Cyprus prior to beginning its business legally, the company obtained an licence from CySEC the local authority which regulates Forex business and the firm that operates in the field of financial investment. Simply put it means that the broker is able to conduct its operations in accordance with the necessary regulations and principles of operation and is eventually devoted to safeguarding clients and ensuring the integrity of the market.

Additionally, CySEC regulatory standards fully are in line with those of the European MiFID directive which allows TriumphFX to provide its services in the EEA zone as well as beyond. But, this kind of regulation is not allowing TriumphFX to provide its services in countries like, Malaysia, where the broker is not legally regulated.

TriumphFX as a broker that is regulated is monitored continuously Forex broker that could be penalized if any rules or laws are not followed, thereby providing traders an environment that is safe for trading. Additionally, TriumphFX as any other licensed by CySEC broker, is part of an incentive scheme that protects clients accounts in the event of company bankruptcy.

International trade

However, there is an international plan that is being implemented through office located in Vanuatu and BVI as well as Triumph Int. Limited under the domain https://www.tfxi.com/. The conditions for trading in this case are different and may be subject to different rules and rules. It is always risky to trade in offshore zones, and we must not forget that trading through a Triumph Int. Limited subsidiary isn't safe.

Leverage

TriumphFX Reviews shows that brokers leverage ratios are set at a amount that is acceptable for European traders, since ESMA severely restricts any leverage use by retail traders. So, the maximum limit is set at the level of

• 11:30 for major currency pairs, and lower in other currencies

Also, never forget to learn to utilize leverage effectively to ensure that you don't be a victim of inefficient risk.

If you're an experienced trader you can gain access to the highest leverage ratios, such as 1:500 which can be accessed once your status is established.

Account Opening

Types of accounts

It has three types of accounts offered by TriumphFX Standard Gold, Standard, and Premium. All accounts come with the same trading conditions as well as the same services available as well as higher-grade accounts comes with additional advantages.

Like Gold account holders can gain from webinars hosted through TriumphFX or Premium traders receiving Markets Analysis 1 vs 1. etc.

Instruments

The variety of markets that are available at TriumphFX include Forex in addition to Metalslike the Gold and Silver currencies are traded on the central market via a variety of liquidity providers TriumphFX collaborates with. In reality, the range of options is not extensive which is why if you'd like to trade stocks, Futures or more Commodities look into other broker reviews more thoroughly.

Fees

TriumphFX has defined its pricing strategy around lower spreadsand the fractional basis for trading, so you'll benefit from more efficient pricing and the trade consistency TriumphFX offers.

Find out more about Forex charges

In general, spreads or fees are based on the type of account as higher-grade accounts may offer discounts, but generally beginning at 0.1 pip.

Take a look at some TriumphFX Spread examples in the following. You might compare rates to another broker that is well-known BDSwiss.

Also, never forget to think about a rolling over or paying overnight fees as a fee, that's about 2.5 percent, or refunds, depending on the direction and direction you choose to take.

Trade Fees of TriumphFX in comparison to Similar Brokers

What deposit and withdrawal methods does TriumphFX utilizes?

A crucial aspect that we cover in the TriumphFX review is how you can transfer funds from or to an account for trading. All managing your account is handled via an online form, and TriumphFX allowed to make the transfer through Cards, Bank Wire or Skrill, Neteller.

Is there a minimum amount of deposit required by TriumphFX?

TriumphFX minimum deposit is500dollars for the first class STP accounts at Rubix Other accounts have higher amounts of deposits in the beginning.

Minimum deposit for TriumphFX in comparison to other brokers

Withdrawals

If you are considering the fees for transfer with TriumpfFX Be sure to review the terms in detail with the provider of payment and broker, as different regions may have different rules based on international regulations. In general, TriumphFX defines no charge for deposits made via Bank wires and electronic wallets as well as Card payment, which will charge a an additional 3$ charge.

Withdrawals may incur charges that are not paid by the payment service provider and remain your responsibility. See the conditions below.

Trading Platforms

The leader in the market MetaTrader4 is your choice of platform if you choose to start to trade with TriumphFX. It's not unexpected or anything negative because the majority of traders in the world are either professional or retail using this software and technology in addition to introducing numerous tools, add-ons and other options to improve the already impressive capabilities.

Thus, trading using TriumphFX robust technology, that is based upon an execution process called STP, you'll be able to choose strategies that work most effectively for you.

Web Platforms

MT4 comes in different versions, which means you can choose to use it directly from your browser or trade using simple conditions and tools. For more extensive strategies, the full toolboxes are available for desktop-based platforms, as well as the mobile application that allows users to stay up to date while on the move.

Desktop Platform

It is evident that MT4 isn't the same as if you test the software against two brokers, since the company determines whether to include additional features or not add some options or none, and making it available at no cost or without cost. In the end, TriumphFX made MT4 updated versions available to everyone without cost and you could get even more benefits.

Additionally, there are various versions that work on every device which means you can stay current from any location and anywhere with the help of automated trading or manual strategies through the use of the MetaTrader terminal for money Managers.

Mobile Platform

Customer Support

Naturally, as with any broker, TriumphFX supports its clients in a variety of ways and only during working hours at their Cyprus office. Although, the team isn't available at all times, or even on weekends, we were able to find its responses quick and useful through live chat or telephone line. 

Education

In terms of education and learning resources We found in the TriumphFX Review also a limited selection of educational courses or videos. There are Forex Essentials, Forex Glossary, Economic Calendar and research tools that are designed in-house Analysis and News feed. All that's left is that is available for a novice traders, we recommend choosing a third party provider for a thorough tutorial to learn about trading from scratch.

Conclusion

For the final TriumphFX review, think about how the broker has a balance of conditions that are suitable for novice or experienced traders. The broker employs technological innovation and a pricing strategy that is well-thought out, so TriumphFX has all the conditions necessary to ensure your trading success whether it's strong conditions or assistance from the company. There are some downsides also, like the lack of a range of instruments.