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.

TriumphFX website

 

10 Points Summary

Headquarters Cyprus
Regulation CySEC
Instruments Metals, Forex and precious Forex
Platforms MT4
Spread EUR/USD 0.6 0.06
Demo Account Included
Base currencies There are a variety of currencies available
Minimum deposit 100$
Education Market Analysis, News and Economic Calendar including research
Customer Support 24/5

Why do you want to trade with TriumphFX

TriumphFX trading benefits

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.

Pros Cons
CySEC International broker is regulated by CySEC International Proposal executed by an offshore entity
Proposal for global coverage that includes cross-border authorization  
Negative Balance Protection  

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.

TriumphFX license

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

Pros Cons
Fast digital account opening There is no ECN trading
Three Accounts available  
Demo Account  
Variable spread accounts  

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.

TriumphFX accounts

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.

TriumphFX instruments

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.

Pros Cons
Fees for forex are low. Conditions can differ in specific organizations
Variable spread  
Micro Lot trading is available  
Hedging and scaling allowed  

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
Asset/ Pair TriumphFX Fees Fortrade Fees AvaTrade Fees
EUR USD 0.6 pip 2 pip 1.3 Pips
Gold 2.2 Pips 45 40
Inactivity Fee Yes Yes Yes
Fee rating Low High Average

TriumphFX spread

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

  TriumphFX The majority of other brokers
Minimum Deposit $500 $500

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.

TriumphFX funds withdrawal

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.

Pros Cons
User-friendly software No other trading option
Mainstay on the MT4  
Versions that are suitable for Web Mobile, Desktop and Web trading  
Fee Report  
MAM accounts  
Supporting a variety of languages  

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

TriumphFX 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.

TriumphFX analysis

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.

Summary
Properties Values
Name
TriumphFX
Minimum Diposit
$ 100
Leverage
500:1
Regulation
CySEC (Cyprus),VFSC (Vanuatu),,,
Headquarters
Cyprus
Established
2016
Address
Lophitis International Center, 2nd Floor. Corner of Soteri Michaelidi and 28th October Street, Limassol, CY-3035, Cyprus
Platform
MT4,,,
Payment Method
Paypal,Visa,Mastercard,Wire,Skrill,Neteller,,,
Overview
Properties Values
Spreads
0.6 pip
Min Position size
0.01
Broker Type
ECN (electronic communications networks),,,
Account Type
Mini account,Scalping,High Leverage,Islamic account,Standard,,,
Brokers by Country
Cyprus Forex Brokers,,,
Techniques
Scalping Forex Brokers,Hedging Forex Brokers,Automated Trading Brokers,Mobile Trading Brokers,,,
Instruments
Forex Trading Brokers,Gold Trading Brokers,Metal Trading Brokers,,,
Account currency
USD,EUR,GBP,AUD,CAD,XAU,JPY,XAG,,USD,,USD,
Tools
Charting Software,,,
Website Languages
en,,,
Support languages
en,,,
Bonus
Yes
Reviews Rating
4.1
Withdrawal Fee
No
Trading Signals
No
Free Education
Yes
Daily News
Yes
Demo account
Yes
Swapsr
Yes
Pors
1. CySEC International broker is regulated by CySEC	
2. Proposal for global coverage that includes cross-border authorization	 
3. Negative Balance Protection
Cors
1. International Proposal executed by an offshore entity
Display Analysis
Yes
Serving country
CY,VU,VG,,,
Not Serving country
BE,,,
Contests
No
Market analysis
Yes
Copy Trading Brokers
No
Bitcoin Forex Brokers
No
Social trading
No
Web trading
Yes
Forex pairs
No
CFDs
Yes
Crypto
No
Hedging
Yes
PAMM
PAMM,MAMM,Myfxbook Auto trade,Mql5 signals,,,
Mobile Trading
Yes
Scalping
Yes
Automated Trading
Yes
Partnership Programs
Yes
Free Phone
+35725030337
Customer Support
24/5
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