TriumphFX Review

Overall TriumphFX Ranking

TriumphFX may be a good broker to trade with based on our Expert findings based on over 10 years of Forex Trading Experience.

• TriumphFX Overall ranking is 7 out 10 based upon our testing and compared with 500 other brokers. See Ranking below compared with other industry leading brokers.

TriumphFX scam? Or safe broker?

Although TriumphFX is safe under CySEC's protection, it is best to be aware of any changes and to not trade via the offshore entity because of its low requirements. Online trading is a risky business. It is important to ensure that your capital is protected and secure by law and regulations.

Is TriumphFX a legitimate company?

TriumphFX was legally established in Cyprus prior to it being allowed to operate. CySEC is a local authority that regulates Forex businesses and those working within the financial investment sector. It simply means that the broker establishes their business according to all laws and principles. This license is ultimately dedicated to protecting clients' interests and enabling market integrity.

CySEC's regulatory standards are fully in line with the European MiFID directive, which allows TriumphFX to offer services within the EEA and beyond. This type of regulation doesn't allow TriumphFX, however, to offer its services in Malaysia, where the broker IS NOT regulated.

• TriumphFX is a CySEC regulated broker. It can also be a monitored Forex broker. This means that you as a trader have a safe trading environment. TriumphFX, like any other CySEC broker, participates in a compensation scheme that covers clients' accounts in the event of company insolvency.

International trading TFXI

International proposal can still be submitted through additional offices in Vanuatu or BVI or Triumph Int. Limitedunder the domain https://www.tfxi.com/. These trading conditions are subject to applicable laws and regulations. These are not safe and have a low level of safety. Trading with offshore countries was always risky. TFXI scams might occur. We should conclude by mentioning that Triumph Int. Trading with TFXI or limited subsidiaries is not 100% safe.

See our conclusion on TriumphFX Trust:

• We have a 7-out-of-10 Trust Score for TriumphFX. This is based on years of operation under CySEC license. TrirumphFX is a primarily international entity that serves clients around the world and has a history of the lost licence. This raises concerns.

Types of accounts

TriumphFX offers three types of account: Standard, Premium and Gold. All accounts offer very competitive trading conditions and access to services. Higher grade accounts will provide traders with additional benefits. Gold account holders may be able to benefit from TriumphFX Webinars and Premium traders receiving Markets Analysis 1 vs 1., etc. All in all, the TriumpFX account offering is quite impressive with many options and a wide range of conditions.

Check out our findings and a snapshot of all account types:

Instruments

TriumphFX offers markets for Forex and Metals like Gold, Silver. These are currencies that can be transacted on the central market using various liquidity providers TriumphFX has partnered with. This is a limited range, and the broker focuses solely on Forex trading. If you want to trade Stocks or Futures, check out other regulated brokers reviews.

• TriumphFX Instrument Selection Score: 6 out of 10 for a good selection Currency and Metals trading. However, this is all you have so there is not diversification to trade Shares, ETFs, or Indices.

Fees

TriumphFX has defined its pricing based on low spreads and a fractional trading base. This means you can benefit from better pricing, as well as the trading process consistency TriumphFX offers.

Spreads

Below are some examples of TriumphFX spreads.

Deposits and Withdrawals

Our TriumphFX review also covers how to transfer money to or from your trading account. All account management is done online, and TriumphFX allows to process the transaction via Cards or Bank Wire, Skrill, Neteller, and Skrill.

• We rated TriumphFX Funding methods Goood 9/10. The minimum deposit is within a competitive range. Deposit Fees are also either very low or none. However, you should verify all conditions based upon your country.

Minimum Deposit

TriumphFX Minimum Deposit Amount 100$ for the first grade STP account at Rubix. Other accounts have higher levels of first deposits which is considered to be a high industry standard.

Withdrawals

TriumpfFX transfer fees are important to be aware of. Make sure you discuss the details with your broker and payment provider as different jurisdictions might have different rules. TriumphFX does not charge a commission on deposits made via Bank wire or e-wallets. However, Card payments will incur a 3$ fee.

Withdrawals may incur fees that are not charged by the payment provider. These fees will be waived by him.

Trade Platforms

If you choose to trade with TriumphFX, MetaTrader4 will be the market leader. This isn't a surprise, nor is it a bad thing. The majority of traders around the world use this software and technology, even though the platform looks a little outdated. There are many tools, add-ons and other features to enhance your capabilities. TriumphFX technology allows you to create a strategy that is most effective for you.

• TriumphFX Platform is rated Good with an overall rating of 6 out 10, compared to more than 500 other brokers. TriumphFX does not offer a choice of platforms. MT4 has an outdated design, which is a very popular platform.

Desktop platform

MT4 is different if you compare two brokers' software. The company determines if it adds additional features or not, includes some capabilities or not, and whether to make it free of charge or extra. TriumphFX eventually made the MT4 upgrade versions free of charge. See our test snapshotot below.

Customer Support

We also checked Customer Support as any issues may arise. TriumphFX offers support to its clients in many ways. However is only available during working hours at its Cyprus office. Even though the team isn't available 24/7/weekends, we were able to find their answers quickly and relevant via Live Chat or telephone lines.

• Customer Service in TriumphFX has been rated Good with an overall rating of 8 out 10 based on our testing. For quick answers, support is available 24 hours a day.

Education

We discovered a limited number of educational and learning materials through TriumphFX Review.

Forex Essentials, Forex Glossary and the Economic Calendar are all available. You can also find research tools, including an in-house developed Analysis and News feed, as well as Forex Essentials and Forex Glossary. For beginners, we recommend that you sign with a third party provider or another broker to learn more about trading.

• TrirumphFX Education Overall rating 6 out 10 based on our research. TriumphFX education has a much smaller number of educational materials, such as Academy and Webinars.