TriumphFX Review {TFXI} - Is It a Regulated Broker or a Scam

In today’s TriumphFX Review, you’ll find out all about the TriumphFX Forex broker, its regulation, and software offers for providing financial services to all Forex traders & investors on its official platform.

We suggest you find out answers & details related to TriumphFX Broker company from this excellent TruimphFX review as you read the article till the end.

TriumphFX (TFXI) Company Overview

TriumphFX seems to be a Forex broker, which was founded & established in the year 2010 and was probably regulated by CySEC AKA Cyprus due to the company’s European division – Triumph.com, and also by the FSA of the Republic of Seychelles for the international – TFXI.com.

Meanwhile, in 2021, the Vanuatu Financial Services Commission came up with issue of a Notice of Fraud Certificate that compiles TFXI as a company that’s illegally performing financial activities without a financial license.

The issue of a Financial License also came up in the year 2015 by the Hong Kong SFC, and they mentioned TFXI as an unlicensed company in the financial niche.

Moreover, the company made available Metatrader MT4 as a major trading platform having both the desktop & mobile versions merged together.

Features of the company’s instruments consist of 55 forex pairs, unique metals CFDs, and leverage ranging up to 1:30 for the European divisions & range up to 1:500 for the international division.

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How TriumphFX Works – Trading Access

TriumphFX as a Cyprus brokerage offers trading services internationally, providing access to investors & users on the platform to trade its entities in Europe and also international entities.

From the time the company was established, its main focus, aim & ambition was to democratize Forex trading & make trading easier to manipulate for investors & users with low experience rates & money.

However, to achieve these aims the company has to offer a wide range of account types meant for both beginners & veteran traders, a good platform & spreadsheet to carry out orders, and other helpful educational trading tips.

Cons & Pros of TriumphFX Review

See below, which contains the tabulated format of the company’s broker cons & pros that you’ll encounter while using the Cyprus Forex Broker:

PROS	CONS
Broker with good record and establishment under European laws	Support is not available 24/7
Low Forex fees and good conditions	No Stocks trading, a limited number of instruments
A mainstay on customer popular MT4	Conditions vary according to brokers’ regulation
In-house analysis free of charge	Withdrawals are not free & come with fees
Dedicated Support and account manager	In the previous Broker, it lost its CySEC license
Professional and regular accounts

With these cons & pros, do you think you can trust this broker as a beginner or a veteran in the aspect of Forex Trading? Or would you mind finding out if TriumphFX is safe for its financial services without a license? See the following two subheadings below, and find out!

TriumphFX’s Safety & Regulations

TriumphFX is mapped & listed under its regulator CySEC, and this can prove the company to be partially safe in terms of financial services.

However, this does not mean that we should put trust & faith in this Brokerage, instead, we should be on the watch & take note of any further changes that can possibly occur.

Also, we should know that in terms of online trading & investment security is very important and easy to understand because your capital & funds need to be secured & controlled by law & regulations.

So, always take note of when the company plans to change course on its services on the platform or when it makes any sudden moves on its financial services.

TriumphFX Review on License & Legitimacy

As we mentioned earlier, TriumphFX was first established in Cyprus before it began its operation & financial services legally, which is when it received a license from CySEC – a local authority & financial regulator that regulates Forex business & firms that are under the Financial investment niche.

Additionally, the CySEC regulatory principles are all corresponding with the European MiFID directive, and this allows the company to expand its service within the EEA zone & beyond.

On the other hand, this kind of regulation does not allow TriumphFX to perform their financial services in countries like Malaysia – where brokers are not regulated & allowed.

Frequently Asked Questions about TriumphFX Review

Is TriumphFX regulated in Singapore?

Financial agencies in Malaysia & Singapore placed TriumphFX broker on thier black list, and states that the company carries out its services without proper licensing.

Is TriumphFX legit in Australia?

TriumphFX seems to be a good choice for traders from Australia or living in Australia. The broker met up with all the requirements of the local regulator & provides attractive trading conditions for their users & clients.

How do I withdraw on TriumphFX.com?

Login to your trading account via this link – https://secured.triumphfx.com/login
Access the Withdrawals Section.
Click Create Withdrawal & select the method you want to use when withdrawing your Funds.
Fill all the required fields on the form.
Finally, Submit the form for processing.

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