Is TriumphFX a scam?

 Recently there has been many investors in Malaysia opting for TriumphFX in looking for higher returns for their savings and investments. Apparently the major bulk of its clients actually come from Malaysia (32.41%). The company has also organised a function in KL in 2019.

Is TriumphFX a legit company?

TriumphFX is an STP broker that has been providing services since 2009. The company offers trading in 60 currency pairs on the Forex market, as well as 4 precious metals. The company’s international division is licensed by the VFSC (Vanuatu Financial Services Commission, registration number 17901). The European division of the company is regulated by the Cyprus Securities and Exchange Commission (CySEC, No.293/16). The broker’s reliability has been recognized by five prestigious international awards, including Most Reliable Forex Broker of the Year 2017.

Advantages of trading with TriumphFX:

• When executing transactions, the technology of direct routing of transactions to liquidity providers (STP) kicks in.
• The minimum deposit is $100.
• Negative balance protection.
• High quality of execution of transactions due to the presence of a modern data center.
• Compensation of client’s expenses for banking services with a deposit of more than $500.

Disadvantages of TriumphFX:

• Small inventory of trading instruments.
• High spreads on the most affordable account types.
• Small selection of withdrawal methods.

 Read latest customer's comments here

TriumphFX has been providing services for over 12 years, and during that time its main efforts have been aimed at providing clients with high-quality service in the Forex market. The broker specializes in providing direct access to the world’s leading liquidity providers using STP technology. This provides clients with reliable and fast order execution.

The brokerage company TriumphFX offers five types of accounts that are suitable for clients with various financial means: Standard Fixed, Standard Variable, Premium, Platinum, and VIP. The conditions on standard accounts are not that favorable, because the spread starts from 1.6 pips with a minimum deposit of $100. TriumphFX offers the most interesting conditions for wealthy clients on the VIP trading plan, where the spread starts from 0.5 pips in the absence of other commissions. However, the minimum deposit amount rises to $5,000.

On the broker’s website, only the minimum value of the spreads is indicated, which somewhat complicates the calculations. The average value of the spread can differ significantly, and it is often possible to establish it experimentally. The technical support service can also help in clarifying trading conditions, but you can communicate with them only using tickets, which complicates the process. You can wait up to 3 business days for their response.