The previous contact numbers of the company were found outdated and not working. There is no live chat support, phone support, or even a single e-mail support. All these points strongly indicate Triumph FX is a scam broker. So, if you plan to trade with the platform, we advise you to research before trading and invest wisely. If you want to choose a more secure and trusted broker, you can try Capitalix. Since its inception, the broker has constantly updated the trading instruments list.
- As long as the win trade ratio is about 70%, i guess a profit of 7% every cycle should be quite promising.
- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
- Unfortunately, TriumphFX doesn’t have exciting offers, deals, or promotions that insist you on landing at this trading platform in a hurry!
- If a TriumphFX affiliate recruits five affiliates who each invest at least $3000, they qualify for residual referral commissions.
- We verify and compare brokerage companies and warn our readers about suspicious projects or scam marketing campaigns.
Is TriumphFX a Regulated Broker?
To me, i just think the Fund Manager should be doing extremely good job in order to achieve this. As long as the win trade ratio is about 70%, i guess a profit of 7% every cycle should be quite promising. So worth to try may be a small amount first for beginners. Hello Rashik, can you share any link to what you are referring to, I don’t see TRIUMPH FX in the investor alert list on the SINGAPORE gov website. As far as I know, Hermes Leong is currently facing jail time and huge fines for his involvement with Singliworld.
TriumphFX Deposits & Withdrawals Conditions
TriumphFX is an EU-registered Cyprus-based forex broker which deals mostly through CFDs, but there isn’t much feedback about it online since it seems to be a by-invitation only operation. When it comes to Precious Metals, TriumphFX enables investors to trade Gold and Silver against USD. For this category of investment, the company uses the same criteria for leverage and utilises the CTrader platform to execute trades. You might have already heard of TriumphFX, and there’s a chance you haven’t heard many positive things about this forex trading platform. I’ve deposited $500 here to check TriumphFX out (my friend reccommended them to me).
Today, it allows trades in Forex, Commodities and Indices. Therefore, this in-depth TriumphFX Review 2024 will cover all aspects of the broker’s services, and, in the end, we will rate this broker based on our experience. And if an affiliate has recruited three investors ($10,000 each), this balloons out to 20% across the first two unilevel levels. You invest, attach your investment to a TriumphFX trader, watch them trade and if they profit you get a share of 60% of the profit. If a TriumphFX affiliate recruits five affiliates who each invest at least $3000, they qualify for residual referral commissions.
- While this doesn’t conclusively prove anything, it could be considered evidence of a potential relationship between the companies.
- In order to start trading with TriumphFX, you have to deposit at least 100 USD (Trading accounts can also be held in EUR, USD, GBP).
- Overall, we don’t recommend our readers to trade with this broker.
- Therefore, it is always advisable to review your broker carefully before proceeding.
Regarding educational tools, the broker offers a short glossary and a series of excellent training videos on Forex basics and market analysis. Another key aspect to cover in our TriumphFX review 2024 is highlighting how convenient it is to deposit and withdraw funds from the platform. In this case, the list of supported payment methods is impressive, with all popular payment modes available for users’ convenience. However, the broker is listed in the warning list of Singapore and Indonesia financial agencies, raising red flags for new users over its security & safety. Moreover, the broker’s core business model is a Ponzi triumphfx pyramid scheme, another red flag to watch out for.
Moreover, leverage support in each trading account is also different. Therefore the broker makes such big leverage support available to its professional clients. The broker aims at providing you with ease of access to each trading facility and ensures building the best user experience on its trading platform. The broker has recently launched an Introducing broker partnership and affiliate program. So, traders can bring their friends and acquaintances to the platform and gain additional money or commission from the broker platform. This move by the broker has resulted in doubt among the traders.
TriumphFX Review: MT4 profit sharing with pyramid recruitment
There are three account types designed by TriumphFX – Standard, Gold and Premium. All accounts feature the same competitive trading conditions and available services, while higher grade account will add on extra benefits. In simple words, it means the broker fully establishes its business according to necessary laws and principles of operation, eventually dedicated to protecting clients and enabling market integrity. Investingintheweb.com does not provide any offer or solicitation to buy or sell any investment products, nor does it constitute an offer to provide investment advisory services.
How Do I Delete My TriumphFX Account?
For every successful trade, you get 70% of the total profits. Additionally, the minimum deposit requirements are in a competitive range, also waiving off deposit Fees is an appreciable step. Let’s take a look at available payment methods for deposits & withdrawals. TriumphFX is an online Forex and CFD brokerage platform operating since 2009. (Cyprus) LIMITED, an international financial service provider with a CySEC license. 40% of trading profits are kept by the broker and 60% paid to affiliates.
It’s crucial to note that TriumphFX has been the subject of scrutiny by various Asian regulators. So, this indicates that the approved domain (date highlighted in green in the image above) in the CySEC regulation is not used to conduct suspicious operations. The broker makes the Forex glossary available to its clients, including a suite of forex essentials that guides you thoroughly on forex marketing and how strategies are utilized. Triumph FX is one of the brilliant choices for aspiring forex traders. The broker gets regulation from Cyprus Security Exchange Community (CySEC). In addition, some small regulators also give licenses to the broker.
Top10stockbroker.com & Indianfranchisereview.com are websites under Medmonx Enterprises Private Limited. We are certified stock broker review & comparison website working with multiple partners. But it’s worth noting that the exact time schedule of TriumphFX can be different. Hence, for clear insight, you should stay updated with the real market. However, at first glance, the account offering in each account sounds similar.
However, traders are only allowed to trade with licensed commercial banks, investment banks, Islamic banks, and international Islamic banks. Hi Alex, how long does it usually take for the money you withdraw to arrive in your bank account? I have withdrawn some money but nothing has arrived in my bank account and it has been 1.5 weeks. I managed to withdraw a much smaller amount last time and it took gm trader triumphfx 3 days but unsure why it is a very different experience now that the amount is much larger.
