TriumphFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-05-10 17:53

Abstract：TriumphFX is a No Dealing Desk (NDD) broker that offers trading in Forex, Indices, and Commodities. It supports multiple flexible trading accounts with spreads as low as 0.5 pips and leverage of up to 500x.

TriumphFX Review Summary
Registered On	2008-01-12
Registered Country/Region	Seychelles
Regulation	Suspicious Clone
Market Instruments	Forex, Indices, Commodities
Demo Account	/
Leverage	Up to 1:500
Spread	0.5 (Typical, EURUSD)
Trading Platform	TriumphFX Mobile App
Min Deposit	$100
Customer Support	Facebook, Instagram

TriumphFX Information

　　TriumphFX is a No Dealing Desk (NDD) broker that offers trading in Forex, Indices, and Commodities. It supports multiple flexible trading accounts with spreads as low as 0.5 pips and leverage of up to 500x.

Pros and Cons

Pros	Cons
Leverage up to 1:500	Suspicious Clone
Flexible account options	MT4/MT5 unavailable
Spread as low as 0.5 pips
Muslim accounts available

Is TriumphFX Legit?

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number	Current Status
	FCA	Shine Trades Limited (CY) Ltd	European Authorized Representative (EEA)	763697	Revoked
	VFSC	Triumph Int. Limited	Retail Forex LicenseStraight Through Processing (STP)	17901	Revoked
	CYSEC	Shine Trades Limited (CY) Ltd	Straight Through Processing (STP)	293/16	Suspicious Clone

What Can I Trade on TriumphFX?

　　TriumphFX offers various market instruments, including Forex, Commodities, and Indices.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Cryptocurrencies	❌
Precious Metals	❌
Shares	❌
ETFs	❌
Bonds	❌
Mutual Funds	❌

Account Type

Account Type	Standard Fixed	Standard floating	Muslim Floating
Minimum deposit	$100	$100	$100
Spread Type	Ffixed	Float	Float
Typical Spread (EURUSD)	1.6	1.6	1.6
Swap Charges	Yes	Yes	No
Commission Fees	No	No	No
Maximum leverage	1:500	1:500	1:500

Account Type	Premium	Platinum	Muslim Platinum	VIP
Minimum deposit	$500	$200	$2000	$5000
Spread Type	Float	Float	Float	Float
Typical Spread (EURUSD)	0.6	0.6	0.6	0.5
Swap Charges	Yes	Yes	No	Yes
Commission Fees	$6	$3	No	No
Maximum leverage	1:500	1:500	1:500	1:500

TriumphFX Fees

　　The spread of the VIP account is as low as 0.5 pips. Different accounts have varying commissions, ranging from $0 to $6.

Leverage

　　The maximum leverage is 1:500,meaning that profits and losses are magnified 500 times.

Trading Platform

　　TriumphFX supports trading via a mobile app, but does not provide third-party platforms such as MT4 and MT5.

Trading Platform	Supported	Available Devices	Suitable for
TriumphFX Mobile App	✔	iOS, Android	/

Deposit and Withdrawal

　　Deposit

　　Deposits are supported via online bank transfers, Visa/MasterCard, Alipay, cryptocurrencies, or other methods. Deposits will be processed within 2-3 working days from the date the funds are sent from the bank account. For any deposit equal to or exceeding $500, TriumphFX will reimburse a maximum of $70 for intermediary bank fees.

　　Withdrawal

　　Withdrawal processing takes 2-5 working days, and all withdrawals are subject to intermediary bank fees ranging from $25 to $75 per transaction.