TriumphFX Review

What is TriumphFX？

TriumphFX is a Cyprus brokerage firm that provides access to quality trading and investment solutions through its fully regulated environment and competitive conditions. The broker operates since 2010 and showed its professional approach to investors, traders and institutions by its powerful NDD and STP model of order processing based on price feeds from the largest providers.

From its established TriumphFX main aim was to democratize Forex trading and make it available for any investor, despite his experience or amount of money. Therefore, at TriumphFX you will find a range of account types suitable for beginners or veterans, an effortless platform to execute orders and unparalleled support from the broker, as well as educational materials.

TriumphFX Pros and Cons

TriumphFx is a reliable CySEC regulated broker with good trading platform, costs and easy account opening also various funding methods supported.

However, some of the downsides could be limited education materials, as well as instruments range offering only Forex and Precious metals, and withdrawals adds on fee.

Is TriumphFX safe or a scam？

When it comes to online trading, security is paramount to understanding that your capital is secured and protected by the law regulations.

Is TriumphFX legit？

Since TriumphFX was established in Cyprus before it starts its operation legally the firm received a license from CySEC, a local authority that regulates Forex business and firm operating within the financial investment industry. In simple words, it means the broker fully establishes its business according to necessary laws and principals of operation, eventually dedicated to protect clients and enable market integrity.

Also, CySEC regulatory standards fully aligned with the European MiFID directive that also enables TriumphFX to offer its service within the EEA zone and beyond. However, this type of regulation does not let TriumphFX to offer its services in, for example, Malaysia, where the broker is NOT regulated.

TriumphFX as a regulated broker is a constantly overseen Forex broker, which can be fined in case any laws or rules are not maintained which in reverse bringing you, as a trader, a safe trading environment. In addition, TriumphFX as any other regulated by CySEC broker participates into a compensation scheme that covers clients accounts in case of the company insolvency.

Account types

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.

Alike Gold account users may benefit from Webinars held by TriumphFX and Premium traders getting Markets Analysis 1 vs 1, etc.

What Deposit and Withdrawal Methods TriumphFX uses？

Another very important part of our TriumphFX review is how to transfer money from or to your trading account. Eventually, all account management happens through an online field while TriumphFX made is possible to process the transaction via Cards, Bank Wire or Skrill, Neteller.

What is the minimum deposit for TriumphFX？

TriumphFX minimum deposit amount is 500$ for the first grade STP account at Rubix, while other accounts deploy higher levels of first deposits.

TriumphFX minimum deposit vs other brokers

Withdrawals

Considering TriumpfFX transfer fees, make sure to check conditions in detail with the payment provider and broker respectively as various jurisdictions may apply different rules due to international policies. Overall, TriumphFX defines no commission for deposits via Bank wire and e-wallets, while Card payment will add on 3$ fee.

Withdrawals will occur some fees, which are waived by the payment provider himself and remaining your responsibility, see terms below.

Conclusion

For final TriumphFX review thoughts the broker provides balanced conditions suitable either for beginning or professional traders. The broker uses technology and pricing strategy smartly, so TriumphFX has all the necessary conditions for your successful trading performance either it is powerful conditions or support from the company. The are some negative points too, like limited range of instruments.