TriumphFX is a Cyprus brokerage company that offers access to high-quality trading and investment solutions through its strictly regulated environment and competitive conditions. The broker has been operating since 2010 and has demonstrated its professional approach to clients, traders and companies through its efficient NDD and STP order processing platform focused on price feeds from the biggest providers.
From its founding, TriumphFX’s main goal was to democratize Forex trading and make it available to every investor, irrespective of his background or amount of money. Therefore, at TriumphFX, you can find a number of account forms suitable for beginners or veterans, an effortless forum to execute orders and unparalleled broker assistance, as well as educational materials.
The variety of markets available at TriumphFX cover Forex and Metals such as Gold and Silver, where currencies are traded through the centralized market through a number of liquidity suppliers with TriumphFX.
Is TriumphFX secure or is it a scam?
As TriumphFX was founded in Cyprus before it began operating legally, the company received a license from CySEC, a local authority that regulates Forex business and a company operating in the financial investment industry. In simple terms, this means that the broker completely conducts its company in compliance with the requisite laws and operating standards, ultimately committed to the security of its clients and to maintaining market integrity.
CySEC regulatory standards are also fully aligned with the European MiFID directive, which also allows TriumphFX to sell its services within and outside the EEA zone.
Moreover, TriumphFX, as a regulated broker, is a permanently supervised Forex broker, who may be fined in the event that no laws or regulations are enforced which, in effect, will offer you, as a trader, a secure trading climate. In addition, TriumphFX, like any other licensed broker of CySEC, participates in the compensation scheme protecting the accounts of clients in the event of insolvency of the firm.
Platforms for Trading
The market leader MetaTrader4 will be platform forum if you decide to trade with TriumphFX. That choice is not shocking or negative, as the majority of global retailers or professionals using this technology and software, as well as the creation of various tools, add-ons, and additional features, improve its already powerful capabilities. Therefore, trading with TriumphFX’s powerful STP-based technology will also allow you to deploy a strategy that works best for you.
Clearly, MT4 is not the same if you compare the program between two brokers, as the company decides whether or not to add additional features, include some of the capabilities or not, and whether to make it available free of charge or at an extra charge.
TriumphFX made the upgraded version of MT4 accessible to every user for free, so you may benefit even more. There are also different versions suitable for any system, so you can stay up-to-date from any place or on-the-go with automated trading tools or manual strategies, or by using the MetaTrader Terminal for Money Managers.
What are TriumphFX Fees and Account Types?
There are three account forms built by TriumphFX – Standard, Gold and Premium. All accounts have the same fair trading conditions and services available, while a higher-grade account can add additional benefits. Like Gold account users, webinars hosted by TriumphFX and Premium can bring benefit to traders getting Markets Analysis 1 vs 1.
TriumphFX has established its pricing strategy on the basis of low spreads and a fractional trading base, so that you will benefit from better pricing on the basis of the market continuity offered by TriumphFX. Typically, fees or spreads depending on the type of account given the higher grade account may include some discounts, usually starting from 0.1 pip.
See some of the TriumphFX spread examples below.
Bear in mind the rollover or overnight fee as an expense, which is about 2.5 percent of the charge or refund, depending on the direction of the position you take.
TriumphFX Reviews show that the leverage ratios of brokers are set at the standard level permitted for European traders, as the ESMA substantially limits the use of leverage for retail traders. The maximum level is therefore set at 1:30 for major currency pairs and even less for other instruments. And, of course, always know how to use leverage smartly so as not to run risks.
In the event that you are a professional trader, there is a chance to reach high leverage levels like 1:500, which is available once the status has been confirmed.
What Deposit and Withdrawal Methods does TriumphFX use?
Another very important part of our TriumphFX analysis is how you can transfer money from or to your trading account. Finally, all account management takes place via an online field while TriumphFX has made it possible to process the transaction via Cards, Bank Wire or Skrill, Neteller.
As far as the minimum deposit amount is concerned, the first grade STP account at Rubix needs $500 for starters, while other accounts use higher levels of first deposits.
Fees for Withdrawal
As for transfer fees, please ensure that the terms and conditions are reviewed in detail with the payment provider and broker, as different jurisdictions can impose different rules on the basis of international policies. Overall, TriumphFX does not identify a commission for deposits through bank wire and e-wallets, although card payment can add up to a fee of $3.
Withdrawals can result in certain costs which are waived by the payment provider itself and which remain your responsibility.
Ultimately, the TriumphFX review presented us with another Cyprus controlled broker with balanced terms appropriate for both beginners and professional traders. The broker makes smart use of the technology and pricing strategy, so TriumphFX has all the necessary conditions for your successful trading results either on powerful terms or on company support.