Abstract:TriumphFX was founded in 2009 and is based in Cyprus, providing professional online trading services to investors, traders, and institutional clients through a robust NDD and STP order processing model. TriumphFX holds an STP license from the UK Financial Conduct Authority (registration no.293/16) and a retail forex license from Federal Financial Supervisory Authority (registration no.151993).
General Information & Regulation
TriumphFX was founded in 2009 and is based in Cyprus, providing professional online trading services to investors, traders, and institutional clients through a robust NDD and STP order processing model. TriumphFX is regulated by the Cyprus Securities and Exchange Commission (CySEC) for its operations in Europe, with regulatory license number 293/16. TriumphFX is also registered with the Vanuatu Financial Services commission, but this license was already revoked. TriumphFX has been brought in a series of scandals about iinability to withdraw funds, illegal broker, as well as being fail to log in its official website, etc.
Market Instruments
TriumphFX offers investors a small range of trading instruments, including over 60 pairs of the most popular major currency pairs in the Forex market, minor currency pairs, exotic currency pairs, as well as gold and silver.
Minimum Deposit
To meet the investment needs and trading experience of different investors, TriumphFX offers three different types of accounts, namely Classic Accounts, Gold Accounts, and Premium Accounts. The base currencies of the accounts are EUR, USD, and GBP, and the minimum trade lot size is 0.01.
TriumphFX Leverage
TriumphFX, as a Cyprus regulated broker, offers the maximum trading leverage of up to 1:30 for forex instruments, as well as gold & silver. Traders can adjust the leverage according to their knowledge and experience, and professional clients can trade with a maximum leverage of up to 1:500.
TriumphFX Spreads
The minimum spread on the TriumphFX platform is 0.4 pips for EURUSD, 0.1 pips for EURGBP, 1.2 pips for GBPUSD, 0.8 pips for USDJPY, 1.7 pips for XAUUSD, and 1.7 pips for XAGUSD.
Trading Platform
TriumphFX offers traders the flexibility to choose from the market-leading and widely acclaimed MT4 trading platform, as well as MT4 Windows, MT4 iOS, and MT4 Android. MT4 is known as the ideal forex trading platform with powerful charting and data analysis tools, an intuitive and clear interface, and support for EA intelligence. MT4 is able to develop suitable trading strategies for traders of different levels, helping traders to trade with ease.
Deposit & Withdrawal
TriumphFX supports clients to deposit and withdraw funds to their investment accounts via VISA & MasterCard wire transfer, NETELLER, Skrill, AstroBank. The minimum deposit amount is 100 EUR/USD/GBP. Users who deposit funds via VISA & MasterCard pay a fee of 2 EUR/$3/£2. Traders withdrawing funds via Skrill & NETELLER pay 1% commission, and withdrawing funds via VISA & MasterCard pay 2 EUR/$3/£2.