The question on whether Triumph FX Limited is such an operator would depend on a customer’s understanding and research of the risk and payoffs of investing with this broker. Its official website lacks any ‘contact us’ page, email address, or phone number – essential elements for a business to facilitate efficient communication with its customers. This absence suggests potential issues for clients who require help or have urgent queries. We advise steering clear of brokers with questionable credibility like TriumphFX and considering alternatives such as ZFX instead. Always do your research, check out ‘Trustpilot TriumphFX’, and seek out reviews and news updates (like ‘tfxi news’) to ensure you’re dealing with a reliable and legal company.
Types of Accounts and Their Features
TriumphFX provides 24 hours a day and 7 days a week customer support to its clients. Unlike other trading platforms, we don’t see any complexities related to the transaction at TriumphFX. Therefore the broker makes such big leverage support available to its professional clients.
The broker provides an NDD and STP order processing model based on price feed from the largest liquidity providers. However, despite holding a European license, the broker is restricted to provide services in over 30+ countries across Asia and the European region. Since its inception, the broker has constantly updated the trading instruments list. This is a controversial point, as we have demonstrated throughout the rest of the article.
These accounts are offered by various online trading platforms, including stock trading platforms, foreign exchange trading venues, and commodities exchanges. MetaTrader 4 is the main trading platform offered by TriumphFX to its clients. The platform is popular among traders, and it makes it possible to trade from all devices with the same account credentials. The number of inbuilt indicators are vast and allows traders to analyze markets with various technical indicators and formulas. TriumphFX has special downloadable files to install the software on Windows, macOS, iOS, and Android.
However, trading charges can sometimes be decided by the trading account you are using. Updates on price alerts, market trends, and other financial news are also shared with clients on mobile. Overall, functions and features on mobile app deliver a similar user experience as it is delivered on the desktop platform. The mobile app by Triumph FX also serves MT4 integrated trading services to mobile clients, which is a plus point. Moreover, TriumphFX is a subsidiary of a Cyprus-based company Triumph Ltd. making it a reliable trading platform. Rates, terms, products and services on third-party websites are subject to change without notice.
- Joel Benedict founded the trading platform in 2010, which has been drawing positive responses for its trading service.
- Commissions are the charges imposed by an investment broker on a trader for making trades on the trader’s behalf.
- This occurred as Triumph International Limited or its affiliated companies acquired another licensed business from the European Union, enabling legal operations.
TriumphFX Review – Triumphfx.com Scam or Safe?
The brokerage enlists sixty-four carefully selected trading instruments that have a stable market position with the potential to enhance their value. Traders are sometimes unable to manage risks, and hence, they do not join online trading. TriumphFX resolves this issue by offering the feature of negative balance protection.
Customer Support
Those traders who prefer conducting their trades on the MT5 platform should take this into consideration. CFDs are complex instruments and come with a high risk triumphfx review of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider.
TriumphFX MobileTrader App
TriumphFX offers its clients three distinctive methods to facilitate their trading activities, catering to varying trader preferences and technology uses. Notably, TriumphFX is an advocate of the acclaimed “gold standard” of trading platforms, MetaTrader 4 (MT4), much like many leading brokers worldwide. Likewise, as far as trading mobile apps go, the MT4 is one of the most user centric. For the final TriumphFX review, we found that the broker provides balanced conditions suitable either for beginning or professional traders. The broker uses technology and pricing strategy smartly, so TriumphFX has the necessary conditions to provide successful trading performance. The spreads are low compared to other brokers in the industry and the supported MT4 platform is quite good too.
A forex account is a trading account held by a trader with a company like TriumphFX that is primarily issued with the purpose of trading currencies. It provides access to quality trading and investment solutions through its fully regulated environment and competitive conditions. Trending Brokers accords traders and investors with some of the best hand picked brokers that can harvest their needs for booking profits in the world of financial market.
- In order to be sure that TriumphFX is not a scam, read our trader reviews and check other popular trading related websites and forums.
- Information on this website might not be in real-time or entirely accurate, with prices potentially sourced from market participants rather than exchanges.
- In this respect, the company executes the client order by acting as a broker.
- You are offered unlimited virtual money in the TriumphFX demo account that you can lose, multiply without putting any adverse impact on your bank balance.
- It’s significant to understand whether the TriumphFX entity accessible through tfxi.com is authentic or not, especially in light of an entity known as TriumphFX Cyprus.
Investment in Asset Classes or Markets by TriumphFX
In contrast, TriumphFX relies on exaggerated claims to attract users who may lack a full understanding of cryptocurrency trading. These features are tailored to appeal to both novice and experienced traders. As with currency exchange markets, commodity markets offer different investment opportunities for traders.
Around 20 different languages are supported on TriumphFX’s MT4 platform, which is a very positive sign for international traders. Interestingly, TriumphFX does not operate in the USA and restricts accounts from several countries, making it inaccessible to many potential traders around the globe. There is referral and Introducing Broker programs for those who can access its offerings, but its promotional offerings are noticeably limited compared to other forex brokers.