TriumphFX is a Cyprus brokerage firm and Forex Broker that provides access to trading and investment solutions through its regulated environment and quite competitive conditions. The broker operates since 2010 and has shown its professional approach to investors, traders and institutions by providing NDD and STP model of order processing based on price feeds from the largest providers.To get more news about triumphfx review, you can visit wikifx.com official website.
How does TriumphFX work? TriumphFX operates as an international Forex broker providing trading access via its entities in Europe and international ones. From its establishment TriumphFX main aim was to democratize Forex trading and make it available for any investor, despite experience or amount of money, for that strive TriumphFX offers a range of account types suitable for beginners or veteran traders, with a good platform to execute orders and quality support from the broker, as well as educational materials.
TriumphFX Pros and Cons TriumphFx is a CySEC regulated broker with a good trading platform, pleasant costs and spreads, also provides easy account opening with various funding methods supported, which we mention as good overall.
However, some of the downsides could be limited education materials, as well as instruments, since the range offers only Forex and Precious metals, and withdrawal adds on fees. Besides, we saw in history TriumphFX lost its CySEC license for a while, so the main offering comes from its international branches with quite law regulations, so it is better to check the conditions fully. TriumphFX Alternative Brokers All in all Triumph is a considerable broker for various size and strategy traders. However, since Broker lost its CySEC license in the past there are some concerns if international proposal is transparent enough. Even though regulation is now active again, it would be good to check details about offering itself or check for Alternative Brokers with good history and reputation, see our Ranking below: Is TriumphFX scam or safe Broker? No, TriumphFX is not a scam it is considered safe under its CySEC entity, however it is better to stay alerted in case any changes occured, also better to avoid trading via its offshore entity due to low requirements. When it comes to online trading, security is paramount to understanding that your capital is secured and protected by the law and regulations.
Is TriumphFX legit? As 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 firms operating within the financial investment industry. In simple words, it means the broker fully establishes its business according to necessary laws and principles of operation, eventually dedicated to protecting clients and enabling market integrity.
Also, CySEC regulatory standards are fully aligned with the European MiFID directive which 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. International trading TFXI Nevertheless, international proposal running through additional offices in Vanuatu and BVI, or Triumph Int. Limited under the domain [www.tfxi.com]. The trading conditions here are different with applicable laws and regulations. which are rather low and do not provide necessary safety. It was always quite risky to trade with offshore zones, since TFXI scam might appear, and we should definitely conclude and mention that trading with Triumph Int. The limited subsidiary or TFXI trading is not fully safe.
