TriumphFX

TriumphFX, a Forex broker established in 2010, is known for its extensive range of trading instruments, including over 55 Forex pairs and precious metals CFDs. The broker operates under the regulation of Cyprus Securities and Exchange Commission (CySEC) for its European division and the Financial Services Authority (FSA) of Seychelles for its international operations. However, it's important to note that TriumphFX has faced regulatory issues in the past, including a Notice of Fraud Certificate issued by the Vanuatu Financial Services Commission in 2021.

Trading Platform and Instruments

TriumphFX offers the widely-used Metatrader MT4 as its sole trading platform, available in both desktop and mobile versions. This platform allows traders to access a wide array of trading instruments, including over 55 Forex pairs and precious metals CFDs. The leverage provided by TriumphFX varies, with a limit of 1:30 for the European division and up to 1:500 for the international division.

Brokerage Details

To open a live trading account with TriumphFX, traders need a minimum of $100. The broker allows a minimum trade size of 0.01 and offers a maximum leverage of 500:1. The broker's headquarters is located in Limassol, Cyprus, and they can be contacted at [email protected] or 35725030337.

Trading Conditions

TriumphFX supports various trading strategies, including the use of Expert Advisors (EAs), news trading, and scalping. Additionally, they offer managed accounts and social trading through MAM and PAMM.

Deposits and Withdrawals

TriumphFX provides multiple options for deposits and withdrawals including Bank Wire, VISA, MasterCard, Neteller, PayPal, and Skrill.

Pros and Cons

TriumphFX has several advantages, such as a wide range of trading instruments, support for various trading strategies, and multiple deposit and withdrawal options. However, the broker's past regulatory issues and limited platform options may be of concern to some traders.

Scammer or Not?

While TriumphFX is regulated by CySEC and the FSA of Seychelles, it's important to note that the broker has faced regulatory issues in the past, including a Notice of Fraud Certificate issued by the Vanuatu Financial Services Commission in 2021. Traders should consider these factors when deciding whether to trade with TriumphFX.

Safety Check

Despite TriumphFX's regulatory status, the broker's past regulatory issues raise questions about its safety. Traders should always conduct thorough research and consider multiple factors before deciding to trade with any broker.

FAQ Section

Q: What is the minimum deposit for TriumphFX?
A: The minimum deposit for opening a live trading account with TriumphFX is $100.

Q: What trading platform does TriumphFX use?
A: TriumphFX uses the Metatrader MT4 platform, available in both desktop and mobile versions.

Q: Does TriumphFX support scalping and news trading?
A: Yes, TriumphFX supports various trading strategies, including scalping and news trading.

For more details and personal experiences with TriumphFX, traders can leave their feedback on the forexroboteasy.com website. This review is an independent evaluation of the company, written in a neutral tone and based on publicly available information.