TriumphFX 2021 Review – Learn the Truth About
August 27, 2021
TriumphFX is a safe CySEC regulated broker with a good trading platform, costs, and accessible account opening; various funding methods are also supported. However, some downsides could be restricted learning materials and instruments, range allowing only Forex and Precious metals, and withdrawals add-on fee.
What is TriumphFX?
TriumphFX is a Cyprus brokerage company that provides access to prominent investment and trading solutions by its entirely regulated atmosphere and competing conditions. The broker operating since 2010 and proved its expert approach to traders, investors, and businesses by its strong NDD and STP model of order processing based on price feeds from the most comprehensive providers.
From TriumphFX establishment strives to democratize Forex trading and earn it convenient for any investor, notwithstanding his knowledge or amount of money. Therefore, at TriumphFX, you will find a variety of account types appropriate for newcomers or experts, an offhand platform to complete orders, and exceptional support from the broker, as well as informative materials.
Is TriumphFX legit?
As TriumphFX was founded in Cyprus before it starts its enforcement legally, the firm receives its license from CySEC. This local authority is regulating Forex business and companies operating within the financial investment industry. In simple words, it indicates that the broker fully confirms its business works according to necessary laws and principles of action, eventually dedicated to shielding clients and facilitating market integrity.
Also, as fully align with CySEC regulatory standards, the European MiFID directive that enables TriumphFX to give its service within the EEA zone and more. However, this type of regulation does not let TriumphFX allow its services in many countries, for instance, Malaysia, a country where the broker is not regulated.
TriumphFX as a regulated broker is a regularly supervised Forex broker, which can be penalized if any rules or laws are overseen, which brings misfortune to you. As a trader, a safe trading environment is vital. In addition, TriumphFX, like any other regulated CySEC broker, shares in a bonus scheme that covers clients’ accounts in case of company distress.
The broker allows various types of accounts with standard or fixed covers.
- Standard Fixed
- Standard Variable
The TriumphFX least deposit is $100 for the standard accounts but goes up to $5,000 for the VIP. Higher versions get better spreads, along with better rewards.
Advantages of TriumphFX trading
The technology of direct routing of transactions to liquidity providers (STP) kicks in when performing transactions.
Negative balance protection.
The least deposit is $100.
High quality of transactions due to the presence of a modern data center.
Commission of client’s accounts for banking aids with a deposit of more than $500.
Disadvantages of TriumphFX:
- A small table of trading devices.
- A small selection of withdrawal methods.
- High spreads on the most inexpensive account types.
TriumphFX is a Cyprus-regulated broker with fair norms appropriate for beginners or professionals traders. It uses technology and pricing plan smartly and has all the essential requirements for your thriving trading performance, whether robust conditions or assistance from the company.
Your level of funds security will depend on where your regulation is from. It is difficult to state here what your regulation is because many permutations go into deciding your regulation. You will need to review with the account manager you are regulated with.