TriumphFX Review, Forex Broker&Trading Markets, Legit or a Scam-WikiFX

Haven't been able to withdraw since May?

Haven't been able to withdraw money since May? what should I do?

2022-08-10 16:33

Ping An is totally broken

Ping An has forbidden the trading and cannot withdraw now. Some investors has not received their withdrawal from May.

2022-07-17 19:34

Resolved

Unable to withdraw

Withdrawal has not arrived for more than one month. It is cancelled. Some people received some amount of withdrawal. Some people never receive anything.

2022-07-02 17:19

the scammed happened 3 month ago , they are scummers & frauds, if you being get profits they start put ur account under review its mean they will create any story to close ur account and not give u ur money

2023-03-07 00:01

The withdrawal that passed on June 20th has not been received till now

The withdrawal that passed on June 20th has not been received for a month.

2022-07-17 02:10

Unable to withdraw

Now I have been defrauded of about 1 million, all of which are made by loans, and I can no longer survive. please help me

2022-09-28 13:40

I lost my $5,000 to this mercy less Fraudster!

I was wating for 2 month for withdthraw, and my account was just closed. Lost almost 5k$.I don't have any news about them. Please help end to put end to this Fraudsters!

2021-09-14 13:35

The platform is unable to withdraw. Retrieve all your principle

In May 2022, I began to trade at the DEX foreign exchange platform. At that time, it was operated by the Rajes team. Within two months, the platform said that the cooperation with the team was canceled, and all withdrawals and deposits were blocked. As of 10.16, the principal of RMB 60,000 has not been refunded, and we are now applying for a complaint. I hope investors will stop trusting this DEX platform!

2022-10-16 15:59

Lost million of fund

The equivalent of 1.45 million CNY cannot be withdrawn. What should I do now?

2022-08-05 08:17

Unable to withdraw

Submit the request on June 22 and cannot withdraw till now. What to do? Should I just keep waiting? Just like HIIFX and tr?

2022-07-19 13:41

Unable to withdraw

The withdrawal has been approved for more than 20 working days, but it has not arrived yet. It just offer small withdrawal to stablized the situation. They do not make large withdrawal.

2022-06-14 20:25

Ruthless company

I went ahead to invest $25,000 from a loan I had taken out as I was desperate but even at that they wanted me to increase my deposit in order to secure a safe spot in the market and avoid loss of capital but it was all a lie because withdrawal was still impossible Filing a compliant through fintrack/ org relief program explained what to do and how to go about getting my investment returned so Investors should never feel confident about their investment on TriumphFX

2022-08-06 00:34

Serious slippage

Serious slippage, causing huge loss. There is no consequence after contacting the customer service.

2022-06-17 11:08

Resolved

Unable to withdraw

Withdrawal has not arrive for more than a month. It is still unable to withdraw even I change to another fund team. It is another month.

2022-07-13 14:30

Submit on June 6 and reviewed on June 7th

Submit on June 6 and reviewed on June 7th. It has not arrived for more than one month. The customer service said that they made the transfer one month ago, but it has not arrived and still delaying.

2022-07-18 19:40

Scam

Tri element EA management is a scammer. He's from

Tri element EA management is a scammer. He's from indonesia. He has telegram as well t.me/TradeWithMyF1 His skrill id yuga_binangkit@yahoo.com He claims that his EA give 20% to 30% monthly profit and draw down will be only 10% to 30% monthly on a $500 account with one pair. I purchased his EA and tested it on a vps with default settings (as he told to use this settings only) but it gave $250 draw down on a $5000 account balance. Which is equal to 50% if I had used $500 account balance.

2021-08-23 06:12

TriumphFX · Company Summary

TriumphFX Review Summary
Registered On	2008-01-12
Registered Country/Region	Seychelles
Regulation	Suspicious Clone
Market Instruments	Forex, Indices, Commodities
Demo Account	/
Leverage	Up to 1:500
Spread	0.5 (Typical, EURUSD)
Trading Platform	TriumphFX Mobile App
Min Deposit	$100
Customer Support	Facebook, Instagram

TriumphFX Information

TriumphFX is a No Dealing Desk (NDD) broker that offers trading in Forex, Indices, and Commodities. It supports multiple flexible trading accounts with spreads as low as 0.5 pips and leverage of up to 500x.

Pros and Cons

Pros	Cons
Leverage up to 1:500	Suspicious Clone
Flexible account options	MT4/MT5 unavailable
Spread as low as 0.5 pips
Muslim accounts available

Is TriumphFX Legit?

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number	Current Status
	FCA	Shine Trades Limited (CY) Ltd	European Authorized Representative (EEA)	763697	Revoked
	VFSC	Triumph Int. Limited	Retail Forex LicenseStraight Through Processing (STP)	17901	Revoked
	CYSEC	Shine Trades Limited (CY) Ltd	Straight Through Processing (STP)	293/16	Suspicious Clone

What Can I Trade on TriumphFX?

TriumphFX offers various market instruments, including Forex, Commodities, and Indices.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Cryptocurrencies	❌
Precious Metals	❌
Shares	❌
ETFs	❌
Bonds	❌
Mutual Funds	❌

Account Type

Account Type	Standard Fixed	Standard floating	Muslim Floating
Minimum deposit	$100	$100	$100
Spread Type	Ffixed	Float	Float
Typical Spread (EURUSD)	1.6	1.6	1.6
Swap Charges	Yes	Yes	No
Commission Fees	No	No	No
Maximum leverage	1:500	1:500	1:500

Account Type	Premium	Platinum	Muslim Platinum	VIP
Minimum deposit	$500	$200	$2000	$5000
Spread Type	Float	Float	Float	Float
Typical Spread (EURUSD)	0.6	0.6	0.6	0.5
Swap Charges	Yes	Yes	No	Yes
Commission Fees	$6	$3	No	No
Maximum leverage	1:500	1:500	1:500	1:500

TriumphFX Fees

The spread of the VIP account is as low as 0.5 pips. Different accounts have varying commissions, ranging from $0 to $6.

Leverage

The maximum leverage is 1:500,meaning that profits and losses are magnified 500 times.

Trading Platform

TriumphFX supports trading via a mobile app, but does not provide third-party platforms such as MT4 and MT5.

Trading Platform	Supported	Available Devices	Suitable for
TriumphFX Mobile App	✔	iOS, Android	/

Deposit and Withdrawal

Deposit

Deposits are supported via online bank transfers, Visa/MasterCard, Alipay, cryptocurrencies, or other methods. Deposits will be processed within 2-3 working days from the date the funds are sent from the bank account. For any deposit equal to or exceeding $500, TriumphFX will reimburse a maximum of $70 for intermediary bank fees.

Withdrawal

Withdrawal processing takes 2-5 working days, and all withdrawals are subject to intermediary bank fees ranging from $25 to $75 per transaction.

News

ExposureTriumphFX Rebrands to Continue Global Fraud: Over RM80 Million Lost

The notorious forex investment company TriumphFX, previously exposed for running a global scam operation for over a decade, is now being accused of rebranding itself to continue defrauding unsuspecting investors. Despite being unregulated and based offshore in Seychelles, TriumphFX has actively targeted Malaysian investors, luring them with false promises and eventually converting funds into cryptocurrency, making recovery nearly impossible.

Exposure

ExposureTriumphFX Forex Scam Costs Malaysian Victim RM120,000

“That money was meant for my wedding and to buy a house. Now, it's all gone…”

Exposure

ExposureTriumphFX Faces 29 Exposure Reviews on WikiFX

06-05

TriumphFX faces scrutiny with 29 exposure reviews on WikiFX, revealing regulatory warnings from ID BAPPEBTI, VU VFSC, SG MAS, and MY SCM, plus user complaints about withdrawal issues and fraud concerns.

06-05

Exposure

NewsTriumphFX Scam: RM23.7M Lost in Investment Fraud Syndicate

02-28

Over RM23.7 million was lost in the TriumphFX scam. 72 police reports filed as syndicate lures victims via Zoom with 4-7% monthly returns.

02-28

News

NewsTriumphFX Faces CySEC Action Over Shareholder Issues

2023-12-22

CySEC takes action against TriumphFX over shareholder concerns. Regulatory crackdown on investment firm. Protecting investors' interests.

2023-12-22

News

NewsControversy Surrounds TriumphFX's Launch of Virtual Currency TFX

2023-02-28

TriumphFX's recent launch of a virtual currency called TFX. Critics have claimed that TFX is part of a Ponzi scheme, designed to prevent investors from withdrawing their funds. Additionally, the platform has been accused of engaging in continuous brainwashing to promote TFX as a long-term investment opportunity in various social media groups.