TriumphFx has been operating as an STP broker since 2009, it currently offers its services in 60 currencies and 4 metals. For its plausible work in the domain it is awarded as the Most Reliable Forex Broker of the Year 2017.
This broker site is well known for offering traditional routes of trading through CFDs (Contract for differences) on shares, commodities, foreign exchange, and indices, and many other financial instruments.
The company is also continuously expanding the horizons and ranges and is known for the addition of operations in the financial investment industry.
The international trade or transactions that are compiled to theCySEC regulatory standards are made to follow the alEuropean MiFID directive, which allows all the international traders whether big or small to open an account and get high leverage or other profitable trading conditions.
Triumph Fx is globally popular for its widespread operations and reach while simultaneously serving its clients from a large number of countries.
Is Triumph Fx Legitimate or a scam?
Triumph Fx is a legit site and is considered highly safe and secure because it is authorized by CySEC to provide a lower risk in foreign exchange and CFD (contract for differences) trading that makes it a top forex broker to look out for.
The broker site is legal since it complies with all the regulations posed by CySEC. They possess an authentic license along with numerous registrations and authorizations across the world.
Safety in Triumph Fx:
The international brand that is known for serving global clients, Triumph Fx runs its operations in various countries and jurisdictions.
The funds or the capital invested by the clients is always segregated and it is also visible through Triumph Fx review that the trader’s assets are always kept separated from the broker’s assets.
It ensures security and capital protection. Every client account is always opened under the Investor Compensation Fund.
Triumph Fx continuously monitors the trading transactions and operations and makes sure they conform to the regulatory requirements.
It also provides comprehensive security for all online transactions and manipulation. A trader cannot lose more than the initial deposits. This is how the regulation works.
It happens because the broker’s balance protection is applied to negative which in nutshell makes Triumph Fx considered to be a win-win situation.
Gearing or Leveraging:
Leverage is quite an opportunistic chance for the clients to magnify their trading potential.
Using a bit of gearing, every trader should remember that leverage can work both in your favor as well as against you.
One should be cautious while trading through gearing. Leveraging is often restricted by main regulatory obligations and jurisdictions.
- European clients or those traders that come under the jurisdiction of CySEC regulation as per the current status are allowed to use only a leverage maximum up to 1:30. However that is only for major currency pairs, for other instruments it’s even lesser.
- The professional clients that operate through TriumphFx International have the benefit of gearing up to 1:500, however, for that the status of a professional trader is required.
By the means of one TriumphFx account, you are allowed to trade across multiple devices which ends up making no difference between the traders and the clients.
Deposit and Account:
The operator is providing convenient deposit and withdrawal facilities to its clients, you can make a monetary transaction via Cards, Bank Wire or Skrill, and Neteller. in the beginning, the trader always has the chance to try out the risk-free environment through demo account opening.
The minimum deposit requirement is $500 for the first grade STP account, while other grade accounts might have a higher minimum deposit requirement.
Withdrawals on TriumphFx are free if the transaction is initiated through Bank wire and e-wallets, although a transaction fee of $3 will be recovered on card transactions.
The trading conditions are not much different and the features are almost the same, support, education, news, and numerous signals available.
Fees charged by TriumphFx:
The fees charged by Triumph Fx is among the lowest, considering TriumphFx offers various technical solutions and tools suggested by experts for better trading conditions along with reduced costs, the fees are quite affordable.
There is no Commission policy but a fixed amount of spread, it is 0.6pips for EUR, USD, and 2.2pips for gold.
Mode of payment:
The available methods to deposit include the following once one is free to choose conveniently among these.
- Credit cards debit cards
- Bank transfers
- American Express
- Skrill and many other common options.
Triumph Fx offers balanced trading conditions suited perfectly for both beginners and professionals. It provides access to various Essentials, Calendar, and research tools Forex Glossary, curated designed Analysis and Newsfeed to help its users in every possible manner.