TriumphFx (TFXI) Review 2022 - Regulated Entity or Scam XAbout to Collaps

TriumphFX has been in existence for some years and many have been enjoying its services and marketing tools all this while thinking of Review to help you understand it better.

However, these customers enjoy the services about two third 2/3 them have in one way or another other noticed that they are doing nothing but busy wasting their time and money.

Meanwhile, we, STROUSAM, are here to guide you and help you understand in detail all you should know regarding the Triumphfx forex broker.

Therefore, to be able to come up with this blog post, we had been receiving some questions from most of our visitors like you regarding the review on the legitimacy of the Triumphfx.

To give them exactly what they requested we had to do extensive research to enable analyze in detail what the forex broker, Triumphfx is up to. To begin, let us now take a quick overview of the company, Triumphfx.

TriumphFx Company Overview

This is a forex broker claiming to have a license document from the Seychelles government to operate as a regulated entity to handle public funds.

Well, we did our research, and we confirmed the document as they uploaded it on their official website bearing the licenser number SD080.

Not only that, but they also claimed to have been registered under the financial agency of Malaysia (SEC). Well, they made a very enticing dramatic move to prove their legitimacy.

But the question remains. Do these countries actually approve the certificate as claimed by the TriuymphFx company?

Moreover, to answer that question let us briefly take a look at what the TriumphFx company promises its clients after which we will give full attention to that question.

The company came up promising its users a lucrative way through which they can earn more thanks to the services they provide on their platform for forex trading.

They assure investors of safe trades. The company also commit that it creates a secure investment environment to empower its clients. All you have to do is open an account.

But the big question is will the entity hold to all its promises. Well, we are yet to know that, but in some cases, such a platform ends up exiting the market prematurely.

The products that they offer just other forex brokers are very volatile, in some cases, you make a profit while in some you lose.

Meanwhile, when it comes to Ponzi Schemes, they make a trading sound like a child’s play activity. They are after your money because they won’t disclose the risk involved.

Is TriumphFx a Regulated Entity Discover

This brings back the question raised earlier. The countries the company claims to be working under their regulation actually approve of the company.

Although the information provided by the company on its platform can be trusted by a layman so easily without thinking twice.

But for us that is after the company’s legitimacy will have to go further to ensure that everything is accurate before drawing our conclusion.

First, let’s with Malaysia. The regulatory body of Malaysia (SEC) has warned the public to avoid any contact with the TriumphFX company. The body speculated that the company might be a scam back in 2020.

Of all these, the broker is still in business to date. Unlike other brokers, any company offering such a service must acquire license in all the regions it operates to prove its legitimacy. But in the case of TriumphFX, they fail to do so.

In fact statement states

Jurisdiction in countries like the USA, Canada, UK, Australia, and Malta have even strict measures than in offshore regions. In the USA a broker must deposit capital of $20 million while in the UK the amount is 730K EUR. The amount acts as an assurance the platform can survive the market volatility. It is also evidence the firm won’t misuse customers’ funds.

TriumphFX Trading Condition

TriumphFX provides three trading accounts on its platform; Standard, VIP and Islamic. They advertise a spread of 1.6 pips for the EURUSD pair. As for the leaverage, it’s 1:500. If you are familiar with forex trading, you will discover that the average is above what most regulated watchdogs approve.

Such a high cap can result in high returns or catastrophic losses.

The company has a metatrader4 interface. The software is the best of its kind. It has several advanced features. But still, they bear another company’s name.

However, the broker shares the profit generated by the fund manager with the metatraders.

TriumphFX Products

It’s unfortunate that the company do not have any retail label products for its users.

The clients have to earn only through the affiliate and compensation plan.

Affiliate Plan Offered by TriumphFX

The only you can earn from the platform is through the affiliate program. This works in a pyramid system. You will have to convince someone to register with the platform.

You will earn a 5% referral bonus for each successful invitation you make.

TriumphFX Residual Commission

In this process, you have to invite someone and convince the person to invest on the platform $3000. With the unilevel compensation plan used by the platform, your earnings and ranks increase as you keep inviting new ones to your downline.

You will be at the top of the referral pyramid or chain. The radar chain consists of three levels: first, second, and third levels respectively.

With the help of the pictorial illustration, you will understand how the process works. To make it more clear to you.

Anyone that is directly or indirectly invited to join your timeline successfully joins and starts trading, automatically you will benefit from the person.

This creates a kind of infinite reward. At levels 1 & 2 you will earn 20% commission, levels 3 & 4 you will earn 10% commission, 5 & 6, you will earn 5% commission, 7 & 8, 3% commission and finally, levels 9 & 10, you will earn 2% commission.

If you check it well you will understand that if you should the referral process, you can be one of the richest men in the world.

Sadly, that is not possible with this platform TriumphFX. Because, they are not there to help you instead, they want to scam you and go away with your hard-earned money.

TriumphFX Minimum Deposit

Unlike other forex brokers, the minimum deposit is $100. But it does not end there, they do this so that they will convince others that they are real. If you check well, you will discover that they are some brokers like Pepperstone that support any amount so that the user can be able to get a clue of what the market is all about.

But in the case of TriumphFX, they fail to do so.

Who owns TriumpFX

Unfortunately, the platform fails to provide who won or runs the company. They are anonymous.

Nothing good shall come out of this anonymous platform. Instead, invest with some of the best forex trading brokers in the market. These are reputable and trustworthy companies with years of experience. They also work with professionals. Customers earn real-time returns.

Is TriumphFX Legit or a Scam

Here we come, to wrap up everything. Let us point out what made the platform a fraudulent scheme.

First, the platform fails to provide who won or runs the company. They are anonymous.no reputable company will hide who owns or runs its organization.

They forged a certificate to convince people that they are a regulated entity while many countries are raising the alarm that the public should avoid any contact with them.

The Lucrative ways through which the user can earn as promised by never existed.

To make everything worse, the Ponzi Scheme fails to provide retailable products on its platform.

Ensure you are investing with a trustworthy forex trading company. The regulated brokers have clearly outlined terms and conditions. The withdrawal requirements are sound. You won’t face any challenges when you request a cash-out.

If you find this information helpful or you still have more questions regarding the TiumphFx you discovered a change, feel free to express yourself in the comment section below.

Frequently Asked Questions on TriumphFX

Who is the owner of the TriumphFX company?

Unfortunately, the platform fails to provide who won or runs the company. They are anonymous.

What is the minimum deposit in TriumphFX?

Unlike other forex brokers, the minimum deposit is $100. But it does not end there, they do this so that they will convince others that they are real.

Is TriumphFX legit or a scam?