TriumphFX review - Traders ratings and regulatory warnings.
1 star review by abiakpo60, Nigeria
What is TriumphFX (TFXI)?
TriumphFX is a forex broker established in 2010 and regulated by CySEC (Cyprus) for its European division TriumphFX.com and by the FSA of Republic of Seychelles for the international TFXI.com part of the company. In 2021 Vanuatu Financial Services Commission issued Notice of Fraud Certificate that lists TFXI as company that could be illegally carrying out financial services. Earlier in 2015 Hong Kong SFC listed TFXI as an unlicensed entity.
TriumphFX offers Metatrader MT4 as a sole trading platform with both desktop and mobile versions. TFXI trading instruments include over 55 forex pairs, precious metals CFDs; leverage is limited to 1:30 for the European division and is up to 1:500 for the international one.
Please read TriumphFX Reviews below and share live trading experiences with TFXI broker.
TFXI.com is on the list of companies in the notice. CLICK HERE to confirm.
Broker Details
Minimum Trade Size: | 0.01 |
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Maximum Leverage: | 500:1 |
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Minimum to Open Live: | $100 |
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Established: | 2010 |
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Address: | Lophitis International Center, 2nd Floor. Corner of Soteri Michaelidi and 28th October Street, Limassol, CY-3035, Cyprus |
Contact: | support@triumphfx.com, +35725030337 |
Regional offices: | |
Regulators: | CySEC #293/16, FSA-S #SD080 |
Prohibited countries: |
Trading platforms: | MT4 |
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Web Trading: | β Yes |
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Mobile Trading: | β Yes |
ECN: | β Yes |
Currencies: | (110+) |
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Cryptocurrencies: | |
CFD: | (10+) Gold, Silver, Stocks, Stock Indexes, Bonds, Oil, Other Commodities |
Trading Conditions |
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EAs/Robots: | β Yes |
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News Trading: | β Yes |
Scalping: | β Yes |
MAM: | β Yes |
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PAMM: | β Yes |
Deposit Methods: | Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Neteller, PayPal, Skrill |
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Withdrawal Methods: | Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Neteller, PayPal, Skrill |
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TriumphFX Most Helpful Customer Reviews
Reliable Trader with fast withdrawals. (Fake review from a TFXI employee)
The FPA would like to note that there are factual errors in the comment TFXI's representative submitted to this review.
This review page was NOT created or approved on July 30, 2019. This review page has been on public display and has been ready to accept reviews since March of 2017. TFXI's CEO was informed by the FPA that the review page had been online since 2017 on August 2nd, 2019, so the FPA is very surprised that TFXI's representative still claims the page is new.
The change mentioned in July was just the addition of detailed broker data. That was expected to take several days. The addition of that data had no effect on the page's ability to accept review submissions or the moderation of reviews.
Every reviewer must check a box certifying several items. One of those is "I have no business or personal relationship with the reviewed company or any of its competitors, except as a client".
There is no option to "test" the FPA's review moderation process. If a new page is submitted with an accompanying fake "client" review from a company, that review gets set to Zero stars exactly the same as if the page had been approved years ago.
Company employees submitting fake "client" reviews is illegal in the USA and many other jurisdictions. This action is always unethical.
The FPA is disappointed that TFXI chose this course of action and hopes they have learned a lesson from it.
This review came from the same location in Cyprus used by a representative of TriumphFX. Per FPA policy, the rating on this review has been set to Zero stars.
Usse fake trades to lose all the investors money,
Difficulty in getting my withdrawal
Dear Udoh Gabriel Akpan,
Thank you for contacting us and the patience in waiting your ticket to be attended as we are experiencing high ticket volume.
While your request is being reviewed and processed by our Accounts Department, we wish to inform that you may experience a little longer delay than you expected for the funds to be credited your account.
This is due to recent strict and a cautious approach imposed by the banks all over the world. As a result of this the banks have capped the number of Outward Telegraphic Transfer on a weekly basis which is a very small number. And we have to adhere to the new checks and balances imposed by the banks. However, we are constantly looking for better option to accommodate and facilitate withdrawal procedure.
Due to this there might be a little longer delay (expected to be 14 working days or more) in processing the withdrawals of our valuable clients. But we hope this prevailing situation would change and normalcy would prevail within a very short period. We are glad that our loyal clients as usual will still co-operate with us going forward as in the past.
Thank you.
Regards,
TFXI Support Team
It is now over three weeks and still my funds (deposit and profit) is still with them. Despite the fact that they took commission of USD6 per lot, they are still holding to my money. Be warned accordingly. They are not reliable. I have not given up and still hope that they may be having challenges or they are bankrupt. I will review my ratings here when I receive my funds.
PREVIOUSE WITHDRAWAL PROBLEM RESOLVED
I wish to request that my previous feedback change.
Thank you
Mwale Pamela
Apr 6, 2020 - 1 Star This broker is the biggest scam of this genaration and i want all traders to stay away from them.
They will respond to your tickets/massages when opening an account,but after making a deposit and you try making any withdrawal, they hardly respond and will steal your money.
I deposited and traded manually from $300 to $11,000. immidiatly i made a withdrawal request i got this massage below:
Dear Mwanle Pamela Philemon (1503113)
Abnormal Transactions
You are receiving this ticket because your account has been highlighted as ABNORMAL TRANSACTIONS in accordance with our Order Execution Policy.
30% of your trade volume open time less than 10 minutes
Great variation in trading volume
Inline with our Order Execution Policy:-
Your MetaTrader 4 Live Trading Account has been disabled from placing orders
Your initial deposit will be refunded back to you
Your earnings will be nullified
Please provide your bank account details by replying to this ticket to process refund.
Thank you.
Regards,
TFXI Support Team
This massage shows they are scam and they were ready to steal my money.
They offered to refund my deposit which they never did or even reply any of my emails.
I have snapshots of my tradings and acounts details but i could not upload here.
STAY AWAY.FAR AWAY.
tfxi.com IS A BIG SCAM PROJECT.
cancellation of profit
Everything was fine until request for withdrawal
I'm waiting for my money it is more than a month.
I received only a deposit after request of withdrawal from 1 month!!!
Very bad support, don`t answer me.
My profit is 3337$ and they cancelled all profit
STAY AWAY FROM THIS BROKER
Recent User Reviews of TriumphFX
Reliable Broker and Fast Withdraw!
You can choose the fund manager with good performance and they have different manager for helping you secure profit .
It’s helping me reduce my financial burden every month and I can have more time to spend with my family .