Note: Report Scam Community has conducted many researches before flagging TriumphFX as a possible scam in this TriumphFX Review.
Website – tfxi.com and triumphfx.com
Address – Republic of Seychelles & Lophitis International Center, 2nd Floor. Corner of Soteri Michaelidi and 28th October Street, CY-3035 Limassol
Warned By – Monetary Authority of Singapore (Singapore)
TriumphFX Review: Introduction
TriumphFX is an online trading platform claimed to be located in Cyprus and was founded in 2009. They claim to be providing trading services to investors, traders, and institutional clients. The website of the company is https://www.triumphfx.com/. They can be contacted by email at firstname.lastname@example.org or by phone at +357 250 303377. At first sight, the website looks good, but after research, we find that this broker is good for trading. Read a complete TNFX review to know why this broker is not trustworthy.
TriumphFX Review: Regulation
TriumphFX claims to be a Cyprus-based company that is regulated by the Cyprus Securities and Exchange Commission (CySEC). TriumphFX also claimed to be registered with the Vanuatu Financial Services Commission. But all these claims are not true because we find many proofs that show TriumphFX broker might be a scam broker; that’s why we include this broker in our scam broker 2022 list. Also, check the cryptocurrency scam list and the forex scam list before trading. To avoid scam brokers, go to the brokers’ regulation site and check whether they are regulated or not.
TriumphFX Review: Trading Instruments
TriumphFX provides investors with a limited number of trading instruments, such as more than 60 pairs of the most well-liked major currency pairings on the Forex market, minor currency pairs, exotic currency pairs, gold, and silver.
TriumphFX Review: Trading Account
TriumphFX offers three types of trading accounts: classic, gold, and premium. The spread starts at 0.1 pips for all accounts, and leverage goes up to 1:30. The base currency of the accounts is EUR, USD, and GBP. Information about the minimum deposit and withdrawal fee is hidden by the broker.
Deposit and Withdrawal Methods
TriumphFX offers its clients several types of payment options to deposit and withdraw funds, including VISA, MasterCard, wire transfer, NETELLER, Skrill, and AstroBank.
How does the TriumphFX scam work?
Online advertisements and social media sites are used by scam brokers to reach victims. They deceive you by making you money-making offers and deals that are so wonderful you can’t resist taking advantage of them. Scam brokers contact you right away and demand an initial amount when you click on these false advertisements.
These ploys consistently succeed with novice and uninformed investors. To draw in additional customers, some people create a copy of a legitimate broker’s website. Then, in exchange for a sizable sum, they promise you’ll make a significant profit. But later, you will realize that you are a victim of a shady broker and that thieves have stolen all your money when you attempt to withdraw it.
TriumphFX Review: Conclusion
We always suggest that you never trade with a TriumphFX broker since Report Scam believes they may be engaged in online fraud operations. Avoiding needless risk is preferable, and following a fraud with the appropriate action is also essential. If you were a victim of a TriumphFX scam, you were able to submit a chargeback for fund recovery. We provide a complaint form on our website that will help you in the fund recovery procedure. Our experts also provide a free consultation throughout the process. If you really want to trade online, the TriumphFX review and all other reviews help you to find a broker who is regulated and trusted.
Also, check OspreyFХ review.
Domain Age Information of TriumphFX
|Date Registered||January 13, 2008|
|Domain Age||14 years, 10 months, 12 days, 17 hours, 15 minutes, 49 seconds|
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