TriumphFX Commission or Brokerage Charges – Review, Plans, FAQs & more
Every year, many new people enter the financial market. Opening a trading account online has evolved into a new culture that many youngsters aspire to become a part of.
Meanwhile, TriumphFX has continued to grab traders’ attention from all over the world.
After all, this well-regulated online trading platform has a broad range of features and benefits to offer its every new client.
But we won’t talk about the features and benefits here but will try to touch on the most important branch of it – the TriumphFX Commission – which is equally essential to consider before you begin using it.
So let’s get started.
TriumphFX Commission or Brokerage Charges
Whether you are a long-term investor or a short-term trader, if you are using TriumphFX for your trading venture, make sure you do not forget to consider the TriumphFX Commission.
Trading charges and commission are indispensable subjects of trading. Stamp duty, Brokerage charges, Transaction Charges, and various other fees go into the process of creating a final bill for each trade you execute.
Therefore, it is essential to keep your eyes actively on the trading charges. However, this can be a tricky subject for many traders since this broker offers trading services via multiple trading accounts.
The diversity of trading accounts indicates more variations in features, benefits, so do conditions for commission are likely to vary for every account.
Such as, the broker makes a total of 5 trading accounts available to its clients – each with a different set of benefits to traders.
Though, these are even accompanied by some limitations that we will be briefly discussing ahead in this article.
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Types of TriumphFX Commission Plans
|Types of Commission Plans|
|Account Type||Standard Fixed||Standard Variable||Premium||Platinum||VIP|
|Initial Deposit||100 USD||100 USD||500 USD||2,000 USD||5,000 USD|
|Commission||No Commission||No Commission||6 USD||3 USD||No Commission|
Before we break down the key benefits, take a plunge into TriumphFX account types to discover the major areas of TriumphFX Commission that get an income to the broker but an expense to the client.
Please note – The broker makes income from both spreads and trading charges. So make sure you are already sorted on that. Let’s unwrap now-
Here are the five trading accounts with charges attached that you should know –
Standard Fixed Account
Standard Fixed account is one of the most affordable trading account types that got its name from its offering.
Clients opting for this trading account need to comply with the 1.6 fixed spreads condition. Although, trading is commission-free, adding a significant benefit.
As you submit a 100USD minimum deposit amount in your trading account, you are eligible to trade assets at TriumphFX.
Standard Variable Account
Standard variable offers similar trading facilities as one receives in a standard fixed account. The only difference that makes this trading account another great option is its variable spreads.
Spreads vary for every tradable instrument you opt-in Standard Variable Account.
Apart from that, no commission on trade is charged. The minimum deposit amount also stood at 100USD.
Premium account is advisable for average-level traders. As you submit 500USD in your trading account, you access competitive spreads starting from 0.6 pips.
However, TriumphFX Charges 6USD on each trading you execute as a part of the Premium Account.
Platinum Account can be the best fit for big players. Mainly for some good reasons that are built in the list of benefits offered to traders in this account.
However, in terms of spreads, the broker doesn’t offer anything too different because spreads start from 0.6pips in this account, too – like the previous one. Still, the 3 USD commission on trade can insist on changing our view again.
A VIP account can never fail to become a premier choice for traders or investors holding a large volume in portfolios. You receive relief from TriumphFX Fees.
The broker doesn’t charge any fees on trades. Spreads also start from 0.5 pips. The only thing which may take you badly is the 5000USD minimum balance condition which is pretty high.
TriumphFX Account Opening Process
Confusions in the TriumphFX Commission regime are very obvious. But you should strive to resolve it as soon as possible to ensure you don’t fall into any puzzling state at the steps onwards.
Especially during the account opening process, make a wise selection and go ahead.
- Like always, we will be beginning with the basic log-in requirements – submit an email address and set a solid password to qualify the first step.
- Submitting log-in details provides you free access to the demo account
- Since we want to log in to a direct trading account so click on “Open Trading Account” first
- Enter more details now, including identity details, address with legal proof to qualify for the EKYC
- In the meantime, you will be asked to make a selection between TriumphFX trading account types where you will be exposed to major TriumphFX Brokerage and TriumphFX Fees
- So choose wisely and proceed (account types have already been discussed above)
- Submit minimum deposit amount in your trading account and execute your first trade online
You can even take the help of a demo account if you are unclear about the trading activities. The ups and downs attached with trading at TriumphFX also come to light.
TriumphFX Payment or Withdrawal Methods
|Deposit Options||Visa, Mastercard, Skrill, Neteller, AstroBank, Deutsche Handelsbank, UnionPay, BankWire|
|Withdrawal Options||Visa, Mastercard, Skrill, Neteller, AstroBank, Deutsche Handelsbank, UnionPay, BankWire|
Let’s discover the major payment gateways you are exposed to at the TriumphFX trading platform.
However, in addition to the TriumphFX Commission, you don’t pay anything against transactions.
From account funding to making withdrawals, you are exposed to a broad range of payment methods to make a seamless transaction. In a nutshell, the broker provides the following payment options –
- Deutsche Handelsbank
- UnionPay and BankWire
It isn’t just TriumphFX Brokerage, but transaction charges too can heavily impact your profitability. So consider tick-marking every point that you think is more likely to invite unforeseeable charges.
Such as, transaction charges can be a matter of concern in most payment methods.
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TriumphFX Investment Assets
|Total Tradable Assets||NA|
|Number Of Currency Pairs||10|
|Number Of Cryptocurrencies||NA|
|Number Of Stocks||NA|
|Number Of Indices||NA|
|Number Of Commodities||NA|
|Number Of Futures||NA|
|Number Of Options||NA|
|Number Of Bonds||NA|
|Number Of ETFs||NA|
Sadly, TriumphFX isn’t a multi-asset trading platform.
The broker doesn’t provide you access to hundreds of thousands of trades. TriumphFX is just a Forex Trader allowing you to trade major, minor and exotic currency pairs through one platform through a single user interface.
TriumphFX Commission is exclusively decided by each asset type you choose for trading.
In addition to Forex, the broker also makes precious metals available to trade.
But throughout your journey with the trading platform, make sure you have your active eyes on TriumphFX Fees which may vary with the trading account and trading asset you choose.
TriumphFX Commission – Conclusion
In this whole discussion, we have left no stone unturned in identifying the key areas where TriumphFX charges are higher and lower.
Although, on this walkthrough, we believe that TriumphFX charges are reasonable. The broker charges high from higher-level traders and keeps it affordable for retail traders.
In addition, you should even strive to know that it isn’t a multi-asset trading platform. You are only offered one market for trade, e.g., Forex Market.
In addition, you can only trade a few precious metals at TriumphFX. Luckily leverage support is offered up to 1:500, which means a lot to every Forex trader who wants to hit the jackpot with small capital.
More about the regulation, features, and trading charges of this trading platform is available on TriumphFX official website.
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TriumphFX Charges or Fees – FAQs
Here is the list of FAQs related to the TriumphFX Brokerage Charges or Fees:
TriumphFX Charge Commission?
Yes. TriumphFX charges commission on trade. But the rule doesn’t apply to every trader.
To simply put, the broker charges commission on trade-in Premium and Platinum accounts while trading is commission-free in standard accounts and VIP accounts.
Hence, you can trade at TriumphFX without worrying about the commission.
But it’s worth noting that the second income source of the broker is built-in spreads- also known as the difference between the bid and ask price.
How Much Does TriumphFX Charge Brokerage?
TriumphFX brokerage can be anything between 3 USD to 6 USD on a single trade. You are advised to check brokerage carefully before plunging into the trading industry.
However, the broker has kept commission-free trade conditions on mostly trading account options.
But you may get to see the higher spreads there. So choose accordingly to ensure your trade stays profitable.
What Is The Minimum Deposit Required In TriumphFX?
The minimum deposit amount you submit to access TriumphFX Trading services can be anything between 100 USD to 2000 USD.
It depends upon which trading account you select for your trading venture. If you are a beginner, you can start with only 100 USD or 500 USD to access standard trading features on the go.
How Much Leverage Does TriumphFX Provide?
TriumphFX leverage ratio can be split into two for both retail and professional users. However, the broker has mentioned that it offers you leverage in 1:500 value.
Still, you should look at the trading account to find the exact leverage support that broker makes available to its users.
Lower leverage directly indicates that you will have to bring extensive capital in for successful execution in trading.
How Much Is Spread At TriumphFX?
Spread at TriumphFX can be anything between 0.3 pips to 6 pips. It depends upon your trading account choice. The broker offers you a broad range of trading accounts to select from.
Each offers you a different trading facility with varying trading charges you need to comply with.
What Types Of Commission Plans Are Available In TriumphFX?
TriumphFX commission is primarily built-in spreads. The second source that drives good income to the broker is the ‘charges on trade.’
Although the broker offers a zero-commission trading facility available to its users, you still need to keep your active eyes on the commission structure, which may vary from one trading account to another.
Does TriumphFX Provide Cryptocurrency For Investment?
No. TriumphFX doesn’t provide crypto-currency for investment. In the place of that, you are only offered forex pairs, which means you can access major, minor and exotic currency pairs at TriumphFX. Moreover, precious metals trading is also available at TriumphFX.
Is TriumphFX A Legit Forex Broker?
Yes. TriumphFX is a legit Forex Broker. The broker is CySEC regulated and has been operational since 2010. No wonder you can call it a trusted trading platform.
You can trade at TriumphFX via the industry-leading MetaTrader 4 trading platform. Altogether, you can find a trusted choice for sure.
Can I Invest In TriumphFX With $5?
Yes. You can invest in TriumphFX for a mere $5 only. But it’s worth noting that before you trade, you need to submit a minimum deposit amount which starts from $100.
In case you are unable to submit the minimum deposit amount, you can’t trade an asset at TriumphFX.
Also, with $5 only, you may not be able to trade every asset at TriumphFX because the broker deals only in the Forex Market.
This means you will have to select currency with fewer market prices to fill up your slot.
Are There Any Hidden Charges Available With TriumphFX?
No. There are no hidden charges available with TriumphFX.
However, charges on the transaction can sometimes become quite annoying because the broker doesn’t charge them, but it is your financial institution or bank that may charge you. So make sure you review them first and take an appropriate trading decision.
Fill up the Form – Open Forex Trading Account Now!
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