TriumphFX Review – Online Platforms, Commission, Leverage, Account Types, Features & moreLast Updated Date: Apr 27, 2022
The choice of a broker can make or break your dream of becoming a successful trader. Therefore, it is always advisable to review your broker carefully before proceeding.
Such as, if you find TriumphFX the best fit for your trading move, let this TriumphFX Review find out how correct you are.
Trading charges, accepted countries, features, and benefits of Triumph FX, we have covered everything in brief in the discussion below.
About TriumphFX & Accepted Countries
|Founder / CEO||Joel Benedict|
Before we start rounding up the key features, facilities, and benefits of Triumph FX in this TriumphFX Review, it’s necessary to get a brief overview of the broker’s performance in the past.
Joel Benedict founded the trading platform in 2010, which has been drawing positive responses for its trading service.
The broker has been regulated by the Cyprus Securities Exchange Commission (CySEC ) under the License number 293/16.
Moreover, TriumphFX is a subsidiary of a Cyprus-based company Triumph Ltd. making it a reliable trading platform.
No wonder TriumphFX isn’t going anywhere for the years ahead.
Hence you can confidently register yourself on this trading platform and execute orders.
Unfortunately, unlike other online brokerage firms, TriumphFX doesn’t provide multi-language support to its users.
You are only offered the English Language for trading.
Other language access is absent. However, the broker doesn’t share any information about its availability in different countries.
Europe-based clients can use TriumphFX without any hassles.
Open a Forex Trading Account Now! – Fill up the Form
TriumphFX Trading Platforms
|Desktop Platform – Windows||Yes|
|Desktop Platform – Mac||Yes|
|Desktop Browser Platform||Yes|
|Mobile Site Platform||Yes|
|Android App Platform||Yes|
|iOS App Platform||Yes|
|Windows App Platform||No|
|Other Mobile OS Platform||No|
|Trading Platform Supported Languages||English|
TriumphFX is a Cyprus-based brokerage firm that predominantly deals in Forex and Precious metals. Unlike other trading platforms, you don’t have access to multiple tradable items.
Still, you can choose Triumph FX if you are interested in Forex Market or Precious metal trading.
If we talk about the trading platform, TriumphFX offers you MetaTrader 4 access. You can use this industry-standard trading platform to execute orders, conduct market analysis, and so on.
However, this choice isn’t surprising because most online trading platforms have at least one Meta Trader trading platform to offer.
But in the TriumphFX case, the best thing is that you can use the MT4 trading platform in any version.
From mobile, web browsers to simplified tools and software, use the trading platform on any device. Mostly Triumph FX’s features come along with automated trading capabilities.
The broker aims at providing you with ease of access to each trading facility and ensures building the best user experience on its trading platform.
TriumphFX Mobile App
After getting a brief overview of the broker through this TriumphFX Review, let’s focus on mobile users’ experience with TriumphFX.
Like other trading platforms, the online broker also provides TriumphFX App, which must be mentioned in this review.
The mobile app by Triumph FX also serves MT4 integrated trading services to mobile clients, which is a plus point.
Overall, functions and features on mobile app deliver a similar user experience as it is delivered on the desktop platform.
If you are also a mobile trader, then this mobile app is more likely to help you in multiple ways.
It is a handy trading solution because you can get in touch with the ups and downs of the markets.
Updates on price alerts, market trends, and other financial news are also shared with clients on mobile.
Even though you are a desktop user, you must download this app to stay updated with your portfolio.
Check out Mobile Apps of more Forex Brokers
TriumphFX Commission or Brokerage or Fees
|Commission on trades||Yes|
TriumphFX Commission and brokerage charges can frustrate many clients because the broker charges commission on trade per lot. Also, the minimum deposit is fixed at $100 only.
This means you can access trading services until you submit and maintain the minimum deposit amount in your trading account.
Besides trading charges, charges on withdrawals are also levied. Especially if you are using cards for withdrawals, $3 will be charged.
Spreads are also fixed at the Triumph FX trading platform, making it easier for clients to have clear insight into market price patterns.
However, trading charges can sometimes be decided by the trading account you are using.
To simply put, the broker provides a total of four trading accounts to its users about which we will be discussing next in this article.
TriumphFX Exposure or Leverage
In our TriumphFX Review, another brilliant thing we found about their trading services is that you are offered access to a whopping 1:500 leverage.
This means you can trade 500 times the amount you spend for trading.
But leverage can be subjected to high risk. Therefore the broker makes such big leverage support available to its professional clients.
The broker offers multiple trading accounts on its trading platform; each has been tailored to users’ requirements.
Hence, for better clarification, you can review each account individually.
Payment Methods provided by TriumphFX
|Deposit||Visa, Mastercard, Skrill, Neteller, AstroBank, Deutsche Handelsbank, UnionPay, BankWire|
|Withdraw||Visa, Mastercard, Skrill, Neteller, AstroBank, Deutsche Handelsbank, UnionPay, BankWire|
Unlike other trading platforms, we don’t see any complexities related to the transaction at TriumphFX.
Payment modes are quite straightforward. The major payment options that you can use to fund your account are as follows –
- Visa, Mastercard, Skrill, Neteller, AstroBank, UnionPay, Deutsche Handelsbank, BankWire
Withdrawals can be made using similar payment modes. But make sure you are aware of the associated charges.
Few transactions are free of cost, while few payment methods have underlying rules and conditions.
Such as, payments made via MasterCard or any type of card are subjected to charges up to $3.
Find out Payment Methods provided by other Forex Brokers
|Windsor Brokers||Blackbull Markets||City Index||Plus500|
|XTB||Blueberry Markets||HotForex||Naga Broker|
Investment in Asset Classes or Markets by TriumphFX
|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|
As discussed above in this TriumphFX Review, the broker deals in forex and precious metals in the mainstream.
In Forex trading, you are offered access to 60+ currency pairs and are allowed to trade in all major, minor, to exotic options.
If we talk about precious metals, the broker deals in only gold and silver that you can trade against USD.
Both asset classes can be traded via the MT 4 trading platform. However, you can also trade CFDs on Triumph FX.
TriumphFX Virtual Trading or Demo Account
A virtual trading platform or demo account is like a cherry on the top. You are not required to submit a real amount in your virtual trading account.
Maintaining the minimum deposit amount in a trading account is also not essential if you use a demo account.
The broker offers free access to its clients on the virtual trading platform.
The best thing, you can use virtual trading services via TriumphFX App too.
If you are a fresher in the trading world, then let’s help you understand that a demo account is a practice account where beginners or sometimes professional traders learn trading.
You can deploy your recently studied strategies and examine outcomes in a demo account at the same time.
At zero risk, you can learn trading activities.
You are offered unlimited virtual money in the TriumphFX demo account that you can lose, multiply without putting any adverse impact on your bank balance.
TriumphFX Offers or Deals
|Free Learning Courses||Yes|
|Free Demo Account||Yes|
|Discount on Brokerage||Yes|
|Flexible Brokerage Plans||Yes|
|Forex Trading Contest||No|
|Trading Bonuses & Rewards||No|
Unfortunately, TriumphFX doesn’t have exciting offers, deals, or promotions that insist you on landing at this trading platform in a hurry! The broker is straightforward about its services.
There’s no flashy offer or deals showcased on the homepage.
But a special treat is offered to TriumphFX’s affiliates and advertising partners.
Referral clients sent by any advertising partner of TriumphFX can also access trading facilities at discounted prices.
TriumphFX Regulation or Licensing
TriumphFX isn’t licensed by multiple trading platforms.
The broker gets a license from a single regulator’s body, named – Cyprus Security Exchange Commission. In addition, the broker also gets licensing from other small regulators.
Find out Regulations & Licensing of more Forex Brokers
|Social Trading / Copy Trading||Yes|
|Guaranteed Stop Loss||Yes|
|Guaranteed Limit Orders||Yes|
|Guaranteed Fills / Liquidity||Yes|
|Trading From Chart||Yes|
|Interest On Margin||Yes|
|Other Trading Features||Yes|
Here comes the most interesting part of this TriumphFX review. Features play a significant role in making TriumphFX a successful trading platform.
After all, these features aren’t ordinary. TriumphFX is a forex-specific trading platform.
Therefore, you can discover a wide range of benefits, features, and educational facilities the broker provides.
To simply put, the broker makes a Forex glossary available to its clients – the best thing for beginners.
In addition, a brief tutorial on the forex market and related strategies are also available inside.
Beginners can take the help of these educational sources available on the TriumphFX App too and learn the execution at the same time on the demo account.
Apart from that, economic calendars and market news is also a significant benefit offered to traders at this online trading platform. The best thing, no deposit fees are levied.
Also, the trading account has been tailor-made to meet the exact requirements and trading styles of traders.
TriumphFX Account Types
Take a look at the types of accounts that the company is offering:
|Account Type||Standard Fixed||Standard Variable||Premium||Platinum||VIP|
|Initial Deposit||100 USD||100 USD||500 USD||2,000 USD||5,000 USD|
|Commission||Free||Free||6 USD||3 USD||Free|
In the entire review, we have addressed the TriumphFX trading account and its significance in various stages. So now, let’s explore the account type available at the trading platform.
Including a demo account, TriumphFX offers four trading platforms.
The other three are premium accounts named Classic Account, Gold Account, and Premium Account.
Each account has varying TriumphFX Commission conditions. Moreover, leverage support in each trading account is also different.
However, at first glance, the account offering in each account sounds similar. Still, there are certain things you must consider re-checking.
TriumphFX Trading Account Features
Check below all the trading account features under various account types:
|Trading Desk Type||NDD|
|Min Deposit||$ 100|
|Suitable for beginners||Yes|
|Suitable for professionals||Yes|
|Suitable for scalping||Yes|
|Suitable for daily trading||Yes|
|Suitable for Weekly trading||Yes|
|Suitable for swing trading||Yes|
TriumphFX – Research & Advisory
Find below all the different reports and support provided by its Research & Advisory team:
|Daily Market Commentary||Yes|
|News (Top-Tier Sources)||Yes|
|Company Stock Review||Yes|
|Free Stock Tips||Yes|
Here are the leading benefits of joining the TriumphFX trading platform-
- STP execution provides you with the price for the requested volume
- A trading platform backed by a solid regulation
- No fees on the deposit amount
- Negative balance protection is offered
- Seamless transaction mode
- Dedicated Metatrader 4 trading platform
- Demo account available with virtual currency
- Interactive user-interface
- User-friendly customer support
TriumphFX Cons or Drawbacks
Here are the leading drawbacks pointing at some negative sides of the TriumphFX trading platform –
- TriumphFX Commission is high on trade
- $100 deposit amount is also not fair
- Charges on withdrawal is a major negative point
TriumphFX Trading Hours
Trading hours at TriumphFX have been split into two seasons. In winter and summer, you receive two different timing on each tradable instrument.
In general, you can trade 6 days a week on the TriumphFX Trading platform except on Saturday because the information provided by the broker can’t be accurate for all times.
But it’s worth noting that the exact time schedule of TriumphFX can be different. Hence, for clear insight, you should stay updated with the real market.
TriumphFX Customer Care or Contact Details
|Support During Weekends||Yes|
|Live Chat Support||Yes|
|Customer Support Languages||English|
TriumphFX provides 24 hours a day and 7 days a week customer support to its clients.
So any time, feel free to raise your concern and contact TriumphFX representative using the following contact details:-
Phone line – +35725030337
- Complaints: email@example.com
- Support: firstname.lastname@example.org
You can also send a direct message from the live contact form available on the “Contact Us” page on the Triumph FX website.
TriumphFX Safety & Security
TriumphFX is licensed by the Cyprus Security Exchange Commission – one of the trusted regulations in European and other nations.
This gives us a clear indication of the broker’s overall credibility and overall trustworthiness. Hence, you can always feel confident about your every trade.
TriumphFX Rating & Reviews
Based on different users and their experiences below are the company rating and reviews:
|User Experience||7.0 / 10|
|Products & Services||7.6 / 10|
|Brokerage Charges & Fees||7.1 / 10|
|Research & Advisory||7.2 / 10|
|Trading Platforms||7.1 / 10|
|Overall Ratings||7.2/ 10|
|Total Client Reviews||70|
TriumphFX Forex Broker – Conclusion
You find TriumphFX your one-stop solution, especially if you are a forex trader.
The broker provides you access to 60+ currency pairs, each with major, minor and exotic currency pair options.
Apart from that, one can also trade precious metals such as gold and silver at the TriumphFX Trading platform.
Educational facilities and demo accounts are the noteworthy features of TriumphFX.
Whether you are a beginner or a professional trader, Triumph can be the best choice for you.
TriumphFX Forex Broker FAQs
Here is the list of FAQs related to the TriumphFX forex trader:
Is TriumphFX Safe For Trading?
TriumphFX is one of the safest online trading platforms where you can trade major, minor, to exotic currency pairs on the go.
In addition, precious metals trading is also available at the TriumphFX trading platform that you can trade without any trust issue because Cyprus Security Exchange Commission gives licensing to this trading platform.
What Is The Commission For TriumphFX?
Commission for trading at TriumphFX can vary. However, the broker’s primary income source is built-in fixed spreads.
Still, trading account variations, on the other hand, are also a leading contributor in commission and expenses associated with trading online at TriumphFX.
How To Open a Trading Account With TriumphFX?
You can open a trading account with TriumphFX with a minimum deposit amount of $100.
However, for a beginner, $100 is above average deposit commission because other online trading platforms have free access for their clients. Whereas, few accept your request with a few dollars only.
Can I Invest In Cryptocurrency With TriumphFX?
No. You cannot invest in cryptocurrency with the TriumphFX trading platform.
The broker predominantly deals in forex and precious metals alone.
In addition, you can also enter CFD trading to enjoy more profitability. But make sure you know the volume ratio of risk involved with CFD trading.
What Leverage Does TriumphFX Provide?
TriumphFX offers leverage up to 1:500 to its users. But the exact figure varies, depending largely on the trading account type.
The broker makes leverage support available differently to both retail and professional clients.
Retail clients can access relatively lower leverage, whereas professional ones can access higher leverage support which is an obvious thing.
Does TriumphFX have a Trading App?
Yes. TriumphFX has a trading app that brings a convenient trading experience for traders.
You can use the TriumphFX app for order execution, price analysis, and other helpful things that can be done on the mobile app.
Getting market insights is also easy on the TriumphFX trading platform.
How To Contact TriumphFX Customer Care?
You can contact the TriumphFX customer care team using the following support networks.
- Phone line: +35725030337
- Emails: Support: email@example.com, Complaints: firstname.lastname@example.org
Is TriumphFX Regulated?
Yes. TriumphFX is a well-regulated online trading platform.
The broker gets regulation from Cyprus Security Exchange Community (CySEC). In addition, some small regulators also give licenses to the broker.
Is TriumphFX Good For Beginners?
Yes. Triumph FX is one of the brilliant choices for aspiring forex traders.
The broker makes the Forex glossary available to its clients, including a suite of forex essentials that guides you thoroughly on forex marketing and how strategies are utilized.
Who Founded TriumphFX?
Triumph FX was founded by Joel Benedict in 2010.
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