TriumphFX Trading Account – Review, Types, Process, Benefits, Charges & more

Find out all details about the TriumphFX Trading Account here.

TriumphFX is a well-regulated online trading platform providing traders access to quality trading solutions since 2010.

Don’t expect anything great; you will only set yourself up for disappointment; the trading platform popularly deals in Forex and Precious Metals Trading only.

In addition, no tradable item is found on TriumphFX. Still, in a limited market, you are exposed to several great opportunities.

To simply put, if you are a forex trader, you can expect less anxiety but more profits at TriumphFX.

Thanks to the trading account by TriumphFX – about which we’ll exclusively talk in this discussion below – because it is equipped with lots of great features and functions that directly benefit a forex trader.

TriumphFX Trading Account and Benefits

TriumphFX Trading Account benefits a trader in numerous ways. The biggest benefit is the trusted image that this trading platform built in the industry.

The broker is CySEC regulated (Cyprus Security Exchange Commission) and successfully provides trading services worldwide.

Moreover, if we solely talk about tradable instruments, they range from Forex major, minor and exotic currency pairs. In addition, precious metals such as Gold and Silver are available, which you trade against USD.

Competitive leverage support is an added benefit offered to Forex traders. You trade at TriumphFX via popular MetaTrader 4 software, deemed one of the best trading tools for its fast server and smooth functions.

The extended list of features is also a great benefit you are exposed to upon joining the TriumphFX trading platform, and next, we will be discussing it briefly.

But before, let’s have a look at the trading account charges because this is something you can’t slip upon.

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Find Trading Account Services of other Forex Brokers

TriumphFX Trading Account Charges

TriumphFX Trading Account charges can seem hard to digest, but that’s a reality. The trading platform charges a specific amount as a fee or commission from traders – whether directly or indirectly – charges exist, and we can’t deny them.

The major expense begins right from the moment you enter a trading account because you are asked to keep a minimum deposit balance in your trading account.

TriumphFX asks its users to submit a $100 minimum deposit amount in their trading account.

You can’t withdraw, nor can you use this amount for trading activities at TriumphFX.

If we talk about trading charges, they are subjected to certain conditions. Since you are exposed to a diverse trading account at TriumphFX, each with separate rules and trading conditions, the difference in trading charges can be found.

Luckily few trading accounts don’t cut even a small chunk from your profits as a trading account.

While other trading accounts charge a significant amount as a trading commission, the benefits attached to them still make them a fair deal.

For better clarification, you should look at the TriumphFX account types and their key offerings.

Types of TriumphFX Trading Account

Below we have broken down the major trading account types you are offered at the TriumphFX Online Trading platform.

Standard Fixed

A Standard Fixed account can be accessed with basic log-in information and a 100 USD minimum deposit amount.

A no-commission trading facility is offered in the TriumphFX trading account, but fixed spreads of 1.6 pips can be an unexpected thing. However, 1:500 leverage is decent.

Standard Variable

Standard Variable accounts have similar features that you get to see in Standard Fixed accounts.

You submit a 100 USD minimum deposit amount and are exposed to a no-commission trading facility. Leverage is also the same except for 1.6 pips on variable spreads.

Premium

Premium deposit is more recommended to professional account users.

You need to submit 500 USD to access a premium trading account and reap the benefits of 0.6 pips.

However, 6 USD is charged as a commission on trade, and the leverage also stood at 1:500.

Platinum

Platinum account users receive relief in commission on trading as they need to pay only 3 USD per trade. But 2,000 USD for minimum account balance makes it a fairly costly deal at first glance. For trading, no leverage above 1:500 is offered.

VIP

VIP account is the best and most popularly used trading account among pro-level traders.

You are asked to submit 5,000 USD. Spreads of 0.5 pips are the lowest, and no commission on trading.

TriumphFX Account Opening and Trading Process

Let’s have a look at the TriumphFX Trading Account opening process.

After that, we’ll be discussing the steps of trading at the TriumphFX trading platform. So let’s begin-

• First, make a well-informed decision over the trading account type you find the best fit for the journey. Choose from the standard fix, standard variable, premium, platinum, and VIP trading account.
• Now, submit your email address at the TriumphFX trading platform.
• Give your personal details, including first name, last name, date of birth, official address, tax details with legal proof. In the eKYC process, the user’s picture may be asked to submit.
• Proceed and submit the minimum deposit amount ranging from a few dollars, such as $100 to $5000.
• Start trading!

Since TriumphFX principally deals in the Forex market, you are asked to download the MT4 trading platform.

MetaTrader 4 is an industry-standard software available in both desktop and mobile versions. Traders usually use MT4 for forex trading.

You can download MT4 directly from the broker’s official website or take the help of app stores.

The overall process of installing and integrating MetaTrader 4 with the TriumphFX trading account is simple.

You can even take the help of a broker’s tutorial on MetaTrader 4 installation.

A demo account is the best way to learn the nitty-gritty of forex trading, which is offered free of cost here. Simply log in to TriumphFX and switch to paper trading/ virtual trading/ demo account etc.

The process of buying currencies is unlike buying assets in stock markets.

Your core focus should be on spreads, pips, and legality of trade because most countries don’t allow forex trading. Instead, you are only allowed to trade specific currencies.

Find Different Trading Account Types of Forex Brokers

TriumphFX Trading Account – Features

The features you see inside the TriumphFX Online Trading platform are totally incredible. The first thing is, the broker doesn’t own any trading platform.

It solely provides trading services via Meta Trader 4 trading platform.

This indicates you can access multiple indicators, charts, trading tools, risk-management features, and much more on a single interface.

Technical analysis is easy to conduct, thanks to the responsiveness of MetaTrader 4 software that runs on the fastest server.

It is faster enough that you will never be likely to face any issues related to trade execution or quick switching between instruments.

TriumphFX is like a goldmine to forex traders because all major, minor and exotic currency pairs can be found here.

Each is tradable against USD so make sure you are prepared with an arrangement and robust calculation to avoid any discrepancy in profitability.

Demo account and educational resources access are commendable features of the TriumphFX trading account.

You can learn and execute trades at the same time because the broker provides you with a clear understanding of a particular segment of trading.

Still, commission and charges on trade are likely to become a matter of concern for many traders because AMC and overnight fees are also levied in addition to trading charges. But these additional charges are somewhat reasonable.

Check out Online Trading Services of FOREX Brokers

TriumphFX Trading Account – Conclusion

It’s no surprise that we have discovered lots of great things about the TriumphFX Trading Account. You can access a commission-free trading experience at TriumphFX.

The place is heaven for forex traders because they are exposed to a wide range of forex currency pairs.

In addition, precious metals such as gold and silver are also tradable at the TriumphFX trading platform.

Thanks to a demo account that guides you properly on how currencies are traded online at TriumphFX.

Forex glossaries are the best helping hand if you have no idea about a particular forex segment.

The overall review of the TriumphFX trading account gives us some positive signals towards TriumphFX credibility and its benefits to traders.

TriumphFX Online Trading – FAQs

Here is the list of FAQs related to the TriumphFX trading account:

Does TriumphFX Provide Online Trading?

Yes. TriumphFX provides online trading facilities to traders around the world. From conducting market research to order execution, everything is carried out online.

Even registration and KYC are done through online mode.

Simply use your device, submit your identity and tax-related documents in the asked fields and use your phone camera to capture your picture for verification.

What Are The Commission Charges In TriumphFX?

TriumphFX does provide a no-commission facility to traders. But the facility isn’t available in every trading account the broker offers.

To simply put, TriumphFX has a total of 5 trading accounts, and $6 is charged per trade only in Premium Account.

Other trading accounts’ income source is primarily built-in spreads, and no commission on trade is charged.

Does TriumphFX Provide Demo Account Trading?

Yes. In addition to TriumphFX’s total 5 trading accounts, you are offered a demo account free of cost. This virtual trading account gives you the best virtual tour of the trading environment.

You can learn to build a solid foundation in forex trading.

On top of that, virtual funds are an added benefit that you can use for a real trading experience.

Is Trading Free At TriumphFX?

No. Trading isn’t free at TriumphFX.

You are required to submit a minimum deposit amount in your trading account, which would be your minimum balance as well.

In addition to that, a commission is charged on trade if you are opting for a Premium Trading account.

Although, the broker’s primary income source is built in the difference of bid and ask price.

Only virtual trading accounts can be accessed at no cost.

Does TriumphFX Provide Spot Metals Trading?

Yes. TriumphFX provides spot metals trading. The broker predominantly deals in currencies, but in addition to that, you are offered Gold and Silver metals for trading at TriumphFX.

So feel free to trade metals anytime, anywhere because the TriumphFX trading platform is a flexible trading solution to buy and sell currencies and metals at once.

What Are Spot Metals Trading Charges At TriumphFX?

Spot metals trading charges at TriumphFX are mainly dependent upon the trading account conditions.

It is because the broker provides diverse trading accounts to its users, and each follows separate rules and conditions for trading.

So make sure you review your trading account carefully before investing in your desired assets.

Does TriumphFX Provide Stock Trading?

No, the TriumphFX trading platform doesn’t provide stock trading.

The broker deals in forex and precious metals in the mainstream. In addition, no other assets are available for trading at TriumphFX.

Forex traders can trade at TriumphFX via the most popular Meta Trader 4 software, which is fast, secure, and delivers a smooth user experience.

What Is Spread At TriumphFX?

Spreads at TriumphFX can vary from one trading account to another.

The best thing about opting for a TriumphFX trading account is that you are offered the freedom of selecting between variable spreads and fixed spreads.

However, big traders can reap a significant benefit of trading via TriumphFX because you are exposed to the lowest spreads and no commission.

But for that, you need to maintain a relatively higher balance in your trading account.

Is TriumphFX Safe For Trading?

Yes. TriumphFX is safe for trading.

The broker is CySEC regulated and operational since 2010. Hence, you can call it a trusted trading platform by all means.

Does TriumphFX Provide Trading Tips?

You can take the help of blogs, tutorials, and Forex Glossaries to get better at trading because the broker doesn’t share any tips or advice during live trading sessions.

Simply use your learning, conduct market research using a helpful technical analysis tool, and execute your order.

Fill up the Form – Open Forex Trading Account Now!

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