AAFX vs TriumphFX - Fees Review included
Which broker is better AAFX or TriumphFX? Our expert assessment conducted according to TU’s own methodology showed that AAFX is one of the top brokers in the financial market with the TU Overall Score of 7.4 out of 10. TriumphFX is one of the top brokers in the financial market with the TU Overall Score of 4.62 out of 10. Find out more about TU Overall Score.
| Feature | AAFX | TriumphFX |
|---|---|---|
Overall |
2.3 |
3.9 |
1.7 |
4.4 |
|
2.3 |
4.2 |
|
2.5 |
2.9 |
|
Investment Instruments |
1 |
1 |
Platforms and Charting Tools |
4.5 |
3.7 |
Deposit and Withdrawal |
2.0 |
4.5 |
Research |
1 |
2 |
Education |
2.2 |
3.7 |
Support |
2.5 |
4.6 |
Bonuses |
2.9 |
3 |
|
|
AAFX vs TriumphFX: Pros and Cons
AAFX (AAFX Trading) is an STP and ECN broker, which was founded in 2014. The broker is headquartered in Hong Kong and has offices in Australia and in Saint Vincent and the Grenadines. The company offers its clients access to trading 7 classes of trading instruments, including currency pairs and contracts for difference (CFDs) on stocks, equity indices, precious metals, energies, commodities and cryptocurrencies. The broker is authorized by the financial regulator of the Seychelles (FSA)
TriumphFX is an STP broker that has been providing services since 2009. The company offers trading in 60 currency pairs on the Forex market, as well as 4 precious metals. The company’s international division is licensed by the VFSC (Vanuatu Financial Services Commission, registration number 17901). The European division of the company is regulated by the Cyprus Securities and Exchange Commission (CySEC, No.293/16). The broker’s reliability has been recognized by five prestigious international awards, including Most Reliable Forex Broker of the Year 2017.
| AAFX | TriumphFX | |
|---|---|---|
| Overall Pros | Transparent trading conditions | Negative balance protection |
| Low entry threshold: initial deposit - 100 USD | STP broker | |
| Quick withdrawal of money - within 24 hours | Well Regulated | |
| Free deposit and withdrawal | ||
| Overall Cons | Offshore Regulator License | Limited number of supported assets |
| The broker offers only tools for active trading. No investment products | No passive income options | |
| The minimum withdrawal amount is 100 USD equivalent | Weak research and education |
AAFX vs TriumphFX: Safety and Regulation
| Regulated By: | AAFX | TriumphFX |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
No |
CySec (Cyprus, EU) |
No |
Yes |
ASIC (Australia) |
No |
No |
Other Regulators |
Registration - Saint Vincent and the Grenadines (SVG FSA) |
No |
AAFX vs TriumphFX: Trading Conditions
| Trading Conditions | AAFX | TriumphFX |
|---|---|---|
Minimum Deposit |
$100 |
$100 |
Trading Platforms |
МТ4, МТ5 |
МТ4 |
Max Leverage (Futures) |
36526 |
1:30 for EU clients, up to 1:500 (or the clients of international subdivision) |
Supported Markets |
Forex, Metalls, Energies, Indices, Cryptocurrency, Shares |
Forex, Metals |
Trading assets |
150+ |
64+ |
Trading Accounts |
Fixed, ECN, VIP |
Standard Fixed, Standard Variable, Premium, Platinum, VIP |
Base Account Currencies |
EUR, USD, GBP |
USD, EUR, GBP |
AAFX vs TriumphFX: Fees
Forex Trading Fees
| Fee | AAFX | TriumphFX |
|---|---|---|
Standard Account EURUSD Average Spread |
From 2 pips |
1.6 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
$0 |
$0 |
ECN Account EUR Average Spread |
From 0.6 pips |
0.6 |
CFD Trading Fees
| Fee | AAFX | TriumphFX |
|---|---|---|
CFD Trading Fee |
Variable plus, fixed, raw spreads |
Floating spread |
Non-Trading Fees
| Fee | AAFX | TriumphFX |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
No |
Bank card - 2 EUR/ 3USD/ 2 GBP Bank transfer - 20€ / 25£ / 30$ +0.15% abouve $1000 Skril, Neteller - 1% |
Inactivity Fee |
No |
$5 per month afther 180 days of inactivity |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
AAFX vs TriumphFX: Trading Assets
| Asset Name | AAFX | TriumphFX |
|---|---|---|
Overall |
150+ |
64+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
No |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
No |
Energy |
Yes (CFD) |
No |
Indices |
Yes (CFD) |
No |
ETFs |
No |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
AAFX or TriumphFX: Investment Programs
| Asset Name | AAFX | TriumphFX |
|---|---|---|
Copy Trading |
No |
No |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: TriumphFX or AAFX
| AAFX | TriumphFX | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
No |
cTrader |
No |
No |
Appropriate platform |
No |
No |
Others |
No |
No |
|
|
AAFX vs TriumphFX: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | AAFX | TriumphFX |
|---|---|---|
Bank Transfer |
No |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
Yes |
No |
AAFX vs TriumphFX: Research
| Research Type | AAFX | TriumphFX |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
No |
No |
Chart Analysis |
No |
No |
Trading Ideas |
No |
No |
E-Mail Reports |
No |
No |
AAFX vs TriumphFX: Education
| Education Type | AAFX | TriumphFX |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
No |
TriumphFX vs AAFX: Support
| Support Features | AAFX | TriumphFX |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
Social networks, messengers, feedback form |
No |
AAFX vs TriumphFX: Forex Bonuses and Promo
| Promo | AAFX | TriumphFX |
|---|---|---|
Forex Bonus |
Welcome bonus 35% of the deposit amount. Other bonus programs appear periodically |
No |
Affiliate Program |
Three types of affiliate program: classic program with reward up to 20 USD/lot, White Label, Personal Manager |
Yes |
Other Promos |
||
|
|
Top 5 Reviews on TriumphFX
-
Comment
The regulation of the TriumphFX broker is weak; there is one normal regulator license. So for now I'm just testing this company for integrity and honesty. I opened an account with TriumphFX three months ago and transferred the minimum deposit here. Before that I tried trading on a demo account, and it seemed like trading was going well. Well, let's see what happens next.
-
Comment
I can't consider Triumph FX one of the best brokers. It's more like a three-star broker. Not the best, but not the worst either. Slippage is often encountered, especially when trading during news releases. Spreads are normal, but they can widen, and this should be taken into account in trading. There are enough payment systems; I use bank transfer. I've withdrawn money from my Triumph FX account several times, and the broker hasn't let me down in this regard.
-
Comment
I warn everyone that TriumphFX is a fake broker. Do not transfer money to them. They will not allow you to trade properly or withdraw money. They credited a bonus for the deposit, convinced me to deposit $5000, but later, TriumphFX did not allow any withdrawals from the account. They provided constant excuses, then completely stopped responding. Afterward, someone else opened trades, and the entire deposit disappeared in losses.
-
Comment
TriumphFX is registered in an offshore zone and lacks a license from a reputable regulator. Therefore, trading here is very dangerous. I trusted this broker, opened an account, and transferred $1000. However, manipulations on the platform led to the loss of all my funds. Slippages occur up to 40 points! Considering market movements, no stop-loss can withstand such slippages! I strongly advise against using TriumphFX as a broker!
-
Comment
triumphfx has huge fees. For a taker, trading fees can reach 0.6% of the trade amount, while on other exchanges this fee does not exceed 0.25%. I think this is abnormal. Okay, if it was only one fee. But triumphfx also charges deposit and withdrawal fees. So it’s better to look for more profitable options.
Top 5 Reviews on AAFX
-
Comment
I have been working with AAFX for 3 years. I chose a company that had regulation and normal spreads. Money is withdrawn quickly, support is always available and quite competent. I trade currencies, and I am glad that they have many pairs to trade, there are a lot to choose from. In general, it is possible to work here.
-
Comment
So far, everything suits me perfectly in trading with the broker AAFX! There is a unified account where it's convenient to track the profitability of my trades. There are plenty of markets available for trading. The platform works well, and I've rarely experienced any freezing. AAFX broker withdraws money without any issues, but there is a commission for withdrawals to a bank account. I can recommend this company.
-
Comment
If you're looking for a broker that provides quality services to novice traders, then look no further. The first and most important thing that makes AAFX a great partner for beginners is the opportunity to constantly consult with a personal analyst. I probably traded exclusively under his careful supervision for the entire first week. And it really helped - I became well-oriented in practical trading and started working independently. Overall, I can confidently recommend AAFX broker!
-
Comment
aafx is definitely a great broker. I opened an account for a small amount. Within three months of trading, I earned quite a good profit. Trading is great here. Now I am planning to fund my account with a larger amount. They have passed my checking.
-
Comment
I want to leave a positive review about the broker aafxtrading.com. It was important for me to learn how to trade and not fall into the hands of scammers. AAFX broker is definitely not a scam. I have been trading for two years, and I have never noticed the company manipulating price charts. Of course, it cannot be said that there were never any issues in the trading terminal. But all of this is the reality of the market, not the result of fraudulent actions. I can recommend the AAFX broker to all traders, both beginners and professionals.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.