According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- 100$
- MT4
- VFSC
- CySEC
- 2013
Our Evaluation of TriumphFX
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
TriumphFX is a moderate-risk broker with the TU Overall Score of 5.46 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by TriumphFX clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
TriumphFX is a broker with an emphasis on the high-quality execution of transactions in the Forex market. At the same time, the general list of represented markets is rather small.
Brief Look at TriumphFX
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.
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- When executing transactions, the technology of direct routing of transactions to liquidity providers (STP) kicks in.
- The minimum deposit is $100.
- Negative balance protection.
- High quality of execution of transactions due to the presence of a modern data center.
- Compensation of client’s expenses for banking services with a deposit of more than $500.
- Small inventory of trading instruments.
- High spreads on the most affordable account types.
- Small selection of withdrawal methods.
TU Expert Advice
Financial expert and analyst at Traders Union
TriumphFX has been providing services for over 12 years, and during that time its main efforts have been aimed at providing clients with high-quality service in the Forex market. The broker specializes in providing direct access to the world’s leading liquidity providers using STP technology. This provides clients with reliable and fast order execution.
The brokerage company TriumphFX offers five types of accounts that are suitable for clients with various financial means: Standard Fixed, Standard Variable, Premium, Platinum, and VIP. The conditions on standard accounts are not that favorable, because the spread starts from 1.6 pips with a minimum deposit of $100. TriumphFX offers the most interesting conditions for wealthy clients on the VIP trading plan, where the spread starts from 0.5 pips in the absence of other commissions. However, the minimum deposit amount rises to $5,000.
On the broker’s website, only the minimum value of the spreads is indicated, which somewhat complicates the calculations. The average value of the spread can differ significantly, and it is often possible to establish it experimentally. The technical support service can also help in clarifying trading conditions, but you can communicate with them only using tickets, which complicates the process. You can wait up to 3 business days for their response.
TriumphFX Trading Conditions
75 % of retail investor accounts lose money when trading CFDs with this provider. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | МТ4 (desktop, mobile, web) |
|---|---|
| 📊 Accounts: | Demo, Standard Fixed, Standard Variable, Premium, Platinum, VIP |
| 💰 Account currency: | USD, EUR, GBP |
| 💵 Deposit / Withdrawal: | Withdrawal — wire transfer, deposit — wire transfer, bank card, Neteller, Skrill |
| 🚀 Minimum deposit: | from 100 USD |
| ⚖️ Leverage: | Up to 1:30 (for the clients of European subdivision), up to 1:500 (or the clients of international subdivision) |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | 0,1 pips |
| 🔧 Instruments: | Currency pairs (60), metals (4) |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | More than 20 global banks including Bank of America, Citi, Barclays, BNP Paribas, and HSBC |
| 📱 Mobile trading: | No |
| ➕ Affiliate program: | No |
| 📋 Order execution: | Market execution |
| ⭐ Trading features: | Fee for inactivity |
| 🎁 Contests and bonuses: | Introducing Bonus 5% |
The broker TriumphFX offers its clients 60 currency pairs and four precious metals for trading as well as the classic MetaTrader 4 terminal. The minimum spread value ranges from 1.6 points on a standard account to 0.5 points on a VIP type account. Traders receive leverage with a maximum value of 1:30 to 1:500. Potential clients can test the trading conditions on a demo account. Muslim traders have access to 2 types of Islamic accounts, which do not charge swaps.
TriumphFX Key Parameters Evaluation
Video Review of TriumphFX
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Trading Account Opening
To start trading with TriumphFX you need to go through the registration procedure on the company’s website. Follow these steps:
Click on the Live Trading or Demo Trading button on the company’s website. The choice depends on whether you are going to start trading with real funds, or test the company’s services without risks using its demo account.
After choosing the type of account, the system will prompt you to fill out a registration form, where you have to specify your surname, first name, email, phone number, and country of residence. After completing the initial registration, the system will redirect you to an in-depth questionnaire, where you will also need to tell about the level and sources of your income, work, knowledge, and experience in the financial sector, as well as confirm that you are not a holder of US citizenship, do not have a green card and are not a U.S. taxpayer.
You have to provide the broker with a copy of your passport or another identity document through a special form. It is important that the document is also proof of your citizenship. It can take up to 3 business days to review and approve the documents.
The functionality of the TriumphFX personal account allows you to:
Regulation and safety
TriumphFX has a safety score of 9.7/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Track record over 12 years
- Strict requirements and extensive documentation to open an account
TriumphFX Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 BaFin |
Federal Financial Supervisory Authority | Germany | Up to €20,000 | Tier-1 |
 CySec |
Cyprus Securities and Exchange Commission | Cyprus | Up to €20,000 | Tier-1 |
 FSA (Seychelles) |
Financial Services Authority of Seychelles | Seychelles | No specific fund | Tier-3 |
TriumphFX Security Factors
| Foundation date | 2013 |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker TriumphFX have been analyzed and rated as Medium with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Tight EUR/USD market spread
- No deposit fee
- Above-average Forex trading fees
- Inactivity fee applies
- Withdrawal fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of TriumphFX with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, TriumphFX’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
TriumphFX Standard spreads
| TriumphFX | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,5 | 0,5 | 0,1 |
| EUR/USD max, pips | 0,8 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,5 | 0,4 | 0,1 |
| GPB/USD max, pips | 0,8 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
TriumphFX RAW/ECN spreads
| TriumphFX | Pepperstone | OANDA | |
| Commission ($ per lot) | 3 | 3 | 3,5 |
| EUR/USD avg spread | 0,1 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,1 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with TriumphFX. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
TriumphFX Non-Trading Fees
| TriumphFX | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0-1 | 0 | 0 |
| Withdrawal fee, USD | 0-3 | 0 | 0-15 |
| Inactivity fee ($, per month) | 5 | 0 | 0 |
Account types
TriumphFX offers six account types. All account types are compatible with the MetaTrader 4 trading platform. The maximum leverage for clients in the European division is 1:30, for an international division registered in Vanuatu it is 1:500.
Account types:
TriumphFX is an STP broker focused on providing services for traders who prefer to trade Forex using STP/ECN technologies.
Deposit and withdrawal
TriumphFX received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
TriumphFX provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Bank wire transfers available
- Low minimum withdrawal requirement
- No deposit fee
- Minimum deposit below industry average
- USDT payments not accepted
- Limited deposit and withdrawal flexibility, leading to higher costs
- Withdrawal fee applies
What are TriumphFX deposit and withdrawal options?
TriumphFX provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller.
TriumphFX Deposit and Withdrawal Methods vs Competitors
| TriumphFX | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | No | No | No |
What are TriumphFX base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. TriumphFX supports the following base account currencies:
What are TriumphFX's minimum deposit and withdrawal amounts?
The minimum deposit on TriumphFX is $100, while the minimum withdrawal amount is $100. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact TriumphFX’s support team.
Markets and tradable assets
TriumphFX offers a limited selection of trading assets compared to the market average. The platform supports 64 assets in total, including 60 Forex pairs.
- Crypto trading
- 60 supported currency pairs
- Indices trading
- No ETFs
- Limited asset selection
Supported markets vs top competitors
We have compared the range of assets and markets supported by TriumphFX with its competitors, making it easier for you to find the perfect fit.
| TriumphFX | Plus500 | Pepperstone | |
| Currency pairs | 60 | 60 | 90 |
| Total tradable assets | 64 | 2800 | 1200 |
| Stocks | No | Yes | Yes |
| Commodity futures | No | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products TriumphFX offers for beginner traders and investors who prefer not to engage in active trading.
| TriumphFX | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | No | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Customer support
The support team works 24/5.
Advantages
- Using a ticket, you can ask a question without being a client of the company
Disadvantages
- Support tickets can take up to 3 business days to process
- Few communication channels
Available communication channels with customer support specialists in Vanuatu include:
-
ticket in Contacts;
-
email.
Available communication channels with customer support specialists in Cyprus includes:
-
phone (see numbers in Contacts);
-
email;
-
ticket.
Contacts
| Foundation date | 2013 |
|---|---|
| Registration address | S.I.P. Building, P.O. Box 3010, Rue Pasteur, Port Vila, Vanuatu |
| Regulation | VFSC, CySEC |
| Official site | https://www.triumphfx.com/ |
| Contacts |
+35725030337
|
Education
There are not many training materials on the TriumphFX website. The only way to gain knowledge about the Forex market is to familiarize yourself with a short glossary. However, the broker’s Youtube channel has a good series of training videos, both on how to work in Forex and on how to work with the trading terminal and the broker’s personal account.
The broker does not have a cent account, so training on a demo account would be the best way to consolidate the knowledge gained while practicing.
Comparison of TriumphFX with other Brokers
| TriumphFX | Eightcap | XM Group | RoboForex | Markets4you | IC Markets | |
| Trading platform |
MT4, Mobile platforms | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, MobileTrading, MT5 | MT4, cTrader, MT5, TradingView |
| Min deposit | $100 | $100 | $5 | $10 | No | $200 |
| Leverage |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:10 to 1:4000 |
From 1:1 to 1:500 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | 10.00% | No | No |
| Spread | From 0.1 points | From 0 points | From 0.8 points | From 0 points | From 0.1 points | From 0 points |
| Level of margin call / stop out |
No | 80% / 50% | 100% / 50% | 60% / 40% | 100% / 20% | 100% / 50% |
| Order Execution | STP | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | Yes | Yes | No |
Detailed Review of TriumphFX
The broker TriumphFX focuses not on a large number of instruments provided for trading, but on high-quality execution of transactions in the Forex market. Particularly beneficial are its Premium, Platinum, and VIP accounts, where clients can trade with low market spreads. The broker offers novice traders a demo account, but there is no cent account. Muslim traders can trade on two swap-free account types.
TriumphFX by the numbers:
-
More than 11 years on the market.
-
64 trading instruments.
-
5 international awards.
TriumphFX is a broker for active trading and copy trading on Forex
TriumphFX supports most types of active trading, including scalping, which is popular among Forex traders. The high speed of transaction processing and order execution is ensured by the presence of a modern data processing center. For passive investors, the main option is a copy trading service that allows you to copy transactions of the most successful platform traders in real-time. Asset management services are also available. The main trading platform is MT4, which is available for WEB, PC, Android, and iOS. The broker also has a proprietary mobile trading app for Android called TriumphFX.
The broker offers both standard accounts and STP/ECN accounts, which imply direct routing of transactions to liquidity providers. There are 60 currency pairs and four metals available. To maintain high liquidity and the best quotes, the company partners with more than 20 leading global banks, including Bank of America, Citi, Barclays, BNP Paribas, and HSBC.
Useful services of TriumphFX:
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Economic Calendar. It allows you to track key economic statistics affecting the Forex market.
-
Equinix’s IBX® Data Centers. They provide 50 cross-connections in each of the company’s multiple data centers to achieve high liquidity.
Advantages:
STP/ECN technologies provide direct routing of orders to the market.
Security of work is ensured by licenses from reputable regulators and segregated accounts.
Tight spreads from 0.5 pips on Premium accounts and above.
Copy-trading platform.
Free daily analytics from the company’s experts.
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