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Office: 63 Chulia Street, OCBC Centre East, #15-01, Singapore, 049514
Main contacts:
[email protected]-Technical supports and inquiries
[email protected]-Free online reputation consulting services
[email protected]-Sales inquiries
Business Hours: Mon. - Fri. (11.00-19.00)
Time zone (Singapore)
DMCA.com Protection Status
Copyright © TrustFinance 2022 | V.2.0

TrustFinance is trustworthy and accurate information you can rely on. If you are looking for financial business information, this is the place for you. All-in-One source for financial business information. Our priority is our reliability.

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TriumphFX

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Cyprus

Founded in

2009 (17 Years)

Founded

Last online: No recent activity

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OVERALL SCORE
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--/40
Reviews
--/60
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Regulated

Recommended

IUX

IUX

(2,282 reviews)

foundedInMauritius

2016

(10 years)

Security Information :

FSCA
FSC
ASIC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TriumphFX - Pros and Cons

Pros-icon

Pros

  • Offers a variety of account types.
  • Provides educational materials and market analysis for beginner traders.
  • Competitive spreads and commissions compared to other brokers.
Cons-icon

Cons

  • Lacks licensing from reputable regulatory authorities.
  • Missing clear information on deposit/withdrawal minimums and fees.
  • Limited range of tradable assets.
  • Does not provide details about the trading platform offered.

Company Information

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Get to know TriumphFX

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Company Information

Get to know TriumphFX

Founded in 2010, TriumphFX is a global online trading broker that operates on a Straight Through Processing (STP) model, offering clients direct market access. The company provides Contracts for Difference (CFDs) trading on a range of instruments including foreign exchange, indices, commodities, and cryptocurrencies. TriumphFX operates under the legal entity Triumph Int. (SC) Limited, which is registered in Seychelles and purports to be regulated by the local Financial Services Authority (FSA). The company's mission is to provide a transparent, secure, and technologically advanced trading environment for its global client base.

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Industry

  • Forex Retail BrokerPRIMARY
  • Financial Other Service

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News

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TrustFinance Intelligence Agency

Research date: Oct 14, 2025

Malaysian authorities have opened investigations into TriumphFX, an offshore forex broker accused of scamming 72 locals out of over MYR 23.7 million (USD 5.3 million). The investment scheme promised monthly returns between 4% and 7%. The broker has been flagged by Malaysian regulators since 2020, and the primary websites associated with it are currently unreachable. Authorities are also investigating a clone of TriumphFX that offers similar schemes. The perpetrators face potential prison sentences and fines for their actions.

Malaysian authorities have opened investigations into TriumphFX, an offshore forex broker accused of scamming 72 locals out of over MYR 23.7 million (USD 5.3 million). The investment scheme promised monthly returns between 4% and 7%. The broker has been flagged by Malaysian regulators since 2020, and the primary websites associated with it are currently unreachable. Authorities are also investigating a clone of TriumphFX that offers similar schemes. The perpetrators face potential prison sentences and fines for their actions.

The website FNG provides news related to the Forex, CFD, and cryptocurrency trading industries. A recent report discusses a significant investment scam involving TriumphFX in Malaysia, where over MYR 23.7 million (USD $5.4 million) has been lost. The scam involved luring victims through Zoom with promises of high returns. The content also mentions various regulatory actions and updates from the trading sector.

The website FNG provides news related to the Forex, CFD, and cryptocurrency trading industries. A recent report discusses a significant investment scam involving TriumphFX in Malaysia, where over MYR 23.7 million (USD $5.4 million) has been lost. The scam involved luring victims through Zoom with promises of high returns. The content also mentions various regulatory actions and updates from the trading sector.

The Cyprus Securities and Exchange Commission (CySEC) has imposed enforcement measures on TriumphFX due to concerns regarding the influence of its sole indirect shareholder, Chong Chun Hseung. CySEC has suspended Hseung's voting rights and prohibited the executive directors from management duties for two years, citing detrimental effects on the firm's management. These actions are linked to TriumphFX being on investor alert lists in Singapore and Malaysia, and the measures will remain until the company is removed from these lists. CySEC aims to protect investors and ensure sound governance within licensed investment firms.

The Cyprus Securities and Exchange Commission (CySEC) has imposed enforcement measures on TriumphFX due to concerns regarding the influence of its sole indirect shareholder, Chong Chun Hseung. CySEC has suspended Hseung's voting rights and prohibited the executive directors from management duties for two years, citing detrimental effects on the firm's management. These actions are linked to TriumphFX being on investor alert lists in Singapore and Malaysia, and the measures will remain until the company is removed from these lists. CySEC aims to protect investors and ensure sound governance within licensed investment firms.

The Cyprus Securities and Exchange Commission (CySEC) has extended the suspension of voting rights for shares held by Mr. Chong Chun Hseung in Shine Trades (CY) Limited, which operates the TriumphFX brokerage brand. This suspension will remain until certain references are removed from investor alert lists in Singapore and Malaysia. Additionally, the company's executive directors are prohibited from management duties for two years or until the references are cleared. CySEC also granted a six-month extension for these measures to take effect.

The Cyprus Securities and Exchange Commission (CySEC) has extended the suspension of voting rights for shares held by Mr. Chong Chun Hseung in Shine Trades (CY) Limited, which operates the TriumphFX brokerage brand. This suspension will remain until certain references are removed from investor alert lists in Singapore and Malaysia. Additionally, the company's executive directors are prohibited from management duties for two years or until the references are cleared. CySEC also granted a six-month extension for these measures to take effect.

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Summarization

TriumphFX Review: Is TriumphFX a Good Broker?

Broker overview and general information

TriumphFX (TFXI)Established in 2009, it is a forex broker registered in Seychelles as a broker of the type No Dealing Desk (NDD)Using the trading operation system Straight-Through Processing (STP)The prices offered to clients are derived from aggregating price feeds from a variety of liquidity providers, including leading global banks and financial institutions. The competition between price feeds from multiple sources enables clients to get the best Bid and Ask prices. The broker supports:Trade over 110 CFDs on Forex, Metals and Indices.

Broker Licensing and Regulation

If you ask whether TriumphFX broker is good or not, you should start by considering the registration and license factors first, which are as follows:

  • TriumphFX operates under the name Triumph Int. (SC) LimitedWhich is established in the Republic of Seychelles with registration number 8428698-1.

⚠️Warning:  No license and regulation information for this broker was found. Investors should be aware of the risks involved as there may be no financial protection from regulatory agencies. It is recommended to conduct thorough research and consideration before investing.



Broker Products and Services

Trading products

Brokers offer the following investment products:

  • Forex:Trade over 60 currency pairs covering major, minor and exotic currency pairs with spreads starting from 0.6 pips and leverage up to 1:500 for non-European clients.

  • Commodities:Offers trading in precious metals such as Gold and Silver, as well as other commodities with competitive spreads starting from 1.8 pips.

  • index:It features major stock market indices from around the world, such as NASDAQ, S&P 500 and FTSE 100, ideal for portfolio diversification and taking advantage of market volatility.



TriumphFX Review: Account Types

Standard Fixed Account

  • Minimum deposit: $100

  • Spread: Fixed

  • Swap: Fee applies

  • Commission: Free

  • Maximum leverage: 1:500

Standard Variable Account

  • Minimum deposit: $100

  • Spread: Floating

  • Swap: Fee applies

  • Commission: Free

  • Maximum leverage: 1:500

Islamic Variable Account

  • Minimum deposit: $100

  • Spread: Floating

  • Swap: Free

  • Commission: Free

  • Maximum leverage: 1:500

Premium Account

  • Minimum deposit: $500

  • Spread: Floating

  • Swap: Fee applies

  • Commission: $6

  • Maximum leverage: 1:500

Platinum Account

  • Minimum deposit: $200

  • Spread: Floating

  • Swap: Fee applies

  • Commission: $3

  • Maximum leverage: 1:500

Islamic Platinum Account

  • Minimum deposit: $2,000

  • Spread: Floating

  • Swap: Free

  • Commission: Free

  • Maximum leverage: 1:500

VIP Account

  • Minimum deposit: $5,000

  • Spread: Floating

  • Swap: Fee applies

  • Commission: Free

  • Maximum leverage: 1:500



Deposit and Withdrawal Review

Brokers offer a wide variety of deposit and withdrawal channels to choose from, meeting the needs of customers from many countries as follows:

Supported deposit/withdrawal channels

  • Visa

  • MasterCard

  • Be happy

  • Online banking

  • UnionPay

  • Tether (USDT)



Customer Service

For foreign investors or Thai investors who want to invest, you can contact customer service 24 hours a day through this channel.

  • E-mail:[email protected] 

  • Facebook:https://web.facebook.com/Triumph-FX-Cyprus/ 

  • X (Twitter):https://x.com/TriumphFxCyprus

  • LinkedIn:https://www.linkedin.com/company/triumphfx/



Broker Review Overview Summary

Overall, TriumphFX is an outstanding Forex broker, with many account types to support different levels of investors and a variety of deposit and withdrawal channels to facilitate investors.However, there are still limitations in terms of trading assets that are quite limited, and information about trading platforms or some features may not be comprehensive enough, so investors should consider and study the information carefully before deciding to use the service.


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TriumphFX Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide which broker suits your needs.

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