TriumphFX Review

TriumphFX Logo

TriumphFX is a regulated broker that offers a range of financial services and investment products to a global clientele. The broker provides online CFD trading on a selection of trading instruments across various asset classes including Forex and Precious Metals. You can trade currency pairs along with gold and silver, all with very competitive trading conditions. It is quick and easy to open an account, with a minimum deposit of $100. Free demo accounts are also available to practice your trading strategies risk free.

Through TriumphFX, both retail and institutional clients can get access to a multi-bank liquidity feed that helps to ensure that the broker can deliver rapid trade execution speeds at the best available prices along with tight spreads and minimal slippage. With fractional pip pricing you can trade with tighter spreads and enjoy some of the most accurate quoting possible.

They have easy to use platforms that are suitable for traders of all experience levels and can be used on desktop, web or as mobile trading apps. You can choose from flexible leverage from 1:30 up to 1:500 (for professional accounts), various account types and deposit or withdrawal methods. There is also a good selection of educational resources and market analysis to help traders.

TriumphFX combines straight-through processing (STP), No-Dealing Desk (NDD) execution, Electronic Communication Networks (ECN), and stable high-quality price feeds from some of the largest financial institutions. When you execute an order, it goes directly to one or more of the brokers liquidity providers based on who provides the best price for the requested volume.

TriumphFX has pioneered at introducing a no re-quotes and no rejection of orders policy on the MT4 platform since 2010. They offer 100% execution of orders with 99.35% of all orders executed in less than 1 second, according to stats provided by the broker.

At TriumphFX you can trade 5 million with a simple click, as they guarantee fills on market orders up to 50 lots (5 million). However, if you intend to deal in an amount even bigger than this, you can either split up the order into smaller trade sizes, or request your full trade by telephone.

They understand the importance of stop-loss and limit orders in risk management, which is why they guarantee fills on both such orders up to 50 lots at the best available market price.

TriumphFX Platforms

TriumphFX allow clients to trade online through the industry standard MetaTrader 4 (MT4) platform. MT4, is an electronic trading platform widely used by online retail foreign exchange speculative traders. It was developed by MetaQuotes Software and released in 2005. It still remains one of the most widely used Forex and CFD platforms today.

TriumphFX MetaTrader 4 Platforms
TriumphFX MetaTrader 4 Platforms

The TriumphFX trading platforms support market, limit, stop and trailing stop orders, and you have the freedom to place orders at any time during trading hours. In case you prefer the old school method of telephone trading and speaking directly to dealers, at TriumphFX this is also possible. Your position will remain open until the closing trade is executed; moreover, your account balance is updated real-time according to current market prices.

The TriumphFX MT4 platform is available as a desktop application for Windows and Mac computers, a WebTrader that runs directly in web browsers, and mobile apps for Android and iOS devices.

MetaTrader 4 Desktop

TriumphFX provides clients with the popular MT4 trading platform; it is widely known for being user-friendly and fully customizable, with an abundance of built-in tools for an efficient trading experience. It can be used to trade any strategy without limitations. TriumphFX allow scalping, swing trading, hedging, news trading and automated trading with expert advisors (EAs).

The MT4 platform has a quick learning curve, which makes it easy enough for beginner traders to use, and it also has advanced functionalities to satisfy the more experienced investor.

TriumphFX MT4 Desktop Platform
TriumphFX MT4 Desktop Platform

MT4 Desktop Features

  • Complete suite of Trading Operations
  • One-Click Trading
  • Real Time Quotes in the Market Watch window
  • 9-time frames to choose from
  • 3 Types of Price Charts (bars, candles, lines)
  • 50+ technical indicators for conducting market analysis
  • Main Graphical Objects: horizontal and vertical lines, trend lines, channels, Fibonacci levels
  • Automated trading support with expert advisors
  • Strategy tester to test automated strategies on historical data
  • Get price alerts via push notifications
  • Access to Real and Demo Accounts

MetaTrader 4 Web Platform

MT4 WebTrader is the WebTerminal of the popular MetaTrader 4 Trading Platform. There is no need to download and install Meta Trader 4 or other additional trading software on your computer. MT4 WebTrader works on any web browser & supports all operating systems. All you need is an Internet connection to start using MT4 WebTrader. Overall view of the workspace, control panels and charts fully correspond to the general MT4 platform for PC.

TriumphFX MT4 WebTrader
TriumphFX MT4 WebTrader

MT4 WebTrader Features

  • No Need to Download
  • Access from any Web Browser and OS
  • Easy to Use Interface
  • Access to Trading Anytime from Anywhere
  • Strong Data Protection
  • Trade on MT4 WebTrader in your trading account like you do on any other trading terminal of the MetaTrader 4 platform

MetaTrader 4 Mobile Trading App

Download the TriumphFX MT4 app on your mobile device to enjoy full trading functionality as you would on your desktop — the ability to view charts and review account history, place new trades and close open positions, multilingual support, lightning-fast trade execution, and much more. You can stay on top of your trading and the markets, anytime, wherever you are.

TriumphFX MT4 Mobile App
TriumphFX MT4 Mobile App

MT4 Mobile App Features

  • Quickly place and manage trades whilst on the go
  • Professional interactive charting and indicators to analyse markets
  • Manage your account information and easily access reports
  • Set watchlists & alerts on your favourite instruments
  • Compatible with Android and iOS devices

TriumphFX Tools

TriumphFX don’t provide many additional trading tools but that is because there is more than enough available for the brokers MT4 platform. Not only does it have hundreds of trading tools already built-in, there is a marketplace that you can access directly from within the platform that has thousands of free and paid trading tools to enhance the platforms capabilities. You will find indicators that can create an almost endless amount of trading strategies for all trading styles. Furthermore, there are plenty of trading signals and trading robots that you can choose from.

TriumphFX Forex Calendar
TriumphFX Forex Calendar

Forex Calendar

The TriumphFX calendar chronologically shows upcoming economic and political events, statistics and analytics. It provides traders and analysts with the information needed to try and predict the long-term trends and price movements. The economic calendar is often used as part of fundamental analysis.

Plus, you’ll see key data for the fundamental economic indicators: central bank rates, the dynamics of GDP, inflation, employment and many other important news items.

That’s because each forex rate depends on the state and prospects of each national economy, its current political situation, ongoing large-scale speculative operations, and many other fundamental factors. Currency rates and financial markets in general are very sensitive to these events.

The FX calendar provides the following useful data:

  • Forex trading times (which forex markets are open right now)
  • The expected impact of an event on the market (low, medium or high)
  • An indication of which currencies will be influenced the most

TriumphFX Financial Instruments

The broker has a choice of CFDs on Forex and Precious Metals. You can choose from major, minor and exotic FX currency pairs along with gold and silver. It would be great if they could add some Stock and Crypto instruments for a more diverse portfolio.

  • Over 60 currency pairs — from majors, minors to exotic
  • Trade Gold and Silver against USD

CFD Trading

A contract for differences (CFD) is a financial contract that pays the differences in the settlement price between the open and closing trades. The difference is the profit or loss, minus any brokerage fees. CFDs essentially allow investors to trade the direction of securities over the short-term without needing to physically own the underlying asset and are especially popular in FX and commodities products.

TriumphFX Research & Education

The broker’s website has a section dedicated to explaining some of the essentials of forex trading. It also has a forex glossary page that explains some of the most important forex trading terms. Other educational materials include the TriumphFX market analysis.

Trading Guides

TriumphFX have a decent number of educational guides that cover a wide range of topics for beginner, intermediate and advanced traders. Whatever your experience level, there is something for everyone to learn. Topics include:

  • Forex Trading
  • Pips & Spreads
  • Chart Types
  • How to Interpret Charts
  • Forex Strategies
  • Risk Management
  • Trading Psychology

Forex Glossary

This section contains some of the most important terms related to Forex trading along with an explanation of each, presented in a glossary format.

TriumphFX Market Analysis
TriumphFX Market Analysis

TriumphFX Analysis

This is a dedicated section of the TriumphFX website where you can find up to date market analysis from the brokers in house expert analyst. They cover various trading instruments and have detailed explanations along with annotated screenshots which make them easier to understand. Each article can be used to help inspire trade ideas and keep you in touch with what is happening across the markets and why.

TriumphFX Trading Accounts

The broker offers various trading account types to suit different trader’s needs. The main difference between each account type is the extra features they include. TriumphFX offers all traders, without exception, the same tight variable spreads just like the interbank forex market for all account types and trade sizes, without charging any extra fees or commissions. The minimum deposit required is $100 whilst demo and Islamic accounts are available upon request.

TriumphFX also offers fractional pip pricing to get the best prices from its various liquidity providers. Instead of 4-digit quoting prices, clients can benefit from even the smallest price movements by adding a 5th digit (fraction). With fractional pip pricing you can trade with tighter spreads and enjoy most accurate quoting possible.

Classic Account

  • Account currencies: EUR / USD / GBP
  • Leverage: 1:30 (Leverage for Professional Clients is up to 1:500)
  • Min Lot Size: 0.01
  • Spreads: From 0.1
  • Senior Account Manager
  • Negative Balance Protection
  • Demo Account
  • Daily Market Analysis
  • Hedging allowed
  • Over 64 Instruments
  • Daily Market Insight

Gold Account

  • Account currencies: EUR / USD / GBP
  • Leverage: 1:30 (Leverage for Professional Clients is up to 1:500)
  • Min Lot Size: 0.01
  • Spreads: From 0.1
  • Senior Account Manager
  • Negative Balance Protection
  • Demo Account
  • Daily Market Analysis
  • Webinars
  • Hedging allowed
  • Over 64 Instruments
  • Daily Market Insight

Premium Account

  • Account currencies: EUR / USD / GBP
  • Leverage: 1:30 (Leverage for Professional Clients is up to 1:500)
  • Min Lot Size: 0.01
  • Spreads: From 0.1
  • Senior Account Manager
  • Negative Balance Protection
  • Demo Account
  • Daily Market Analysis
  • Webinars
  • Market Analysis (1 vs 1)
  • Hedging allowed
  • Over 64 Instruments
  • Daily Market Insight

Islamic Accounts

There are TriumphFX Islamic accounts that comply with Sharia law and do not charge any swap fees. This shows that they are a Muslim friendly broker although you will need to provide some evidence of your religious beliefs in order to qualify for the Islamic account.

Demo Accounts

Risk-free demo accounts are available which can be a good way to practice trading online with virtual funds. The demo account is free to use and will allow you to test out various trading strategies and build confidence until you feel ready to switch over to a live trading account once you have consistent success.

  • Practice Trading Risk Free
  • Unlimited virtual money
  • Test your trading strategies
  • Real quotes streaming from liquidity providers

TriumphFX Account Funding

TriumphFX has a variety of convenient methods for depositing and withdrawing funds from your trading account, and they include wire transfer, credit/debit cards and e-Wallets such as Neteller and Skrill.

Your deposits will be processed within 2-3 business days from the day your funds were sent from your bank account. After confirmation of your deposits, your funds will be immediately credited into your trading account. All international bank wire transfers may be subjected to intermediary bank charges.

It will take 2-5 business days to process your withdrawal request. All withdrawals are subjected to intermediary bank charges ranging from 25 USD to 75 USD per transaction. TriumphFX will only process withdrawal via wire transfer. The broker will not process any withdrawal request for e-currencies.

Keep in mind that some methods may only be available to specific countries, while the transaction processing time depends on the payment method used. They make every effort possible to process your deposits and withdrawals effectively. Transfers from third parties are not accepted. Funds that are not accepted are returned to the sender.

TriumphFX Customer Service

The broker’s customer service can be contacted via email, telephone and by completing an online form. From my experience, I found them very responsive and helpful. They answered all of my questions in a satisfactory manner.

TriumphFX Regulation

TriumphFX is regulated by the Cyprus Securities and Exchange Commission (CySEC) for its operations in Europe. Trading with a regulated broker can help to give investors protection in the unlikely event that something was to go wrong.

The broker states on their website that the live trading account balance is always protected from dipping into a negative status as they will absorb the loss if it does.

Clients funds are separated from the firm’s operational accounts in segregated accounts. The funds are kept in leading investment global banks.

TriumphFX FAQ

What is TriumphFX minimum deposit?

The minimum deposit required by TriumphFX is $100.

Where is TriumphFX based?

TriumphFX is based in Cyprus.

When was TriumphFX founded?

TriumphFX was founded in 2016.

What are TriumphFX platforms?

TriumphFX provide the MetaTrader 4 platforms for web, desktop and mobile.

What trading instruments do TriumphFX have?

With TriumphFX, you can trade CFDs on Forex and Precious Metals.

What are TriumphFX deposit and withdrawal options?

TriumphFX accept deposits and withdrawals via wire transfer, credit/debit card and e-Wallets.

What is TriumphFX leverage?

The maximum leverage at TriumphFX is 1:30 or 1:500 for those who qualify as professional clients.

What is TriumphFX commission fee?

TriumphFX provide commission free accounts.

What are TriumphFX spreads?

TriumphFX have floating spreads starting from 0.1 pips.

Do TriumphFX offer demo accounts?

Yes, there is a free TriumphFX demo account if you would like to trial the brokers services before opening a real account.

Do TriumphFX offer Islamic accounts?

Yes, TriumphFX do offer a swap-free Islamic account that complies with Sharia law for Muslim traders.

Do TriumphFX allow scalping, hedging, news trading and automated trading?

Yes, TriumphFX do not have any restrictions on trading strategies.

Do TriumphFX charge an inactivity fee?

Yes, TriumphFX charge an inactivity fee after 12 months of no trading activity of $5 per month.

Is TriumphFX regulated?

Yes, TriumphFX entities are regulated by CySEC.

TriumphFX Review Summary

TriumphFX is a regulated forex broker that offers clients a good range of tradable assets, including many currency pairs and precious metals, for trading via the popular MT4 platform. They have very competitive trading conditions which includes rapid execution speeds, tight spreads and low fees. The broker provides a good selection of educational resources for beginners and the more experienced traders. You can choose from various account types and funding options whereas the minimum deposit required to start trading is $100. Furthermore, they have demo accounts, Islamic accounts and a helpful customer support team on hand to assist as and when necessary.

TriumphFX

8.8

Spreads

9.0/10

Liquidity

9.0/10

Commissions

9.0/10

Support

9.0/10

Regulation

8.0/10

Features

  • STP Execution for fast and reliable order execution
  • Tight spreads and low fees
  • Effective Deposit & Withdrawal
  • User-friendly MT4 platforms for multiple devices
  • Trading tools and educational resources
  • Swap-free Islamic account
  • Free demo accounts
  • Fractional Pip Pricing
  • Investor Protection
  • Negative Balance Protection