No data
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Do you want to know which is the better broker between FOREX EXCHANGE and TriumphFX ?
In the table below, you can compare the features of FOREX EXCHANGE , TriumphFX side by side to determine the best fit for your needs.
--
--
--
--
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of forex-exchange, triumphfx lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
FOREX EXCHANGEReview Summary | |
Founded | 2004 |
Registered Country/Region | Japan |
Regulation | Regulated |
Market Instruments | Currencies |
Demo Account | ✅ |
Leverage | / |
Spread | / |
Trading Platform | MT4 |
Min Deposit | / |
Customer Support | Phone: 0120-555-729 |
Email: support@forex-exchange.co.jp | |
Physical Address: 〒 103-0025Tokyo chuo ward kaya, the nihonbashi 2-1-1 second securities pavilion |
FOREX EXCHANGE, incorporated in Japan in 2004. Currently regulated by the FSA, it allows traders to trade currency pairs through MT4 and supports free trading fees. But it did not provide specific information about the accounts.
Pros | Cons |
Regulated by FOREX EXCHANGE | No account details |
Support MT4 | |
Transaction fee, stop loss fee and account maintenance fee are 0 yen |
Regulated Country/Region | |
Regulated Authority | FSA |
Regulated Entity | FOREX EXCHANGE株式会社 |
License Type | Retail Forex License |
License Number | 関東財務局長(金商)第293号 |
Current Status | Regulated |
It can mainly trade 25 currencies.
Tradable Instruments | Supported |
Currencies | ✔ |
Precious metals & Commodities | ❌ |
Indices | ❌ |
Stocks | ❌ |
Bonds | ❌ |
ETF | ❌ |
The account opening process is as follows, consisting of four steps. You may refer to:
Transaction fee, stop loss fee and account maintenance fee are 0 yen. Deposits of more than 1 billion yen will be charged.
FOREX EXCHANGE offers MT4 for trading on desktop, mobile and tablet.
Trading Platform | Supported | Available Devices | Suitable for |
MT4 | ✔ | Desktop, Mobile, Tablet | Beginner |
MT5 | ❌ |
Withdrawals must be made from the website and can only be made in Japanese yen.
The withdrawal fee is free in principle. For withdrawals of less than 10,000 yen and withdrawals of more than 5 times per month, 540 yen will be charged per withdrawal.
The money will be remitted to your registered financial institution account within 4 working days.
Deposits can be made through regular bank transfers and fast deposits, with no minimum amount limit. Payment in Japanese yen only.
TriumphFX Review Summary in 10 Points | |
Founded | 2009 |
Headquarters | Cyprus |
Regulation | BaFin, CYSEC |
Market Instruments | Forex, precious metals |
Demo Account | Available |
Leverage | 1:30 for retail/1:500 for professional |
EUR/USD Spread | 0.4 pips |
Trading Platforms | MT4 |
Minimum deposit | $/€/£100 |
Customer Support | phone, email |
TriumphFX was founded in 2009 and is based in Cyprus, providing professional online trading services to investors, traders, and institutional clients through a robust NDD and STP order processing model.
TriumphFX is regulated by Federal Financial Supervisory Authority (BaFin) and Cyprus Securities and Exchange Commission (CySEC). TriumphFX is also registered with Financial Conduct Authority (FCA) and Vanuatu Financial Services Commission (VFSC), but these two licenses have already been revoked.
TriumphFX has been brought into a series of scandals about the inability to withdraw funds, illegal brokers, as well as failing to log in to its official website, etc. Please be aware of the risk.
TriumphFX offers competitive trading conditions with low spreads, multiple account types, and MT4 trading instrument. Additionally, the broker is regulated by reputable authorities and offers negative balance protection. However, too many complaints from users saying that they have difficulty withdrawing. And their educational resources, research and analysis tools are limited compared to other brokers.
Pros | Cons |
• Regulated by BaFin and CYSEC | • Too many complaints from users |
• Offers multiple account types | • Limited range of tradable instruments |
• Competitive trading conditions | • Limited educational resources |
• Wide range of payment methods available | • No 24/7 customer support |
• User-friendly MT4 trading platform | • Limited research and analysis tools |
Note: The above table is based on general information and may not be comprehensive. Pros and cons may vary depending on individual experiences and circumstances. Each trader has unique needs and preferences, so it is important to carefully consider your own trading style and goals when selecting a broker.
There are many alternative brokers to TriumphFX depending on the specific needs and preferences of the trader. Some popular options include:
XM: This is a popular forex broker that is known for its low spreads, multiple trading platforms, and excellent customer service. They are regulated by multiple top-tier authorities, including the ASIC, CySEC, and FCA, which makes them a safe and reliable choice.
Pepperstone: This broker offers a wide range of trading instruments, low spreads, and fast trade execution speeds. They are also regulated by top-tier authorities such as the FCA and ASIC, which ensures that they are a trustworthy option.
IG: This broker offers a variety of trading instruments, competitive pricing, and a user-friendly trading platform. They are also regulated by top-tier authorities such as the FCA, which ensures that they adhere to strict financial regulations and are a safe and reputable broker.
Based on the information provided on TriumphFX's website, as well as their regulatory status, it seems that TriumphFX takes measures to protect its clients' interests and promote a safe trading environment. They are licensed and regulated by reputable authorities, and have implemented several security measures to ensure the safety of its clients' funds, such as segregated accounts and negative balance protection. However, there have been some negative reviews from clients regarding withdrawal issues, which is a red flag.
Protection Measure | Detail |
Regulation | BaFin and CYSEC |
Investor Protection | Segregated client funds are separated from the firm's operational accounts. The clients' funds are kept in leading investment global banks. |
Negative Balance Protection | Your live trading account balance is always protected from dipping into a negative status and TriumphFX will absorb the loss if it does. |
It's important to note that while TriumphFX takes steps to protect its clients, no broker can guarantee complete protection against all risks. Clients should always do their own research and carefully consider the risks involved in trading before making any investment decisions.
TriumphFX offers investors a small range of trading instruments, including over 60 pairs of the most popular major currency pairs in the Forex market, minor currency pairs, exotic currency pairs, as well as precious metals such as gold and silver.
To meet the investment needs and trading experience of different investors, TriumphFX offers three different types of accounts, namely Classic Accounts, Gold Accounts, and Premium Accounts. The minimum deposit requirement is 100. The base currencies of the accounts are EUR, USD, and GBP, and the minimum trade lot size is 0.01. Demo accounts are also available.
TriumphFX, as a Cyprus-regulated broker, offers the maximum trading leverage of up to 1:30 for retail clients. Traders can adjust the leverage according to their knowledge and experience, and professional clients can trade with a maximum leverage of up to 1:500.
It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
All spreads with IMS FX are a floating type and scaled with the asset class. The minimum spread on the TriumphFX platform is 0.4 pips for EURUSD, 0.1 pips for EURGBP, 1.2 pips for GBPUSD, 0.8 pips for USDJPY, 1.7 pips for XAUUSD, and 1.7 pips for XAGUSD. It seems that there is no commission charged.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commission |
TriumphFX | 0.4 pips | No |
XM | 0.1 pips | No |
Pepperstone | 0.1 pips | No |
IG | 0.6 pips | No |
Note: Spreads can vary depending on market conditions and volatility.
TriumphFX offers traders the flexibility to choose from the market-leading and widely acclaimed MT4 trading platform, as well as MT4 Windows, MT4 iOS, and MT4 Android. MT4 is known as the ideal forex trading platform with powerful charting and data analysis tools, an intuitive and clear interface, and support for EA intelligence. MT4 can develop suitable trading strategies for traders of different levels, helping traders to trade with ease.
See the trading platform comparison table below:
Broker | Trading Platform |
TriumphFX | MetaTrader4 |
XM | MetaTrader4, 5 |
Pepperstone | MetaTrader4, 5 |
IG | MetaTrader4, ProRealTime, L2 Dealer, IG Trading Platform |
All four brokers offer MetaTrader4 and have mobile, web, and desktop versions available. XM and Pepperstone also offer MetaTrader5, while IG has a wider range of trading platforms including ProRealTime, L2 Dealer, and its own IG Trading Platform.
TriumphFX offers several trading tools designed to help traders stay informed and up-to-date with the latest market trends and developments. The economic calendar provides real-time updates on upcoming economic events and their potential impact on the markets, while the FX analysis and news section offers daily market commentary and analysis from TriumphFX's team of experts. These tools can be especially useful for traders who rely on fundamental analysis to make informed trading decisions.
Additionally, TriumphFX offers access to a variety of technical analysis tools, including charting and indicators, that can be used to identify trading opportunities and potential market trends. Overall, TriumphFX's trading tools can be a valuable resource for traders looking to stay ahead of the markets and make more informed trading decisions.
TriumphFX supports clients by depositing and withdrawing funds to their investment accounts via Visa, MasterCard, Bank Wire, Neteller, and Skrill/Moneybookers.
The minimum deposit amount is $/€/£100.
No commissions are charged on deposits. For any deposit equivalent or above $500, TriumphFX will reimburse the Intermediary Bank Charges. Regardless however, all Local Bank Charges incurred by the sending bank will not be reimbursed. Your deposits will be processed within 2-3 business days from the day your funds are sent from your bank account. After confirmation of your deposits, your funds will be immediately credited into your trading account.
Traders withdrawing funds via NETELLER and Skrill/Moneybookers pay 1% commission and while via VISA & MasterCard, the withdrawal fee is $3/€2/£2. For Bank Wire withdrawals, if your withdrawal amount is less than €1,000, the fees will be $30/€20/£25, and any above will be charge + 0.15%. All withdrawals are subjected to intermediary bank charges ranging from $25 to $75 per transaction. It will take 2-5 business days to process your request.
TriumphFX | Most other | |
Minimum Deposit | $/€/£100 | $/€/£100 |
In order to create a Withdrawal Request please:
Step 1: Login to your trading account ( https://secured.triumphfx.com/login ) .
Step 2: Go to the Withdrawals Section.
Step 3: Click Create Withdrawal and choose the method you want to withdraw your Funds.
Step 4: Fill in all the required fields.
Step 5: Submit the web form.
TriumphFX offers customer support via phone, email, and online messaging. You can also follow this broker on social networks such as Facebook, Instagram and LinkedIn. Overall, the customer service of TriumphFX appears to be satisfactory.
TriumphFX offers a range of educational resources to help traders improve their trading knowledge and skills. These resources include Forex essentials and Forex glossary. Additionally, TriumphFX offers a demo account for traders to practice their trading strategies and get familiar with the platform before trading with real money. Overall, TriumphFX's educational resources can be a valuable asset for both new and experienced traders looking to improve their trading skills.
All in all, TriumphFX seems to be well-regulated, but there are numerous negative reviews from users. Many users have reported difficulties in withdrawing funds, and some have even accused TriumphFX of being an illegal Ponzi scheme. Despite offering attractive trading conditions, the high number of negative reviews and accusations of illegal activity should be a red flag for potential investors. It is important to thoroughly research any broker before investing and to exercise caution when dealing with TriumphFX.
Q 1: | Is TriumphFX regulated? |
A 1: | Yes. It is regulated by BaFin and CYSEC. |
Q 2: | Does TriumphFX offer industry-standard MT4 & MT5? |
A 2: | Yes. TriumphFX supports MT4. |
Q 3: | What is the minimum deposit for TriumphFX? |
A 3: | The minimum initial deposit with TriumphFX is $/€/£100. |
Q 4: | Is TriumphFX a good broker for beginners? |
A 4: | No. It is not a good choice for beginners. There are too many negative reviews from their users saying that they have difficulty withdrawing. |
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive forex-exchange and triumphfx are, we first considered common fees for standard accounts. On forex-exchange, the average spread for the EUR/USD currency pair is -- pips, while on triumphfx the spread is From 0.1.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
forex-exchange is regulated by FSA. triumphfx is regulated by BaFin,FCA,VFSC,CYSEC.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
forex-exchange provides trading platform including -- and trading variety including --. triumphfx provides trading platform including Premium Account,Gold Account,Classic Account and trading variety including --.