Trustworthy TriumphFx Broker

Broker review
M
melky
20 Aug 2017, 10:48 7,817 Views

Is TriumphFx a reliable broker or not?

2 Answer

M
martin 22 Aug 2017, 01:37

@ Melky:

From the information we have, the broker with the official name Triumph Int. Limited is regulated by the Vanuatu Financial Services Commission (VFSC) from Vanuatu, so includes offshore brokers, although they claim to be NDD (Non Dealing Desk) and with segregated accounts.

Because it is not regulated by an internationally credible regulatory body such as CFTC, NFA, FCA, FSA, FINMA, MiFID, ASIC or FMA, I think it is less safe. If you want to try with relatively small funds, you can, but if the broker is a scam your funds are likely to be lost.

M
martin 23 Jul 2019, 08:06

@ Hansen Wijaya:

That's right, Sir, in its development, Triumph FX has indeed been regulated by the FCA UK.

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