TriumphFX review 2020

TriumphFX is aimed at long-term relationships with individual traders of different income levels. The company works to keep the cost of services at the level of the market and the market accessible for everyone.

Liquidity is provided by several large banks and the company is offered to trade in currencies with small spreads and flexible financial leverage. The execution speed is traditionally maximum.

In accordance with industry requirements, all trading is done at Equinix data centers, these centers are equipped with the most technologically advanced equipment, data is duplicated and a backup Internet connection is a must. Since each connection is owned by the owner, Triumph FX can responsibly declare that all data is secure and latency is minimal.

The company works according to the STP principles, i.e. the execution of all transactions is carried out on the side of liquidity providers, which ensures a high speed of execution and a minimal spread. Completely there is no conflict of interest between the broker and the client at the same time the company offers to consider fixed spreads so it is quite possible that the company can use the principle of market maker.

The company has two awards: in 2014 the best broker in the Asia-Pacific region, and in 2020 prize: the most reliable FX broker.

Training

In the training section of the broker’s website you will find a tutorial on how to work on the currency market, especially for beginners. Different topics are covered step by step from theory to practice.

The glossary .

There is also a list of terms with explanation of each of them on the broker’s page, it will help you in your work.

Events Calendar

Calendar is convenient enough not to miss any significant event in the industry. Included are both statistics and analytics, this calendar will allow you to identify current and future trends. The following data is available: rates of central banks of different countries, unemployment and inflation statistics. It is known that the currency rate is directly dependent on the political situation and the state of the national economy. The correct interpretation of these data will be the key to success in trading at the currency market.

The company daily provides analytical materials on selected topics, each analysis includes an illustration.

Asset types Triumph X

At the moment, the company only offers robot on the currency pairs and precious metals market. You won’t find any stock or index contracts, so the company is inferior to some competitors. However, on forex, the choice is more than worthy and 60 currency pairs. For precious metals, it is only gold and silver paired with the U.S. dollar

Customer Service

Unfortunately, the customer support leaves much to be desired, in particular this applies to the methods of communication here. All quite archaic, you need to fill out a form on the site you get a number and wait. You do not have a phone number or online chat.

Account replenishment and withdrawal

Among the methods you will find the following: transfer from your bank or pay by credit card, electronic payment methods such as Neteller, Skrill, UnionPay, etc. Interestingly, the company is ready to reimburse the fees paid by the third-party funds service for deposits if the amount exceeds $500 USD.

Account Opening

It takes a few minutes to open an account, then you will need to provide documents for verification of identity. Before you start trading we recommend you to read the rules on the broker’s website.

Conclusion

Of course, it is not unimportant that Triumph X is a licensed and regulated broker, but let’s face it, the list of traded assets is too small. The trading platform offered by the broker is quite good, it is the world famous MT4, the training is quite good, beginners will be very good, also not every profile will present market analysis on a daily basis. There is no social trading and  PAMM-accounts.