TriumphFX Review: Scam Or Legit? | Recover Lost Funds

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Is TriumphFX a scam? How to recover funds from TriumphFX? Find the answers to all these questions and more in this guide.

Summary

TriumphFX has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to AAA Trading. We’ve received over 3 complaints against TriumphFX.

TriumphFX is an investment tool for Forex and CFD trading that is being looked at closely because it is risky, like AAA Trading. There are a lot of worries about the complaints, especially about how its Asian branches work like a Pyramid Ponzi scheme. Even though CySEC oversees the site, there have been reports of problems with withdrawing funds, payments being late, and customer service being bad. Users are told to check TriumphFX’s regulatory standing and be careful when dealing with the company. For deals that don’t seem right, you might want to file a chargeback.

Get Your Money Back From These Scammers!

1

Key Takeaways

TriumphFX has lost investors thousands of dollars
TriumphFX website owner is anonymous
Vague terms of service
2

Is TriumphFX Regulated? Do They Have a License?

TriumphFX is an investment platform offering Forex and CFD trading. It has a presence in several countries, including Cyprus, the UK, South Korea, Italy, Malaysia, Indonesia, Singapore, Australia, and Germany.

The platform is regulated by the Cyprus Securities and Exchange Commission (CySEC) and also has an offshore entity in Vanuatu. However, there are significant concerns regarding its operations, especially its Asian branches, which have been accused of operating like a Pyramid Ponzi Scheme.

TriumphFX


The lack of regulation or the presence of poor regulation is a huge red flag. It means TriumphFX is a scam and most likely, an illegal operation.

Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.

That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.

In the case of TriumphFX, victims have nowhere to go due to the absence of a watchdog or license.

You should ask yourself the following questions when you come across a new investment firm or opportunity:

  • Does the investment provider maintain transparency about its CEO?
  • Do they have a license from a renowned regulatory authority?
  • If the need arises, can I reach out to an authority to report this company as a scam?
3

Trading Conditions and Deposit/Withdrawal Methods at TriumphFX

TriumphFX supports a variety of payment methods for deposits and withdrawals, including Visa, Maestro, ALIPAY, Online Banking, Union Pay, and Tether (USDT). The platform has competitive minimum deposit requirements and generally does not charge deposit fees.

TriumphFX


However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.

They might give you multiple reasons including:

  • A technical error
  • A glitch in their system
  • Banking issues
  • A “hacking attack”

And many others.

But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.

If you want to get your money back from a scammer, you’d need to file a chargeback.

4

TriumphFX Customer Service: Do They Handle Complaints Well?

There are numerous reports of difficulties with withdrawing funds and inconsistent or delayed payments to investors. Additionally, the customer support system has been criticized for poor communication and reluctance to address user concerns effectively.

When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.

In the beginning, scammers tend to remain very accessible.

This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.

However, they do all this just to win your trust.

Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.

Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.

All of a sudden, their numbers would either stop responding or become unavailable.

Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.

However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.

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5

TriumphFX Reviews: What Do Others Say?

Online reviews and customer testimonials present a mixed picture. TriumphFX’s Asia branches are particularly criticized, with allegations of employing manipulative tactics on social media and using high-pressure sales techniques. Many users report issues with fund withdrawals and unfulfilled promises of high returns.

It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.

Scammers like TriumphFX tend to purchase fake reviews for their online profiles to make themselves seem more credible.

TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.

That’s why you shouldn’t trust TriumphFX reviews easily.

It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.

In the case of TriumphFX, chances are, you wouldn’t find many legitimate reviews.

Another prominent way scammers like TriumphFX enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.

This way, when you’ll look up “TriumphFX reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising TriumphFX.

TriumphFX reviews coverage


You should always look out for consumer complaints. In the case of TriumphFX, the most common complaints I found were about:

  • Poor customer support
  • Delays in payments
  • High fees and charges
  • Lack of transparency regarding their leadership team
  • Aggressive sales staff

Do you have a similar complaint about TriumphFX? You can share your complaint in the comment section or submit an anonymous tip.

6

Is TriumphFX Legit Or Scam?

TriumphFX is a regulated entity in Cyprus, offering some level of investor protection, such as segregation of funds and negative balance protection. However, the company’s operations, especially in Asia, have raised numerous red flags typical of pyramid Ponzi schemes, such as reliance on recruitment and referral bonuses, high returns promises, and lack of transparency in operations.

There’s also an issue with limited trading instruments and lack of comprehensive research for clients.

TriumphFX is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.

The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind TriumphFX can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.

The absence of a watchdog also means you cannot report to them to anyone.

Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.

Can You Trust TriumphFX?

All the evidence suggests that TriumphFX is a scam. If you have lost money to them, there is still a chance you can get it back.

To recover your funds, you’d need to file a chargeback.

7

Frequently Asked Questions

Is TriumphFX a scam?

According to the online reviews of this company, it’s highly probable that TriumphFX is a scam. You should exercise caution when dealing with them.

Can I withdraw money from TriumphFX?

Yes, you can withdraw your funds from TriumphFX by getting in touch with one our experts. Get your money back immediately.

Where is TriumphFX Located?

There is no information available on the location of TriumphFX.

How do I get my money back from TriumphFX?

To get your money back from TriumphFX, you can file a chargeback. Learn more here.
8

How The TriumphFX Online Scam Works

Launch a website/app with a generic name

A website or app with a generic name allows scammers to hide behind common Google search results. Marketing such names is easier as well.

Pay influencers & social media pages to promote the scheme

By getting influencers and social media pages to promote their brand, scammers make their shady company seem more legit than it actually is.

Send thousands of emails and make cold calls to potential victims

It’s common for scammers to buy the contact details of people and spam them through email, phone calls, social media messages and other means.

Make victims feel safe through “small wins”

Such small wins usually include a few payments transferred into the victim’s account. This makes them seem more legitimate.

Convince victims into investing large sums of money

Due to the small wins, the victim is now convinced that the company is legit. Now, the scammers try to manipulate the victim into giving them larger sums.

Disable withdrawals & take down the website/app

Once the scammers have recieved a signicant sum, they either stop responding or cite a technical error to freeze their victims’ funds.

Repeat the cycle

After making the money, the scam will shut down and the people running it will launch another and repeat the cycle.

Get Your Money Back Free consultation
If you’ve lost money with TriumphFX, we can help you get your funds back. Schedule a free consultation with our team of experts and we will have a look.
An expert will get in touch with you within 48 hours.
TriumphFX Review: Scam Or Legit? | Recover Lost Funds
TriumphFX Review: Scam Or Legit? | Recover Lost Funds

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