TFXI is a Forex CFD broker, that previously went by the name TriumphFX.
Owned and operated by; Triumph Int. (SC) Limited, they are located at: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Seychelles La Misere, Grand’Anse Mahé, Seychelles. Listed phone number is; +2484322001, and customer support email address is; [email protected].
Official Website is: https://www.tfxi.com/.
Investors with complaints or withdrawal problems should read this.
TFXI Broker Reviews
Our review of TFXI brokers finds, that they offer their day trader and investors the standard MT4 trading platforms. Clients can either download the desktop trading app, use the web-based MT4 interface, or install the mobile trading apps from iTunes or Google Play.
TFXI Triumph offers the basic selection of underlying assets for trading CFD’s, including all popular Forex pairs, Market Indexes, Precious Metals and Energy. Margin / leverage rates on Forex pairs is as high as 500:1, the spreads for a basic account starts at 1.6 pips.
Minimum deposit for a new trading account starts at $100. Free demo trading accounts are also available. Their website is localized in English, Thai, Chinese, Vietnamese and Malaysia.
Influencer Forex Traders
Many newbie investors today are getting into Crypto and Forex trading, because of a promoter they found on TikTok. It has now become so bad, that TikTok has placed a warning on the hashtag ForexTrading.
Before following any financial advice, keep in mind that all investments involve risks and consider doing your own research.
TikTok
Fraudsters create fake TikTok and Instagram profiles, and display a high roller rich lifestyle, which they claim comes from their success in Forex trading.
Before following one of these traders, you must know that the people running managed account schemes are very often frauds! They are setup as Introducing Brokers, and many of them will profit off of your trading volume.
First thing to do, is educate yourself about day trading, and then look into Social Trading at a regulated broker like AvaTrade.
Is TXFI a Legit Broker?
Yes, because TXFI is owned by Triumph Int. (SC) Limited, and they are licensed the FSA of Seychelles as a Securities Dealer with license number SD080.
There is another company called TriumphFX with a website at https://www.triumphfx.com/, which is a European broker that is licensed in Cyprus. It could be that they are managed by the same people. Apparently, they have a website for traders in China at: dehuifx.com.
In 2020, the Securities Commission of Malaysia issued a warning that TFXI is operating without a local license.
Scam Broker Investigator uses a unique method to review forex brokers to see if they are legitimate or a scam. We start by checking the validity of the brokers license. Why does a broker need a valid license? Because everyday we find unlicensed brokers that simply disappear and go out of business stealing investors money.
World class brokers are always licensed by; ASIC in Australia, FCA in United Kingdom, or your governments financial regulator. Smart investors will always use a licensed broker, because of the protection you are offered from your financial regulator.
Compare Brokers
Smart investors always review a few different brokers before making a final decision, See the best brokers list.
AvaTrade is a global broker that is licensed in many countries worldwide. Many investors are trading with AvaTrade because of their wide range of trading platforms, which includes Social Trading. Learn more at: AvaTrade.com.
What was your experience investing with the brokers at TFXI brokers? Please share your thoughts in the comment section below.