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TriumphFX Fees and Spreads

TriumphFX Fees and Spreads

 

 

 

Overall Rating

4.7/5

Rated #267 of 
Recommended FX Brokers

💰Minimum Deposit

USD 500

🌐 Regulators

CySEC 

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

60

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

TriumphFX has no commission fees with spreads from 0.0 pips.

TriumphFX charges both deposit fees and withdrawal fees. TriumphFX also charges an inactive fee.

Finding a reputable list about TriumphFX Fees and Spreads local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth Fees and Spreads review regarding this regulated Forex Company, which will assist traders and allow traders to invest in their currency.

 

Fees and Spreads

TriumphFX’ spreads start from as low as 0 pips.

The spread list and fee schedule which is offered by TriumphFX are transparent as well as competitive. Fees, spreads, and commissions that traders can expect when trading with TriumphFX is as follows:

  • TriumphFX offers all traders the same tight spreads for all account types and trade sizes, without charging any extra fees or commissions.
  • TriumphFX operates with variable spreads, just like the interbank forex market. Because fixed spreads are usually higher than variable spreads, in case you trade fixed spreads, you will have to pay for an insurance premium.
  • TriumphFX also offers fractional pip pricing to get the best prices from its various liquidity providers. Instead of 4-digit quoting prices, clients can benefit from even the smallest price movements by adding a 5th digit (fraction).

 

Additional Trading Fees

When trading financial instruments such as forex, traders can often expect that overnight, or swap fees will be charged when positions are held for longer than a trading day.

According to TriumphFX, short positions which are held overnight will be credited with swaps. These are calculated based on the one-month interbank rate minus 2.5%.

Should long positions be held overnight, traders will be debited with swaps. This is calculated according to the one-month interbank rate plus 2.5%.

For more information on the swaps that traders can expect, traders can consult the TriumphFX website.

TriumphFX makes provision for an Islamic Account for Muslim traders who follow the Sharia Law, and thus prohibited from earning or paying interest where the holding of open positions is concerned.

TriumphFX does not offer spread betting and thus spread betting fees do not apply.

 

Overall Rating

4.7/5

Rated #267 of 
Recommended FX Brokers

💰Minimum Deposit

USD 500

🌐 Regulators

CySEC 

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

60

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Broker Fees

TriumphFX charges both deposit fees and withdrawal fees on the following payment methods used:

  • When making a deposit or withdrawal with credit/debit cards, 2 EUR/ 3 USD and 2 GBP is charged. No fees are charged on the other payment methods.
  • For withdrawals through Bank Wire Transfer if less than 1 000 EUR, the fees will be 20 € / 25£ / 30$ any amount above will be charge + 0.15%. On Skrill and Neteller withdrawals will be charged with +1%.
  • For any deposit equal to or above 500.00 USD, TriumphFX will reimburse the Intermediary Bank Charges. All Local Bank Charges incurred by the sending bank will however not be reimbursed.

More information on the fees spreadsheet can be found on the website.

Traders also need to ensure that they verify additional charges which may be waived by their financial institution. In addition, traders may be subjected to currency conversion fees should they transfer fees in a currency that is different from their account base currency.

 

Pros and Cons

✔️PROS ❌ CONS
Transparent fee schedule Deposit fees and withdrawal fees charged
Relatively low commissions charged
Competitive trading conditions
Islamic Account/Swap-free provided for Muslim traders

 

You might also like: TriumphFX Minimum Deposit

You might also like: TriumphFX Demo Account

You might also like: TriumphFX Sign up Bonus

You might also like: TriumphFX Account types

You might also like: TriumphFX Islamic Account

 

 

FAQ’s

 

How many instruments can I trade with TriumphFX?

You can trade the following financial instruments:

  • Forex
  • Precious metals

 

Which platforms are supported by TriumphFX?

MetaTrader4.

 

Does TriumphFX offer leverage?

Yes. TriumphFX leverage ratios are set to a standard level allowed for European traders since ESMA significantly restricts the use of leverage for retail traders. Hence, the level is set to 1:30 for major currency pairs and even lower for other instruments.

If you are a professional trader, you can access high leverage ratios like 1:500.

 

What spreads can I expect with TriumphFX?

You can expect variable spreads which start from 0 pips.

 

Does TriumphFX charge commission?

Not as a rule but there are some fees payable depending on the deposit or withdrawal method you choose.

 

Is TriumphFX regulated?

Yes. TriumphFX is regulated by CySEC.

 

Is TriumphFX a recommended forex trading broker for experts and beginners?

Yes. TriumphFX caters to both beginners and experts.

 

What is the overall rating out of 10 for ActivTrades?

7/10.

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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