Oct 10 2022, 01:31 AM
QUOTE(AliG @ Oct 9 2022, 03:34 AM)
"If you are talent trader....":lol: 
I tell you how Triumphfx works, because I know a trader that had been approached by Triumphfx to trade for them.
Triumphfx PAMM is different from PAMMs offered by other 'LEGIT' broker in the following respect:
1) Triumphfx allows traders to run huge drawdown, because it's a PAMM, such drawdown are not seen by investors
2) Triumphfx only cares about 'CLOSED PROFIT', and their requirement is trader needs to have closed profit of around 10% a month, they can run the account at 80% DD, that does not matter as long as they can close trades with around 10% profit a month.
3) The key difference between Triumphfx and other broker is, Triumphfx allows investor to withdraw closed profit even though the MASTER account has opened trades and is running a huge drawdown; ALL legit broker will ONLY allow withdrawal by investors after all trades are closed.
4) Triumphfx pays a lot to marketing for them to bring in new clients (hence new capital).
So, as you can see, this is a winning formula because:
1) Investors will be under the impression that TriumphFX traders are GOOOD, because they can withdraw profit every month. (They will NOT be able to withdraw profit with any other legit brokers)
2) The floating drawdown in the Master account is not seen by investors. And as long as the marketing can continue to bring in new capital, it will take care of such drawdown. Imagine, if originally, the Master account has a drawdown of -100k out of a 200k balance, now marketing bring in fresh capital of 300k, the balance increase to 500k and the -100k drawdown is only 20% of the account, which is manageable.
The way for Triumphfx to fail, is when the influx of new capital cannot cover (1) withdrawal from clients and (2) floating drawdown.
At the end of the day, scam or no scam, there are always people who will make money, and people who will lose money.
Even if it is not a scam, you can still lose money because your trader who trade genuniely can lose your money.
So, Triumphfx is a scam, yes of course, go talk to Indonesians, just because it hasn't happened in Malaysia, doesn't mean it is not a scam. It may happen tomorrow, or it may take another 5 years for them to blow up - by then, lots of people will have made a lot of money.
Good luck, do not invest money you cannot afford to lose.
If so easy to become their fund manager, why not you apply and see. I tell you how Triumphfx works, because I know a trader that had been approached by Triumphfx to trade for them.
Triumphfx PAMM is different from PAMMs offered by other 'LEGIT' broker in the following respect:
1) Triumphfx allows traders to run huge drawdown, because it's a PAMM, such drawdown are not seen by investors
2) Triumphfx only cares about 'CLOSED PROFIT', and their requirement is trader needs to have closed profit of around 10% a month, they can run the account at 80% DD, that does not matter as long as they can close trades with around 10% profit a month.
3) The key difference between Triumphfx and other broker is, Triumphfx allows investor to withdraw closed profit even though the MASTER account has opened trades and is running a huge drawdown; ALL legit broker will ONLY allow withdrawal by investors after all trades are closed.
4) Triumphfx pays a lot to marketing for them to bring in new clients (hence new capital).
So, as you can see, this is a winning formula because:
1) Investors will be under the impression that TriumphFX traders are GOOOD, because they can withdraw profit every month. (They will NOT be able to withdraw profit with any other legit brokers)
2) The floating drawdown in the Master account is not seen by investors. And as long as the marketing can continue to bring in new capital, it will take care of such drawdown. Imagine, if originally, the Master account has a drawdown of -100k out of a 200k balance, now marketing bring in fresh capital of 300k, the balance increase to 500k and the -100k drawdown is only 20% of the account, which is manageable.
The way for Triumphfx to fail, is when the influx of new capital cannot cover (1) withdrawal from clients and (2) floating drawdown.
At the end of the day, scam or no scam, there are always people who will make money, and people who will lose money.
Even if it is not a scam, you can still lose money because your trader who trade genuniely can lose your money.
So, Triumphfx is a scam, yes of course, go talk to Indonesians, just because it hasn't happened in Malaysia, doesn't mean it is not a scam. It may happen tomorrow, or it may take another 5 years for them to blow up - by then, lots of people will have made a lot of money.
Good luck, do not invest money you cannot afford to lose.
With so easy requirement "trader needs to have closed profit of around 10% a month, they can run the account at 80% DD", I think any trader can qualify. They don't need to look for good trader.
This post has been edited by SKL: Oct 10 2022, 01:40 AM
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