So I guess current 20% is better than nothing

Well according to MUM, it's not a scam if you already know it's a scam 😉

Actually I start to agree with you. Greedy people deserved to be scammed

TFX is not 100% collapse but only 80% collapse because they shift to buttcoin to prevent bank run event. If not, the pyramid scheme already collapsed.

TFX really pandai

Interesting comment
https://www.trustpilot.com/reviews/639ec725eb0ad848990ed07f

Search for a company or category…
Categories
Blog
Log in
Review of TriumphFX

Austin L
1 review
MY

Dec 18, 2022
Time to be realistic and level-headed
Hello. I've been a long-time investor of Triumph FX. However, I would like to address few points below. For your consideration:

1. Customers who joined before TFX coin was introduced clearly wasn't aware that their fiat money would be converted into a coin which can fluctuate in value. A deposit of USD1000, thereafter whatever figure which shows in your TFXI account should always be that and should be available to you at any time. After all, Triumph FX is a custodian, but you are still the owner of the funds.

2. Limitation of USD 10mil withdrawal: Unless Triumph FX is under investigation, blacklisted, sanctioned or involved in illegal activities (money laundering, terrorism etc.), there should be no such limitation considering that the total claimed fund size is 10bil USD. After all, when you registered your account, you have done a proper KYC procedure and it's akin to individuals (not a single entity) transferring money out (to put it simple it's one person withdrawing 1000USD, not one person withdrawing 1milUSD which will raise alarm bells). This relates to point (1.) as well.

3. For people are still clinging to the idea that 1TFX=1USD: In order to make such claim, the broker must first do a proper external audit of their funds. Then they can mint an equivalent amount of TFX to match the amount of USD they have. Thereafter proper regular audit is required in order to sustain the peg.

4. To further validate point (3.): If you're an insider of Triumph FX and you know that the company has USD 10bil to back TFX, the moment it drops to 0.99USD, you would have used any financial means (including lending) to buy up the funds. This means it's not possible for the coin to drop significantly (e.g. 0.4USDT). This is the mechanics of a 'stablecoin'. After all, it's free money. However, this does not happen. This shows that Triumph FX themselves has zero confidence in their own coin!

5. Uplines shunning responsibility. You should hold your upline accountable unless:
A. Your upline has properly explained the risks (not just the risks of trading, but the risk of your USD suddenly converted into TFX coin and also the risk of opaque fund management in an offshore regulatory setting).
B. The upline explained that the figures in MT4 is just a display of what the broker want you to see (not what actually happened).
C. The broker made you understand that it is an illegal activity in Malaysia (not grey area), and no recourse in Malaysia in the event of a dispute.
D.Clients are not covered by CySEC since they're not regulated there (not protected by CySEC CIF and no assistance by CySEC Financial Ombudsman)

Date of experience: December 18, 2022

When it finally crashed to zero

Those exited when the price 0.22 will be shouting "thanks goodness"

They can't lock at 0.8 because the money left in the pyramid scheme is around 0.2.

Genuine fund can pay off everyone at 1:1.

But this is not genuine. This is pyramid scheme. Only left 0.2 (20% money) inside.

So need new investor to pay investor that want out.

If got new investor come in, then the percentage will go higher.

But if they think this is not sustainable, they just run. If got new investor then they will able to continue this scam.

I think old investor want this scam to continue. They know it's scam but still want this to continue and hope new investor will come in to shore up the price.

This post has been edited by vapanel: Dec 30 2022, 08:30 AM

Just now I already want to ask you why you sound so technical on crypto but still stuck. I guess you admit yourself is greed.
MUM is right again

Watch some Ponzi scheme video

Actually upline definitely know this is scam. They just want this scam to continue because the amount of wealth they got from this scam for many years is crazy.

Return so slow. Who want?

Also they justify by saying Forex earning is like that one. If stock market sure cannot. But Forex can.

But we all know behind where got Forex. Pyramid scheme got la.

Give out so much return and so much commission to UL. Of course left 20% only. So TFX coin at 0.2 is kinda justify

I think no need knowledge already know it's scam.

When he talk about about professional, I think he mean intelligent. Only intelligent people can be professional.

I know an intelligent person in subject matter A can be stupid in subject matter B.

But fortunately you don't need to be professional in Forex, finance or related to know this is a scam.

Every cycle (5 weeks) consistent 7%. If still think it's possible, then unfortunately you are Ponzi scheme audience.

Ponzi scheme works in Malaysia particularly in Penang because these area people like to play money game (also known as kutu)



This post has been edited by vapanel: Dec 31 2022, 03:57 PM

yes it is their intention to create Tex (monopoly money) because theres only 20% money left in the scheme but more than 20% money are being redeemed. so creating tex will dilute the money to 20% and now everyone can take out and tfx said the price tfx drop. not i cheat you money

effectively legalizing the missing 80% money due to fact its just a ponzi pyramid scheme

if you report police maybe tfx will say “got ar, i return your money in full. but its just 20% because the price drop in tex”

tfx now laughing at all hamster investor

This post has been edited by vapanel: Dec 31 2022, 05:23 PM

i assume 20% since everyone can sell at 0.27 now right?

no need pop up can straight sell at 0.27 right?

sounds like it want to attract new money to pay off old money

the more they talk, the more proof of ponzi scheme

since now is the best time to sell before big whale come and tank the price

after Triumphfx fail ( i can confirmed Triumphfx already failed because it unable to pay its victim), another scam bite the dust
https://www.freemalaysiatoday.com/category/...e-claims-group/

this one is low end one because not intelligent enough to go the crypto route

This post has been edited by vapanel: Dec 31 2022, 07:07 PM

anyone know why the tex.tfxi.com default to Chinese language?
and main tfxi is english?

so scammy people still believe ar? Imagine international broker default language is Chinese ...omg..



This post has been edited by vapanel: Dec 31 2022, 08:56 PM

Sounds like TFX already collapse

What else proof that we need?

Maybe come from same school for scammers

But maybe not intelligent enough to branch into crypto

Or target audience is not IT savvy enough

I heard TriumpFX investor all IT and engineer level

This post has been edited by vapanel: Dec 31 2022, 08:48 PM

Lucky draw is not cash out lol 😂

Seems like scammer from IT and engineer





This post has been edited by vapanel: Dec 31 2022, 09:08 PM