I will just share a few things:

First a Tik Tok video on how MT5 can be manipulated: https://www.facebook.com/Hatta.JTX/videos/3165422067040523
take it with a pinch of salt though, you make your own judgement. Video in Mandarin.

TriumphFX was awarded as "The Most Influential Broker in Asia" by WikiFX back in 2019. Now, WikiFX labeled it as "Scam" status:
https://www.wikifx.com/en/dealer/9271730731.html. If WikiFX is not to be trusted, I guess the same can be said for the award they gave out previously.

Their official Facebook page: https://www.facebook.com/triumphfxofficialpage/ (this is the official one, right? correct me if I am wrong). Google the address "Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Seychelles La Misere, Grand'Anse Mahé, Seychelles" and I saw multiple different companies sharing the same address? So I can only imagine that "Suite 3" will have multiple companies. Btw, the address registered with Seychelles FSA, although is the same complex, but the address is slightly different: https://pictr.com/image/BzLp68 (some pic uploaded by another forumer).

The Facebook indicate that their website is this: http://campsite.bio/triumphfxofficial. I don't know why a regulated broker will use such link. Having an actual domain with their name is more appropriate, but given how many tfxi.com, tfxi2.com, tfxi3.com have been created, I rest my case.

The Facebook page also have posts that shows "Eid Mubarak". However, they never posted any posts for Cyprus National Holiday, such as their Independence Day, which according to Google is 1st April 2022. Do remember their original country is Cyprus, not Malaysia (or... hmm... lol).

I believe most investors that participate in TriumphFX will not know who their fund managers are and who is in the management team of TriumphFX. Some may believe that fund manager cannot run away with their money because the management team/people in TriumphFX is. I don't know how they intend to do it when they don't know both parties. Log a support ticket? Lol.

As for the way to deposit money, last time they use Help2Pay or PayTrust88, which will not redirect to FPX, but it will redirect to another webform to ask you fill up username/password. This is how someone can give away their first level authentication to their internet banking, please don't be so naively think that it is FPX, no it is not. FPX will redirect to the respective bank's login page, not to another dodgy webform.

To me, what I listed above already considered red flags to me, regardless whether the platform is legit or not.

Btw, let's take a look at a recent broker that just went south - ASJ Forex Global.

Let's take a look and this video that said how they safeguard your money: https://www.youtube.com/watch?v=X0Gej7jpWKg

Take a look at their video of their event night: https://www.youtube.com/shorts/BvtgoLz85c0

Heck, they are even doing a lot of charity work. Sounds familiar?

And this guy is trying to find ASJ office in Hong Kong: https://www.youtube.com/watch?v=R7milyOb72I

Lastly, GOOD LUCK!

This post has been edited by kambingkoh: Aug 16 2022, 09:40 AM

As long as members are exchanging funds with each other, the platform can still keep the money within their grasp.

If Rajesh fund can run away with the money, this mean Triumph FX does not guarantee the safety of the funds like what they claimed to be. Do Rajesh investors still be able to see money in their account, just not able to withdraw?

Nowadays, local investors should be using tfxi, tfxi2, tfxi3 domain names (which is not a really good way to name domain btw). These sites are operating under Seychelles FSA licence, and registered under this name: TRIUMPH INT. (SC) LIMITED

Registered address ends up in this location:



Source: https://twitter.com/vikramgrawol/status/149...3347076/photo/1

When you mentioned P2P, you are referring to those WhatsApp group?

So who managed to sell back to company?

I always wonder why they bother to make this exchange... It really didn't come across my mind this is a good tactic to milk extra money:

*E.g. u hav an investment of 10k usd. When market price is 0.50 cents, u can add another 10k usdt to get 20k coins. Hence, ur able to average out ur cost to 0.67 cents per coin. With this price, u may sell it anytime easily in the market while avoiding traffic jam & no need to rush for 1usdt broker pop up*

So basically they may be hoping investors to pump in more money to average out their cost.

Also, they may hope that new investors find this cheap enough to enter as well.

Just my 2 cents.

Seriously who will buy now? It is not even in a proper exchange, and the promised buy back pop-up screen is like so hard to kena. And if kena, can only sell few percent of the amount you expected to sell. Lol.

With the promised buy back like that, who dare to bail out by putting in more USDT? XD. Good luck to them.