1. Yes maybe it's true that it has started since 2010. However you can check the website monthly traffic. Up till Dec 2017, the traffic is just max 424 hits/month vs. 29727 hits/month in May 2022. 424/29727=1.4263% which is insignificant. Traffic picked up starting Jan 2020 (2636 hits/month). I suspect they joined the Wiki FX Expo in Kuala Lumpur in July 2019 and that's how it started spreading here.

At the moment the overwhelming majority of their visitors (80% comes from Malaysia).

And if you have time you can go check out the comments written by supporters of previous money game e.g. Igofx ('8 years') and MBI International ('10 years'). Their arguments is the same 'already running for xx years, how is it a scam?'. Well they kept saying that till the moment the money games imploded.


2. Yes this point might be true. But I'm still not sure why it is listed under the same entry in the SFC alert list: https://www.sfc.hk/en/alert-list/1430. Also I found an old presentation of Singliworld Forex (busted money game) which supposedly used Triumph Global as their broker, but in one of the slides Triumph FX website is shown.


3. That's not true. MAS does not care if it is an offshore entity paying no profits to Singapore. Just think of it, if it is true there would be a million other websites listed under MAS investor alert list. MAS starts to care only when Triumph FX or their IB's try to convince Singaporeans that Triumph FX is licensed or regulated by MAS. That is the only reason whey they are in the alert list.

'that’s why binance was also listed in Mas' This type of statement is always used by Triumph FX IBs in order to borrow credibility from Binance. When binance.com was put on MAS alert list, they immediately took action: removed SGD trading pairs, removed singapore payment options, removed their apps from respective app store, stop singaporean users from accessing binance.com. Now you go ask your upline: has Triumph FX done any of that ?


4. Referring to (1), due to insignificant numbers before Jan 2020, I assumed Triumph FX to be 2 years ++ old. The scale of the operation before Jan 2020 and after are totally in different leagues.

5. One of the most stupid arguments from IB is 'if they're paying, how are they scam?'. Don't they know, in order to sustain the reputation of a money game, paying investors (until they want to stop) is the most fundamental thing to do!

6. Regarding MT4. What I've heard is this trading platform connects to the broker server. That's where things can be manipulated as they like (please if any can confirm this with evidence please let me know!). Compare this to another platform known as 'cTrader' - this connects only to the developer server so that brokers cannot manipulate as much. Now if Triumph FX is regulated in tier-1 regulators or audited by a credible third party, I wouldn't be worried. But Triumph FX is regulated by Seychelles which makes me very worried. Please note that I have confirmed with CySec that any transactions under tfxi.com is not under their purview and investors are not protected by them.

Also you look at their profit distribution: 10% to traders. Just think for a moment, if they're performing that do you think they are so charitable to take only 10% of the profit? For me even 50% is fair.

Well my first impression of Triumph FX is they're a money game. Why? Because they have all the things in a money game starter pack (MT4, consistent profit, mlm scheme, offshore regulation). I put my initial investment thing hopping that I might be wrong. But till this moment I'm still waiting.

yeah but I think it's 30% that's spread across multiple levels.

just think of it only 10% goes to the trader

This shows that the MLM aspect of it is more important than the trading itself.

And what is important for a ponzi scheme? yeah that's right - MLM.

If any trader or group of traders can perform as well as those of Triumph FX, I doubt they need MLM.

No need to promote to Tom, Dick and Harry to invest. Even Warren Buffet, Bill Gates, Najib, Taib Mahmud will pour their money into this.

They can even easily take 50% as their profit.


okay I might be wrong.... maybe there's really benevolent generous traders out there

Triumph Fx purchased g.s.e golden sky capital ltd (owner of binary cm) in order to buy a cysec license... Those ang mos are carried over as directors and employees

You can go check out what happened to the other companies which joined those events...

Maniford which is the gold sponsor and top award winner (together with Triumph FX) in wiki fx expo 2019 has turned scam status

If not mistaken samtrade fx also participated in the expo..

So go figure

Remi capital acquired the AFSL from a another company, did not fullfil any of their audit obligations, then sold their license.

Anyways this is another favorite argument triumph fx IBs like to put out:
'If even Tier 1 regulated brokers can collapse, then putting money into a seychelles offshore broker makes no difference'

this is equivalent to saying:
'If walking on the side of the road can get you killed, then walking in the middle of the road makes no difference'

I tried asking but they said 'it's a private company. why would they want to share their account info with you?'

I see.. I'll try to look into that...

But I'm not very optimistic. I mean if there's anything like that which can corroborate with their MT4 statement (which can be cooked anyhow they like), I'm sure the IBs will be parading it as the ultimate marketing trophy

hi, you invested in 2013 through which website ? tfxi.com or triumphfx.com ?

any evidence of 'investing since 2013' would be much appreciated

Interesting article regarding MT4: https://www.globalantiscam.org/post/metatrader-has-fraud

According to the author:
1. MetaTrader 4 and 5 are the preferred platform of scammers
2. Real label license is bought directly from MetaQuotes
3. White label license is bought from real label holder
4. However, MetaQuotes impose little to no rules or policies to prevent their license holders, BOTH real or white label, from using third party plug-in software, such as Virtual Dealer Plug-in
5. Scammers can use the Virtual Dealer Plug-in or other third party software to delay real-time market prices, manipulate market prices, make fake account balances, profits or losses.
6. MetaQuotes claims to be solely a software company and owes no due diligence to root out and prevent scams occurring on their platform.
7. Sometimes real label holders are found to be be scammers.

yet Triumph FX paid WikiFX to get “Most influential Forex broker in Asia” award in WikiFX Expo 2019 oh....

Just googled trustpilot and here are the top reviews. Note that most of these reviews are quite recent so is it a sign?

Rated 1 out of 5 stars
2 days ago
TriumphFX SCAM MY MONEY
TriumphFX SCAM My Money! Never receive my withdrawal after requested for one month. Never invest in TriumphFX, do not trust their agents, they are all scammers! They ignored my complains. All the returns are fake! Its just another money game.

Rated 1 out of 5 stars
Updated a day ago
Where is my money TFXI?
I have read a large number of poor reviews regarding their ability to provide on-time support and I am in the same bag with support tickets not being answered for over two months. This is a serious matter as my support tickets relate to the unprecedented closure of their agent bank account in Hong Kong and consequently the non receipt of a large sum of bank transfer to that account which appears to have been lost in transit. My bank as well as the beneficiary bank have confirmed the transfer and receipt but TFXI says that it has not received the money. Should I be worried? Here are my answered support tickets numbers:279964, 263606, 261429, 259188 and 225731

Rated 1 out of 5 stars
6 days ago
Their Support is horrible, no response whatsoever.
The Support (Customer Service) is terrible, i raised a ticket more than 2 weeks ago and still have not had a response, unbelieable! Note: TriumpFX for your referrence: Ticket no. 337609

Rated 1 out of 5 stars
Updated 6 days ago
Suspicious Broker
Been using TFXI.com for a couple of months. Luckily just putting a small sum. They never reply to client’s issues even though their portal provides a support tickets function. The detachment and withdrawal process usually takes more than a week. It seems like TriumphFx doesn't employ staff for thier customer services. I wonder if this is just a shell company for people to put their money and using clients' monies for money laundering. Yet do some shows to make it looks legit. Anyway, I will file a suspicious report in my country. Definitely not recommended and be careful if you are using it.

Rated 3 out of 5 stars
Jul 11, 2022
Issue with Internal Fund Transfer
Dear Sir/Madam,
I couldn't do Internal Fund Transfer to another member. When I want to do the Internal Fund Transfer, it comes out the message "The selected Login is Invalid" although the login is valid. Similarly, when a member wants to do Internal Fund Transfer to my account, it shows the message "The selected Login is Invalid". Could you please resolve this issue for me? My support ticket is #358108.Thank you in anticipation.

Rated 2 out of 5 stars
Jul 11, 2022
Didn't receive USDT Crypto withdrawal after 3 days
It takes 1 month for support team to reply on my previous support ticket.

Can anyone check on Support Ticket #356496?

How long it takes for withdraw USDT (crypto) to credit after withdrawal has been approved?
And did not get any USDT (crypto) transaction details. Crypto transaction should be complete in minutes. It has been 3 days since withdrawal approved, but still not see the fund in my wallet.

Rated 1 out of 5 stars
Jul 5, 2022
Terrible experience thus far
Terrible experience thus far. Dont believe all the fake reveiws listed on here. I have had 2 support tickets open for 3 weeks regarding some missing deposits! Conveniently no body from TFXI has been in touch to assist me in any way whatsoever. I have also emailed them and they still havent responded.

Its a real shame as I have heard some positive feedback.

But not having withdrawal issues does not mean it's not a pyramid scheme oh.... Indeed not having withdrawal issues is one of the essential requirement of a pyramid scheme before a sudden catastrophic failure.

So far you and one more fellow investor I know claimed to have invested 'since 10 years ago' but both of you remained silent when asked for further info.

Binance can be trusted (in my opinion) is founded by famous crypto billionaire CZ

Octafx is also a risky place to put your money in, because they're registered in offshore St Vincent and the Grenadines

Triumph FX is risky, because they're registered in offshore Seychelles.


and again, please don't fall into this logic trap:
If riding in a car will also get you killed, then i might as well ride on a motorcycle

because the risk of getting killed on a motorcycle is higher than in a car

The safest way, is to invest in things not in the list as MUM said

This post has been edited by pcGeeK: Jul 25 2022, 01:56 PM

I see.....

No one is saying 10 to 15% a month is difficult.... But over what time span and with what consistency? No significant drawdown and showing a smooth equity curve like the trading teams at Triumph FX ?

Can you show us any evidence of traders achieving that over a let's say 3 years period ?

Please enlighten us

Can tell us more about Rajesh ? Supposedly your money is safe with Triumph FX and traders are independent from the broker ? Then why can 'Rajesh' suddenly become 'illegal'? And funds are 'locked' ?

Actually those uplines promoting stupid schemes like this should be charged.

I think there should be something under the financial services act ..

So it teaches them a lesson and next time those who wanna play skim cepat kaya just do it silently and not trumpet it around

Well, strictly speaking, even exchanging usd to myr vice versa without going through a licensed money changer is already an illegal act

Bro kokanchai1983....... why are you showing profit from a few trades? you need to show evidence of getting 7-8% per month for the last few years. We are all waiting...

Still waiting for bro hsc to show evidence of 10-15% monthly profit


And since you invested since 2015, can help with a few questions?
1. In 2015, you accessed the website through which domain ? triumphfx.com or tfxi.com ?
2. In 2015, where was TFXI regulated?
3. Then, where was TFXI regulated next?

Because it has a full scale MLM scheme.... They're under pressure to up rank and recently they have this 'cyprus incentive trip' (only IBs who hit certain targets can go)

The best part is: 30% of the profit goes to the MLM scheme, whereas the traders only get 10%.

Let's us start a company and we give them 40% of the profit. No need for MLM, word of mouth is gonna make our company grow exponentially. After all, the traders making 10% monthly profit consistently for so many years-stellar performance to say the least. They're a golden goose, and shouldn't be treated badly by TriumphFX.


Of course, that's assuming that they actually have traders

This post has been edited by pcGeeK: Jul 28 2022, 08:57 AM

Well guys, let's take a time machine back and revisit some of the slides used to promote Singliworld

(Please note I merely just screenshot the slides and post it here, no relationship implicated here)







Comment on the last slide from Singliworld supporter ' you guys bodoh wan isit, i at home also can easily do 10-15% mah. why you guys think not possible. just diam diam sit at home hoseh liao'

This post has been edited by pcGeeK: Jul 28 2022, 02:47 PM

stock and shares people go in knowing what game they're playing oh ...

but triumph fx promoting itself as a legit investment, but are they really ?