Recently, TriumphFX has been accused of delaying investors withdrawal. Many traders feel upset about this broker as they cannot get their money back. Many people start to question the reliability of this broker.
In a Chinese social forum, the victims of TriumphFX were talking about the situation of the broker. According to the above, one trader from China claimed that it has been more than 40 days since he submitted the withdrawal request, and still did not get his money back.
Does this sound scary？ Due to the recent situation of TriumphFX, some victims approached WikiFX to ask if TriumphFX was a legitimate platform. Now, WikiFX wants to expose the truth about the withdrawal refusal of TriumpFX.
TriumphFX recently announced a statement about the delay of withdrawal. According to the statement, due to the Covide-19 and the payment system of some companies in Shanghai, TriumphFX has to delay the investors withdrawal.
(Statement about delaying withdrawal from TriumphFX)
According to the statement above, we can see that the broker did not mention the deadline for the delay. This means this broker can hold investors funds as long as it wants. Even worse, In the midst of the global pandemic, TriumphFX intended to attract investors with a “mission to Cyprus”, this broker claimed it will send a survey team to Cyprus. which was the equivalent of a Ponzi scheme.
WikiFX tells you that a little attention to the daily news shows that the domestic policy of banning non-essential travel during the pandemic alone has made the false promotion of TriumphFX impossible to hide.
Even if you go out and have a round-trip ticket of more than 100,000 RMB, you will not only have to snatch it, but also have to be quarantined for a long time when you return. This kind of overseas tour group practice is “penny wise and pound foolish”. So, do you dare to go out and “investigate”？
Then there was the false claim from the TriumphFX cash disk, this broker who claimed that his forex custodian business managed money on behalf of his clients through the PAMM system and the average monthly profit was a staggering 7% to 15%. Besides, if you want to know more about the PAMM account, you can check this article via this link.https://www.wikifx.com/en/newsdetail/202207183254743592.html
The attractive monthly investment rate of return must be what attracts many people to TriumphFX. TriumphFX claims that its users can earn 7% to 15% per month, and takes 1000 positions as an example. If you can simply average 8% a month, you can make a fortune lying at home.
At this point, there may still be some investors who believe in TriumphFX Those invesotrs might say, well, at least TriumphFX is still there. WikiFX wants to tell you: That scammers will never inform you in advance that they will run away when they take your money away fraudulently.
Here, WikiFX tells you, the Ponzi theme is always packed in luxuriant appearance, early with a variety of regulatory licenses, tall environment or professional trading environment.
In fact, to the foreign exchange investor that won't identify capital dish, you can inquire and identify on the official website of foreign exchange day eye or APP. The TriumphFX platform had no foreign exchange license, no risk control, and no regulation. The TriumphFX platform had only 1.29 points and was marked as temporarily unregulated. This shows that the platform is a black platform.
For some inexperienced traders, the best way to avoid a Ponzi theme is to use WikiFX APP. According to WikiFX, TriumphFX had no foreign exchange license, no risk control, and no regulation. TriumphFX has been given 1.30 points by WikiFX. This shows that TriumphFX is a black platform
Conclusion:
WikIFX advised investors not to believe that the TriumphFX would never run away. After all, your money will never come back if you invest in a Ponzi theme.
WikiFX is actively reaching out to the victim and other traders hoping to find more evidence to help him resolve the problem. Please stay tuned for more information.
WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker!