Global Broker Regulation Inquiry App
WikiFX
ritzyshona 
1-2 years
Is TriumphFX regulated by a reputable authority?
Broker Issues
Regulation
06-30
United States
WikiFX
Reply
TriumphFX operates under the regulation of the Seychelles Financial Services Authority (FSA), but it is important to note that this is an offshore regulation, and the credibility of such a license is not as high as regulations from major authorities like the FCA or ASIC. Additionally, there are concerns about its reputation, as some platforms like WikiFX have flagged TriumphFX as a scam. From my perspective, while the FSA license adds some level of oversight, the lack of a more trusted regulatory body makes me cautious. If you’re considering this broker, it’s crucial to be aware of the potential risks involved.
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