Opening a new trading account in TriumphFX is very simple, you just need to choose an account type that suits you and read further, see the full guide。

In order to start trading, you need to open a real trading account with a broker。Today, most online brokers allow you to open a new account on their website or mobile app, so the process is very simple。The first thing you have to consider is choosing the right broker, although there are many legitimate brokers, not all brokers are right for you。

In this article, we will introduce you to a broker called TriumphFX and show you how to create a new trading account on the platform。

Introduction to TriumphFX

TriumphFX is a reputable broker that has been providing services for over 12 years.。It is a broker that aims to give everyone direct access to the world's top liquidity providers through the use of STP technology, allowing them to trade forex, which allows them to offer high quality services and fast order execution.。TriumphFX operates in Europe and internationally, the company's international division is regulated by VFSC Vanuatu, while the company's European division is regulated by CySEC Cyprus.。

At TriumphFX, customers can choose to trade with 60 forex pairs and 4 precious metals。In addition to this, the company is known for its reliable trading platform, competitive spreads and easy account opening with multiple payment methods.。Customer support is also considered reliable and responsive, but the service is only available during working hours in Cyprus。

TriumphFX does not specifically focus on specific types of traders, so the broker offers several types of accounts to meet the needs of both beginners and professional traders:

• Standard fixed / standard variable: minimum deposit of $100, spread from 1.From 6 o'clock。If you choose a fixed spread, open a standard fixed account; but if you choose a floating spread, open a standard variable account。In addition, the maximum leverage is 1: 500。
  Islamic variable: The account is designed for Muslim traders and essentially has the same features as the standard account, but the difference is the swap fee。Islamic account has no swap fees because it violates Sharia law。
  Senior Account: The minimum deposit for a senior account is $500, with spreads from 0.From 6 o'clock, the maximum leverage is 1: 500。Although the spread is low, users pay a commission of $6 per transaction.。
  Islamic Platinum: This account type is suitable for professional Muslim traders。As an Islamic account, there is no swap fee for this type。Meanwhile, the minimum deposit is $2,000, with spreads from 0.From 6 o'clock, the maximum leverage is 1: 500。
  VIP: Minimum deposit of $5,000 in this account type, spread from 0.From 5 o'clock, the maximum leverage is 1: 500。No commission, variable spread。

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TriumphFX offers Forex and CFD trading to retail and professional investors who have successfully opened live accounts with brokers。TriumphFX is regulated by FSA (Seychelles) SD080 and VFSC 17901 and offers Forex and metals trading services to traders from the EU to Cyprus, UK, Korea, Italy, Malaysia, Indonesia, Singapore, Australia and Germany。

TriumphFX was founded in 2009 and now has offices in Malaysia, Hong Kong, Cyprus and Australia。The company has a diversified client base, providing opportunities for less experienced investors as well as institutional traders.。

MetaTrader 4 (MT4) is the main platform offered。In addition to convenient client navigation, the platform also contains comprehensive educational materials for beginners。Copy trading is also possible and users can copy other successful investors。

After registration, deposits can be made in the following currencies: USD, EUR and GBP。Through bank deposits and withdrawals are usually completed within 2-5 days。TrimuphFX operates according to anti-money laundering guidelines, so documentation verification is required before withdrawals are approved。

The company offers a 5% welcome bonus for the international sector, but EU customers cannot enjoy this offer。TriumphFX offers 1 demo account and 4 different live accounts: Platinum account, VIP account, Premium account and Standard account。The main difference between real accounts is related to the minimum deposit amount。

Customers can contact customer service via ticket, email or phone, and the team will quickly respond to any problems the customer may encounter。

Required Documents

As a fully regulated broker, TriumphFX must comply with rules set by regulators, particularly in the areas of anti-money laundering and preventing the financing of terrorism.。In order to meet the requirements, all customers must go through the Know Your Customer (KYC) process to verify their identity, nationality and residential address when opening a new account.。

Before sending the required files, make sure that the files meet all of the following criteria:

• Documents can only be uploaded in the following formats: JPEG, PNG, and / or PDF file extension
  File size must not exceed 2 MB
  Document resolution and sharpness should be high enough to ensure that the document is clear and easy to read (scanner is recommended)
  File must be at least 50% of file。Please crop your document correctly
  All four corners of the file must be clearly displayed
  Accept only color scanned files
  Unclear documents will not be accepted

The documents you need to provide when opening a new account are:

1.Proof of Identity

Customer must provide one of the following documents to verify their identity and nationality。Please note that the document must be a government-issued photo identification document such as:

• Valid passport
  Valid ID Card

Other types of documents may also be accepted, but must be properly inspected by the Triumph Int Limited application department on a case-by-case basis。

Make sure that the document contains all of the following information:

• Name must be the same as in the real trading account application
  The photo ID number must be the same as the number in the real trading account application
  Date of Birth
  Expiration date of documents provided (not yet expired)

2.Certificate of residence

All customers must provide one of the following documents:

• Valid driver's license。
  Utility bills, i.e. fixed telephone lines, gas, electricity, water (within the last three months)。
  Bank statement (within the last three months)
  Credit card statements (within the last three months)
  Mortgage Statement (within the last three months)
  Current home lease agreement (within last three months)
  Personal insurance statement issued by a trusted insurance company and within the premium period
  Personal tax returns (within the last 12 months)

The file must contain all of the following information:

• Name must be the same as in the real trading account application
  The residential address must be the same as the address in the real trading account application
  Expiration date of documents provided (not expired)

3.proof of payment

This is completely optional。If you have made any payment before the real trading account was approved, you can upload a screenshot of the proof of payment, which will enable the broker to credit your account immediately after your account is activated。Considering that deposits via bank transfer are not always instant, paying in advance can give you a head start。

Step-by-step guide to opening an account

1.Go to the TriumphFX official website and click on "Create a live account" or "Open an account"。

2.First, you need to provide some basic information about your identity, including your name, nationality, email address and phone number。Click "Submit" when finished。

3.After completing the initial registration, you will fill out a more detailed questionnaire。

• Personal Data: It contains your personal information, including name, identity, gender, nationality and date of birth。
  Contact: Fill in your email address and phone number。Make sure you use a valid email address and a valid phone number with an international country phone code。
  Residential Address: Fill in your full address, including street name, city, zip code, state / province, and country of residence。The address must match the data shown in the residence certificate。
  Recommendation: If you have a recommendation code, you can enter it, if no one recommends TriumphFX to you, you can leave it blank。
  Trade: This contains information about your trading objectives, which the broker must know in order to offer you the best trading conditions。
  Employment and financial information: choose your employment status。If you have a job, you need to fill in your employer's details。Then, provide information about your financial situation, including your source of funds, approximate annual income before taxes, approximate value of savings and investments, and approximate net worth of your home。
  Financial experience: Knowing your trading expertise is also important for brokers because it can help them determine the protection and trading conditions that are most beneficial to you。Importantly, some financial instruments are not suitable for all traders due to the high risk, so you need to specify your trading skills in advance and trade according to your abilities。

4.Next, you'll see the Foreign Account Tax Compliance Act (FATCA)。The form basically confirms that you are not a U.S. citizen, do not have a green card, and are not a U.S. taxpayer.。If you agree, please check all boxes。

5.The legal section provides all legal documents related to brokers and account opening, please be sure to read each document carefully。If in doubt, please consult the independent legal counsel。

6.When done, check "I have read, understood and accept the terms and conditions described in all legal documents above" and click the "Submit" button。

7.The next page is where you upload all the documents that prove your identity, nationality and place of residence。To upload a document, click Browse and select the file to upload。Then, click "Upload ID" to upload the file。

The second is the residence certificate.。Upload the file and click "Upload proof of residence"。

Finally, you can upload proof of payment and click "Upload proof of payment"。Keep in mind that the proof of payment is optional, so you can leave it blank if you haven't paid yet。

8.Everything is ready! Click "Finish" to complete your registration。

After the account opening procedure is completed

At this stage, your account status is still pending。Once the submission is processed and ready, you will receive an email from TriumphFX with some important details including your access to the trading room as well as the trading platform。Please save this information so that you can easily access your account at any time。Also, be careful about confidentiality, as a data breach could lead to an account breach that could harm your account。

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TriumphFX is a multi-licensed broker that is regulated by both CySEC and Vanuatu regulators.。