Global Broker Regulation Inquiry App
About WikiFX
English
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
اردو
trade245 , TriumphFX Broker Comparison
Do you want to know which is the better broker between trade245 and TriumphFX ?
In the table below, you can compare the features of trade245 , TriumphFX side by side to determine the best fit for your needs.
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Relevant Exposures
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Relevant Exposures
2 / 3 forex brokers comparison in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Est. Date
Regulatory License
MT4
MT5
Crypto
Deposit/Withdrawal Methods
Trading Env.
Trading Environment Rating
Execution Speed
Trading Speed Rating
Average Execution Speed
Minimum Execution Latency
Minimum Open Latency
Minimum Close Latency
Maximum Execution Latency
Maximum Open Latency
Maximum Close Latency
Slippage
Slippage Rating
Average Slippage
Max Slippage
Maximum Positive Slippage
Maximum Negative Slippage
Trading Cost
Trading Cost Rating
- Average Trading Cost
- (EURUSD)
- Average Trading Cost
- (XAUUSD)
Swap
Swap Rating
- Average Trading Cost
- (EURUSD)
- Average Trading Cost
- (XAUUSD)
Disconnection Instances
Disconnection Rating
Avg. Disconnection Frequency (/day)
Avg. Reconnection Time
Account Info
Accounts
Account Name
Trading Instruments
Minimum Deposit
Maximum Leverage
Typical Spread
Stop-Out Level
Spread Types
Minimum Trade Size
Crypto
Lock Position
Scalping
EA Trading
2.02
Unverified
Under guarantee
--
5-10 years
FSCA,FSCA
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
Micro,Micro bonus 100,Micro bonus 300,VIP,Bonus 100,No Bonus,Bonus 300,Zero Stop-Out
--
R100
1:500
From 2
30.00
Variable
0.01
--
1.64
Scam Brokers
Under guarantee
10-15 years
CYSEC,VFSC
MASTER,VISA,Bank Wire,Skrill,Neteller
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
Premium Account,Gold Account,Classic Account
--
--
1:30
From 0.1
0.00
--
0.01
--
trade245 、 TriumphFX BrokerRelated News
trade245 、 TriumphFX BrokerRelevant Exposures
Which broker is more reliable?
To evaluate a broker's reliability and trustworthiness, consider the following four factors:
1.Forex broker introduction。
2.Do trade245 and triumphfx have lower transaction costs?
3.Which broker is safer?
4.Which broker offers the best trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Forex broker introduction
trade245
| Trade245 Review Summary | |
| Founded | 2020 |
| Registered Country/Region | South Africa |
| Regulation | FSCA (Unverified) |
| Market Instruments | Forex, indices, stocks, commodities, CFDs |
| Demo Account | / |
| Leverage | Up to 1:500 |
| Spread | From 0.0 pip |
| Trading Platform | MT4, MT5 |
| Minimum Deposit | $0 |
| Customer Support | Tel: +27(0) 87 828 8245 |
| Email: support@trade245.com | |
| Social Media: Instagram, Facebook | |
| Address: Wetton Works, 14 Mercury Crescent, Wetton,Cape Town, South Africa, 7780 | |
| Address: Menlyn Square, Building B, 1st Floor, 132 Aramist Ave, Menlyn, Pretoria, South Africa, 0063 | |
Founded in 2020, Trade245 was registered in South Africa. Its market instruments include forex, indices, stocks, commodities, and CFDs. Customers can use MT4 or MT5 to trade, with seven account types available, whose leverage is 1:500, with no minimum opening deposit requirement. However, investors still need to be cautious, since Trade245's license is unverified.
Pros and Cons
| Pros | Cons |
| Various trading products | Unverified status |
| Seven account types | No demo account |
| MT4, MT5 support | |
| No minimum deposit requirement | |
| Multi-lingual support |
Is Trade245 Legit?
| Regulated Authority | Financial Sector Conduct Authority (FSCA) |
| Current Status | Unverified |
| Regulated Country | South Africa |
| Regulated Entity | Red Pine Capital (PTY) LTD |
| License Type | Financial Service Corporate |
| License No. | 46044 |
What Can I Trade on Trade245?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Commodities | ✔ |
| CFDs | ✔ |
| Bonds | ❌ |
| Cryptocurrencies | ❌ |
| ETFs | ❌ |
Account Type
| Account Type | Leverage | Spread | Platform |
| Bonus 100 | 1:500 | From 1 pip | MT4 |
| No Bonus | 1:500 | From 1 pip | MT4 |
| Swap Free | 1:500 | From 1 pip | MT4 |
| Zero Spread | 1:500 | From 0 pip | MT4 |
| Bonus 245 | 1:500 | From 1 pip | MT4 |
| Bonus Rescue | 1:500 | From 1 pip | MT4 |
| Micro | 1:500 | From 1 pip | MT4 & MT5 |
Leverage
For all account types, the leverage is 1:500. The use of leverage can both maximize profits and also increase losses. Therefore, customers still need to consider carefully before investing.
Trade245 Fees
| Account | Spread | Bonus |
| Bonus 100 | From 1 pip | Included (100%) |
| No Bonus | From 1 pip | Excluded |
| Swap Free | From 1 pip | Excluded |
| Zero Spread | From 0 pip | Excluded |
| Bonus 245 | From 1 pip | Included (245%) |
| Bonus Rescue | From 1 pip | Included (25%} Drawdown) |
| Micro | From 1 pip | Excluded |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | PC, web, mobile | Beginners |
| MT5 | ✔ | PC, web, mobile | Experienced traders |
Deposit and Withdrawal
Investors can deposit and withdraw via VISA, Mastercard, PESA, OZOW, Skrill, Global cryptocurrency.
triumphfx
| TriumphFX Review Summary | |
| Registered On | 2008-01-12 |
| Registered Country/Region | Seychelles |
| Regulation | Suspicious Clone |
| Market Instruments | Forex, Indices, Commodities |
| Demo Account | / |
| Leverage | Up to 1:500 |
| Spread | 0.5 (Typical, EURUSD) |
| Trading Platform | TriumphFX Mobile App |
| Min Deposit | $100 |
| Customer Support | Facebook, Instagram |
TriumphFX Information
TriumphFX is a No Dealing Desk (NDD) broker that offers trading in Forex, Indices, and Commodities. It supports multiple flexible trading accounts with spreads as low as 0.5 pips and leverage of up to 500x.
Pros and Cons
| Pros | Cons |
| Leverage up to 1:500 | Suspicious Clone |
| Flexible account options | MT4/MT5 unavailable |
| Spread as low as 0.5 pips | |
| Muslim accounts available |
Is TriumphFX Legit?
| Regulated Country | Regulated Authority | Regulated Entity | License Type | License Number | Current Status |
 | FCA | Shine Trades Limited (CY) Ltd | European Authorized Representative (EEA) | 763697 | Revoked |
 | VFSC | Triumph Int. Limited | Retail Forex LicenseStraight Through Processing (STP) | 17901 | Revoked |
 | CYSEC | Shine Trades Limited (CY) Ltd | Straight Through Processing (STP) | 293/16 | Suspicious Clone |
What Can I Trade on TriumphFX?
TriumphFX offers various market instruments, including Forex, Commodities, and Indices.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ❌ |
| Precious Metals | ❌ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
| Account Type | Standard Fixed | Standard floating | Muslim Floating |
| Minimum deposit | $100 | $100 | $100 |
| Spread Type | Ffixed | Float | Float |
| Typical Spread (EURUSD) | 1.6 | 1.6 | 1.6 |
| Swap Charges | Yes | Yes | No |
| Commission Fees | No | No | No |
| Maximum leverage | 1:500 | 1:500 | 1:500 |
| Account Type | Premium | Platinum | Muslim Platinum | VIP |
| Minimum deposit | $500 | $200 | $2000 | $5000 |
| Spread Type | Float | Float | Float | Float |
| Typical Spread (EURUSD) | 0.6 | 0.6 | 0.6 | 0.5 |
| Swap Charges | Yes | Yes | No | Yes |
| Commission Fees | $6 | $3 | No | No |
| Maximum leverage | 1:500 | 1:500 | 1:500 | 1:500 |
TriumphFX Fees
The spread of the VIP account is as low as 0.5 pips. Different accounts have varying commissions, ranging from $0 to $6.
Leverage
The maximum leverage is 1:500,meaning that profits and losses are magnified 500 times.
Trading Platform
TriumphFX supports trading via a mobile app, but does not provide third-party platforms such as MT4 and MT5.
| Trading Platform | Supported | Available Devices | Suitable for |
| TriumphFX Mobile App | ✔ | iOS, Android | / |
Deposit and Withdrawal
Deposit
Deposits are supported via online bank transfers, Visa/MasterCard, Alipay, cryptocurrencies, or other methods. Deposits will be processed within 2-3 working days from the date the funds are sent from the bank account. For any deposit equal to or exceeding $500, TriumphFX will reimburse a maximum of $70 for intermediary bank fees.
Withdrawal
Withdrawal processing takes 2-5 working days, and all withdrawals are subject to intermediary bank fees ranging from $25 to $75 per transaction.
Do trade245 and triumphfx have lower transaction costs?
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive trade245 and triumphfx are, we first considered common fees for standard accounts. On trade245, the average spread for the EUR/USD currency pair is From 2 pips, while on triumphfx the spread is From 0.1.
Which broker between trade245, triumphfx is safer?
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
trade245 is regulated by FSCA,FSCA. triumphfx is regulated by CYSEC,VFSC.
Which broker between trade245, triumphfx provides better trading platform?
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
trade245 provides the Micro,Micro bonus 100,Micro bonus 300,VIP,Bonus 100,No Bonus,Bonus 300,Zero Stop-Out platform with products like --; triumphfx offers the Premium Account,Gold Account,Classic Account platform featuring assets including --.
