TriumphFX Review – Legit Company or Another Scam? Find Out Here…
Welcome to my TriumphFX Review!
Whether someone has already approached you about this company or this is the first time you have heard of it, you are probably here because you want to learn more about it, right?
It’s hard to determine which companies are legit and which ones aren’t, so how can you be sure you are making the right choice?
By reading reviews just like this blog!
My review will go over the company, the products and the compensation plan.
So without further ado, let’s get to it!
TriumphFX Review – The Company
The TriumphFX website does not provide any information about who owns or operates the business.
The TriumphFX website domain was registered as “tfxi.com” on the 12th of January, 2008, and most recently updated on the 24th of April, 2016.
The TriumphFX domain registration is set to private and does not offer any insight as to who owns the domain.
Current online traffic estimates that 76% of traffic to the company website comes out of Malaysia.
TriumphFX Reviews – The Products
TriumphFX does not have any retail products or services for affiliates or retail customers.
Affiliates who join TriumphFX can only market the affiliate membership.
The TriumphFX Compensation Plan
The TriumphFX compensation plan requires affiliates to invest funds and “attach” them to TriumphFX traders.
TriumphFX traders are described as generated profits through the third-party MetaTrader 4 forex trading platform.
When a fund manager is making profit from his trades, so does the investors. Fund managers usually call for profit sharing once per 5 weeks or more.
Clients who have attached fund to the fund managers will be entitled for profit sharing based on the total fund clients have attached.
The company website provides as examples as to how this works: The trader will receive 40% of the generated profit and the remaining 60% will be shared with TriumphFX affiliates.
TriumphFX affiliates earn a 5% referral commission when personally recruited affiliates invest.
Residual Referral Commissions
When an affiliate sponsors 5 affiliates who all invest a minimum of $3000, the affiliate will qualify for residual referral commissions.
Residual referral commissions are earned and tracked through a unilevel compensation structure.
This compensation structure puts an affiliate at the top of a unilevel team that places every personally sponsored affiliate right under them on level 1 of their team.
When a level 1 affiliate sponsors new affiliates, they are put on the second level of the original affiliate’s unilevel team.
When a level 2 affiliate sponsors new affiliates, they are put on the third level, and this continues on down as many levels as are needed.
Payable unilevel levels are capped by TriumphFX at 10, and commissions are paid out as a percentage of automated ROI profits.
- Level 1 (Personally sponsored affiliates) and Level 2 – 20%
- Levels 3 and 4 – 10%
- Levels 5 and 6 – 5%
- Levels 7 and 8 – 3%
- Levels 9 and 10 – 2%
TriumphFX also features a Rebate Pool where 10% of commissions generated within the company are placed.
Affiliates who qualify for residual referral commissions can get shares in the Rebate Pool with the following investments:
- Invest $10,000 and receive one share
- Invest $20,000 and receive two shares
- Invest $30,000 and receive three shares
- Invest $40,000 and receive four shares
- Invest $50,000 and receive five shares
Master IB Commission Pool
There is also a Master IB Commission Pool that is a bonus percentage that is paid on company-wide commission payouts.
There are 3 IB Commission Pools within TriumphFX that affiliates can earn in, which is based on total downline volume:
- Standard Pool (5%) – Generate $50,000 in downline investment volume
- Expert Pool (3%) – Generate $100,000 in downline investment volume
- Professional Pool (2%) – Generate $300,000 in downline investment volume
Cost To Join TriumphFX
The cost to join TriumphFX as an affiliate is $100 for a personal account or $3000 for a company account.
The above are only minimum funding amounts, as affiliates can invest as much as they would like.
Verdict on TriumphFX
The biggest red flag here is the percentages the company throws out there…
They say that 40% of profits are kept by the broker and 60% goes to the affiliates…
But then they start throwing out other numbers…
30% is paid out as unilevel commissions and then there are the percentages paid out in bonuses…
Where is all this money coming from?
It just doesn’t add up….
My advice about this company is take extreme caution…
When things seems to good to be true, they usually are…
I hope you enjoyed my TriumphFX review and if you have any questions, please leave them in the comments below…
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