TriumphFX and TFXI

Fisherman007

Has anyone dealt with this company and invested in their managed funds

Notepad_Phil

From what I've found from Google I wouldn't be tempted to 'invest' any money with them.

How did you hear about them? If you found them from an advert on Facebook or similar then I'd be doubly uninterested.

jimjames

Fisherman007 said:

Has anyone dealt with this company and invested in their managed funds

Can you provide details of their website?

Fisherman007

www.triumphfx.com this is the Cyprus Registered company which l think is actually a legitimate trading platform and perhaps a legitimate front to market to Europe.
www.tfxi.com is the same company by name and group but registered in the Seychelles. This is the company the UK investors are usually actually invested through not the Cyprus registered company they have probably been told they are. It looks like the start of a pyramid scheme moving from Asia to Europe. Investors invest in their managed funds and earn a consistent 3-10% (depending on their risk profile) every cycle (5 weeks). This is the net return as 40% of the so called profits goes to TriumphFX mainly to pay the introducers incentives and I think 10% of this to the so called fund manager. So far UK investors have been able to make withdrawals but that is how these schemes start as they the initial investor tells all their friends and family to invest and hey presto in a couple of years more and more people buy into the scheme until new investors can't fund the scheme pay-outs or it gets closed down or the company literally disappears with the money. The scheme attracts investors who have little investment experience and will buy in to the high returns with out understanding how unrealistic these returns are. The investment amount is also initially pretty small but will continue to grow as the investor becomes more convinced that they will make money. I'd love to hear from a genuine investor that is also financially astute to prove me wrong. So far there are a lot of fake reviews on this company and some very mixed genuine ones mostly from Asia. The FCA can't do anything as it is unregulated. So basically these type of  scheme are free to attract innocent investors until a crime is committed that can actually be prosecuted. Bernie Madoff managed to keep his Ponzi scheme going for I think 18 years. I really hope that I'm wrong but the warnings signs are all there. And if I am right I'd like people to find out before more investors are sucked in especially those that can't afford it.