TriumphFX has been banned by Indonesian authorities because of funding fraud.
As reported by Ekonomi Bisnis, again in April TriumphFX’s web site was blocked nationwide by the Commodity Futures Buying and selling Regulatory Company.
The said motive for the ban is TriumphFX doesn’t have a allow from the CoFTRA. CoFTRA equates this to funding fraud.
Funding fraud is against the law in Indonesia as per nationwide Commodity Futures Buying and selling legislation.
Presumably in anticipation of additional regulatory motion, TriumphFX arrange another area, “tfxi2.com”, in November 2020.
On the time of publication, Alexa ranks Malaysia as the first supply of site visitors to TriumphFX’s various area (88%).
Guests to TriumphFX’s major web site area originate from Malaysia (45%), Singapore (22%) and Hong Kong (17%).
BehindMLM reviewed TriumphFX in Might 2017. We discovered a pyramid scheme hooked up to a shady buying and selling alternative.
TriumphFX just isn’t registered to supply securities in Malaysia. Sadly Malaysian authorities have didn’t take motion towards TriumphFX or its nameless house owners.
Replace fifth June 2022 – Indonesia’s OJK has issued an extra TriumphFX funding fraud warning.