TriumphFX has been banned by Indonesian authorities due to investment fraud.

As reported by
Ekonomi Bisnis
, back in April TriumphFX’s website was blocked nationwide by the Commodity Futures Trading Regulatory Agency.

The stated reason for the ban is TriumphFX does not have a permit from the CoFTRA. CoFTRA equates this to investment fraud.

Investment fraud is illegal in Indonesia as per national Commodity Futures Trading law.

Possibly in anticipation of further regulatory action, TriumphFX set up an alternative domain, “tfxi2.com”, in November 2020.

At the time of publication, Alexa ranks Malaysia as the primary source of traffic to TriumphFX’s alternative domain (88%).

Visitors to TriumphFX’s primary website domain originate from Malaysia (45%), Singapore (22%) and Hong Kong (17%).

BehindMLM
reviewed TriumphFX
in May 2017. We found a pyramid scheme attached to a shady trading opportunity.

TriumphFX is not registered to offer securities in Malaysia. Unfortunately Malaysian authorities have failed to take action against TriumphFX or its anonymous owners.

Update 5th June 2022 – 
Indonesia’s OJK has issued an additional
TriumphFX investment fraud warning
.

🤖 Quick Answer

What is TriumphFX and why was it banned in Indonesia?
TriumphFX is a financial trading platform banned by Indonesian authorities in April for operating without proper licensing from the Commodity Futures Trading Regulatory Agency (CoFTRA). The regulator classified its unlicensed operations as investment fraud, violating Indonesia's national Commodity Futures Trading law.

How did TriumphFX respond to the Indonesian ban?
Following the regulatory action, TriumphFX established an alternative domain, tfxi2.com, in November 2020 to circumvent the nationwide website blockade imposed by Indonesian authorities and continue operations.

Which countries represent the primary traffic sources for TriumphFX?
Malaysia accounts for 88% of traffic to TriumphFX's alternative domain. For the primary website, Malaysia leads with 45%, followed by Singapore at 22

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