TriumphFX has received two securities fraud warnings from Ontario, Canada.

The Ontario Securities Commission issued separate warnings for
TriumphFX
and
Triumph Int.
on December 14th.

OSC cites TriumphFX and Triumph Int. as shell companies in Cyprus and Seychelles respectively.

OSC warns that neither TriumphFX or Triumph Int. are “registered in Ontario to engage in the business of trading in securities.”

Associated TriumphFX website domains noted by the OSC include:

triumphfx.com

tfxi.com and

tfxi2.com

TriumphFX is a long-running Ponzi scheme that primarily targets Malaysia.

BehindMLM 
first came across TriumphFX
 back in 2017. Since then we’ve reported on TriumphFX

getting 
banned in Indonesia
 in 2021 for investment fraud

receiving a 
securities fraud warning from Singapore
 in 2021

receiving 
two securities fraud warnings from Indonesia
 despite being banned there

receiving a 
securities fraud warning from Malaysia
 in 2022

receiving a
securities fraud warning from Australia
in November 2023

The current status of TriumphFX is a bit murky.

In 2018 Singapore-based scammer Hermes Leong (right) was 
arrested on charges
 related to Triumph Global, an earlier iteration of TriumphFX.

Then in October 2022, TriumphFX 
collapsed
 following non-payment of withdrawals for weeks.

Despite these two significant events, TriumphFX persists. SimilarWeb tracked ~202,000 visits to TriumphFX’s primary “tfxi.com” domain in October 2023.

71% of that traffic originated from Malaysia, 13% from Taiwan, 6% from China and 4% from Australia.

🤖 Quick Answer

What securities fraud warnings did TriumphFX receive from Ontario, Canada?
The Ontario Securities Commission issued separate fraud warnings for TriumphFX and Triumph Int. on December 14th, citing them as unregistered shell companies operating from Cyprus and Seychelles respectively, prohibiting them from trading securities in Ontario.

Which websites are associated with TriumphFX according to the OSC?
The Ontario Securities Commission identified three associated TriumphFX domains: triumphfx.com, tfxi.com, and tfxi2.com, all operating without proper registration to conduct securities trading activities in Ontario.

What regulatory actions has TriumphFX faced internationally?
TriumphFX received a ban from Indonesian authorities in 2021 for investment fraud and subsequently received a securities fraud warning from Singapore's regulatory body, following its initial identification in 2017.

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