TriumphFX Community Trading is a simple and easy-to-use platform that can be a valuable tool for expert traders, investors, and even referrals.
TriumphFX is a forex broker that offers a variety of features to its traders, including Community Trading. This feature allows traders to connect with each other and share trading strategies.
TriumphFX Community Trading is designed to foster a collaborative environment where traders can share knowledge, insights, and trading strategies with each other. The community brings together a diverse community of traders, ranging from beginners to seasoned professionals, allowing them to learn from each other and improve their trading skills.
Basically, TriumphFX Community Trading is the same concept as social trading or copy trading. However, TriumphFX offers a simpler trading platform that can only be accessed from the website.
In terms of features and tools provided, TriumphFX Community Trading focuses more on functionality and ease of use. Despite its simple appearance, the TriumphFX Community Trading platform is able to facilitate the needs of both providers and investors.
In this article, we will discuss more about TriumphFX Community Trading, from features, and tools, to guidelines for becoming a provider and investor.
Main Roles in TriumphFX Community Trading
In TriumphFX Community Trading, there are three main roles: the provider, the investor, and the referral investor (IB). Here's the explanation:
Provider
A provider, also known as a signal provider or leader, is an experienced and successful trader who shares their trading strategies and allows other users to copy their trades. Providers in TriumphFX are typically traders who have demonstrated consistent profitability and have a track record of successful trades.
As a provider, they are responsible for executing trades based on their trading strategies and preferences. Their trades are then made available for investors to replicate. Providers often have their performance metrics and trading history displayed on the platform, allowing investors to assess their performance before deciding to follow them.
Providers may earn income through various means, such as fees or commissions charged to investors for accessing their signals or through profit-sharing arrangements with the platform.
TriumphFX offers a straightforward commission structure to the strategy provider. They receive a flat 10% commission from the trading profit earned by the investor who copies their strategy. For instance, if the provider generates $100 in profit for the investor, they will receive 10% of that amount, which is $10.
Investor
An investor is an individual trader who chooses to replicate the trades of a specific provider. By following a provider, they automatically copy the provider's trades into their own trading accounts. This means that whenever the provider opens or closes a trade, it will be replicated in their account with the same entry and exit points, position size, and other relevant parameters.
Investors can select one or multiple providers to follow, depending on their preferences and risk tolerance. They also have the ability to review and analyze the performance of different providers on the TriumphFX Community Trading platform. They can examine various metrics, such as historical performance, risk levels, and trading strategies, to help them make an informed decision about which providers to follow.
It's important for investors to understand that while copying trades can be convenient, it does not guarantee profits. Trading involves risks, and investors should carefully manage their risk exposure, set appropriate stop-loss levels, and consider diversification when selecting providers to follow.
Referral Investor (IB)
Referral Investor (IB) is a third party who recommends trading strategies to investors on the TriumphFX platform. If an investor accepts the recommendation and makes a profit, the IB will receive a commission.
To become a qualified IB, they must:
- Have at least $1,000 invested in any provider on the TriumphFX platform.
- Refer 5 direct clients, each of whom must also have at least $1,000 invested in any provider on the platform.
- Note that you can refer clients to different providers, as long as the total value of your referrals is at least $1,000.
The commission rate that you receive as an IB will vary depending on the provider and the type of strategy you are recommending. However, the general rule is that IB will receive a commission of a minimum of 10% of the profits made by your referred clients.
Tools and Features
Similar to other copy trading platforms, TriumphFX Community Trading provides users with a range of tools and features designed to facilitate the selection of profitable trading strategies. The platform boasts a user-friendly design, making it straightforward and intuitive to navigate.
If you're interested in exploring the available tools and features, the following explanation will provide further insights.
1. Search Function
The search function allows investors to search for providers based on a variety of criteria, including trading style, experience level, risk appetite, profitability, and total balance of their handling. This makes it easy to find providers who offer strategies that are a good fit for investors' needs.
To further enhance the search experience, the platform offers additional filters that allow potential investors to refine their search. These filters include gain, balance, and name. By utilizing the gain filter, investors can identify providers with the highest levels of profitability, enabling them to focus on those who have demonstrated exceptional performance.
Moreover, the balance filter enables users to sort providers based on the magnitude of their investor balances, with larger balances generally indicating a higher level of trust among investors.
Lastly, the name filter empowers investors to conduct targeted searches by entering specific provider names, facilitating an efficient exploration of desired options.
The search function in TriumphFX Community Trading is one of the most comprehensive on the market. However, the visual interface is not as interactive as some other platforms, as it uses the classic WordPress interface.
2. Performance Page
On this page, investors can find details of the provider's performance. There are 3 panels that will be displayed in TriumphFX Community Trading:
- Profitability Percentage: Displays a graph of the provider's profits over a period of time. Investors can customize it to get historical data according to their preferences.
- Provider Portfolio: Displays information about the provider's balance, profit percentage, and recent trading activity.
- Performance Summary: Presents the provider's overall trading statistics, where investors can see the total number of trades made, their profit, highest profit, biggest loss, etc.
TriumphFX's performance page provides complete data and is more accessible to users. When compared to other copy trading platforms, the data displayed is relatively more complete. Unfortunately, the data presentation does not use an interactive and modern interface.
3. Trading History
Trading data history is essential for investors to assess the provider's professionalism in conducting their trading activities. TriumphFX Community Trading provides investors with access to this data through the trading history panel.
The trading history panel displays the following information for each transaction made by the provider:
- Trading volume: The number of units traded.
- Open time: The time at which the trade was opened.
- Close time: The time at which the trade was closed.
- Currency pair: The currency pair that was traded.
- Position: The type of position (long or short).
- Profit: The profit or loss made on the trade.
Investors can track this data from the first time the provider traded in TriumphFX Community Trading. This information can be used to assess the provider's trading performance, risk appetite, and trading style.
The trading history panel contains more information than most social trading platforms. The information displayed is very detailed down to the ticket ID of each transaction that has been made by the provider.
4. Risk Control
TriumphFX Community Trading offers a robust platform that empowers both traders and investors to exercise control over their desired risk levels while maximizing the efficiency of their investments. By specifying their acceptable level of losses, users can have confidence that their invested funds are under complete control and poised to capitalize on market opportunities.
Within the Community Trading platform, individuals can set personalized risk parameters that align with their investment strategies and comfort levels. This allows traders and investors to define their tolerance for potential losses, thereby ensuring a tailored approach to risk management.
This feature provides a sense of security, as individuals can operate within predefined boundaries while actively seeking out profitable opportunities.
Commissions and Profit Sharing
TriumphFX provides its clients with the freedom to choose their preferred commission structure when engaging in a community trading platform.
In the Community Trading platform, the distribution of profits from an Investor's trade is as follows:
70% of the trade's profit is retained by the Investor, 10% is allocated to the Trader as a reward, and the remaining 20% is distributed among the Investor's referral or IB.
This commission structure ensures that the majority of the trade's profit stays with the Investor, allowing them to benefit directly from their successful trades. Additionally, the Trader is rewarded for their expertise and contribution to the Investor's trading success. The Investor's referral (IB) also receives a portion of the profit, serving as an incentive for them to introduce new clients to the platform.
For example, if an investor earns a profit of $100 in one trading period, then he is obliged to pay a commission of $10 to the provider and $20 to the IB. After paying the commission, the investor is entitled to a profit of $70 in his account.
How to Join TriumphFX Community Trading
TriumphFX opens up opportunities for traders to become investors and providers on its platform. For those of you who are interested in joining TriumphFX Community Trading, you can follow the steps below.
Join as Investor
- Click on login at Community Trading and log in using your existing TriumphFX account credentials.
- On the left sidebar of your "Community Trading Dashboard", click on Become a follower.
- Browse and look for the providers that suit your investment styles.
- Make sure that your MT4 account has sufficient funds to subscribe to a provider or else your subscription will not be allowed.
- Click on View Details and study the performance of the provider carefully, then click on Subscribe Now button.
- After the subscription, the trade decisions by the provider will be copied and your account will be set to read-only. You will not be able to trade on your own.
Join as Provider
- Click log in at Community Trading and log in using your existing TriumphFX account credentials.
- On the left sidebar of your "Community Trading Dashboard" click on Become a Provider.
- Click on Apply as the provider.
- You can choose your own name which will appear on your profile.
- In the Key column, you need to set a minimum allocation amount for the community to subscribe, as well as a description of your trading styles, experiences, etc.
- Please note that the minimum allocation amount set by you must be no less than your MT4 account margin.
- Click on Apply button and wait for our support team to review and approve your application.
Summary
TriumphFX Community Trading is a simple and easy-to-use platform that can be a valuable tool for both expert traders and investors.
In this community trading platform, there are three primary roles with different benefits:
- Provider: The provider offers strategies for investors to follow. They receive a 10% commission on the profits generated by investors who copy their strategies.
- Investor: Investors provide capital to execute the strategies. They are entitled to 70% of the profits earned from the provider's trading activities using their invested capital.
- IB (Referral Investor): The IB acts as a referral for investors, recommending them to invest in a specific provider. Qualified IBs can receive up to 20% of the total profits earned by the investors they refer.
Additionally, TriumphFX offers a variety of tools and features designed to facilitate the selection of profitable trading strategies, including a search function, performance page, trading history, and risk control.
As TriumphFX is regulated by CySEC and Vanuatu's regulatory agency, it can be said that this broker is a multi-licensed broker. What does it mean? Find out everything about it in Guide to Forex Brokers with Multiple License.
10 Comments
Jul 19 2023
Based on what I've discovered in the article, I came across an interesting term called "investor" on the TriumphFX Community Trading platform. It caught my attention because, from what I understand, traders and investors are not the same. So, I'm really curious to find out what being an investor means in this context. Can you explain the distinction between a trader and an investor on the platform? How does being an investor differ from traditional trading? I'm also wondering how the process of replicating trades from specific providers works. Will the trades be copied exactly into my own account? And how do I choose the right providers to follow? Are there any metrics or indicators available to assess their performance? Ultimately, what advantages or benefits does being an investor offer compared to being a regular trader? I'm eager to explore this concept further and understand the unique opportunities it may provide.
Jul 20 2023
If you read the article carefully, you'll find that being an investor on the TriumphFX Community Trading platform means you can copy the trades of specific providers. It's like having your own personal trading guru to follow. Whenever these providers make a trade, it gets automatically copied into your own account, with the same entry and exit points, position size, and all the important details.
Now, here's the exciting part: you have the freedom to choose one or multiple providers to follow. The platform even provides performance metrics like historical performance, risk levels, and trading strategies to help you make informed decisions. It's like having insider information to pick the best providers out there.
Being an investor comes with some cool advantages. You get to learn from experienced providers, pick up their strategies, and potentially reduce risks that come with trading on your own. It's like having a secret weapon in your trading toolbox!
Jul 21 2023
Hey, how's it going? So, in TriumphFX terms, being an investor means you're the trader who gets to use the copy trade feature. And let me tell you, it comes with some awesome perks! As an investor, you have the opportunity to learn from experienced providers, grasp their strategies, and potentially minimize the risks of trading on your own. It's like having a supercharged tool in your trading arsenal!
If you're seeking a trading experience like no other, where you can effortlessly follow the pros, becoming an investor on TriumphFX Community Trading might just be your ticket to trading success. So, why wait? Take the plunge, dive right in, and let those providers guide you towards the incredible potential that awaits on your trading journey!
Jul 19 2023
What other awesome perks can an IB (Referral Investor) get within the TriumphFX Community Trading platform, besides the commission? I mean, being an IB sounds intriguing, but what else is in it for them? Can they earn additional profits apart from the commission by referring investors? And how does being an IB help them establish themselves as a trusted source and expert in the trading community? Are there networking opportunities, partnerships, and career growth prospects that come with the role of an IB? Lastly, I'm curious about the sense of belonging and learning within the TriumphFX trading community. How does being an IB enhance their knowledge, provide valuable insights, and let them connect with other traders?
Jul 21 2023
Being an IB (Referral Investor) on the TriumphFX Community Trading platform has some cool perks beyond the commission. Let me break it down in simple terms!
As an IB, you can earn extra profits by referring investors to specific providers. It's like getting a bonus on top of your commission.
But here's the kicker: Being an IB also helps you build your reputation as a trusted source and trading expert. You can connect with other traders, make valuable connections, and level up your trading career.
And guess what? You become part of the awesome TriumphFX trading community. It's a place where you can learn from others, share ideas, and stay updated with the latest trends.
So, being an IB means more than just earning a commission. It means extra profits, building your reputation, and being part of a supportive trading community!
Jul 24 2023
Hey there! So, I just read about TriumphFX's community trading platform in this article, and I'm curious to know more about the role of an Investor in this setup. I noticed that the profit percentage for Investors seems to be bigger than for other parties. Could you explain why that's the case and how the profit distribution works? I'm wondering how much of the trade's profit goes to the Investor, the Trader, and the Investor's referral (IB). What benefits do Investors get from this commission structure, and how does it encourage them to participate in the platform? Overall, I'm just interested to understand how this profit sharing model makes the trading experience fair and rewarding for everyone involved.
Jul 26 2023
Okay, let me explain to you! In TriumphFX's community trading platform, an Investor plays a crucial role in the trading ecosystem. As an Investor, you have the freedom to allocate funds to follow the trading signals of experienced Traders. This means that you don't need to be an expert trader yourself to potentially benefit from the financial markets.
Now, what's interesting is that the profit percentage for Investors is notably bigger compared to other parties in the commission structure. The reason behind this is to reward and incentivize Investors for taking on the risk of following the Trader's signals. When an Investor's trade turns out to be successful, they get to retain a significant portion of the trade's profit, specifically 70% of it. This allows them to directly benefit from their trading decisions and potentially achieve substantial returns.
On the other hand, the Trader, who is responsible for providing the trading signals that Investors follow, receives a 10% reward for their expertise and contribution to the Investor's trading success. This way, successful Traders are acknowledged and encouraged to continue providing valuable signals to the community.
Additionally, the remaining 20% of the profit is distributed among the Investor's referral or IB (Introducing Broker). This referral component serves as an incentive for them to introduce new clients to the platform. It's a win-win situation where Investors get to benefit from their trades, Traders are rewarded for their skills, and those who refer new clients are also acknowledged for their efforts in expanding the community.
Jul 24 2023
Hey there! I'm just a beginner, and I found this article super helpful because it led me to discover a forum or community where I can improve my trading skills. But guess what? I stumbled upon something intriguing about becoming a provider with Triumph FX! You see, when applying to be a provider on the Community Trading platform, TriumphFX requires me to set a minimum allocation amount for the community to subscribe. The catch is, this minimum allocation must be no less than my MT4 account margin. I'm a bit unsure about where to find my MT4 account margin and how to set the minimum allocation amount accordingly. Can you guide me on that? Your assistance would mean a lot! Thanks a bunch!
Jul 25 2023
Hey! Let me help you! First of all, I'm glad you found the article helpful and that you're interested in becoming a provider with Triumph FX! To find your MT4 account margin, you can check it within your MT4 trading platform. Look for the account information section, where it should display your account balance, equity, and margin. Once you have this information, you can set the minimum allocation amount accordingly while applying to become a provider on the Community Trading platform. Just ensure that the minimum allocation amount you set is no less than your MT4 account margin as per TriumphFX's requirement.
Jul 26 2023
About the minimum allocation itself, I can give you some example about that :
Let's say you have a trading account on Triumph FX with a total account balance of $10,000. When you decide to become a provider on the Community Trading platform, TriumphFX requires you to set a minimum allocation amount for other users in the community to subscribe to your trading signals.
In this example, let's assume you want to be cautious and set the minimum allocation amount at 10% of your MT4 account margin. To find your MT4 account margin, you check your trading platform and find that it is $5,000.
Now, you can calculate the minimum allocation amount by taking 10% of your MT4 account margin:
Minimum Allocation Amount = 10% of $5,000 = 0.10 * $5,000 = $500
So, you would set the minimum allocation amount at $500, which means other users in the community can subscribe to your signals with a minimum investment of $500. Hope it can help you!