I’ve been underneath the impression Malaysian authorities had finished nothing about TriumphFX.

Just about since BehindMLM first reviewed TriumphFX in 2017, Malaysia has been a prime supply of recruitment.

Seems whereas the Financial institution of Malaysia hasn’t finished something, the Malaysian SEC issued a TriumphFX securities fraud warning again in 2020.

As per The Malaysian SEC’s warning, TriumphFX is

carrying on capital market actions of dealing in derivatives with out licence.

That is the equal of a securities fraud warning in different jurisdictions.

TriumphFX just isn’t registered to supply securities in any jurisdiction. The corporate operates illegally in each nation it solicits funding in.

At time of publication SimilarWeb ranks prime sources of visitors to TriumphFX’s web site as Malaysia (77%), the UK (7%) and Singapore (5%).

Regardless of nonetheless making up the vast majority of visitors to TriumphFX’s web site, Malaysian authorities haven’t adopted up on their 2020 securities fraud warning.

Related TriumphFX regulatory warnings have been issued in Indonesia (second warning) and Singapore.

TriumphFX is believed to be run by a bunch of Singaporean scammers with ties to Malaysia.