TriumphFX securities fraud warnings from ON, Canada

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:

  • and

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

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 “” domain in October 2023.

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

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