TFX – How does TFX affect me?

Before you proceed with this article, kindly make sure you have read our vision story here.

First of all, let’s get familiar with some terms below.

Traders Room (TR): Refer to the back office of www.tfxi.com, where clients perform all actions related to their accounts.

TriumphFX Coin (TFX): Refer to TriumphFX’s newly developed cryptocurrency coin.

Triumph Exchange (TEX): Refer to the newly developed cryptocurrency exchange, where clients perform buying/selling/trading of TFX.

Okay, what is happening?

On 5 December 2022, your Account Balance in USD has been transformed into TriumphFX Coin (TFX). TFX is our very own cryptocurrency coin. Moving forward, TFX will be the only currency accepted for all Fund Management related operations.

What? How about my existing attachments?

As with your TR Account Balance, existing attachments have been converted into TFX automatically. Evolution to TFX DOES NOT AFFECT all your current fund attachment, closing cycle or any operation related to Fund Management. This means that apart from the difference that you will now attach/detach using TFX (instead of USD), nothing else has changed!

Then what do I need to do?

You will only need to activate your TEX account in the Traders Room. Read more on how to activate your TEX (Phase 2) account here.

Okay done, what else I need to know?

There are some NEW updates you should know. Ready? Take a deep breath, let’s go!

As you may have noticed, the Account Balance page in your Traders Room now contains your TR Wallet. TR Wallet now reflects the amount of TFX and USDT that you are currently holding. You will now be able to operate TR Wallet as well as TEX Wallet separately.

To Buy TFX:

1. Login to your TEX (Phase 2) account
2. Transfer USDT to your USDT Wallet
3. Buy TFX using USDT
4. Receive TFX in your TFX Wallet

For step-by-step buying instructions, click here.

To Sell TFX:

1. Login to your TEX (Phase 2) account
2. Sell TFX for USDT
3. Receive USDT in your USDT Wallet

For step-by-step selling instructions, click here.

With that said, there will also be some changes to the list of actions you can carry out in your Traders Room. Some key changes to the actions are shown as below:

• “Pull” action means to transfer from your TEX Wallet or Trading Account to your TR Wallet
• “Push” action means to transfer from your TR Wallet to your TEX Wallet or Trading Account
• “Internal Transfer” means to transfer funds from Traders Room Account to another Traders Room Account

It is worth noting that as MT4 can only accept USD, the system will automatically convert between USDT and USD for the Pull and Push operations. So good news for clients who self trade, you are not affected! Simply perform Push to the MT4 Trading Account as usual and you can start trading right away.

On top of that, if you have multi currencies (AUD, EUR, IDR, MYR, SGD etc), they remain as the local currencies safely with us. To convert them into TFX, you will first need to convert them into USD. Then, submit us a support ticket so that we can convert your USD into TFX.

Lastly, both buy and sell transactions on TEX incur a 0.1% processing fee. Internal transfer on the other hand is free of charge! If you transfer USDT out of TEX to any 3rd party exchanges/platforms, a fee of 1 USDT will be charged for TRC-20 network and 3.8 USDT will be charged for ERC-20 network. Please be noted that fees may fluctuate based on the blockchain network condition.

Pheww..that’s all for now.

So, now I am part of the future?

YES. We hope you enjoy better security, higher growth potential and a swift trading process, made possible by the evolution to TriumphFX Coin (TFX). Say hi to the future of currency.