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TEAMTRUSTFX

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Operating status: SCAM

Website: https://teamtrustfx.com/

Broker violations and abnormal records
  • 2023-05-15 The UK regulator FCA issued a warning against TEAMTRUSTFX

    On May 16, 2023, the Financial Conduct Authority (FCA) issued a warning against TEAMTRUSTFX, believing this broker might be providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/teamtrustfx

    On May 16, 2023, the Financial Conduct Authority (FCA) issued a warning against TEAMTRUSTFX, believing this broker might be providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/teamtrustfx
  • 2023-05-16 BrokersView has reviewed that TEAMTRUSTFX is an unregulated broker

    TEAMTRUSTFX lacks information about its regulatory status and licenses, which is a negative sign suggesting that it may be an unlicensed broker. According to its contact information, it is operated by the ICO Crypto Ltd. located in the USA. Therefore, it is required to be authorized and supervised by the National Futures Association (NFA). However, there isn't any record from the NFA supporting its legitimacy. Furthermore, the Financial Conduct Authority (FCA) has issued a warning against TEAMTRUSTFX for operating without proper authorization.

    In essence, TEAMTRUSTFX is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    TEAMTRUSTFX lacks information about its regulatory status and licenses, which is a negative sign suggesting that it may be an unlicensed broker. According to its contact information, it is operated by the ICO Crypto Ltd. located in the USA. Therefore, it is required to be authorized and supervised by the National Futures Association (NFA). However, there isn't any record from the NFA supporting its legitimacy. Furthermore, the Financial Conduct Authority (FCA) has issued a warning against TEAMTRUSTFX for operating without proper authorization.In essence, TEAMTRUSTFX is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Related Complaints

Q&A

In which currencies can I open my account?

charlesvdw
Georgia
2023-05-19
ANSWER TEAMTRUSTFX is a non-regulated broker we advise against trading with, despite the seemingly attractive deals it offers.TEAMTRUSTFX lacks information about its regulatory status and licenses, which is a negative sign suggesting that it may be an unlicensed broker. According to its contact information, it is operated by ICO Crypto Ltd. located in the USA. Therefore, it is required to be authorized and supervised by the National Futures Association (NFA). However, there isn't any record from the NFA supporting its legitimacy. Furthermore, the Financial Conduct Authority (FCA) has issued a warning against TEAMTRUSTFX for operating without proper authorization.Regarding your question, we suggest you avoid dealing with TEAMTRUSTFX since it is not supervised by any regulatory body. Once your money or personal details are on the platform, there are no rules to protect them from fraud or identity theft. As such, we strongly suggest investors stay away from unlicensed brokers like TEAMTRUSTFX and choose fully regulated ones instead.
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