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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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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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