
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
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.
BrokersView found that the domain "https://teamtrustfx.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
BrokersView found that the domain "https://teamtrustfx.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.