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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