Reason to avoid: No License
Listed Date: October 31, 2018
Top 3 Regulated Forex Brokers
Beware TeamFX is an Offshore Licensed Broker. It is NOT SAFE to trade.
- Company name:
- Registration Address/ License:
- No License, No Regulation.
TeamFX is an online trading provider with access to various assets including Forex and CFD trading. The firm offers easy trading experience with the support of educational materials, courses, daily insights, analysis groups and other additional services that are designed for the trader to succeed, as claimed by the broker.
However, the broker reliability should be confirmed by the legal sources and other data that secure traders from the investment with the fraud company, which gives many promises. While it seems that TeamFX is a new player among vast of trading offering since simply there is a lack of information about the company, nor reviews from the traders or even clear info about the company location. The domain address of the website is located in the UK, while the firm misleads about the real fact of their registration. After the research, we found that the broker is nor registered in the UK or regulated by the mandatory licensor and regulator of the financial investment firms in the UK, FCA (Financial Conduct Authority).
Obviously, that means that the broker most probably located in some offshore zone and presenting themselves as a legal financial service entity. This is, of course, puts a red flag on the TeamFX company, as most probably it is just another scam or fraud firm that targets worldwide traders with its aggressive marketing tactics.
Actually, this is the reason we always advise trading with the regulated brokers only, as the legal status of the company, service it offers and further reliable trading environment should stay at the paramount priority of any trader.