Company origin and regulations
The TeamFX is quite a new broker on the market. They were literally just open. The company incorporation date is March 2019, so they are only 5 months old. Their business activity can be described as information technology consultancy. The country, where their office is located, is Great Britain. As per Global roaster, they have currently only one active director. Their office is now located in Southampton, but its address has been changed twice since they are operating.
As they are performing in GB, they supposed to be regulated by the FCA, but currently, there is no information about it on their website.
Team FX services and website features
As soon as you enter their website, you see their main idea – Team FX is making trading easy for you. And as you move down the home page, you understand why. They do offer a lot of services for “lazy” trading, but none of them is free.
They have an On-line course for beginner traders and it costs around 300 pounds. They help you with signals and alerts and do the mentoring for only 60 pounds per month. And the most needed tool for trader – market daily analysis, they are offering for 80 pounds per month. This seems to be a fair deal if you are an active trader and already know how much you can make from your trading per month. But for a beginner, it looks a bit too expensive.
Platforms and account types
Team FX is offering basic Meta trader 4 to use online and also you can download it to your PC or Android or I-phone.
They suggest you open an account with their selected broker. And it is BDSWISS. You will be redirected to their website to accomplish the registration process. This broker, as you will see from their home page, do have a few regulators and banks as a partner: FCA, Deutsche Bundesbank, De Nederlandsche Bank (DNB), etc. After you register with them, Team FX is suggesting you invest the money – starting from 200 pounds as minimum and ending with 1000 pounds, as recommended as the best return option. This is the only selection of accounts they have for you. And there is no description provided. They do not offer a Demo account.
Feedbacks and conclusion
On the web page of Team FX below, all the sign-up steps and their offering comes one more offer – to sign up for their trading signals. It means that someone will be making an analysis for you and tell you when to place your order. Of course, the company is not offering its services for free.
Under this offer of “lazy” trading, come the feedbacks from their clients, where people from all over the world are sharing their profits. But there are few strange details about those feedbacks. First of all, they are just screenshots of WhatsApp and Telegram chats of some random people, whose faces you don’t see. And second thing – if you are a real trader, you would not just share your profits online for everyone. Experienced traders would know this.
Our conclusion about TeamFX will be not very positive. There are definitely few things to think about and to look at before you decide to sign up for trading with them and invest your money in this company.