The formation is FIFA 23 Coins comprised of three CAMS, however the LAM/RAM play as LM/RMs. This makes it play very similar to a 4-1-4-1, allowing you to choose to play either wide or narrow.
For defense, the 4-2-3-1 can be extremely compact. You have two holding CDMs, which provide security and stability. The formation is easily adapted by using the 'balanced', or 'get forward' instructions on a CDM you can either make the player more aggressive or more cautious.
The formation lets a team defend in a 4-5-1 in which the CAM is slightly higher in comparison to other formations like the 4-4-2. This is why it is the favorite choice of many players when trying for closing out games and still maintain an attacking threat.
The 4-4-2 may be the most balanced formation FIFA 23. This tactic employs two strikers. It is slightly more aggressive than the 4-2-3-1, at the cost of the absence of an camera.
For players who are just beginning to learn about FIFA tend to struggle with the 4-4-2 because of the absence of a CAM. However, you can still trigger the CM to provide extra support to the attacking.
Perhaps the only downside to this particular formation is that the two strikers typically remain forward, despite the directive to "come back to defend' which basically forces you to FUT 23 buy Coins defend with four midfielders or until you bring the striker back manually.