  Thin highly textured Fe$_{\mathrm{1+x}}$Co$_{\mathrm{2-x}}$Si ($0 \leq$ x
$\leq 1$) films were prepared on MgO (001) substrates by magnetron
co-sputtering. The magneto-optic Kerr effect (MOKE) and ferromagnetic resonance
(FMR) measurements were used to investigate the composition dependence of the
magnetization, the magnetic anisotropy, the gyromagnetic ratio and the
relaxation of the films. The effective magnetization for the thin
Fe$_{\mathrm{1+x}}$Co$_{\mathrm{2-x}}$Si films, determined by FMR measurements,
are consistent with the Slater Pauling prediction. Both MOKE and FMR
measurements reveal a pronounced fourfold anisotropy distribution for all
films. In addition we found a strong influence of the stoichiometry on the
anisotropy as the cubic anisotropy strongly increases with increasing Fe
concentration. The gyromagnetic ratio is only weakly dependent on the
composition. We find low Gilbert damping parameters for all films with values
down to $0.0012\pm0.00012$ for Fe$_{1.75}$Co$_{1.25}$Si. The effective damping
parameter for Co$_2$FeSi is found to be $0.0018\pm 0.0004$. We also find a
pronounced anisotropic relaxation, which indicates significant contributions of
two-magnon scattering processes that is strongest along the easy axes of the
films. This makes thin Fe$_{\mathrm{1+x}}$Co$_{\mathrm{2-x}}$Si films ideal
materials for the application in STT-MRAM devices.
