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Tesler Review: Uncovering the Truth About the Tesler Broker

Overview of scam broker Tesler

Tesler Review, We’ve come across ads for this broker that claims to have 90% market prediction accuracy, which seems too good to be true. Why would the creators share such a profitable system with the public? Upon investigating, we discovered that Tesler is a big scam. 

We strongly advise against investing in it, as it’s a scheme that won’t make you rich but rather leave you poor. Don’t be fooled by their flashy promises; they’re not real. Check out our honest Tesler review for the full story.

Company Tesler Investments Ltd
Headquarters Australia (allegedly)
Website teslerapp.software, tesler.today, teslerapp.org
Warning CNMV, FCA
Platforms The Tesler app
Minimum Deposit $250
Leverage 1:5000
Spread N/A
Review Rating 1/5

Regulation and Security of Tesler

Broker Trading is a fraudulent trading app that you should avoid using at all costs. It’s essential to be extra careful if you’re considering Forex or CFD trading. This is because scammers promote the app in several countries, including the UK, where it’s unlicensed and runs against FCA rules. Don’t let these dishonest individuals deceive you, and stay alert.

The Tesler app is not only unregulated but the business behind it isn’t even registered. The app is designed to scam clients and vanish. Namely, there are indications that this software is similar to past fraudulent ads such as Bitcoin Revolution and Bitcoin Cycle, created to lure inexperienced clients.

Financial watchdogs have issued warnings about Tesler’s scam. The UK’s FCA has warned that individuals claiming to be from Fortrade are asking clients to invest their funds. Similarly, the Spanish regulator CNMV has warned against the Tesler investment scam. It says it’s just an affiliate ad used to redirect clients to fraudulent trading firms.

It’s crucial to do your research and check the company’s credentials before doing business with them. Protect yourself from scams and fraud by not giving away your personal information or credit card details without verifying the company’s legitimacy. Also, please note that it’s crucial to exercise caution when dealing with dubious entities like Tesler, Coin2FX, and other similar companies.

Trading Platform Overview

The broker raises many red flags that should give potential traders pause. The scam broker lures customers in with the promise of making $5,000 in one day in exchange for a $250 deposit. However, this claim is highly questionable, and there are serious doubts about the platform’s legitimacy.

Unlike other trading platforms, broker operates through an automated trading system run entirely by robots. What’s more, they have a history of constantly changing their URL. Starting with teslersoftwareapp.com, then appteslerapp.com, The-Tesler.com, and now teslersx.info as of November 2022. This is highly suspicious and makes it difficult for users to locate the actual software or log in.

Given all these red flags, it’s highly unlikely that Tesler Trading will make you rich. Please don’t be taken by their false promises. Avoid their website and don’t trust fake positive reviews. Don’t let them take advantage of you.

Account Types Offered

Tesler’s platform is fee-free, which means they don’t charge account, trading, or commission fees, and there are no deposit or withdrawal fees either. Yet, before new traders can begin trading, they must deposit $250 using one of the various payment methods available.

To ‘help’ users assess the platform’s performance, Tesler provides a demo trading account. This can be accessed once you’ve created an account with them. However, we were unable to find more detailed information about their account types.

Deposit and Withdrawal Procedure

To fund your trading account, you have several options, including wire transfers, bank cards, and e-wallets. These methods are all accepted by the firm, so you can choose the one that’s most convenient for you. However, please remember that this broker is suspicious. 

If you’re wondering about the minimum deposit amount, it’s set at $250. So, you may think you don’t have to break the bank to get started with this brokerage. Yet, keep in mind that many regulated brokers let you start with even just $10. 

How Do Offshore Brokers Use Fraudulent Practices?

Offshore brokers commit fraud by operating outside legitimate regulatory frameworks. These brokers often entice investors with promises of crazy returns, low fees, and access to international markets. Yet, once investors deposit their funds, brokers engage in unethical practices. They engage in price manipulation, unauthorized trading, and withholding withdrawals. Offshore brokers may also employ high-pressure sales tactics. 

They can also use false advertising to lure investors. Besides, some fake brokers, such as Cambrill, may use fake addresses or companies to hide their true identities. You should exercise extreme caution when dealing with dangerous offshore brokers. Before investing your money, research any broker. 

Always make sure you understand the risks associated with investing before committing your money. Seek independent financial advice if you are unsure. Be aware of red flags, such as unrealistic return terms or high-pressure sales tactics.

Tesler Summary

The broker is an app that operates outside the law and is considered fraudulent. Financial regulators in several countries, including the UK, have issued warnings against this unregulated trading venue, which closely resembles other scams from the past.

Despite offering a platform with no fees, broker Trading requires a deposit of $250 to start trading. They do provide a demo account for users to test the performance of their platform. You can make deposits using many methods, including wire transfers, debit/credit cards, and e-wallets.

However, several users have reported that their deposits were lost after attempting to withdraw their funds. Additionally, they received calls from Tesler’s customer service, who pressured them into investing more money in the platform. If you have had any negative experiences with Tesler Trading or any other fake broker, we would appreciate it if you could share your experience with us.

FAQs

Is Tesler regulated?

No, they are not subject to regulation. The company owner, Tesler Investments Limited, is also not regulated.

Does Tesler offer demo accounts?

Yes, they do. They offer demo trading accounts. Yet, a Tesler account is necessary to access the demo account.

What is the minimum deposit for Tesler?

The smallest amount they require is $250. This amount is too high.

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