Are you thinking to invest with Tesler Trading App broker? Read this Tesler Trading App Review to understand if it is a scam or genuine broker and your money is safe with them or not.
Scam Victims Help has extensively researched the Tesler Trading App Review and found several red flags that every trader should be aware of. Read our Tesler Trading App review today to learn everything you need to know about this broker before signing up.
Broker Website – https://the-tesler.com/
Headquarters or Area of Operation – NA
Warnings – Australian Securities and Investments Commission (Australia)
The Tesler Trading App, which was launched in December 2016 by a fictitious Steven Abrahams of Tesler Investments, is essentially a fraudulent Forex trading robot. In 2022, Instagram is still featuring advertisements for this software (see screenshot).
Here is everything you need to know about trading Forex CFDs so that you don’t end up being the next victim of the Tesler Trading scam. Online con artists have been advertising this trading app in numerous nations, including the UK, without a license and in violation of FCA regulations.
Tesler Trading App Scam
You would see so many warning signs with Tesler Trading if you would just take a moment to reflect.
They guarantee $5700 by tomorrow in exchange for a $250 investment with a phony Forex broker.
However, a quick search on Google Play turns up just the Tesla Motors app, despite Tesler Trading’s recommendation that you utilize their app.
They change their URL every week; initially, it was teslersoftwareapp.com, then it was appteslerapp.com, and now it is The-Tesler.com. The webpage they are promoting is at: teslersx.info for November 2022.
Nobody genuinely knows how to log in or where their actual software is located. In light of all of that, do you still believe that this is a product that will make you wealthy?
Is safe to invest in Tesler Trading App?
When we first visited the Tesler App website, we believed that they had developed a smartphone application for forex trading. On the website, there were links to download the app from Google Play and iTunes. Sadly, after clicking the button, all it asked us to do was type in our name and email address before sending us to an offshore CFD broker. Another time, they sent us to a page that almost appeared to be broken when we signed up; see the image below.
The trading application offered us no controls. We were unable to choose the trade size or the number of trades the software will execute each day. The “Amount of Trade” was the only choice accessible, so we set it. With the few alternatives it presented us, this Tesler app stinks of fraud.
Tesler Trading App Review: Warning from ASIC Australia
For the purposes of this evaluation, we used a trading account at the offshore broker Brighter Trade, which is not authorized or regulated, to test the Tesler Trading App. Since the broker has since vanished and their website is no longer functional, this happened quite a few years ago.
Since 2013, we have reviewed over 800 trading platforms and brokers, and we can confidently state that the only safe place to trade is with a regulated broker. Your money is not protected while utilizing an unlicensed broker, which is an issue. Serious investors will always transact directly with a broker who is duly licensed.
Invest with a regulated broker
As a novice investor, you are unaware that the government must license and regulate all internet brokers. If you’re an Australian, you ought to use a broker who has an ASIC license. Use a local broker who has an IIROC license if you are a Canadian.
Visit the complaints page if you believe that utilizing an offshore broker is equally as effective. You will observe what transpired when individuals hired an offshore broker and lost every penny.
Is Tesler Trading App Legit or a scam? Final Thoughts
Sometimes scammers are increasingly using legitimate firms’ details to add an air of legitimacy to their scams. The fraudsters will ‘borrow’ some information from a legitimate firm for the purpose of fraud. They may quote authorization numbers/company registration numbers and links to seemingly legitimate websites and even provide the real address of an authorized/ legitimate firm.
Consumers are advised to check our scam broker 2023 page to verify company details and to call the firm back directly using its advertised phone number. Always access the register from our website, rather than through links in emails or on a company/ person’s website.
To sum up, all that has been said above in this Tesler Trading App review, we give you the power to decide whether the broker is a scam or not. We request the readers move forward with extreme caution.
Scam Victims Help specialists research the brokers and find if they are involved in scams. We researched a lot about brokers to assist customers in taking the right decision.
We suggest investors stay away from this broker and go for the genuine one. If you have been a victim of Tesler Trading App scam or any other broker, do not feel embarrassed.
Victims of forex scams, cryptocurrency scams, binary scams, pet scams, dating/romance scams, or any number of scams should raise their voices and get their funds recovered. This will not only help them but all the victims who are struggling to get their deposits back. Apart from this, it will also help other people to be alert to such scammers and scams.
File a complaint against Tesler Trading App fraud right now and get instant help from our team in fund recovery!
Get help in forex scam recovery, crypto scam recovery, binary scam recovery, romance scam recovery, and also get a free consultation.
Also, read Aglo Trade review here.
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Also, check which brokers got the warning from the Italian regulator CONSOB.
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