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Tesler Review – The Scam Behind This Broker
Table of Content
Tesler program exists since 2016 when it was first created by the company from Australia. The official owner of the Tesler app is Tesler Investments Ltd. It presents an automated system for trading. For investors that means that profits are big as $5.000 daily without any effort. Anyone with common sense wouldn’t trust it at first. That’s why they lure you to test it out.
To check if should you even try the Tesler app and what other traders think about it, read carefully this detailed Tesler review.
|Review Rating||1.5 on Trustpilot|
How Are You Protected at Tesler?
The Tesler app is software created by a group of people that doesn’t have any authorization to work in financial markets. Starting from ASIC to FCA and BaFin. None of these ever had a Tesler broker in their register. Therefore, all funds deposited through the Tesler app are exposed to risk. Primarily, because regulated brokers can’t promise you any profits. Like the Tesler advert clearly states.
Not only that this broker doesn’t have any regulations, but there are multiple warnings against them. That’s why we recommend Tier 1 regulators like FCA. They were the first ones to investigate this in detail. Check it out.
This app is similar to some already known like Bitcoin Revolution. This software is only designed to falsely present information to traders. Which will lead them into depositing more money.
Available Trading Software Overview
Tesler app is nothing but misleading software for trading. It allegedly provides traders with advanced algorithmic options for trading. It is supposed to track, analyze and predict crypto market movements. The huge disadvantage is that traders don’t have options for any other assets but crypto.
For many, cryptocurrency markets are still a mystery. Therefore, traders might believe whatever they see on their screens. Especially non-experienced traders. Of course, the end goal is to deposit more money. But if the system makes $5.000 we can agree that doesn’t make much sense.
Although the software is available for any Android or iOS device, it’s not trusted. For instance like cTrader o Meta Trader. After all, anyone promising high returns without any effort is not up to good.
Account Types Offered by Tesler
Tesler app is designed for ordinary people to change their lives completely. Yet, once people realize it’s all an investment scam that’s when things change. If you take any Tesler reviews you will understand that no matter what money you deposit, you can’t get it back.
Simply, everyone starts with $250 and that’s the only option that you have at the beginning. Traders can’t choose trading conditions like leverage or spreads. That remains mysterious and you have to trust the system. Once you do so, you can easily deposit more money. Only the sky is the limit.
Tesler scam broker is there to extort as much as possible from you. Be aware of cheap tricks like bonuses, fast withdrawals, and false promises. They won’t happen because this broker is not regulated.
Market Instruments Traded at Tesler
In general, cryptocurrencies are a great choice for many day traders. They are volatile but risky. However, some traders prefer stocks or commodities over cryptos. Yet, the Tesler app doesn’t match all traders’ needs. The only available instruments are cryptocurrencies. They are one of the most dangerous assets for trading and very tricky for beginners.
But even if that is not the case, traders should trust the software. Which is created by the non-regulated entity. Moreover, the software doesn’t reveal any trading conditions. Whatever happens to your account balance remains unsolved. Thus, you can’t reach out to any regulator for a solution.
That’s why we always recommend our traders use trusted platforms. More importantly, look for licensed brokers. However, if you had trouble getting your money back there is a solution.
Deposit and Withdrawal Procedures
All deposits and withdrawals depend on the brokerage you are assigned to. No worries, you won’t get in touch with a trusted broker. They make traders deposit money with the story of how you can’t use Tesler without a trading account. Afterward, they will offer you different depositing options.
- Bank Cards
- Bank/Wire transfers
We always suggest going with bank cards because you are protected from a chargeback. Once you make the initial deposit expect more pressure for more money. Lastly, once traders start requesting withdrawals they face issues. From lack of verification documents, non-existent withdrawal fees and many more dirty tricks.
Have in mind that none of this is possible with a Tier 1 regulated broker. They offer you fund protection, compensation fund, transparency, and many more safety measures.
How Do I Recover My Money If Tesler Scams Me?
Our specialized fund recovery team is there to guide you in the first steps. Let us know first what is your story with the Tesler app. Many Tesler reviews are getting to the same point. It’s all scam. Don’t lose all hope because we can start your chargeback process today!
There are multiple options depending on the funding method. The fastest is the option where clients have used their cards. But even with crypto transfers, our team has a unique tool. Cipher Trace can find money in a crypto wallet in a blink of an eye.
Our team is going to advise you on how to trace your funds and file a chargeback. Don’t let them get away with your money. Book your first consultation now!
- Warnings from financial regulators about the malicious software.
- Non-regulated entity.
- Non-transparent trading conditions.
- Many negative reviews on the software.
FAQs About Tesler Broker
Is My Money Safe with Tesler?
No. The software and company are not regulated. They don’t provide any fund security measures.
Does Tesler offer Demo Account?
No. They advertise free options, but you can’t use the software unless you deposit money.
What Are The Funding Methods For Tesler?
Funding methods depend on the brokerage partner. Starts from cards and wire transfers to e-payment options.