Telarax Broker Review – Is telarax.com a Safe or Scam?
Do you want to invest with Telarax? Rethink. At first glance, Telarax may look like a reputable broker, but on close inspection, it is very clear that this broker is filled with investor complaints, regulatory issues, and privacy. This Telarax review will reveal the broker’s undisclosed realities and prove that regulatory authorities were right to raise concerns about it. Before working with Telarax, continue reading to protect your investment.
Is Telarax a Regulated Broker?
Lack of Legal Authorization
Telarax does not have a legitimate regulatory license at present. The Italian financial authority (CONSOB) ordered the Telarax website to be shut down on May 8, 2025, due to unauthorized transactions and unregulated financial services, raising serious questions. This is a serious concern because regulated brokers must be registered with a licensed organization if they are to operate lawfully.
Read full warning here: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-8-may-2025/718268
Recent Domain & Lack of Transparency
- Website: https://telarax.com/en/home
- Address – 125 Old Broad Street, London EC2N 1AR, United Kingdom
- Regulatory Warning – Commissione Nazionale per le Società e la Borsa (Italy) – (CONSOB)
- Domain Blacklisted Status – It seems there is no direct mention of this domain being on a blacklist.
- Domain Registration: February 2025 (less than 4 months old)
- Company Transparency: No verifiable information about ownership or operations
- CONSOB Action: Website blackout order due to unauthorized activities
No government agency holds Telarax responsible because it lacks a verifiable registration. This puts investors at risk because there are no legal protections in place in case something goes wrong.
Telarax Scam: What You Need to Know
Patterns of Fraud
- High returns on cryptocurrency and forex investments are promised.
- Fake testimonials and reviews are used to create fake credibility.
- Putting immediate pressure on investors to make additional deposits.
- Blocking account access when users request withdrawals.
- Ignoring user complaints and closing down communication.
Victim Reports
Numerous users have reported the following:
- Delayed or denied withdrawal requests
- Lack of any real-time customer support
- Sudden account freezes after large deposits
- No official contract or documentation for transactions
Telarax is a scam broker that poses as a trustworthy platform. It’s obvious that investors should stay away from this platform at all costs given the regulatory warning, dubious business practices, and limited information about the site’s team.
Quick Summary: Key Red Flags
- Not licensed or regulated
- Blacklisted by CONSOB
- No company or team transparency
- Fake testimonials and misleading promotions
- A young website with a disproportionate review activity
- Investors report funds being withheld or lost
FAQs
Is Telarax a legitimate trading platform?
No. Telarax is not licensed by any recognized regulatory authority and has been officially blacklisted by CONSOB.
Can investors recover their funds from Telarax?
Many investors have reported being unable to recover their funds, as the broker avoids communication and freezes accounts.
Why was Telarax’s website blacked out?
The CONSOB warning explains that Telarax was providing unauthorized financial services in violation of Italian regulations.
Need Help? Here’s How to Recover Your Funds
It’s not just you who has lost money or was deceived by Telarax. We at Report Scam assist victims of scam brokers in responding. Our team of professionals specializes in identifying fraudulent platforms and helping you get your money back.
We examine your case, provide a thorough recovery plan, and, if necessary, put you in touch with legal resources. In scam cases, time is crucial because delays can make it harder for you to get your money back.
Keep your hard-earned money safe from scammers. Take the first step toward recovery by contacting us right now. We are here to help you.
Your path to justice begins here—our team is committed to supporting individuals affected by financial misconduct. Read about Chargebacks
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