Overview of TESLER APP Review:
With the internet becoming a catalyst for scammers to prey on their victims with the benefit of anonymity, people have to stay extremely cautious to stay out of the traps of these cybercriminals. Now we know, all of you must be thinking about whether the internet and the online finance market have become a dangerous threat to society. The answer to this is – NO, well there is a threat caused by scammers but these are avoidable with the help of a few tips. There are only two reasons behind you reading this TESLER APP scam review. Either you have been scammed by this company or you are looking forward to investing but you heard about this TESLER APP trading scam. While signing up for an account with a trading platform, the customers invest all of their money and faith in the brokerage firm. Therefore, it is really important for a trader to conduct thorough research before signing up with a brokerage firm.
The Tesler Trading scam is an investment scheme that promises high returns and low risk but actually fails to deliver on either promise. The scam has been heavily marketed through email campaigns, phone calls and social media networks, using attractive offers of fast returns on investments in currencies, stocks, commodities and other assets. However, these offers are false as the Tesler Trading system is a fraudulent operation designed to take advantage of unsuspecting investors.
With the help of our group of experienced traders and research specialists at ReportScam, we have done complete research about TESLER investments. Not only have we helped various victims of the TESLER APP scam by providing them with a viable solution to get their money back, but also have prevented many of our readers from investing in TESLER APP. Read on to know how TESLER APP scam works and how can you avoid it.
Tesler Trading app falsely claims that it is a proven way for the traders to generate thousands of dollars per day without doing anything. Tesler App is promoting itself in a number of different names like Tesler Investments, Tesler 2.0, Tesler Pro etc. These ‘Get Rich Quick’ scams are mostly scams and people should stay away from them.
About TESLER APP Scam:
The Tesler App guarantees the investor that it can generate $237 per hour for the trader. That is undoubtedly not an easy task, and using the Tesler App to make money is not a simple endeavor. While they do disclose the profits, they do not disclose the strategy used to achieve those gains. Now, according to the website, the trader can make a lot of money by only trying the program for five minutes.
The investor needs to watch his step and be careful because things are not as simple as this trading bot would have the investor believe. Tesler App’s website features images of real-time profits. However, there is no evidence to show that the trader made the amount claimed, therefore choosing the Tesler App can be rather dangerous.
Tesler App urges the trader to sign up quickly and input his personal information, but the investor should avoid making this error because doing so will result in a compromise of his privacy. Typically, such scammers are looking for the trader’s email address so they may spam it with promotional emails.
Some of the red flags that TESLER APP can have:
TESLER APP Review: Regulation and Possession of License:
Most countries appoint a regulatory body that looks after the safety of their citizens from broker scams. Such regulatory bodies conduct a series of tests that every brokerage firm operating in their country has to go through. On the basis of these tests, these brokerage firms are then issued a license by the regulators which gives them the legal permission to operate in that country. The reason why we emphasize the brokerage firms having a license is that the license bounds the company with certain rules in the interest of the trader such as a very low or nil minimum initial deposit, low leverage thereby reducing the chance of the trader losing, a compensation scheme in case of a dispute or a huge loss, etc. If your broker does not have a license, it is almost equivalent to you giving your hard-earned money to a robber.
In order to possess a license, these scam brokers go to any heights. The main example of this case is when the scam brokers register for a license in an offshore zone. The places that come under the offshore zone category do not have a regulatory body to supervise the brokerage firms that are registered there. Therefore, it is as easy for a scam broker to register for a license in an offshore zone as easy it is to make an omelet for your breakfast. Therefore, if TESLER trading does not possess a valid license issued by any of the major regulators, it is clear that the company is a scam.
Initial Deposit, Spreads, and Leverages offered by TESLER APP
When it comes to a brokerage firm demanding a Minimum initial Deposit, we can plant one red flag against the scam brokers. The regulators of all the countries do not allow legitimate brokerage firms from asking for a minimum initial deposit. The initial deposit asked by the scam brokers ranges from $100 to $500.
Spreads and Leverages are yet another trick of these scam brokers to get all the money of the innocent traders. Higher leverage and spreads, although are tempting, do more harm than good. When the leverage and spread increase, the risk on the money invested by the trader increases. This in turn increases the risk of the trader winning or losing with the probability of losing is more. To avoid this, various countries put a limit on the leverage that can be offered. The leverage is capped at 1:30 in Europe and Australia whereas it is capped at 1:50 in the USA. In order to check whether the brokerage firm is offering very high leverage and spread, one must compare it with a legitimate brokerage firms’ offers. If TESLER APP is offering a high leverage ad spread or is demanding a high minimum initial deposit, then this is the second red flag that leads us closer towards the TESLER scam.
TESLER APP customer support and whereabouts:
The reason behind why the scam brokers steer away from putting up the details of the founders or the contact information is to avoid getting caught by any of the authorities. Therefore, even if you try to contact these scam brokers with the numbers given on their fake websites, the higher probability is that there will be some error or issue. Regulators demand the brokerage firms that come under them to provide all of their details including the details of the Board of Directors on their website to establish transparency between the customers and the companies. Henceforth, if TESLER APP does not reveal the members or provide a contact number, it is a scam.
What to do if scammed by TESLER APP scam broker?
Now that you have reached almost the end of this review, it is pretty clear that spotting a scam broker is easier said than done. Thousands of people get scammed every day and this is where we come to help. If you have been a victim of the TESLER APP scam, file a complaint with us at the earliest. Our team of experts will look into the case and get back to you with the best viable solution to retrieve your funds. Till then, read our reviews on other types of scams such as Binary Options Trading scams, Forex Trading Scams, etc.
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