Tesler App was a popular binary options robot that opened in December 2016, by a man named Steven Abrahams of Tesler Investments. When it opened it was insanely popular, with many people interested in knowing if it really works.
Before you become the next victim of the Tesler App scam, there are a few things you need to know about trading binary options. You can start by reading about the characteristics of the best binary options brokers, see here.
Warning: You will lose your money, because the software is a scam, read why.
Americans should only trade on the CFTC licensed exchange at: Nadex.com.
Tesler App Review
When we first saw the TeslerApp website, we thought that they had created a mobile app for trading binary options. There are buttons to get the app on iTunes and on Google Play. Sadly, when we clicked on the button, it asked us to sign up for their service. We signed up and they sent us to a page that almost looked like it was broken, see picture below.
The trading app gave us zero controls. We could not select the dollar amount per trade, or how many trades the software will make each day. The only option available, was for us to set some “strength above” number.
Using a binary options robot for trading is extremely risky even with the best trading robots. This Tesler App is reeking of a scam with the limited options it gave us.
Tesler App Scam
If you would stop for a minute and think, you would notice so many red flags with the Tesler App.
- They promise $237 an hour for testing the app, but you must first give $300 to a fake binary options broker.
- Tesler said that you should use their app, but a simple search on Google Play only shows a Tesla Motors app.
- If you go back to their homepage teslerapp.co you will not find a login button.
And with all that you think that this is a product which will make you rich? Don’t be a fool, and fall for a cheap scam.
Tesler App Fake Brokers
If you already read about what makes a broker the best broker for you, then you will already know that the broker they told you to use is a scam.
When we tested the Tesler App for this review they created an account for us at a broker called CFDStocks. They are an offshore broker that is not licensed or regulated. The problem with unlicensed brokers are they make up 99% of the scams in binary options trading. You can see how the scam works here.
Serious investors will always trade directly at a licensed binary options broker like http://Nadex.com.
See The Best Trading Robot
You can find the most popular and high quality algorithm trading software on the Binary Trading Signals page.
Share your experience using the Tesler App with other investors. Tell them how much money you made or lost, in the comments section below.