Tesler Trading is actually a scam Forex trading robot, that originally opened in December 2016, by a Fake man named Steven Abrahams of Tesler Investments. Before you become the next victim of the Tesler Trading scam, here is what you need to know about trading Forex CFDs.
Recently, online scammers have been promoting this trading app in the United Kingdom, without a license and against FCA rules.
Don’t Lose Your Money! See How The Scam Works
Tesler Trading App Scam
If you just stop for a minute and think, you would notice so many red flags with Tesler Trading.
- They promise $5700 by tomorrow, but you must first invest $250 with a scam Forex broker.
- Tesler Trading said that you should use their app, but a simple search on Google Play only shows a Tesla Motors app.
- Every week they are using a different URL, first it was; teslersoftwareapp.com, then appteslerapp.com and now The-Tesler.com.
No one actually knows where there real software is, or how to login. 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 Trading Review
When we first saw the TeslerApp website, we thought that they had created a mobile app for trading Forex. 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 the “Amount of Trade”. This Tesler App is reeking of a scam with the limited options it gave us.
Using a software for automated trading is extremely risky even with the best trading robots.
Tesler Trading Offshore Brokers
When we tested the Tesler Trading App for this review they gave us a trading account at the broker Brighter Trade, an offshore broker that is not licensed or regulated. The problem using an unlicensed broker is that your money is not protected!
After reviewing more than 800 trading apps and brokers since 2013, it is safe to say that they only safe place to trade is with a regulated broker. Serious investors will always trade directly at a legally licensed broker, look here.
Warning from ASIC Australia
“ASIC urges all investors considering investing online, to check they are dealing with an entity that holds an Australian financial services licence.”
Find a Regulated Broker!
You can find the most popular and high quality algorithm trading software on the Software Page.
ForTrade is a popular broker, that is licensed and regulated in many jurisdictions, including England, Canada and Australia, read more. You will find Free Trading Signals, and the ability to create a free demo account, signup here.
Share your experience using Tesler Trading with other investors. Tell them how much money you made or lost, in the comments section below.