Tesler App is a scam Forex trading robot, that opened in December 2016, by a man named Steven Abrahams of Tesler Investments.
Before you become the next victim of the Tesler App scam, here is what you need to know about trading Forex CFDs.
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Tesler App Scam
If you just stop for a minute and think, you would notice so many red flags with the Tesler App.
- They promise $5700 by tomorrow, but you must first invest $250 with a scam Forex 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; teslersoftwareapp2.com, tesler-app.cc, tesler-software.net, thetesler.co or t-soft.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 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 App Uses Fake Brokers
When we tested the Tesler 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.
Serious investors will always trade directly at a legally licensed broker, look here.
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You can find the most popular and high quality algorithm trading software on the Software 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.