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Tesler Trading System REVIEW
To summarize, the Tesler trading app claims to offer a simple way for you to effortlessly earn hundreds of dollars per hour without lifting a finger. The app is marketed as having a proven formula for successful trades, and all you need to do is make a deposit and activate it to start generating profits on autopilot. However, I can confidently say that this is a complete scam. I have previously exposed similar trading scams, and the individuals behind them continually rebrand their “systems” and “apps” under new names to evade negative reviews and deceive unsuspecting people. The Tesler trading app is just the latest iteration of this scheme, with previous names including Bitcoin Revolution, Bitcoin Cycle, and Prime Advantage. As you will soon discover in this Tesler review, the app is no different from its predecessors.
The fake trader involved in Tesler’s videos is a paid actor featured in other proven scams like “Swarm Intelligence”
How Does The Tesler Scam Work?
In summary, the Tesler website is merely a gateway to connect you with an unverified brokerage service. It is likely that Tesler receives a commission for every lead they generate. Once you make a deposit and provide identification and proof of residency, an “account manager” will contact you to explain their program verbally. It is important to ask for all fees related to withdrawal, commissions, membership, account closure, etc. to be sent in an email, especially if they can be deducted from your account balance.
Be cautious if you see a large profit in your account immediately after trying the platform because this is just a strategy to get you excited and upsell you on something. In some cases, a substantial amount is credited to your account for trading leverage, but this is not guaranteed profit. If you decide to withdraw your money, they may demand a fee through transfer or credit card, claiming that regulations prohibit them from deducting it from your account balance. This fee can be exorbitant, and you might be tempted to pay it to avoid losing your profits. However, once you pay, they may come up with another problem that requires more money to solve.
It is worth noting that the company is challenging to trace because they have established themselves in several layers, with multiple addresses and contacts. They may attempt to prove their legitimacy by citing their regulation in another country, but this is often a red flag. Additionally, they will use different phone numbers to contact you, and there is no clear line of communication. Everything is verbal or through screen sharing, and they don’t ask you to sign any agreements or terms of service.
In conclusion, unless you have an abundance of disposable income, it is best to avoid Tesler and similar schemes. The saying, “if it’s too good to be true, it probably is” certainly applies in this case. It is also worth mentioning that the CEO featured in their sales video is an actor, which is a significant red flag.
Official Scam Warning from the UK FCA regarding Tesla Trading