Tesler App Review – Avoid This Unlicensed Online Software

Risk Free Trading Software Or Scam?

Tesler App, also known as 7Tesler or Tesler Trading System, is an automated online trading platform that uses data. This bogus signal platform is actually an outdated Binary Options get rich quick scheme. Steven Abrahams is the alleged creator of this fake signals software. He is shown as Tesler Investments CEO in the Tesler App fraud sales video.

Tesler App Broker Check

Coin Central – the broker that was assigned to us upon registration. Coin Central is registered in Seychelles. This broker is not licensed to manage customer portfolios and operates illegally.

On a YouTube video, we saw a sponsored ad asking viewers to sign up for the Tesler App. This is a new and very effective way to lure victims. These sales videos can also be viewed by viewers who are susceptible to misleading ads.

Affiliate marketers and media networks pay for these advertisements. They do this to attract new customers, and in return receive commissions from CFD broker.

Tesler App Warnings

The FCA in the United Kingdom blacklisted this trading platform in July 2021. The FCA has warned that the trading platform is a “clone”.

Tesler App Perspectives

We also came to similar conclusions when we looked at other legal aspects of this software. This app does not have a legal patent. No indication exists of any PCI compliance. This means that there is no accountability for privacy or confidentiality issues, or personal information. This is also true for website security protocols and firewall settings.

Application Review: Perceived Advantages vs. Disadvantages

Tesler App was initially marketed as an automated trading platform for binary options. It is claimed that the application is extremely safe and has a 99 percent success rate. Scammers also mention an algorithm that allows investors to use an internet bid exchange platform.

Are you interested in becoming a Tesler App beta tester? This scheme offers binary options trading at a 100% risk-free rate to anyone who is interested. They claim that their software is 99% successful.

You will notice a trading panel if you have a look at the sales video. The panel lists the broker name (securedoptions.com). Victronix LTD owned this binary options broker, which has since been shut down. It has been also blacklisted by every regulator and review site.

Canned Strategies, Risk Management, and Indicators

Many trading apps and expert advisors have some type of strategy or indicator. These could include Moving Averages, Fibonacci or RSI. None of these features are offered by Tesler App. It also does not offer any risk management tools. The software cannot be controlled once you have invested. The broker will trade for you and cause you to lose money.

Tesler App Security. Is It a Safe Trading App?

Many websites claim to be official. Each website has an SSL certificate that uses a standard 256 bit cryptographic key. These websites are not necessarily safe. We found potentially unwanted programs and PUPs in many of the cases when we checked for viruses on these sites. McAffee Web Advisor also marked the sites as suspicious.

Exaggerated Claims and an Old School Sales Pitch

Tesler App is a fraud. This is obvious, and you’ll see it in their sales pitch. It is possible to earn $5,700 in your first trading day using this system. We don’t believe so, and the facts support our belief.

Tesler App Leverage

Brokers who accept members of schemes such as Tesler App have a standard leverage ratio of 5,000 to 1. This is a very high risk. Because leverage is very similar to a loan, The bank can take your home or any other property if you default on a loan. This is also true. Leveraging an investor’s account can often lead to losing more that their initial deposit of $/EUR250.

Tesler App Deposits & Withdrawals

A QR Code was provided to us when we completed our deposit test. We were then referred to a Bitcoin wallet. After we had funded the account, Mike Zachs, a manager called us asking us to deposit PS5,000 “if you want to make real money”.

Our experience has shown that funding an account was easy. It was almost impossible to cash out when we tried. We were completely ignored and told to “go away”, unless we wanted more. This is how professional it is!

Tesler App on Trust Pilot, Reddit and Facebook

There have been many fake profiles posted on social media forums, review sites, and other platforms. These fake profiles are used to promote Tesler App and trick viewers into believing it is legitimate.

Tesler App: Video

Below you will find a short video about Tesler App. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Tesler App!