Imagine if you could download a piece of software, activate it & then begin earning $237 per hour on complete autopilot?
Well, that’s what the new Tesler trading app claims it can enable you to do.
According to the website promoting it, you simply need to “test the software for 5 minutes” & then afterwards, you’ll find yourself generating an entirely automated income of $5,700+ per day.
But is it really legit? Or is the Tesler trading app a scam?
The good news is that you’ve landed in exactly the right place to find out because in this review I’ll be uncovering everything you need to know, including how it all really works.
What Is The Tesler Trading App? | How Does The Tesler App Work? | The Risks | The Red Flags | Is The Tesler Trading System a Scam? | A Better Alternative
What Is The Tesler Trading App?
In short, the Tesler trading app portrays itself as providing a way for you to easily generate hundreds of dollars per hour without having to lift so much as a single finger.
You’re led to believe that the app has been built around a proven-formula for winning trades & that all you need to do to begin profiting is simply make a deposit & then activate it.
From there, the app will supposedly begin making the trades on your behalf & begin earning you an income entirely on autopilot.
But I can tell you right from the off that’s a load of nonsense.
In fact, the Tesler trading app is nothing but a scam… And I can say that so confidently because I’ve actually exposed this exact same type of trading scam several times before.
The people who are behind these scams simply keep on launching their “systems” and “apps” under new names in an attempt to escape the negative reviews so that they can continue tricking people into joining.
“Tesler” is just the latest name for the system, but the system itself is no different (as you’ll soon see in this Tesler review). Some of its previous names include things such as Bitcoin Revolution, Bitcoin Cycle & Prime Advantage.
And you don’t have to “just take my word for it” when I say that it’s a scam. Instead, keep on reading & I’ll explain exactly how it all really works (or should I say how it doesn’t work) below.
Free Training:
How Does The Tesler App Work?
You’re led to believe that profiting with the Tesler app involves a really straight-forward process. You just need to sign up, make a deposit with the recommended broker & then activate the system to begin making money.
Easy, right?
But there are 2 very important things that the Tesler website fails to mention & when these 2 things are combined, they literally prove that the system cannot physically work as promised.
So what are the 2 things they fail to mention?
Well, the first one is that they are actually affiliated with the broker that they advise you to deposit with. This means that if you sign up & make a deposit via their website, they get paid a commission.
And the second thing that they fail to mention is that the broker is a binary options broker. This is the bit that proves it’s a scam.
You see, binary options brokers work differently to normal brokers.
Through a binary options broker, you don’t actually invest in anything. Instead, you simply place bets on whether you think the value of something will rise or fall over a set period of time (usually under 60 seconds).
If you guess right (which is very, very unlikely) then the broker returns your bet & gives you a small bonus… But if you guess wrong, then the broker takes your entire bet from you.
The important part here is that if you win, the broker pays you out of their own pockets – meaning they do not want you to win.
So with that in mind, ask yourself this…
Why would a broker (that loses money if you win money) be paying commissions to the creator of a “guaranteed winning app” like the Tesler app for getting you to sign up with them?
The answer is because they know that the app doesn’t really work as promised & that instead it’s actually been designed to make you LOSE money (and lots of it, too).
The broker & the creator of the Tesler scam are both in cahoots together.
The Risks
The Tesler scam (and the other similar scams that came before it) catch people out by portraying themselves as being “risk-free”.
They lead you to believe that you can simply make a deposit with the recommended broker & try the system out. They make you feel like you can simply withdraw your money if it turns out not to work as promised.
However, what they fail to tell you is that both themselves & the broker are in on the scam together. This means that once you’ve deposited the money to get started, you will not be able to get it back.
Worse, is the fact that the system also falsifies your profits to encourage you to deposit even more money again & again.
So once you’ve deposited (which I don’t recommend doing), the app will make you believe that you’re actually generating profits, but it’s essentially just a video game as it’s not really connected to any live markets.
You’ll simply be left to find out the hard way that the whole thing has been a scam when you finally attempt to make a withdrawal & realize that the broker either begins to make excuses or ignores your request completely.
And in some instances, the brokers have even gone on to scam more funds out of people by claiming that they need to pay a “taxation fee” (often of thousands of dollars) in order to process their withdrawal.
Pretty nasty stuff.
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The Red Flags
Obviously, when it comes to the Tesler scam, the primary red flag is that the entire thing simply sounds WAY too good to be true… And as the saying goes, “if something sounds too good to be true, it probably is“.
In the instance of the Tesler app, it definitely is.
I mean think about it – if the app really worked then everybody would be using it. Who on earth would be left working at a job if they could generate $237 per hour on autopilot?
The world would be in crisis.
Alongside that, the Tesler app website features so-called “testimonials” but a quick Reverse Image Search on Google reveals that they’re all fake. Take a look for yourself below:
And finally, the website offers absolutely no contact or ownership information whatsoever. Nor does it display any signs on licensing (which is a requirement by law for investment-related websites).
There is simply NO way you should deposit any money via the Tesler website.
Is The Tesler Trading System a Scam?
There’s no doubt about it, the Tesler trading system is definitely a scam. The whole thing has been designed with the sole intention of tricking you into signing up with a scam binary options broker.
You should definitely avoid the Tesler system if you were considering joining & you should also avoid any other programs or systems that make similar extraordinary income claims like it.
You see, the truth is that you can make good money online, but you cannot make good money easily or fast. In order to make good money online, you must be prepared to put in some work.
The good news, however, is that if you are prepared to put in the work to make it happen then there are legitimate places such as Commission Academy where you can get started for free.
At Commission Academy, you’ll learn step-by-step how you can begin making money from one of my highest recommended methods, affiliate marketing. It simply involves promoting products online & getting paid in return for doing so.
It’s also the exact same way that I personally built an income online myself.
And alongside that, there are also various other options which you can check out on my top picks page.
But whatever you decide to do, I just hope that my Tesler review here proved to be helpful to you & most importantly, I hope that it helped to prevent you from losing any money.
If you have any further questions or comments then don’t hesitate to leave them below.
A Better Alternative
The sad truth is that unfortunately most of the programs promising to help you make money online are scams. I can say that confidently after exposing over 500+ of them here on this blog.
But the good news is that even though most of them are indeed scams, there are actually some very good programs in amongst them - some programs that can truly help you to earn money.
And out of all of the legit programs I've seen, the one I would recommend the most to anybody looking to get started online is Commission Academy. In my own opinion, that's the best place to start.
At Commission Academy, you'll be provided with everything you need (including the training & tools) to begin earning real money by promoting products or services for companies like Amazon online.
The best part is that there's literally no limit on the amount you can earn with it & the process is pretty simple which means that it's absolutely perfect for people that don't have much experience.
Some wealthy affiliates even earn as much as 5-figures per month... Or more!
I mean don't get me wrong, that kind of money won't just fall into your lap without doing any work... But the harder you're willing to work at it, the more you stand to earn with it.
So if you're looking to get started but don't know which route you should go down or which program you should join (and don't want to waste money on bogus things that don't actually work), then I'd highly recommend checking out Commission Academy first. You can learn more about it here.
Hi Dale,
thank you for taking the time to say that The Tesler Trading System is a scam . So people like me do not fall for it .
Kind regards
Natasha
Hello Natasha, you’re very welcome & I appreciate you leaving a comment 🙂
Why is this type of advertising legal?
Teslar advertising is everywhere on YouTube.
Here in Australia they are pushing it hard.
It’s not legal, but the creators know how to get around YouTube’s policies by leveraging tricks. Their ad accounts will get banned, but then they just create new ones using new tricks.
Dale, I have Alex Adam from the company that claims you are not telling the truth.
His whats up app number I can send.
I don’t need his Whatsapp number, the company is blatantly a scam & a scammer is bound to say that I am not telling the truth. Don’t fall for it.
Well…it takes YT a very long time to fish those scammers, the tesler ad is everywhere more than a month .you can actually ear by the tone of his voice and tone and fake assurance that it is a scam…maybe the broker is YT…
Yeah, as soon as they shut them down they’ll be using dirty tactics to launch their ads again via different accounts. Of course, YT will be happy with the money they’re receiving for the ads all the same though… No doubt!
more like they make youtube money so youtube wont screw them over at least thats how i see it
Yes, they are pushing it hard on Youtube
Thank you Dale, so much. 🙏🏻I was really taken in and clicked into joining. So they got my name, mobile number and email. But there was a glitch inabiling me to enter a password, so I exited the site. A short time after, I got a call from a phone number in Melbourne, Australia, by man with a strong African accent, wanting to help me through the process. I started feeling suspicious. So when he told me I only needed to deposit $380, I told him that I didn’t have the money right now and needed to wait ’til my next pay day.
He sent me an official email suggesting I contact him next month, after I get paid.
Clearly I won’t be, so thx again.
I am a 72yo pensioner. My kids tell me I’m gullible and that I should check everything. Thank God I found you.
I’m so glad that my review helped you to avoid it & thank goodness for the glitch that occurred preventing you from signing up. A blessing! Take care Judy.
Hi, Don’t worry I got scammed by another one, they just kept ringing and ringing me and that was a year ago I still get calls today I just block them. They now can make it look like they are ringing from Australia but they are overseas. You are lucky they gave you a number to ring! That’s a new one! Just be prepared for more calls, we are considering changing our phone numbers. Regards Jo from Perth.
Hi Dale what should one do if they’ve already paid into the scam and signed up but haven’t moved from there
Hi Tom, I would recommend contacting your bank to see if they can help you to reverse the transaction.
I almost got scammed. I registered, but did not give any money or any financial information. The weird thing is, is after I registered, it took me to a different trading broker called Barclay Stone. I checked them out, and they to are a big scam. I’m glad I didn’t invest a dime
Hey Dale!
Yes indeed n appreciate it, they’d call me right away once I’ve downloaded d app..and check email,open d link to register and proceed with bank payment. I was just about to go thru d app but not a chance n start thinking kinda fishy…and I found your blog safe me from it. Thanks mate! Keep on doing it coz it’s good deeds helping others for nothing in returns, you’ll get wonderful return in lot of ways..faith. Thanks Dave!
Sincerely – from Malaysia use
Thank you for your comment Khidr, I’m glad to hear you dodged the Tesler scam 🙂
I was going to join Tesler but just read the above. So glad I did. I saved myself 250$ I can’t afford to lose.
With joining affiliate marketing don’t you need to have loads of followers?
How many would I need to get my amazon account approved?
Many thanks for your help.
You don’t need any followers at all 🙂
You can learn more about how it works in my beginners guide right here.
We get to stay poor and never get out our situation. The markets are for the wealthy and well connected.
But how do the wealthy get wealthy? 🙂
Hello, Graham. I do invest in the market, but I’m not a trader and would consider myself middle class and unconnected. You don’t need a lot of money in the market, it’s how you allocate what you have. I purchase value stocks and WAIT and generally, they become profitable. It takes patience and being able to not react emotionally to every dip. I’m in for the long haul and not immediate gratification as that would be speculation and speculation is gambling. If you want to invest in the stock market, learn about it and what makes a stock price attractive and don’t invest in untested companies.
Dale, often through inherited wealth or multi generational wealth, and or strong family connections. And often, luck. Surely you can’t deny, money makes money?
In saying that, I’m not attempting to dismiss or denigrate your words on hard work earning money.
You’re doing great things, and should be commended for that. You also stopped me from looking further into it. Thanks Dale! 🙂
Money doesn’t make money at all – far from it. Money is just an accelerator. If you’re stupid, money will accelerate your losses… But if you’re smart, money can accelerate your profits. Money on its own, however, will do nothing – it will just sit wherever you left it & gather dust.
Hi Dale . I assume you have lost money using this scheme . They tried to get me register but the password wouldn’t work . Also is there any other trading platform out there that one can use and they are legitimate
There are no “automated trading systems” (that are actually profitable & sustainable) but there are alternative methods you can use to make money.
Binary options brokers are illegal so the broker they put you with is a scam anyway.
You’re right 🙂
There is one legal and registered Binary Options Broker in the USA. It is called NADEX. Registered and regulated with the CFTC. You have time options of 5, 15, 30, 60, minutes, one day and one week. You can also close your trades early if you are in profit and do not want to let your trade run full term.
If you have a look around this blog you’ll find lots of negative comments about NADEX. I’d advise caution.
Khidr, this is exactly what happened to me too, just now. I received a call immediately I signed up. But I wasn’t ready to pay tho, First thing I noticed was that my Truecaller identified the number as scam, then I usually check for online reviews about any businesses or products. This blogspot was my saving Grace, increased my conviction. Keep up the good work. Thanks
Where is the police in all that …???
Hi Dale,
Tesler ads are so convincing but it is too good to be true. There is no such thing as easy money and get paid on hefty sum. Unless, you’re either a successful entrepreneur or an inventor, etc..
Anyway, I googled about Tesler and apprently found you Dale!
Agreed with you and thank you so much for put in this on the web and hope many others will know the truth.
You’re exactly right RizKhan, thanks for your comment. I’m glad my post here helped you out 🙂
Interestingly there are no alternatives. So many people will still be stuck in their financial prisons and unable to change their lives for the better. It is sad and extremely disappointing that tesler turns out to be yet another scam operation. Everything seems geared to preventing you from ever accumulating or gaining wealth.
Except for something such as affiliate marketing. That’s legit, and you can earn as much as you desire 🙂
Why would you say one company is bad, at the same time talk about another company on here seems awfully strange to me. How would we not know if you are running the second company.
Hi Margo, imagine if you were looking for a new car seat for your child. If somebody told you that the one you were looking at was dangerous, that would be helpful, but if they recommended an alternative that was very safe & practical as well, that would be even better, right? Well, I’m doing exactly the same here in my article. I’m trying to help people as best they can as I know some people will still be interested in legitimately earning from home.
does it matter if he is owner or co-owner of the other company? why not try tesler and commision academy out for your self wait 4 months and tell us the results?
Hey Dale
Thank you for giving your time to help other people from getting ripped off and disappointed. Like billions of other working or unemployed people I keep coming across these get rich straight away claims. I have thought a few times to try them but always the heart says there is something fishy going on and never went ahead. I was looking at the tesler program and I got to you. Reading what you have to say has saved me from losing money in an attempt to making money. I like your advice and thank you for it. I am sure it will save a lot of people from disappointment and heartache which would come from being fooled. I am going to look at the academy you are pointing out.
Once again thank you for the honesty and may God almighty reward you for it.
Thank you too for your comment Anwar, it means a lot – I’m glad my review helped you out 🙂
Thankyou so much for your vital information it helps a lot rather than getting suck into this scam.it sounds so promising but no one gives away free money for doing nothing.cheers mate.
That’s exactly right Ronald, I’m glad my post helped you out 🙂
Hi Dale,
I already registered to Tesler,but when i’m ask to deposit I didn’t pursue anymore as im a bit skeptical,then I google and thanks I find your advise and proved that it’s a scam,can you please tell me how to join the commision academy and how much will I deposit to join?
Hi Marilou, thanks for your comment – I’m glad you dodged the scam. My Commission Academy training is free of charge 🙂
That Tesler system is a straight up scam. Look at the cheesy actors they use in their schemy vids. Can’t believe still fork out good money on these sh** show scams
Unfortunately they do.
Wow Dale
Thought Tesler looked interesting….Googled it…saw some bad reviews….found your info.
I just saved a shed load of money and hassle by doing so
Thanks mate
Garry
Glad to be of assistance 🙂
THANK YOU, YOU SAVE MANY SOULS
Wow! They use the name Teslar to give there business name some real credibility for people like me that see the name Teslar and think its gotta be a good thing to invest in..
I wish these geniuses would use there smarts to create a legit way of helping people!
The legit way already exists John, you can learn more about it here.
Thank you so much, Dale! I really appreciate this detailed post. Saw Tesler ad on YT, looked really fishy to me, googled up reviews, saw your post. It’s really nice to have a detailed review of an expert when you’re not sure yourself.
Thank you!!!
You’re very welcome Rachel, I’m glad my review helped you out & I’m really grateful for your comment 🙂
Thanks
You’re a real star and I wish good things for you.
I nearly fell and I’m a retired six times Man Director of proper companies.
Cleverly done I would say by actors.
Thanks again for your time and explanation.
I feel a right wally!!
Ian
Definitely very well done Ian, don’t feel like a wally. I’m glad you dodged it & thank you for your comment 🙂
wow dale
i almost walked in to there SCAM
thank you for the warning
keep up the great job you are doing
stay safe
john in Australia
I’m so glad that you didn’t fall for it. Thank you for your comment 🙂
Can’t believe I have just fell for this. However, I don’t think my registration completed. Meantime I thought I’d check out Teslar and found you. I hope my deposit hasn’t gone through.
Oh no, I really hope your deposit didn’t go through. Did you manage to check yet?
WOW and SMH
I Registered but due to the fact i didn,t have no money to deposit i googled tesler.
Big Props going out to you for exposing them and saving me getting ripped off
Youtube need to be held responsible for these con – artists folding the site
Glad you dodged it, sounds like a close call 🙂
Hi Dale,
Am glad I search for reviews of the Tesler program . To good to be true. Thank you for for your comments. I did not invest.
Az
Hi Dale,
I am so glad that I found your Blog, SOMETHING didnt feel right about that Pitch from Tesler, No Contact/Disclaimer and a TON of outdated “Charts”. I was reaching for my Debit card when the Red Flags stopped me to Google them. Thank God I found your Review. Security and Exchange Commission should be ALL over them! You are a Gentleman and a Scholar sir, keep doing what you can to expose these Leeches!
Hello I see the reviews of yours, but in tesler app they saying, many celebrities, big shots, are investing in that app, like Elon, many more, etc., is that fake,…? Or what else.. And thanks for the information
Be careful. A lot of these scams are using Elon Musk because of QuantumAI, very fast computers. Most auto-trading apps will have Elon Musk on their site. I signed up for a similar app which claim to be Orion Zero in London, and when I asked if Elon Musk is part of their company, he said no, but he is their endorser. I said I didn’t have the money but they said, they can still process the card to make a declined transaction so they can save my spot. I said I don’t see the logic behind it and I’m not gonna give my bank details if I know that they are gonna process it without funds. So I declined and told them I am not interested. I’ve been receiving calls now coming from London, Australia (both landline and mobile numbers).
Then I saw another app, Tesler, which is really too good to be true. So I decided to check on reviews about Tesler. First one I came about was from Courier Herald, which headlines it as whether Tesler is Scam or Not, but the whole page is filled with links to register with the Tesler Trading app, and as you expected, their review says its legit. So how can you trust a review site that promotes what its reviewing.
And that’s how I ended up on Dale’s review here. Thanks Dale.
Hi John, yeah sadly that’s one of the biggest tricks these types of scams use – fake review sites. That’s why I worked so tirelessly to provide real reviews to people & hope that they share them to get them above the trickster’s reviews in the search engines so that people can discover the truth.
Hi Dale, They are showing the add for this on facebook now here in Australia. There are so many scams out there now days that its hard to pick a legit one. Thank you for taking the time to post this and warn others. Great work
You’re very welcome Craig 🙂
Hi, Dale,
Tesla ads was so enticing! Who doesn’t want to have financial freedom, debt free, can pay the bills on time, have valuable time with your family and not to work with long hours especially this time of crises. I was about to send money to start with Tesla but for some reason my bank declined it last night and just got a phone call from them (Tesla support team) this morning and I told them I haven’t sorted my bank yet. But, while I was looking for the contact number of my bank’s customer service, it came to my senses to check what this Tesla got on reviews, then I landed on your page and I’m so grateful to God for this article. You’re a God send angel. Thank you very much. You’re a great help to people like me. Stay blessed!
Hi Vee, that’s so lucky. It sounds like you came so close to giving them your money but I’m glad that you came here and found my review first. Thanks for your comment 🙂
Is any one can tell about the author if this page. IS HE A SCAMER OR NOT…. May be he want us to join him if he proves other binary system are fraud…. Any 1 ANY 1……???
Clearly, I am not a “scammer” as all of the information I give away is provided free of charge.
Thank you Dale I saw the app thought it was a little fishy making money so easy . My father worked the stock market for 30 years daily to make his fortune. I downloaded the app thought about it , they called just as I was reading your information thanks . Hard work is the only way it works .
Hard work sure is the only way it works Ralph. Glad you dodged it 🙂
Cheers for the advice! Reading their disclosure they are not pemitted to trade in the US & in other countries. Which to me was a big warning to investigate these criminal enterprises.
Yep, that’s a big warning for sure. Glad you spotted it & dodged it 🙂
Hi Dale,
Every time the add of scammers who are so ‘generous’ and spends so much time convincing people that they invented the software to help people make money I can smell they are scam artist. Scammers are so easy to spot. Ask yourself why are the scammers so eager to help you make easy money? They show they got their own aircraft to fly all over the world enjoying themselves and they are the do good people. Just ask them to put the $250 for you up front and when the system makes thousands of dollars, use the profit to pay them double. If they are not willing to do that, it simply expose their evil intentions. Every time I see one of the scammer’s add I wish I know how to create a website just to warn the thousands of ‘not thinking people’ who becomes victims.
Keep up the good work Dale. Cheers Kit Kiat
Hi Kit Kiat, you’re exactly right. Their systems can supposedly make money on auto-pilot, but they require $250 from you for you to get started… Yeah, right! lol. Thank you for commenting 🙂
Great points! Thanks for educating the people in right way. I didn’t feel for it but since it was asbrtised in YT I wanted to do some research so simple searched the internet for: is APPNAME legit? … Well got all the answers like all folks should do!!! The apps like mentioned one and similar pray on people usually desparate for money, which is sad, and naive people that are not tech-savvy. At the end of the day everybody should be aware that t hardly any profits without hard work. The harder you work the higher the profits will be. there is nothing like: click click you’re rich!
Stay safe!
Yep, I wish everybody did their research like you Johnny. Sadly, many people just do it AFTER depositing, but that’s because the scammers deploy tactics to make people feel pressurised. I will continue doing my bit to expose these things in the hope of helping more people to avoid them. Thanks for commenting 🙂
Hi all
Reading this review reminded me how I lost a lot of money. Some years back I was desperate to find financial help and I signed up with similar company. I deposited I think 500 US and everyday profits was amazing , so I was getting phone calls to deposit more. I was super happy and borrowed money to invest more as I saw way out of financial trouble back then. Account was showing over 15 k USD . I asked for withdrawal and immediately overnight my account gone down to $50 , I could not get assistance and best explanation I got was it does happen sometimes. I was so upset and angry but could not do anything at all. So thank you for exposing scammers and I just don’t understand how they can continue and why they are not prosecuted
Yep, that’s how it goes Julia. Thank you so much for coming here & sharing your experience to help others 🙂
Thank you so much for this review. Was about to join. Have been trying hard to find out if scam or not. Hard to tell some of these reviews are legit or not. Sure glad I came across yours.
Glad you dodged it Terry & you’re very welcome 🙂
Hi there!!
Unfortunately, I have invested in Tesler and lost more than 20.000€. I would like to know if there is any possibility to get my money back or at least find more people affected and come together trying to finish this scam and close the add and the website.
Thanks for the article and the truth you are saying. They are thieves and bad people.
I appreciate any help.
Laia Marca.
Hi Laia, you should contact your bank/card issuer regarding any lost funds & see what they advise.
Hi Dale
Thanks for your advice ,I just couldn’t see free money ,you explained it perfectly. I also was saved by a glitch on line.
It is almost like subscription frauds with no cancelling buttons on their web sites you have to shut down your bankcard to break the theft they take every month or more.
Being over seventy my kids also say Iam gullible, but you are right on majority of these ads are scammers ,I buy nothing on line no matter how good it looks.Keep your credit card safe.
You’re very welcome, thanks for your comment 🙂
Hey Dale Can u please also research about SWISS29 a trading platform i lost more then 13000 but i have around 2000 left there its not in trade but they are not accepting my withdrawal.. they just stopped receiving my calls and stopped replying to me its more than 10 days i asked for withdrawal but nothing.. please check about them i know its too late for me but i have 2000 hanging in dark..
Hi Sam, for sure I’ll take a look into that & publish a review ASAP.
Dale,
m a single mother of 2 boys, I work 3 jobs, I barley get to see my children. corvid hit me hard I do not receive any government help, I was denied by financial assistance and 2 days before new years was in a terrible car accident, long story short I’m looking for ways to make money while being home to try and buy a vehicle to work at a real job again , I almost fell for this and was about to do it but I thought I would research more, so from the bottom of my heart, thankyou for doing this, I would have deposited my last bit of money in hopes to turn a profit,
thankyou again,
all the best
Martina
You’re very welcome Martina, I’m glad you dodged it 🙂
Hey Dale,
Your warning came too late. Do you know anything about Lyxorpro?
I’ve invested and they want their tax to release my funds.
I don’t but I’ll certainly take a look into it & post up a review as soon as I can.
hi isnt this app is trader-favor
It’s “Tesler Trading System”.
Well Im certainly glad I read up on your posts from tesler Dale..just about pulled the trigger on making a deposit this morning but something told me to investigate a little more..firgured it sounded fishy but also thought tesler was in the US as well..guess most of these scams are from the UK…posing to be American..?
Are there any auto trading platforms in US that are legit?
Reputable?
Glad you managed to dodge it 🙂
And no – there’s no such thing as an “auto-trading platform” that will actually generate profits. If there was, everybody would be using it, nobody would be working a job. That’s just a pipe dream.
Hi Dale,
Ever heard of: stocktradex247
Sounds similar to Tesler.
Any thoughts?
Hello, yes I have – it’s another scam to avoid 🙂
I thought so as well. Thanks
So I bit the hook. Seemed fishy but I literally needed a money miracle or a recording agent to hear my music (if anyone out there knows one*wink wink) I’m 40, never been scammed, ask a lot of questions. Started the process with an agent who walked me through the College for trading sign up which cost $248 USD, made my deposit but didn’t sign the declaration of citizenship to complete my account because I had to get kids ready for school and I figured they were bound by law to only do their biddings in certain countries, like Canada. He said he’d call me back at 10 am. Sharp and to make certain to ask for my client number to make certain it was indeed him. Never returned my call and I never signed but my money was gone. Finally accepting I’d been had I told my bank. They said exhaust all resources to recover funds myself. If after 15 days I was unsuccessful, they would refund me and go after them. Them being -The Financial Centre UK. So I began emailing telling them I was dissapointed, wanted the refund I was promised and to part ways. I was acknowledged and told I’d be contacted by days end. Nothing. I then emailed again, told them I’d reported this to my bank,and if I wasn’t refunded within 24 hours I’d reach out to every fraud department in Canada and make it a fullime job to make sure nobody ever fell for their BS again. Lo and behold I get a call the next morning. A really nice guy ( I thought) said he was sorry I had been left to wait and he’d make it all better by giving me my refund and adding $40 to my account but I’d have to download Ann app called anydesk which allows them access to my phone screen with a mouse, and an app called shakepay to do my withdrawal. I said no, just etransfer it and maybe I’ll accept the $40 and keep my account active and see how it goes. We’ll I was told it has to be converted from crypto to Canadian through wallet. Reluctantly I did all this but couldn’t verify my shakepay account due to an expired license. I started to try and build a repor with this man who called himself Richard Gold. We talked about our Kids, personal struggles, what led me to this point, how he got there…. we tried some other means than shakepay to no avail. I said look, just etransfer me the way I did you, add my $40 and if I like it, I’ll gladly add money when I can. He said they can’t etransfer from the UK and that it was already in crypto so all withdrawals had to be converted. He was paisnt, we even joked around and he said email him as soon as I can verify my shakepay. Over the best 2 days I avoided his calls and two emails then wrote him back saying tgere will be no shakepay, just send my money back like I was told on day one, keep the $40 and I’ll keep the nasty reviews out of it and call off the fraud claim. Call me. Phone Rings within an hour, it’s Richard. His tone is different and so is mine. Not rude, just real and raw. He says they can release the funds back to my bank via etransfer now. He walks me through the customer support, tells me what to write and says I’ll have it back within 24 hours, which is good because I made it clear I needed it back. That I only joined because I was assured fast returns. He said to email him when I had the money. 24 hours came and went… nothing. 48 hours, nothing. I sent a final email voicing my disgust with his dishonesty on a personal level. Father to father, thus was wrong. He called me and said the funds were released two days ago, it must be my bank and to sit tight but my account would be closed and no $40. I said I have been, but I’m hurting without that. He said its not a lot of money, I said right now it is. He said I don’t understand capitalism to which I went into full detail of how I was about to be able to step away this year from a business I worked hard to build, and have it pay me what it payed me while was there, but a separation due to a mental breakdown of a loved one and other circumstances ripped all that away from me and now this was literally a gamble in my 11th hour and was a huge mistake. I said if the money shows, I’ll owe you an apology and will say good things about you, but you shouldn’t say you can do things when you cant. It’s dishonest. I asked him about Tesler, he said he didn’t know what I qas talking about. I said the app I was signing up for when you guys called me. He said it must be one of the adds the pay for. I said, Richard, you’re better than this, hod bless you and your family. He said thank you, you too. Let me know when you get your money. Within 20 minutes my money was returned. That was 2 days ago. I’ve missed 2 calls from Richard since. That’s my story, it’s a long one, it’s true, and I don’t know how I feel about it really. I did get my money back and have had no unusual activity in any accounts or on my phone.
Hi Bobby.
I am with financial center too !
I am happy with them ,I am able to withdraw fund via shakepay!
We communicate via Anydesk,safari,exodus,shakepay
I trade with them 3times a week.
Cash out fund $3000 a month!
Funds from financial center through exodus and shake pay and transfer to my bank account.!
Hopefully it will continue this way !i look forward to stay trading with them.
So, if that’s the case, why were you researching if the program was a scam? Seems a little suspicious.
Anytime you feel is that you’re desperate for money or use that as a justification to join something you know is shady, that’s definitely the WORST and most vulnerable time to fall. In other words it’s meaningless if you would otherwise not fall for a scam, since by definition the fact that you would discard that thinking when you’re desperate for money means you’re exactly the kind of person the want to scam the most, the person who otherwise would be hard to scam but has an obvious weak point in thinking. Convincing yourself you’re not the kind they want to scam makes you more vulnerable to these soulless vampires. Sorry but that’s what they are.
In fact if you think ‘scams usually take advantage of the dumb or naive, but that’s not me, I’m just desperate’, then ironically you are exactly even more vulnerable than the last two groups you saw as more vulnerable! If you reject entirely a plan for financial freedom that involves a ‘winning the lottery’ type event, then that’s the best way to protect yourself against these leeches. I don’t mean to be rude to them but that’s who they are, bloodsuckers of innocent people like you.
Hello Dale.
Just wanted to share here for awareness. A Facebook friend supposedly commented on a Facebook post about Bitcoin Prime which featured various photos of Elon Musk. The post claimed that Elon was strongly encouraging people to use Bitcoin Prime to invest. There was a need for an initial trading deposit of $400 and an automated trading algorithm would help them make money.
I filled up my details in the online form (email and mobile number). To my surprise, someone called me within one minute and the number would seem to originate from the UK (+44). The caller on the other end was rather pushy and when we got to the page (surprised that it links to a “College for Trading” page) where I needed to provide my credit card details, I wanted time to think through and to do more research. He had mentioned that $248 was the minimum amount that was deemed necessary by financial regulation before they are eligible to invest on the client’s behalf. This seemed to contradict with his earlier statement that the investment is automated.
Told him that the card I wanted to use had to be unlocked. He seemed deaf and kept repeating his assurances that my card details would be safe, it would be similar to online shopping, etc. I the told him that I would not wish to continue and that was when he became rude. I hung up the phone after politely telling him that I would not be continuing.
I chanced upon your posts and the comments here. Convinced that I almost got scammed although there were a few warning signs (pressure tactics, contradicting information) that made me decide not to continue.
Hi Serene, thank you so much for sharing your experience here. I’m glad to hear that you avoided the scam.
I can certainly see the allure of these types of scams. I am a tech-savvy person, and very sceptical when it comes to anything involving handing over money, but even I must admit that I was tempted somewhat by this scam. I did suspect that it was indeed a scam from the start, but the fact that it was advertised on a reasonably well-policed site as YouTube did throw me for a while. I technically could afford to lose a few hundred dollars, but obviously I do not want to, and I feel deep sympathy for those who have indeed been conned, especially those who can ill afford it.
Honestly I think the worst part about it is how the scam advertisements randomly appear when one is doing something completely unrelated. In my case I was listening to songs on my own custom playlist on YouTube when the advertisement appeared in between songs, which was mainly why it threw me, as it caught me completely off guard in a situation where I would not expect to have a scam thrown in my face. I consulted my cousin, who trades cryptocurrency and is much more versed in the field of trading than I, and he was the one who pointed me to this page.
I know that it is incredibly difficult to properly screen for scams on a website as large as YouTube, but it still surprises me that a human reviewer apparently does not need to go through videos set to appear as random advertisements before they are approved, similar to how a television network needs to review advertisements shown in breaks. I would think it unlikely that a human reviewer who knows what they are doing would approve such an obvious scam. As I mentioned earlier, the main reason why I was even remotely tempted was because it was shown to me as an advertisement between songs I was listening to, which was a time when I least expected it, as my mindset was, at that time, similar to one I would have when I watch free-to-air commercial television. I sincerely hope YouTube cracks down harder on these scam advertisements, hopefully by having a knowledgeable human reviewer inspect any advertisements earmarked for random screening during other videos before they are approved to become such advertisements, much like they are on commercial television.
Hi K. Lim, you mention about TV broadcasters reviewing scams, and it’s true they do – but I actually noticed a few of these scams being pushed on TV too. Unfortunately, it seems that the reviewers get tricked just like the victims.
Interesting point. I am unsure which country you are from, but I live in Australia, and as far as I can tell I have not seen any trading scams like Tesler on Australian commercial television. The worst kind of television false advertising that I have encountered are those for products that do not perform as advertised, such as a handheld electronic pain reliever that at best relieves pain through a placebo effect, which in the grand scheme of things is not nearly as bad as a scam like Tesler, since at worst you lose a relatively small amount of money from the purchase of these “shonky” products. These kind of bad products are called out regularly by well-known consumer product review companies in Australia such as one called Choice, and in some cases, if misleading enough, are prosecuted by the Australian Competition and Consumer Commission (A.C.C.C.). Perhaps the regulation is not as good in the country you are from, but nevertheless it is unfortunate to hear that, at least in some cases and countries, trading scams (which I feel are some of the worst types of scams, since victims stand to lose potentially thousands) may be making their way onto commercial television, which I assume most people consider a trustworthy source of advertising.
Hi, yeah – it’s unfortunate. Generally, the mainstream channels have better checking in place, but if you down onto some of the lesser-known TV channels you will often see scams during the adverts (gold investment scams seem to be most common) but I have also seen trading ones indirectly advertised too. Usually, they will advertise some sort of free offer on TV that they use to grab contact details & then people are followed up with & led into the trading syle scams. Very sophisticated.
Thanks for heads up about this Tesler scam.. You just saved me $250 dollars and more stress. Cheers .
You’re very welcome Michael, so glad to hear you dodged it 🙂
It is disgusting, why dont the authorities track them down and throw them in jail. The lazy *swear word removed* that hurt the everyday person trying too make ends meet. But saying that, you really need to read the fine print. If it was me, (I would have there guts for garters)
Thankyou too the academy.
They do try, but the internet is a big place & the people behind scams like the Tesler Trading scam are very clever.
I am so gullible. That other overage guy seems way more legit than this Teslar dude. But, Bob’s program costs 1495 dollars to start. I registered and everything for teslar and then it took me to this graph page, With no information on what to do. There was a box with over 300000(real), is what it said. I am just a regular joe with no experience buying and selling different kinds of money. I hope that this guy doesn’t try anything with my information he knows where I live and has my phone number.
7 Tesler is an extremely dishonest and awful company. Must block them everywhere in internet. Idiots.
I had written around 5 comments in a very diplomatic way and explained about the reason why 7 Tesler team had to stop putting their never ending 33 minutes long publicities in the videos from youtube but i see that 7 Tesler has nothing to do with understanding the language of the kind people like me who try to explain the problems without hurting anybody. Unfortunately 7 Tesler did not want to move even his small finger for giving any feedback to me until now. So, i hope i do not have to say him “- 7 Tesler, you are definitively the biggest …hole from the world of internet.” for making him answering me ?
Why do these people keep scamming … can’t anyone stop them and buy them out of commission….🤔🤔🤔
Buy them out of commission? How do you mean?
Thank you a lot for this valuable information.Because I already was registrated,have received calls from brokers,manys….
And I was planning to invest my money.
Thank you a lot not to make big mistake.
This is so big fake,why things like that exist in internet?
I don’t know if you’ve noticed, but scams exist offline too. There will always be people operating on the wrong side of the law, whether that be online or offline. The authorities do their best, but there are a LOT of people in the world and it can be difficult for them to keep up.
Thanks Dale
Ted with the Russian Accent from tesler sounded dodgy,
Thanks for your info mate
Haha for sure. You’re welcome John 🙂
How do you stop the calls? I bet I have had over 50 calls in the last week, from all different numbers of account reps. I only signed up for the app to see what it was about and have been regretting it ever since. They claim there is no way to stop the calls. I’m going to keep a whistle close by and blow it loudly whenever I get a call.
Hi Glenn, there’s no way to stop calls like that, unfortunately.
Thankyou l also registered with Tesla a man phoned me straight away he was very impatient strange accent, l changed my mind instantly told him l would look in to it ,googled you thankyou your helping numerous people.You deserve to do well.
Thank you Jill 🙂
Hi Dale I gave them my name phone number and email address, I didnt down load the app as a broker phoned me instantly, I recognised straight away I had made a mistake, I asked him told him I wasnt interested, have I comprimised my details on my phone or am I going to to get calls from them constantly ive had 3 from different numbers as im writing this..Thanks Thomas
Hi Thomas, yes, sadly you have compromised your details & will begin getting lots of spam. At least you didn’t fall for the scam, though.
Having a second email and phone number specifically for signing up to these things is a good way to protect yourself
It is, but I’d always recommend doing due diligence prior to entering any information, that way you can 100% protect yourself.
So many comments. I to, got to the sign up page and thought this is to good to be true. Just another scam! You can trade legitimately on the forex market, but you have to learn, and do it the right way from the start. No shortcuts, no automatic trading etc, just good old fashioned hard yakka and discipline. I was scammed by metafiyielders amongst other things recently. Looked good, a company registered with ASIC in Australia here, thought it was all legit, but NOPE! Big fat scam!!
I was waiting for you to say you tried the system. Yes there are scams out here but i felt right off you were trying to come up. Smh. Just say i suspect because you haven’t given proof. When y’all post stuff like this how we know your heart is right and you not manipulating folk to not go with someone else but u. I’m skeptical about all yall
You don’t have to get scammed, to see a scam, Sheka. With regards to your claim of “you haven’t given proof”, there is solid proof in the review above. The fact that the broker is paying the creator of the system a commission 100% proves that the operation is a scam.
Thank you for the scam information, I was thinking about joining the Tesla, but I did the research and I found your info on it I’m glad I did. I knew it was to good to be true.
Glad to hear you dodged it 🙂
Hi Dale THANK YOU, you start to dream then become septic than you say but 250 is nothing, but after reading you i was happy just not to be a foul…… Keep your good work you will won Even!!! hahahaha
Hi Dave,
I’m in Kuala Lumpur Malaysia. It happened to me today. I watch youtube everyday on my way back home using my cellphone (hang to the holder). Today the tesler advert came across and I spent 20 minutes watching and starting to fall in because abraham said it is free to start.
I click the visit advertiser button and it directed me to the registration website, but the web address was a different name. I expected to be tesler dot com or something.
When I reached home I proceeded with the registration by filling name, email & cellphone number but it didn’t go through. It’s kind of weird but in a few seconds I received a call from a number from UK! Wow, so fast they reacted. I didn’t pick up coz I can smell something fishy.
I open my laptop and search for any blog or article discussing tesler then I found this. After reading your article and comments from the readers, I’m so glad that I didn’t actually pick up that call.
Thank you so much Dave.
It’s Dale, but you’re very welcome – thanks for sharing your experience 🙂
Thanks a lot you just saved me 250$.
You’re very welcome 🙂
Thank you, Dale.
Greetings from Holland
You’re more than welcome 🙂
I am surprised that there isnt a fraud department in countries that delete these sites from countries. i nearly invested with tesler also but while on the phone with a gentleman i could not understand i came here to search about tesler and found you guys. part that annoyed me is when i asked a question i was defered given a short run around. and my question wasnt answered he just tried to rush me on to the next step of registering.
They have to go through long legal battles. Also, imagine how many of these sites pop up every single day.
On Facebook as well as You Tube
I just paid deposit of £221 to firm called infinity invest they wanted screenshot of my bank balance from mobile bank app before they would open my account,flat out refused to send it and requested a full refund.The transaction is shown as pending but once they accept it will contact my bank within 7 days and dispute payment and claim a charge back of £221 this will cause concerns for the payment provider and if enough disputed payments are made they will cancel the companies payment facilities then they need to create new company and website ,it slows them down.
Hi Dale,
Your information is very helpful to avoid getting scammed. I checked immediately, if Tesler is a scam when I saw the ad on YouTube and our Prime Minister Justin Trudeau stating that Canadians don’t need to work any longer by just trusting Tesler, allegedly associated with the Royal Bank of Canada, and earn up to $5000 a day. The cherry on top was him stating that he would pay anyone $100,000 who had made a loss.
Here is my question: Was this entire ad AI generated? I know our PM would never lend himself to promoting a scam. Are you at all aware of any other famous person being used in this way?
I look forward to receiving your response.
Thanks
Hi Timm, I’m glad you found my review helpful. The ad wasn’t AI generated – it was generated using cleverly cut sequences from real video clips. It’s a very cunning tactic & can certainly make it seem like those folks are truly endorisng the scams… But of course, they’re not.