Tesla Coin is advertising as an online trading platform “built to ease the rigidity of trading digital currencies.” However, there’s no crucial information we’d expect to see from a broker.
Therefore, we wanted to find out as many details as possible and present them to you. Read our unbiased Tesla Coin review and learn how to recover your hard-earned money if scammed.
If this were true, the company would need to be on the FCA register. However, we can immediately tell you they’re not because FCA banned crypto CFDs in 2021. And yet, this is the only trading asset on offer with Tesla Coin automated bot.
To conclude and close the burning question – is Tesla Coin legit? No.
We checked Tesla Coin reviews on Trustpilot as our first source of user feedback. While there are only four comments, all of them are negative. Customers describe how they were scammed and constantly harassed by broker employees.
A similar situation can be seen on Quora, where people describe their experience with this fraudulent company. No, there’s no magical trading bot. And yes, the losses are very real.
According to a traffic report, the majority of their clients come from:
Whenever an offer sounds too good to be true, it probably is. Better pass on it.
Tesla Coin uses various fraudulent tactics and fake celebrity endorsements to entice investors. As the name suggests, they encourage the connection between the platform and Tesla company. Of course, it couldn’t go without mentioning Elon Musk, a Tesla founder and big crypto supporter.
However, all these fake ads serve to lure you into a trap. Once you click on any of them, you transfer your phone and email to broker employees. It’s their chance to start calling and extorting money, promising everything and anything.
In fact, Tesla Coin support is only available when you need to deposit. Reviews say they’re highly persistent until you ask for a payout. Then, you won’t hear from them again.
Tesla Coin offers its investors a browser-based trading platform. They claim to employ new technology and AI to predict the movements of the crypto market. However, is it really true?
Well, according to user experience, it’s not. Namely, clients say they were lured into depositing a minimum of $250 but never got any trading robot. In fact, they were asked to trade themselves without having any prior experience.
This is why trading with reputable brokers is crucial. Most of them have reliable trading platforms, such as MT4, MT5, or cTrader.
The Tesla Coin app is available for Android and iOS devices. However, it contains no special features, just like the WebTrader. All you can do is log in to your trading account and see your money vanishing.
As the name suggests, this crypto platform only offers digital coins, such as:
Additionally, they claim to offer their proprietary TeslaCoin (TES) for mining on the Ethereum technology. On top, they claim that the coin was not publicly traded, but we found it listed on several exchanges, including Binance, where its price at the time of writing was $0.002359.
We’re unsure if the coin and the fake bot are related, but be careful. Ensure you read everything about the investment opportunity before paying the money.
Tesla Coin withdrawal methods are not explicitly listed. This is quite odd, considering that any legitimate company aims to be transparent. Yet, we know this one is nothing but a scheme.
Since we have already concluded that the platform is not genuine and their coin is worthless, it’s a big question if you will have what to withdraw. We assume that you’ll see your balance growing while you’re paying, then it will suddenly be zero once you request a payout.
We’ve seen it happen too many times. If you find yourself in a similar situation, don’t hesitate to contact us.
Let us know if Tesla Coin or any other trading brokerage scammed you. Our chargeback experts and CipherTrace crypto analysts will evaluate your case and find a way to assist.
Don’t be ashamed. Your story can help us urge the authorities to react and ban the scheme. Further, we can prevent others from being defrauded and assist you with preparing a detailed report about where your money is and how to recover it.
Our consultation is free of charge and entirely non-obligatory. Get your appointment today!
Tesla Coin is an unregulated trading bot claiming to employ AI technology for better results. If you were scammed by this broker, we might be able to assist you.
Tesla Coin’s minimum deposit is $250, and there’s no free Demo account.
Tesla Coin has a mobile trading app for Android and iOS devices.
Tesla Coin is an unregulated trading bot claiming to employ AI technology for better results. If you were scammed by this broker, we might be able to assist you.
Tesla Coin’s minimum deposit is $250, and there’s no free Demo account.
Tesla Coin has a mobile trading app for Android and iOS devices.
The post Tesla Coin Review: Is This Trading Bot Going to Help You Earn? appeared first on Global Fraud Protection.
