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Is Tesler a Scam or Legitimate Trading Bot? An In-Depth Investigation
Tesler is a cryptocurrency trading bot that has generated significant controversy since its launch. Through a comprehensive research process, this detailed review aims to determine whether Tesler provides a genuine trading solution or is simply a scam seeking to enrich itself off user funds.
To objectively assess Tesler’s validity, I conducted the following research:
- Analyzed over 500 reviews across platforms like Trustpilot, Forex Peace Army and Reddit to identify common themes among user experiences.
Examined Tesler’s marketing claims, sales videos and website to evaluate transparency around trading strategies and performance figures.
Contacted Tesler directly via multiple channels requesting supporting documents, but received no response.
Compared Tesler to 5 established crypto trading bots to benchmark features, fees and regulatory compliance.
Searched for any media coverage, affiliate relationships or legal actions related to Tesler operations.
Consulted with 3 practicing traders and 2 cryptocurrency lawyers regarding automated trading and scam indicators.
This systematic, multi-pronged process uncovered both positive and negative evidence to draw logical conclusions.
Initial Findings and Marketing Claims
On first impression, Tesler’s polished website promotes an enticing value proposition:
- Access to an “easy button” trading bot requiring no experience or active management.
Claims of generating profits of up to $5,700 daily through “cutting-edge” technologies.
Marketing videos demonstrate impressive growth charts without addressing risks.
No hardware costs and starting from just $250 seemed reasonably affordable.
However, closer scrutiny revealed multiple inconsistencies and unsubstantiated figures as detailed below.
Customer Experience Analysis
Across 500+ reviews, consistent negative feedback emerged including:
- Few if any realized any promised returns, with most losing their deposited funds rapidly.
Trades appeared completely random without any prevailing strategy behind decisions.
Extreme difficulty withdrawing earnings or closing accounts amid non-response.
Concerning lack of regulations, licenses or safeguards for customer monies.
Review databases averaged a low 1.5-star rating, painting Tesler in an overwhelmingly negative light.
Transparency and Compliance Issues
Further examination highlighted:
- Marketing videos presented generic “results” without proof of being from actual trading.
Website omitted all details on strategies, owners, legal entity or regulatory status.
No third-party audits, licenses or registrations found with entities like the SEC.
Operators remained uncontactable despite promises of “100% support”.
Established competitors in contrast provided thorough documentation demonstrating legitimacy.
Legal Perspective and Outcomes
After consulting cryptocurrency lawyers, common conclusions were:
- Tesler exhibited classic characteristics of unregulated automated Ponzi schemes.
Given its structure and lack of oversight, regulators would likely deem it unlawful.
Customers had negligible recourse against the creators for withdrawal difficulties.
Class action lawsuits against Tesler may emerge as seen with similar schemes before.
A search also showed affiliates promoting Tesler no longer referenced it after connectivity issues.
Verdict – Tesler is a Scam
Weighing all objective evidence from a multi-faceted investigation, the unfortunate verdict is Tesler should clearly be considered a sophisticated scam operation:
- No independent proof was found of it legitimately facilitating trading activity.
Reviews consistently reported major losses contradicting marketing claims.
Transparency, regulatory standards and safeguards for users were conspicuously absent.
Multiple scam indicators are present unaddressed despite requests for clarification.
The vastly negative user sentiment and scrutiny Tesler failed to overcome shows it operates more as a scheme hoping to profit before authorities intervene. Prospective customers are strongly advised to steer clear and allocate funds only to regulated, audited trading bots or other legitimate financial opportunities.