After looking at the video sales letter, as well as the inside of Tesler App, we don’t recommend this product to our readers at all. Some people out there might pitch you that this Tesler binary options app is the best automated robot, but we will tell you that is not the case.
You see, binary options trading is not a new thing and there are already tons of software like these being sold online in the past few years. Since then, some of these apps are getting improved from one time to another, some of them don’t.
While making money online is real, and in fact is getting bigger every year, too bad falling into Tesler app scam is actually a big mistake for newbies.
Tesler App is actually about binary options trading
Like being explained before, Tesler App is a binary options auto trading software. Trading currencies or stock is not a new thing. In fact, there’s tons of resources and information about those all over the web, whether free or paid.
Binary options trading, on the other hand, is a new style of trading, where you just need to choose whether to call or put. By using certain indicators, as well as analyzing the results of news, you can tell whether the price of a certain asset is going up or down. For instance, if you think that the currency pair, let say, EURUSD, is going up, then choose call. Otherwise, if you think that this pair is going down, then choose put.
What is automated trading
If you are into trading for 2 minutes, you should realize that indicators can help you making the decision whether when to buy or when to sell. Therefore, if you can use software to trade, then you can automate the process. But still, most automated trading software being sold on the net are a complete joke, based on our research and experience.
Tesler App is actually about binary options automated software
First of all, the claim on the Tesler App (tesler.co) website is obviously a fake. There is no way you can earn $237 per hour with binary options trading, unless if you deposited tons of money inside your binary broker account.
The first thing when we saw the Tesler App website, we thought that they had created a mobile app for binary options. Heck, there is even buttons to download this app on Google Play. However, once you clicked on the website, they will send you to a page that almost looked like that it was broke.
The trading app itself is so simple that nobody will be able to profit from this
Another issue with Tesler app is the fact the trading software itself doesn’t give you full control over your budget or what kind of indicators or strategies that you want to choose. All you can see is set some “strength above” number. We don’t think that anyone can make money with this app and we also don’t think that the creators themselves know what they are doing.
CFD Stocks is actually not a regulated broker
If you choose to use this app anyway, you will be asked to deposit money into the recommended binary options broker, called CFDStocks. CFDStocks is actually not a regulated binary options broker. In other words, once your money is inside, there is no way to withdraw them back.
In case you are new to trading and broker selection, you should realize that there’s a big difference between regulated binary options broker and unregulated ones. Regulated binary options broker gets their license from government agencies, such as CySEC, ASIC or FSA UK. Their license numbers are stated clearly in their about page, as well as the agencies involved.
Unregulated binary brokers on the hand are risky. They don’t follow the law and once your money is inside, there is no way to get them back.
Red flags about Tesler App
#1: There is no way to control your risk. As you can see above, the interface of this app makes no sense on how this product can make you money, let alone control your risk. If you are into trading for 2 minutes, probably you will realize that there are no trading systems in the world that can guarantee 100% winning rate. There is always chances that you will lose your money sometimes.
#2: You cannot choose a good broker here. Like being mentioned, usually binary options products like these recommend unregulated binary brokers. Even worse, Tesler App recommends only one broker, which is a massive red flag for us.
#3: It is actually not 100% free. The only thing that is free here, is the fact that you can sign up for free, in exchange for your phone number and email. However, in order to test and see how this software works, you need to deposit real money into the recommended broker account, which is very bad.
Verdict about Tesler App product
This is actually just another pitch for newbies to jump into binary options trading. Newbies who are new to making money online want results fast and they want to those to be automated. Even better, if all the systems are free.
Where to go from now?
Real, legit binary options software don’t have outrages claims in their website because there is no need to do so. Plus, you can even see how the software works on a demo account before depositing real money on the line. Check out our #1 recommended software here or you can also see our tutorial section for more information.