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TELA -

Score

1.91 /10
Danger

TELA

Hong Kong

2-5 years

Suspicious Regulatory License

White label MT4

Regional Brokers

High potential risk

http://www.telaforex.vip/index.html

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Comparison

Quantity 11

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index6.16

Risk Management Index0.00

Software Index7.38

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

Tela Group Limited

Company Abbreviation

TELA

Platform registered country and region

Hong Kong

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 3
Previous Detection : 2024-12-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 8 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

A Visit to TELA in Canada – No Office Found

The survey team went to Canada to visit forex broker TELA as scheduled, but did not find the company at the regulatory address. It indicates that the broker may just register at the address without a physical business office. Accordingly, investors are advised to make a sensible decision following much deliberation.

Danger Canada

WikiFX Verification

Exposure

11 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Scam platform, no withdrawal is given.

Withdrawals have not been made since April, and TM4 data has been forcibly deleted.

2024-11-04 22:28
Unable to Withdraw

Unable to withdraw funds

The position has been closed, but the funds cannot be withdrawn. It keeps showing pending review. Is it a scam?

2024-06-20 14:39
Resolved

Unable to withdraw money, always showing pending review. No explanation.

The money withdrawn on April 11th was rejected the next day. The contact person said that my bank information was not filled in and asked me to resubmit for withdrawal review. It has been delayed until now, and there is no explanation.

2024-04-18 16:32
Unable to Withdraw

Unable to withdraw funds

I met the owner of this platform named Chengxi online. She was live streaming and claimed that her platform guarantees capital preservation. I invested 100,000 US dollars, but she lost the money shortly after. Worried, I wanted to withdraw early, but she said I would have to bear a 30% loss if I did. I agreed, but she still didn't allow me to withdraw. She also owes me around 570,000 yuan. This is a private scheme, not a real foreign exchange platform. She has pocketed all the money.

2024-11-18 17:09
Resolved

Delayed withdrawals for 2 weeks

Delayed withdrawal, too slow to withdraw ...... It has been submitted for a long time.

2024-02-09 20:42
Resolved

The withdrawal failed to arriv

The withdrawal failed to arrive for more than a month. No customer service communication, nothing useful. The amount has been deducted from mt4, but it has not been received yet.

2024-05-13 17:38
Unable to Withdraw

Refusal to allow withdrawals.

They promised safety and capital preservation during investment, but once I invested, they refused to let me withdraw money. They keep delaying on WeChat without any resolution, and I still need the 100,000 RMB. Boss Cheng should compensate me quickly.

2024-11-18 16:46
Unable to Withdraw

Since April, I have been unable to withdraw funds successfully.

I initiated a withdrawal of over 50,000 in April, but the platform has been transferring only 5,000 at a time, often excusing itself by claiming lack of platform capacity! I am currently still owed over 30,000. They are unresponsive to messages and ignoring my communications! The platform has evidently absconded; everyone should be cautious. I can no longer log into my MT4 account, and all trading records have disappeared! Attempts to negotiate with customer service have been fruitless, and the operational agents just keep delaying and now do not respond at all. Please steer clear of this platform and seek help immediately. I request WikiFX's intervention to help recover the funds.

2024-08-29 02:55
Unable to Withdraw

Bad platform

Unable to withdraw profits; balance deducted for no reason; unable to contact brokerage

2023-06-04 09:51
Unable to Withdraw

Scam platform, if you are still using this platform, hurry and withdraw your funds.

It's a private platform with withdrawals controlled privately. Withdraw as soon as possible, as they are likely to stop allowing withdrawals soon. The so-called boss "Cheng Xi" is now ignoring concerns.

2024-11-25 22:45
Unable to Withdraw

Refusal to allow withdrawals, the boss is named Cheng Xi, from Hunan.

I invested $10,000, about 73,000 RMB, under a capital-preservation partnership. It was agreed that profits would be shared monthly. I gradually retrieved 57,193.26 RMB, but there's still about 16,000 RMB outstanding. Then they changed my account details and denied me access to log in. The boss, Cheng Xi, with whom I have chat records, said he would pay gradually but now ignores me entirely.

2024-11-13 21:43
    TELA · Company summary
    TELAReview Summary
    Founded2021
    Registered Country/RegionChina (Hong Kong)
    RegulationNo regulation
    Market InstrumentsForex, commodities, CFDs
    Demo Account✅
    LeverageUp to 1:400
    Spread/
    Trading PlatformMT4
    Min Deposit$100
    Customer Support24/5 support
    Tel: +86 020 84884652
    Email: tlsales@telaforex.vip

    Tela Group Limited was registered in 2021 in Hong Kong. It uses MT4 as its trading platform, and offers trading services on the forex, commodities, and CFDs markets. However, it is not regulated currently. Therefore, please be aware of the potential risks.

    TELA's homepage

    Pros and Cons

    Pros Cons
    Account segregationLack of regulation
    Demo accountsNo physical office found
    MT4 providedLack of transparency

    Is TELA Legit?

    No, TELA is not regulated by the financial services regulatory authority in China, which means that the company lacks regulation from its registration site.

    No license
    Domain information

    WikiFX Field Survey

    WikiFX field survey team visited TELA's regulatory address: 610 Constellation Drive in Mississauga, Canada. However, no physical business office can be found.

    WikiFX Field Survey
    WikiFX Field Survey

    What Can I Trade on TELA?

    Tradable Instruments Supported
    Forex✔
    Commodities✔
    CFDs✔
    Bonds❌
    Options❌
    ETFs❌
    What Can I Trade on TELA?

    Leverage

    TELA offers leverage up to 1:400. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

    Trading Platform

    Trading PlatformSupported Available Devices Suitable for
    MT4✔Web, desktop, mobileBeginners
    MT5❌/Experienced traders
    MT4 for PC
    MT4 for mobile

    User Reviews

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    User comment

    5

    Comments

    Write a review

    Tan Wei Jie
    more than one year
    Forex and metals trading is pretty smooth, no complaints there
    Forex and metals trading is pretty smooth, no complaints there
    Translate to English
    2024-07-22 12:17
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    0
    0
    Ed Miller
    more than one year
    MT4 rarely crashes, and the charting tools are good too. However, I wish the spreads were more stable, quite frustrating when volatility impacts trade costs.
    MT4 rarely crashes, and the charting tools are good too. However, I wish the spreads were more stable, quite frustrating when volatility impacts trade costs.
    Translate to English
    2024-06-28 17:02
    Reply
    0
    0
    11