“Tesler review” – Is Tesler trading app legit? Or a scam? – With the advent of cryptocurrency in the market, most traders and brokers have come together to form various trading platforms. These trading platforms allow users to communicate, trade, monitor and do market stuff with cryptocurrency.
Although these trading applications provide a relative way of trading cryptocurrency, one must get his hands on the right one to get effective results. This is important since most trading applications don’t provide substantial ground for trading effectively.
Tesler is one of these trading platforms that offer users a chance to trade in cryptocurrency. It’s based on the same mode of workability and performance as other platforms. However, there have been speculations about it that don’t deem it a trustworthy platform to be used for trading, which is why we’re here to find out:
Why Do People Use Trading Applications?
The reason for trading applications that allow users to trade in cryptocurrency using money exist is that most people don’t know what or how cryptocurrency works. These trading applications are built in order to assist customers in trading with other traders and earn money via the process.
Moreover, these applications are designed to bring brokers and traders closer to the market. Another competitive element of these platforms is the insight given into market fluctuations. Perhaps the primary reason for most users to even opt for these apps is that they allow automatic trading based on the condition of the market.
This makes it a lot easier for beginner-level users to work with different currencies without having to deeply involve themselves with the fluctuations in the market. In other words, these apps are a great way to earn a short amount of side income. Open an account with Tesler now! However, for larger transactions, one must be willing to understand the market and trade themselves.
So What Is Tesler Trading App?
Like other trading platforms, the Tesler app gives users the liberty of trading using various cryptocurrencies. One of the best reasons for this app to exist in the market is that it’s formulated for beginners and provides a good deal of assistance in understanding the mechanics of how things work on the platform.
Furthermore, the automated trading app makes it easier for the users to invest and carry out various transactions based on the money invested. In order to work on the platform, users will have to first register themselves on the app and then proceed with using their account for trading purposes.
How Does It Work?
Like other trading applications, the app comes with various currencies and countries that can be used for trading purposes. The app gives a 90% return on the decisions/ trading made by the users on the app.
Although it’s not as much as other platforms in the market, it’s still enough to give a solid return, given that the processes are handled in a legit manner. As most trading apps give manual and automatic modes of trading, the Tesler offers the same instances too for the users.
Apart from that, it has a list of verified brokers and traders that work with the users providing them with trading assistance. This is done to enable beginners to safeguard their investment while understanding the mechanics of the platform.
Another good thing about the application is that it allows users to define the roles that they want to take up during the signup. Here, roles are defined as pro-traders, mediocre traders, or beginners.
The automatic mode is usually built for beginner and mediocre traders since they’re still in the learning phase. The manual mode gives users the true sense of utilizing the true power of the market and their knowledge, which is why it’s only recommended for users that have a legit way of dealing with market fluctuations.
Pros And Cons Of Tesler App
Now that we’ve seen some of the basics of the application, it’s time to look into some of the perks and cons of the platform to give users a better idea:
Pros of Tesler
It’s time to look at the potential pros for the Tesler that will help assimilate why it’s one of the leading platforms for trading:
As highlighted earlier, one of the best things about the trading app is that it offers a simple operating interface for the users. It’s important to give insights into how the trading platform works because without them the users will be lost.
In addition to this, not knowing how the app works will most likely result in users taking wrong decisions and then blaming the application for ruining their trade. However, the Tesler app isn’t difficult to operate and gives a reliable outlook of how things work on the app.
Software Support Trades
Another good reason for the application to run in the market is because the software support trades. It helps improve serviceability and gives the users a chance to work on various trades across different states and currencies.
In addition to this, it gives real-time insights into the market that one can consider before making the jump into any trade. What’s more appealing about it is that it gives an edge over the competitors in terms of closing the deals quickly with the insights that it provides.
Users that are manually trading on the platform can apply their knowledge and skills while closing the deal. It can give effective returns and can help boost profit by manifolds.
Reliable Customer Service
Another great reason that you should be carefully considering what trading platform you’re using is customer service. There are times when transactions don’t go the fullway due to technical glitches or issues.
However, that doesn’t mean that one should be left hanging in the phase without any assistance. When it comes to facilitating the clients, Tesler offers a good deal of customer care, making it easier for the clients to secure their transactions.
In addition to the solid customer care offered by the platform, the simple to use interface has guidelines that are aligned to offer a learning experience for the users. Moreover, it gives an effective approach for the users to get things sorted on their own.
If in case the customers feel stuck, can’t figure anything out, or face any issue regarding trading, financing, closing the deals, etc. then the customer service is promptly available to give robust assistance right away.
Free Demo Accounts
We’ve mentioned that the application comes with manual and demo accounts. The demo account is available for the users to trade without facing the issue of losing their money due to poor trading practices.
The reason is that most beginners often dive into live trading without having prior knowledge regarding how the market works. However, the demo accounts simulate a live trading experience using virtual practice funds.
These funds are allocated to the users when they create their accounts on the platform. It’s also useful for grasping the operations of the app while being familiarized with how trading works. In addition to this, the demo account also gives a good sense of coordination with online brokers and traders that can be chosen for trading assistance.
Low Initial Investment
It’s obvious that trading applications require real money to let the users trade. However, investing too much in the app is something that no one would like to go for. That is why when something like this comes up, most users often back out since they’re afraid of getting scammed and losing their money.
However, with Tesler, the investments remain secure while providing you with the choice of investing and increasing your wealth via trades. The least amount required for opening the account on the application is $250, which is almost the same as other applications.
In addition to this, the users can get demo and manual account settings when they opt for the account creation after the initial investment has been made. Although this process may bother some people since they cannot use the app without investing before.
On the other hand, the investment process makes it easier for the application to create a list of legit users that are online for trading. It also makes it easier for the traders to know that every user they’re encountering on the website is legit and has created their account after the initial payment.
Traders and Brokers
A good thing about Tesler is the list of traders and brokers that are available for the users to work with. These traders help the users trade on the market without having to go into complexities.
However, users must know that traders and brokers will not be helping in making high-end transactions or trades. This is because the market fluctuates every second and if something goes sideways, the user will most likely blame the trader for it.
That is why whenever a user opts for a broker or a trader from the platform, it’s only for minimal transactions or for securing the position of the users. In case you want to experience high-end trading, you’ll have to enter manual mode and do it yourself.
Cons of Tesler
Now that we’ve seen how the application gives amazing benefits to its users, it’s time to look at some of its downsides too:
List Of Brokers Is Limited
Perhaps the primary reason for the app not being suited for most users is because it has a low and limited number of brokers that are up for assistance. Users don’t have the liberty of choosing which broker they want to work with which is frustrating too.
In addition to this, the limited number of brokers makes it uneasy for the users to work with someone of their choice. Also, the users must have to comply with their terms and ways of workability, which makes it a hassle for many.
Somewhat Limited Options
Another reason Tesler review gives us to vary the platform is the limited options with the application. It doesn’t give accurate insights into the workability and market fluctuations as other trading platforms do.
Moreover, working with the brokers make it difficult for the users to learn effectively or to trade openly. Plus, without reliable market insights, users aren’t able to make solid decisions, which is why it’s not recommended to go for the application’s workability.
So What’s The Deal With Tesler?
Just like all other trading applications, the Tesler also faces criticism in terms of scamming people. From stealing investment money to making false transactions and giving insecure payment storage, multiple claims have been made against the application from various users.
However, the justification presented by the app’s founders and management says the same as the app’s review. The Tesler review shows that it does have some ambiguities; however, that’s because of technical glitches that occur.
On the other hand, the app advises users not to dive into manual trading before they know how the market works. The primary reason for the users to lose money is the issues in their trading practices. However, those complaining about transactional loss are in process of dealing with the customer service from the app.
Most reviewing platforms have taken the side of the users in terms of losing money and not having effective returns. It’s true that the platform offers 90% return and doesn’t provide effective intuition for market evaluation. However, the scenario comes to the point of self-evaluating when making trades, where the claim falls on the user’s end.
Considering the Tesler review and the insights into what makes the application so promising, it can be said that its performance is legit. However, some practices, technical issues, and lack of proper knowledge are some of the reasons that lead users to lose their money. Reviewers are of the idea that users must hold a solid background in terms of trading using cryptocurrency because of the extreme volatility of the industry. Not having such technical expertise is most likely to fail users, irrespective of the application or platform they use.