The world has gone through a lot over the last 2 years. We have come off a global pandemic which hit economies hard. The war in Ukraine has hit consumers hard because of the commodity driven countries that are at war, causing inflation. To top that off the middle east is now fighting.
It’s such a pity that when people are feeling vulnerable, the criminals descend to capitalise. Our founder, Quinton Ralph has written an article, also featured in this month’s newsletter, to you regarding the BHI Ponzi scheme that broke out over the last month. Off the back of that, there has been a new scheme that has gotten traction which I will explain below. We are warning clients with reviews that I am linking from research that I have done.
What is the scam?
According to global fraud protection.com:
One glance at Tesla X Trading will instantly make you doubt the legitimacy of this platform. The scammers repeatedly use the name of Elon Musk, combined with SpaceX and Tesla, to appear as if these individuals and companies have something in common. One comparison between the homepages of Tesla X Trading, SpaceX, and Tesla will quickly show you that something is very wrong with this company.
We can easily dismiss this company as a complete bogus company almost instantly. However, this would not be a proper Tesla X Trading Review if we didn’t do our diligence and researched the company background. The company is active in the EU and US region, both of which have very strict regulatory standards.
There isn’t a lot of information available. The company doesn’t have a Terms and Conditions document on the website. Any legitimate investment firm publicly displays their licenses and authorization. It is the most important aspect of conducting any online business.
We have checked the company registers of the most prominent financial regulation bodies worldwide. The databases of FCA, BaFIN, CySEC, NFA, ASIC and FINMA have no information about this firm. This is solid evidence that this broker operates without a license, which means that they are a dangerous unregulated firm.
There are bogus reviews about how its working:
Here is how Tesla X Trading brags about their own service:
“I’ve been a user of Tesla x Platform for several months, and I must say it’s a commendable platform, especially for individuals new to online investment. While there are areas that could benefit from improvement, that seems to be the case with most platforms. […] “
“I must say, this platform is fantastic! It’s straightforward, and the customer service is top-notch. They really value each member of the club and even offer personal calls. I started with just $250, and now my balance has reached $5,000. I couldn’t be happier with the results. Thank you so much! […] “
How Does Tesla X Trading Attract Their Victims?
The main way to attract new victims to this broker is through the involvement of “Account Managers”. We know them as Boiler Room Agents. It is their job to constantly dial phone numbers and pester people to invest.
Be it the stubbornness of the Boiler Room Agent, or their inherent charisma and persuasiveness, they will eventually find a mark. Scams like these are known as Boiler Rooms, and Rich FX is another example.
What are the claims:
This faux investment firm claims that their artificial intelligence trading bot has a 98,7% accuracy, which is frankly speaking impossible.
How Can I Withdraw from Tesla X Trading?
The lack of clearly defined Terms and Conditions works in the scammers’ favour. Without this document, they can invent any reason to prevent a withdrawal from their platform. If you have issues withdrawing from company, consider seeking legal intervention from our team of experts.
Conclusion:
We are suggesting that clients be vigilant against scams and too good to be true promises. The world is going through a rough patch at the moment, and people are more susceptible to false or misleading statements. Please be aware and kindly war others or direct them to a conversation with us.
