Overall, crypto trading has been considered dangerous. But it becomes even more hazardous if you trade with unregulated brokerages or exchanges, and it is even more dangerous if you use auto-trading software allegedly designed by famous tech guys.
All these combinations are highly possible when you want to trade with an unlicensed firm. Luckily, this Tesla X Trading review will help you stay away from those.
| Regulated by: | No regulations |
| Is This Company Safe? | No |
| Known Websites: | |
| Have Warnings from: | N/A |
| Registered in: | N/A |
| Operating since: | 2023 |
| Trading Platforms: | Web-Based |
| Maximum Leverage: | N/A |
| Minimum Deposit: | 200 EUR |
| Deposit Bonus: | N/A |
| Trading Assets: | Cryptocurrencies |
| Free Demo Account: | No |
| How to Withdraw from This Company? | Considering the misuse of celebrities and zero transparency you can definitely expect a wide range of issues with this platform. At first glance of the problem, get in touch with our refund experts to get started with the funds’ recovery process. |
Legal info: Is Tesla X Trading Legit or A Scam?
In the first place, it looks like Tesla X Trading doesn’t bother sharing any legal information. Allegedly, this software was designed by Elon Musk himself. But have you ever seen it posted on his X account? Probably not. It’s complete nonsense. The biggest issue is that this platform operates as an affiliate program.
Once you register, your personal information is sold to who knows where—but definitely not to a legitimate company. Therefore, you have to stick with common sense and avoid this company completely.
Who are Tesla X Trading’s Victims?
Even though the company presents us with fake Tesla X Trading reviews, they don’t reveal where those clients come from. That’s quite suspicious, but luckily, analytical tools can show us what countries they mainly target. Those are:
- United States
- Germany
- Canada
- United Kingdom
- Turkiye
However, if you know about regulations, you will also know that most of these countries strictly regulate investment services. So, if you are from the UK, for example, and the brokerage assigned to you is not FCA-regulated, you better run. In case you are already in that situation, contact our refund team as soon as possible.
Traders Reviews
As can be seen, Tesla X Trading reviews are only available on the company’s website. However, there is no other independent website or platform where traders talk about it. Based on these reviews, you might think the company is legit.
Yet, these reviews don’t seem too relevant. This is especially true since the company is using Elon Musk’s name to its advantage. Nevertheless, if you truly have experience with this software, let us know what broker you were working with. Also, don’t hesitate to contact us directly if you experience any trouble.
Leverage, Commissions, Spreads, Fees and Taxes
Another key issue with the Tesla X Trading platform is that no fees are allegedly involved. With a platform that reportedly has an accuracy of 98,7%, they should be charging it a lot. And the moment you realize it’s not the platform they offer is when you realize you are redirected to another firm.
Therefore, all conditions solely depend on those brokers. Your future also depends on them. And if you read our LDN Global Markets review, you will find out that’s not the best option.
Bonuses
Since the Tesla X Trading app has the mentioned outstanding results, there’s practically no need for any bonuses. After all, the app generates free money for you since no costs are included.
However, keep in mind that some scam brokers might use bonuses to attract traders into deposits.
Tesla X Trading Trading Features
Overall, everything with the Tesla X Trading investment platform goes around the automation of crypto trading. With the crypto volatility and extremely high leverages these companies probably offer, it’s quite easy to make big returns. Fictive, of course, since nothing is properly regulated there.
Trading Platforms Available
One of the biggest failures of such platforms is that these are all allegedly web-based ones. So, they present you that in a way that you don’t have to download anything. But in reality, this allows them to share the platform with multiple shady brokerages. Mostly ones that use also WebTraders with apparently integrated auto-trading systems.
On the other hand, if you choose a tier-1 license broker that uses cTrader or Meta Trader, you won’t have to worry about those mind games.
Available Trading Assets
Even though the Tesla X Trading scam doesn’t specify what cryptos can be traded with it, you can practically guess it. Most likely the most popular ones. Such as:
- Bitcoin
- Litecoin
- Ethereum
- Dogecoin
- Shiba, etc.
Account Types
Generally, to access the Tesla X Trading bot, you just have to complete the registration form. Consequently, you’ll be redirected to a specific brokerage, most likely the best in your area.
To get started with them, you are required to deposit as low as 200 euros. For additional benefits and options, traders must consult with their designated brokers.
Mobile Trading App
As mentioned, this trading app has not been developed for iOS and Android devices. Therefore, you will have to access your bot via a browser, and that’s already too much trouble. Why simply not use MT5 and have it all in one place? To see what platform tricks can also be used against traders, read our Tokencan review.
Demo Account
Unfortunately, with any of these affiliated campaigns traders don’t have any proof the software works. Only the kind words of samaritans behind the software.
Sadly, none of those brokers would also allow you to use a demo account. If that’s not a sign there’s something shady happening, nothing will be.
Education
Of course, the Tesla X Trading crypto AI software doesn’t include any educational programs. After all, software is doing everything for you. Your job is just to deposit money and relax. But if that’s the case, why don’t they simply use it themselves and make a fortune?
Tesla X Trading Withdrawal
Important to note is that the Tesla X Trading withdrawal depends only on the broker you are assigned with. Apparently, withdrawals are processed within 24 hours.
Yet, with unknown policies and conditions, you never know when obstacles can arise. Such as verification problems, fees, or anything else. This is not possible with a fully transparent tier-1 licensed firm.
Customer Support
When it comes to contact options, the company is quite conservative there. To keep their anonymity at the highest level they only provide an e-mail address for contact. That doesn’t comply with the mission of the company that created such an outstanding system.
Oh, right, they didn’t.
Key Information To Consider About Tesla X Trading
Generally, whatever you look at with this campaign, you will find something unclear—starting with ownership details, legal information, contact options, and most importantly, costs and proofs. With this in mind, you know there’s something wrong with it. Not to mention that nobody truly talks about this platform.
Therefore, if you invested in this campaign, let us know more about your experience. After all, once our experts analyze your case, they can advise you on further steps, even if you need to recover your money. Also, you can book the consultation right away and stop wasting any time. Get in touch now.
FAQ Section
What is Tesla X Trading?
Tesla X Trading is an affiliate campaign offering a crypto trading bot that was allegedly developed by Elon Musk.
Is Tesla X Trading Legit?
No. With zero transparency and proof the software works, this company is far from legitimate. On top of that, they mislead traders to believe it’s Elon’s work.
How to Recover Money From a Scam Broker?
It depends on the funding method you were using, but the best option is a chargeback. For all options, contact our refund experts for a free first consultation.
Source:
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