Review of the Activities of a Deceptive Broker
One of the largest scammers known as TeleTrade has frightened gullible depositors with false information. This dubious company continues its dark deeds on the website teletrade.ru.
History and Licenses
The goal of TeleTrade is to deceive people, and for this, they have acquired licenses from CySEC, the Central Bank of the Russian Federation, and KROUFR.
KROUFR is a private firm that monitors financial markets and profits from licenses. CySEC is a symbolic area in Cyprus where the Financial Commission pretends to be decent. And the Central Bank of the Russian Federation turned out to be a bit mysterious.
Trading Conditions
TeleTrade offers trading in 28 currency pairs, CFDs on stocks, and metals.
The Standart account is suitable for both beginners and professionals. There are no restrictions on deposits, commissions, or account maintenance fees.
Scammer Methods
TeleTrade employs various deception methods using modern technologies. They lure clients through mobile apps, bloggers, and the merits of fake reviews.
Scam Scheme
After enticing clients to the website, they fall victim to manipulations and persuasions by managers. A crucial moment is putting clients under pressure and creating fake profits for further exploitation.
Depositors’ Reviews
A real-life incident from a client proves the sinister path of TeleTrade. Fresh reviews of bad practices disappear from the Internet, but there are many victims.
Conclusion
The story of our acquaintance should teach you. Naive hope for easy earnings can lead to a financial disaster. Beware of TeleTrade and similar companies!
