Score
TELA
Hong Kong|2-5 years| http://www.telaforex.vip/index.html
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
White Label
ChinaContact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Hong KongA 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.
CanadaA 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.
Canada
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
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Website
telafx.com
Server Location
United States
Website Domain Name
telafx.com
Server IP
54.157.61.45
-
telaforex.vip
Server Location
Hong Kong
Website Domain Name
telaforex.vip
Server IP
47.243.83.113
Company Summary
| TELAReview Summary | |
| Founded | 2021 |
| Registered Country/Region | China (Hong Kong) |
| Regulation | No regulation |
| Market Instruments | Forex, commodities, CFDs |
| Demo Account | ✅ |
| Leverage | Up to 1:400 |
| Spread | / |
| Trading Platform | MT4 |
| Min Deposit | $100 |
| Customer Support | 24/5 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.
Pros and Cons
| Pros | Cons |
| Account segregation | Lack of regulation |
| Demo accounts | No physical office found |
| MT4 provided | Lack 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.
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.
What Can I Trade on TELA?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| CFDs | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
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 Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Web, desktop, mobile | Beginners |
| MT5 | ❌ | / | Experienced traders |
Keywords
- 2-5 years
- Suspicious Regulatory License
- White label MT4
- Regional Brokers
- High potential risk
Review 14
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Review 14
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688时尚
Hong Kong
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.
Exposure
11-25
柳锁凤
Hong Kong
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.
Exposure
11-18
FX1128183986
Hong Kong
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.
Exposure
11-18
耿远红
Hong Kong
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.
Exposure
11-13
688时尚
Hong Kong
Withdrawals have not been made since April, and TM4 data has been forcibly deleted.
Exposure
11-04
688时尚
Hong Kong
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.
Exposure
08-29
11158
Hong Kong
The position has been closed, but the funds cannot be withdrawn. It keeps showing pending review. Is it a scam?
Exposure
06-20
688时尚
Hong Kong
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.
Exposure
05-13
688时尚
Hong Kong
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.
Exposure
04-18
messi139
Hong Kong
Delayed withdrawal, too slow to withdraw ...... It has been submitted for a long time.
Exposure
02-09
乘914
Hong Kong
Unable to withdraw profits; balance deducted for no reason; unable to contact brokerage
Exposure
2023-06-05
Ed Miller
United Kingdom
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.
Neutral
06-28
Tan Wei Jie
Singapore
Forex and metals trading is pretty smooth, no complaints there
Positive
07-22
SUN2995
Hong Kong
The variety of trading options kept things exciting and their client support was impressive. Also, the separation of client and operational funds really stood out to me.
Positive
05-15