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TELA -

Score

1.89 /10
Danger

TELA

Hong Kong

2-5 years

Suspicious Regulatory License

White label MT4

Regional Brokers

High potential risk

http://www.telaforex.vip/index.html

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Comparison

Quantity 12

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index6.34

Risk Management Index0.00

Software Index7.13

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

Tela Group Limited

Company Abbreviation

TELA

Platform registered country and region

Hong Kong

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 3
Previous Detection : 2025-04-30
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 9 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

A 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.

Danger Canada

WikiFX Verification

Exposure

12 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Scam platform, if you are still using this platform, hurry and withdraw your funds.

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.

688SHISHANG
2024-11-25 22:45
Unable to Withdraw

Refusal to allow withdrawals.

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.

FX1128183986
2024-11-18 16:46
Scam

Tela doesn't allow withdrawals, the agent is unreachable, a complete scam platform.

Scam platform, manipulating funds through various channels, withholding withdrawals, MT4 account was deleted. Contacted the agent, Chengxi, through certain channels but they denied responsibility and keep stalling! There are numerous difficulties in withdrawing funds.

688SHISHANG
2025-04-17 18:29
Unable to Withdraw

Unable to withdraw funds

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.

LIUSUOFENG
2024-11-18 17:09
TELA · Company summary
TELAReview Summary
Founded2021
Registered Country/RegionChina (Hong Kong)
RegulationNo regulation
Market InstrumentsForex, commodities, CFDs
Demo Account✅
LeverageUp to 1:400
Spread/
Trading PlatformMT4
Min Deposit$100
Customer Support24/5 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.

TELA's homepage

Pros and Cons

Pros Cons
Account segregationLack of regulation
Demo accountsNo physical office found
MT4 providedLack 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.

No license
Domain information

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.

WikiFX Field Survey
WikiFX Field Survey

What Can I Trade on TELA?

Tradable Instruments Supported
Forex✔
Commodities✔
CFDs✔
Bonds❌
Options❌
ETFs❌
What Can I Trade on TELA?

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 PlatformSupported Available Devices Suitable for
MT4✔Web, desktop, mobileBeginners
MT5❌/Experienced traders
MT4 for PC
MT4 for mobile

User Reviews

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User comment

4

Comments

Write a review

Tan Wei Jie
more than one year
Forex and metals trading is pretty smooth, no complaints there
Forex and metals trading is pretty smooth, no complaints there
Translate to English
2024-07-22 12:17
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SUN2995
more than one year
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.
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.
Translate to English
2024-05-15 14:02
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0
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12