teslaxminingtrading is a CFD broker whose official domain was registered on May 31, 2024. This broker primarily provides investment services in forex, stocks, options, cryptocurrencies, and copy trading markets for retail and institutional clients. It does not offer services to countries and regions where it may violate local laws or regulations.
Company Registration and Regulatory Status
According to public information available on teslaxminingtrading's website (teslaxminingtrading.live), the broker operates under the trading name “Trading FX Elon-Mining” and is supposedly regulated by the Financial Services Authority (FSA) of San Diego, California, with the securities dealer license number SD018. However, on the “Why teslaxminingtrading” page, it lists its trading name as “Wealth For Homes Best Trading.”
In fact, there is no such entity as the “Financial Services Authority (FSA) of San Diego, California.” The broker is using information from the Seychelles Financial Services Authority (FSA), and the company with license number SD018 under the FSA is Raw Trading Ltd, a known entity of the broker IC Markets. teslaxminingtrading is fraudulently using IC Markets' regulatory information, and as of July 3, 2024, its domain registration is less than two months old.
Therefore, teslaxminingtrading (teslaxminingtrading.live) is actually a fraudulent broker site with no corporate entity or regulatory oversight.
Account Opening Process
To open a trading account with teslaxminingtrading: Visit the broker's website, click "Open an Account" or "Sign up" at the top right corner of the page to access the account registration page. Fill in the required personal information such as name, phone number, and email, set a login password, and submit. After verification, the account will be successfully registered.
Trading Account Information
The official website of teslaxminingtrading does not disclose the types of trading accounts offered, spreads, trading leverage, margin call/stop-out levels, trading commissions, minimum/maximum trade sizes, maximum position/order sizes, or minimum price increments.
Trading Platform
teslaxminingtrading claims to offer the MT4/MT5 trading platform, but its download links are not accessible, and the broker cannot be found on the MT4/MT5 platforms.
Deposits and Withdrawals
teslaxminingtrading supports deposits and withdrawals via Skrill, PayPal, Mastercard, VISA, NETELLER, and UnionPay.
Summary:
Traderknows reminds investors that teslaxminingtrading is a fraudulent broker website that has stolen regulatory information from IC Markets. In reality, it has no corporate entity or regulatory oversight. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as a "Suspected Fraud" on Traderknows.
