TELA Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-28 14:42

Abstract：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.

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.