Teslin Finance Bank – On its website https://teslinfinanceplcs.com/, the online broker has claimed to be a financial service provider. Accordingly, investors could expect high profit margins. At the time of writing, the website of the service provider was no longer available.

If you have invested capital with the provider Teslin Finance Bank and are now experiencing problems with the payout, our lawyers can advise you throughout the German-speaking countries.

Teslin Finance Bank – How should the online broker be rated?

Currently, there is an extremely high number of providers such as Teslin Finance Bank. This means that it has never been so easy, but also risky, to invest in the volatile financial markets.

Precisely because there are so many options, choosing a broker can be time-consuming and intimidating. Especially if it is to suit your individual investment plans.

Are you considering investing money with Teslin Finance Bank? In this case, the following points are important for you as an investor.

  • Access to transnational stock exchanges becomes more convenient and affordable for money investors through online investing.
  • With online trading, you can choose from a wide range of order types.
  • An ideal address for investors who want to learn about stocks, futures, binary options and cryptocurrencies is a website like this one.

The information below is general advice for investors – regardless of the platform you invest in.

Is Teslin Finance Bank authorised by financial regulators?

Both financial markets and investor protection benefit from codes of conduct and organisational responsibilities. Equity services companies and firms such as Teslin Finance Bank must comply with a number of regulations. The same applies to their employees. This is to avoid conflicts and associated disadvantages for investors.

This includes the obligation of the service provider to inform its corporate clients about the most essential features of a share deal before it is concluded. This counts for the specific investor as well as for the investment itself. According to this very idea, extended facts are required for clients who wish to engage in highly speculative or risky transactions.

Towards their corporate clients, firms like Teslin Finance Bank have a duty of care. This goes far beyond making an offer or service available.

Does the provider have a licence to sell financial products? It is essential that you determine this. For this purpose, you can consult the broker check list of a financial regulator and enter the brand name of the financial service provider in the search mask.

Does Teslin Finance Bank require payments abroad?

Is it beneficial for you to transfer funds to a country outside Europe? Look carefully at what you are doing. Quite a few investors have already lost assets in this context. You may lose track of where your money is going and how it is invested.

When capital has been made available to a company, it has already happened many times that the online broker did not invest the transferred amount of money as agreed or not at all. There have also been cases where the company simply did not exist, even though it presented itself as Teslin Finance Bank.

Apart from the regulated financial service providers, there are a lot of dubious online trading platforms, where in most cases the procedure is almost identical. New investors are contacted by employees of the respective trading website. For example, by telephone, after the customer has provided non-binding contact information on the service provider’s website.

In several cases, however, they are also contacted by mass e-mails. These entice the customer with seemingly lucrative investments.

The investor is promptly provided with his own online broker, who instructs him on how to set up a trading account and make the first transfers. The investor initially feels well supported and online trading usually starts with small amounts.

But soon higher investments are demanded – often to foreign accounts. These deposits are intended to increase the possible profits.

Obstacles with dubious providers ultimately arise when the investor wants a payout. This is often withheld again and again or linked to further payments such as alleged taxes and commissions.

In the past, the criminals only operated from dubious locations. At present, they are active from very different locations such as the United Kingdom (including London), the Netherlands, Canada, the Kingdom of Spain, Dubai and others.

For the vast majority of people, it is difficult to expose tricky scams. Companies often receive e-mail orders with huge order volumes that bear no relation to the typical purchase amounts. To lure the German company, they proceed with immense promises of profits.

However, the considerable order volume only serves as a means of pressure in the communication with the manufacturer in order to demand correspondingly excessive approval and registration costs.

It is not always possible to ascertain whether the addressee of this payment is also the purchaser of the products. Nevertheless, it can be assumed that suppliers who are active abroad will not have to pay regional tax levies on deliveries to other countries in the near future. Clarify whether this also applies to investments with Teslin Finance Bank.

What are the disadvantages of the grey capital market?

Only a small number of financial market participants such as Teslin Finance Bank are subject to official regulation and supervision. In the grey capital market, investment service providers position themselves that do not even require approval from the Federal Financial Supervisory Authority and only have to fulfil a few regulatory basics.

Only make an investment in the grey capital market if you are convinced of the liquidity of the provider and know it as a company. As already mentioned, the Federal Financial Supervisory Authority has no control at all over these providers.

The grey capital market offers a wealth of options. There are:

  • Corporate investments
  • Direct investments such as in timber, precious metals or other commodities
  • Loans with subordination clauses
  • Profit participation rights and other hybrid forms of bonds
  • Ordinary bonds
  • Crowdfunding offers

One thing is certain: it is unclear what the final outcome will be for the investor.

Do you find it difficult to see through the offer on offer? If so, you should gather as many facts as possible before making a choice.

Don’t invest in anything you don’t fully understand! When it comes to investments, the more expertise you need, the more complicated the financial instrument.

It also doesn’t make sense to focus all your money on one product. Spread your risk beyond Teslin Finance Bank.

To avoid being swayed to your disadvantage, it is recommended that you always focus on the product itself rather than the brand name or the presentation of the financial service.

Broker charges taxes and other transactions?

Buyers are often wooed by an “online broker” or a call centre employee as soon as they have set up an account on the apparent trading platform. The intention is to encourage investors to increase their long-term investments in order to maximise profits. This is also an initially legal goal of the broker Teslin Finance Bank.

Shortly after the investor has transferred his money, preliminary profit developments are presumably displayed on his account. This should encourage the investor to invest steadily in the financial instrument.

However, the website operators can simulate improper account changes and profits by using fraud software, even without the client noticing.

Make sure that the accounts can also be authenticated with Teslin Finance Bank.

In reality, no trading takes place at all on many platforms. Rather, the deposited assets are transferred by the fraudsters to accounts outside Germany’s borders. This is not noticed by the investors at first.

The “financial service providers” delay the disbursement of the income presented by demanding the payment of allegedly due taxes and commissions from the investors. The deceptive manoeuvres only serve the purpose of increasing profits.

Sooner or later, communication breaks down completely. The money invested is no longer there. From this point on, the only way to take the necessary steps is to go to a lawyer.

What commissions can accrue with online trading?

Before investing, find out from Teslin Finance Bank how much of your investment amount will be used to cover costs, fees and commissions. This is a good time to take a comprehensive look at the information provided by the service providers!

Investors must be notified of all estimated costs and their impact on the return from financial service providers. In addition, remuneration must be presented individually.

As soon as you request a presentation of all costs, the financial service providers are obliged to give you this info.

For obvious reasons, a service provider such as Teslin Finance Bank is usually interested in as many trading transactions as possible. In many cases, the costs are so high that it is difficult to make a profit. The costs can even eat up the invested assets in a very short time.

Therefore, be sure to take the costs into account! The broker’s trading fees must be visible to everyone. The transparency of the cost structure is also stipulated in the legal rules and regulations.

In the event of a violation, the service provider’s licence can be revoked.

Repayment from Teslin Finance Bank – Involve a lawyer

If you have already made investments with Teslin Finance Bank and would now like to get them back, there are various ways to proceed.

  1. Assuming that no solution with the service provider is conceivable, there is the possibility of filing a complaint with the responsible financial supervisory authority. The supervisory authority controls the case and may order the provider to pay compensation. Our client then receives this amount of money back from the provider. The addressees for complaints can be, for example, financial authorities or the Financial Ombudsman.
  2. Often, a solution to the problem can be worked out directly with the provider. In many cases, we can reach out-of-court settlements with the platform operators. Our clients then receive their complete transfer sum or a share of it back.
  3. If there is a suspicion that the accounts to which our clients have transferred funds are part of a money laundering scheme, these money accounts can be blocked. Payments into these accounts can then be reclaimed from the receiving bank.
  4. In the event that payments have been made to accounts abroad, the foreign financial supervisory authorities and financial institutions can also be informed. They will then often initiate their own investigations. This also has the purpose of securing funds in the accounts and then transferring them back to our clients.
  5. Should the perpetrators be arrested, the claims of the injured parties can be asserted in court proceedings. To this end, we take our clients through the so-called adhesion procedure. In this way, we are able to obtain court titles for our clients against the operators of the platform. Often, these can then be enforced directly into the seized money of the perpetrators.