General Information About the Broker
Telarax (telarax.com) launched in February 2025 per WHOIS data. Their site promotes CFDs on forex, stocks, crypto, and indices. Despite slick presentation, they provide almost no company transparency. Domain age under three months is common in shady broker sites.
Claimed Licenses and Regulation
Telarax broker review finds no FCA, CySEC, or ASIC registration. BrokersView warns: website just over three months old, unregulated. On May 7, 2025, CONSOB ordered the site blocked in Italy for illegal services. No valid licence undermines any trust or investor protection.
Trading Conditions
They advertise five account tiers and tight execution. Still, no pre-registration data on spreads, leverage, or commissions. No costs are listed clearly before deposit. That hides real risk from uninformed traders.
Trading Platform and Technology
Telarax offers a web‑based “Orestpa” trading interface. They claim SSL, AML/KYC, and 256‑bit encryption. Yet there’s no proof of live trade execution or credible technology.
Client Reviews and Feedback
Reviewers.io shows a 4.16 average score, mostly positive. However, most testimonials appear generic and unverified. BrokersView and Zorya Capital label Telarax a scam. The Telarax broker review reveals misleading user feedback.
Potential Scam Strategies
Telarax likely uses polished design to lure investors. They allow small initial withdrawals to build false trust. Then they block or request extra fees on larger withdrawals. Investor funds may become inaccessible with no valid recourse.
Expert Opinion
With fake licensing, regulatory blocks, and dubious reviews, Telarax broker review shows high risk. CONSOB and BrokersView warnings confirm illegal services. The discrepancy between claims and reality is concerning.
Conclusion
The Telarax broker review exposes clear scam signs. They lack legitimate regulation, hide costs, and delay withdrawals. We strongly advise avoiding Telarax entirely. Instead, choose brokers regulated by FCA, CySEC, or ASIC. Always verify licenses, fee transparency, platform proof, and real reviews before investing.
