TESLA

TESLA is a trading brand operating under the domain teslasmore.com. The broker was established on 23 October 2025 and is registered in the United Kingdom, though its registered address is listed as 11 Grace Avenue, Ste 108, Great Neck, New York, 11021, USA. This dual location may raise questions about its operational domicile and the jurisdiction under which client funds are held.

The broker presents itself as a provider of CFD trading services, covering assets such as stocks, gold, oil, and indices. However, the website is currently locked behind an access code, making it impossible to verify the full scope of services or any detailed information about the trading environment. As a result, this profile is based solely on publicly available registration data and limited online presence.

According to FXCanary's records, TESLA does not hold any regulatory licence from a recognised financial authority. This means the broker is not supervised by bodies such as the FCA, CySEC, or ASIC, which typically enforce minimum standards for client fund segregation, negative balance protection, and dispute resolution.

The absence of regulation is a significant risk factor for traders. Unregulated brokers may operate with little accountability, and in the event of a dispute or default, clients have no recourse to a formal ombudsman or compensation scheme. Traders should exercise extreme caution when considering an unregulated entity.

TESLA offers five account tiers, each with a substantial minimum deposit requirement. The 'TEST' account requires a minimum deposit of $500, while the 'BASIC' account demands $8,999. The 'STANDARD' tier starts at $25,000, and the 'BUSINESS' account requires $100,000. There is also a 'BEGINNER' account with a $1,000 minimum deposit.

Notably, none of the account types list a maximum leverage figure. This omission makes it difficult to assess the potential risk and reward profile of trading with the broker. The high entry thresholds, particularly for the BUSINESS account, suggest the broker may target well-funded or professional traders, but the lack of regulatory oversight undermines this positioning.

TESLA does not publicly disclose the specific trading instruments available on its platform. The website snippet mentions trading on stocks, gold, oil, and indices via CFDs, but no detailed instrument list or contract specifications are provided. Similarly, no information is available regarding the trading platform used—whether it is proprietary or a third-party solution like MetaTrader 4/5 or cTrader.

Given the restricted access to the website, it is not possible to verify the execution model, spreads, commissions, or other trading costs. Traders should seek this information directly from the broker before committing any funds.

Details about funding methods and withdrawal policies are not available from the known facts or the public-facing website. The broker does not list accepted payment methods, processing times, or any associated fees.

The lack of transparency around deposits and withdrawals is a common red flag among unregulated brokers. Traders should be wary of potential complications or delays when attempting to access their funds.

TESLA's high minimum deposit requirements—starting at $500 and escalating to $100,000—suggest that the broker is targeting traders with significant capital. However, the absence of regulatory protection and limited transparency make it unsuitable for most retail traders. Beginners or risk-averse investors are advised to seek fully regulated alternatives.

The broker's risk score of 57/100 (Elevated) from FXCanary reflects these concerns. Potential clients should conduct thorough due diligence and consider the implications of trading with an unregulated entity before opening an account.