A letter from Sergei Shamraev, Managing director of TeleTrade DJ International Consulting (TeleTrade EU)
We often encounter fraudulent use of our brand, because Teletrade is one of the most famous forex brands in the world. Recently, together with law enforcement agencies, we stopped another attempt to use the company's brand for fraudulent purposes. At our request, regulatory authorities have closed websites such as www.teletrade24.net and www.teletrade24.com, which impersonated our brand. Also, relevant statements on behalf of the company and the victims were sent to the police. As a rule, a client “that registered” on such sites transferred money to foreign jurisdictions to companies that do not actually provide brokerage services. Naturally, there was no talk of the possibility of withdrawing money back. Such fraudulent use of the Teletrade brand is detrimental to the company's operations. We are working together with law enforcement agencies in order to prevent similar manipulations with our brand, as well as to bring the fraudsters to justice.
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Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.
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TeleTrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and is licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.
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