TedarLive is a platform offering CFD trading in forex, stocks, indices, futures, precious metals, energy, and cryptocurrencies. Despite claiming to have extensive experience in multiple financial sectors, there are numerous inconsistencies concerning the platform's background information.
Company Background
The platform's website asserts it is a UK-registered company, registration number 11994686, and boasts 23 years of financial trading experience. However, investigations revealed discrepancies between the platform's real situation and online information. The "ABOUT US" page states the platform was established in Australia in 2013, conflicting with the homepage description.
Further inquiry indicates that UK Companies House lists registration number 11994686 as ACE COINS LTD, which was dissolved on October 26, 2021. Additionally, the content of the platform’s "ABOUT US" page is a complete copy from broker TMGM's website.
A Whois search shows that the domain (tedarlive.com) was registered on April 1, 2023, clearly contradicting the claimed establishment date and further indicating fraudulent characteristics.
Trading Platform and Software
The TedarLive website does not disclose the trading software it offers. Users can only register and trade through its self-developed web trading system. The platform claims to offer spreads from 0 pips, leverage of up to 1:500, and requires a minimum deposit of $500 to trade. The lack of clear information about its trading platform presents significant uncertainty for investors.
Investment Plans and Risks
The platform offers four investment plans: Bronze Package, Silver Package, Gold Package, and Premium Package. All the plans promise "25% potential returns," a rate significantly higher than market averages, indicating a high level of risk. The details of each investment plan are as follows:
- Bronze Package
Minimum deposit: $500
Maximum deposit: $3,499
Potential Return: 25%
Base Currency: USD
Comprehensive IT support
Referral Bonus: Yes
Hedging Allowed: Yes - Silver Package
Minimum deposit: $3,500
Maximum deposit: $29,999
Potential Return: 25%
Base Currency: USD
Comprehensive IT support
Referral Bonus: Yes
Hedging Allowed: Yes - Gold Package
Minimum deposit: $30,000
Maximum deposit: $114,999
Potential Return: 25%
Base Currency: USD
Comprehensive IT support
Referral Bonus: Yes
Hedging Allowed: Yes - Premium Package
Minimum deposit: $115,000
Maximum deposit: Unlimited
Potential Return: 25%
Base Currency: USD
Comprehensive IT support
Referral Bonus: Yes
Hedging Allowed: Yes
Investment Plan Risks
- Exorbitant Return Promises
The "25% potential return" promised by these plans is far above market averages and is rarely realistic, especially in high-risk markets like forex and stocks. Legitimate investment channels usually provide reasonable risk warnings instead of alluring investors with high returns. Such returns often depend on funds from new investors rather than actual investment profits, a classic trait of Ponzi schemes. - Lack of Transparent Investment Targets
The platform does not specify the exact investment targets for the funds, nor does it disclose any asset information, resulting in unclear fund directions and conforming to Ponzi scheme traits. - Lack of Regulation
The platform claims regulation by Australia's ASIC and Vanuatu's FSC, but provided regulatory numbers and entities do not match registered information, rendering regulatory credentials unverifiable. - Reliance on New Investor Funds
The platform relies on continually attracting new investors to pay "returns" to early investors, lacking clarity on earnings generation, indicating a highly risky operational model.
Funds Access and Payment Methods
TedarLive's website does not specify supported deposit and withdrawal methods, nor does it provide information about processing times or fees. This presents significant uncertainty for investors regarding fund transactions.
Affiliate Policies and Educational Resources
The TedarLive platform offers no affiliate policies or trading educational resources. This lack of fundamental support may leave investors without necessary guidance and assistance, increasing investment risk.
Regulatory Information
The site claims regulation from two major jurisdictions: Australia (ASIC) and Vanuatu (FSC). The Australian regulated entity is TedarLive Australia Pty Ltd, regulatory number 436416; in Vanuatu, it is Trademax Global Limited.
Checking ASIC's website reveals company number 436416 as TRADEMAX AUSTRALIA LIMITED, linked to TMGM. ASIC records show no registration for TedarLive Australia Pty Ltd, questioning its regulatory authority. Similarly, Vanuatu's Trademax Global Limited is associated with TMGM.
Company Address and Employee Information
The site claims an address at 71-75 Shelton Street, Covent Garden, London, United Kingdom, but the UK Companies House shows no record of TedarLive at this location.
The platform does not disclose its team members, and no relevant employee information is available online, leaving the actual background and management team unverifiable, posing additional risk to investors.
Website Traffic and Design Template
According to Semrush data, TedarLive's website barely receives 100 monthly visits, indicating minimal use of the platform. The platform’s templates resemble those of known fraudulent platforms like OffizielleHandelsMarktSystem, WolforexSignal, and Fidelity Options, raising suspicion due to the pattern of mass-produced templates.
User Reviews and Brand Exposure
No user reviews or related news reports can be found online about TedarLive. The platform has almost no brand exposure, making it difficult for investors to gather user experiences and feedback, further undermining trustworthiness.
Contact Information and Social Media
The platform offers only an email address ([email protected]) for contact and lacks official accounts on mainstream social media platforms such as LinkedIn, Facebook, Instagram, Twitter, and YouTube. This singular communication method severely limits platform-user interaction, increasing the risk of opaque information.
Risk Summary
The analysis highlights several risks and uncertainties with the TedarLive platform:
- Lack of Transparency: The platform fails to disclose specific investment targets and promises excessively high returns without reasonable risk warnings.
- False Regulatory Information: The site claims multiple regulatory oversight, yet provided data does not match actual registration details.
- Fraud Indicators: The platform’s domain registration date does not align with its claimed establishment date, and its template usage aligns with numerous fraudulent platforms, suggesting potentially deceptive operations.
- Unclear Deposit and Withdrawal Methods: Lack of openness about fund access methods and processing times adds significant uncertainty for investors.
- Incomplete Team Information and Contact Details: The absence of team information and social media presence makes the platform’s background and reliability hard to ascertain.
As such, there are substantial doubts about the authenticity and reliability of the TedarLive platform, and investors should exercise extreme caution when considering participation.