7Tesler Review 2022 - Scam or legit app?

7Tesler
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7Tesler is a new cryptocurrency trading bot that has been making waves in the community. Some people say it's a scam, while others swear by its legitimacy. So, what's the truth? Is 7Tesler legit or not?

The Bot allegedly uses advanced techniques for trading cryptocurrencies, which has made it quite popular among users.

This 7Teslar review dives into the inner workings of the trading bot. It unpacks its features, pros and cons, and makes a case for whether or not you should use the bot.

Our Investigation Result: 7Tesler seems legitimate!

Having undertaken extensive research and investigations, we can assume that 7Tesler may well be a legitimate crypto trading platform. All claims made by the platform appear to be accurate.

If you are interested in signing up for a free account with 7Tesler, then use the link below to get started and an account manager will walk you through the process.

 

7Tesler Summary

Minimum Deposit 

$250

Fees and Commission

0.1%

Claimed Success Rate

90%

Supported Cryptocurrencies

5+

Deposit and Withdrawal Fees

None

Trading Platform

MT4

Demo Account 

Yes

Verification

KYC

Regulations

CySEC regulated broker partners

Table of Contents

What Is 7Tesler?

7Tesler is a brand new cryptocurrency trading platform created to automate profitable trading so investors can be profitable with little effort. It is particularly beneficial to new investors who would prefer a hands-off approach to investing in cryptocurrency, while still making a profit.

The platform offers 24/7 trading capabilities, allowing users to profit from trades even while sleeping.

It is powered by an AI algorithm that studies price patterns, monitors news trends, predicts the best buy and sell times, and executes sub-second trades that benefit from price changes.

The bot works with regulated brokers to enforce stop losses and take profit levels, and access user funds. Once set up, 7Tesler will run in the background unencumbered, making trading a semi-passive income stream.

Who Created 7Tesler?

7Tesler was created by an anonymous group of developers from some of America's top Colleges who have extensive investing experience. This team created the "7Tesler Trading Strategy" which is at the core of their algorithm.

Their algorithm uses artificial intelligence and machine learning to spot price patterns and predict the right trading opportunities in the global crypto market.

Unfortunately, there isn't much information online about the personal information of their team, so you should proceed with caution.

How Does 7Tesler Work?

7Tesler works like many other automated crypto trading bots, such as Bitcoin Prime or Oil Profit. The automated platform identifies potential trading patterns by analysing historical data and drawing relationships to current market data.

From this analysis, the bot can execute trades right before a positive price movement, making traders on the platform a nice profit. It can also do this automatically thanks to its AI-powered algorithm.

However, there is no guarantee of profits, and traders should be aware that all trading carries a degree of risk.

The platform is designed to be simple enough for beginners to use while also offering more advanced options for experienced traders. There are no fees for using the platform, making deposits or withdrawing your funds. However, there is a 0.1% fee for each trade made.

The bot works with regulated brokers to manage client funds and implement risk management policies.

The minimum amount of capital you can get started with is $250.

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Pros & Cons

Pros

  • Suitable for beginners
  • No prior experience is necessary
  • Free withdrawals
  • 24/7 customer service team

Cons

  • $250 is the minimum deposit
  • Some alternative bots do not charge trading commission

5 Key Features of 7Tesler

Demo Account

7Tesler offers a demo account for newbies to practice their trading strategies before being exposed to the open market. Often referred to as paper trading, demo trading allows users to see how 7Tesler performs under normal market conditions.

This will allow you to see whether you want to use 7Tesler by testing it out in a simulated environment, without risking your money.

Fast Withdrawals

Withdrawals are free on 7Tesler. However, another key feature of the platform is that withdrawals are also fast and pain-free. Other platforms make it unnecessarily difficult or long to withdraw your funds, but 7tesler usually deposits your funds within 24 hours.

As a result, traders can move money in and out of their accounts at any time.

Affordable fees

7Tesler does not charge fees for using its bot. Signing up is free, deposits and withdrawals are free from the bot’s end, and using the bot is free. However, there is a 0.1% fee per trade.

Signing up feesZero
Withdrawal feesZero
Account feesZero


Beginner friendly

7Tesler has a simple UI which makes it straightforward for beginners to use the tool and make trades.

That being said, we do advise that you do your research into how to use the tool and this involves spending some of your time familiarising yourself with the platform

24/7 Customer Support

7Tesler has a 24/7 customer support team available to help you with whatever questions you have. You can email, call or web chat with their dedicated team. This feature is especially useful for beginners who need help with using the platform.

Start Trading in 3 easy steps

Open a Free Account

You need to register your account by providing your name, phone number, email address and your country of residence.

Make a Deposit

The minimum amount you should deposit is $250. In order to deposit your funds, go into your account and look for the 'deposit' option.

Start Trading

Define the trading parameters and preferences including stop loss and take profit limits to ensure risk minimisation.

Factors to Consider Before Using 7Tesler

Verification System: 4/5

All new accounts must be verified. You’ll need ID documents like a driver’s licence and a utility bill or bank statement to verify your account after registration.

Costs and Fees: 5/5

With traditional Bitcoin trading services and platforms, you have to worry about several transactional costs like commissions, withdrawal fees, funds storage charges and other expenses. That's not the case with 7Tesler as it offers a completely free trading experience with no hidden costs aside from the transparent 0.1% commission fee.

Payouts: 4/5

Payouts occur relatively quickly, usually within 24 hours of a request. All you need to do is fill out a withdrawal form and wait for your funds to hit your brokerage account.

Customer Service: 5/5

Customer support on 7Tesler is available 24/7 via email, calls, and web chat. Agents are on standby to help set up your account and fix any issues you may face.

Deposit and Withdrawal Limits and Methods: 4/5

To begin using 7Tesler, you’ll need to deposit a minimum of $250. You can deposit using credit cards, PayPal, and bank transfers. There are no withdrawal limits.

Affiliated Brokers: 4/5

When registering for a 7Tesler account, you can choose from a list of affiliated brokers. These brokers are established with a long-standing reputation in the cryptocurrency market. They are also regulated.

User Testimonials: 4/5

Independent third-party reviews are a reliable way to gauge service delivery. 7Tesler robot has hundreds of positive user testimonials across different platforms that endorse it as a reliable trading bot. This shows that individuals have used the trading bot to consistently earn profits.

How Does 7Tesler Compare to other Automated Cryptocurrency Traders?

7Tesler is just one of many crypto trading robot platforms out on the market. Some of them offer a purely cryptocurrency-based service, whilst others off other investment asset classes like stocks or forex.

Here are some alternative trading robots you can review:

  • Bitcoin Prime: This platform is one of the more popular options and allows you to explore opportunities in the Bitcoin trading market

  • BitIQ: This crypto trading bot trades all sorts of cryptocurrencies if you are looking to explore more options than just Bitcoin.

  • Ethereum Code: This bot is designed to work solely with ERC-20 coins on the ETH blockchain

  • Oil Profit: This auto bot focuses on the commodities market and will look to execute profitable trades in the oil market.

Each platform has its strengths and weaknesses. 7Tesler will be more suited to some traders than others. This is why it helps to research the platforms first, so you know what they can help you with.

Is 7Tesler a Legitimate Autotrader?

7Tesler's website shows that multiple traders are currently using the tool to earn returns on their investments. Also, there are several testimonies online that corroborate 7Tesler as a successful trading bot.

Then again, with little to no available information on the platform's founding team, you do need to be cautious when signing up for the online tool.

Is 7Tesler Safe?

From our research, 7Tesler appears to be a safe platform. However, we have also seen that not all claims made on their site can be verified.

Their website claims that its traders have made 6 figure returns in less than a few months. This is an exaggerated statement which is hard to believe.

That being said, it appears that most traders have earned some money and have had a positive experience with the platform.

5 Reasons to Use 7Tesler for Trading

CySEC-Regulated Brokers

7Tesler is an online trading platform, which means it uses brokers to operate. 7Tesler has partnered with CySEC-licensed brokers. These brokers have a wealth of experience in the crypto market and are all accredited.

Leverage trading

7Tesler offers leverage trading. This is the use of borrowed funds to increase your trading position in a bid to magnify profits (or losses). 7Tesler offers leverage trading of up to 1:5000

Trade without emotion

7Tesler allows you to take the emotion out of your investments. Trades are made based on a pre-determined, and ever-evolving, algorithm. This math-based approach, combined with hard data, allows you to invest unemotionally.

Risk Management

Using 7Tesler, you can set up strict risk management systems which will mitigate loss in your portfolio. You can also test your risk management policies in 7Tesler's demo account before risking your capital in the market.

High potential returns

7Tesler claims to have a 90% success rate. While this number is likely an exaggeration, it is clear that traders are seeing positive average returns.

What is the Best Way to Trade With 7Tesler

The best way to trade with 7Tesler is by using the automated mode. This mode allows you to set your preferences and have the bot trade automatically according to them. You can also choose a broker, which will be used for trading.

The Bot Settings:

When you first start trading with 7Tesler, you will need to set up your bot settings. This includes choosing your risk level, investment amount and other preferences. It is important that you set these up correctly as they will determine how the bot trades for you.

Broker Selection:

7Tesler offers several CySEC-licensed brokers for traders to use. You can select from this list or use another broker if you prefer. Whichever broker you choose, make sure that they offer CFDs on cryptocurrencies as this is what 7tesler trades in.

Trading in Automated Mode:

Once your bot settings are all set up, you can switch to the automated mode and let the bot do all the work for you! The robot uses pre-determined algorithms which have been backtested and refined over time to maximise profits.

Has 7Tesler Ever Appeared On TV?

While researching 7Tesler, we found several claims that 7Tesler had appeared on popular TV shows. However, after a thorough investigation, we found that none of these claims was true.

Dragon's Den

Dragon's Den is a popular British show where startups pitch to venture capitalists in hopes of securing funding to take their venture to the next level. 7Tesler did not appear on the show as claimed.

Shark Tank

Claims were also made that 7Tesler appeared on the US show Shark Tank. However, again, this is not true, as we found no evidence of 7Tesler ever appearing on the show.

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Has 7Tesler Ever Been Endorsed by a Celebrity?

We found further claims online that 7Tesler had been recommended, or endorsed in some way, by A-list celebrities. Once again, our investigations proved these rumours to be false.

Jeff Bezos

No, Jeff Bezos has never endorsed 7Tesler. The Amazon founder likely has no idea what 7Tesler is as he has never shown interest in crypto trading bots.

Elon Musk

Despite 7Tesler sounding a lot like Elon Musk's company "Tesla", there is no relation between the 2 entities. Elon Musk has never used the platform nor publicly endorsed it.

5 Tips for Using 7Tesler Safely and Managing Risk

Start Small

Many new investors make the mistake of putting all of their money into a single trade, which is very risky. The first rule of trading is never to use more than you can afford to lose. This way, if a trade doesn't work out in your favour, it will not compromise your financial situation.

Learn about cryptocurrency

Take the time to learn more about the crypto market. Major events like token unlocks or new centralised exchange listings could significantly affect the price of cryptos. Learning more about crypto puts you in a better position to make profitable decisions. You can incorporate your knowledge into your crypto strategy to increase your profit potential.

Save Profits

While it is tempting to put all of your profits back into trades when you are on a roll, it's hardly a smart trading strategy. When you are trading through 7Telser, it is recommended that you make a habit of saving a certain percentage of your profits. For instance, you can set aside 50% of your profit to ensure you don't lose all of your money if the next trade isn't favourable. 

Document Your Trades

Keep track of your trades and transactions, first for analysis, as a review of your trading style and decision-making criteria can improve your trading, and second for tax purposes. Countries are beginning to develop crypto tax frameworks and you wouldn’t want to be on the wrong side of the law.

Stay Updated About Cryptocurrency Developments

If you want to become an exceptional crypto trader, learn about trading from experts and keep yourself updated on the latest news and developments. This will allow you to grow as an investor and develop a certain temperament, which is an essential personality trait of top traders.

How to Use 7Tesler - Step-by-Step Guide

To begin using 7Tesler:

1. Register for an account on 7Tesler

The first phase of registering for an account requires an email address and a phone number. After creating the account, you’ll need to submit KYC documents like an ID and proof of address.

2. Complete the registration form

While registering, 7Tesler will refer you to a partner broker. You’ll need to sign up for an account with one of them if you do not already have one. Similarly, you’ll need an ID card and proof of address document. However, some brokers may require proof of your source of funds.

3. Decide on a trading strategy

This is where you can try new strategies, use already existing ones, or develop your custom strategy. To begin, set an entry, stop loss, and take profit prices.

4. Practice using the demo account

Ensure your strategy works as intended by first testing it in the demo account. In the demo test, you are training the model to recognise the specific parameters of your strategy in the market, making execution more efficient.

5. Make a deposit

You can now deposit funds into your account to begin trading. The minimum deposit is $250 sent to your broker, not 7Tesler. Check the broker’s deposit methods and limits for more accurate details on what payment channels are available to you.

6. Set up automatic trading

Setting up automatic trading involves formulating values for the key parameters in your strategy. Every strategy has an entry point, an exit point (also called take profit), and a stop loss.

The entry and exit points are pretty straightforward: price points where you open and close the trade, respectively. However, the stop loss is a price point below the entry level for buy trades where the bot will close your position if your trade doesn’t work out.

Stop-loss is a risk management policy determined by the amount of money you are willing to risk for every trade. A rule of thumb is to never risk more than 3% of your total account value on a single trade. Going by this, you should place your stop loss at a price where the loss will be less than 3% of the total value of your trading account. 

Final Thoughts

7Tesler is a trading bot that helps users automatically to trade Bitcoin and other cryptos. The software is powered by a machine learning model that analyses previous price data to find recurring patterns. It then executes winning trades when these patterns are repeated in the market.

With a user-friendly interface, a free trading system, a demo mode, and quick withdrawals, 7Tesler offers a compelling trading solution for both beginner and experienced traders. However, before you start trading, ensure that you are only investing what you can afford to lose and minimising your financial risk.

Before jumping in, ensure you are comfortable with their processes and limits. For example, the minimum you can deposit is $250, and a 0.1% commission is levied on each trade.

To open an account, sign up on their registration page and verify your account. Decide on a strategy, deposit your funds, and watch the bot make you money. For more details on how to get started with 7Tesler, read our step-by-step 7Tesler section.

Review Methodology

We review crypto robots by aggregating various tests, reviews, and testimonies across the web, allowing us to give you a balanced view that accounts for multiple perspectives. Check out our why trust us and how we test pages for more information on our testing process.

We are aware that the internet is full of false testimonies: there are several purported trading robots out there that are, in fact, scams. For this reason, we find it important to compare information from across the internet in our 7Tesler review.

Frequently Asked Questions

Is 7Tesler a scam?

No, 7Tesler is not a scam. It is a legitimate cryptocurrency trading bot.

Is 7Tesler a good investment?

7Tesler has a lot of promising features. However, the anonymity of its founders is a concern for some. Users are advised to proceed with caution.

How do I sign up for 7Tesler?

Signing up for 7Tesler is as simple as visiting their website and filling out the registration form.

What is the cost of 7Tesler?

7Tesler is completely free to use. However, there is a 0.1% commission on trades.

What profit should I expect from 7Tesler?

A $250 deposit can make you $1000s in a few months, however, this is not guaranteed.

Disclaimer: All testimonial photos are stock imagery and do not represent the people behind the feedback.