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.