Reported as a scam / unregulated
Why TELA GROUP LIMITED is on the register
TELA GROUP LIMITED claims to be registered in Hong Kong, China. It purports to have been in the market since 2014, but its domain name was registered at the end of 2021. This inconsistency is a red flag for a potential fraudulent platform. Our search in the register of the Hong Kong Securities and Futures Commission (HK SFC) doesn’t return any corresponding records, indicating that its financial services or products are neither licensed nor supervised there. Additionally, the purported partnerships with Citibank and other renowned entities only exist on its website, making them baseless and untrustworthy. This is a fraudulent operation. In essence, TELA GROUP LIMITED is not regulated by any governing body. Entrusting it with investors’ funds is highly risky, as there are no legal protections in place to safeguard the funds. TELA GROUP LIMITED appears to be a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.