Terema Invest Review: Why We Deem This Platform Unreliable

Terema Invest is an anonymous online trading platform that supports Forex and CFD trading with high leverage. However, the legal background of the entity behind this relatively new website is unknown.

We decided to analyze what the website offers in our Terema Invest Review in order to give a final verdict on this platform. Be sure to read our review to learn more about cyber schemes and how to identify them.

Legal Info: Is TeremaInvest Regulated?

Terema Invest Inc. does not exist anywhere except on its own website, which, by the way, has no legal documentation available. No company register has any data on this entity. Therefore, it is evident that this is an anonymous website rather than a legitimate brokerage firm.

Our conclusion is supported by the two regulatory warnings we found against the platform. Namely, on October 9, 2023, the Spanish CNMV flagged Terema Invest as an unauthorized trading scheme. 

Just a few days later, the Italian CONSOB also issued a warning against the phony broker, putting it in the same fraudulent bracket as LQDFX. Trading with unlicensed providers is one of the worst decisions you can make because you won’t be entitled to negative balance protection, segregated funds, or a compensation scheme contract. 

You should find a regulated broker operating under the supervision of a reputable financial authority such as the FCA (UK), CFTC & NFA (US), ASIC (Australia), IIROC (Canada), MAS (Singapore), CySEC (Cyprus), etc.

Who Are Terema Invest’s Targets?

According to godaddy.com/whois, the teremainvest.cc website domain was created on May 3, 2023. Since then, the financial swindler has been targeting mainly unsuspecting traders who reside in the following countries:

• Spain;
• Italy;
• Mexico.

Each of these jurisdictions is unique in a certain way in terms of regulations. Terema Invest has no authorization to operate in these countries, which can be seen from the regulatory warnings we found.

The illicit broker is not compliant with the common regulations in force in Spain and Italy. For instance, Terema Invest offers a maximum leverage cap of 1:200 whereas the legal limit in the European Economic Area is 1:30 for retail clients.

Trader Reviews – Sharing Experiences

We checked several trading forums and found only one review on scamadviser.com. Unfortunately, it is a complaint because the victim lost more than 100k dollars to this scammer.

It seems that withdrawal issues are inevitable on this platform. Furthermore, the data from webparanoid.com shows that the broker’s website has extremely low traffic, thus debunking Terema Invest’s claims of having 83,000+ clients.    

Please avoid trading on unregulated platforms and instead stick to licensed and transparent brokerage companies that provide safe trading conditions.     

Which Trading Platforms Are Available?

Terema Invest offers a custom trading platform called Terema InvestTrader. It supports popular trading assets such as Forex currency pairs, indices, commodities, and stocks. Since it is browser-based, it can be accessed via both PC and mobile devices. 

We are unfamiliar with the software or its features and were unable to check it because there is no demo account option. Web platforms offered by the likes of Terema Invest and GoldenrodFX are usually manipulated to make funds disappear under suspicious circumstances.

Therefore, you should stick to licensed providers that support credible and recognized third-party trading software such as MetaTrader 4, MetaTrader 5, or cTrader if you want to utilize cutting-edge tools such as automated trading, live market reports, API integration, and advanced charting.

Available Live Account Types

Leverage, Spreads, Commissions, Demo Account

The maximum leverage that Terema Invest offers is 1:200. High leverage allows traders to control larger positions with a relatively small amount of capital. Although it can amplify potential profits, it also significantly increases the risk of potential losses.

The Start Account offers spreads from 3 pips, according to the website. This is double the industry’s standard for most Forex major pairs, meaning that competitive trading is impossible. If you want tighter spreads, you have to invest a considerably larger amount of money. Commissions were not disclosed.

And the worst thing is that there is no risk-free demo account. If you are a newbie, you should not be risking real money straight away. Instead, try out the platform with virtual funds first. Every legitimate brokerage firm nowadays offers a demo account. 

Deposit and Withdrawal Process

Terema Invest listed three available payment methods that can be used to fund live accounts:

• Credit/debit cards;
• Wire transfers;
• Piastrix.

The website states that the minimum deposit requirement is 300 USD and that there are no deposit fees. Yet, the withdrawal side is unknown since the legal documentation is unavailable.

In case you deposited funds via MasterCard or VISA credit/debit cards, you can request a chargeback at the issuing bank within 540 days and reverse the transaction. Wire transfers can be reversed via a recall but this action can only work for transactions that are not yet complete.

Key Facts To Consider About Terema Invest

To sum up our review, Terema Invest is an anonymous Forex trading broker that operates without a license. This website mainly targets users from Spain, Italy, and Mexico.

The platform was recently flagged as a scam by the Spanish and Italian regulators. We do not recommend this platform because it is unregulated and blacklisted. In case you’ve already deposited funds into your account, you must seek our professional help to recover your money!

Use the form below to book your free consultation with Scam Brokers Reviews and tell us more about your case. Our team will gladly guide you through the chargeback process and assist you every step of the way.

Book your consultation with us today and start the chargeback process.

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