Tierra500 Review – An Unregulated Trading Fraud
As forex trading continues to gain popularity, the number of brokers has skyrocketed. One of these brokers is Tierra500, which claims to offer investors access to a wide range of financial instruments and trading tools.�
Yet, our breakdown revealed that several red flags suggest this broker is unreliable. In this Tierra500 review, we’ll take a closer look at the broker’s operations, services, and policies, and reveal the unsettling truth that we’ve uncovered.
|Unlicensed Scam Brokerage
|Blacklisted as a Scam by:
|TIERRA GROUP Ltd
|London, W1W 7LT Great Britain
|Yes, BTC, ETH
|Types of Assets:
|Stocks, Crypto, Commodities, Funds, Bonds, ETFs
|Free Demo Account:
|Accepts US clients:
Is Tierra500 a Fraudulent Company?
Upon inspecting their website, Tierra500 is not beholden to any regulatory agency. This raises a cornucopia of bright red flags. This is an obvious misstep on their part and should dissuade you from entrusting them with your investments. To make matters worse, they collaborate with sites that peddle “automated trading software,” a notorious breeding ground for odd activities. Their London address may seem legit but we cannot confirm that it is.
In essence, Tierra500 is yet another in a long line of forex brokers operating outside regulatory oversight. This places your valued capital at grave risk, as there is little recourse for you should they abscond with your funds. Beware of these treacherous waters, as they teem with scary predators eager to make a meal of unsuspecting investors.
Note: These unscrupulous scammers have been targeting traders from Sweden, Germany, Canada, and Lithuania with deceitful schemes. Also, the broker in question lacks licenses from FCA, ASIC, and BaFin, which are among the most stringent regulatory bodies. As a result, they do not comply with Tier 1 regulations, which could be worrying.
Tierra500 claims to offer commission-free trading and numerous financial instruments, but our analysis uncovered red flags suggesting the broker is erratic and potentially a scam.
Financial Watchdogs’ Cautions
It has recently come to light that this particular company is nothing more than a non-existent entity, fabricated by crooked individuals to fool other people. The Austrian Financial Market Authority (FMA) has issued a warning to the public, cautioning against any dealings with this sham business.
Potential investors must heed this warning and refrain from this fraudulent enterprise. With key data pointing to the fact that this is a fake company, it is crucial to exercise extreme caution and perform thorough due diligence. This is essential before investing in any entity.
Trading Platform and Other Apps on Tierra500
Tierra500’s trading platforms seem easy to use but trick people into investing their money. The desktop, web, and mobile versions have many features, but they are not genuine and only exist to deceive traders.�
Smart order routing technology is a fake feature used to hide fraud behind the scenes. The optional automated order routing function is a trick to make traders think their investments are secure. But really, there are no real trades and profits.
Tierra500’s Trading Assets and Instruments
Tierra500 claims to have an impressive selection of assets, but it’s wise to approach their claims with caution given their history of suspicious activity. According to its website, Tierra500 offers the following products:
Besides, they claim to have access to securities such as IPOs, warrants, ADRs, and precious metals.
Tierra500 Countries Of Service
Tierra500 is a broker that has been targeting people from Sweden, Germany, Canada, and Lithuania with its deceitful schemes. This unethical behavior is a warning sign for traders considering investing in a broker.�
It’s essential to conduct due diligence and research on any broker before investing. This is crucial especially if they have a track record of targeting specific regions with dishonest activities. Traders from these countries should be particularly cautious when dealing with Tierra500.
Tierra500 – List of Account Types
Tierra500 offers 4 account types: Basic, Bronze, Silver, and Gold. These accounts may appear to be a range of options for traders, but given the broker’s history of suspicious activities, it’s wise to approach their account offerings with caution.�
Traders should fully research each account type and understand the risks associated with investing in this odd broker scam. Keep this in mind.�
Can a Trader Use a Demo Account?
Tierra500 does not offer a genuine demo account for traders to test their platform. This should raise suspicions by all means. Also, the platform itself is fake, designed to deceive traders into believing they are executing trades when they are not.�
Traders should be cautious when investing in Tierra500. It’s crucial to ensure that the platform and account offerings are legit before depositing money.
Terms of Service for Tierra500
Tierra500’s Terms of Service are basic and do not offer any real value to traders. This is a fact. The absence of clear terms and conditions raises red flags for traders considering Tierra500 investments.�
You should carefully review and understand a broker’s Terms of Service before committing any funds. Beware of that!�
Leverage, Spreads, and Fees
While Tierra500 allegedly promotes commission-free trading for stocks and ETFs, traders should approach such claims with caution.�
According to the broker, the minimum account balance, domestic wire transfers, checking, software, and inactivity fees have also been waived. However, traders should scrutinize these claims, as such fanfare can often be deceiving. That goes without saying!�
Scammed by a Tierra500 Broker? – We Want To Hear Your Story.
If you have fallen prey to this broker scam, we are here to listen to your story and help you resolve the matter. You can contact us to share your experience.�
We assure you that we take all scam reports seriously and investigate them to the fullest extent. This is a fact!�
What is the Chargeback Procedure?
If this broker scammed you, you could initiate a chargeback process to recover your funds. Contact your bank or credit card company to begin the process and provide sufficient evidence to support your claim.�
Although the process may take some time, it can help you recover your money. Also, we are here to help you with that!�
What Is Tierra500?
Tierra500 is a fake brokerage company that offers financial instruments and trading tools.
Is Tierra500 a Scam Broker?
There are several red flags that suggest Tierra500 is not a safe broker and may be involved in scams.
Is Tierra500 Available in the United States or the UK?
It is unclear if Tierra500 is available in the United States or the UK. You should exercise caution when dealing with this broker.
Does Tierra500 Offer a Demo Account?
Tierra500 does not offer a real demo account, which raises real suspicions.