If you’re thinking of Tierra 500, we must warn you immediately. This broker is not good, and your money is not safe.
Why do we say so? All the evidence is provided below in our in-depth Tierra 500 review. And if you lost your money with this unscrupulous broker, don’t worry. We’ll offer some solutions by the end of our research.
If you’re looking for a genuine broker, then ensure to avoid Tierra 500. The alleged owner, Tierra Group Ltd, doesn’t exist in Companies House, an official register of all UK-based firms. Moreover, Tierra 500 regulation doesn’t exist in the FCA database.
Hence, we’re unsure of the actual owner, legal jurisdiction, or anything of value. Even regulators who have done deep research on the scheme couldn’t find the exact location of this firm.
However, there are some indications that we cannot claim it’s based in the UK. For instance, this country follows the ESMA directive in terms of leverage, limiting it to 1:30 for retail traders. On the other hand, we have Tierra 500, offering up to 1:100. Besides, bonuses are banned by most Tier 1 authorities, while our broker offers 10-35% on the initial deposit.
Let’s move on to the fake license you’re given and the dangers of trading with unregulated brokers.
You can find a long text on the website explaining how this brokerage house is a certified crypto trading provider. The alleged authorization comes from the Crypto Conduct Authority, a scam website we’ve encountered with fraudsters like MobaTrade many times.
If you check this site, you will find the names of many scammers, many of them offshore and unsupervised. Therefore, this alleged approval means nothing, and no, you don’t have insurance up to 20,000 EUR. Don’t fall for a story that only serves to build fake Tierra 500 credibility.
Tierra 500 registered its domain on the 30th of November, 2022. However, details are hidden from the WHOIS website, presumably so that you wouldn’t discover the owner or the official location.
However, we checked their web traffic and discovered their presence in the following countries:
We expect more authorities to issue an official ban, but until then, we invite you to share your story. It will undoubtedly contribute to our fight against online scammers.
If there’s one thing that someone’s been working on, that’s the promotion of the Tierra 500 trading platform. Namely, the company claims it won awards for its software, including:
Sadly, we’ve seen these before, and we know they’re not genuine. In addition, we’ve registered with the firm and remained disappointed.
The only software you can access is WebTrader. It contains no special features whatsoever but only an asset overview, several charts, and indicators. Nothing compared to third-party software like MT4, MT5, or cTrader, which all have more tools and provide increased fund safety.
As per trading instruments, there’s a standard range of five asset classes:
Since CFD trading is banned in the UK as of 2021, this is another red flag. Of course, we assume that our broker here didn’t bother doing due diligence but instead added a random address that will look nice for its investors.
With everything being said, we don’t see many reasons to go into detail about Tierra 500 account types. It’s clear that you shouldn’t use any. That’s why we’ll just display the choice and fundamental differences.
1. Basic – $250
2. Bronze – $10,000
3. Silver – $25,000
4. Gold – $50,000
5. Platinum – $100,000
6. Diamond – $250,000
7. VIP – $500,000
Of course, with more money, you’re promised higher leverage, bonuses, better ROI, and more assistance. Note that brokers cannot guarantee any returns, and such actions are illegal.
In addition, we were unable to access Tierra 500 Demo account, meaning we were unable to confirm any of the said perks.
Before requesting Tierra 500 withdrawal, you ought to ensure that your account is fully KYC-verified, according to FAQ. Then, you can submit a request using one of the following payment methods:
The brokerage doesn’t specify how long it will take but vaguely suggests it depends on the payment option. Additionally, there’s nothing related to fees and commissions.
We have to mention that reviews didn’t make us confident whatsoever. In fact, it seems that payout is nearly impossible, and your only option is to request your money back through legal methods.
If you’re one of the unlucky victims of Tierra 500, we’re here to help you. Global Fraud Protection has nearly a decade of experience assisting financial swindlers victims. We know their tactics and weaknesses and use them to get a refund for our customers.
All you need is to collect enough evidence for a chargeback or a legal dispute to a crypto exchange. This is where our experts and CipherTrace analysts come into play.
Book your free consultation today, and let us evaluate your case in detail!
Tierra 500 is a fraudulent online trading platform with bans around Europe. It’s clear that you should avoid it, and if you have already invested, we might be able to assist with recovery.
No, Tierra 500 doesn’t offer its customers a risk-free Demo account.
The brokerage offers a 10-35% deposit bonus, depending on the account type you choose.
Tierra 500 is a fraudulent online trading platform with bans around Europe. It’s clear that you should avoid it, and if you have already invested, we might be able to assist with recovery.
No, Tierra 500 doesn’t offer its customers a risk-free Demo account.
The brokerage offers a 10-35% deposit bonus, depending on the account type you choose.
The post Tierra 500 Review: Keep Your Money Safe, Scam Broker Alert appeared first on Global Fraud Protection.
