Heard of Tierra500.com forex broker? Read why you should not sign up! Yes, we know trading good amounts of money on a safe and licensed company is one of the crucial indicators that cross the mind of every trader or client.

This article promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.

About Tierra500

Tierra500 otherwise known as Tierra500.com is an offshore brokerage with a lot of promises for forex traders. The forex company claims to offer crypto investment services to their clients. 

Furthermore, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices.

Tierra500.com Regulation

First of, Tierra500 claims to operate out of the United Kingdom, our thorough investigation has unveiled that Tierra500 conducts its operations without possessing a valid forex license to operate within this jurisdiction.

But the British Columbia Securities Commission (BCSC) financial regulator explicitly warns that Tierra500.com is a scam using the details of a legitimate company.

Additionally, the broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.

It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.

Tierra500 Customer Complaint

There is no accountability if you are scammed as the owner’s information is not known. Several clients have written unsatisfactory remarks online.

I was exposed to investment fraud by Tierra500.com when I was about to quit I didn’t get my money out they demanded more and more. And I appeal to everyone who has been victimized to spread this so that it will stop.

Annelie

Won’t you rather trade with a licensed and legit broker? Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website

Tierra500 Minimum Deposit

As for minimum deposit, Tierra500 claims to offer different types of accounts like Basic, Bronze, Silver, Gold, Platinum, Diamond, and VIP, each with a different minimum deposit requirement, ranging from a Basic account with a minimum deposit of $250 to a VIP account requiring a minimum deposit of $50,000.

In contrast, some licensed FX brokers can offer clients trading rate as low as $100 with the assurance of their trading funds.

As for the broker funding methods, Tierra500 requires payments through Cryptocurrency. There are a few reasons why scam brokers prefer to receive payments in crypto. One, transactions are irreversible and untraceable.

Another important thing, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!

Tierra500 Trading Software

Tierra500 offers access to a fairly basic web-based trading platform. The broker’s web trader comes with some basic tools and custom indicators but nothing more advanced.

Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.

Frankly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.

Tierra500 Licensing and Regulation

Like in any corporation, integrity is a key to uphold these days. It doesn’t matter if you make a lot of money but you can’t take it out. That is to say, exactly what is happening with non-licensed companies.

Having said that, it is not far from believing that Tierra500.com is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website

Verdict:

Tierra500 appears like a reliable trading platform, however, you should not take the words they say and the attractive website layout. By all appearances, the broker lacks one important indicator – its license. Thus, traders should steer clear from an unlicensed broker as its likely run by scammers. To this end, we urge our readers to rely on regulated brokers like this or any licensed entity.

Please share with us your experience in the comment section below. Thank you!

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