Terra Finance: trading conditions review, reviews
Review of Terra Finance: why avoid this broker?
Many traders are now more careful when choosing a broker. Before registering on a broker’s website, they study reviews and feedback. There are no positive reviews about Terra Finance online. Former clients refer to it as fraudulent and recommend avoiding this company. Why did terra-finance.co end up on the blacklist and how to avoid scammers’ tricks?
Short overview of CFD broker Terra Finance
Searching for “Terra Finance” displays information about various organizations, but the CFD broker’s website terra-finance.co, created by a team of professionals, is on the fringes of the Internet. Former clients label Terra Finance as scammers masquerading as a legitimate CFD broker.
The company’s website states that it is managed by two organizations: Hanabishi Partners Ltd from Saint Vincent and the Grenadines, and Hanabishi management OU, but in reality, these organizations do not exist. The company also lacks a broker’s license and cannot collaborate with exchanges. Terra Finance was established in September 2019 but does not mention the names of top managers and the CEO.
Registration process on terra-finance.co
Registration on the CFD broker’s website is simple, but scammers redirect clients to another site, terra-finance.cc, to create confusion. Additionally, pages with legal documents in English complicate interaction with Russian-speaking clients. The registration process requires providing personal information and scanned copies of documents.
The terra-finance.co website offers six types of accounts, starting from Enthusiast with a minimum deposit of $250 to Super-Platinum with a deposit starting from $100,000. You can fund your account via bank transfer or card. However, the full trading conditions are hidden.
Reviews of Terra Finance
Negative reviews about Terra Finance can be found on forums. Traders claim the company is deceitful and tries to scam them. Terra Finance’s fraudulent scheme involves using analysts to deceive clients and attempting to extract additional funds. Traders cannot withdraw their money due to the company’s conditions.
Review conclusions: Terra Finance is a fraudulent company, and we recommend avoiding transactions with them. As per the expert review results, they are being put on the blacklist. Be cautious and report any suspicious activity to law enforcement authorities.