Terra Trade

Cheated by a financial organization, does not withdraw money? Do you want to check the financial company?

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Broker Terra Trade has lost the trust of clients - review of the project and feedback from traders

The company states that it provides financial intermediation services. But the broker’s check showed that the main goal of creating the project was to profit as much as possible from naive clients.

Status	SCAM
Year of foundation	2008
Affiliate program	No
Regulation and jurisdiction	No
Website	terratrade.pro
Contacts	Mail: [email protected]; phone: +442038076747; Address: Flat 812 Houblon Apartments 6 Tyne Street, London

Pros

Simple and intuitive interface
Large selection of tools
Free training program

Cons

There is no evidence of legal activity
Negative feedback on the Internet
Fake positive reviews

Trading Platform	PC Trader, Mobile Trader, Web Trader
Types of accounts	Standard, premium, VIP
Currency	USD
Deposit/withdrawal	Payment systems, cryptocurrency and electronic wallets
Min Deposit	1000 USD
Leverage	1:1000
Financial Instruments	Forex, cryptocurrency, indices, stocks, precious metals, raw materials
Spread	Up to 5 points
Mobile Trading	Yes
Order execution	Instant

What is known about the broker

Terra Trade official website says that the company has 15 years of experience. Also, here they loudly proclaim the broker’s activities in 22 countries and the various benefits that can be obtained: working in the company’s proprietary application, the best conditions in the industry, access to unique trading tools and expert assistance. The registration of the project can only be found in the Client Agreement – the broker indicates that he is located in London. But there are no copies of documents on the site. There was no such data found on the network either. A legitimate company would not hide such information.

You can contact the broker either by phone +442038076747 or by email – [email protected]. But, according to clients, this is also difficult to do after the broker has received the money.

How can traders make money on Terra Trade? Here you can trade on the following markets:

Forex;
cryptocurrency;
indexes;
stock;
precious metals;
raw materials.

The list is really large, but this does not mean that the company provides a person with real access to these markets. The economic calendar posted on the site is nothing more than fiction. After all, the information contained in it does not coincide with reality.

It is also worth noting that the information in the “Training” section does not bear any uniqueness or special significance. In fact, this is general information about trading, which can already be read on many sites on the Internet.

You can top up your balance or withdraw funds from Terra Trade in different ways. To do this, they suggest using popular payment systems, cryptocurrency and electronic wallets. The main difference between depositing and withdrawing money is the speed of the operation. If you can deposit money into your account in a couple of minutes, then you may never receive a withdrawal. And all the broker’s former clients say this. Our experts decided to check this information, as well as take a closer look at the working conditions at the site and understand the deception scheme used by these scammers. Below you will see the results of our analysis.

Trading conditions and platform tools

Before investing in Terra Trade, you will need to go through the registration process. This procedure is also necessary for those users who want to use a free demo account. It’s easy to create a personal account on Terra Trade. To do this, you need to enter your email, password, full name, contact phone number and country in the appropriate fields of a special form. But in order to be able to withdraw profits, you will need to undergo mandatory verification, which involves the transfer of personal information. This data can easily be used by third parties, since the broker directly states that it can pass on the received information further.

You can trade on the site only after choosing a tariff plan. The broker offers three options for opening accounts (all tariffs indicate no commission):

Standard. Minimum account replenishment is $1000, leverage in the range of 1:10-1200, personal manager, minimum transaction 0.01.
Premium. The deposit is $10,000, leverage 1:10-1300, other conditions are the same as in the previous tariff.
VIP. Minimum contribution is $50,000. Most likely, the manager personally offers the client individual conditions for this tariff, since on the website it differs from other accounts only in the size of the deposit.

Also, several platforms are offered for work: PC Trader, Mobile Trader, Web Trader. That is, Trade Terra scammers are trying very hard to attract the maximum number of clients, because you can work from a PC, from a mobile phone, or through any browser.

How scammers scam users

Traders who want to work with Terra Trade need to pay attention to the fact that the broker tells almost nothing about itself. The reality of the existence of this organization is not confirmed by any official document. The company number, which is indicated in the Client Agreement, is nothing more than just numbers – a scanned copy of the document could not be found. Data on the presence of a license, as well as information about the financial regulator, are not available.

The Client Agreement and Privacy Policy are drawn up correctly, but these documents protect only the interests of the broker. Fraudsters say that they can change the terms of cooperation at any time, block an investor’s account, or use his personal data without prior warning to the trader.

If you have become a victim of this broker and do not know how to get your money back, then we can help you. Fill out the feedback form and wait for a call from a lawyer who will advise you and help solve your problem.

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Expert opinion

Eugene Rudenko

Modern brokerage companies try to attract as many clients as possible, offering them interesting and favorable conditions for cooperation. Many traders do not even try to independently check the information about the chosen company, but simply immediately fall for all the promises provided. Fraudsters take advantage of this very well, and there are more and more of them on the market every day. Investors need to focus not only on the stories of the broker’s employees about the age of their project, but also understand what kind of reputation the company has already earned. In this regard, reading reviews and reviews about the chosen financial intermediary is very helpful. By making a quick, rash decision to cooperate, you can lose all your capital. Therefore, do not rush to register on this or that site without getting to know it better from the outside.

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Trader reviews

You can learn a lot of interesting things from reviews and other reviews about the company. Reviews about Terra Trade in most cases are negative or neutral. Positive comments about the broker can also be found on the Internet, but most often they are all posted on one resource. This indicates that scammers practice buying such reviews and paying for their placement on the sites they need. Therefore, investors should read the responses on various forums and websites. Below you can read what real former clients of this scam actually say.

On the website trader-rating.ru, the trader writes briefly but succinctly that if he had previously learned more about the broker, he would under no circumstances have invested money here.

This trader was given the opportunity to receive a very small amount in order for him to continue working with the company. They did not allow him to withdraw all the money and simply silently blocked his account. Naturally, the scammers quickly spent other people’s money in the direction they needed (review taken from vc.ru).

In this case, the trader’s application for withdrawal of money was not approved for various reasons. The investor warns that the broker demands to pay commissions and taxes, which he does not indicate anywhere. He, like most other clients, lost over $1,000 to these scammers (comment was left on otziv-broker.com).

Conclusion

The Terra Trade review shows us that this project is a scam, nothing more. This is a black broker who has no place in the financial market. The company has no real registration or license, so it cannot be considered reliable. To get other people’s money, scammers use various manipulations and don’t tell investors many things. The number of negative reviews about the pseudo-broker is growing daily, which means that this financial intermediary cannot be recommended for cooperation.

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FAQ

How do client reviews about Terra Trade affect the company’s rating?

The client’s financial result depends on the correct choice of the financial platform. Customer opinions reflected in reviews become key factors when making cooperation decisions. You can read comments about work in the Terra Trade project on the company’s official website.

How to leave feedback about cooperation with Terra Trade on the Rating Forex website?

You can tell the story of your cooperation with Terra Trade in a review on the Rating Forex website. This opportunity is provided after registration in the project. The process will not take you much time – fill out the form by entering your login and email address and confirm your email by clicking on the link in the message that came to your email.