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Tierra500

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Operating status: SCAM

Website: https://tierra500.com/; http://www.tierra500.net/

Broker violations and abnormal records
  • 2023-06-29 The BCSC issued a warning against Tierra500

    On June 30, 2023, the British Columbia Securities Commission (BCSC) issued a warning against Tierra500, stating that this broker is not registered to trade in, or advise on, securities or derivatives in BC: https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2023/tierra-group-ltd

    On June 30, 2023, the British Columbia Securities Commission (BCSC) issued a warning against Tierra500, stating that this broker is not registered to trade in, or advise on, securities or derivatives in BC: https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2023/tierra-group-ltd
  • 2023-07-03 BrokersView has reviewed that Tierra500 is an unregulated broker

    Tierra500 claims to be operated by TIERRA GROUP Ltd., a company supposedly located in the UK. However, our search for the company in the UK Financial Conduct Authority (FCA) register didn't yield any results. This means Tierra500 has not been regulated by the UK financial watchdog and operates outside the regulatory framework.

    Additionally, the British Columbia Securities Commission (BCSC) issued a warning against Tierra500, stating that this broker is not registered to trade in, or advise on, securities or derivatives in BC.

    In essence, Tierra500 is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    Tierra500 claims to be operated by TIERRA GROUP Ltd., a company supposedly located in the UK. However, our search for the company in the UK Financial Conduct Authority (FCA) register didn't yield any results. This means Tierra500 has not been regulated by the UK financial watchdog and operates outside the regulatory framework.Additionally, the British Columbia Securities Commission (BCSC) issued a warning against Tierra500, stating that this broker is not registered to trade in, or advise on, securities or derivatives in BC.In essence, Tierra500 is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
  • 2024-08-22 The OSC issues a warning about Tierra500

    On August 23, 2024, the Ontario Securities Commission (OSC) issued a warning against Tierra500, stating that this broker is not registered in Ontario to engage in the business of trading in securities. https://www.osc.ca/en/investors/warnings/tierra-500-aka-tierra-group-ltd

    On August 23, 2024, the Ontario Securities Commission (OSC) issued a warning against Tierra500, stating that this broker is not registered in Ontario to engage in the business of trading in securities. https://www.osc.ca/en/investors/warnings/tierra-500-aka-tierra-group-ltd

Related Complaints

Q&A

Hedging allowed?

Ali Hajveri
Namibia
2023-07-13
ANSWER Tierra500 is an unlicensed broker which has been warned by the British Columbia Securities Commission (BCSC) and that we advise against trading with.Tierra500 claims to be operated by TIERRA GROUP Ltd., a company supposedly located in the UK. As per UK laws, Tierra500 is required to seek authorization from the UK Financial Conduct Authority (FCA) before they can solicit investors. However, our search for the company in the FCA register didn't yield any results. This means Tierra500 has not been regulated by the UK financial watchdog and operates outside the regulatory framework.Additionally, the BCSC has issued a warning against Tierra500, stating that this broker is not registered to trade in, or advise on, securities or derivatives in BC.Once your money and personal information are held by Tierra500, there are no rules in place to safeguard them and you are exposed to fraud or theft. That could be financially and personally devastating. Therefore, investors are encouraged to stay vigilant and stay away from unlicensed brokers like Tierra500. To mitigate such risks, a fully regulated broker could be a better choice.
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