Beware! Tetra-Invest.co is an offshore broker! Your investment may be at risk.
RECOMMENDED FOREX BROKERS
Dont put all your eggs in one basket. Open trading accounts with at least two brokers.
We can roll our eyes at Tetra-Invest.co for in its essence it is nothing more than another broker trying too hard to take your money. Although we do have to give it props for the stylish website, which is by far Tetra-Invest.cos biggest strength. We dig it, and we assume that many novice traders will also enjoy it. Unfortunately, this is all a facade. Read the review to see what the real Tetra-Invest.co is!
In order to get the best out of a broker, one must register. Otherwise, you are at risk of getting false information. This is especially true when it comes down to shady brokers. The sign up process with Tetra-Invest.co is a template that we have seen hundreds of times before with scammer brokers. The trader ara that resulted was also a familiar reminder that Tetra-Invest.co is on the shady side of things.
We were able to open two fully functioning web traders that gave us two very different sets of info. The first one, one more common with unlicensed brokers, gave us a EUR/USD spread of 3 pips, while the web-based MT4 gives us a EUR/USD spread that is around 0.8 pips, which is great, but the difference between the two trading platforms should not exists! Now we dont know which spread value to trust! The leverage value was capped t 1:100. The tradeable assets given by the MT4 are indices, commodities, shares, cryptocurrencies, and forex currency pairs. The financial assets given by the other web trader are the same ones, although there are differences in the specific individual assets. One platform may or may not have what the other one has.
The website of the broker is available only in English.
TETRA-INVEST.CO REGULATION AND SAFETY OF FUNDS
Tetra-Invest.co is owned and operated by Seabreeze Partners Ltd, a parent company registered in the Commonwealth of Dominica. The most important thing to know about the Commonwealth of Dominica, and the one thing that concerns us, is that it does not yet have an FX regulator. So, if Tetra-Invest.co truly is registered there, it most certainly is not licensed by anything unless it is licensed by something else.
Later, in the terms and conditions, we find a clause stating that the usage of the website is not intended for those who are residents of any jurisdiction where Tetra-Invest.co would be contrary to the law. This is a very smart way of stating that Tetra-Invest.co is not licensed anywhere, but it puts pressure on users to think that they have to check with their local authorities for the legitimacy of Tetra-Invest.co.
Tetra-Invest.co is therefore an UNREGULATED broker and one to look out for! All investments are at risk!
Investing in unregulated brokers is kissing your money goodbye. Always look for a license before investing into a brokerage, most preferably from either the FCA or CySEC, but also from other renowned agencies. These regulators have strict rules and prerequisites that all brokers must follow, or otherwise, penalties or foreclosure may follow! Whats special about the FCA and CySE said that they offer reimbursement schemes to all users of brokers that they regulate, covering their losses if the broker becomes insolvent. CySEC guarantees up to 20 000 per person, while the FCA guarantees up to £85 000.
TETRA-INVEST.CO TRADING SOFTWARE
We have two platforms on our plate, the MT4 and some scammer-like web trader.
The MT4 is the best trading software out there, and it is a mystery to us how the broker was able to acquire its services. But here it is!
The other web trader is one we have encountered dozens of times before with other unregulated brokers:
Compared to the MT4 is has around 1% of all its features. We suggest users stick to the MT4 whenever they get the chance to.
TETRA-INVEST.CO DEPOSIT/WITHDRAW METHODS AND FEES
The minimum deposit is $250, and the payment method is a credit card. This we learn from the user area, so its true.
The only thing we learn from the withdrawal area is that withdrawals are processed in 24 hours. The Deposit and Withdrawal Policy reveals that withdrawal requests are processed in 4 to 7 days. There are also fees but the broker has not given any numerical values to them!
Last but not least, we have the Non-Deposited Funds clauses, which is by far the most scammer thing one can have. It says that users cannot withdraw their profit!
Do not waste your time and money with Tetra-Invest.co!
How does the scam work?
Online ads that seem extravagant, promising impossible returns, are the entry point into an investment scam.
When a user clicks on the ad, he or she will be redirected to one of the following: a scammer broker site or an intermediary website. The user will then be asked to provide a phone number or a phone number.
Giving in to these ads will lead to a deposit, initiated by the first level of fraudsters, whose skill as negotiators should not be underestimated. Once an initial deposit is made, the user has entered the scam.
The core fraudsters, a.k.a account managers, will try to keep users invested in the scam until the user does not realize he/she is being scammed. Usually, it takes around 2 to 3 deposits to realize something is off. The fraudsters might pay some profits, just to keep the client invested.
Once the client realizes she is being scammed, the broker would have either closed of her account, shut down the entire website, or simply will not allow for a withdrawal.
What to do if scammed?
A credit or debit card scam is one in which users can most easily get their money back, through a chargeback procedure. MasterCard and VISA have a chargeback period of 540 days.
If the user has given the scammers money through a bank transfer then they must ASAP change bank account username and password and only then proceed to contact the bank, asking them for direct help.
Money invested through a crypto wallet is gone for good, because crypto transactions are untraceable!
Users might stumble upon these so-called recovery agents or agencies. They will say that they can recover lost funds in return for a hefty service fee. Needless to say, after the user falls for this, these agents will never be heard of ever again!