Tierra500.com Scam: What It Is & How It Works!

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Written by: Stelian Pilici

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If you are looking for a reliable and trustworthy forex broker, you might have come across Tierra500.com. This website claims to offer various trading services, such as forex, stocks, commodities, indices, and cryptocurrencies. But is Tierra500.com legit or just another scam? In this blog post, we will expose the truth behind this shady broker and warn you about the risks of investing with them.

 

Tierra500 scam

What is the Tierra500.com scam?

Tierra500.com is a scam website that pretends to be a forex broker. They are not regulated by any authority, which means they can operate without any oversight or accountability. They also work with websites that offer “Automated trading software”, which are notorious for being part of scamming schemes. These software programs promise to make you huge profits with little or no effort, but in reality, they are designed to drain your account and make money for the scammers.

How does the Tierra500.com scam work?

The Tierra500.com scam works in a similar way as many other forex scams. They use various methods to attract potential victims, such as cold calling, spam emails, fake reviews, and social media ads. They promise unrealistic returns and bonuses, and pressure people to make the initial minimum deposit.

Once they do that, they are transferred to a more sophisticated scammer, called a retention agent, who tries to get more money out of them. The retention agent uses various tactics, such as fake trading signals, false testimonials, emotional manipulation, and threats. They also prevent the clients from withdrawing their money or closing their accounts. They make up excuses, such as technical issues, verification problems, or fees and taxes. They also ignore or block the clients who try to contact them or complain.

What to do if you have fallen victim?

If you have fallen victim to the Tierra500.com scam, you are not alone. Many people have been scammed by them and have lost their money. However, there are some steps you can take to try to recover your money and stop the scammers from harming more people. Here are some of the things you can do:

  • Contact your bank or credit card company and ask them to reverse the transactions or chargebacks. Explain to them that you have been scammed by an unregulated forex broker and provide them with any evidence you have.
  • Report the scam to your local authorities and regulators. You can also file a complaint with online platforms that deal with forex scams, such as Forex Peace Army or Scamwatch.
  • Warn others about the scam by sharing your experience on social media, forums, blogs, or review sites. This way, you can help other traders avoid falling for the same trap.
  • Seek professional help from a lawyer or a recovery agency that specializes in forex scams. They may be able to help you recover some or all of your money by taking legal action against the scammers.

Conclusion

Tierra500.com is a forex scam that you should avoid at all costs. They are not a regulated forex broker, but a fraudulent scheme that will steal your money and leave you with nothing. Do not trust anything they say or offer, and do not give them any personal or financial information. If you have been scammed by them, do not lose hope. There are ways to fight back and recover your money. Follow the steps we mentioned above and seek professional help if needed. Remember that forex trading is not easy or risk-free, but it can be rewarding if you do it right. Always do your research before choosing a forex broker and only trade with reputable and regulated ones.

How to Stay Safe Online

Here are 10 basic security tips to help you avoid malware and protect your device:

  1. Use a good antivirus and keep it up-to-date.

    Shield Guide

    It's essential to use a good quality antivirus and keep it up-to-date to stay ahead of the latest cyber threats. We are huge fans of Malwarebytes Premium and use it on all of our devices, including Windows and Mac computers as well as our mobile devices. Malwarebytes sits beside your traditional antivirus, filling in any gaps in its defenses, and providing extra protection against sneakier security threats.

  2. Keep software and operating systems up-to-date.

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    Keep your operating system and apps up to date. Whenever an update is released for your device, download and install it right away. These updates often include security fixes, vulnerability patches, and other necessary maintenance.

  3. Be careful when installing programs and apps.

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    Pay close attention to installation screens and license agreements when installing software. Custom or advanced installation options will often disclose any third-party software that is also being installed. Take great care in every stage of the process and make sure you know what it is you're agreeing to before you click "Next."

  4. Install an ad blocker.

    Ad Blocker

    Use a browser-based content blocker, like AdGuard. Content blockers help stop malicious ads, Trojans, phishing, and other undesirable content that an antivirus product alone may not stop.

  5. Be careful what you download.

    Trojan Horse

    A top goal of cybercriminals is to trick you into downloading malware—programs or apps that carry malware or try to steal information. This malware can be disguised as an app: anything from a popular game to something that checks traffic or the weather.

  6. Be alert for people trying to trick you.

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    Whether it's your email, phone, messenger, or other applications, always be alert and on guard for someone trying to trick you into clicking on links or replying to messages. Remember that it's easy to spoof phone numbers, so a familiar name or number doesn't make messages more trustworthy.

  7. Back up your data.

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    Back up your data frequently and check that your backup data can be restored. You can do this manually on an external HDD/USB stick, or automatically using backup software. This is also the best way to counter ransomware. Never connect the backup drive to a computer if you suspect that the computer is infected with malware.

  8. Choose strong passwords.

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    Use strong and unique passwords for each of your accounts. Avoid using personal information or easily guessable words in your passwords. Enable two-factor authentication (2FA) on your accounts whenever possible.

  9. Be careful where you click.

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    Be cautious when clicking on links or downloading attachments from unknown sources. These could potentially contain malware or phishing scams.

  10. Don't use pirated software.

    Shady Guide

    Avoid using Peer-to-Peer (P2P) file-sharing programs, keygens, cracks, and other pirated software that can often compromise your data, privacy, or both.

To avoid potential dangers on the internet, it's important to follow these 10 basic safety rules. By doing so, you can protect yourself from many of the unpleasant surprises that can arise when using the web.

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