Investment Companies

TERRA X

1.3 (12 reviews)
🇪🇸 Spain
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1.3
12 reviews
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About TERRA X

TERRA X has been flagged by Comisión Nacional del Mercado de Valores for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.

Customer Reviews

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Overnight fees excessive

O
Oliver T.
2 weeks ago

I signed up with TERRA X from a review site like this one and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.

Pros: Educational resources|Fast support response|Wide product range|Two-factor authentication

Cons: Help articles are sometimes vague|Onboarding videos are outdated

Important information for potential investors

D
Daniel R.
1 months ago

This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.

Pros: Information is publicly available for verification

Cons: Appears in regulatory warnings database|Uncertain regulatory status

They blocked me after I invested

C
Catherine M.
2 months ago

After doing some research AFTER the fact (I know, I should have done this first), I discovered that TERRA X is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.

Cons: No regulatory oversight|Money disappeared|Fake testimonials

No phone number that works

J
John S.
3 months ago

I lost a significant amount because TERRA X did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.

Pros: Transparent fees|Great customer service|Demo account available

Cons: Wish they had more educational resources|Mobile app could be improved

Conversion fees hidden

H
Hannah M.
3 months ago

After for nearly two years with TERRA X, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.

Pros: Responsive team|Risk management tools

Cons: None so far|Minor UI glitches occasionally

Still waiting for my withdrawal

A
Amber N.
7 months ago

Where do I even begin with TERRA X? for roughly four months of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.

Pros: Low minimum deposit|Market news feed|Fast deposits

Cons: Limited demo account features

Beware - This company is not legitimate

P
Paul S.
9 months ago

I want to warn everyone about TERRA X. They have been flagged by Comisión Nacional del Mercado de Valores as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.

Cons: Withdrawal fees demanded|Communication cut off|Not authorized

An exercise in frustration

I
Isaac H.
9 months ago

I experienced a security concern with my TERRA X account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.

Pros: Portfolio tracking tools|Fast support response|Personal attention|Segregated accounts

Cons: No live chat on mobile

Nothing works as advertised

A
Alex N.
9 months ago

I requested my data from TERRA X under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.

Pros: Two-factor authentication|Fast support response

Cons: Currency conversion fee exists

A cautionary tale

D
Danielle N.
10 months ago

I wanted to transfer my portfolio from another broker to TERRA X. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.

Pros: Regular platform improvements|Dedicated account manager|Good mobile app|Competitive fees

Cons: Cannot customize dashboard fully|Research section could be deeper