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Private-Terranet Review | Is This Another SCAM Project?

by Kevin Berry
Rating: 
  1.2/5   Reviews: 2
Private-Terranet - logo

Private-Terranet is a CFD broker offering trading in various financial assets using leverage through its platform. The company claims interesting facts about itself. For example, its headquarters is located in the USA, and in Europe, it supposedly operates under the name “Exclusive Change Capital LTD,” having licenses from the FCA, CySEC, and CONSOB. Reviews on the internet are infrequent, which raises certain doubts. We suspect that this is another scam project, rather than a genuine brokerage firm. If you want to know the reasons for such an assumption, join us in our expose.

Highlights

🏛️ Country USA
⚠️ Regulation
🖥️ Website https://www.private-terranet.com/
🎲 Demo Account No
⏳ Start Time 2023
💲 Minimum Deposit $500
⚖️ Minimum and Maximum Leverage 1:100-1:400
⚙️ Trading Platform EasyTrader
📨 E-mail support@private-terranet.com
📞 Phone +35725255153

First Impression of Private-terranet.com

Upon entering the broker’s website, we are greeted with the phrase “Connect to the global capital markets”. In reality, it’s funny to see such a slogan, knowing that in front of you is not some well-known and popular broker that genuinely opens access to real markets with actual liquidity but a regular dealing desk that doesn’t execute traders’ deals beyond its own platform. And the Private-Terranet website is full of such delusions, false advantages, and fake merits. The company tries to create the impression of being a serious and professional organization, but this attempt looks cheap and obvious. How can we talk about seriousness when the resource was created based on a standard template? We have encountered such websites more than once, and they all belonged to scam brokers.

Private-Terranet - site

The website’s design is standard: a list of advantages and opportunities, flashy images with charts, computers, smartphones, and people in suits. The information on the site lacks specificity and details. Private-Terranet uses meaningless phrases instead of briefly summarizing the essence of terms, services, and opportunities. The company mentions awards received in 2020 but provides no links or any evidence.

Once again, pompous and clichéd phrases supposedly aimed at motivating traders to open an account and start earning, meaningless statements, a lack of evidence and specifics, and a template-based website structure – these are all clear signs that Private-Terranet is not a serious broker, but just another project that was quickly created and will close just as quickly.

Partnership and Bonuses

Private-Terranet has developed a special program for partners. It consists of two types: introducing broker and affiliate programs. In the first case, partners receive commissions for the transactions of their referrals, and the higher the volume of transactions, the greater the reward. In the second, fixed rewards for invited referrals who have registered with the company and replenished deposits.

The firm does not disclose any information about bonuses. However, we believe that they do exist. Companies like Private-Terranet are happy to offer a bonus to clients so that they can activate it. The thing is, bonus funds are provided on certain conditions, which most often limit the ability to withdraw money. It is exactly what such brokers need.

Account Opening on Private-terranet.com

The procedure for registering an account is not complicated. You simply need to enter your full name, email, country of residence, and phone number, specify the account currency, create a password, and finally agree to the user terms. Private-Terranet does not require email or phone verification, so you can even use the personal information of the President of the United States. By the way, it is a serious flaw in the company’s security system.

Registration

After registration, a trader’s dashboard opens, which is also simplified to basic and standard actions: editing personal data, uploading documents for KYC, depositing and withdrawing funds, and transaction history. From the dashboard, you can also download the trading platform and go to webtrader. How to change the tariff or whether there are other options is unknown.

The website has an “open demo account” button, suggesting the possibility of opening a virtual account for practice. However, upon clicking it, the system prompts you to register a real account, not a demo one. In the dashboard, we also did not find a way to switch from a real to a demo account. In other words, although Private-Terranet indicates the availability of a demo option, it does not provide the ability to open one.

Verification

You can only deposit money into your account after passing verification, as the broker follows AML & KYC policies. In other words, the verification procedure is mandatory here; without it, trading is not possible. Private-Terranet requires two main types of documents:

  • Passport, national ID, or driver’s license – confirmation of identity.
  • Utility bill, card, or bank statement – proof of residential address.

Uploading documents is done through the trader’s account. Simply select the type of document, indicate the path on the computer, and upload.

Pros
  • It’s convenient to upload documents.
Cons
  • None.

Trading Software

The platform from Private-Terranet is available on computers, and smartphones, as well as in the form of a web trader. The web version is accessible through any browser, while the desktop version can be downloaded from the personal account as a .msi file. We advise against opening this file for security reasons, as there is a likelihood of contracting malicious software. The mobile trader can be downloaded from official stores like AppStore/Play Market, available in the section on the company’s website dedicated to the trading platform.

Webtrader

The WebTrader has limited capabilities and features. Traders can analyze charts using technical analysis tools, indicators, Elliott waves, and Fibonacci, as well as using limit orders, stop-loss, and take-profit. The platform’s interface is primitive and simplified: the chart is at the center, a list of assets is on the left, the order panel is at the bottom, and the balance and settings are at the top. The terminal supports multiple languages besides English, three color schemes, a notification system, multicharts, and several types of charts. However, advanced features are not available in the Private-Terranet, such as saving and loading custom setting templates, auto-trading, and others.

The broker’s terminal lags significantly behind popular platforms from other developers. Why doesn’t Private-Terranet add some advanced alternatives so that traders can choose? After all, the functionality of the web trader is severely limited, creating additional inconveniences, especially for experienced traders.

Features Private-Terranet ModMount Ltd NLM 86 Limited
Demo Account ✔️
Mobile App ✔️
Own Development ✔️

How Can I Trade With Private-Terranet?

The broker offers trading in major asset classes: forex, commodities, metals, indices, stocks, and cryptocurrency. The trading conditions and the suite of additional services available to traders are contingent on the type of account they opt for.

All Info About Accounts

Private-Terranet offers a total of three pricing plans, each distinguished by various parameters such as leverage, minimum deposit requirements, minimum trade volumes, and the level of the personal manager assigned to assist clients.

  • Mini. From $500, leverage up to 1:400, lots from 0.01, ordinary personal manager.
  • Green. From $5,000, leverage up to 1:200, volumes from 1 lot.
  • Premium. Over $10,000. Leverage up to 1:100, dedicated personal manager.

Other trading conditions in Private-Terranet are common for all tariffs. Spreads are variable, account currency in three variants EUR/USD/GBP, 24/5 live support, free daily analysis, negative protection balance, and instant execution.

Account types

A leverage of 1:400 is a clear sign of non-compliance with regulatory requirements. Additionally, the sizes of commissions are not specified, nor is it clear whether they exist at all, as well as the parameters of spreads. The requirements for the minimum deposit are inadequate. There are many more well-known and popular platforms where the entry threshold is only $10. The differences between the tariffs are also unclear: what are the advantages of the more expensive types of accounts over the cheaper ones? Overall, the conditions at Private-Terranet are standard, but we do not know the most important parameters, spreads, and commissions. The broker also lacks an Islamic account.

Pros
  • None.
Cons
  • High minimum deposit.
  • More expensive tariffs have no advantages compared to cheap tariffs.

Market Analysis and Education With Private-terranet.com

The additional services in Private-Terranet are not impressive. There are online quotes on the main page, an economic calendar, a calculator for trading position parameters, a section with answers to frequently asked questions, and basic information about asset classes and CFD trading. There is also the option to get a VPS from the broker.

Deposit, Withdrawal, and Fees

To transfer money, Private-Terranet supports Visa/Mastercard, CashU, and bank wire transfers. No fee is charged for deposits, but a fee is required for withdrawals. The information on transfers is vague and lacks specific details; for instance, the exact commission fees are not disclosed. The broker also mentions that in the case of alternative methods, fees may be charged for deposits as well. Processing time for withdrawal requests is up to 5 business days.

Features Private-Terranet SeguroFX Axi
Debit/Credit Cards ✔️ ✔️
Electronic Payments ✔️ ✔️
Crypto Transfers
Deposit Fee
Withdrawal Fee ✔️ ✔️

How Can I Contact It?

Clients can use email and phone number to contact representatives of Private-Terranet. There is also a form for creating a request for feedback.

For some reason, a Cypriot phone number is listed even though the company is based in the USA. Moreover, the same phone number was listed for another firm called NFTvisionfx, which has already closed. Could this be an old project by the same scammers who are now defrauding people through Private-Terranet? And we are already familiar with the office address in Colorado. We’ve seen it before and can confidently say that it’s a fake and mass-used address. You can personally verify this by entering the U.S. address into Google.

Mass address

Pros
  • None.
Cons
  • Mass office address.
  • The phone number was previously listed with another firm.
  • No online chat and social media accounts.

Is Private-Terranet Dangerous?

If it was difficult to draw any conclusions about the broker’s reliability before examining the contact details and office, the nature of the company becomes clear after the information about the fake address and strange phone number. All that’s left for us to do is look into the licenses and the period of operation of Private-Terranet to deliver a verdict.

How Long Does The Broker Work?

Like any other fraudulent company, Private-Terranet avoids disclosing its founding date. Registration documents are absent, making it impossible to find out the date the firm was registered. However, the creation date of the domain can be interpreted as the platform’s launch date. It happened in September 2023, so the organization has been in existence for a very short time.

Domain

How Is Private-Terranet Regulated?

The broker confidently states that it is under the regulation of the FCA, Consob, and CySEC. However, all these licenses are not issued to Private-Terranet but to Exclusive Change Capital Ltd. We did not find any evidence that the two companies are affiliated. The subject of our review simply took the name of another firm and indicated that processes and payments might go through Exclusive Change Capital Ltd. However, in reality, there is no connection between the two firms.

Considering the fake address provided in the United States, there’s no point in checking the registries of American regulators. Meanwhile, other jurisdictions are not mentioned on the site. It became clear that Private-Terranet is operating illegally.

Features Private-Terranet Nexon Groups  FXChoice
European Zone
Asian Zone
American Zone
African Zone
Offshore ✔️

Frequently Asked Questions (FAQ)

How to Trade With Private-Terranet?

You need to register an account by providing personal details. Then you should upload documents for verification, and after that, deposit funds. Only then can you start trading through the platform. The broker claims to offer a demo account, but we don't know how to open it.

Is Private-Terranet Legit?

No, the firm is illegal. First, it cites the licenses of an entirely different organization. Secondly, the address in the USA is fake, and the company itself holds no licenses.

How Risky Is It?

Collaborating with brokers like Private-Terranet carries maximum risk. Losing money is easy; the broker will simply refuse to withdraw funds. Recovering the money will be impossible.
Kevin Berry
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Expert Opinion

At first, it was surprising to see as many as three licenses, including FCA, while the headquarters was listed in the USA. However, common sense and skepticism suggested that something was wrong here. It turned out that Private-Terranet had fabricated an affiliation with Exclusive Change Capital Ltd, and also provided a fake address in the USA, which was also mentioned by many similar fraudulent firms. Moreover, the broker did not obtain any licenses, requires a high amount for a minimum deposit, and lacks popularity and recognition among traders. That’s how it happens: at first glance, everything seems good and safe, but once you start digging deeper, the scam nature becomes apparent.

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Efficiency of technical support
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The level of trust
Quick withdrawal of funds
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2 reviews about Private-Terranet

Sasha September 14, 2023 - 21:49
What should I do? They're not withdrawing the money
The level of trust
Quick withdrawal of funds
Efficiency of technical support

Can anyone tell me how to withdraw money from Private-Terranet? I invested $500 here to try trading, but I didn’t like it. The trading platform is terrible and inconvenient, the commissions and spreads are high, and there are many lags and freezes. The process was unsuccessful, with only losses. Therefore, I decided to withdraw money from the company, but I can’t do it. The broker is not responding, and the withdrawal request is not being processed. Has anyone faced a similar problem? What should I do?

Reply
Man Of World September 19, 2023 - 10:17
Be sure to check brokers. Or you could get caught in such a scam.
The level of trust
Quick withdrawal of funds

There is nothing worse than giving money to scammers. I don’t know why people are willing to invest money in Private-Terranet, because it’s a scambroker that cheats people out of their money. The company is 100% fake. It can’t be that an American brokerage firm offers CFDs and a 1:400 leverage, as that’s illegal in the U.S. Experienced traders will instantly see the catch and understand that it’s impossible. So this fraud scheme is more targeted at novices and inexperienced traders who don’t know about such things and are easily lured into the tricks of fraudsters. Look, Private-Terranet even lists another organization on their website, claiming that payments and the entire trading process can go through it. Although that very company has nothing to do with this scam. So be careful. I always recommend thoroughly checking the broker to avoid such fraud schemes. Look for real evidence of licenses and a long period of operation. Private-Terranet has none of that; the scambroker has been running for just a few weeks, and even lies about licenses.

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