ANSWER SierraInvest is not a licensed or regulated broker even though it states offers that look good to be true. SierraInvest claims to be owned and operated by Tetris Group LTD, a company registered in The Commonwealth of Dominica under registration number: 2021/IBC00019. However, Dominica is a notorious offshore zone that does not regulate forex. What's more, viewing the latest warnings in the Commissione Nazionale per le Società e la Borsa (CONSOB), the company name "Tetris Group LTD" has already been used by multiple frauds as a registration name. The CONSOB is warning people that Tetris Group LTD is not authorized to provide forex investment and services. You can check the full warning from here.The truth is, SierraInvest is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like SierraInvest and trade with licensed brokers.
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