Is Trade IT BrokerHouse safe?

　　

Is Trade It Brokerhouse Safe or Scam？

　　

Introduction

　　Trade It Brokerhouse is a forex broker based in Peru, primarily targeting the Latin American market. Established in 2017, it claims to offer a range of trading instruments including currencies, indices, CFDs, and commodities through popular trading platforms like MetaTrader 4. However, the question that looms over potential investors is whether Trade It Brokerhouse is safe or merely a facade for a scam operation.

　　In the volatile world of forex trading, it is essential for traders to conduct thorough due diligence on brokers before committing their funds. The forex market is rife with unscrupulous entities that exploit inexperienced traders, making it crucial to evaluate the legitimacy of any broker. This article aims to provide a comprehensive analysis of Trade It Brokerhouse by investigating its regulatory status, company background, trading conditions, customer experiences, and overall risk profile. Our findings are based on a review of multiple sources, including user feedback and expert evaluations, to offer a balanced perspective on whether Trade It Brokerhouse is indeed safe for trading.

　　

Regulation and Legitimacy

　　The regulatory status of a broker is a critical factor in determining its safety and legitimacy. A well-regulated broker is generally subject to stringent oversight, which helps protect clients' funds and ensures fair trading practices. In the case of Trade It Brokerhouse, it is important to highlight that the broker operates without any valid regulatory oversight.

Regulatory Body	License Number	Regulated Area	Verification Status
None	N/A	N/A	Unregulated

　　Trade It Brokerhouse has no affiliation with any recognized financial regulatory authority, which raises significant red flags. The lack of regulation means that there are no established safeguards in place for clients, such as segregated accounts or compensation schemes. Furthermore, past reports indicate that the Spanish financial regulator, CNMV, has issued warnings against Trade It Brokerhouse for fraudulent activities. This absence of regulatory oversight combined with negative historical compliance raises concerns about the broker's legitimacy and overall safety for traders.

　　

Company Background Investigation

　　Trade It Brokerhouse was founded in 2017 and is headquartered in Lima, Peru. The company claims to have a team of professionals with over ten years of experience in the financial markets. However, detailed information about the ownership structure and management team is scarce, leading to questions about transparency.

　　The lack of publicly available information regarding the individuals behind the broker and their qualifications further complicates the assessment of its credibility. When assessing the transparency of a broker, it is vital to consider how openly they share their operational details with the public. In this case, Trade It Brokerhouse does not provide adequate information, which can be a red flag for potential investors.

　　

Trading Conditions Analysis

　　Understanding the trading conditions offered by a broker is essential for evaluating its overall value proposition. Trade It Brokerhouse claims to provide access to various trading instruments, but it lacks transparency regarding its fee structure and trading conditions.

Fee Type	Trade It Brokerhouse	Industry Average
Spread on Major Pairs	Unspecified	1-2 pips
Commission Structure	Unspecified	Varies
Overnight Interest Rates	Unspecified	Varies

　　The absence of clear information about spreads, commissions, and other trading costs is concerning. Traders need to know what they will be charged to make informed decisions. Additionally, the lack of a demo account option further complicates the situation, as potential clients cannot test the trading environment before committing their funds.

　　

Client Fund Safety

　　The safety of client funds is paramount when evaluating a broker. Trade It Brokerhouse does not provide any information about fund segregation or investor protection measures. The absence of these features increases the risk associated with trading through this broker.

　　Moreover, without regulatory oversight, there are no guarantees that client funds will be handled responsibly. There have been reports of client funds being frozen or withdrawn without consent, further highlighting the potential risks of trading with Trade It Brokerhouse.

　　

Customer Experience and Complaints

　　Customer feedback is a valuable resource for assessing a broker's reliability. Unfortunately, reviews of Trade It Brokerhouse reveal a pattern of complaints regarding withdrawal issues and unresponsive customer service.

Complaint Type	Severity Level	Company Response
Withdrawal Delays	High	Poor
Account Blocking	High	Poor

　　Typical complaints include clients reporting that their accounts were blocked without explanation and difficulties in withdrawing funds. One notable case involved a trader who was unable to access their account for several weeks, leading to frustration and distrust towards the broker.

　　

Platform and Execution

　　The trading platforms offered by Trade It Brokerhouse include MetaTrader 4, which is known for its user-friendly interface and reliability. However, the execution quality has come under scrutiny, with users reporting instances of slippage and order rejections.

　　The broker's reliance on a market maker model raises concerns about potential conflicts of interest, as the broker profits when clients lose money. This situation could lead to a lack of transparency in trade execution, further complicating the trustworthiness of Trade It Brokerhouse.

　　

Risk Assessment

　　Using Trade It Brokerhouse presents several risks that traders should carefully consider.

Risk Category	Risk Level	Brief Description
Regulatory Risk	High	No regulatory oversight or protection for funds.
Operational Risk	High	Poor customer service and withdrawal issues.
Execution Risk	Medium	Potential slippage and order rejections.

　　To mitigate these risks, traders should consider using brokers with solid regulatory frameworks, transparent trading conditions, and a proven track record of customer service.

　　

Conclusion and Recommendations

　　In conclusion, the evidence suggests that Trade It Brokerhouse is not a safe broker. The absence of regulation, combined with a lack of transparency and numerous customer complaints, raises significant concerns. For traders looking for a reliable forex broker, it is advisable to seek alternatives that offer robust regulatory oversight and a proven commitment to customer service.

　　For those who are still considering trading with Trade It Brokerhouse, it is crucial to proceed with caution and be prepared for potential challenges. Overall, it is recommended to explore regulated brokers that provide a safer trading environment, such as those overseen by top-tier financial authorities.