Trade IT BrokerHouse

Trade IT BrokerHouse is a brokerage firm registered in Peru, having been established on 19 June 2019. The company operates through the website tradeit-brokerhouse.com and maintains a presence on social media platforms, notably Facebook. Based on available records, the firm does not hold any known regulatory licences from financial authorities, placing it outside the oversight of established regulatory bodies such as the FCA, CySEC, or ASIC.

This lack of regulation is a key characteristic of the broker. For traders, the absence of a regulatory licence means there is no independent supervision of the broker's operations, nor any recourse to a compensation scheme in case of disputes. The broker's country of registration, Peru, is not typically associated with stringent forex brokerage oversight.

Trade IT BrokerHouse was founded in mid-2019, indicating it has been in operation for several years. However, the extent of its operational history is difficult to verify independently due to limited public information. The firm's Facebook presence suggests an effort to engage with clients, but details on founder, management team, and company ownership are not readily available from the known facts.

Without a comprehensive background, traders face challenges in assessing the credibility and stability of the broker. The guarded risk score assigned by FXCanary reflects these uncertainties, weighting the lack of transparency and regulatory gaps.

As per the records, Trade IT BrokerHouse is not regulated by any financial authority. This means the broker does not comply with the capital requirements, reporting standards, or client protection measures that regulated brokers must adhere to. The absence of regulation is a significant red flag for many traders, particularly those from jurisdictions with strict licensing requirements.

Traders considering this broker should be aware that they would not benefit from any investor compensation schemes or dispute resolution mechanisms offered by regulatory bodies. The onus is entirely on the trader to perform due diligence.

Publicly available information on the specific account types, spreads, leverage, and trading conditions offered by Trade IT BrokerHouse is scarce. The broker's website may detail these features, but from the known facts we cannot confirm any specifics. This lack of transparency makes it difficult to compare the broker's offering with that of regulated competitors.

Potential clients should seek detailed information directly from the broker and verify any claims independently. In the absence of clear data, the trading costs and conditions remain unknown, adding to the overall risk profile.

FXCanary's scam risk score for Trade IT BrokerHouse is 48 out of 100, placing it in the 'Guarded' category. This score reflects the combination of an unregulated status, limited public information, and the broker's registration in a jurisdiction with less rigorous oversight. The score serves as a warning that the broker carries above-average risk compared to regulated alternatives.

Traders are advised to approach this broker with caution. Only those who fully understand the risks and are comfortable with the lack of regulatory protection should consider opening an account. Comprehensive due diligence, including direct communication with the broker and independent verification of any claims, is strongly recommended.