Note: Trade IT BrokerHouse's official website: https://tradeit-brokerhouse.com/ is currently inaccessible normally.
Trade IT BrokerHouse Information
Trade IT BrokerHouse is a forex broker in Peru who mainly targets local market. Their product offerings include currencies, indices, CFDs and commodities. It offers multiple trading platforms, including the well-acclaimed MT4. However, we fail to get more information due to its inaccessible website. Furthermore, its credibility and legality is in major suspicion due to its operation without regulatory supervision.
Is Trade IT BrokerHouse Legit?
The broker operates without any valid supervision from any regulatory authorities. It raises a question about its legitimacy and credibility because regulated brokers usually adhere to strict industry standards to protect customer funds.
Downsides of Trade IT BrokerHouse
Unavailable website: Trade IT BrokerHouse's website cannot be opened currently, preventing traders to get to know about its background.
Regulatory concerns: The company operates without any regulations, meanig that it does not comply to rules from any regulatory authorities.
Lack of transparency: The limited transparency on trading conditions such as account details, spread, and commissions.
Market Instruments
There are several tradable assets offered by Trade IT BrokerHouse- forex, CFDs, indices and commodities.
Forex- provides opportunities for traders to profit from fluctuations in the values of different currency pairs. There are 38 currency pairs available at Trade IT BrokerHouse, some of which are minor or exotic pairs like USDTRY, USDZAR, USDSEK, USDSGD, etc.
Commodities- raw materials like gold, silver, platinum, oil, natural gas etc. People can make money from the dynamic global supply and demands.
Indices - allow traders to invest in many top companies without choosing individual stocks. For example, the US30, S&P 500, NAS100, etc.
CFD (contract form difference) - a kind of financial derivative that allows traders to profit from price movements without owning the underlying asset.
Since there's always risk when dealing with investment activities. Always choose the product that you understand well to avoid unnecessary losses due to lack of knowledge.
Trading Platform
Trade IT provides multiple options for trading platforms- MT4, DasTrader, SterlingTrader.
MT4 is a versatile trading platform popular globaly for its advanced features and user-friendly functions, covering most customer groups, while the other two are lesser-know and suitable for beginners.
Customer Support
Trade IT BrokerHousecan only be connected via phone: (+51) 1 640 5091 and email: info@tradeit-brokerhouse.com, with more immediate and modern contact channels like live chat and social media not available.
Conclusion
In summary, Trade IT BrokerHouse is generally not a recommended broker. Its operation without regulation implies less compliance to financial rules and unavailable website leaves no window for customer to know about the company. Furthermore, the lack of transparency on its trading conditions affects overall trading experience and trust in the platform. Therefore, turning to a regulated and reputable broker is a wiser choice.
