Trader House is the new broker on the market, claiming to be based in the UK and providing personalized training for trading success. However, it’s a typical Forex broker and the need to insist on education comes from the fact this firm is registered as an education provider, not a financial service provider. And that’s suspicious by itself since it means no FCA approval. Read our honest Trader House broker review in-depth and learn all the reasons to avoid them.
But first, we want to invite you to read our recently updated EtaLTD, DaxGlobe and EUFM scam broker reviews. Your funds are in danger with them!
Broker Status: Unregulated Scam Broker
Regulated by: Unlicensed Trading Company / No Regulation
Scammers Websites: TraderHouse.com
Operating Status: Active Forex Trading Scam
Blacklisted as a Scam by: N/A
Broker Owner: Panelid Limited
Headquarters Country: UK
Foundation Year: 2022
Online Trading Platforms: WebTrader
Mobile Trading: Not Available / No Mobile App
Minimum Deposit: $250
Deposit Bonus: 100%
Crypto Asset Trading: Available (BTC / Dash / Litecoin)
CFD Trading Option: Yes, you can trade CFDs
Available Trading Instruments: Forex (FX) / Commodities / Indices / Shares / Cryptocurrencies (Cryptos)
Maximum Leverage: 1:500
Islamic Account: Not Available
Free Demo Account: No, olny live trading accounts
Accepts US Clients: US traders are not accepted
Global Fraud Protection Experts’ Verdict: Don’t Invest in This Scam Broker!
Trader House Regulation – Is The Broker Legit?
Trader House broker is a brand name of Panelid Limited, a firm based in the UK with registration number TBA. After our research, we discovered that the firm does exist and was registered in December 2021. However, the issue is registered business type. Instead of signing up as a financial service provider and reaching the FCA for approval, this firm claims it belongs to “Other education n.e.c.”
Does the Broker Have a Tier 1 Trading License?
Since this company claims to provide education, not trading services, they technically have no obligation to opt for the FCA license. Yet, it means that their real business is covered and unregulated. Furthermore, the Terms and Conditions suggest that the governing law is the law of Hungary, not the UK.
All in all, the broker Trader House seems to be another boiler room from the Balkans, and you should be aware of it.
Where Is Trader House Trading Scam Active?
Our review has shown that Trader House trading scam is mainly active in:
Yet, the firm has no license, so be cautious.
More so, we recommend that you avoid unregulated brokers, such as W
alFlo, InstaForex or IV Markets. Think twice before investing your money in them!
How Do Scammers Contact Their Victims?
If you have signed up and Trader House Forex broker has your personal information, you may be contacted via email and repeated phone calls. The broker will send all kinds of promotions and promise anything you want to hear over the phone, just to lure you into a scam.
On the other hand, they’re lurking for new clients on social media, mainly on dating apps such as Tinder, Bumble, or Grindr.
If someone approaches you with the story of changing their life while trading with Trader House, do not believe them.
Real Trader House Traders Reviews – Only the Truth
While the firm made sure to post fake Trustpilot reviews and gain new customers, we’re here to uncover the scheme. Many new companies are opening new accounts and making their employees write all sorts of reviews in the company’s favor so that once you check the firm, you see how everyone’s satisfied.
Yet, it’s impossible to have no bad reviews whatsoever. If you check regulated firms with several Tier1 licenses, you will still find an unsatisfied client, and that’s normal. Sometimes, being too perfect is more suspicious than having a few bad reviews.
Our search showed us that Trader House reviews are far from ideal, and clients complain mainly about withdrawals. Since the firm has no regulation, it runs a typical scam of hit and vanish.
Besides, a broker’s bonus prevents you from withdrawals until you repay every $1 10,000 times.
Trader House’s Platform is Presumably a WebTrader – Why Presumably?
Well, the broker didn’t bother to give too much information on the website. Instead, they have focused on the education part, offering all sorts of explanations about what the market is and how it works.
However, if you’re going to invest, you need to know about the software and trading conditions. From all we know, the leverage goes up to 1:500 against the EU and UK regulatory rules, which is another proof this company cannot be UK-based or under Hungarian governing law.
Mobile Trading App – iOS & Android Trading
Trader House login via mobile is not mentioned, so we will assume there’s no way to use Android or iOS besides searching directly through a web browser.
What Products Does Trader House Offer? – Trading Assets
Here’s the list of available trading assets:
- 80+ Currency Pairs
- Commodities such as Coffee or Corn
- Indices such as DAX or Dow Jones
- Cryptocurrencies (Cryptos such as Bitcoin, Ripple Stellar or Dash)
- Spot Metals
Trader House Trading Accounts – What Do They Offer?
There are 5 Trader House account types:
- Bronze Trading Account – Minimum deposit $10,000
- Silver – $25,000
- Gold – $50,000
- Premium – $100,000
- Platinum – $250,000
Besides, there’s a VIP club for those willing to invest over $500,000. Accounts differ in VIP trading signals, higher leverage and the level of education, risk-free trades, etc.
Trader House’s minimum deposit is $250, but you get nothing besides the account itself.
Demo Account – Risk-Free Environment
For an education-oriented company, it was quite odd to learn that there’s no Trader House Demo account. It seems that the firm just talks but gives nothing.
Did Trader House Broker Scam You? – Start the Chargeback Process Now
If you find yourself a Trader House trading scam victim, let us know. We will help you start the chargeback procedure right away and get your hard-earned money back.
New brokers have new scamming methods, and uncovering the money trail is not easy. Time is of utmost importance when dealing with finances, so let’s act now. The sooner you start, the higher your chances of recovering lost money.
We hope you enjoyed our review of Trader House Broker. Thank you for reading, we appreciate it!
Contact us via online chat to book a FREE consultation, and we’re ready to go!