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Another broker is telling fairy tales about 15 years of experience and 60,000 clients, while there are almost no reviews online. Moreover, there is no serious regulation, even though the firm allegedly operates out of Belgium. Overall, Placeit looks very suspicious and is likely just an ordinary scam. Let us take a closer look.
The Placeit.vip broker’s website follows a standard template typical of such firms. At the top, there is a main menu with the following sections:
At the bottom, in the footer, as usual, a risk warning is hidden — a formal disclaimer to shield themselves from client claims.
Visually, the site looks “fancy and expensive”: a dark background, golden accents, glossy images, and stock photos of a so-called “team”. It is all built around flashy presentation, but without substance. The design is clearly aimed at beginners to create a sense of trust. The charts shown in the screenshots look like images rather than real trading terminals.
What immediately stands out is that Placeit says almost nothing about itself. The website only presents abstract figures: “60,000 active clients”, “15 years of experience”, “operating in 40 countries”, and “750+ assets”. However, there is not a single piece of evidence. No documents, no registration numbers, no references to regulators or licenses.
The address listed is in Belgium, but it cannot be verified — the site provides no confirmation of registry listings, and the address itself is used by dozens of companies as a “virtual office”. Instead of real facts, there are only pretty promises. No information is given about the legal entity, the owners, or the company’s history.
Broker contacts are extremely limited. On the website, there is a “contacts” section with nothing but an email address and a phone number. There is no online chat, which means it is impossible to quickly reach support staff or resolve issues promptly. There are also no social media pages or messenger links, even though those are standard for any online broker.
The most interesting detail lies in the email address. We checked it out, and it turned out to be fake. Placeit lists a fake email, which makes it very unlikely that this is a serious broker.
Placeit offers several account types: Basic, Standard, Gold, and Platinum. The only difference between them lies in the minimum deposit and the promises of “additional services”. Basic starts at $500, Standard at $5,000, Gold at $15,000, and Platinum as high as $30,000. The more you deposit, the more “privileges” they supposedly unlock: signals, analytics, bonuses, and even a “personal mentor”.
In reality, this is a classic scam setup: on cheaper plans, traders are given minimal opportunities, pushing them to top up with larger amounts. A real and reputable broker, such as IC Markets or Exness, provides full functionality and fair conditions starting from as little as $1–10. Here, everything is designed to squeeze as much money as possible out of the client.
The minimum deposit of $500 is far too high. For comparison, top licensed companies (such as XM) allow you to start with $5 or even open a cent account to test trading without risk. Placeit does not offer a demo account or a cent account. Clients are immediately forced to risk real money, and not small amounts.
Another point is commissions, spreads, and swaps. The website provides no transparent information about these conditions. There is no indication of what the spreads are on currency pairs, whether there are transaction fees, or how swaps are calculated. For a serious broker, these are key parameters that must be published openly and in detail.
The leverage goes up to 1:500, which significantly increases risks. On the Gold and Platinum plans, they also promise bonuses — up to 50% of the deposit. However, in the civilized world, bonuses have long been banned by regulators (ESMA, FCA, and CySEC) because they are a tool for manipulation. Such “gifts” usually result in clients being unable to withdraw their money without meeting impossible conditions.
All of these facts paint one picture: Placeit designs its trading conditions not for the trader’s convenience, but to drain deposits to the maximum. There is no transparency, no fair rules. It is a scheme where the client always loses.
Right from the very first acquaintance, the company raises serious suspicions. Fake contact details, questionable trading conditions, and a website filled with minimal useful information but plenty of pseudo-benefits — these are all typical signs of a fraudulent project.
The most important fact is that Placeit has no regulation at all. The website does not mention a single license or regulator. Although the company presents itself as Belgian, any broker in Belgium is required to operate under the supervision of the FSMA (the Belgian Financial Services and Markets Authority). The firm provides no references to registers or license numbers. This means the firm is operating illegally.
In the “Contacts” section, the only information provided is the address Rue de la Loi 162, Brussels. However, there is nothing else: no legal entity, no founders, and no valid company details. This is just an office address with no verification whatsoever. Even if the address were real, it offers absolutely no guarantee of reliability for traders.
It is also worth noting the claimed period of operation — 15 years in the market. This is a blatant lie. A check showed that the domain placeit.vip was registered in May 2025, which means the project is only a few months old. There is no long history, and there never could be.
All these facts point to one thing: Placeit deliberately misleads people, hiding behind loud claims and a glossy website. Behind it, there is no license, no transparency, and no genuine reputation. This is yet another fraud project, created with the sole purpose of collecting deposits and disappearing.
The attractive numbers about “60,000 clients” are also false. There are virtually no reviews of Placeit online. The few that can be found look artificial and were clearly written to create an illusion of activity. For a company allegedly serving tens of thousands of traders, this is impossible — there should be thousands of genuine comments and user experiences.
The conclusion is obvious: Placeit operates without a license, provides fake contact details, and invents 15 years of experience. The company has no real history, no actual clients, and no reputation. This is a typical scam targeting inexperienced beginners. Such platforms do not allow withdrawals; they only drain deposits.
At first, it seemed to me that trading here was possible and that the company was safe. But I wanted to find real proof that there was no fraud or scam involved. There are very few reviews, and it is impossible to find genuine positive ones. That is why I decided not to take the risk and did not fund the account. I advise everyone to do the same. If nothing is being said about a firm, it means it has no clients, which makes it very likely to be a scam.