Fitrex is an unregulated Crypto / Forex Broker, that opened recently in the end of 2020.
FitRex.eu is owned by Irkasio Systems OU, based in Estonia, which is a sub corporation of Irkasio Holdings LTD, that is based on the offshore island of Saint Vincent and the Grenadines. Contact phone number is (United Kingdom): +442078801223, and their email address is: [email protected]. Official website is at: https://fitrex.eu/.
If you have a broker complaint or problem making a withdrawal, read this.
Fitrex Brokers Review
Our review of the new broker Fitrex finds, that their investors and day traders are given the web-based CFD trading platform, made by Finantick. The trading software is 100% web based and they offer CFD trading on a variety of underlying assets including; Crypto Currency, Forex, Shares and Market Indexes.
The FitrexEU website is only available in English, and they list three types of trading accounts. The minimum deposit starts at $250. Account funding is done via credit card only, and they use the payment processors called; GumballPay, NeoBanQ and TexCent.
If you are a serious investor, you will quickly see that Fitrex does not have MetaTrader4 or any mobile trading apps.
“Get Rich Quick” trading apps promoting CFD Crypto trading are distributed online via Fake News articles and spam emails. For example, we signed up for the trading app Bitcoin Code, and they promised that we will make a lot of money by doing nothing.
Don’t believe what the videos say, or you will become their next victim, read more here.
Is Fitrex a Legit Broker?
No, Fitrex is not a regulated broker, and they are not licensed. You can see their Estonian business registration, click here. Other online brokers that use the same parent companies include a broker called BancFX and another one called Audemart.
The way that Scam Broker Investigator reviews a new Crypto or Forex broker, to see if they are legit or a scam broker is by checking the FCA for a license. All brokers in the United Kingdom must be authorised and regulated by FCA. Brokers that are located in Estonia would need to get a license from Finantsinspektsioon.
Before investing with an online broker, it is incumbent upon you to do your due diligence, and check for an active government license. There are many websites proclaiming to be legit brokers, but without a license, they cannot be trusted with your money.
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You should tryout the free demo, and experience their user friendly trading app, signup here.
If you are already investing money at Fitrex, we ask that you share your experience in the comments section.